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Detroit mayor won’t fight fiscal takeover

DETROIT — Mayor Dave Bing acknowledged Wednesday that an emergency manager will be appointed to oversee Detroit’s finances and said he won’t participate in the city’s appeal of a report criticizing local officials for their handling of the economic mess.

The City Council approved a resolution authorizing an appeal of Governor Rick Snyder’s finding that an outside overseer is warranted because Detroit is in a financial emergency with no good plan to get out of it.

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Bing, who had the option of either joining that appeal or filing his own, told reporters that he sees no way of avoiding an emergency manager, even though he opposes it.

Emergency managers have the power to develop financial plans, renegotiate labor contracts, revise budgets to help control spending, sell off some city assets, and suspend elected officials’ salaries.

Associated Press

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