(AP) Detroit is broke and faces a bleak future given the precarious financial path it's on, according to a new report out by the city's state-appointed emergency manager.
The report was released late Sunday by bankruptcy attorney Kevyn Orr and is his first on Detroit's finances since officially taking the job in March.
Under state law, the report was due within 45 days of Michigan's newest emergency manager law taking effect. Orr's spokesman Bill Nowling had warned last week that the report was an early look at Detroit's fiscal condition and would not be glowing.
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