via WXYZ
“Fitch downgraded $203 million in building authority bonds, $186 million in limited general obligation bonds and $51 million in stadium refunding bonds. … jail boondoggle that wasted $130 million and counting.
Wayne County has a structural debt of $50 million and $40 million more is needed each year to bring its pension system back – the underfunding accounts for about 70 percent of the long-term debt of $2.9 billion.”
Hmmm… bond issues, huh?
![](https://i0.wp.com/rightmi.com/wp-content/plugins/like-dislike-counter-for-posts-pages-and-comments/images/up.png?w=656&ssl=1)
![](https://i0.wp.com/rightmi.com/wp-content/plugins/like-dislike-counter-for-posts-pages-and-comments/images/down.png?w=656&ssl=1)