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Detroit boosts funding for business needs as it gets closer to deciding how it will spend federal pandemic relief funds

Detroit boosts funding for business needs as it gets closer to deciding how it will spend federal pandemic relief funds
crainsdetroit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsdetroit.com Daily Mail and Mail on Sunday newspapers.

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Whitmer rejects Detroit's Charter revision plan, cites 'legal deficiencies'

Whitmer rejects Detroit s Charter revision plan, cites legal deficiencies
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Detroit Gov. Gretchen Whitmer on Friday cited substantial and extensive legal deficiencies in her decision to reject proposed revisions for Detroit s City Charter.
The governor wrote in a letter to Detroit Charter Revision Commission Chairwoman Carol Weaver that the revised charter includes provisions that could cause a financial crisis for the city and that will require close study by the city s Financial Review Commission that was installed as a component of Detroit s bankruptcy, according to a copy of the letter released Friday.
If the proposed revisions cause a financial crisis, the FRC could then revoke the city of Detroit s and the Detroit Public School Community District s waiver, requiring the FRC to regain full oversight over the city s and school district s finances, Whitmer wrote. A financial crisis could have adverse consequences for residents, busine ....

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Detroit property values climb 8% in 2021 assessments

Detroit Residential property values climbed 8% last year, marking the fourth straight year of property value growth in Detroit, officials said Thursday.
Mayor Mike Duggan said 189 out of 194 neighborhoods saw values rise. The majority or 111 neighborhoods saw a 5% to 10% boost. Another 53 neighborhoods saw values go up by 10% to 15%; seven others had values go up by more than 15%. There were 18 neighborhoods that had increases of less than 5%.
It isn t they went up in downtown and Midtown and went down everyplace else, Duggan said during a news conference while referencing a color-coded city map. This is what a healthy, growing city should look like. It should show property values going up from one end of the city to the other. ....

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