You guys really need to stop with the bankruptcy nonsense. No future EFM of Detroit is going to file bankruptcy especially now that they have dictatorial powers to do what they want.
Exactly.

irc, there is a state law which allows for cities above 750k to have an income tax of 3%. Cities below 750k can only charge 1.5%.
Now there is a situation with the potential for some serious mischief in the legislature. Not to say that potential will be realized.

I think that an EFM for Detroit is pretty much a foregone conclusion at this point. I'm not sure what the point of waiting is--maybe politically it is better to wait until people aren't being paid.