Governor Snyder Announces State Take Over of Motor City.

Michigan Governor Rick Snyder today announced that he will appoint an emergency financial manager to the city of Detroit during a meeting in the Maccabees Building on the campus of Wayne State University Friday March 1, 2013.

During a town hall style meeting filled with community and business leaders, students, clergy and members of the press – all hand-picked by the governor and his staff – the governor stressed that ‘Detroit Can’t Wait’ and called for unity to rebuild the city. The city will now have 10 days to appeal the decision.

Michigan voters struck down an Emergency Financial Manager law in the November 2012 election but legislators passed a revamped version of the law during the lame-duck session in the last days of 2012. There are currently four cities and three school districts in the state of Michigan that have been appointed Emergency Financial Managers.