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Snyder says Detroit will exit bankruptcy by October; Won't say if he'll make mayor school boss

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DETROIT — Gov. Rick Snyder says Detroit's bankruptcy will be "largely closed" by October with a transition plan and oversight board in place.

Snyder spoke Monday morning at Pancakes and Politics, a regular event featuring elected leaders.

PHOTO: Gov. Rick Snyder speaks at the "Pancakes and Politics"  event on Monday, April 7, 2014 in Detroit.  Snyder plans to talk about Detroit's turnaround. He hired emergency manager Kevyn Orr a year ago and authorized him to take the city into bankruptcy court last summer. Orr hopes Detroit can exit bankruptcy by October. (AP Photo/Detroit News, David Coates)  DETROIT FREE PRESS OUT; HUFFINGTON POST OUT
Gov. Rick Snyder speaks at the "Pancakes and Politics" event on Monday, April 7, 2014 in Detroit. Snyder plans to talk about Detroit's turnaround. He hired emergency manager Kevyn Orr a year ago and authorized him to take the city into bankruptcy court last summer. Orr hopes Detroit can exit bankruptcy by October. (AP Photo/Detroit News, David Coates) DETROIT FREE PRESS OUT; HUFFINGTON POST OUT

The governor says the collaboration between Mayor Mike Duggan and emergency manager Kevyn Orr is one of the country's "great success stories," the Detroit News reports.

Snyder hired Orr a year ago and authorized him to take the city into bankruptcy court last summer. Orr has also said he hopes Detroit can exit bankruptcy by October.

Snyder says he won't "speculate" on a rumor he'd make Duggan head of the Detroit Public Schools if re-elected.

The event was held at the Detroit Athletic Club near Comerica Park.

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