Report: Andy Dillon to step down as State Treasurer

Andy Dillon, according to a report from WDIV, is stepping down from his post.


Michigan Treasurer Andy Dillon has announced his resignation.

In a statement Friday, Dillon said he is stepping down because of potential distraction over acrimony from his recent divorce.

Dillon, 51, says his family deserves privacy and residents deserve to know the state treasurer is "not distracted by such issues and events."

Dillon, a Democrat and former state House speaker, was named treasurer by Republican Gov. Rick Snyder in 2011. He thanked Snyder and said he has "tremendous respect" for him.

He has been heavily involved in efforts to turn around deficit-ridden cities and school districts. Dillon said he will continue in his post and assist with the transition of his yet-to-be-named successor.

****End Update****

According to WDIV in Detroit, Michigan State Treasurer Andy Dillon is stepping down from that post.

WDIV says a formal announcement is expected later this afternoon.

Dillon was just questioned yesterday in a deposition by lawyers opposed to Detroit's bankruptcy filing.

NBC25 will bring you more as this story develops.