[JURIST] Michigan Governor Rick Snyder [official website] unveiled [press release] a new state budget on Wednesday that would allocate state funds to be used to cover Detroit [official website] workers' pensions, currently the subject of controversy in the city's bankruptcy proceeding. The plan sets aside $17.5 million annually for 20 years from funds the state received in a settlement with tobacco manufacturers. This is a major step towards the funding of the pension plans, which are in danger of being...

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