The Pontiac School District is facing a roughly a $38 million deficit.
The city’s biggest employee union, retirees and even a few dozen residents filed objections Monday to Detroit’s request for bankruptcy protection.
The district’s general fund deficit for the 2012 fiscal year was $37.7 million, having quadrupled since 2009.
The museum says they’ll take legal action if needed to block any potential sale of works from its collection as part of Detroit’s municipal bankruptcy filing.
A mediator has been appointed to help resolve issues related to Detroit’s bankruptcy filing.
The tab includes billing $275 an hour for a 22-year-old financial analyst who graduated from college last year.
The decisions come amid concern that Detroit’s bankruptcy will make it more difficult for communities to borrow money.
If the city’s gambit succeeds, it could jeopardize an important bargaining tool for unions, which often have deferred higher wages in favor of more generous pensions and health benefits.
A judge is expected to make a key decision, Wednesday afternoon. in the Detroit bankruptcy case.
There seems little appetite from either Democrats or Republicans in Washington for a federal rescue of the birthplace of the automobile industry.