DETROIT (WWJ) – The state review team has declared that Detroit is in “severe financial stress”, but stopped short of recommending that Governor Rick Snyder appoint an emergency manager.
Because there is still not a consent agreement in place, state treasurer Andy Dillon states that negotiations with the city will resume.
“We will continue tomorrow morning & I would like to get the agreement wrapped up tomorrow so the review team could meet again Thursday and the council and the mayor could accept on Friday,” said Dillon live on WWJ.
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Governor Rick Snyder said earlier Monday that his office and the city were close to reaching a financial stability agreement. Monday was the deadline for the team to give Snyder a recommendation.
The appointment of an emergency manager would have been the most severe choice.
An emergency manager would have the power to dismiss the mayor and City Council and redo union contracts.
“I feel bad for the members of the review team, but especially those that are volunteering their time and are residents of the city . They don’t deserve to be heckled and abused like that , so it’s unfortunate, but it’s part of the process,” said Dillon, making reference to earlier shouts of protest during a state review meeting.