Michigan Governor Declares Financial Emergency In Detroit | WAMU 88.5 - American University Radio

NPR : News

Michigan Governor Declares Financial Emergency In Detroit

Saying it was a "sad day," Michigan Gov. Rick Snyder declared a financial emergency in the city of Detroit. He said that while it would not be appropriate to appoint an emergency manager, now, he would think about doing so after March 12. That's the day set aside for a hearing, if the city appeals his decision.

"I do have a top candidate," Snyder said during a press conference.

The Detroit Free Press explains:

"The decision means Motown will soon have a new boss in charge of restructuring Detroit's dire financial mess, likely to include drastic cuts in public services and a top-down rethinking of the type of government a shrunken city with a dwindling tax base can afford.

"In many ways those questions have been nipping at Detroit for decades, but the issues came to a head over the last 18 months as increasingly dour economic forecasts found a city unable to address fundamental questions about its debt.

"'I look at today as a day as a sad day, a day I wish had never happened in the history of Detroit, but also a day of optimism and promise,' Snyder said."

The AP reports that Detroit is facing a $327 million budget deficit and "more than $14 billion in long-term debt."

"Emergency managers have the power under state law to develop financial plans, renegotiate labor contracts, revise and approve budgets to help control spending, sell off city assets not restricted by charter and suspend the salaries of elected officials," the AP adds.

Update at 12:40 p.m. ET. Snyder's Statement:

In a video statement released by Snyder's office, the governor says the biggest reason Detroit finds itself in such trouble is because of the massive population loss.

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

NPR

MacArthur Fellow Terrance Hayes: Poems Are Music, Language Our Instrument

Hayes, a professor of writing at the University of Pittsburgh, was recognized for "reflecting on race, gender, and family in works that seamlessly encompass both the historical and the personal."
NPR

Diet Soda May Alter Our Gut Microbes And The Risk Of Diabetes

There's a new wrinkle to the old debate over diet soda: Artificial sweeteners may alter our microbiomes. And for some, this may raise blood sugar levels and set the stage for diabetes.
NPR

House Passes Bill That Authorizes Arming Syrian Rebels

Even though it was backed by both party leaders, the vote split politicians within their own ranks. The final tally on the narrow military measure was 273 to 156.
NPR

3.7 Million Comments Later, Here's Where Net Neutrality Stands

A proposal about how to maintain unfettered access to Internet content drew a bigger public response than any single issue in the Federal Communication Commission's history. What's next?

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.