Anyone recall the grand days under Kilpatrict when the city coulld not produce timely audits [[especially the last couple of years)? The millions were ticking up then! Now we have a $196-million shortfall the city under Bing [[2010-11) onward...

Specifics as cited from article:
Budget woes from the 2011-12 fiscal year
• $66.6-million decline in state revenue sharing
• $34.9-million drop in property taxes
• $12.9-million decrease in other revenues, mainly because of a onetime $20-million receipt in 2010-11 from the Greater Detroit Resource Recovery Authority
• $21.7-million liability for the Detroit Department of Transportation’s employee benefits obligations
• $5.5-million subsidy to the Construction Code Fund to offset a fund deficit

See article:
http://www.freep.com/article/2013010...s-327M-deficit