Urges Swift Passage in State Senate
DETROIT, Mich. May 22, 2014 —Business Leaders for Michigan, the state’s business roundtable, applauded today the passage of legislation in the House of Representatives to facilitate Detroit’s exit from bankruptcy.
The 11-bill package of legislation provides a significant contribution to the comprehensive financial restructuring plan for Detroit and the establishment of a financial oversight process to ensure the maintenance of sound fiscal practices that will improve city services.
Doug Rothwell, President & CEO, cheered the passage, “This package represents an opportunity to make history, by getting Detroit through the largest municipal bankruptcy ever, on-time and in sound fiscal condition, and provide a model for the nation. Representative John Walsh and Representative Tom Stallworth deserve tremendous credit for their leadership in securing passage of this important legislation.”
Rothwell further explained, “To those outside our borders, Michigan’s image is greatly influenced by the image of Detroit, so it is critical for Detroit and Michigan, that Detroit be able to meet the citizens’ expectations for providing sound fiscal management, effective public safety, and cost-effective and reliable basic services.”
Voters across Michigan understand this. BLM polling research shows that majorities of Michigan voters from every part of the state recognize the importance of Detroit to the state’s economy and support the state making a significant financial contribution to a restructuring plan.
The legislation now moves to the Senate. “We are extremely pleased by the broad bipartisan support this legislation received in the House, and we respectfully urge quick action in the Senate to complete this critical work,” said Rothwell.
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