63
      Tuesday
      87 / 64
      Wednesday
      86 / 63
      Thursday
      86 / 61

      Will state help settle Detriot's bankruptcy?

      Michigan lawmakers are set to consider legislation to provide state aid to help settle Detroit's bankruptcy while imposing conditions on the city.

      The first committee hearing on the 11-bill package is scheduled for Tuesday morning in Lansing. Detroit emergency manager Kevyn Orr will testify.

      Two more hearings are planned later in the week.

      The legislation would provide a $195 million lump-sum payment to help shore up Detroit pension funds and prevent the sale of city-owned art. A committee would be created to oversee city budgeting and spending for at least 20 years and possibly longer.

      Other conditions include prohibiting the Detroit Institute of Arts from renewing a three-county property tax millage when it expires in 2023 and eventually moving new city hires from pension plans to 401(k) plans.