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Detroit’s Long-Term Budget Stability Finds Firmer Fiscal Footing
Route Fifty: Budget officials at the Coleman A. Young Municipal Center delivered what they called good long-term fiscal news for the city of Detroit on Friday.
Back in October 2017, a Moody’s credit report for the Motor City found that post-bankruptcy debt payments scheduled to begin in 2025 would place major operational stresses on the city’s future budgets, but also noted that municipal officials had plenty of time to figure out options for refinancing.
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