Is Flint facing another takeover by the state?
A municipal bankruptcy?
How is payroll going to be met tomorrow for city employees?
Speculation is rampant this week after the state put the brakes on the city's request to borrow $20 million to cover its deficits.
Without the loan, the city will have only about a half- million dollars in cash on hand. That's not nearly enough to meet payroll expenses of $1.5 million to $2 million every two weeks.
Just two years removed from bankruptcy, General Motors has rebounded strongly with new designs and new cars, including the new Chevy Volt. It is expected that sharing the auto industry's prosperity will be a focus of future contract talks this year between the United Auto Workers and GM, Ford, and Chrysler.
As the City of Flint moves forward with Genesee County on plans to build a water pipeline to Lake Huron, officials are also looking at the possibility of drawing water from the Flint River as an option.
Flint fire stations won't have to shut down this weekend, because the planned demotions of fire department supervisors was postponed. The mayor's office is going to take some time to review the situation, but it certainly isn't over yet.
The City of Flint is taking in far less money because of the large number of abandoned homes and decreased property taxes. Those are the prime culprits in the city now facing a deficit of nearly $17 million, according to the latest audit
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