Lawyers billed up to $1,000 an hour working for the cash-strapped city.
Although Orr and his advisers were warned that as many as 1,000 Detroiters may show up, they held the event in a cramped, 250-seat venue at Wayne State University.
A five-member review team reported that the city has run four consecutive budget deficits and began ignoring its long-term obligations, such as pension payments.
Four of the city’s pension trustees billed taxpayers $22,000 to fund a convention trip to Hawaii this weekend, even as the city nears bankruptcy, largely over mismanaged, underfunded pension plans.
Bing appeared to struggle when asked about his political plans during a press conference about the city’s finances today.
As Gov. Rick Snyder announces plans today to take over the city’s finances today, the state will be responsible for Detroit’s public safety crisis.
Records: Despite state intervention and bankruptcy threats, city of Detroit continues to spend at unprecedented clip
Each day, the city spent about $350,000 more than it had in revenue, raising the accumulated deficit to more than $375 million.