Come Monday, we will know Acting Flint Mayor Mike Brown’s plans for eliminating about $15 million in city debt. The plan is expected to have three main parts to it. We do know the mayor plans to call for $5 million dollars of debt to be paid off this year. An additional $10 million in debt will be paid off over the next five years at a rate of about $2 million dollars per year. To bring in revenue, fees for building permits and various licenses are expected to go up. It’s not yet clear by how much. So far about 100 jobs have been eliminated, with a majority in the police and fire departments.
There has been talk of more layoffs as well. The recovery plan to be presented by Mayor Brown is a required action by the State of Michigan for any municipality that operates with a budget deficit.
