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News

State Treasurer Believes Detroit Has No Option But Emergency Financial Manager

December 10, 2012 ----------------- Detroit faces its own fiscal cliff – with the city burning through cash so quickly that State Treasurer Andy Dillon says there is likely no way to stop it other than appointing an emergency financial manager. Dillon tells WDET’s Quinn Klinefelter the tipping point came about a week ago when the treasurer met with Detroit officials for an update on the progress of financial reforms in the city…