Detroit's Financial Stability Board meets for the first time - FOX13 News, WHBQ FOX 13

Detroit's Financial Stability Board meets for the first time

Posted: Updated:
Members of Detroit's new Financial Advisory Board  (Credit: WJBK | myFOXDetroit.com) Members of Detroit's new Financial Advisory Board (Credit: WJBK | myFOXDetroit.com)
DETROIT (WJBK) -

Detroit's nine-member Financial Advisory Board is now sworn in and ready to take on the daunting task of turning the city around in the midst of a $260-million deficit.  Detroit Mayor Dave Bing thanked the board members and laid out the city's priorities.

"The number one issue on everybody's mind has been public safety.  The people are really concerned about the lack of lights in our city," he said.

Other issues include recreation centers, public transportation, vacant properties and so much more.

The group went into closed session for more than an hour to discuss the city's labor contracts, which expire June 30.

This whole process is required under the Financial Stability Agreement with the state, and the next three years, their goal is to reduce the city's long-term liabilities by $3-billion and eliminate the deficit.

"We don't have all the answers.  Maybe that's where you come in and really can be a support system to us," Bing said.

"If there is anything that is too difficult for us to tackle, then we're the wrong people," said board member Glenda Price.

"This is going to be very interesting.  I mean, this is going to be changing the culture of a government, the culture of a region, the culture of a city, and it's step up time for everybody," said former Detroit City Councilwoman Sheila Cockrel.

We didn't hear too many specifics on how they plan to get all of this done, but this was only the first meeting.  We're told the group plans to meet monthly and probably more, although the next meeting has not yet been set.

  • Robin SchwartzRobin SchwartzMore>>

  • Vandals damage historic Detroit cemetery

    Vandals damage historic Detroit cemetery

    Friday, July 25 2014 10:38 PM EDT2014-07-26 02:38:55 GMT
    Police are looking for suspects after vandals disturb the peace at a historic Detroit cemetery. Someone broke into a mausoleum and made a mess with spray paint and ashes.
    Police are looking for suspects after vandals disturb the peace at a historic Detroit cemetery. Someone broke into a mausoleum and made a mess with spray paint and ashes.
  • 33 suspects arrested with ties to Latin Counts street gang

    33 suspects arrested with ties to Latin Counts street gang

    Friday, July 25 2014 8:10 PM EDT2014-07-26 00:10:22 GMT
    Right now, nearly three dozen violent criminals are off the streets. The U.S. Attorney says they have ties to the Latin Counts gang in southwest Detroit. Their arrests are part of a joint effort called Detroit One.
    Right now, nearly three dozen violent criminals are off the streets. The U.S. Attorney says they have ties to the Latin Counts gang in southwest Detroit. Their arrests are part of a joint effort called Detroit One.
  • Handmade furniture from Detroit reclaimed lumber

    Handmade furniture from Detroit reclaimed lumber

    Wednesday, July 23 2014 4:18 PM EDT2014-07-23 20:18:32 GMT
    A new brand of furniture is made with wood from deconstructed Detroit homes. The tables are now being sold at Gardner White Furniture stores.
    A new brand of furniture is made with wood from deconstructed Detroit homes. The tables are now being sold at Gardner White Furniture stores.
  • Local NewsLocal NewsMore>>

  • Duggan bringing big changes to Detroit water department, starting with shutoffs

    Duggan bringing big changes to Detroit water department, starting with shutoffs

    Tuesday, July 29 2014 8:51 PM EDT2014-07-30 00:51:24 GMT
    Detroit Mayor Mike Duggan is promising big changes at the water department, starting with the controversial shutoffs."Certainly it has hurt the reputation of the city," Duggan said. "I have been anxious to do something about it for awhile and I am just glad I have a chance to do it,"Emergency Manager Kevyn Orr handed over the water department to the mayor and City Council TuesdayDuggan says better publicizing assitance programs is the biggest priority."I still don't think the people in need h...
    Detroit Mayor Mike Duggan is promising big changes at the water department, starting with the controversial shutoffs."Certainly it has hurt the reputation of the city," Duggan said. "I have been anxious to do something about it for awhile and I am just glad I have a chance to do it,"Emergency Manager Kevyn Orr handed over the water department to the mayor and City Council TuesdayDuggan says better publicizing assitance programs is the biggest priority."I still don't think the people in need h...
  • Construction worker rescued from massive trench collapse

    Construction worker rescued from massive trench collapse

    Tuesday, July 29 2014 8:49 PM EDT2014-07-30 00:49:25 GMT
    Construction workers endured some terrifying minutes in a trench they were working at in West Bloomfield Tuesday afternoon."He was completely buried for upwards of three minutes," said Fire Chief Jay Wiseman.Employees of Daniel White Excavating were laying pipe in a trench -- about 100 feet long and 10 feet deep -- when suddenly , the dirt walls began collapsing on a 39-year-old co-worker and covered him."He actually started moving away from it, and an identical collapse occurred just in fron...
    Construction workers endured some terrifying minutes in a trench they were working at in West Bloomfield Tuesday afternoon."He was completely buried for upwards of three minutes," said Fire Chief Jay Wiseman.Employees of Daniel White Excavating were laying pipe in a trench -- about 100 feet long and 10 feet deep -- when suddenly , the dirt walls began collapsing on a 39-year-old co-worker and covered him."He actually started moving away from it, and an identical collapse occurred just in fron...
  • Michigan girl mauled by raccoon receives wave of support

    Michigan girl mauled by raccoon receives wave of support

    Tuesday, July 29 2014 8:26 PM EDT2014-07-30 00:26:29 GMT
    She told us all she wanted was to wear earrings -- and now she's got a lot of options. We'll show you how Charlotte is healing after surgery to replace her ear... and how you've made a difference. Her story includes a tragic accident, but also a tremendous outpouring of support. The 12-year-old girl from western Michigan who was attacked by a raccoon, shows us how the generosity of others is helping her heal. "This is all the jewelry people sent me," she said. Dozens of pairs of earrings and ...
    She told us all she wanted was to wear earrings -- and now she's got a lot of options. We'll show you how Charlotte is healing after surgery to replace her ear... and how you've made a difference. Her story includes a tragic accident, but also a tremendous outpouring of support. The 12-year-old girl from western Michigan who was attacked by a raccoon, shows us how the generosity of others is helping her heal. "This is all the jewelry people sent me," she said. Dozens of pairs of earrings and ...
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices