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It also stated that the city's budget deficit would reach $386 million in less than two months and that one-third of the city's budget was going toward retiree benefits. [19] Declining city revenue led to the cash-flow shortfall in Detroit. In 2005, the city's budget was facing a $300 million deficit, sparking fears of potential receivership. [20]
Detroit City Council adopted the mayor's proposed $2.7 billion budget five minutes before midnight after long discussions Monday regarding recommended uses of the city's one-time funds.
Further compounding Detroit’s problems was the fact that despite large decreases in population, its area remained unchanged, stretching thin municipal services. [2] High rates of housing vacancies in turn lead to large tracts of urban space marked by deteriorating buildings and associated with high poverty and crime rates.
Kwame Malik Kilpatrick (born June 8, 1970) is an American former politician and convicted felon who served as the 72nd mayor of Detroit from 2002 to 2008. A member of the Democratic Party, he previously represented the 9th district in the Michigan House of Representatives from 1997 to 2002.
Detroit Budget Director Steve Watson said the strike ended up costing the city about $2.5 million in lost tax revenue in October. That came out to about $180,000 in daily tax losses, versus their ...
Michigan Gov. Gretchen Whitmer held a media event at Detroit Fire Department Engine House 52 in Detroit to sign a bipartisan general budget for the 2025 Fiscal Year on Wednesday, July 24, 2024.
The Detroit Almanac. Detroit Free Press. ISBN 0-937247-34-0. Hyde, Charles K. (2003). Riding the Roller Coaster: History of the Chrysler Corporation. Wayne State University Press. ISBN 0-8143-3091-6. Iacocca, Lee (2007). Where Have All the Leaders Gone. Scribner. ISBN 978-1-4165-3247-7. Poremba, David Lee (2003). Detroit: A Motor City History ...
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