RSCD News & Media Room

Current News That May Interest You:

Wayne Co. Approves Labor Agreements With Unions

Friday, October 02, 2015

Wayne County Commissioners on Thursday unanimously approved labor agreements between the county and seven unions reached under a consent agreement with the state. Read More »

9 things to know about Social Security as it turns 80

Wednesday, August 19, 2015

Program was signed into law 80 years ago Friday Read More »

Will Detroit’s Success Encourage More Cities to File for Bankruptcy?

Wednesday, August 19, 2015

Call it moral hazard. Detroit was one of very few cities to go into bankruptcy. It emerged a mere 16 months later and its finances are improving. On July 30, Moody’s Investors Service upgraded Detroit’s credit rating. Read More »

Eight Things We Learned from the Detroit Bankruptcy: Thompson Coburn

Wednesday, August 19, 2015

Detroit’s historic trip through Bankruptcy Court ended in December 2014 with the confirmation of the City’s Plan of Adjustment, which trimmed $7 billion in debt from the city’s balance sheet and promised improved resident services. Read More »

Detroit City Council approves water rate hike

Tuesday, July 21, 2015

A divided City Council on Tuesday narrowly approved an overall 7.5 percent increase in water rates for city residents. Read More »

2 years after filing, bankruptcy put Detroit on track

Friday, July 17, 2015

Saturday marked the second anniversary of the City of Detroit’s filing for bankruptcy. Read More »

Presentations from the Informational Meeting June 10, 2015

Wednesday, July 08, 2015

The latest information from the RSCD June 10th informational meeting. Read More »

Former RSCD Legal Counsel Ronald Zajac Passes

Wednesday, July 08, 2015

Ronal Zajac, former legal counsel to the RSCD passed away July 6, 2015. Our thoughts and prayers go out to Ron’s family and friends. We extend our condolences. Visitation for Mr. Zajac will take place on Sunday, July 12, 2015 from 2:00pm to 7:00pm at Harry J. Will Funeral Home, 37000 Si... Read More »

Former RSCD Legal Counsel Ronald Zajac Passes

Wednesday, July 08, 2015

Ronal Zajac, former legal counsel to the RSCD passed away July 6, 2015. Our thoughts and prayers go out to Ron’s family and friends. We extend our condolences. Visitation for Mr. Zajac will take place on Sunday, July 12, 2015 from 2:00pm to 7:00pm at Harry J. Will Funeral Home, 37000 Six Mile Road ... Read More »

City of Detroit Healthcare Trust (VEBAs) Close on Financing

Thursday, July 02, 2015

The City of Detroit Police and Fire Retiree Healthcare Trust and the General Retiree Healthcare Trust (the “VEBAs”) have closed on their financing with Citibank to provide two-year, short-term financing. The short-term financing will allow the VEBAs to continue to pay current retiree healthcare bene... Read More »

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