Detroit’s financial crisis
The state Treasurer’s Office says if a lawsuit challenging the validity of Detroit’s consent agreement with the state is not pulled back, the city stands to lose $80 million in revenue sharing.
Governor Rick Snyder will be meeting with city leaders in Detroit on Monday, which is deadline day for the city to agree on a solution to its financial problems.
Detroiters are organizing to fight back. That message Monday night at the Tabernacle Missionary Baptist Church, where the message was loud and clear. The city does NOT need a state-appointed emergency manager.
The Detroit City Council met Monday to discuss ways to avoid an emergency financial manager. That’s in the wake of Mayor Dave Bing’s plan to lay off 1,000 employees.