Gauging Detroit's Deficit

Carvlin, Elizabeth
May 2006
Bond Buyer;5/17/2006, Vol. 356 Issue 32383, p35
Trade Publication
The article reports on the Detroit City Council's fiscal analyst that believe the city's budget deficit is less severe that they recently predicted. The figures released by fiscal analyst Irvin Corley came closer to what Kwame Kilpatrick's administration predicted, when the mayor introduced the budget in April 2006. The city expects to bring refunding of about $800 million of pension certificates in the market as to extend the amortization schedule.


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