Policy: Budgets & Deficits

Detroit mayor backs bankruptcy bills, with tweaks

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News,Business,Detroit,Michigan,Budgets and Deficits,Detroit Bankruptcy

LANSING, Mich. (AP) — Detroit Mayor Mike Duggan is supporting legislation to help Detroit emerge from bankruptcy but says he wants a role for the City Council on a financial oversight board.

Duggan told Michigan legislators Tuesday that a deal to prevent steep cuts to city retirees is the best he's seen for pensioners. The bills pledge $195 million in state money to join commitments from foundations and the Detroit Institute of Arts to also prevent the sale of city-owned art.

Duggan asks legislators to clarify how Detroit could move to "non-control" if it's budget is balanced for three years. He and City Council President Brenda Jones also urged legislators to put a City Council appointee on the oversight commission.

The bills now call for a mayoral appointee but otherwise only state appointees.

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