The State has made it very clear that if the City of Detroit did not meet all three milestones as outlined in our agreement, money from the City’s escrow account would not be forthcoming. The Council’s rejection of the Miller Canfield contract means the City will not receive the first $10 million scheduled for release today. As a result, it will be more difficult for the City to maintain its liquidity until the receipt of property tax revenues beginning in January. Today’s vote is one more example of how City Council has stalled our efforts to bring financial stability to the City of Detroit.

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