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FEB 28, 2013 - Yahoo! News

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Michigan governor to declare Detroit fiscal emergency: source

LANSING, Michigan (Reuters) - Michigan Governor Rick Snyder will officially declare a financial emergency for Detroit on Friday, paving the way for a state takeover of the city, a state government source said on Thursday. At a forum in Detroit, the Republican governor will endorse the February 19 findings of a six-member review team that concluded the city's dire financial situation constituted an emergency, according to the source, who asked not to be identified. Sara Wurfel, Snyder's spokeswoman, said the governor will outline "his determination on whether or not there is an ... Read More

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