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Tue Feb 19, 2013, 04:22 PM

Detroit Review Team Finds 'Financial Emergency' In City

Source: WDIV-TV Detroit

DETROIT -According to the Michigan State Treasurer's Office, the six-member financial review team appointed in December to examine the city of Detroit’s finances has unanimously determined that a local government financial emergency currently exists in the city, and no satisfactory plan is in place to resolve it.

"This review team spent two months pouring over the city’s finances, taking careful
consideration of both long and short-term issues, including recent actions by the administration and City Council,” said State Treasurer Andy Dillon, a member of the six-person panel. “While we appreciate the steps the city has taken over the past number of weeks, key reform measures have not occurred quickly enough, if at all. The team collectively believes the city needs assistance in making the difficult decisions necessary to achieve the significant reforms that are so crucial to the city’s long-term viability."

--SNIP
“Each member of the Review Team came into this process with an open mind, and no preconceptions. However, it became clear as we moved forward, that the city continues to struggle mightily beneath the weight of chronic deficits and its long-term liabilities,” said Ronald Goldsberry, an independent consultant and one of Governor Snyder’s appointees to the Review Team. “Add to the mix a city governance structure that resists meaningful, structural change, and you have what we have deemed to be a financial emergency.”

Under PA 72, the Governor now has 30 days to review the report and make a determination on whether or not a financial emergency exists in the City.

Read more: http://www.clickondetroit.com/news/Detroit-review-team-finds-financial-emergency-in-city/-/1719418/18988204/-/format/rss_2.0/-/c4x4c1z/-/index.html



"Emergency Manager" pending if the governor can find anyone to take the job. Sadly, considering the buffoons on the Detroit City council...it is probably for the best.

13 replies, 1728 views

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Always highlight: 10 newest replies | Replies posted after I mark a forum
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Arrow 13 replies Author Time Post
Reply Detroit Review Team Finds 'Financial Emergency' In City (Original post)
Purveyor Feb 2013 OP
geek tragedy Feb 2013 #1
louis-t Feb 2013 #4
annabanana Feb 2013 #2
geek tragedy Feb 2013 #3
alfredo Feb 2013 #9
KamaAina Feb 2013 #5
angstlessk Feb 2013 #6
KamaAina Feb 2013 #7
alfredo Feb 2013 #8
amandabeech Feb 2013 #10
12zelda12 Feb 2013 #11
Festivito Feb 2013 #12
JNelson6563 Feb 2013 #13

Response to Purveyor (Original post)

Tue Feb 19, 2013, 04:23 PM

1. Another power grab by Snyder? nt

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Response to geek tragedy (Reply #1)

Tue Feb 19, 2013, 04:31 PM

4. Of course it's another power grab.

And a financial windfall for those who suck up to him. The financial manager will make $300,000 plus, they'll sell off the city to FOS (friends of Snyder) and leave nothing behind. Belle Isle? Gone. Any available riverfront property? Gone. Parks, water dept., museums? Gone Gone Gone.

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Response to Purveyor (Original post)

Tue Feb 19, 2013, 04:29 PM

2. So. No more self-government for Detroit?

How American.

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Response to annabanana (Reply #2)

Tue Feb 19, 2013, 04:29 PM

3. Papa Rick Snyder knows best. nt

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Response to annabanana (Reply #2)

Tue Feb 19, 2013, 05:27 PM

9. I bet no matter the state of finances, they would have declared an emergency.

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Response to Purveyor (Original post)

Tue Feb 19, 2013, 04:36 PM

5. Goddamn fascist repuke takeover



Last time we had an emergency manager thread, a Detroit DUer suggested that Mayor Bing might be a good choice for the position. My response: "Do you really think there's a chance in hell that it's going to be him, or anyone like him?"

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Response to KamaAina (Reply #5)

Tue Feb 19, 2013, 04:54 PM

6. You are being politcally correct..you mean any 'shade' of him?

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Response to angstlessk (Reply #6)

Tue Feb 19, 2013, 04:57 PM

7. That's part of it

but even if the EM is African American, it'll likely be someone from outside Detroit: Robert Bobb, who served in a similar role in the Detroit school system, has been mentioned.

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Response to KamaAina (Reply #5)

Tue Feb 19, 2013, 05:06 PM

8. Disaster capitalism

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Response to KamaAina (Reply #5)

Tue Feb 19, 2013, 05:44 PM

10. Mayor Bing knows what's going on at this point.

That's why I thought that he would be a good choice.

For the record, I'm not from Detroit, but I am from Michigan originally.

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Response to Purveyor (Original post)

Tue Feb 19, 2013, 09:47 PM

11. Horrific but look out

Unfortunately this is a grand experiment for the rest of the nation and it may be occurring in your own county under your nose, Here in my county the board, loaded with cronies,
executed a coupe de taut by creating an administrator unelected position. This admin has total power just like these takeovers in Michigan but totally under the radar. We who know about it are preparing to act. I think this is taking place all over the country mostly in red counties right now but it will expand. If you are aware of this, please post. As it sits now the admin edits the minutes, is in total charge of who is fired and who is not, which parcel of land that can be auctioned off, what department is destroyed and we are losing access to public documents. This is not what democracy looks like.

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Response to Purveyor (Original post)

Wed Feb 20, 2013, 03:41 AM

12. Snyder picks a team who say Detroit should be given to Snyder's buddies.

How convenient.

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Response to Purveyor (Original post)

Wed Feb 20, 2013, 04:39 AM

13. I weep for my beloved Michigan.

We really need to make some big changes in this state next election.

Julie

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