# @cityofdetroit on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DGoNt2OP6TU
- **Gondola URL:** https://gondola.cc/posts/28663927-cityofdetroit-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/f78238f08e.jpg
- **Posted:** 2025-02-28T19:32:32.000+00:00
- **Account Owner:** City of Detroit (@cityofdetroit) — https://gondola.cc/cityofdetroit

## Caption

Detroit, we made it through the worst. Look at us now! Mayor Mike Duggan has presented his last proposed fiscal year budget and four-year financial plan to City Council today.  This marks the 12th balanced budget for Detroit since exiting bankruptcy and caps a remarkable journey to economic and financial recovery that includes significant investment and revenue growth creating a safer, more vibrant and sustainable City for its residents.

Because of the City’s growth and investment over the years, Mayor Duggan announced that the City would be reducing its debt millage by 3 mills, a historic move that will provide property tax relief for Detroit homeowners. For example, a homeowner with a $100,000 valued home would save $150 in property taxes with a 3-mill reduction.

The proposed budget supports our highest priorities including additional funding for preventing homelessness and investing more in DDOT and community violence prevention work, all of which contribute to a more vibrant, safe, and sustainable city for residents.

Mayor’s last proposed budget leaves nearly $500 million in reserves including $348 million in Retiree Protection Fund, $150 million in Rainy Day Fund
Promise to retirees are kept as budget includes a second year of one-time supplemental retirement checks (13th check)

#RoadmaptoRecovery #BeLikeDetroit

## Stats

- **Views:** 0
- **Likes:** 207
- **Shares:** 0
- **Comments:** 13

## Tags

belikedetroit, roadmaptorecovery

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