Michigan’s Governor inches toward a solution on pensions and the DIA:
Gov. Rick Snyder, a Republican who is expected to seek re-election this fall, raised the prospect of state financing with legislators in closed-door meetings this week. Details of the proposal, including the precise source of the money, are in flux. But one option would be for Michigan to provide $300 million to $400 million over several decades, according to people with knowledge of the meetings who spoke on the condition of anonymity because of privacy rules surrounding mediation talks in Detroit’s bankruptcy case. […]
Under the plan arranged quietly in recent months with the private foundations and now aimed at including state money as well, the art museum would be transferred to the control of a nonprofit group, and the additional money would be turned over to the city’s pension system.
Lawmakers Weigh Aid For Detroit On Pensions (NY Times)
