Snyder wants $350 million for Detroit
LANSING – Gov. Rick Snyder and Republican legislative leaders announced a proposal to allocate up to $350 million throughout 20 years to Detroit’s unfunded pension obligations. Flanked by House Speaker Jase Bolger, R-Marshall, and Senate Majority Leader Randy Richardville, R-Monroe, Snyder said Wednesday the proposal was a settlement, not a bailout. “This is not a bailout of dollars for Detroit’s debt, this is not a bailout of banks and other creditors,” Snyder said.






