Detroit ‘Crushing’ Debt Among First City Overhauls, Orr Says

Detroit’s bond payments are “crushing” the city by hindering spending on public safety and are among the first liabilities that need to be addressed, emergency financial manager Kevyn Orr said.

“The debt service that the city can’t bear is crushing it under its weight,” Orr said at a luncheon in New York for the bankruptcy and reorganization group of the UJA-Federation of New York, a Jewish philanthropic organization. “First order of business is to get a hold of our balance-sheet issues.”