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Gov. Rick Snyder has appointed an emergency manager to run Lincoln Park, where officials say the deficit increased by at least $1 million in the last budget year.
The governor on Thursday named Brad Coulter the emergency manager. He’s taking a leave of absence from O’Keefe & Associates, a turnaround consulting firm where he is an independent contractor.
Coulter will make $150,000 a year.
Lincoln Park is the fifth Michigan city currently with a state-appointed emergency manager. It joins Detroit, Flint, Allen Park and Hamtramck.
When Snyder confirmed a financial emergency in Lincoln Park, the city council initially chose a consent agreement with the state. But council members rejected the agreement, leading state Treasurer Kevin Clinton to determine the city should proceed under an emergency manager.