Michigan governor floats state assistance for Detroit
Gov. Rick Snyder has met with Michigan lawmakers to discuss the possibility of contributing state money to shore up Detroit's pension plans and prevent the sale of city-owned art.
The governor and GOP senators met behind closed doors Thursday after foundations committed $330 million this week. Snyder may ask lawmakers to match the foundations' contributions.
Senate Majority Leader Randy Richardville confirms talks about state involvement but says no final plan or request has been made to legislators. He's cautiously optimistic of a solution in the "near future."
Richardville says he expects Michigan residents to be most understanding if "we're talking about protecting pensioners vs. bailing out a city."
The bankruptcy judge overseeing Detroit's restructuring plans to rule Thursday on a renegotiated interest rate swaps deal that could save millions.
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