After more than 13 years, Detroit’s bankruptcy case is officially closed.
Jer Staes
Detroit, MI
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U.S. Bankruptcy Court Judge Thomas Tucker on Tuesday afternoon granted the city’s request for a final decree, ending federal court oversight of Detroit’s finances.
The move signals the city is meeting the terms of its post-bankruptcy plan, including keeping up with pension obligations.
Fiscal year 2027 will mark the fourth consecutive year Detroit has made its required pension contributions, supported in part by the Grand Bargain and the city’s Retiree Protection Fund.
“Our team remains focused on the rigorous, long-term fiscal management necessary to protect our retirees and ensure our residents never face this kind of financial uncertainty again,” said City CFO Tanya Stoudemire in a press release.
The move wraps up one of the most consequential chapters in Detroit’s modern history and shifts full responsibility for maintaining fiscal discipline back to City Hall.
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