City Of Detroit Reports Budget Surplus
It wasn’t that long ago that the city of Detroit went through a historic bankruptcy. Now, for a second year in a row, Mayor Mike Duggan’s administration is reporting a deficit-free budget. This is important for two reasons. It means there are dollars to make improvements (we’ll get into what the Mayor has in mind in a moment), and it’s one more step toward exiting active oversight by the Detroit Financial Review Commission a restriction imposed under terms of the 2014 bankruptcy. One of a nu...