LaFaive outlines how in today's Oakland Press
Michael LaFaive, director of the Morey Fiscal Policy Initiative, writes in today’s Oakland Press that Detroit should look to Pontiac for examples of how to reduce its debt.
Under an emergency manager, Pontiac reduced spending by 43 percent between 2008 and 2013. The steps the city took included selling off unnecessary assets (such as a parking garage and a theater) and contracting for public safety services.
LaFaive suggested these and other cost-cutting measures in a Pontiac-specific issue of Michigan Privatization Report in 2006.