Detroit Mayor Dave Bing’s proposal to sell $250 million in debt reduction bonds cleared its first major hurdle then the state House Appropriations Committee approved the sale by a 19-8 vote on Wednesday. The bonds be backed by future state revenue sharing funds and future property tax receipts, both of which have been dropping steadily for years. No word on how the city will pay its bills when those future funds are used to pay off the bonds and therefore unavailable to pay their then-current bills.