Detroit Needs State Manager to End Fiscal Crisis, Governor Says
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Michigan Governor Rick Snyder plans to put a state manager in charge of ending Detroit’s fiscal crisis, stripping power from officials of a withered city that in 1940 was the nation’s fourth biggest and a seat of industry.
Snyder, 54, took a step he avoided a year ago, empowering an emergency financial manager who can sweep aside union contracts, sell municipal assets, restructure services and reorder finances. He announced the move yesterday at a public meeting in Detroit.