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PAGE 6 ASSOCIATED NEWSPAPERS OF MICHIGAN June 25, 2020

INKSTER - ROMULUS
INKSTER - ROMULUS

Romulus financial report may show huge gain

Members of the Romulus City able to investors who tend to statement,” he said.
Council heard some good news pull their funds from riskier ” He explained that because of
and a word of caution during investments. The city will see a significant gain the market swings, part of that
their virtual meeting last week. “There is a flight to quality on the June 30 report and $402,000 income could disappear in the
Auditor Brian Quinn and investors take money out of next quarter because of the wild
explained that the coronavirus the U.S. stock market to treasury will hit the income statement. swings the financial markets are
pandemic had a serious effect bonds which bumps up the price experiencing.
on financial markets and the as they are more desirable,” he “You can't plan on that
results of that effect were coin- explained. Added to that is the er rate of interest paid on securi- city is practicing safe investing,” money,” he told the council
ciding with the quarterly finan- reduction in interest rates by the ties, which become more in he said, “but there are wild members, “it could evaporate.”
cial report for the city. Federal Reserve and the pur- demand, and affect the city port- swings in market value which Quinn told the council mem-
He explained that during chase of securities by the federal folio. have to be a record,” Quinn said. bers that he wanted to explain
times of financial stress in the government, which becomes the “There will be a significant “The city will see a significant the large gain to them personally
stock markets, securities safety net for investors. Those impact on the city interest earn- gain on the June 30 report and before the quarterly report was
become more and more desir- factors, he said, provoke a high- ings,” he told the council. “The $402,000 will hit the income submitted for their review.
Barrage of gunfire leaves 1 dead, another injured

A 27-year-old man was killed shooting. Inkster police had Officers found the 27-year-old mined that the man had suffered was canvassed by police.
by gunfire and another man received reports of the incident man deceased behind the wheel non life-threatening injuries. The According to police, neighbors
wounded last Wednesday morn- at about 1 a.m., officials said. in the driver's seat of the vehicle. woman was not injured in the said the sound of fireworks
ing on the 28000 block of When Inkster police officers Police said more than 50 shell shooting, according to police and apparently masked the sound of
Glenwood Street in Inkster. arrived on the scene found a casings were recovered at the medical reports. the gunfire in the altercation.
According to reports from the white Chevrolet Traverse parked scene. Preliminary investigation Police did not release the
Michigan State Police, troopers on the north side of Glenwood A man and a woman, who wit- reports indicate that this was not names of any of the parties
were called about 1:20 a.m. to the Street facing westbound, riddled nessed the shooting, drove them- a random shooting, although involved in the incident.
area near Cherry Hill and with bullet holds, according to selves to a nearby hospital, police investigators could not find any Police said that the investiga-
Glenwood after reports of a Michigan State Police reports. said. Medical personnel deter- witnesses as the neighborhood tion is continuing.
Tour of community partnership for the
rest of the Nation to follow,” he
said.
FROM PAGE 1 The first meeting of the
Listening Tour took place yester-
County police chiefs and the com- day and the date for the next
munity to learn from each other. meeting, officials said, will be
Through these open dialog announced soon.
forums, the police chiefs will be Romulus Mayor LeRoy
able to gain a greater perspective Burcroff and Interim Police Chief
from our communities of their Robert Pfannes also attended the
specific concerns. event. Burcroff said he hopes to
“While doing so, the communi- make Romulus a stop on the lis-
ty will have the opportunity to see tening tour.
and hear firsthand how many “Listening and being heard
Western Wayne County Police are two different things. Being
Departments have already imple- heard is understanding the Romulus Mayor LeRoy Burcroff addresses the large crowd at the Conference of Western Wayne meeting
mented the training, the policies words, the meaning and what last week.
and early warning systems that needs to happen-and we plan to ating partnerships that benefit Heights, Garden City, Inkster, Charter Township, Plymouth
the community is asking for. do just that,” he said. the community,” Burcroff added. Livonia, Northville, Plymouth, Charter Township, Redford
Moving forward, the Listening “This tour is a great opportuni- CWW and Western Wayne Romulus, Wayne, Westland, Charter Township, Sumpter
Tour will give us an excellent ty for police departments and res- Police Chiefs represent: Canton Charter Township, Huron Township and Van Buren Charter
opportunity to create the model idents to speak openly about cre- Belleville, Dearborn, Dearborn Charter Township, Northville Township.