CITY
OF
DETROIT
PROPOSAL
FOR
CREDITORS
EXECUTIVE
SUMMARY
JUNE
14,
2013
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This proposal is based on numerous projections and assumptionsconcerning future uncertain events including estimates of tax revenuesand forecasts of future business and economic conditions in the Cit allof which are beyond the control of the City. Actual results may differfrom the assumptions and projections presented herein, and suchdifferences could be material.
Additional data are being gathered or developed, and various criticalfinancial and operational analyses remain in process. Thus, thisproposal remains subject to material change
.
OFFICE
OF
THE
EMERGENCY
MANAGER
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Table
of
Contents
I. Detroit
Faces
Strong
Economic
Headwinds 3II. Key
Objectives
for
a
Financial
Restructuring
and
Rehabilitation
of
Detroit 33III. Current
Financial
Status 34IV. T e
C ty
Has
Ta en
Act on
to
A ress
Its
F nanc a
C a enges 39V. Restructuring
and
Reinvesting
in
City
Government 41.
VII. Ten
Year
Projections
(General
Fund
Only) 47VIII. Restructurin
Pro osal 50IX. Calendar
and
Contacts 61
OFFICE
OF
THE
EMERGENCY
MANAGER
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