Podcasts & RSS Feeds
Most Active Stories
- Budget deficit forcing school officials to close Albion High School
- The top 10 high schools in Michigan (according to two magazines)
- You have to see this stunning video of Michigan's Northern Lights
- Are people in Ironwood really afraid of wolves? (part 2)
- The 15 Michigan schools running the biggest deficits
Tue December 13, 2011
GOP lawmakers nix move for Detroit bailout
Republicans in the state House said “no” today to Detroit lawmakers who tried to add $220 million for the city to a budget bill. Detroit officials say the money is owed the city from an earlier deal with the state.
Detroit could run out of money to pay its bills by April. A state review team is examining the city’s finances in a process that could wind up with Governor Rick Snyder naming an emergency manager to run Detroit. But members of Detroit's legislative delegation say there are better options.
"It’s not a good investment in the state of Michigan to have your premier city go belly up and bankrupt, which will kill Standard & Poors’ rating of the state of Michigan as a state and all of the other cities and municipalities will go down the drain with them,” said State Rep. Fred Durhal (D-Detroit).
Durhal says he’s working on a plan to get a cash infusion to the city if it develops a state-approved proposal to manage its finances.