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The Fiscal Condition of the City of Detroit

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The Fiscal Condition of the City of Detroit CitizensCitizens ResearResearchch CCch Councilouncilouncil ofof MichiganMichigan TheThe FiscFiscThe FiscFiscThe alal CCal CCal onditiononditiononditionondition ofofofof thethe CitCitthe CitCitthe yy ofofofof DetrDetry DetrDetry oitoitoitoitoitoit AprilApril 20102010April 20102010April RepRepRepRepRepReporororororortt 361361t 361361t CCCELEBRELEBRELEBRAAATINGTINGTING 94 Y EARSEARSEARS OFOFOF INDEPENDENT,,, N ONPONPONPARARARTISANTISANTISAN PPPUBLICUBLICUBLIC POLICOLICOLICYYY RESEARCHESEARCHESEARCH INININ M MICHIGANICHIGANICHIGAN Board of Directors Chairman Vice Chairman Treasurer Eugene A. Gargaro, Jr. Jeffrey D. Bergeron Nick A. Khouri Joseph R. Angileri Ingrid A. Gregg Lynda Rossi Deloitte. Earhart Foundation Blue Cross Blue Shield Jeffrey D. Bergeron Marybeth S. Howe of Michigan Ernst & Young LLP Wells Fargo Bank Jerry E. Rush Beth Chappell Nick A. Khouri ArvinMeritor, Inc. Detroit Economic Club DTE Energy Company Michael A. Semanco Rick DiBartolomeo Daniel T. Lis Hennessey Capital LLC Rehmann Kelly Services, Inc. Terence A. Thomas, Sr. Terence M. Donnelly Aleksandra A. Miziolek St. John Health Dickinson Wright PLLC Dykema Gossett PLLC Amanda Van Dusen Randall W. Eberts Cathy H. Nash Miller, Canfield, Paddock and W. E. Upjohn Institute Citizens Bank Stone PLC David O. Egner Paul R. Obermeyer Kent J. Vana Hudson-Webber Foundation Comerica Bank Varnum, Riddering, Schmidt & Howlett LLP Eugene A. Gargaro, Jr. Bryan Roosa Masco Corporation General Motors Corporation Advisory Director Louis Betanzos Board of Trustees Chairman Vice Chairman Patrick J. Ledwidge Mark A. Murray Terence E. Adderley Eric R. Gilbertson Alphonse S. Lucarelli Michael Rao Kelly Services, Inc. Saginaw Valley State University Susan W. Martin Virginia Commonwealth University Jeffrey D. Bergeron Roderick D. Gillum Eastern Michigan University Douglas B. Roberts Ernst & Young LLP General Motors Corporation William L. Matthews IPPSR- Michigan State University Stephanie W. Bergeron Allan D. Gilmour Plante & Moran PLLC Irving Rose Walsh College Alfred R. Glancy III Kenneth J. Matzick Edward Rose & Sons David P. Boyle Unico Investment Group LLC Beaumont Hospitals Gary D. Russi National City Bank/PNC Thomas J. Haas Sarah L. McClelland Oakland University Beth Chappell Grand Valley State University Chase Nancy M. Schlichting Detroit Economic Club James S. Hilboldt Paul W. McCracken Henry Ford Health System Mary Sue Coleman The Connable Office, Inc. University of Michigan, Emeritus John M. Schreuder University of Michigan Paul C. Hillegonds Patrick M. McQueen First National Bank of Michigan Matthew P. Cullen DTE Energy Company The PrivateBank Lloyd A. Semple Rock Enterprises David L. Hunke Robert Milewski Dykema Tarik Daoud USA Today Blue Cross Blue Shield Lou Anna K. Simon Long Family Service Center Dorothy A. Johnson of Michigan Michigan State University Stephen R. D’Arcy Ahlburg Company Glenn D. Mroz Rebecca Smith Detroit Medical Center F. Martin Johnson Michigan Technological University Huntington National Bank James N. De Boer, Jr. JSJ Corporation Mark A. Murray Gerard L. Stockhausen Varnum, Riddering, Elliot Joseph Meijer Inc. University of Detroit Mercy Schmidt & Howlett LLP Hartford Hospital Cathy H. Nash S. Martin Taylor John M. Dunn Daniel J. Kelly Citizens Bank Amanda Van Dusen Western Michigan University Deloitte. Retired James M. Nicholson Miller, Canfield, Paddock and Stone David O. Egner David B. Kennedy PVS Chemicals PLC Hudson-Webber Foundation Earhart Foundation Jay Noren Kent J. Vana David L. Eisler Patrick J. Ledwidge Wayne State University Varnum, Riddering, Ferris State University Dickinson Wright PLLC Donald R. Parfet Schmidt & Howlett LLP David G. Frey Edward C. Levy, Jr. Apjohn Group LLC Theodore J. Vogel Frey Foundation Edw. C. Levy Co. Sandra E. Pierce CMS Energy Corporation Mark Gaffney Daniel Little Charter One Gail L. Warden Michigan State AFL-CIO University of Michigan-Dearborn Philip H. Power Henry Ford Health System, Emeritus Eugene A. Gargaro, Jr. Sam Logan The Center for Michigan Jeffrey K. Willemain Masco Corporation Michigan Chronicle Keith A. Pretty Deloitte. Ralph J. Gerson Arend D. Lubbers Northwood University Leslie E. Wong Guardian Industries Corporation Grand Valley State University, Emeritus John Rakolta Jr. Walbridge Northern Michigan University Citizens Research Council of Michigan is a tax deductible 501(c)(3) organization Citizens Research CCch ouncilouncilouncil of Michigan The FiscFiscThe al CCal onditionondition ofof the CitCitthe y ofof DetrDetry oitoitoit April 20102010April RepRepRepororort 361361t This CRC Report was made possible by a grant from Business Leaders for Michigan. CITIZENS RESEARCH COUNCIL OF MICHIGAN MAIN OFFICE 38777 West Six Mile Road, Suite 208 • Livonia, MI 48152-3974 • 734-542-8001 • Fax 734-542-8004 LANSING OFFICE 124 West Allegan, Suite 620 • Lansing, MI 48933-1738 • 517-485-9444 • Fax 517-485-0423 CRCMICH.ORG THE FISCAL CONDITION OF THE CITY OF DETROIT Contents Summary ..................................................................................................................... v Introduction ................................................................................................................. 1 The Economic Base ....................................................................................................... 2 Population ........................................................................................................................... 2 Households ......................................................................................................................... 4 Educational Attainment ........................................................................................................ 5 Labor Force Participation and Income .................................................................................... 5 Business Establishments ....................................................................................................... 5 Employment ........................................................................................................................ 8 County Employment ........................................................................................................... 11 Unemployment Rate........................................................................................................... 15 Land Use ........................................................................................................................... 16 Neighborhood Revitalization Strategic Framework .......................................................... 17 Housing Units .................................................................................................................... 17 Detroit Residential Parcel Survey ................................................................................... 20 Comparative Metro Area Economic Performance .................................................................. 21 City of Detroit Government .......................................................................................... 22 Structure ........................................................................................................................... 22 General Fund ..................................................................................................................... 23 Major Revenues .......................................................................................................... 24 Property Taxes ................................................................................................................... 25 Municipal Income Tax ......................................................................................................... 30 Utility Users’ Excise Tax ...................................................................................................... 33 Comparative Tax Burden .................................................................................................... 34 Casino Wagering Tax .......................................................................................................... 35 State Revenue Sharing ....................................................................................................... 36 Miscellaneous Revenues ..................................................................................................... 37 Monetization of Assets ....................................................................................................... 37 Examples of Asset Monetization ....................................................................................... 37 The Chicago Experience in Leasing Parking Meters ......................................................... 38 Chicago Skyway ........................................................................................................... 38 Midway Airport ............................................................................................................ 38 Indiana Toll Road ......................................................................................................... 38 Probability ................................................................................................................... 38 Fiscal Stabilization Bonds.................................................................................................... 38 Appropriations and Expenditures .................................................................................. 39 Number of Employees .......................................................................................................
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