Just a week ago, my colleague Laura Conaway noted that Michigan Gov. Rick Snyder (R) was "on the verge" of appointing an emergency manager for the city of Detroit, despite the opposition of local officials and the will of local residents. Today, Snyder went ahead and took the next step.
Governor Rick Snyder of Michigan on Friday declared a fiscal state of emergency in Detroit in a move that could lead to the appointment of a financial manager who could file for the largest municipal bankruptcy ever.
Snyder's decision allows the city a 10-day grace period to formulate a plan to fix its finances before the governor reconsiders appointing an emergency manager who would likely drastically reduce services.
Rachel will have more on this on tonight's show, but for refresher on why this autocratic, undemocratic move is so offensive, take a look at last week's segment on the subject. Also take note of Laura's important piece from two weeks ago: communities that have seen emergency managers imposed on them generally are not pleased with the results.
