Latest News from News 3

Las Vegas News | Weather | Sports | Traffic - MyNews3

Detroit: Bankruptcy vote to be revealed next week

Detroit, Michigan. (File) (Spencer Platt, Getty Images)
Detroit, Michigan. (File) (Spencer Platt, Getty Images)
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 7/14 11:15 am

DETROIT (AP) — Detroit says it's on track to publicly disclose voting results in the city's bankruptcy case next Monday.

Attorney Heather Lennox says it won't be sooner because "tabulation is a little complicated." She responded to a question Monday from Judge Steven Rhodes.

More than 30,000 city retirees and current and former workers were eligible to vote on pension changes. Their approval would trigger a bailout, valued at $816 million, from the state of Michigan, foundations and the Detroit Institute of Arts.

That money would prevent the sale of art and avert larger pension cuts. Approval or defeat will be part of a trial next month on Detroit's bankruptcy exit plan.

The size of each retiree's claim has a role in how the votes are counted. Voting ended Friday.

 

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share

Slideshows

Popular Right Now:
Body recovered of missing Lake Mead swimmer

Updated: 7/23/2014 9:22:43 PM

2004 Creative Commons photo of Lake Mead (Kjkolb, Copyright 2004 Kjkolb, Creative Commons Attribution-Share Alike 3.0 Unported)
Poll


All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service
You may also view our Sitemap.

FCC assistance for any person with disabilities can be provided by contacting us at publicfilehelp@mynews3.com

KSNV Profile & Public Inspection Files

2014 NBCUniversal Media, LLC. All rights reserved. Portions by Broadcast Interactive Media

FOLLOW US!


Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.