DETROIT – Michigan Gov. Rick Snyder declared a financial emergency in Detroit on Friday, pushing the city closer to becoming the largest in the country to have state control over its finances.

Snyder told The Associated Press that his decision on whether to appoint an emergency manager will come after the city's 10-day appeals process, but that Detroit will be "on the path" to having the state oversee its books if he turns down any such appeal. He also said he already has a candidate in mind for the position, but declined Friday to release details.

Mayor Dave Bing's office already has been notified of a March 12 hearing date, Snyder said.