Blog: Governor Snyder on Solving Detroit's Fiscal Crisis
Solving Detroit's Fiscal Crisis
Detroit is in the midst of a fiscal crisis, and additional actions are needed to address the city's dire problems.
This isn't news to Detroiters who are suffering the effects of this crisis, and it's not news to those watching from afar. But last week, an independent financial review team issued a report that laid bare the facts behind Detroit's fiscal emergency.
I have reviewed that report and agree with the conclusion of the financial review team. Detroit is, in fact, in the midst of a fiscal emergency that will likely lead to the appointment of an emergency financial manager. It's not a decision I make lightly, and I'd like to take an opportunity to share with you how I arrived at it. Here are some of the facts that show why action is necessary:
It's not just about numbers, though. The people of Detroit deserve to have someone respond when they call 911, to have the lights on in the streets, to feel safe when they send their kids off to school in the morning. With the trouble Detroit has had in balancing its budget, city services have fallen short, and the quality of life has suffered.
Working together in partnership, we can more quickly and efficiently reform the finances in the city and stop the cycle of overspending and one-time fixes.
We're seeing great things happen in Detroit with improved schools, a thriving Midtown, new businesses, and a revitalized riverfront. But we can't allow a continuing fiscal crisis to stand in the way of Detroit's reinvention. We need to solve the financial issues and set a solid foundation for the future so the city can continue to reinvest in its services and public safety, and begin to grow Detroit once again.