Michigan House approves Detroit bankruptcy bills - Fox 2 News Headlines

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 This material may not be published, broadcast, rewritten or redistributed.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

  • Minimum wage hike launches this Labor Day

    Minimum wage hike launches this Labor Day

    Monday, September 1 2014 7:30 AM EDT2014-09-01 11:30:54 GMT
    Minimum wage workers across metro Detroit and the rest of the state are getting a small raise this Labor Day.
    Minimum wage workers across metro Detroit and the rest of the state are getting a small raise this Labor Day.
  • All you need to know: Arts, Beats and Eats 2014

    All you need to know: Arts, Beats and Eats 2014

    Monday, September 1 2014 7:28 AM EDT2014-09-01 11:28:22 GMT
    Celebrating its 17th year and returning to the bustling streets of Royal Oak from Aug. 29 - Sept. 1, Ford Arts, Beats Eats presented by FirstMerit Bank will entertain thousands of visitors from across the region with its outstanding music line-up, stellar arts programming, mouthwatering selection of food, and a number of new attractions this Labor Day weekend.
    Celebrating its 17th year and returning to the bustling streets of Royal Oak from Aug. 29 - Sept. 1, Ford Arts, Beats Eats presented by FirstMerit Bank will entertain thousands of visitors from across the region with its outstanding music line-up, stellar arts programming, mouthwatering selection of food, and a number of new attractions this Labor Day weekend.
  • VP Joe Biden speaking in Detroit on Labor Day

    VP Joe Biden speaking in Detroit on Labor Day

    Monday, September 1 2014 7:19 AM EDT2014-09-01 11:19:13 GMT
    Vice President Joe Biden is scheduled to be in Detroit on Labor Day for the second time in three years.
    Vice President Joe Biden is scheduled to be in Detroit on Labor Day for the second time in three years.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

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