Financial report with calculator and pen

City of Detroit: FY 2013 Budget

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June 12, 2012 - Author: , Specialist

The City of Detroit’s Fiscal Year (FY) 2013 budget, beginning on July 1, 2012, marks a period of significant restructuring to restore financial stability. The Mayor presented a recommended budget to the City Council in April 2012 that eliminated 2,500 positions and reduced costs by $250 million to align revenues with expenditures and make progress toward eliminating a significant general fund deficit. At the end of May 2012, the Council approved a budget with amendments to the Mayor’s recommended budget, which he accepted. Despite the difficult decisions made during the budget process, the real challenge is now just beginning: successfully carrying out the budget plan.

This Question and Answer document explores issues that directly affect residents and taxpayers. A larger audience is interested as well. Detroit is representative of many older, industrial cities that have lost population and tax base while supporting a government organization and infrastructure built by previous generations. Detroit’s successes and setbacks will provide important lessons for municipal leaders who are balancing fiscal constraints with providing reliable, quality services.

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Tags: center for local government finance and policy, community, fiscal management, government, municipal fiscal distress, public policy


Related Topic Areas

Community, Fiscal Management, Government, Public Policy


Authors

Eric Scorsone

Eric Scorsone
scorsone@msu.edu

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