State Ready To Take Over Detroit Finances

December 5, 2012

State officials say Detroit is burning through cash so quickly that there is little option other than to appoint an emergency financial manager over the city. State Treasurer Andy Dillon delivered the news to Detroit Mayor Dave Bing and members of the Detroit City Council. WDET’s Quinn Klinefelter spoke with Council President Pro Tem Gary Brown, who says the state could appoint the emergency financial manager very soon…