Gov. Rick Snyder's Detroit plan puts board in charge
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Detroit Mayor Dave Bing was shocked when he first saw what Gov. Rick Snyder was proposing: a rescue plan that would strip Bing and the City Council of much of their power and put a financial advisory board in charge of the city's future.
To Bing, the governor's proposed consent agreement, unveiled Tuesday, looked more like a takeover than a joint effort to solve the city's financial perils.
To Snyder, it was the only option he had after months of watching the city slip closer to financial meltdown.
In his proposed consent agreement, Snyder would give a nine-member financial advisory board and its appointees sweeping power to restructure city government and control Detroit's purse strings, while leaving Bing and the council in office -- but with reduced powers.
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