Mayor Bing's Clarification of Financial Review Team Assertion That City Has No Plan
2/20/2013 - Detroit Mayor Dave Bing made the following statement today:
“Yesterday, the Financial Review Team asserted that there was no plan in place to correct the City’s financial emergency. To the contrary, my administration has worked diligently to develop and implement a restructuring plan for the City of Detroit. In fact, our plan was reviewed and accepted by all stakeholders, including the State and the Financial Advisory Board. We have the plan, but we face significant challenges executing it in a timely manner. We are hindered by several factors, including the City Charter, labor agreements, litigation, governmental structure, and a scarcity of financial and human resources. Further exploration of ways to mitigate these barriers for more timely implementation of my initiatives should be examined."