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Michigan Treasury to review two more cities' finances

Cash money
Cash money

DETROIT (WKZO) -- Highland Park and Royal Oak are the next cities to have their finances scrutinized by the state.

The Michigan Department of Treasury is slated to begin a preliminary review of their finances, which is a first step in the appointment of a financial review team, that could then lead to a state-appointed emergency manager.  Both municipalities were notified this week of the upcoming preliminary reviews.

The Treasury says that late pension payment deposits, violations of the uniform budgeting and accounting act, and fiscal year deficits are a few of the reasons for the reviews.

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