Tag Archives: Detroit

Gov. Snyder suspends UP trip to survey Detroit flood damage

Gov0812-fotoGov. Rick Snyder briefly suspended a week-long trip to the Upper Peninsula Tuesday to come back and survey damage in and around Detroit due to massive floods.

Many freeways and major roads were closed in Metro Detroit after a record rainfall Monday – some sections of roads having been swept away in flood waters.
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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 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 EM tries to sell bailout to lawmakers


Stack of Money
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.