Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg News

Michigan Governor Snyder Open to Counterproposal on Detroit

March 15, 2012

Governor Rick Snyder said he is willing to hear a counterproposal that would avert a state takeover of Detroit (9845MF), Michigan’s largest city.

Snyder, a Republican, on March 13 announced plans for a nine-member advisory board that would help devise ways to erase a municipal deficit approaching $270 million. Democratic Mayor Dave Bing and some City Council members rejected that move, saying it disenfranchised citizens. They will draw up their own plan, Bing’s office said in a statement today.

Snyder told reporters in Lansing today that any agreement should include an advisory board in charge of city finances.

“I’m open-minded to feedback on how it works,” he said. “It could be a very helpful role. It doesn’t have to be an adversarial role.”

Under Snyder’s original plan, the state would delay a declaration of financial emergency and the advisory board would assume control of Detroit’s finances, including the power to appoint the city’s chief operating and chief financial officers.

To contact the reporter on this story: Chris Christoff in Lansing at

To contact the editor responsible for this story: Mark Tannenbaum at

blog comments powered by Disqus