03/13/2012 08:51 am ET

Flint Financial Manager Wants To Borrow Up To $20M

Flint's state-appointed emergency financial manager says he wants to borrow between $15 million and $20 million to help cover past deficits in the cash-strapped city.

Michael Brown discussed the plans Monday at a meeting where Flint Mayor Dayne Walling also delivered a State of the City address, according to the Flint Journal.

Read more on CBS Detroit