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Michigan Lawmakers Weigh Aid for Detroit on Pensions
The New York Times; subscription may be required Jan. 16, 2014
"Opening up the delicate question of how much help the State of Michigan ought to provide its ailing largest city, state leaders are weighing whether to devote hundreds of millions of dollars to help spare the pensions of Detroit retirees, while also saving the city's prized art collection from the risk of sale in bankruptcy.... 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[.]"
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