City Council, Mayor’s Staff Discuss Detroit Cash Crunch

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    DETROIT (WWJ) – Detroit City Council and the mayor’s staff are meeting Tuesday morning to avoid their own version of the fiscal cliff.

    Council President Charles Pugh says they want to hear exactly where city hall’s stands on the money, what they have left, and what’s the mayor game plan, that includes more furlough days and layoffs.

    Pugh says the council’s fiscal analysts have come up with a plan to avoid bankruptcy and an emergency manager that would see more layoffs, pay cuts and city workers paying more for health care. He also wants what he calls more substance and the truth behind the Miller Canfield contract tied to $30 million in bond funding for Detroit.

    Financial analysts have said the city, which carries a budget deficit of more than $200 million, could run out of cash before the end of the year.

    http://detroit.cbslocal.com/2012/12/04/city-council-mayors-staff-discuss-detroit-cash-crunch/

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