 ccrp poll detroit bailout another option   new poll overview a new 11bill package introduced in the michigan house would allow using the state s rainy day fund for a lump sum payment to speed up the detroit s exit from bankruptcy and reduce pension cuts for retirees the state would send 195 million to detroit from the rainy day fund the bills would require pensions be moved to 401k retirement plans oversight of city finances for at least 20 years house speaker jase bolger stated that the consequences of not acting now would not only negatively impact detroit but negatively impact all of michigan the bills calls for creation of a 7member oversight commission that would monitor the city finances budgets debt issuance and revenues according the the bills sponsor the commission could operate for at least 20 years but go dormant during times of fiscal health the committee which would have broad authority to approve contracts and collective bargaining agreements would include appointees of the governor treasurer state budget director legislative leaders and the mayor of detroit but not members of the city council additional legislation would prohibit detroit from opting out of state costsharing requirements for healthcare premiums cap retirement and health benefits for new city workers at the level of state employees and move the city from a defined benefit to a defined contribution 401k plan when recentlynegotiated collective bargaining agreements expire the package would also codify pension investment committees outlined in detroit s latest bankruptcy plan of adjustment which creditors including retirees and bondholders will vote on during a period that begins next week and runs through early july the 195 million is less than michigan gov rick snyder s original proposal for 350 million over 20 years but the smaller lump sum option was requested by city pension officials the money would come out of the state budget stabilization fund which would be replenished through tobacco settlement revenues over the next two decades the state contribution would be coupled with 366 million pledged by philanthropic foundations and another 100 million from donors to the detroit institute of arts in addition to minimizing pension cuts the plan would protect prized artwork at the detroit institute of art from potential sale another bill would prohibit the dia from renewing an existing millage as the city transfers ownership to a private trust detroit s plan of adjustment requires preservation of the existing millage according to house republicans but does not address renewals or extensions new poll question should michigan pass a package of bills to bailout detroit with oversight by a committee to guarantee their solvency yes no undecided to vote in this poll click on this link should michigan pass a package of bills to bailout detroit with oversight by a committee to guarantee their solvency   to enter your comments click on add new comment after you vote previous poll question should the minimum wage in michigan be raised 54 no do not raise the minimum wage 35 yes raise the minimum wage from 740 to 815 8 yes raise the minimum wage gradually from 740 to 1010 by 2017 2 undecided two comments were made on this poll comment 1 minimum wage minimum wage issue should be one for the states there are vast differences in cost of living and one federal one is not reasonable also any increase in minimum wage has to have an option to have a training wage and or one for students under 21 years old this is the only way not to penalize people who need to learn and be trained businesses will not hire people that take their time and cost them money during training probation the government already provides income tax income from low wage earners so it is not necessary for those who are dependents and or have not in the past had the education or training or skills to work in a specific field or area to have a higher wage from the start comment 2 minimum wage from a free market economic point of view a minimum wage makes no sense at all the problem is that conservatives have never been able to make a case for opposing it without being painted as cruel and heartless republican candidates and office holders loose votes including republican votes if they oppose it   all emails addresses  