Detroit — Mayor Dave Bing issued a statement late Tuesday agreeing with city council members that the city does have a viable plan to fix Detroit's financial crisis and there are inaccuracies in the report issued by the state's six-member review team.
Still, Bing did not think a formal appeal of Gov. Rick Snyder's plan to appoint an emergency manager was prudent: "I do not believe it will change the governor's decision to appoint an emergency financial manager."
Instead, Bing released a six-page report outlining what his administration has done over the last year. Bing said his plan focuses on three key areas: quality of life, financial stability and long-term liabilities.
But the plan has been hampered by city charter regulations, lack of cooperation from the city council, a challenge by the city's corporation counsel, legal challenges and the complexity of union contracts, Bing said.
Bing's plan points out the city has implemented $50 million worth of revenue enhancements and about $150 million of cost-saving initiatives.
Bing also said the city is working on long-term solutions to fix general fund debt obligations, unfunded pension liabilities and retiree medical costs.
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