11/21/2011 08:30 am ET

Detroit City Council To Reveal Financial Crisis Plan

DETROIT, Mich. (WJBK) - The Detroit City Council is expected to release its financial crisis plan Monday morning. The nine-member panel has been scrambling to come up with a solution to prevent an Emergency Financial Manager from taking over.

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Recommendations could include ending subsidies to some museums and the Detroit Zoo, closing recreation centers and selling city-owned parking lots. Mayor Dave Bing announced 1,000 layoffs by February to save $14 million; some council members have said as many as 2,300 city jobs must be eliminated. The mayor says the city faces a $45 million deficit and could run out of cash by April if drastic measures are not taken.

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