The takeover is short of a formal bankruptcy, but it will include appointing an emergency manager who would have many of the same powers as a bankruptcy judge. It could mean throwing out contracts with public employee unions and vendors that the city can't afford, and could lead to further cutbacks in already depleted city services.
Detroit has 10 days to appeal Snyder's decision that there is a financial emergency in the city. Snyder said he has a "top candidate" for the manager post, but that he won't announce it until after the appeals period has passed.
Snyder, a Republican, insisted the emergency manager is the best way to deal with the problems facing the city's operations.
"The current system has not been working. We have not stopped the decline," he said. "This is time for us not to argue or to blame, but to come together as Detroit, Mich., not Detroit vs. Michigan, and bring all of our resources to bear."
- See more at: State set to takeover Detroit city government - Mar. 1, 2013
State set to takeover Detroit city government - Mar. 1, 2013
I mean, it's not like anyone was shocked it came to this. I think were more shocked that it took this long and had to get this bad before the state stepped in to fix it.
Oh, a word to DFD: Become a combination department. Trust me, it isn't that bad.
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