Housing Challenges Add To City’s Deficit
The City of Flint is taking in far less money because of the large number of abandoned homes and decreased property taxes. Those are the prime culprits in the city now facing a deficit of nearly $17 million, according to the latest audit.
Mayor Dayne Walling didn’t rule out the possibility of more job cuts to trim the deficit, but instead he is hoping to ask for permission to borrow $20 million to pay the deficits off. The Flint City Council would have to approve any such loan.