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Mayor Bing’s Statement Regarding Detroit Bankruptcy Filing

Mayor Bing’s Statement Regarding Detroit Bankruptcy Filing

Post ID: 39966 | POSTED ON: Jul 19, 2013
 
 

DETROIT – Detroit Mayor Dave Bing made the following statement today regarding the City of Detroit’s filing for municipal bankruptcy under Chapter 9 of the U.S. Bankruptcy Code:

 

“Today’s bankruptcy filing is an unfortunate event in our City’s history. While it has never been my desire that the City file for bankruptcy, I understand why Kevyn found it necessary to do so.  I said when I entered office four years ago that our City was in a financial crisis.  I also said we cannot simply cut our way out of this situation.

“This action will hopefully be the foundation for the fiscal turn-around of our City. Our citizens have suffered long enough and deserve better. I want to say to the people of Detroit that although we are moving into uncharted waters, Detroit has a history of fighting back during tough times.  Hopefully, this is the beginning of a better path forward for our City and our people.”

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MAYORS & CITIES is a Washington, DC Magazine published by Metropolix Media, Inc a Nonprofit , Nonpartisan News Organization that promotes cities as centers of democracy , good governance , leadership and opportunity by strengthening civic engagement on public policies.Mayors & Cities Magazine also intends to give Mayors , Elected Officials and Citizens the opportunity to make their voices and positions heard in the search for solutions to major problems that our cities are facing today.

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