WXYZ.com reports that City Council voted today on a resolution to challenge a possible takeover by the state. Detroit is a city in crisis, fighting to keep an Emergency Manager from stepping in and getting the city back on track. Earlier today, Detroit City council voted to challenge the possible takeover of the city by sending a letter announcing their intention to attend next Tuesday’s hearing in Lansing
The crisis in Detroit is out of control and long-term debt in on the path to reach $14.99 billion. The city is projected to have a cash deficit in excess of $100 million by June 30, 2013. The state is using these reasons to force the issue of an Emergency Manager takeover.
At the meeting next Tuesday in Lansing, the state will have 20 minutes to present its case laying the grounds for an Emergency Manager. The state is prepared to argue that there is a financial crisis in Detroit and there is not a good plan in place to remedy the situation.
After the state is finished with their presentation, city of Detroit representatives will have 20 minutes to refute the take over and lay out their plans for solvency. Each side will have 10 minutes for rebuttal.
The hearing is expected to last one hour.
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