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Legislature to vote on bailout for Detroit

Detroit's Emergency Financial Manager Kevyn Orr talks to members of the media outside the Detroit Newspapers building about the report he de
Detroit's Emergency Financial Manager Kevyn Orr talks to members of the media outside the Detroit Newspapers building about the report he de

LANSING, MI (WTVB) - Saving Motown with your tax dollars. Votes are scheduled today in a Michigan state House committee on a series of bills that would provide money to help win stakeholder approval of a Detroit bankruptcy settlement.  Legislators are being asked to authorize the equivalent of $350-million over 20 years for Detroit's two retiree pension funds and protection of the Detroit Institute of Arts collection from creditors.  Private foundations have committed a matching amount and the DIA will put in $100-million to the so-called grand bargain. 

The Michigan Building and Construction Trades Council announced yesterday an undisclosed contribution to retiree health costs.

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