Judge Approves Detroit Bankruptcy Plan
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ozgurcoskun/iStockphoto/Thinkstock(DETROIT) — A judge approved the city of Detroit’s plan to climb out of bankruptcy on Friday.
The plan will erase billions of dollars in debt by cutting pensions. Mayor Mike Duggan pointed out that the plan will also allow for additional services. “There are going to be more than 200 additional police officers on the street as a result of the plan,” Duggan said. “There’s going to be an additional hundred firefighters on the street.”
He added that the city is “very happy to be able to get this fresh start.”
According to the Detroit News, the city can still not implement the plan at least until a schedule is put in place, as soon as a hearing on Monday. The city will also spend $1.7 billion tearing down houses, installing new computer technology and purchasing fire trucks and police cars.
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