DETROIT – Barely surviving the 2008 economic meltdown and humbled by its 2013 bankruptcy, Detroit’s fiscal future now faces another daunting foe in the coronavirus.
The state-forced shutdown of its three casinos, auto plants and other businesses to slow the spread of the COVID-19 virus is projected to cost Detroit $348 million over the next year and a half.
Mayor Mike Duggan warned that Detroit could see a return to state oversight if action is not taken quickly, as he announced some layoffs, pay cuts and a reduction in services. “We don't get to just solve one problem at a time,” Duggan said Tuesday in a televised address. “Because while we have a health crisis, we have the biggest budget crisis this city's seen in seven years and we have