Share “Clock ticks down for decision on Detroit...”

Clock ticks down for decision on Detroit finances

Published on NewsOK Modified: January 11, 2013 at 2:04 am •  Published: January 11, 2013

DETROIT (AP) — Detroit's fiscal future could soon be out of its hands if a team of state officials determines that the city is so entrenched in a financial emergency that it cannot climb out on its own.

Mayor Dave Bing has said a monthlong review of the city's books could be presented as early as Friday to Gov. Rick Snyder. But that will probably be delayed after Snyder on Thursday asked the team to take a closer look at Detroit's cash flow and other concerns.

If the governor determines there is a financial emergency, the mayor would have 10 days to request a hearing. Snyder could then revoke his decision or appoint an emergency manager.

The process could take longer if Snyder chooses to use the full 30 days allotted by law.


  1. 1
    ONEOK Partners to invest up to $100 million to expand capacity in Permian Basin
  2. 2
    Report: Thunder signs Josh Huestis to 4-year deal
  3. 3
    Thunder TV analyst Nancy Lieberman expected to become Kings assistant coach
  4. 4
    Dodgers send Olivera to Braves in three-way trade
  5. 5
    MTV's 'Real World' sets casting call in Oklahoma City
+ show more


× Trending news Article