Council asks, but gets no new details on Detroit’s financial mess (Detroit Free Press)

December 5, 2012 – City officials set the stage Tuesday for another intensive round of negotiations to keep Detroit financially afloat in the next few months against rising expenses and declining tax revenues. Detroit’s program management director, William (Kriss) Andrews, said the city will be able to pay its bills this month but faces a critical test in the first quarter of 2013. His comments signified the administration stepping back from warnings that Detroit would go broke as early as Dec. 21 because tax revenues were falling faster than expected. “We’ll get through December,” Andrews said at a news briefing Tuesday after he spent two hours before the City Council answering sometimes-heated questions about Detroit’s financial condition.

Link to Full Article: http://www.freep.com/article/20121205/NEWS01/312050043/1001/news

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