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Senate Panel To Consider Detroit Bankruptcy Bills

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LANSING (WWJ/AP) - A committee in the Michigan Senate is poised to vote on legislation to provide $195 million in state money to help bankrupt Detroit’s retirees and city workers.

The panel on Tuesday will hold its first hearing on bills intended to prevent steeper cuts to pensions in the bankruptcy case. The committee could quickly send the legislation to the full Republican-led Senate for a vote later in the week.

“Interestingly, I talked to a couple Detroit lawmakers yesterday as they were moving into the Senate, I said ‘Are you guys on board with this?’ and one guy said ‘You know, I’m not sure. Should I vote what my constituents want or should I vote what I think we should do,'” said WWJ Lansing Bureau Chief Tim Skubick.

The state funds would be joined with hundreds of millions of dollars from foundations and the Detroit Institute of Arts, which have pledged the money to also prevent the sale of valuable city-owned art. Detroit’s finances would be overseen by a state-dominated board under the legislation.

The Republican-led House approved the bills two weeks ago in bipartisan votes.

Continuing Coverage: Detroit Bankruptcy

TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

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