On Air Now

Upcoming Shows

Program Schedule »


Listen Live Now » 1450 AM Holland, MI


Current Conditions(Holland,MI 49422)

More Weather »
72° Feels Like: 72°
Wind: WSW 17 mph Past 24 hrs - Precip: 0.06”
Current Radar for Zip


Heavy Thunderstorms 71°


Thunderstorms Early 60°


Scattered Thunderstorms 61°


Financial plan for Detroit bankruptcy released

DETROIT (WKZO) -- Detroit Emergency Manager Kevyn Orr has filed the "plan of adjustment" with the bankruptcy court.

The plan outlines the city's approach in dealing with an estimated 18-billion dollars in debt.  The proposal calls for cutting the pensions of general retirees by 34-percent and the pensions of retired police and firefighters by ten-percent.

Orr also wants to give creditors who are owed over 374-million dollars in bond payments approximately 20-percent of what they are owed.  He wants to create a voluntary employee benefit association to handle medical and other benefits promised to employees as well.

The plan is the first step in a process to reach an agreement between the city and creditors.