© 2024 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations
Selected stories from the WKAR NewsRoom in your morning email. SUBSCRIBE HERE

Gov. Snyder Declares Financial Emergency in Detroit

Jake Neher MPRN

Governor Rick Snyder is a step closer to appointing an emergency financial manager for Detroit. He announced today that he agrees with a financial review team’s finding that the city faces a financial emergency.

The Detroit City Council now has 10 days to get a financial plan in place and ask the governor to change his mind.

Snyder expects to appoint someone soon after that.

“Then I would have to make a re-determination, go to the emergency loan board," Snyder says.  "But that process could be fairly quick after that, depending on what kind of information is provided.”

The governor didn’t say who he wants for the job. He says he has a top candidate in mind, but wouldn’t give any more details.

Detroit has been operating under a consent agreement with the state for nearly a year. The state’s financial review team found it hasn’t kept the city from sinking further into debt.

Jake Neher is a reporter for the Michigan Public Radio Network. He covers the State Legislature and other political events in Lansing.
Journalism at this station is made possible by donors who value local reporting. Donate today to keep stories like this one coming. It is thanks to your generosity that we can keep this content free and accessible for everyone. Thanks!