On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

1590 AM Coldwater, Michigan 95.5 FM Coldwater, Michigan

Weather

Current Conditions(Coldwater,MI 49036)

More Weather »
54° Feels Like: 54°
Wind: WNW 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 66°

Tonight

Clear 42°

Tomorrow

Mostly Sunny 67°

Alerts

Moody's says Emergency Manager could hurt Detroit

by

DETROIT (WKZO) -- An investor service says that Governor Rick Snyder's decision to appoint an emergency manager for Detroit could hurt the city's financial outlook.

Moody's Investor Service says the move could help stabilize the city's budgets but it also provides a clearer path to a Chapter 9 municipal bankruptcy if the issues aren't fixed.  In February, a review team found more than 14-billion dollars in long-term bond and retiree-benefits liabilities on top of the city's 327-million dollar deficit.

City officials have until March 11th to request a hearing with the governor to appeal his emergency manager decision.

Comments