Detroit's state-appointed financial review team met today, and adjourned without making a recommendation to Governor Rick Snyder. There were dozens of raucous protestors at the meeting.
Snyder held a press conference before it started, saying he hopes to reach an agreement this week to eliminate the city's deficit.
Snyder is backing away from the term "consent agreement" as he recognizes that his original proposal was unpopular with Detroit city officials. He says he now prefers a "financial stability agreement" crafted with city officials - that would still meet all of the legal expectations under the emergency manager law. Whatever the agreement is called, Governor Snyder says it's time to move forward.
"A lot of time has passed since we all knew Detroit was going to have financial issues," he said. "And I think that says why we need to get to an agreement - a financial stability agreement - where we can all move forward, and implement positive actions that will create greater stability."
The governor says there are three issues the state and city have to focus on.
"One is, is to get the city finances to be stable, and moving in a positive direction. The second one is we need to do a better job of basic services to the citizens - public safety, lighting, transit. The third thing is we need to grow the city. The long term answer to Detroit's issues is a growing Detroit," he says.
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