Governor Rick Snyder will receive a report on Detroit's finances from the state's financial review team on Tuesday and it will likely paint a grim picture of the city's massive debt.
It will also detail the failed attempts by the city council and the mayor to deal with the crisis. Tuesday is not a decision day but rather a delivery day. Fox 2 Political Analyst Tim Skubick explains the document will say Detroit on its own can't solve its financial problems. "This governor is very methodical. He is not going to willy-nilly pull the trigger on anything," Skubick said.
There are three options. If the team says there is an emergency then the governor can appoint a financial manager. The city also can file for bankruptcy. That's not a favored choice by the city or the state Skubick reports. Or the consent agreement that is still fresh from this Spring can be renegotiated. That ship may have sailed.
"The Consent Agreement was agreed to last April, but never fully implemented. That's a source of frustration because the governor thought that was a way out of this problem to avoid an Emergency Manager" Skubick said.
The report is expected to hit Lansing today, but keep in mind the review team does have the option to ask for an extension. A governor's spokesperson says that while the governor will likely get the report today, he has 30 days to act on a recommendation. A decision is likely to happen rather quickly, possibly within a week.
Monday, May 20 2013 4:30 PM EDT2013-05-20 20:30:04 GMT
The National Weather Service has issued a SEVERE THUNDERSTORM WATCH for all of Southeast Michigan except Lenawee and Monroe counties until 8:00 p.m. Monday as temperatures soar into the upper 80s.
The National Weather Service has issued a SEVERE THUNDERSTORM WATCH for all of Southeast Michigan except Lenawee and Monroe counties until 8:00 p.m. Monday as temperatures soar into the upper 80s.
Monday, May 20 2013 3:26 PM EDT2013-05-20 19:26:50 GMT
It was supposed to be their big night, but prom turned into a big headache for teens from a local high school. Police showed up to crack down on an unauthorized limo service.
It was supposed to be their big night, but prom turned into a big headache for teens from a local high school. Police showed up to crack down on an unauthorized limo service.
Monday, May 20 2013 11:42 AM EDT2013-05-20 15:42:57 GMT
Perfect weather for a wonderful cause on Saturday in downtown Detroit and some Fox 2 viewers shared a few photos with us to help capture the day. Take a look and add your photos.
Perfect weather for a wonderful cause on Saturday in downtown Detroit and some Fox 2 viewers shared a few photos with us to help capture the day. Take a look and add your photos.
Monday, May 20 2013 8:24 AM EDT2013-05-20 12:24:48 GMT
The Detroit Red Wings look to go up 2-1 in their second-round series tonight when they face the top-seeded Chicago Blackhawks at Joe Louis Arena. The Red Wings evened the series at 1-all with a 4-1 victory on Saturday.
The Detroit Red Wings look to go up 2-1 in their second-round series tonight when they face the top-seeded Chicago Blackhawks at Joe Louis Arena. The Red Wings evened the series at 1-all with a 4-1 victory on Saturday.
(Credit: WJBK|myFOXDetroit.com)
