Detroit Deputy Mayor Kirk Lewis presented a draft budget to City Council Thursday morning, a week after the city entered into a consent agreement to allow greater state oversight of its finances. Lewis said Detroit will have a $268 million deficit at the end of the fiscal year in June. The new budget looks to radically cut and restructure city government to balance the budget going forward and eliminate that deficit. "Nobody wants these cuts, especially not the citizens who have already suffered," Lewis said. But these cuts are essential to ensure the city's long-term financial stability." BLOG POSTS
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