Daily Archive: May 14, 2013

    EFM Report: Detroit Should Get Out of Power Supply Business

    The current state of Detroit’s electricity grid is not only unreliable but a burden to the city and its residents and the maintenance of the public lighting system has cause the city to continue to operate at a loss, according to a new report emergency financial manager Kevyn Orr will release Monday to the public. The…

    Mayor Bing to Abandon Race for Mayor Tuesday?

    Amidst speculations that there is a movement underway to draft Detroit Mayor Dave Bing to enter an already crowded field for mayor, Bing himself will tell Detroiters Tuesday afternoon what he plans to do. Mayor Bing will appear at the Charles Wright Museum of African American History at noon to announce whether he will officially become a mayoral…

    EFM Report: Detroit’s General Fund is in the Negative

    According to a report set to be officially released Monday by Detroit emergency financial manager Kevyn Orr, Detroit’s General Fund is in the negative and will remain so because the city is generating no revenue. The long anticipated report will spell out the dire terms that the city is in financially as Orr works to…