Budgets are falling across the state of Michigan. It happens. Revenues decrease in recessionary periods, and the realities of financial forecasts become vague and somewhat Picasso-ish when markets, where much of municipal pensions funds lay, become unpredictable. So it goes in the City of Traverse City, Michigan where the...
In arbitration, a neutral third party is empowered by the parties involved, to decide the outcome of a dispute. Somewhat resembling legal proceedings, it is generally agreed beforehand the arbitrators decision will be final. Perusing through a recent financial statement of the MEA I decided to randomly pick a...
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