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In a small public-TV studio before an invitation-only audience of 30 people, Michigan Gov. Rick Snyder made his case Friday for taking control of Detroit's finances away from the city's elected officials.

The state's signature city is grappling with a declining population, a dwindling tax base and decades of mismanagement — including corruption so pervasive at times that former Mayor Kwame Kilpatrick is currently on trial for federal racketeering charges.

That's left Detroit with a budget deficit of more than $300 million, and the city is unable to stem the flow of red ink.

“ I think that things will definitely get worse before they get any better. There's so much debt. I think that an emergency manager really wouldn't do much right now."

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