Michigan Prepares For A Tsunami Of Muni Financial Crises

State after state will go bankrupt, asking the even more bankrupt federal government for a bailout. Dozens of Michigan’s municipalities and school districts could soon face major financial problems and an unnamed handful are on the brink of becoming insolvent, warns State Treasurer Andy Dillon. To prepare for the onslaught, the state treasurer’s office will [...] continue reading the breaking news