CHICAGO — Michigan’s House Appropriations Committee will hold a hearing today on a bill that would allow Detroit to sell $250 million of fiscal stabilization bonds to help erase the struggling city’s deficit.

The measure is part of Mayor Dave Bing’s deficit elimination plan. Under the plan, Detroit would sell $250 million to cut down an estimated $325 million deficit and avoid running out of cash by early next year. The move would allow the city to stop issuing short-term notes, on which it has become increasingly dependent to pay bills.

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