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- On July 18, 2013, a state-appointed manager made Detroit the largest U.S. city to file for bankruptcy. A decade later, the Motor City has risen from the ashes of insolvency, with balanced budgets, revenue increases and millions of dollars socked away.
apnews.com/article/detroit-bankruptcy-debt-pensions-12786f6e3d0eb6c9910b430b08f08f3010 years since bankruptcy, Detroit's finances are better but ...
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Sep 15, 2013 · An in-depth Free Press analysis of the city’s financial history back to the 1950s shows that its elected officials and others charged with managing its finances repeatedly failed — or refused —...
Jul 12, 2024 · Years of financial mismanagement and a shrinking tax base eventually caught up with Detroit. The city struggled to balance its budget and provide basic services. In 2013, Detroit became the largest U.S. city to file for bankruptcy.
Jan 8, 2015 · The U.S. Census Bureau reports that Detroit's population has fallen to 713,777, a 25 percent plummet from 2000 and the lowest level in 100 years. Detroit's finances are premised on a...
Dec 8, 2013 · A look at how the collapse of Detroit – battered by financial missteps, racial tensions and leadership lapses – culminated in insurmountable debt that led the city to file for bankruptcy.
Jun 30, 2021 · Detroit’s bankruptcy marked the culmination of a drawn-out fiscal struggle for the city. After many years of chronic financial and administrative dysfunction, Detroit had become the quintessential example of so-called “urban decay” rampant in American legacy cities.
Jul 17, 2023 · Thousands of city employees and retirees lost big on July 18, 2013, when a state-appointed manager made Detroit the largest U.S. city to file for bankruptcy. A decade later, the Motor City has risen from the ashes of insolvency, with balanced budgets, revenue increases and millions of dollars socked away.
Dec 10, 2014 · The review team concluded Detroit had a serious financial problem, triggering a deeper probe that led to the appointment of an emergency financial manager. - An audit released on Jan. 3,...
