Michigan Gov. Rick Snyder is on the hunt for an emergency manager to turn around Detroit’s financial crisis after declaring the city in a state of financial emergency last Friday. Should Snyder determine a city manager is necessary, which he is likely to do this month, his appointee will face long-term structural debt obligations estimated north of $14 billion, a short-term cash flow problem and pushback from Detroit City Council, the mayor’s office and citizen groups who object to the law allowing emergency managers to assert control.
Read more at https://www.huffingtonpost.com/2013/03/04/mitt-romney-detroit-emergency-manager_n_2806302.html?utm_hp_ref=detroit
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