A majority of Wayne County Commissioners voted Thursday morning to approve County Executive Robert A. Ficano’s controversial $175 million debt-reduction plan,
On a vote of 8-6, the commissioners approved the plan that’s expected to return the county to fiscal solvency by the end of 2015, the Detroit Free Press reports.
The plan voted on by commissioners did not contain one of the more controversial provisions – the elimination of health care coverage for some retired county workers.
But it still calls for spinning off the county’s wastewater treatment plan, a move that is expected to result in a $121 million profit, and includes the transfer of $81 million from the delinquent tax revolving fund to the general fund.Approval of the plan means the state won’t step in and appoint an emergency manager. The county had until the end of the month to get approval from the county commission to avoid that.