The summation is the latest blow to the city which came under state oversight in March when Gov. Rick Snyder selected Orr to handle Detroit's finances. Then, the city estimated its budget deficit to be about $327 million. Detroit also has struggled over the past year with cash flow, relying on bond money held by the state to pay some of its bills
Monday, May 13, 2013
REPORT: DETROIT'S FINANCES CRUMBLING; FUTURE BLEAK
This is the result of so many wrong ideas and decisions over the decades. This cash cow is dessicated!