Snyder Calls Bolger's Bankruptcy Idea "Challenging"

In the battle to solve Detroit

Typical American city skyline (Detroit, Michigan)

Michigan's Speaker of the House isn't making Detroit's bankruptcy any easier, according to Governor Rick Snyder.

Republican Jase Bolger will not allow a vote to give $350 million toward pensions until unions agree to contribute from their own reserves.

That's something Democrats won't support, and Governor Rick Snyder wants the vote, saying "The Detroit situation is one I believe a settlement would be by far the best answer, so hopefully we can all work towards that, but it's not all that different than the normal legislative process where you have give and take."

The current plan uses $816 million, with the state paying about $350 million. The rest would come from foundations and other private sources.


WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 256467711 - wilx.com/a?a=256467711
Gray Television, Inc.