detroit deficit elimination plan

Politics
12:12 pm
Wed October 26, 2011

Detroit Mayor, Council meet to discuss "confidential" memos

Detroit Mayor Dave Bing will meet with City Council members behind closed doors Wednesday.

Among other things, they’ll discuss a confidential analysis detailing the city’s finances.

The analysis itself hints at cash flow problems for the city. Detroit is trying to work its way out from under a $155 million deficit.

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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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