Quote Originally Posted by jt1 View Post
Those funds were raised form bonds that the city is on the hook for. So essentially the State gave the city it's own money. Now floating bonds doesn't really improve the situation but claiming it is the state's money doesn't paint reality
It should be noted however that the state is guaranteeing to pay back those bonds if in the event Detroit is unable to pay them back [[same with DPS), otherwise Detroit wouldn't be getting any bonds.

Of course the state isn't going to let that happen, so the taxpayers of Detroit will be on the hook for it.