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Budget Crisis

Detroit Emergency Manager Kevyn Orr speaks following his meeting with creditors. (credit: George Fox/CBS Detroit)

‘We’re Tapped Out’: Detroit Emergency Manager Proposes Plan To Creditors

Detroit EM Kevyn Orr says, starting now, there will be a moratorium on debt payments for all unsecured funded debt.

WWJ Newsradio 950–2013/06/14

The Detroit Institute of Arts (Credit: Vickie Thomas/WWJ Newsradio 950)

Schuette: DIA Collection Can’t Be Sold To Pay Debt

Michigan’s attorney general says the collection at the Detroit Institute of Arts can’t be sold to pay off any of the city’s debt during a municipal bankruptcy.

WWJ Newsradio 950–2013/06/13

The Detroit Historical Museum (credit: detroithistorical.org)

Detroit Finances Put Cultural Institutions On Edge

The city-owned Charles H. Wright Museum of African American History and Detroit Zoo are among the institutions that could be affected.

WWJ Newsradio 950–2013/05/31

Inside the Capitol dome in Lansing. (credit: istock)

Bill Would Protect DIA Collection From Liquidation

A top state lawmaker has sponsored a bill that would prevent the sale of the Detroit Institute of Art’s collection if the city goes into bankruptcy.

WWJ Newsradio 950–2013/05/30

Rick Snyder, at right, takes questions alongside Jeb Bush at the Mackinac Policy Conference (credit: WWJ)

Gov. Snyder Hopes Detroit Not Forced To Sell Art

Michigan Gov. Rick Snyder says he hopes Detroit’s financial crisis doesn’t force EM Kevyn Orr to sell off items from the collection of the Detroit Institute of Arts.

WWJ Newsradio 950–2013/05/29

Detroit City Council in session (WWJ Photo/File)

Detroit Council Approves Cuts To Mayor’s Budget

Detroit City Council voted to approve cuts to Mayor Dave Bings’ proposed $1.1 billion spending plan.

WWJ Newsradio 950–2013/05/24

istockphoto

Students Return To School After District Shutdown

The Buena Vista School district near Saginaw is open today, despite dire financial problems.

WWJ Newsradio 950–2013/05/20

istockphoto

Buena Vista Teachers To Return To Classrooms

More than two dozen teachers laid off in the financially troubled Buena Vista Schools district will return to work on Monday.

WWJ Newsradio 950–2013/05/18

istockphoto

Buena Vista Schools Could Reopen After Debt Plan Approved

Superintendent Mike Flanagan has approved the release of state aid funds to the now shuttered district.

WWJ Newsradio 950–2013/05/15

Detroit EFM Kevyn Orr, right, and Gov. Rick Snyder talk to Vickie Thomas (credit: WWJ)

Emergency Manager Files Report On Detroit Finances

Emergency manager Kevyn Orr has formally filed his first report on Detroit’s finances with the state Treasurer’s office.

WWJ Newsradio 950–2013/05/13

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