Duggan to Present Budget to City Council with Return to Pre-COVID Levels

Detroit finances are moving in the right direction.

Detroit Mayor Mike Duggan will present the fiscal year 2022-23 budget to the Detroit City Council today will return to pre-pandemic level revenues, according to a press release.The new budget is reported to reflect the city’s revenues on par with levels prior to COVID-19 two years ago.

Duggan will discuss the city’s spending priorities include neighborhood improvements and beautification, transit, and protecting retiree pensions later this morning at the Detroit Public Safety Headquarters.

Detroit faced a number of financial challenges related to the pandemic and had cut $400 million from its budget two years ago due to revenue losses to keep the budget balanced and prevent a return of state financial oversight.

The fiscal year starts July 1.

Stay tuned to this developing story.

From the Web

X