detroit financial review team http://michiganradio.org en Detroit draws closer to consent agreement, as Court of Appeals tosses restraining order http://michiganradio.org/post/detroit-draws-closer-consent-agreement-court-appeals-tosses-restraining-order <p>The Michigan Court of Appeals today&nbsp;lifted a temporary restraining order that prevented the state financial review team for Detroit &nbsp;from meeting.</p><p>The court&rsquo;s move has opened the door to a major step in fixing Detroit&rsquo;s city finances.</p><p>The financial review team, appointed by the governor,&nbsp; was supposed to meet Tuesday to vote on a &ldquo;consent agreement&rdquo; that would restructure the city of Detroit&rsquo;s finances.</p><p>The agreement would help the city avoid the appointment of an emergency manager, but would require painful budget cuts.</p> Wed, 04 Apr 2012 15:58:42 +0000 Steve Carmody 6903 at http://michiganradio.org Detroit draws closer to consent agreement, as Court of Appeals tosses restraining order Detroit review team affirms financial emergency, but still no clear path forward http://michiganradio.org/post/detroit-review-team-affirms-financial-emergency-still-no-clear-path-forward <p>The state review team investigating Detroit&rsquo;s finances met for what was supposed to be the last time Monday.</p><p>They <a href="http://www.mlive.com/news/detroit/index.ssf/2012/03/still_no_consent_agreement_in.html#incart_hbx">reaffirmed that Detroit is in &ldquo;severe financial stress&rdquo;</a> during a raucous meeting that veered into chaos at times.</p><p>Protesters, angry at what many call an unconstitutional hostile takeover of the city, mostly shouted over team members as they tried to deliberate.</p> Tue, 27 Mar 2012 01:48:18 +0000 Sarah Cwiek & Lindsey Smith 6796 at http://michiganradio.org Detroit review team affirms financial emergency, but still no clear path forward State review team talks options for Detroit http://michiganradio.org/post/state-review-team-talks-options-detroit <p>The state review team looking at Detroit&rsquo;s finances met again Wednesday, and <a href="http://www.freep.com/article/20120321/NEWS01/120321037/Detroit-financial-review-team-meeting?odyssey=tab|topnews|text|FRONTPAGE">formally declared the city to be in &ldquo;severe financial distress.&rdquo;</a></p> Thu, 22 Mar 2012 02:23:53 +0000 Sarah Cwiek 6733 at http://michiganradio.org What's in a consent agreement? Do you really want to know? http://michiganradio.org/post/whats-consent-agreement-do-you-really-want-know <p>Are you confused about the proposed &ldquo;consent agreement&rdquo; the state is trying to work out with Detroit?</p><p>If so, count yourself one among many, including me, and I&rsquo;ve been covering the story nearly every day for the past couple of weeks. In fact, I&rsquo;m fairly sure that all the parties involved are confused.</p> Wed, 21 Mar 2012 16:01:14 +0000 Sarah Cwiek 6724 at http://michiganradio.org What's in a consent agreement? Do you really want to know? Injunction puts Detroit consent agreement in doubt; state review team to meet Wednesday http://michiganradio.org/post/injunction-puts-detroit-consent-agreement-doubt-state-review-team-meet-wednesday <p>Legal wrangling over Public Act 4, Michigan&rsquo;s emergency manager law, has <a href="http://www.detroitnews.com/article/20120320/METRO/203200408/State-appeal-ruling-blocking-Detroit-consent-agreement-review-team-meets-Wednesday?odyssey=tab|topnews|text|FRONTPAGE">put the state&rsquo;s ability to work out a consent agreement with Detroit in jeopardy</a>.</p><p>State leaders and some Detroit officials want to work out an agreement that would prevent the city from going broke in the next couple of months&mdash;without appointing an emergency manager.</p> Tue, 20 Mar 2012 23:16:58 +0000 Sarah Cwiek 6717 at http://michiganradio.org Injunction puts Detroit consent agreement in doubt; state review team to meet Wednesday Detroit state review team opens its doors--then closes them again http://michiganradio.org/post/detroit-state-review-team-opens-its-doors-then-closes-them-again <p>The state review team looking into Detroit&rsquo;s finances <a href="http://www.mlive.com/news/detroit/index.ssf/2012/02/detroit_review_team_holds_firs.html">met in public for the first time </a>Tuesday.</p><p>But the meeting was short&mdash;less than 20 minutes--and revealed almost nothing about the process behind the review.</p><p>The team, led by State Treasurer Andy Dillon, briefly reviewed Detroit&rsquo;s bleak financial picture--without major changes, the city will run out of cash before the end of the fiscal year. There was also a brief public comment period.</p> Tue, 28 Feb 2012 22:15:14 +0000 Sarah Cwiek 6415 at http://michiganradio.org Detroit state review team opens its doors--then closes them again