Michigan Live reports Detroit could run out of cash in December, plan must include layoffs



Bing is expected to discuss a confidential Ernst & Young report obtained by the Detroit Free Press that suggests Detroit could run out of cash by April without steep cuts to staff and public services.



That's a grim prognosis, but according to Brown, the city actually could be unable to make payroll "as early as December."



"I know the report says April, but there are certain risk assumptions that when you take those into consideration, worst case scenario you could run out (of cash) in December," Brown said this morning on WJR-AM 760.



In his speech tonight, Bing is expected to propose privatizing the city's public bus system and lighting departments, both of which have been failing residents but reportedly cost them $100 million a year in subsidies.