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Detroit bumps up revenue projections

Detroit raised its fiscal 2023 and 2024 revenue projections but is proceeding with caution as a potential recession could put a dent in collections and pressures loom as pension payments resume.

Michigan state universityUnited statesWayne state universityMiller canfieldTom goresEric bussisGabriel ehrlichGretchen whitmerGeorge fultonMalik sheltonMike dugganMichigan treasury departmentUniversity economic analysis partnershipAudit committeeDetroit financial review commissionRetiree protection fund

Detroit revenue recovery on course but economic headwinds loom large

Detroit revised its general fund estimates upward for the current fiscal year at its latest estimating conference Monday.

Michigan state universityUnited statesWayne state universityEric bussisGabriel ehrlichSteve watsonGeorge fultonMike dugganMoody investors serviceCitizens research council of michiganMichigan finance authorityFederal reserveUniversity of michiganRetiree protection fundDetroit financial review commissionMichigan department of treasury

Detroit returns to bankruptcy court for pension funding dispute

Detroit says it can't afford to shave 10 years off the amortization schedule of its public safety pension obligations.

United statesMiller canfieldCharles raimiGabriel roederGerald rosenThomasj tuckerMarc swansonSteven rhodesMike dugganGabriel roeder smith companyMoody investors serviceMichigan finance authorityUs district courtRetiree protection fundCity councilDetroit financial review commission

Detroit cleared for fifth year of independent operations

Detroit still may ask the federal bankruptcy court to intervene in a pension fund matter that could add to the city's financial stress.

United statesGerald rosenMike dugganFinancial review commissionMoody investors serviceUs district courtMichigan finance authorityRetiree protection fundDetroit financial review commissionGovernment finance officers associationCourt chief judge gerald rosenMayor mike dugganInvestors servicePublic lighting utilityDetroit bankruptcy

Detroit picks up its second bond rating upgrade this month

S&P's upgrade moved Detroit's unenhanced GO rating higher in the speculative grades but also lifted a portion of its priority lien debt to investment grade.

United statesMike dugganJohn sauterDetroit financial review commissionRetiree protection fundEvercore wealth managementMoody investors serviceDetroit public lighting authorityMichigan finance authorityInvestors serviceMayor mike dugganPublic lighting utilityHoward cureDetroit financial reviewRetiree protectionCity of detroit

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