02/07/2013 09:16 am ET

Allen Park Plan Cuts Officials' Pay In Half

Allen Park Emergency Financial Manager Joyce Parker on Wednesday released details of a plan to right city finances, including a 50 percent pay cut for the mayor and council, and a 10 percent cut for city employees.

The city has an estimated $4 million structural deficit, a junk bond rating and an 18 percent drop in property tax revenues.

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