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.

  • Robin SchwartzRobin SchwartzMore>>

  • Detroit Police's 'Green Machine 40' stages crackdown of suspected drug houses

    Detroit Police's 'Green Machine 40' stages crackdown of suspected drug houses

    Thursday, July 31 2014 8:34 PM EDT2014-08-01 00:34:02 GMT
    Heavily armed members of the Detroit Police Special Response Team move in -- swarming this house on Tacoma with the state police helicopter overhead.This residence is believed to be a drug house where people were selling cocaine. No evidence and no arrests were found this time, but Detroit Police Chief James Craig says the message is loud and clear"We'll come back to this location and we'll send the owner a nice note and if we have to come back again we'll take it," said Craig. Elsewhere ther...
    Heavily armed members of the Detroit Police Special Response Team move in -- swarming this house on Tacoma with the state police helicopter overhead.This residence is believed to be a drug house where people were selling cocaine. No evidence and no arrests were found this time, but Detroit Police Chief James Craig says the message is loud and clear"We'll come back to this location and we'll send the owner a nice note and if we have to come back again we'll take it," said Craig. Elsewhere ther...
  • Vandals damage historic Detroit cemetery

    Vandals damage historic Detroit cemetery

    Friday, July 25 2014 10:38 PM EDT2014-07-26 02:38:55 GMT
    Police are looking for suspects after vandals disturb the peace at a historic Detroit cemetery. Someone broke into a mausoleum and made a mess with spray paint and ashes.
    Police are looking for suspects after vandals disturb the peace at a historic Detroit cemetery. Someone broke into a mausoleum and made a mess with spray paint and ashes.
  • 33 suspects arrested with ties to Latin Counts street gang

    33 suspects arrested with ties to Latin Counts street gang

    Friday, July 25 2014 8:10 PM EDT2014-07-26 00:10:22 GMT
    Right now, nearly three dozen violent criminals are off the streets. The U.S. Attorney says they have ties to the Latin Counts gang in southwest Detroit. Their arrests are part of a joint effort called Detroit One.
    Right now, nearly three dozen violent criminals are off the streets. The U.S. Attorney says they have ties to the Latin Counts gang in southwest Detroit. Their arrests are part of a joint effort called Detroit One.
  • Local NewsLocal NewsMore>>

  • Massive emergency drill in New York City

    Massive emergency drill in New York City

    Friday, August 1 2014 7:59 AM EDT2014-08-01 11:59:11 GMT
    The New York City Department of Health will be conducting a massive emergency preparedness drill at 30 facilities across the city on Friday.  They are testing the delivery of emergency medications in the event of a biological attack, such as anthrax, on the city.
    The New York City Department of Health will be conducting a massive emergency preparedness drill at 30 facilities across the city on Friday.  They are testing the delivery of emergency medications in the event of a biological attack, such as anthrax, on the city.
  • Woman claims mayor exposed himself to her

    Woman claims mayor exposed himself to her

    Friday, August 1 2014 7:19 AM EDT2014-08-01 11:19:37 GMT
    An administrative assistant at East Haven Town hall has filed a complaint against the mayor, alleging he exposed himself to her as part of a pattern of sexual harassment.
    An administrative assistant at East Haven Town hall has filed a complaint against the mayor, alleging he exposed himself to her as part of a pattern of sexual harassment.
  • Shooting at NJ Transit station

    Shooting at NJ Transit station

    Friday, August 1 2014 6:36 AM EDT2014-08-01 10:36:28 GMT
    Police were investigating a shooting at the NJ Transit train station in Elizabeth, N.J. on Friday morning.  It apparently happened around 4:30 a.m. The victim was shot in the leg in an apparent robbery.
    Police were investigating a shooting at the NJ Transit train station in Elizabeth, N.J. on Friday morning.  It apparently happened around 4:30 a.m. The victim was shot in the leg in an apparent robbery.
  • Local NewsLocal NewsMore>>

  • Murder hearing for couple whose dogs killed runner

    Murder hearing for couple whose dogs killed runner

    Friday, August 1 2014 7:19 AM EDT2014-08-01 11:19:29 GMT
     A couple whose two dogs fatally mauled a 46-year-old jogger have been charged with second-degree murder.
     A couple whose two dogs fatally mauled a 46-year-old jogger have been charged with second-degree murder.
  • Migrant teens from Central America to be housed in Farmington Hills

    Migrant teens from Central America to be housed in Farmington Hills

    Friday, August 1 2014 12:10 AM EDT2014-08-01 04:10:56 GMT
    Illegal immigrant teens from Central America to be housed in Farmington HillsTwenty-four illegal immigrant teens from Central America will soon be housed at Wellspring Lutheran Services in Farmington Hills, which has secured a federal contract. The immigration issue is a major one, and what seemed far, far away is now coming closer and closer to home."We've been watching this for six, eight weeks now, now it's Michigan," said William Largent, president and CEO of Meskwaki. the business arm of...
    Illegal immigrant teens from Central America to be housed in Farmington HillsTwenty-four illegal immigrant teens from Central America will soon be housed at Wellspring Lutheran Services in Farmington Hills, which has secured a federal contract. The immigration issue is a major one, and what seemed far, far away is now coming closer and closer to home."We've been watching this for six, eight weeks now, now it's Michigan," said William Largent, president and CEO of Meskwaki. the business arm of...
  • VIDEO: Witness says man roughed up by Clinton Township police, hospital security

    VIDEO: Witness says man roughed up by Clinton Township police, hospital security

    Thursday, July 31 2014 11:25 PM EDT2014-08-01 03:25:38 GMT
    In a video spreading across social media, a Michigan man says police and hospital security roughed up a man.
    In a video spreading across social media, a Michigan man says police and hospital security roughed up a man.
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