Detroit Mayor Dave Bing says the city is at a tipping point and could be assigned an emergency manager if the state doesn’t let it extend income and utility taxes.
Bing met privately with Governor Rick Snyder and lawmakers today.
He says if the state does not allow Detroit to extend taxes, the city will lose about $100 million in revenue:
"Then I think we’re looking at an emergency financial manager," said Bing, "and I don’t think the state wants to go in that route, nor do we. So we need the support from the Legislature up here to make sure they make the necessary changes to give us the support that we need."
Bing needs legislation for the tax extension because of Detroit’s massive population loss. That drop disqualified the city from laws written for the state’s largest city.
Bing also wants Detroit’s 48 unions to make large concessions to help close a $200 million deficit.
