financial stress

At lunchtime yesterday, I got a news alert that the state’s preliminary review team found Detroit’s finances a mess.

Courtesy of Detroit City Council website

The state Department of Treasury continues its review of the City of Detroit’s finances.

While Governor Rick Snyder insists he doesn’t want to see Detroit under and emergency manager…the city doesn’t seem to be making much headway in fixing its financial issues.

Detroit City Council President Pro Tem, Gary Brown has some ideas on how the city can save money and cut spending. He spoke with Michigan Radio's Jennifer White.

 

Yesterday, Detroit City Council sent a clear signal to Governor Rick Snyder and the rest of the state. By their actions, they said “we need you to send in an Emergency Manager and strip us of all financial power. You have to do this, because we are psychologically incapable of seriously addressing our financial problems.”

They would indignantly deny what I just said, of course. Barely a week ago, they huddled around a microphone with Mayor Dave Bing, and defiantly agreed they didn’t need outside help.

(photo by Steve Carmody/Michigan Radio)

Another Michigan city is moving toward a state takeover.   

The state Treasury Department announced today  that a preliminary review of Inkster’s books shows the city is in "probable financial stress".   

Treasury spokesman Terry Stanton says the city is having trouble solving a multi-million dollar deficit. 

"And the review also found city official have proposed unrealistic budgets and failed to make budget revisions in a timely manner," Stanton says.