Six years after Gov. Rick Snyder's administration first intervened in Detroit's finances, Michigan's largest city is poised to shed the state oversight that lawmakers put in place in 2014 at the end of its historic bankruptcy, Crain's Detroit Business. The Detroit Financial Review Commission has scheduled a vote for 1 p.m. on Monday to consider releasing the city from its direct power to approve or disapprove budgets and large contracts, said Ron Leix, spokesman for Michigan Department of Treasury. Detroit's ability to get out from under continued state financial control was triggered by three consecutive years of operating budget surpluses. The city ended fiscal 2017 last June with a $53.8 million budget surplus, a decrease from a nearly $63 million surplus in the 2016 fiscal year.
