Detroit, Mich. reach agreement on milestones for fund money

Published On: Nov 15 2012 05:15:40 PM EST   Updated On: Nov 15 2012 07:06:49 PM EST

The Michigan Department of Treasury and Detroit Mayor Dave Bing's administration said Thursday they had reached an agreement on milestones that must be met in order for the city to receive installments of funds being held in escrow by the state.