Governor to announce EFM decision tomorrow; State takeover of Detroit possible
From WXYZ -During a town hall event Friday afternoon in Detroit, Michigan Governor Rick Snyder declared a financial emergency for the city.
The governor stated that he had reviewed a Financial Review Team report and agreed with their conclusion that there is a fiscal emergency in the city that would likely lead to an emergency financial manager.
“I look at today as both a sad day, a day that I wish would never have happened in the history of the city, but also a day of optimism and promise,” said Snyder.
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