Financial review team's report headed to Gov. Synder - New York News

Financial review team's report headed to Gov. Synder

Posted: Updated:
DETROIT (WJBK) -

The financial review team's report on Detroit's finances is complete and is headed to Gov. Rick Snyder. His staff members tell us he'll have the report in his hands by Tuesday.

In his recent State of the City address, Mayor Dave Bing said Detroit had no emergency manager "to date." But, that could soon change as the governor pours over the financial review team's report. Sources tell a local newspaper the report outlines massive debt and the city's inability to get out from under it. The team reportedly makes it clear they do not believe the mayor and city council can fix this on their own.

"I never want to get into emergency managers if I can help it," Gov. Snyder told a crowd last week at the MGM Grand. "But the city's finances need to get stabilized, they need to get resolved, and we need to move forward."

The governor also told us he has a "short list" of emergency manager candidates but he denied a state takeover is definite.

Detroit faces $12 billion in long term debt and pension liabilities. The review team spent weeks going over Detroit's books; it was the second emergency evaluation in less than a year. Once the governor receives the report he has 30 days to decide whether to appoint an emergency manager.

Stay with Fox 2 and myfoxdetroit.com for updates.

  • Local NewsLocal NewsMore>>

  • Baby found in teen's shopping bag called homicide

    Baby found in teen's shopping bag called homicide

    Wednesday, April 16 2014 8:47 PM EDT2014-04-17 00:47:23 GMT
    The New York City medical examiner has ruled that the death of a baby found in a teenager's shopping bag was a homicide.
    The New York City medical examiner has ruled that the death of a baby found in a teenager's shopping bag was a homicide.
  • Chelsea Clinton: I might run for office

    Chelsea Clinton: I might run for office

    Wednesday, April 16 2014 8:36 PM EDT2014-04-17 00:36:50 GMT
    Chelsea Clinton says she might run for office someday - if she becomes dissatisfied with the job her elected representatives are doing.
    Chelsea Clinton says she might run for office someday - if she becomes dissatisfied with the job her elected representatives are doing.
  • NJ mom charged with trying to kill her 3 teens

    NJ mom charged with trying to kill her 3 children

    Wednesday, April 16 2014 8:25 PM EDT2014-04-17 00:25:35 GMT
    A southern New Jersey woman is in custody on charges she tried to kill her three children by driving her car into the Delaware River.
    A southern New Jersey woman is in custody on charges she tried to kill her three children by driving her car into the Delaware River.
  • Local NewsLocal NewsMore>>

  • Former "Howard Stern Show" sidekick Artie Lange hospitalized in Royal Oak

    Former "Howard Stern Show" sidekick Artie Lange hospitalized in Royal Oak

    Wednesday, April 16 2014 9:36 PM EDT2014-04-17 01:36:56 GMT
    Former "Howard Stern Show" co-host Artie Lange is in town for an extended stay, but the circumstances are a little puzzling. Lange posted on his Twitter page this week he's been hospitalized "outside Detroit" after going into diabetic shock.
    Former "Howard Stern Show" co-host Artie Lange is in town for an extended stay, but the circumstances are a little puzzling. Lange posted on his Twitter page this week he's been hospitalized "outside Detroit" after going into diabetic shock.
  • Parents unhappy with how principal enforces junk food policy

    Parents unhappy with how principal enforces junk food policy

    Wednesday, April 16 2014 9:35 PM EDT2014-04-17 01:35:15 GMT
    Parents of students at T. Dale Cooke Elementary school in Detroit say the principal is enforcing students to eat healthy in the wrong way.
    Parents of students at T. Dale Cooke Elementary school in Detroit say the principal is enforcing students to eat healthy in the wrong way.
  • Freedom from Religion debate heats up at Warren City Hall

    Freedom from Religion debate heats up at Warren City Hall

    Wednesday, April 16 2014 7:12 PM EDT2014-04-16 23:12:16 GMT
    Is Freedom of Religion the same concept as Freedom from Religion? That's the debate one Warren resident is raising at City Hall.
    Is Freedom of Religion the same concept as Freedom from Religion? That's the debate one Warren resident is raising at City Hall.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices