DETROIT

Detroit Surplus Projected At $6 Million After Austerity Measures

DETROIT - NOVEMBER 21:  The General Motors (GM) world headquarters building stands tallest amidst the Renaissance Center in t
DETROIT - NOVEMBER 21: The General Motors (GM) world headquarters building stands tallest amidst the Renaissance Center in the skyline of city's downtown on November 21, 2008 in Detroit, Michigan. As car and truck sales have plummeted across the country, large inventories are building at dealerships and factories. The Big Three U.S. automakers, General Motors (GM), Ford Motor Co. and Chrysler LLC, failed after appearing this week in Washington to receive money after asking the government for federal funds to curb the decline of the American auto industry. The city of Detroit, home to the Big Three, would be hardest hit if the government allows these auto makers to fall into bankruptcy. (Photo by Spencer Platt/Getty Images)

(DETROIT) -- The City of Detroit will end the fiscal year with a surplus of more than $6 million.

City officials said the surplus is due to cost-cutting measures that include furloughs and deferred pension payments, according to the Detroit Free Press.

The fiscal year ends on June 30.

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