January 8, 2013
Detroit mayor: Takeover decision could come Friday
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DETROIT -- A review team scrutinizing Detroit's poor finances could make a recommendation this week that will help determine whether there's a state takeover of the city, Mayor Dave Bing said Tuesday.

Snyder appointed the team last month after Detroit was slow to fulfill promises to the state in a deal that allowed the city to avoid having an emergency manager take over its finances.

If the team determines Detroit is in a financial emergency, Republican Gov. Rick Snyder could appoint an emergency manager. Bing would have 10 days to appeal.

"I think the review team -- maybe on the 11th or so -- will go back to the governor with a recommendation," Bing told reporters Tuesday afternoon at City Hall. "With that recommendation it will be incumbent upon the governor to make a decision as to whether or not to bring somebody else in or to let us keep going forward.

"Our goal is to keep going forward. I've said from the very beginning, we didn't want an emergency manager."

Detroit has struggled with its cash flow for more than a year and has a budget deficit of about $327 million.

After a bill signing Tuesday, Snyder told reporters in Lansing that his administration is talking with potential emergency manager candidates for Detroit in case one is needed.

"That does not mean we're going to have an emergency manager," he said.

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