Lawmakers Hold Hearing on Detroit Bankruptcy

Various shots of the Detroit, MI skyline.
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LANSING, Mich. (AP) -- Michigan lawmakers are considering legislation to provide state aid to help settle Detroit's bankruptcy while imposing conditions on the city.

The first committee hearing on the 11-bill package concluded Tuesday in Lansing. Detroit emergency manager Kevyn Orr told lawmakers that he has put together a "reasonable" plan, but to put it bluntly "we need your money."

Two more hearings are planned later in the week.

The legislation would provide a $195 million lump-sum state payment to help shore up Detroit pension funds and prevent the sale of city-owned art. A committee would be created to oversee city budgeting and spending for at least 20 years.

Another condition includes prohibiting the Detroit Institute of Arts from renewing a three-county millage when it expires in 2023.

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