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Tis landmark agreement was jointly developed by my admin-

istration, members o the Detroit City Council and the State o

Michigan.

O critical importance to Detroiters, this agreement preserves

City Charter, Executive and Legislative powers. It also provides

necessary fnancial mechanisms to execute a process that will

ensure the Citys fscal stability over time.

We believe this Financial Stability Agreement puts us on track

to restructure our City fnancially and reestablish an economic

inrastructure to make sure Detroit never aces these fnancial

conditions again.

Dave Bing, Mayor

between

the State of Michiganand the City of Detroit

Financial StabilityAgreement

Financial Stability

Agreement

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