Syncora Guarantee said in a court filing that the plan put together by state-appointed emergency manager Kevyn Orr and attorneys hired by the city is unfair.
Kevyn Orr is moving ahead with a plan to privatize the city’s parking department despite the City Council’s rejection of the proposal.
Mayor Mike Duggan is getting more control over city operations — including the embattled water department.
A judge still must hold a trial to determine if Detroit’s overall bankruptcy plan is fair and feasible, but support from retirees is vital.
More than 30,000 retirees and current and former workers were eligible to vote on pension changes.
“I think it’s appropriate for me, when this does come to an end, to exit quietly…”
What’s Ahead For The Great Lakes State? ‘Michigan In Transition’ Examines Historic Change Of Leadership
As the state that put the world on wheels looks to its future – change is in the air.
A judge overseeing Detroit’s bankruptcy is getting an earful from retirees who are opposed to the city’s plan to get back on its feet.
“This judge wants everybody in Detroit that has an objection to the city’s plan to get out of bankruptcy come to court and prove the case,” WWJ’s Charlie Langton said.
Ficano went so far as to say city officials should decline the raise. “The answer should be not just ‘no,’ the answer should be ‘hell, no,” Ficano said.