Detroit declares bankruptcy
A few depressing facts and thoughts about Detroit from the city's June 2013 proposal for creditors.
- — 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.
- — 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.
- — 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…
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