Business Services Industry
Week in Review.(Briefs)(Mayor Kwame Kilpatrick proposes general fund budget)(Richard Manoogian resigns from Masco Corp.)(Frank Wu resigns from Wayne State University Law School)
Crain's Detroit Business, April, 2007
Kilpatrick's budget: $1.93B, lease of tunnel part of plan Mayor Kwame Kilpatrick has proposed a $1.93 billion general fund budget for the city of Detroit that includes hiring 106 new police officers and spending $11 million to restore the 10 percent city employee pay cuts of last year. His plan, submitted to City Council Thursday, shows a $97 million increase over this year's $1.83 billion budget, with no tax-rate increases.
The revenue to cover the added spending is projected to include a $25 million increase in tax collections, $14 million from switching commercial trash pickups to fee-paid, and added grant money. The plan also includes Detroit leasing its half of the Detroit-Windsor Tunnel to Windsor for 75 years, starting in 2020, in exchange for $75...
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