Detroit mayor announces plans to save city $50 million

Published On: Dec 19 2012 01:02:37 PM EST
Updated On: Dec 19 2012 05:49:31 PM EST

Detroit Mayor Dave Bing has announced 10 initiatives designed to save or bring in about $50 million to the struggling city.

DETROIT -

Detroit Mayor Dave Bing has announced 10 initiatives designed to save or bring in about $50 million to the struggling city.

The revenue enhancements were detailed Wednesday at City Hall during a press conference with Bing and his Chief Financial Officer, Jack Martin.

Detroit faces a deficit of at least $200 million and has been struggling to maintain cash flow. 

“We’re going to fight,” Bing said. “There’s way too much attention being given to what we’re trying to do to stave off a financial manager. We’re doing what we need to do right now to try to right the ship of the city of Detroit.”

Uncut: Detroit mayor goes over revenue plans.

Bing said he and his team have come up with 10 initiatives that include $14 million in parking judgments and other delinquent collections. Another $13 million would come from income tax collections and improvements to tax processing systems.

The city wants to crack down on the 30 percent of Detroiters who don’t pay their solid waste fees, implement a new payroll system and sell off abandoned cars for scrap metal.

The city is also going to sell off the Veterans Memorial Building and a handful of others that weren’t named for a revenue boost of $7 million.

Bing also had a stern message for those who owe the city taxes.

“We expect them to pay,” he said.

The $50 million in savings would be added to $10 million expected to be saved from several hundred planned layoffs and unpaid furlough days.

Bing initiatives were unveiled a day after the state Treasurer's office said a review team had been selected to pore over Detroit's finances. That process could lead to a state-appointed emergency financial manager.

More News headlines from Detroit: