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Thu April 12, 2012
Mayor's office to present budget to City Council
Detroit Mayor Dave Bing's office is presenting the city's 2012-13 fiscal year budget to the City Council. The presentation is planned for 11 a.m. Thursday.
The annual budget process comes about a week after Bing, the council and Gov. Rick Snyder's office agreed for Michigan to have a role in fixing Detroit's $200 million budget deficit and long-term fiscal restructuring.
Deputy Mayor Kirk Lewis said this week that the city is "nowhere near where" it "needs to be" in the budget process due to the time spent negotiating the agreement with Snyder.
A financial advisory board called for under the deal is expected to have little input on the upcoming budget. It will make recommendations to the mayor and help the city when Detroit begins preparations for 3-year budgets.