Excerpt
SUMMARY: Gov. Rick Snyder of Michigan declared a state of fiscal emergency for Detroit, which is facing a deficit of more than $300 million and a possible state takeover. To learn more about this move and why it has been years in the making, Judy Woodruff talks with Christy MacDonald from Detroit Public Television.
JUDY WOODRUFF (Newshour): And it turns out local governments in the U.S. are facing their own budget woes. One in especially big trouble is Detroit.
The city faces a budget deficit of more than $300 million dollars, and has lost a quarter-million residents in the past decade. Today, Michigan's governor, Rick Snyder, announced plans to appoint an emergency manager to oversee the city's finances and operations. That would make it the largest U.S. city under state control.
Snyder spoke at a community forum today.
GOV. RICK SNYDER, R-Mich.: It's time to say we should stop going downhill. It is time to say we need to start moving upward with the city of Detroit.
There have been many good people that have had many plans, many attempts to turn this around. They haven't worked. The way I view it, today is a day to call all hands on deck, to say there's been too much fighting, too much blame, not enough resources, not enough people working together, to say, let's resolve these issues.
JUDY WOODRUFF: Detroit's mayor, Dave Bing, said in a statement that he remains opposed to the move, but would look at all options.
MSNBC 3/1/2013
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