Announcement on Detroit financial crisis coming tomorrow at noon

Feb 28, 2013

Gov. Rick Snyder's office just put out a news release saying the Governor will hold a "forum with invited Detroiters to discuss Detroit's financial situation."

It will be held at tomorrow at noon at the Detroit Public Television studios, 5057 Woodward Ave. in Detroit.

A live stream will be available as well.

It's widely expected that Gov. Snyder will appoint an emergency manager for the city.

Earlier today, the Detroit Free Press reported that Mayor Dave Bing said he doesn't expect Snyder to offer a name tomorrow:

Bing told reporters outside a conference center at MotorCity Casino-Hotel. “I think everybody’s got a pretty good idea of what the announcement will be.”

But when asked if he expects Snyder to name an individual for the position, Bing replied “not immediately.

Bing said Detroit can't get out of the financial mess it's in by itself.

“It’s all about the numbers,” he said. “And anybody who’s been following the numbers in Detroit knows that the numbers are not good and they’re not going to change dramatically anytime soon. So there are things Lansing can do to help to get us out of this situation faster than we can do it by ourselves.”

Not surprisingly, Detroit mayoral candidates have come out against the appointment of an emergency manager. And the Freep reports the Detroit Branch of the NAACP "urged Snyder not to appoint one and instead work in partnership with the city."

Some candidates and council members are accusing the state's financial review team of inflating the city's financial troubles.