Michigan Senate panel OKs Detroit bankruptcy bills - FOX13 News, WHBQ FOX 13

Michigan Senate panel OKs Detroit bankruptcy bills

Posted: Updated:
LANSING, Mich. (AP) -- A committee in the Michigan Senate has approved spending $195 million to help shore up Detroit's pension funds, moving the legislation closer to Gov. Rick Snyder's desk.
 
The Republican-led Senate Government Operations Committee voted 5-0 Tuesday to contribute state money to join commitments from 12 foundations and the Detroit Institute of Arts toward a deal designed to end the largest public bankruptcy in U.S. history. The full Senate could vote as early as later in the afternoon.
 
The pool of money would prevent steeper cuts to retiree pensions while the city-owned art museum and its assets would be transferred to a private nonprofit and shielded from being sold in the bankruptcy case.
 
The Senate panel's vote came two weeks after the GOP-controlled House approved the bills in bipartisan votes.
  • Local NewsLocal NewsMore>>

  • Dollar Tree buys Family Dollar

    Dollar Tree buys Family Dollar

    Monday, July 28 2014 7:34 AM EDT2014-07-28 11:34:12 GMT
    Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.
    Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.
  • Storm damage in Oakland and Macomb counties

    Storm damage in Oakland and Macomb counties

    Monday, July 28 2014 6:27 AM EDT2014-07-28 10:27:31 GMT
    Damage was reported across Metro Detroit Sunday after severe storms moved across our area. About 200,000 customers lost power in the hail, heavy rain, strong winds, localized flooding and thunder and lightning.
    Damage was reported across Metro Detroit Sunday after severe storms moved across our area. About 200,000 customers lost power in the hail, heavy rain, strong winds, localized flooding and thunder and lightning.
  • Sunday's storm captured by Fox 2 viewers

    Sunday's storm captured by Fox 2 viewers

    Sunday, July 27 2014 11:48 PM EDT2014-07-28 03:48:38 GMT
    We have more video of the storm and storm damage from across southeast Michigan. It's Fox 2 viewer pics and video that you sent to us.
    We have more video of the storm and storm damage from across southeast Michigan. It's Fox 2 viewer pics and video that you sent to us.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices