03/28/2012 08:53 am ET Updated Mar 28, 2012

Gov. Rick Snyder Speaks On Detroit Finances At WCHB Town Hall

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Michigan Gov. Rick Snyder is set to meet with Detroit residents Wednesday morning in a town hall discussion on the city's financial situation.

WCHB radio host Mildred Gaddis will chair the event, which is co-sponsored by the Michigan Chronicle.

Snyder spoke to the press Monday, saying he felt optimistic about the city and the state reaching a consent agreement on Detroit's finances. A state-appointed financial review team on Monday declared a financial emergency in the city, but officials have not reached a consent agreement. The governor has until April 5 to decide whether to appoint an emergency manager to run Detroit -- an option Snyder has said he wants to avoid.

City officials are working on their own financial stability agreement, which would offer a deficit-elimination plan to the state Treasury but fall short of some of the strictures of a consent agreement. Snyder, however, seems likely to push for a full consent agreement, which would give the state more say-so in city affairs while keeping Detroit's elected officials in power.

Detroiters in the audience at the financial review team's Monday meeting made it clear they had no interest in either a consent agreement or an emergency manager. The crowd shouted down review team members and chanted "No state takeover" and "no state occupation."

It seems similar direct action may be planned for Wednesday's town hall with the governor.

Rev. David Bullock, president of Rainbow PUSH Michigan and the Highland Park NAACP, told CBS Detroit protesters plan to greet Snyder ahead of the event.

"We've got a welcome wagon for Governor Rick Snyder," he told the station. "We're going to be there to say hello and let the governor know that we are not in support of anything that downgrades democracy, anything that lynches liberty."

The governor's town hall will stream live beginning at 11 a.m. Stick with HuffPost Detroit for updates.