The House Committee on Detroit’s Recovery and Michigan’s Future today approved 11 bills providing financing and oversight for the city as part of the bankruptcy process.
The legislation now heads to the full House for a vote, expected as soon as tomorrow. The package provides $195 million as part of the “Grand Bargain,” the deal to fund pensions and protect Detroit Institute of Arts works from sale to pay creditors. The agreement also relies on DIA-raised funding, money from the philanthropic community and pensioners approving the city’s offer that reduces payments for some retirees and cuts health care and cost-of-living raises.
Some of the bills were amended, specifically adding a representative from the Detroit City Council to the oversight committee.
Rick Pluta reported for the Michigan Public Radio Network about the vote.
Here’s what some of the committee members said after the votes.
Rep. Harvey Santana (D-Detroit): “I just want to express my deepest gratitude and thank you to everyone on the committee. I think that if you look up and down at the different individuals on this committee, you will see a diversity of political ideology and different walks of life and the fact that we were able to put politics aside and really look at this from the public policy perspective among elected officials I think is very humbling, and it’s the way government should work.”
Rep. Stallworth: “This process was very complex. It continues to be complex and it has a lot of moving parts and we’ve spent a lot of hours trying to address what were viable concerns relative to the initial set of bills.”
Rep. Poleski: The bills will provide for “a healthy, prosperous Detroit sooner than later.”
Rep. Walsh: It will be subject to a vote in (the full House) … Just because it moves from this committee doesn’t mean it’s a done deal.”