budget deficit

(credit: Vickie Thomas/WWJ)

Financially Struggling District To Close Only High School In Highland Park

School enrollment for Highland Park has dropped along with the population.

CBS Detroit–05/28/2015

(credit: istock)

Records: Detroit Public Schools $53 Million Behind On Pension Payments

The cash-strapped district is paying $7,600 a day in interest penalties alone.

WWJ Newsradio 950–03/26/2015

(credit: istock)

Official: ‘Real’ Cuts Needed After Shortfall Pegged At $289M

State revenue is $289 million short of projections in the current budget and $527 million below expectations for next year – largely because of large companies cashing in tax credits.

WWJ Newsradio 950–01/17/2015

(Photo: WWJ, File)

Detroit Public Schools Face Drastic Cuts, Closures

Financial woes in the Detroit Public School District are expected to continue for the next three years and that will mean more school closings.

WWJ Newsradio 950–01/24/2013

Audit: Detroit’s Deficit Grew To Nearly $327M

An audit says Detroit’s accumulated general-fund deficit is nearly $327 million.

WWJ Newsradio 950–01/03/2013

Review Team: Allen Park Needs Emergency Manager

A team to responsible for reviewing Allen Park’s finances says Gov. Rick Snyder should appoint an emergency manager to run the city southwest of Detroit.

WWJ Newsradio 950–08/11/2012

(Facebook photo)

Flint Emergency Manager Says 3 Unions OK Deals

Flint’s state-appointed emergency financial manager says two police unions and a firefighters union have voted to approve labor agreements with the city following talks about potential concessions.

WWJ Newsradio 950–04/21/2012

Highland Park Mayor DeAndre Windom (WWJ Photo/Vickie Thomas)

Highland Park Mayor Focused On Deficit Elimination Plan

The mayor of Highland Park is putting together a financial team as he works to stave off the threat of an emergency manager stepping into his city.

WWJ Newsradio 950–02/10/2012

(City of Flint Facebook Photo)

Financial Plan: Flint Union Contracts Under Review

Flint’s city employee union contracts are under review for possible renegotiation, according to a new financial plan from a state-appointed emergency financial manager.

WWJ Newsradio 950–01/18/2012

Detroit Institute Of Arts

Council Pro Tem: Detroit Will Likely Cut Funding To Cultural Institutions

Although the New Year brings promise to a struggling city like Detroit, some of the city’s high-profile cultural sites could be in jeopardy.

WWJ Newsradio 950–12/31/2011

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