Wednesday, April 30, 2014

In Lansing today, Orr to lawmakers: We're counting on $350M in state funding

In Lansing today, Orr to lawmakers: We're counting on $350M in state funding | Crain's Detroit Business: "Detroit Emergency Manager Kevyn Orr met with state lawmakers in Lansing Tuesday to urge approval of $350 million in state funds to help bring the city out of bankruptcy.

 Orr told reporters he felt the “grand bargain” — $816 million in pension contributions pledged by private foundations and the Detroit Institute of Arts, as well as the $350 million from the state — was in “very good condition,” and that he hopes a deal can be reached sooner rather than later, because the state funding is built into the plan of adjustment.

 “We’re counting on this,” Orr said."

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