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Tue January 10, 2012
Financial review team for Detroit meets for first time
A state-appointed review team assessing the finances of Detroit met for the first time today. Most members of the panel say they are optimistic the city can avoid being taken over by an emergency manager.
Former Michigan Supreme Court Justice Conrad Mallet is on the panel. He is optimistic the city can turn its deficit around.
“We understand the concerns of the men and women who live inside the city of Detroit about what a survey like this actually entails and what it could mean,” said Mallet. “What it is going to mean is that we are going to get to the bottom of the course of difficulty.”
The review team has about a month and a half to send a report of the city’s finances and a recommendation to Governor Rick Snyder.