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Wayne County Executive Warren C. Evans Takes Steps to Ensure Wayne County’s Financial Solvency

 

Detroit – As part of his commitment to execute his Recovery Plan to rid the County of its $52 million structural deficit, Wayne County Executive Warren C. Evans requested an extra measure of support and authority from the State of Michigan.  Today, Mr. Evans delivered a letter to State Treasurer Nick Khouri asking for a declaration of a financial emergency in Wayne County  to support a request for the County to enter into a Consent Agreement with the State of Michigan.

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The Consent Agreement would allow the County to continue negotiations with stakeholders while also providing the County with the ability, if necessary, to make the difficult decisions needed to move the County out of financial instability.

“Our Recovery Plan provides a clear path to financial stability for the County, but we are keenly aware that our time frame to get the job done is quickly fading,” said Wayne County Executive Warren Evans. “Throughout this process we are constantly evaluating where we stand and proactively seeking solutions to work ourselves out of this massive deficit.  I am requesting this Consent Agreement because the additional authority it can provide the County may be necessary to get the job of fixing the county’s finances done,” Evans said.

In just 5 months, the Evans’ Administration has saved the County tens of millions of dollars  implementing the Recovery Plan.  The Plan, which is ambitious and provides strong medicine to solve the County’s financial crisis, requests that all stakeholders share in the sacrifice to return the County to a solid financial footing.

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