detroit budget

Politics
3:38 pm
Tue May 10, 2011

Detroit officials eye immediate, long-term money problems

Charles Pugh
Charles Pugh

The city of Detroit is ramping up efforts to cobble together a budget and a five-year deficit elimination plan.

Detroit City Council members got a copy of Mayor Dave Bing’s deficit elimination plan Tuesday.

The Council wants more cuts than Bing proposed. They say that’s necessary to avoid a possible state takeover of the city’s finances.

Council President Charles Pugh says a Council work group believes the city should cut at least $120 million from the upcoming budget.

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Politics
5:41 pm
Tue May 3, 2011

Critical week for Detroit's financial future

Both the Detroit City Council and Mayor Dave Bing say this is a crucial week for getting the city’s budget in order.

Detroit will end the fiscal year in June with a budget deficit of at least $180 million.

Both Mayor Bing and the Council declare they’ll work together to avoid a state takeover of the city’s finances.

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Politics
11:04 pm
Tue April 26, 2011

Detroit Council gets budget advice

The Detroit City Council heard some advice about the city’s budget situation Tuesday.

Council fiscal analyst Irvin Corley told them that Mayor Dave Bing’s proposed budget is “mostly reasonable.”

But Corley also warned that Bing’s proposal contains more than $200 million in “soft” revenue that might not materialize.

Corley says the Council should cut the Mayor’s budget further, and the two sides need to find an agreement that truly addresses the city’s fiscal problems.

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