Snyder issues statement on Detroit bankruptcy trial testimony

Monday, Oct. 28, 2013

LANSING, Mich. — Gov. Rick Snyder today issued the following statement about offering testimony today in U.S. District Court about the Chapter 9 filing for Detroit:

“I offered my testimony today to help expedite these proceedings so we can continue with Detroit’s comeback for the benefit of its residents and the entire state of Michigan.

“It’s important to resolve this case as quickly as possible. Authorizing the Chapter 9 filing was an extremely difficult decision, but I believe a necessary one. Bankruptcy was the last and only viable option to bring the financial crisis to an end and get the city back on a successful path.

“Detroit’s fiscal crisis was six decades in the making. My job is to make the tough decisions to resolve the problems we face today, not ignore them. Detroit is a great and proud city. I’m convinced the necessary actions we took will allow it to thrive and complete its turnaround for the next generation of Detroiters and Michiganders.”

#####