Detroit economy expected to grow in the next 5 years, according to report

A new report found good news is on the horizon when it comes to employment, wages and income. According to an estimate on the city’s finances, Detroit’s total general tax revenue will grow to more than $1.4 billion this fiscal year -- that’s up more than $39 million from the year before. It’s largely because of the rise of internet gambling and sports betting, along with increased property values. Now, we’re getting a better idea of how the city will fare in the next five years.  The Detroit Economic Forecast for 2025 to 2030 is out. It was prepared by a partnership between the city, the University of Michigan, Michigan State University and Wayne State University. Gabriel Ehrlich, the University of Michigan Economist who co-authored the report, joined Local 4 Live to talk more about the report.