Unsurprisingly. The stakeholders should be commended for making this consensual.

Detroit entered bankruptcy after the two major bankruptcies in CA [[San Bernadino and Stockton) and is out before either of them.

We all have an interest in this not happening again. Please, please, please demand from your councilmembers and mayor that they do not make promises they can't keep or spend money they don't have. Any plan that counts on asset sales or one-time accounting gimmicks to balance the budget should result in grass-roots protests like the one outside the courthouse, if our voting populace understands how we got here in the first place.