Listen Live on  
 

102.7 JACK-FM

Playing What We Want for Baltimore
 
 

Michigan Gov Declares 'Financial Emergency' in Detroit

 
Michigan Gov Declares 'Financial Emergency' in Detroit
Posted March 1st, 2013 @ 12:33pm

Michigan's governor is declaring a state of financial emergency in Detroit.  Governor Rick Snyder will appoint an emergency manager to address a 327-million dollar deficit.  The city also owes roughly 14-billion dollars in retiree pension, health benefits and long-term bond debt.  Snyder's office published a brochure defending state intervention as a way to efficiently reform finances in the cash-strapped city. 

Recommended Stories

More from 102.7 JACK-FM

*