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…
Tag: Arbitration
Arbitration? Consider Your "Decider" Carefully..
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…