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Posted: 6:26 AM Dec 1, 2009
Mayor Bing seeks bond support from Michigan lawmakers
Detroit, MI Bing's office says in a release that he is seeking support for legislation at the state Capitol to allow the city to use up to $250 million in fiscal stabilization bonds.
Reporter: The Associated Press |
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Mayor Dave Bing will meet with state lawmakers to discuss cooperation between Lansing and Detroit.
Bing's office says in a release that he is seeking support for legislation at the state Capitol to allow the city to use up to $250 million in fiscal stabilization bonds.
He is to meet with Tuesday with Michigan House and Senate leaders, and address Democrat and Republican caucus members.
Bing says Detroit is facing a budget deficit of more than $300 million. His administration claims to have saved nearly $17 million by cutting jobs and more than $11 million by turning over the operation of the city's aging downtown convention center to a regional board.
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