TRAVERSE CITY —
DETROIT — Gov. Rick Snyder says the state and Detroit could have a consent agreement to restructure the city's long-term finances in place sometime this week.
Snyder told reporters Monday at state offices in Detroit that both sides are making progress on a deal.
A team that has been reviewing the city's fiscal condition in recent weeks is scheduled to meet at 3 p.m. The review team, appointed by Snyder, could recommend that he appoint an emergency manager for Detroit.
The state and city have been negotiating Detroit's counter-proposal to a Snyder plan that called for a nine-member financial advisory board overseeing the restructuring.
Mayor Dave Bing balked at that plan, complaining it took too much authority from elected officials. He had called for a seven-member board to "monitor" the restructuring.
Michigan
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Gov. Rick Snyder AP/Carlos Osorio
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