Photo: markindetroit on flickr
Unless Hamtramck gets bankruptcy protection, Cooper said it won’t be able to pay its nearly 100 employees or the pensions of its 153 retirees who consume nearly a third of the city’s $18 million budget.
Hamtramck would be the first Michigan municipality to declare bankruptcy. It could be the first of many: “There’re lots of towns in trouble,” Cooper said.
Hamtramck wouldn’t even have this trouble if it wasn’t squabbling with near-bankrupt Detroit over tax money. The city has sued Detroit for withholding shared tax revenue from the GM Poletown plant, which Detroit says it had overpaid previously.
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