Tag Archives: Detroit

Snyder: Pensioner approval of grand bargain sets Detroit up for faster recovery

Michigan Gov. Rick Snyder

Michigan Gov. Rick Snyder

Gov. Rick Snyder is praising Detroit pensioners for approving the city’s bankruptcy restructuring plan.
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Michigan welcomes office to help skilled immigrants get jobs

file8831282848632Highly skilled immigrants in Michigan now have a new resource to help them find jobs. The national nonprofit organization Upwardly Global opened a new office in Detroit on Monday.
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Snyder signs Detroit rescue package, stresses city’s recovery

file8831282848632Governor Rick Snyder has signed the legislation that authorizes the state’s $195 million contribution to the Detroit bankruptcy settlement. The governor says the settlement is a good deal for taxpayers because it sets the stage for the city’s comeback.
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Detroit bailout debate moves to Senate

moneyThe Detroit bankruptcy settlement faces its next big test in the Michigan Senate after clearing the state House last week by big margins. Hearings are expected to begin next week.
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Detroit bankruptcy clears first big hurdle

file8831282848632The 195 (m) million dollar state contribution to the Detroit bankruptcy settlement cleared its first major hurdle today (Thu.) as the state House approved the payment by a wide margin.
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Detroit bills could be on fast track through state House


file8831282848632A vote on the 195 (m) million dollar package to help Detroit with its bankruptcy could come in the state House as soon as tomorrow (Thu.). As we hear from Michigan Public Radio’s Rick Pluta, a House committee has put the legislation on a fast track.
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Lawmakers could cast first votes on Detroit bailout

file8831282848632There could be a first vote tomorrow (Wed.) in the Legislature on an almost 200 (m) million dollar bailout for the city of Detroit. Mayor Mike Duggan was one of those who testified prior to the historic vote. Duggan says, overall, he supports the plan.
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Detroit plan would put city’s finances under board supervision

Stack of MoneyDetroit’s finances would be under the scrutiny of an appointed board for as long as 20 years after the city’s bankruptcy under a plan unveiled today.
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Detroit EM tries to sell bailout to lawmakers


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Governor Rick Snyder says he thinks there’s progress in negotiations with the Legislature to put 350 million dollars of state money toward Detroit’s bankruptcy settlement. Detroit’s emergency manager just spent two days in Lansing in an effort to build support for the deal.

That money from the state would help fund pensions and ensure the assets of the Detroit Institute of Arts don’t get put up or auction.

The governor says now he’s pushing for lawmakers to vote on a bailout package in May or early June.

“The goal is to get it done before there’s a recess for the summer.”

Snyder says the bargain has to include an end to legal challenges to the bankruptcy. He would also like an oversight panel to help manage the city’s finances post-bankruptcy. He says that should also help reassure reluctant legislators.

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State opens new ‘DREAMJOB’ summit for Michigan job-seekers

For the first time ever, the state is hosting – what officials are calling – a statewide “speed dating” type of career fair.
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