DETROIT, Mich. June 3, 2014 —Business Leaders for Michigan, the state’s business roundtable, applauded today the passage of legislation in the Michigan Senate to facilitate Detroit’s exit from bankruptcy.
The 9-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, applauded the passage, “This package will help continue the momentum, progress and cooperation building in Detroit by helping the city get through the largest municipal bankruptcy in history in sound fiscal condition. Senate Majority Leader Randy Richardville and Senator Gretchen Whitmer provided tremendous leadership in securing passage of this important legislation. ”
Rothwell further explained, “Detroit is critical to Michigan’s turnaround. This legislation allows for meaningful and positive change to occur in our state’s largest city. When it comes to Michigan’s turnaround, we are all Detroiters now.”
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