DETROIT (AP) - The City Council has received a draft of Mayor Dave Bing's counter-proposal to a state-authored consent agreement involving Detroit's poor finances.
Bing says Monday in a release that a draft of the Financial Stability Agreement was sent Sunday to the nine council members.
The draft was prepared with input from the mayor's staff and council staff.
Bing said the counter-proposal "is designed to provide a reliable roadmap for the city and state to collaborate in resolving the city's short-term cash flow challenges and long-term structural changes."
Bing and council members said the agreement proposed last week by Gov. Rick Snyder gives a nine-member financial advisory board whose members would be appointed by state and city officials too much authority over the decisions made by the elected mayor and City Council.