December 6, 2012 – Wednesday’s announcement that Gov. Rick Snyder is on the verge of appointing an emergency financial manager to take charge of Detroit’s troubled finances should come as a surprise to no one — no one who has been paying attention, at any rate. Eight months ago, the city and state entered into a consent agreement that was widely viewed as the city’s best hope of avoiding the appointment of an emergency financial manager, or, worse, a municipal bankruptcy filing. Word broke early Wednesday morning that state Treasurer Andy Dillon was walking the halls of the Coleman A. Young Municipal Center, discussing the imminent appointment of a manager with council members and Bing administration officials.
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