CHICAGO -- Detroit has postponed until next month the sale of up to $175 million of bonds for its waste incinerator that had been scheduled for this week, because of continuing legal work on the planned sale of the facility to Philip Morris Capital Corp.

Officials are counting on the incinerator's sale to balance the city budget for the last two fiscal years. About $15 million from the $54 million sale would be applied to the fiscal 1990 budget, and $39 million would be used toward the fiscal 1991 budget, which ends June 30. But the sale is contingent on the installation of pollution-control equipment that is to be financed with proceeds from the bond issue.

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