Citizens Research Council of Michigan http://michiganradio.org en Can Detroit avoid an emergency manager? http://michiganradio.org/post/can-detroit-avoid-emergency-manager <p><font color="#000000" face="Arial" id="role_document" size="2"><font size="4"><font size="4"><font size="4"><font size="4">So, does Detroit really need an Emergency Manager? Can the city&rsquo;s elected leaders somehow get the job done? This much we know: The governor has ordered a preliminary review of&nbsp; the city&rsquo;s finances. There have been major signs of trouble for years.</font></font></font></font></font></p> Wed, 07 Dec 2011 15:30:49 +0000 Jack Lessenberry 5252 at http://michiganradio.org Can Detroit avoid an emergency manager? Detroit's cash crunch: Report highlights role of debt and legacy costs http://michiganradio.org/post/detroits-cash-crunch-report-highlights-role-debt-and-legacy-costs <p>A <a href="http://www.crcmich.org/PUBLICAT/2010s/2011/rpt373.html">recent report from the Citizens Research Council of Michigan</a> highlights a sometimes overlooked part of Detroit&rsquo;s current fiscal crisis: the city&rsquo;s debt and legacy costs.</p><p>According to the report, Detroit has about $14 billion in liabilities (though about $5.2 billion of that is for the Detroit Water and Sewerage Department, and thus shared with its suburban customers).</p> Mon, 05 Dec 2011 22:50:52 +0000 Sarah Cwiek 5259 at http://michiganradio.org Detroit's cash crunch: Report highlights role of debt and legacy costs