To establish a Detroit fiscal management oversight commission consisting of the two state department heads, five other individuals appointed by the Governor, the Mayor and the president of the city council. Among the commission’s powers would be final approval of city budgets, larger purchases, borrowing, union contracts (except police and firefighter contracts imposed through binding arbitration), and more. The commission could waive any of these powers if the city adopts deficit-free budgets for three consecutive years and meets other specified conditions, but could resume its powers in the event of subsequent backsliding. This is part of a legislative package consisting of House Bills 5566 to 5575 that are related to the Detroit bankruptcy and a proposed state grant to the city of $195 million.
103 Yeas / 7 Nays | |
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