Michigan House approves Detroit bankruptcy bills - Dallas News | myFOXdfw.com

Michigan House approves Detroit bankruptcy bills

Posted: Updated:
LANSING, Mich. (AP) - The Michigan House has approved Detroit bankruptcy legislation that commits $195 million in state money to prevent deeper cuts in retiree pensions and the sale of city-owned art.

The House voted 74-36 Thursday to spend money to match contributions from foundations and the Detroit Institute of Arts. Eleven bankruptcy-related bills cleared the Republican-led chamber and go to the Senate.

One bill puts Detroit's finances under the oversight of a state-led commission for at least 13 years. The board could go dormant sooner if the city has balanced budgets.

Republican Rep. Al Pscholka of Stevensville says it's better to settle the bankruptcy rather than potentially leave Michigan liable for billions in pension debt. But Democratic Rep. David Nathan of Detroit says he fears Michigan's "takeover" of Detroit could go on forever.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Local NewsLocal NewsMore>>

  • M-1 rail project to begin

    M-1 rail project to begin

    Tuesday, July 22 2014 8:31 AM EDT2014-07-22 12:31:11 GMT
    Woodward Avenue in downtown Detroit will soon be shut down for four months.
    Woodward Avenue in downtown Detroit will soon be shut down for four months.
  • Recalled: Fresh fruits sold at Trader Joe's, Costco & Sam's Club

    Recalled: Fresh fruits sold at Trader Joe's, Costco & Sam's Club

    Tuesday, July 22 2014 7:37 AM EDT2014-07-22 11:37:54 GMT
    A California company is recalling fresh fruits nationwide due to possible listeria contamination.
    A California company is recalling fresh fruits nationwide due to possible listeria contamination.
  • Pensioners approve Detroit bankruptcy plan

    Pensioners approve Detroit bankruptcy plan

    Monday, July 21 2014 11:39 PM EDT2014-07-22 03:39:04 GMT
    The city of Detroit says workers and retirees have approved pension cuts, a crucial step to emerging from the largest municipal bankruptcy in U.S. history. The city reported results Monday after two months of balloting ended July 11. 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.
    The city of Detroit says workers and retirees have approved pension cuts, a crucial step to emerging from the largest municipal bankruptcy in U.S. history. The city reported results Monday after two months of balloting ended July 11. 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.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices