Governor Rick snyder signs bill giving broad new powers to emergency financial managers Posted: 03/16/2011 Last Updated: 31 minutes ago LANSING, Mich. (WXYZ) - Governor Rick Snyder has signed a bill giving broad new powers to emergency financial managers appointed by the state of Michigan to run struggling cities and schools, including the ability to terminate union contracts. The bill was signed as thousands of union protesters rallied inside and outside the Capitol to protest the bill. Vulnerable cities like Ecorse, Highland Park and Pontiac could get Emergency Financial Managers. This problem is so serious across this state, more than 60 communities that are on a Michigan Department of Treasury special watch list. Hamtramck is once again in danger. In Hamtramck, City Manager Bill Coopers position was created out of the financial crisis. The city fell in to receivership but emerged five years ago. He says the city fell in to debt when the emergency manager was here. He says they are still digging out from under it. The Emergency Manager does the short-term fixes and leaves, a lot of them don't look five or ten years down the road. 65 people have been trained as Emergency Managers and Cooper says the state is preparing to train 150 more.