Detroit finances

7:28 am
Tue June 11, 2013

Detroit Emergency Manager says public safety is priority

Lead in text: 
Kevyn Orr says tough choices lie ahead to avoid bankruptcy
Emergency manager Kevyn Orr, in his first public hearing since he was appointed to take over the troubled city in March, sought to reassure residents that Detroit will emerge from his tenure streamlined, with less debt and a plan to keep it that way.
5:49 am
Fri June 7, 2013

Detroit Emergency Financial Manager to offer creditors "pennies on dollar" to avoid bankruptcy

Lead in text: 
Emergency Manager Kevyn Orr's office has not confirmed figure, meetings will likely happen next week
Detroit's attempt to avoid bankruptcy will hit a critical stage next week as emergency manager Kevyn Orr brings together dozens of creditors to present a stark offer: less than 10 cents on the dollar for the loans, bonds, retiree obligations and other debts that have been strangling the city for years.
10:52 am
Mon May 13, 2013

Emergency Manager's report spells out Detroit's financial troubles

Lead in text: 
Report is first by Kevyn Orr since he was appointed Emergency Manager for Detroit in March
Kevyn Orr's report, mandated by the state after an emergency manager's first 45 days in office, confirms a city in desperate shape, with costs for retiree benefits eating up a third of its budget and public services suffering as Detroit's revenues and population shrink each year.
4:33 pm
Thu March 14, 2013

Emergency Financial Manager officially appointed for Detroit

Lead in text: 
Kevyn Orr will be paid $275,000, will start March 25th.
Lansing - Michigan's emergency loan board approved Kevyn Orr as Detroit's emergency manager after a 15-minute videoconference question-and-answer session with the Washington D.C. attorney from the board meeting room in the state Treasury building. The three-member board consists of State Treasurer Andy Dillon, Budget Director John Nixon and Steve Arwood, director of the Department of Licensing and Regulatory Affairs.
6:38 am
Mon March 4, 2013

Snyder offers some clues of what he wants in Emergency Manager for Detroit

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Governor not naming candidates while Detroit considers whether to appeal finding that Detroit is in "financial emergency."
Detroit - Gov. Rick Snyder hasn't yet revealed his pick for Detroit emergency manager, but he's offering some clues into what he's looking for as speculation mounts over who might assume the unprecedented role.