A fiduciary is a legal relationship of trust between two or more parties.  The fiduciary has the responsibility of prudently taking care of money or assets for others.  The fiduciary,  for example a city or corporation acts in a fiduciary capacity to its citizens or employees, who for example has entrusted funds in the form of taxes or pensions to the fiduciary for safe keeping or investment.  As asset managers--of pension plans, endowments and other tax-exempt assets—they are considered fiduciaries under applicable statutes and laws.

In a fiduciary relationship, the city of Detroit citizens and employees, in a position of vulnerability, justifiably vests confidence, GOOD FAITH, reliance and trust in another whose aid, advice or protection are sought in some matter. In such a relation good conscience requires the fiduciary to act at all times for the sole benefit and interest of the one who trusts.

A case may be made on the legal relationship that the city of Detroit and the State of Michigan as fiduciaries have with the citizens of Detroit and its employees.  Giving taxpayers money away to rich businesses that may have had little or no benefit to its taxpayers or Detroit employees may have been done to better the status of Detroit and the state of Michigan in lieu of safeguarding the life, limb and property of its citizens. With each tax giveaway Detroit citizens were compelled to offset the giveaways by paying higher and higher property taxes. Citizens unable to pay higher taxes while having to pay mortgages and to feed and clothe themselves were forced to abandon their homes leaving them to looters, drug dealers and fire bugs.  As their homes stood abandoned their fiduciaries turning their heads, for decades, allowed looters, drug dealers and firebugs to destroy them leaving Detroit in blight.