Comments (2) 5:30 PM posted by admin |
And the dominos begin to fall:
The State of Michigan is preparing to take over the finances of the village of Three Oaks. The Village had asked the State Treasurer for a preliminary review of their finances on June 30th. The Village then had until November 10th to request a hearing. The Village failed to do that prompting the State to name an Emergeny Financial Manager.
The Village of 1,800 is $600K in the red.
Ironically, the Village blames their financial problems on their recently redesigned web site as well as a stalled redevelopment project in the heart of town.
Oh, for crissakes, I’m kidding. Kidding. Three Oaks has only 8 employees spread among Police, Fire, Street, and Utility departments, but they are still predicting they won’t have enough money to make payroll after February.
Three Oaks is located on Michigan Ave (US12) on the west side of Michigan a few miles north of the Indiana border.