Detroit is closing out the year with a gift that few cities can claim — a $105 million budget surplus.
Mayor Mike Duggan and Chief Financial Officer Tanya Stoudemire announced the final audit results on December 23, confirming that the city’s 2024–2025 fiscal year ended June 30 with its eleventh consecutive surplus since emerging from bankruptcy in 2014.
“This year’s surplus was generated by strong expense management,” Duggan said. “Nearly every city department finished under budget, and they did it while making sure we delivered on city services.”…