DETROIT (AP) — The fiscal crisis plaguing Detroit is now in the hands of Michigan's governor after a state-appointed review team determined the city was in a financial emergency with "no satisfactory plan" to resolve it.
Republican Gov. Rick Snyder has 30 days to decide if Detroit needsan emergency manager to take charge of its finances and spending, and come up with a new plan to get the city out of its financial mess.
After spending weeks looking at the city's books, the independent review team released a report Tuesday saying Detroit's deficit could have reached $900 million last fiscal year had it not borrowed enormous amounts of money. The city's long-term liabilities, including underfunded pensions, are more than $14 billion.
The report also said the city's bureaucratic structure makes it difficult to solve the financial problems.
Former Detroit Mayor Kwame Kilpatrick was found guilty of multiple counts of racketeering and extortion, a jury decided Monday. Kilpatrick was convicted of 24 charges, including racketeering, extortion, attempted extortion, bribery, mail fraud, wire fraud and filing false tax returns. Both Kilpatrick and contractor Bobby Ferguson were found guilty on most counts. Kilpatrick's 71-year-old father, Bernard Kilpatrick, was only found guilty of one tax count.
Unfortunately, that is not new for Detroit. City Council President Monica Conyers just got done doing 27 months for selling her vote.^at least Illinois isn't the only state with politicians in jail...
Oh, I see that working really well attracting bidness to Detroit."My gut feeling is that taxes are going to have to be raised at some time," possibly a temporary surcharge on businesses to keep the city afloat, McTevia added.
He is definitely not a tea party republican, he is a business party republican.
In a place like Singapore, I doubt Detroit would be allowed to happen. The Prime Minister there would have demolished and downsized the city already...but here, it's all talk, little action from the government. Something like Detroit, a national embarassment, ought to be handled at Federal level and fixed. The fixes are staring us in the face, but nobody seems to be able to get it done.
^that darn pesky mineral...causes so much trouble.
And there's no problem as long as you don't sniff it.^that darn pesky mineral...causes so much trouble.
But it is so darn useful!
And there's no problem as long as you don't sniff it.^that darn pesky mineral...causes so much trouble.
But it is so darn useful!
And there's no problem as long as you don't sniff it.^that darn pesky mineral...causes so much trouble.
But it is so darn useful!
Shingles made of that stuff last a looooooong time, too. And do a good job of not letting the heat in.
They were popular in the south (along with metal roofs).
And there's no problem as long as you don't sniff it.^that darn pesky mineral...causes so much trouble.
But it is so darn useful!
Shingles made of that stuff last a looooooong time, too. And do a good job of not letting the heat in.
They were popular in the south (along with metal roofs).
My house has 80+ year old asbestos shingle siding. Not a bad product. Our house doesn't have insulation in the walls and the summer heat influx isn't all that bad.
Enter your email address to join: