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Detroit OK's deal to avoid state takeover
Downtown Detroit is seen along Woodward Ave in Detroit, Michigan April 2, 2012.
Credit: Reuters/Rebecca Cook
DETROIT |
DETROIT (Reuters) - Detroit's city council on Wednesday approved 5 to 4 a consent agreement that would avoid the city's takeover by the state of Michigan due to its sagging finances.
A review team appointed by Michigan Governor Rick Snyder in December had also approved the deal earlier Wednesday.
Both the review team and the city council took the action ahead of a Thursday deadline for sending recommendations to the governor and after a state appeals court lifted a temporary restraining order that had stopped the team from meeting.
(Reporting by Bernie Woodall; Editing by Phil Berlowitz)
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