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The $200 million rescue package from Michigan's rainy day funds to support Detroit retirees
05/22/2014
A bill passes the Michigan legislature for $200 million to go to support Detroit retirees. Michigan governor is authorized under the bill to appoint seven members to a financial review panel that will oversee the city's finances for many years, including specific approval of items over $750,000.
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$200 Million Could Curb Pension Cuts in Detroit
New York Times 05.22.2014
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