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Detroit Mayor Bing’s reaction to the state financial review team report

City of Detroit flag

Detroit Mayor Dave Bing has been reacting to the report by the Financial Review Team.

This statement was released by the Mayor’s office on Tuesday, February 19 in light of the Fiscal Review Team report on Detroit’s finances.

“Certainly I am not surprised by the findings of the State’s financial review team. My Administration has been saying for the past four years that the City is under financial stress.

Mayor Dave BingIf the Governor decides to appoint an Emergency Financial Manager, he or she, like my Administration, is going to need resources — particularly in the form of cash and additional staff.

As I have said before, my Administration will stay focused on the initiatives that most directly impact the citizens of Detroit: public safety, public lighting, transportation, recreation and neighborhood blight removal.”

Update: This “Clarification of Financial Review Team Assertion That City Has No Plan” was released today (2/20)

“Yesterday, the Financial Review Team asserted that there was no plan in place to correct the City’s financial emergency. To the contrary, my administration has worked diligently to develop and implement a restructuring plan for the City of Detroit. In fact, our plan was reviewed and accepted by all stakeholders, including the State and the Financial Advisory Board. We have the plan, but we face significant challenges executing it in a timely manner. We are hindered by several factors, including the City Charter, labor agreements, litigation, governmental structure, and a scarcity of financial and human resources. Further exploration of ways to mitigate these barriers for more timely implementation of my initiatives should be examined.”

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