Detroit’s Proposed Budget: 2,500 Layoffs, $250 Million In Cuts

The city of Detroit, which recently reached a deal for the state to oversee its finances, is

Photo submitted by Nathan Barnes

proposing a budget that  cuts more than 2,500 jobs in an effort to reduce its annual expenses by  $250 million.

The Detroit Free Press says the 2,500 layoffs would be on top of 1,000 job cuts Mayor Dave Bing sought earlier.

The proposed budget, laid out for city council’s review, also calls for the Detroit Department of Transportation, the city’s troubled bus system, to be privatized. It would transfer operations of the city’s lighting department to an independent authority.

Many homeowners have complained about broken street lights and problems with Detroit’s power grid, which is separate from the rest of the area.

Meanwhile, Michigan Gov. Rick Snyder is set to speak about the city’s future today.