Mayor Mike Duggan has proposed spending more than $150 million of Detroit's budget surplus in part to fix broken sidewalks, demolish dangerous buildings, renovate parks and add money to the city's pension program.
The $156 million proposal, submitted to City Council for vote, comes after 2021-22…
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.
Detroit City Council OKs 2021-22 budget, raises for city workers
Detroit The City Council approved a $1.1 billion budget for the 2021-22 fiscal year that includes raises for city workers and funding to bolster skilled trades training for city residents.
The council voted 8-1 Wednesday in favor of the general fund spending plan, with Council Member Raquel Castaneda-Lopez casting the lone no vote, noting her disagreement with the prioritization of investing in the Detroit Police Department over critical social services.
The budget approval comes as the city works to recover from a massive financial blow from the COVID-19 pandemic that cost Detroit more than $410 million in revenues over a 16-month span.
Detroit Mayor Duggan unveils key budget priorities to City Council detroitnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from detroitnews.com Daily Mail and Mail on Sunday newspapers.