The Michigan state treasurer last week said Three Oaks, located in Berrien County, is out of state receivership.
The state first took over the village in December 2008. The state-appointed emergency manager left after a year, and in the 22 months since, Three Oak’s financial position has improved.
“The village of Three Oaks is a terrific example of how local officials and stakeholders can work together, first with an emergency manager and then on their own, to ensure that a local financial emergency is remedied as quickly and responsibly as possible,” state Treasurer Andy Dillon said in a statement.
There are currently three municipalities under receivership in Michigan: Benton Harbor, Pontiac and Ecorse, and one school district, Detroit Public Schools.