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Showing Original Post only (View all)Detroit emergency manager decision to be revealed by Gov. Rick Snyder Thursday [View all]
Source: Michigan Live
Detroit emergency manager decision to be revealed by Gov. Rick Snyder Thursday
By Khalil AlHajal | kalhajal@mlive.com
on March 13, 2013 at 9:30 PM, updated March 13, 2013 at 10:09 PM
DETROIT, MI -- After months of talks, proposals, financial reviews, confrontations and protests, Gov. Rick Snyder will announce his final decision on Detroit's financial emergency Thursday.
Snyder is widely expected to appoint lawyer Kevyn Orr to take over the city as emergency manager.
He also has the option of arranging a new consent agreement for a path to financial stability with the city, though it's not likely that's what he has planned for his 2 p.m. press conference Thursday.
An emergency manger would have the authority to strip elected officials of their powers and pay, sell city assets and void union contracts.
Read more: http://www.mlive.com/news/detroit/index.ssf/2013/03/detroit_emergency_manger_decis.html