Detroit has a GUN pointed at it's HEAD - Debt Crisis in 2024

[O3H]

BANG ! - Detroit has a pension problem -

Starting in 2024, Detroit officials project they will face annual payments
of at least $143 million after the city's bankruptcy debt-cutting plan
required just nominal payments of $20 million from 2016 to 2019
and no payments from 2020 through the 2023 fiscal year.

http://www.crainsdetroit.com/article...-pension-cliff

"Duggan is banking on is the tax base will continue to get bigger
and they'll continue to generate more revenue,"
said CEO of O'Keefe & Associates in Bloomfield Hills.
"When you get to 2024, he'll hopefully have enough cash
to pay the $143 million, because he doesn't have it now"

At the end of fiscal 2017,
the Police and Fire Retirement System was about 78 % funded