Mayor Dave Bing says Detroit won't run out of cash, despite pace of financial progress

Mayor Dave Bing says Detroit won't run out of cash, despite pace of financial progress | City of Detroit | Detroit Free Press | freep.com: "Detroit must meet crucial reform goals before the state releases more than $80 million in bond revenue now in escrow. Board members said Monday that they're concerned the city isn't making enough progress, particularly with savings from reduced employee health care not kicking in until Jan. 1. Bing conceded as much but said his administration believes a cash-flow crisis will be avoided, despite huge challenges. For one, the state's emergency manager law faces a crucial test Nov. 6, when voters decide a referendum on it. Equally difficult, he said, is opposition from the city's unions, a lack of cash to upgrade outdated technologies and low morale in battered city departments that have endured pay cuts, furloughs and work force reductions."

As I've said before, ACTION not words, Mayor Bing!

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