financial crisis

Snyder Wants 2 Percent Bump In Education Funding

Michigan Gov. Rick Snyder will propose giving public schools, universities and community colleges two percent more overall funding in the next school year.

WWJ Newsradio 950–2013/02/07

Clock Ticks Down For Decision On Detroit Finances

Detroit’s fiscal future could soon be out of its hands if a team of state officials determines that the nation’s former auto and manufacturing giant is so firmly entrenched in a financial emergency that it cannot climb out on its own.

WWJ Newsradio 950–2013/01/11

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

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

WWJ Newsradio 950–2013/01/03

Michigan Governor Signs New Emergency Manager Law

Gov. Rick Snyder has signed a law that gives distressed communities the ability to choose an emergency manager or other remedies to fix their finances.

WWJ Newsradio 950–2012/12/27

Poor Make Do As Detroit Struggles To Stay Afloat

More than 200,000 Detroit residents living below the poverty level struggle every day to avoid their own personal fiscal cliffs. When you grow up poor in Detroit, strategies must be developed to survive.

WWJ Newsradio 950–2012/12/26

Review: Detroit Not Reaching Consent Deal Targets

A preliminary review of Detroit’s finances has determined that the city is not on target to fulfill promises to the state that allowed the city to avoid having an emergency manager appointed to oversee it, the state Treasury Department said Friday.

WWJ Newsradio 950–2012/12/15

Detroit Mayor To End Bonus Checks For Nonunion Workers

The most recent end-of-the-year bonus checks issued by cash-strapped Detroit to nonunion city employees may be the last.

WWJ Newsradio 950–2012/12/14

Detroit Issues Bonus Checks To Nonunion Employees

Months after Mayor Dave Bing said he wanted to eliminate so-called longevity pay, the cash-strapped City of Detroit has issued bonus checks to nonunion city employees.

WWJ Newsradio 950–2012/12/13

City Council, Mayor’s Staff Discuss Detroit Cash Crunch

Detroit City Council and the mayor’s staff are meeting Tuesday morning to avoid their own version of the fiscal cliff.

WWJ Newsradio 950–2012/12/04

Cuts Sought As Detroit Makes Up Bond Money Loss

The next 30 or so days likely will show just how dire Detroit’s fiscal plight is as Mayor Dave Bing’s office pours over plans to make up millions of dollars in bond money the city failed to get from the state.

WWJ Newsradio 950–2012/11/25

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