Detroit Mayor Dave Bing listens during a news conference at the Chrysler Mack I auto plant in Detroit, Michigan November 15, 2012. REUTERS/R
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Bing's speech did not answer questions about whether the city will end up with a state appointed financial manager, but he outlined cuts to spending and payroll costs. The mayor announced a new public-private partnership to increase the number of abandoned buildings that will be demolished.
Bing also previewed an initiative to reduce gun related crimes by 25-percent with the help of local, state and federal law enforcement agencies. Details of that plan to curb crime will be announced within a month.