Detroit’s filing for – and future emergence from – municipal bankruptcy is being watched from around the world. Everyone has an opinion about its need, whether pensions should be protected, what other cost-cutting measures other cash-strapped municipalities should take (like privatization of services, selling assets, slashing salaries…) and what, if anything, Detroit’s fiscal health means to the rest of Michigan.
Now, with the release of a survey of hundreds of state municipals leaders, we know what they think…
Listen to Michigan Radio’s report that explores the findings of the University of Michigan’s Center for Local, State and Urban Policy survey of local leaders throughout the state. Despite party affiliation, the administrators are generally supportive of Detroit’s bankruptcy filing and also offer ideas about what fiscal strategies municipalities should pursue in the interest of responsible financial management.
But they have concerns…especially when the issue of state assistance is raised.
Do you agree with their opinions?