Chafee, other governors call for more local finance oversight after Detroit

GOV. LINCOLN D. CHAFEE was one of several governors nationwide to call for more state oversight of local finances in the wake of bankruptcies in Detroit and Central Falls. / PBN FILE PHOTO FRANK MULLIN
GOV. LINCOLN D. CHAFEE was one of several governors nationwide to call for more state oversight of local finances in the wake of bankruptcies in Detroit and Central Falls. / PBN FILE PHOTO FRANK MULLIN
COLUMBUS, Ohio -- Detroit’s record U.S. municipal bankruptcy shows that states need to do more to oversee localities’ finances and unfunded liabilities, Republican and Democratic governors said. States should demand that municipalities more accurately account for long-term pension and health-care obligations, said North Carolina Gov. Pat McCrory, a Republican who took office in January. “It’s…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -