Snyder disappointed over voters decision to defeat emergency manager law

• Related: Proposal 1 defeated: Michigan voters repeal emergency manager law

Michigan Gov. Rick Snyder is praising the defeat of five constitutional amendments, including restrictions on tax increases and more power for unions in collective bargaining.

Snyder says they "could have derailed Michigan's economic comeback." The governor says he was disappointed that voters killed the emergency manager law, which has been used since 2011 to put his appointees in charge of struggling cities and school districts.

Speaking to reporters Wednesday, Snyder says the possibility of public bankruptcies could increase now that the law has been defeated. Unless lawmakers intervene, Michigan will continue operating under an old version of the law, which doesn't give managers as much power to overhaul local finances.

Snyder says the election result shouldn't affect an agreement to repair Detroit's finances.

Read more about this in a report on the Detroit Free Press here.