Detroit Mayor Introduces Cost-Cutting Budget

Check out this story in the Detroit Free-Press about the motor city's financial woes. Here's an excerpt:

Detroit Mayor Dave Bing's proposed $2.9-billion budget doesn't slice and dice through city services or its employees, but it does trim the workforce by 300, moves satellite offices back to City Hall and reduces spending in nearly every department.

Bing, who presented his first spending plan to the City Council on Tuesday, shaved $101 million in city spending to create his 2010-11 budget. If approved, it will go into effect July 1.

"We realized these savings by focusing first on what we as a city government could do better, cutting out millions in waste and putting controls in place to increase accountability," Bing said.

For the full story, click here.