It isn&rsquo;t just the State of Michigan that faces such grave financial woes; there are a number of cities in Michigan that are on the verge of bankruptcy because of a severely diminished tax base.<br />
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For an article on what is facing these fiscally depressed cities and what options they might possibly have to resolve their situations follow this story link from &ldquo;<em><strong><span style="color: rgb(128, 0, 0);">detnews.com&rdquo;</span></strong></em>, by Daniel Howes: &ldquo;Michigan's struggling cities face financial reckoning&rdquo;<br />
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http://detnews.com/article/20101118/OPINION03/11180345/Struggling-cities-face-financial-reckoning<br />
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