Sharon Madison, owner and CEO of Madison Madison International, was appointed by Gov. Rick Snyder on Thursday to be one of five members of the Wayne County Financial Review Team. The announcement came one day after the Local Emergency Financial Assistance Loan Board came to the conclusion that Wayne County is operating under severe financial distress.
Just last month, County Executive Warren Evans asked the state to declare a financial emergency. Evans said he wants to enter into a consent agreement with the state that will allow the county to continue negotiations with its stakeholders. A consent agreement also would provide for remedial measures to address a financial emergency and may use state financial management and technical assistance to help alleviate it.
The other members of the team are:
Clarence Stone, director of Legal Affairs, Michigan State Housing Development Authority
Jeffrey Bankowski, chief internal auditor, State Budget Office within the Michigan Department of Technology, Management, and Budget
Tom Davis, deputy director at Senate Majority Policy Office