Michigan Senate panel OKs Detroit bankruptcy bills - Los Angeles News | FOX 11 LA KTTV

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>>

  • Flood victims get cleanup help from volunteers

    Flood victims get cleanup help from volunteers

    Saturday, August 30 2014 8:30 PM EDT2014-08-31 00:30:55 GMT
    It's been three weeks since historic floods submerged roads and highways and damaged thousands of homes and businesses across Metro Detroit. Saturday, volunteers came together to lend a helping hand.
    It's been three weeks since historic floods submerged roads and highways and damaged thousands of homes and businesses across Metro Detroit. Saturday, volunteers came together to lend a helping hand.
  • Suspect sought in Royal Oak bank robbery

    Suspect sought in Royal Oak bank robbery

    Saturday, August 30 2014 8:17 PM EDT2014-08-31 00:17:18 GMT
    Royal Oak police are investigating a bank robbery that occurred Saturday morning at the Fifth Third bank located on Woodward near Carmen Avenue.
    Royal Oak police are investigating a bank robbery that occurred Saturday morning at the Fifth Third bank located on Woodward near Carmen Avenue.
  • Customer at Menards killed by falling tiles

    Customer at Menards killed by falling tiles

    Saturday, August 30 2014 6:47 PM EDT2014-08-30 22:47:00 GMT
    Chesterfield Township police say a customer has died tonight after a pallet full of flooring tile fell on him at the Menard's located on Market Place Road.
    Chesterfield Township police say a customer has died tonight after a pallet full of flooring tile fell on him at the Menard's located on Market Place Road.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

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