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Flint Emergency Manager: Bankruptcy not an option

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The Flint River in Flint, Michigan.
The Flint River in Flint, Michigan.

FLINT (WKZO) -- Flint's state-appointed emergency manager says bankruptcy is not an option for the struggling city.

Ed Kurtz says going that route won't work because the city doesn't have very much debt.  City officials say the budget in Flint will be balanced at the end of June for the first time since 2007.

Kurtz concedes the one area where bankruptcy would help is in retirement healthcare costs.

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