financial crisis

Hamtramck Asks Governor To Send Emergency Manager

The City Council voted in favor of an emergency manager last week after Gov. Snyder declared a financial emergency. It will be Hamtramck’s second manager since 2001.

WWJ Newsradio 950–10 hours ago

Detroit’s Emergency Manager To Meet With Creditors

Creditors, bond holders and unions are meeting with Detroit’s state-appointed emergency manager Friday to hear his plan to keep the city out of Chapter 9 bankruptcy.

WWJ Newsradio 950–2013/06/14

Snyder To Appoint Team To Review Pontiac Schools

Gov. Rick Snyder will appoint a team to review the finances of the Pontiac Public Schools.

WWJ Newsradio 950–2013/06/08

Report: Detroit EM To Offer Creditors Pennies On The Dollar

Detroit’s emergency manager is hoping to avoid bankruptcy for the city by trying to settle debts with creditors for just pennies on the dollar.

WWJ Newsradio 950–2013/06/07

Detroit's Emergency Manager Kevyn Orr. (Credit: Vickie Thomas/WWJ Newsradio 950)

Kevyn Orr: Detroit Is In Worse Shape Than I Thought

Detroit’s emergency manager says the city is bleeding much more red ink than originally thought.

WWJ Newsradio 950–2013/05/08

State Tax Commission May Launch Detroit Probe

The State Tax Commission may launch an investigation into complaints that Detroit is overtaxing property owners through inflated assessments.

WWJ Newsradio 950–2013/04/03

Detroit Mayor Dave Bing (Bill Pugliano/Getty Images-File)

Dave Bing’s Legacy Clouded By Emergency Manager Threat

The 69-year-old mayor has been swept up in the vortex of despair that has come to symbolize much of Detroit during the past few years. To some, the city’s failings represent Bing’s failure in his third career choice.

WWJ Newsradio 950–2013/03/10

Detroit City Council Talks Appeal, Mayor Expects Emergency Financial Manager

Mayor Dave Bing and Detroit City Council are planning their next move ahead of Monday’s deadline to request a hearing in hopes of convincing Gov. Rick Snyder to change his mind that Detroit needs an emergency financial manager.

WWJ Newsradio 950–2013/03/06

Half Of Detroit Property Owners Didn’t Pay 2011 Taxes

Records show that nearly half of the owners of Detroit’s 305,000 properties failed to pay their tax bills last year, exacerbating the city’s financial crisis.

WWJ Newsradio 950–2013/02/21