Financial review team's report headed to Gov. Synder - FOX13 News, WHBQ FOX 13

Financial review team's report headed to Gov. Synder

Posted: Updated:
DETROIT (WJBK) -

The financial review team's report on Detroit's finances is complete and is headed to Gov. Rick Snyder. His staff members tell us he'll have the report in his hands by Tuesday.

In his recent State of the City address, Mayor Dave Bing said Detroit had no emergency manager "to date." But, that could soon change as the governor pours over the financial review team's report. Sources tell a local newspaper the report outlines massive debt and the city's inability to get out from under it. The team reportedly makes it clear they do not believe the mayor and city council can fix this on their own.

"I never want to get into emergency managers if I can help it," Gov. Snyder told a crowd last week at the MGM Grand. "But the city's finances need to get stabilized, they need to get resolved, and we need to move forward."

The governor also told us he has a "short list" of emergency manager candidates but he denied a state takeover is definite.

Detroit faces $12 billion in long term debt and pension liabilities. The review team spent weeks going over Detroit's books; it was the second emergency evaluation in less than a year. Once the governor receives the report he has 30 days to decide whether to appoint an emergency manager.

Stay with Fox 2 and myfoxdetroit.com for updates.

  • Robin SchwartzRobin SchwartzMore>>

  • 2 men killed after one sets the other on fire

    2 men killed after one sets the other on fire

    Friday, September 12 2014 8:47 PM EDT2014-09-13 00:47:07 GMT
    Detroit Police tell us that two men were killed Friday morning at a home on Springwells street in southwest Detroit after an apparent domestic turned deadly.
    Detroit Police tell us that two men were killed Friday morning at a home on Springwells street in southwest Detroit after an apparent domestic turned deadly.
  • Woman killed in shooting in Inkster

    Woman killed in shooting in Inkster

    Friday, September 12 2014 8:22 PM EDT2014-09-13 00:22:50 GMT
    Police in Inkster are investigating a shooting that has left a 26-year-old woman dead tonight.
    Police in Inkster are investigating a shooting that has left a 26-year-old woman dead tonight.
  • Imposter officers tie up victims, steal vehicle

    Imposter officers tie up victims, steal vehicle

    Tuesday, September 9 2014 3:06 AM EDT2014-09-09 07:06:27 GMT
    Detroit Police responded to an armed robbery call Monday morning to a home on Strathmoor street in Detroit. Upon arrival, police found 6 people who had just been tied up and robbed by suspects claiming to be Detroit Police Officers.
    Detroit Police responded to an armed robbery call Monday morning to a home on Strathmoor street in Detroit. Upon arrival, police found 6 people who had just been tied up and robbed by suspects claiming to be Detroit Police Officers.
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 | New Terms of Service What's new | Ad Choices