TITLE

Detroit Council's Pension Bond Plan Only Covers 2005

AUTHOR(S)
Carvlin, Elizabeth
PUB. DATE
May 2004
SOURCE
Bond Buyer;5/26/2004, Vol. 348 Issue 31892, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the Detroit City Council has sent an amended fiscal 2005 budget to Mayor Kwame Kilpatrick on May 24, 2004 that includes $80 million in proceeds from the sale of pension obligation certificate. Observation that it left open the broader question of whether the city will issue up to $1.2 billion to cover the city's larger unfunded pension liabilities.
ACCESSION #
13224360

 

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