Last summer the Detroit Governor realised local governments’ greatest fear with the words, “Basically, we’re broke”. Once a symbol of industrial power and the US automobile business, Detroit has become the largest US city ever to file for bankruptcy, with debts of almost $20bn.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login