EM’s former firm bills Detroit $1.4M for 6 weeks of work
Lawyers billed up to $1,000 an hour working for the cash-strapped city.
Public, media forced out of EM meeting
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.
Gov. Snyder declares financial emergency in Hamtramck
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.
Detroit’s new EM: Pension trustees’ 22K trip to Hawaii is ‘monumental lapse of judgment’
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.
Day before filing deadline, Bing still unsure whether he’ll run for re-election – or is he?
Bing appeared to struggle when asked about his political plans during a press conference about the city’s finances today.
Single arson drained fire resources for entire east side of Detroit; budget cuts endangering lives
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.