Michigan House approves Detroit bankruptcy bills - KMSP-TV

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 This material may not be published, broadcast, rewritten or redistributed.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>>

  • Police: 7-year-old girl shot while playing outside

    Police: 7-year-old girl shot while playing outside

    Sunday, September 14 2014 8:50 PM EDT2014-09-15 00:50:35 GMT
    Detroit Police are investigating a shooting tonight that has left a 7-year-old girl in critical condition.
    Detroit Police are investigating a shooting tonight that has left a 7-year-old girl in critical condition.
  • Deputies: Explosive device set off under camper trailer in Highland Twp.

    Deputies: Explosive device set off under camper trailer in Highland Twp.

    Sunday, September 14 2014 5:09 PM EDT2014-09-14 21:09:52 GMT
    Oakland County deputies say they're investigating an explosive device that was detonated under a camper trailer Saturday in Highland Township.
    Oakland County deputies say they're investigating an explosive device that was detonated under a camper trailer Saturday in Highland Township.
  • Let It Rip Weekend: The Party Chairs Debate & Detroit's Satanic Temple

    Let It Rip Weekend: The Party Chairs Debate & Detroit's Satanic Temple

    Let It Rip Weekend: The Party Chairs Debate & Detroit's Satanic Temple

    Sunday, September 14 2014 10:39 AM EDT2014-09-14 14:39:08 GMT
     We get into the race for Governor and that open U.S. Senate seat with the two most political guys in Michigan. The chairmen of the state Republican and Democratic parties join us to talk issues and probably slinging a little mud. Plus, we'll talk to someone who's bringing a branch of the Satanic Temple to Detroit. What do they really believe in? (hint: it's not worshipping the devil)
     We get into the race for Governor and that open U.S. Senate seat with the two most political guys in Michigan. The chairmen of the state Republican and Democratic parties join us to talk issues and probably slinging a little mud. Plus, we'll talk to someone who's bringing a branch of the Satanic Temple to Detroit. What do they really believe in? (hint: it's not worshipping the devil)

  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

KMSP-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

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