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Detroit: down but not out

Detroit News journalist says of Chapter 7, “It’s simply a regrouping”
By Charles Hallman

Staff Writer


Contrary to recent reports, after filing for bankruptcy protection last month, Detroit is still alive and well. According to some national pundits, the blame for Detroit’s financial woes starts and ends with the city’s five-decades-plus Black leadership, while

others suggest that Michigan Gov. Rick Snyder, a Republican, is not committed to helping the state’s largest and historically Democrat-controlled city. The Detroit News last week reported that Snyder as early as April 2012 vowed to help collect “millions of dollars in unpaid income taxes from 54 percent of Detroit residents who work in the suburbs.” If their employers don’t automatically withhold taxes from their paychecks, individuals are required to “estimate and remit the taxes each year on their own,” noted the news report. An estimated $142 million in uncollected income tax revenue in 2009 is owed to Detroit by city residents who work in suburban Detroit, reported the newspaper. It is estimated that Detroit is nearly $19 billion in debt. Continue Reading →

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