Governor Rick Snyder will receive a report on Detroit's finances from the state's financial review team on Tuesday and it will likely paint a grim picture of the city's massive debt.
It will also detail the failed attempts by the city council and the mayor to deal with the crisis. Tuesday is not a decision day but rather a delivery day. Fox 2 Political Analyst Tim Skubick explains the document will say Detroit on its own can't solve its financial problems. "This governor is very methodical. He is not going to willy-nilly pull the trigger on anything," Skubick said.
There are three options. If the team says there is an emergency then the governor can appoint a financial manager. The city also can file for bankruptcy. That's not a favored choice by the city or the state Skubick reports. Or the consent agreement that is still fresh from this Spring can be renegotiated. That ship may have sailed.
"The Consent Agreement was agreed to last April, but never fully implemented. That's a source of frustration because the governor thought that was a way out of this problem to avoid an Emergency Manager" Skubick said.
The report is expected to hit Lansing today, but keep in mind the review team does have the option to ask for an extension. A governor's spokesperson says that while the governor will likely get the report today, he has 30 days to act on a recommendation. A decision is likely to happen rather quickly, possibly within a week.
Wednesday, June 19 2013 11:40 AM EDT2013-06-19 15:40:48 GMT
Nearly a hundred years ago, two girls from Detroit put a message in a bottle and threw it into the waters of the St. Clair River. Now that message is back on dry land after being found by a diver in 30 feet of water.
Nearly a hundred years ago, two girls from Detroit put a message in a bottle and threw it into the waters of the St. Clair River. Now that message is back on dry land after being found by a diver in 30 feet of water.
Wednesday, June 19 2013 11:20 AM EDT2013-06-19 15:20:12 GMT
Detroit mayoral candidate Mike Duggan ended his campaign Wednesday and will not challenge an appeals court ruling that bars him from the August primary ballot.
Detroit mayoral candidate Mike Duggan ended his campaign Wednesday and will not challenge an appeals court ruling that bars him from the August primary ballot.
Wednesday, June 19 2013 11:13 AM EDT2013-06-19 15:13:58 GMT
A search of a rural field in suburban Detroit has failed to turn up the remains of former Teamsters union leader Jimmy Hoffa, an FBI agent announced Wednesday as authorities ended the dig.
A search of a rural field in suburban Detroit has failed to turn up the remains of former Teamsters union leader Jimmy Hoffa, an FBI agent announced Wednesday as authorities ended the dig.
Wednesday, June 19 2013 9:45 AM EDT2013-06-19 13:45:33 GMT
Kid Rock has added an eighth date to his "$20 Best Night Ever" tour at DTE Energy Music Theatre. Officials say tickets for the Aug. 20 show will go on sale at 10 a.m. on June 22.
Kid Rock has added an eighth date to his "$20 Best Night Ever" tour at DTE Energy Music Theatre. Officials say tickets for the Aug. 20 show will go on sale at 10 a.m. on June 22.
Wednesday, June 19 2013 9:22 AM EDT2013-06-19 13:22:54 GMT
FBI agents in suburban Detroit began a third day of digging Wednesday in the search for the remains of former Teamsters union leader Jimmy Hoffa, who disappeared 38 years ago.
FBI agents in suburban Detroit began a third day of digging Wednesday in the search for the remains of former Teamsters union leader Jimmy Hoffa, who disappeared 38 years ago.
Wednesday, June 19 2013 8:41 AM EDT2013-06-19 12:41:21 GMT
Mike Duggan is expected to lay out his future plans Thursday, one day after an appeals court ruled that he doesn't meet Detroit residency requirements to put his name on the ballot for the Aug. 6 primary elections.
Mike Duggan is expected to lay out his future plans Thursday, one day after an appeals court ruled that he doesn't meet Detroit residency requirements to put his name on the ballot for the Aug. 6 primary elections.
Wednesday, June 19 2013 7:35 AM EDT2013-06-19 11:35:18 GMT
Detroit City Council member Kwame Kenyatta says he quitting Friday. Kenyatta didn't give a specific reason, but he says the council is virtually powerless now that Detroit is being run by an emergency manager.
Detroit City Council member Kwame Kenyatta says he quitting Friday. Kenyatta didn't give a specific reason to radio station WWJ, but he says the council is virtually powerless now that Detroit is being run by an emergency manager.
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