Detroit declares bankruptcy
A few depressing facts and thoughts about Detroit from the city's June 2013 proposal for creditors.
- The city dealt with its shrinking tax base the way many of them do -- it squeezed the stone for more water.
- — David Freddoso (@freddoso)Thu, Jul 18 2013 15:53:50City, County, and state property tax on a $50,000-assessed residence in Detroit is $3,354 (before any exemptions). In DC it's $425.
- Just one small example of how money is wasted through overstaffing in city agencies.
- — David Freddoso (@freddoso)Thu, Jul 18 2013 14:42:49"149 full-time employees are involved in payroll process, 51 are uniformed officers (i.e., high-cost personnel performing clerical duties)"
- — David Freddoso (@freddoso)Thu, Jul 18 2013 15:10:25Irresponsible governing -- including over-promising to city workers -- means those workers now get screwed. Too much owed to them.
- Naturally, city services suffer under these conditions before pensioners get stiffed. That's been happening in Detroit for years.
- — David Freddoso (@freddoso)Thu, Jul 18 2013 16:15:18At some point, people just stop paying those high property taxes. http://www.detroitnews.com/article/20130221/METRO01/302210375 …e/201302…
- The Detroit News found 77 blocks in the city with only one property owner who had bothered to pay taxes. Because when you're not getting anything in return....
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