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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.
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 ...
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 ...
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.
WWJ-TV also produces the weekly panel discussion program Michigan Matters, focusing on issues relevant to metro Detroit. Airing on Sunday mornings and rebroadcast nightly on CBS News Detroit, it is hosted by Carol Cain, columnist for the Detroit Free Press; panelists have included Denise Ilitch, Bryan Barnett and L. Brooks Patterson. [187] [211]
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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This suggests that a long-run solution to our budget problems today could involve increasing economic growth via deregulation, simply by virtue of taxing a larger economy. Deregulation in the U.S ...