In the fourth quarter of its fiscal year 2014, the city of Detroit projected it would bring in $55 million in property taxes. Instead, it collected just $6.7 million, about $48.3 million short of what it expected.The great moments of ObamaCare.
The city revealed the shortfall in its most recent filing with the Michigan Department of Treasury by Emergency Manager Kevyn Orr.
Saturday, August 30, 2014
Detroit Expected $55 Million in Property Tax Revenue; It Brought in $6.7 Million Finance expert: Missed projections 'compares to that in many third world cities'
Michigan Capitol Confidential reports:
Posted by Steve Bartin at 7:26 AM