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No stranger to ugly numbers, accountant-turned-Gov. Rick Snyder says he was stunned to learn from this week's Detroit Financial Review that the city is obligated to pay $1.57 billion to retirees over the next five years. That means a third of the city's annual revenue, or roughly $300 million, will go to long-term liabilities for former employees — not police and fire, not city services, nothing else.

1/3 of all revenue earmarked for people no longer on the city's payroll.
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