Mayor Dave Bing Will Hold A Press Conference Regarding City Cash Crisis

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DETROIT (WXYZ) – Detroit Mayor Dave Bing will hold a news conference at 2:00 p.m. today to speak about Detroit’s cash crisis.

He is expected to discuss the next steps to offset a potential $30 million shortfall.

The move comes after Detroit City Council voted to table an issue involving the Miller Canfield law firm . The firm would advise the Mayor during the financial situation in Detroit.

It was part of the so-called “Milestone Agreement” which would ensure that the city would receive millions of dollars in bond money. To read the full story visit wxyz.com

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