Detroit Free Press: Detroit faces the same challenges after bankruptcy. I thought the Grand Bargain grandly took care of all of that?
In a series of tweets, Kristi Culpepper explains the problem:
"Simple explanation of why Detroit will be back in bankruptcy in the short-term: Their bankruptcy plan assumes that the city will pick up $841 million from new revenue and cost savings. City's revenues now are at $972 million. And somehow they actually had experts testify that those assumptions were reasonable."
(To which Matt Fabian adds: "[Freep] article fails to mention how there is less room for error now, Detroit having sold the art.")
