My Way News - Detroit mayor: Deficit nears $300M, cuts ordered: "The mayor of Detroit says the city's deficit is approaching $300 million and he has ordered all departments to reduce their budgets by 10 percent.
Mayor Ken Cockrel Jr. said in a statement Friday that new problems are being discovered daily regarding the finances and financial reporting practices of the administration of his predecessor, Kwame Kilpatrick."
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$3 billion budget. $300 million deficit. New problems being discovered daily. Thank you, ex-Mayor Kilpatrick.
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