Governor to Announce Detroit Emergency Manager Decision at 2pm Thursday

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Gov. Rick Snyder will announce his final determination Thursday on a review of Detroit's finances -- a move that could include the appointment of an emergency manager for the city.
That announcement is scheduled for 2 p.m. in Detroit, an hour before a state board responsible for hiring emergency managers for distressed Michigan cities and public school districts is to hold a special meeting in Lansing.
Snyder has said an emergency manager selection for Detroit has to go before the Local Emergency Financial Assistance Loan Board.
It's unclear if Snyder will announce the name of a manager for Detroit on Thursday or simply say whether he plans to appoint one.
Snyder's already declared a financial emergency in Detroit, saying local officials lacked a plan to solve it.

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