The 'Grand Bargain' may see progress this week at the state capitol

May 19, 2014

Governor Snyder hopes the State House will make progress toward approving the ‘Grand Bargain’ this week.

Critics complain it’s not fair for the rest of the state to pay for Detroit’s financial missteps. Supporters say restoring Detroit to financial health is important to all of Michigan.Credit Steve Carmody / Michigan RadioEdit | Remove

The ‘Grand Bargain’ is a package of bills spending $195 million to help Detroit emerge from bankruptcy without selling off artworks from the Detroit Institute of Arts to pay for city pensions.

In Jackson this morning, Governor Snyder said he would like to see the legislature move on the ‘Grand Bargain” bill this week.

“I don’t know if it would be realistic to say the Senate,” says Snyder, “but again seeing the House make progress this week is important.”

Critics complain it’s not fair for the rest of the state to pay for Detroit’s financial missteps.

Supporters say restoring Detroit to financial health is important to all of Michigan.