Tagged: Dave Bing

Governor Snyder will lay out details of a proposed consent agreement to members of the Detroit City Council on Tuesday.

Snyder and State Treasurer Andy Dillon, who leads the state review team looking at Detroit’s finances, have suggested a consent agreement for weeks.

That measure could give the city’s elected officials broad powers similar to those of an emergency manager.

Update 7:15 a.m.:

Bing spokeswoman Naomi Patton said in an email to The Associated Press on Friday morning that the mayor has no such specific plans, however, to seek the help from Republican Gov. Rick Snyder.

Original post:

Detroit Mayor Dave Bing plans to ask the state of Michigan for a $125 million to $150 million loan to shore up Detroit's finances and avoid a state-appointed emergency manager.

Bing's plans to seek the help from Republican Gov. Rick Snyder were reported Thursday evening by The Wall Street Journal following an interview with the Democratic mayor.

The Detroit News reported Friday that Bing's office confirmed the plans. Bing spokeswoman Naomi Patton tells the newspaper a request hasn't yet been formally made to Snyder.

The Associated Press sent emails Friday morning seeking comment from Patton and the governor's office.

Detroit faces cash flow problems and a nearly $200 million budget deficit. Bing and Snyder have said they would prefer to avoid an emergency manager. A consent agreement is a possibility.

Detroit Mayor Dave Bing says the city is “at a critical and pivotal time like none in Detroit’s history."

But during his third annual State of the City address, Bing gave few details about how he’ll deal with the city’s most immediate threat: running out of cash.

Bing said both he and Governor Snyder “agree that an emergency manager is not the best option” for Detroit.

Mayor Dave Bing will deliver his third State of the City address as he, the City Council and union leaders seek fiscal answers to keep the state from appointing an emergency manager.

He's giving the speech at 7 p.m. Wednesday in the Erma Henderson Auditorium at City Hall.

In prior years, the event was held at the Max Fisher Music Center. The move to City Hall is designed to save money. A preliminary review from the state showed a nearly $200 million general fund deficit for 2011.

Municipal unions have yet to ratify concessions aimed at cutting into the deficit.

A review team is looking over the city's books to determine if a financial emergency exists, a step that could lead to Gov. Rick Snyder appointing an emergency manager.

Mayor Dave Bing is pleading with Detroiters to “stop the madness” after another violent weekend in the city.

Bing’s plea comes after a shooting on the city’s east side left a six-year-old boy critically injured.

Detroit Police have arrested a pair of 15-year-olds in the case. Chief Ralph Godbee says the two were on a carjacking spree when the shooting happened.