Financial Advisory Board
The shape of Detroit’s financial future and city leadership could be determined in the week ahead.
Projections show Detroit’s cash on hand dropping as low as $3.6 million by Dec. 21. It stood at $53 million on Friday.
A financial advisory board for Detroit is warning that the city could be broke in a few months unless Mayor Dave Bing moves faster and more aggressively to restructure city services.
The president of an investment firm and the chief financial officer of a retiree benefits trust have been named to Detroit’s 9-member financial advisory board.
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.
A certified public accountant and bank executive have been named to Detroit’s financial advisory board as part of a consent agreement between the city and Gov. Rick Snyder.
Council President Pro Tem Gary Brown is encouraging his colleagues to pick former Ford Motor Company Vice President Ronald Goldsberry as one of the two council appointments to the nine member board.
Detroit’s mayor says he’s anxious to get back to work, as city and state leaders begin to put together that special financial advisory board for the city.
Gov. Rick Snyder, Treasurer Andy Dillon and Detroit Mayor Dave Bing on Wednesday named the first three appointees to Detroit’s Financial Advisory Board.