02/21/2012 02:45 pm ET

Detroit City Council Financial Analyst: Labor Agreements Unlikely To Save Much Money

Tentative agreements reached between the city of Detroit and its labor unions are unlikely to achieve significant savings, according to a new report by the Detroit City Council's top financial analyst.

Many of the key points of the tentative agreements don't have sufficient documentation to show whether they'd save the city money, and some provisions actually could increase costs, wrote Irvin Corley Jr., the council's fiscal analyst.

Read more on Crain's Detroit Business