Michigan Gov. Rick Snyder announced his plans to help bolster Detroit pensions and protect publicly-owned artwork as part of the city’s ongoing bankruptcy negotiations.
The Republican governor unveiled the formal proposal today at a 3:30 p.m. press conference in Lansing, where he was joined by Senate Majority Leader Randy Richardville and Speaker of the House Jase Bolger.
“When you talk about retirees — the people that get pensions and health care — just because they worked their entire life doesn’t mean they still live in Detroit,” Richardville said, pointing to a statewide significance. “So this isn’t a bailout of Detroit at all. I saw the proposal. I like the proposal. I think it does a lot to help people out, and it’s worthy of consideration.”
Snyder presented a formal proposal to leadership on Tuesday, according to Senate Majority Leader Randy Richardville (R-Monroe), who declined to discuss details but will present the plan to his caucus on Wednesday before attending the governor’s afternoon press conference.
Hey Governor Synder….
1. If it is not a bailout, what is it?
2. If it is not a bailout, when does the State get its money back?
3. What is the difference between “general funds” and “tobacco settlement funds? Don’t all of these funds belong to ALL the taxpayers of Michigan?