detroit-deficit

Recently, in a lightning decision reserved generally for Right-To-Work votes, the Michigan State Senate committee passed a bill that would protect the Detroit Institute of Arts fabulous collection from being sold to help pay the bills for the city's financial deficit.
Detroiters have come accustom to the talk of deficits, low cash flow and payless paydays during the past several years. The reality is that the City of Detroit still faces a fiscal crisis that will continue if implementation of reforms is not moved forward.
But the positive gains in employment could be reversed as the city works to cut its budget under a new agreement with the
No irony is lost in the fact that two of Detroit's biggest companies, GM and Chrysler, went through bankruptcy in 2009 and have emerged stronger. Municipal bankruptcy is considered by many to be a last resort for localities in fiscal trouble.
Some members called for big funding cuts to the city's cultural institutions and recreational centers and privatization of
Bing and City Council have said they oppose a state takeover and have been working to come up with their own plans to prove
When we fail to fix the structural costs and deliver a workable plan-of-action to pay down our debt in the City of Detroit, we jeopardize future prosperity. We must transform a spendthrift culture to one of fiscal responsibility.
Mayor Bing and others have made the statement that Detroit should be run by Detroiters. The only problem with Mayor Bing's statement is when you have unqualified Detroiters operating Detroit.
Imagine a day where 1.3 million people from around the world visit Detroit en masse to recreate and experience the high-water mark of a full and thriving Motor City. Maybe a few of them will even fall in love and stick around.
On Friday, DPS circulated an email to reporters saying, "Detroit Public Schools Emergency Manager Roy S. Roberts on Monday