A day after the Detroit City Council rejected a key condition of the state's release of $30 million of badly needed bond proceeds, the city's CFO said that unpaid furlough days and other cuts could offset the loss and that "bankruptcy is not an option."
Detroit CFO: City Won't Run out Cash Despite Loss of $30M in Bond Proceeds
NOV 21, 2012 3:12pm ET
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New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.
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