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Snyder Makes Appointment To Detroit Advisory Board

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DETROIT (WWJ/AP) – A member of the team that declared a financial emergency in Detroit has been named to a panel tasked with helping the city pull through its fiscal crisis.

Gov. Rick Snyder on Thursday appointed Glenda Price to Detroit’s nine-member Financial Advisory Board. The members will monitor Detroit’s budget and fiscal turnaround.

Price is one of Snyder’s two picks for the board, which is called for under a consent agreement between the city and state. That agreement headed off the appointment of an emergency manager.

Price was on a financial review team which signed off on the consent agreement.
She’s an ex-president of Marygrove College in Detroit and ex-provost at Atlanta’s Spelman College. Price also is on several corporate and civil boards.

Three other board members were appointed last month.

Meantime, there’s been a delay in appointing a program manager to oversee the consent agreement.

Detroit Mayor Dave Bing said the state’s vetting process continues and both sides have agreed to extend the deadline, which was Thursday.

The program manager will implement reforms required in the consent deal.

(TM and © Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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