Kevyn Orr deposition shows Detroit's finances could have collapsed without casino revenue

(WXYZ) - We're getting a first look at what Detroit's emergency manager said during depositions about the city's finances.

Kevyn Orr said Friday that Detroit's finances were so bad, paychecks of city employees were bouncing.
 
He also said the city's finances could collapse if Detroit did not get all of its casino tax revenues.

Tax revenue generated by MGM Casino, Greektown Casino and MotorCity Casino Hotel is the city's third largest source of revenue.

Orr is proposing a settlement that pays 75 to 82 cents on the dollar to creditors.

But creditors are fighting back and hoping these depositions will give them a better shot at presenting their arguments in court.

FULL DEPOSITION BELOW: 

Detroit Emergency Manager Kevyn Orr deposition by webteam2410

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