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Tuesday, January 10, 2012

Detroit City Council to meet in 1st formal session after holiday; to avoid Emergency Manager appointment

Photo Credit-Google Images
Detroit City Council, pictured above at
a swearing in ceremony, met at the 1st
formal session on 1.10 working on city
budgetary issues, to avoid Emergency
Manager appointment. 
After returning from a extended holiday break, the Detroit City Council returns back into a formal session on December 10th to tackle a financial crisis and, prevent the city from being taken over by an Emergency Manager under Public Act #4.

On December 28th, Michigan Gov. Rick Snyder (R) appointed what is called a 'Financial Review Team' (F.R.T.) after a recent preliminary review found that there was "probable financial stress" in Michigan's largest city.

A fiscal findings report is due to Gov. Snyder and state Treasurer Andy Dillion -who was appointed to the F.R.T.- 60 days after the appointment. The F.R.T. can be expedited earlier than the 60 days, if necessary.

A recent F.R.T. appointed to Flint, Michigan on September 30, 2011 reported their findings to Gov. Snyder in 38 days. The 'Team' met four documented sessions in October and one in November 2011 before recommending that a Emergency Manager be appointed to the city. Gov. Snyder appointed formal intern city Mayor Mike Brown to be Flint's Emergency Manager on December 1.

Mayor Dave Bing's recent financial plan announcement. On January 6th, Detroit Mayor Dave Bing gave an updated restructuring plan and discussed the city's finances with Council.

In the plans, Bing's efforts to eliminate city of Detroit reported $45 million dollar deficit included issuing 1,000 layoff notices to city workers, privatization of the DDOT bus system under a new management company, adding a 1% increase in the corporate business tax beginning February, receiving $5 million dollars in payments from Detroit Public Schools by January 31st and unionized concessions.

A preliminary review of Detroit's finances by the State of Michigan showed the city faces a nearly $200 million general fund deficit for 2011. Members of Detroit City Council has expressed doubt that Bing's plans are deep enough to fix Detroit fiscal woes.

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