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Wednesday, March 7, 2012

''Emergency manager alone can't save Detroit: City's financial outlook called 'hopeless''

..."As questions about the possibility of payless paydays and service cuts swirl from Detroit's City Hall to its neighborhoods, it's unclear whether the appointment of an emergency manager would do much to halt a financial collapse. 


What Detroit desperately needs is an influx of cash. 


"We need $105 million just to get through the rest of this fiscal year and be able to pay our bills and make payroll," said City Council President Pro Tem Gary Brown. The fiscal year ends June 30."


from freep.com...

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