In a twist of irony, the city of Detroit is required to reduce its income tax rate because it no longer meets state-set criteria for financial distress (it met those criteria from 2003-2007 and 2009-11, they were waived by the state legislature for 2008 and 2009). Although the loss in revenue represents a small part…
Tag: detroit
Detroit meetings must be public
A blog about urban austerity and fiscal crisis can’t help but get preoccupied with Detroit. There’s so much backstory here that it’s unavoidable to jump in to the middle. For now, I wanted to highlight the development of a twist in the state’s effort to declare a financial emergency in Detroit. The panel charged with…
Fiscal emergencies in Michigan
In 2010, Governor Snyder of Michigan signed an emergency manager law that has resulted in the takeovers of four Michigan cities and the Detroit Public School District. The state has also taken preliminary steps in the process of declaring fiscal emergency in the city of Detroit. There is an important backstory and politics to the…