Detroit City Council Budget Hearing Non Departmental Capital Debt 03-25-2026

Detroit City Council Budget Hearing (Non-Departmental / OCFO) · March 25, 2026

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Opening and transition to OCFO presentation

Presentation

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Council president (chair) called the meeting to order and introduced John Naglick (OCFO team) to begin the non-departmental budget presentation.

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Detroit budget hearing: OCFO presented FY27 non-departmental budget, long-term pension and debt strategy (use of retired protection fund, $1.6B legacy pension liability) and council adopted multiple closing-resolution motions including additional retiree payments and requests on investment committee control.

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Transcript

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