Governor Rick Snyder says the Detroit mayor and city council are operating under some tight deadlines if they want to avoid a state takeover. A formal state Treasury review of the city’s finances is underway.
Detroit Mayor Dave Bing says the pace of the city’s recovery is being slowed by delays in Lansing. The mayor says the Legislature is taking too long to create an independent authority to help Detroit and other cities keep their street lights on.
Governor Rick Snyder says a controversial plan to prevent the appointment of an emergency manager for the city of Detroit allows current city officials to play a significant role in their financial recovery.
Governor Rick Snyder’s administration will reveal details Tuesday of a proposal to help the city of Detroit fix its finances and avert a state takeover. The plan will be presented to members of an emergency financial review team and to the Detroit city council.