The new law gives financially struggling municipalities and

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After voters threw out the controversial emergency financial manager law last month ukcaricatures , Republicans created a new one with most of the same powers and Gov. Rick Snyder signed it into law Thursday morning.The Local Financial Stability and Choice Act includes the most controversial of powers an emergency manager is given: the ability to reject or modify a labor contract.The new law gives financially struggling municipalities and schools four options: a consent agreement, a neutral evaluation, an emergency manager or Chapter 9 bankruptcy. Critics of the law say there are no real choices with all roads eventually leading to an emergency manager, and that Republicans were not listening to the voters who threw out the 2011 law.In a statement, Snyder said that SB 865, which is now Public Act 436, shows just the opposite.”This legislation demonstrates that we clearly heard 1:1 hermes replica handbags , recognized and respected the will of the voters,” the governor said. “It builds in local control and options while also ensuring the tools to protect communities and schools districts’ residents, students and taxpayers.”Chris Gautz: (517) 403-4403, [email