-
The city faces the loss of $348 million of revenue because of the economic shutdown, threatening the balanced budgets it needs to avoid state intervention.
April 16 -
The city is projecting a $100 million deficit in its current budget once the public health crisis caused by COVID-19 eases, Mayor Mike Duggan said.
April 8 -
Moody's Investors Service revised its outlook on Detroit's general obligation bonds to positive from stable and affirmed its junk Ba3 rating.
February 26 -
Drawing the distinction between the region and the city helps the city provide better revenue projections going forward.
February 18 -
CFO Dave Massaron said the city is mindful of a potential downturn as it navigates its fiscal recovery from bankruptcy.
December 17 -
Chicago fared poorly in a Moody's report about the nation's largest cities and Illinois continues to stand out for budget stress and pension liabilities.
December 12 -
Michigan lawmakers are weighing bonds as an option for regional transit in the Detroit area.
December 5 -
The City Council rejected Mayor Mike Duggan's request for $250 million of bond authority to accelerate the demolition of vacant houses.
November 19 -
Officials of the art museum say the effects of Detroit's bankruptcy have impeded their efforts to build the endowment they had envisioned.
November 8 -
A new academic building for the University of Michigan is to rise on the property where construction of a bond-funded jail was abandoned.
October 31