Overview
- An official audit for the 2024–25 fiscal year set Detroit’s surplus at $105 million after a September projection of $60 million.
- This marks the city’s 11th consecutive surplus of $100 million or more during Mike Duggan’s tenure.
- Duggan said departments underspent by roughly $100 million compared with their original budgets, citing fiscal discipline across agencies.
- City leaders reported $550 million in reserves with pension and debt obligations met for the year.
- Duggan held his final press conference before leaving office Dec. 31 as Sheffield prepares to become Detroit’s first woman mayor and as he pursues a 2026 independent gubernatorial bid.