Michigan GOP Official Wants Progress In Detroit Before Funds Released
LANSING, Michigan | Thu Mar 28, 2013 7:09am EDT
(Reuters) - The newly appointed emergency manager for the City of Detroit has an impressive resume, sweeping powers and at least a temporary reservoir of good will as he seeks a financial turnaround of Michigan's biggest and nearly bankrupt city.
But a powerful state legislative leader told Reuters that before any funds come from Lansing, bankruptcy lawyer Kevyn Orr is going to have to show progress with realistic financial estimates and measures to help the city's finances.
Republican Governor Rick Snyder, who selected the 54-year-old Democrat to serve as Detroit's manager, has spoken in general about the likelihood a turnaround plan will require new financial resources. But Snyder has carefully avoided making any specific pledges or proposals.
State House Speaker Jase Bolger, also a Republican, said he wants to see results before committing major new resources to Detroit. "We're not the slightest bit interested in providing more money for business as usual," he said.
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http://www.reuters.com/article/2013/03/28/us-usa-detroit-emergency-idUSBRE92R0AC20130328