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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.
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.
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] In 2013, Detroit’s revenue had fallen over 20% from its 2008 level. [21] Revenue fell due to Detroit’s declining population, which reduced the property and income tax ...
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In the first few months, Duggan unveiled a new proposed city budget, which was subsequently approved by the city council. [38] Previously, during Duggan's second term as Mayor in 2019 the Detroit Incinerator built in 1989 was shut down. [39] The Incinerator had caused many health problems in neighboring areas and was also a source of air pollution.
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 ...
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 ...