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How rising water costs could drive this Michigan city to bankruptcy

Highland Park, Michigan, may face Bankruptcy over tens of millions of dollars in water bills, following a financial crisis that left residents without a working water plant. The city's mayor has called on the state to approve an expedited bankruptcy to get their financial affairs in order. Highland Park's annual water and sewer bills of $7m, and growing, are almost as much as the city's total property tax collections of $9m per year. The city's population and tax revenue have declined over the decades and emergency management under multiple governors followed.

The post How Rising water costs could drive this Michigan city to bankruptcy appeared first on Balanced News Summary.



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How rising water costs could drive this Michigan city to bankruptcy

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