Mayor: Report about Detroit's financial condition consistent with administration's findings

DETROIT — Detroit Mayor Dave Bing says a new report about the city's crumbling financial condition is consistent with his administration's findings.

The report was released late Sunday by bankruptcy attorney Kevyn Orr and is Orr's first on Detroit's finances since officially taking the job in March.

Bing said in a statement Monday that a complete and comprehensive evaluation of Orr's report is planned over the next day, and he's reserving further comment until that time.

The report says Detroit is broke and faces a bleak future, given the precarious financial path it's on.

The summation is the latest blow to the city, which came under state oversight in March when Gov. Rick Snyder selected Orr to handle Detroit's finances.

Think your friends should see this? Share it with them!

Follow Us

^{Content enhanced with OpenCalais.}