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Detroit's Financial Crisis: Applications to Real Estate

On Tuesday, a Wayne County review team has determined that Detroit is in a financial crisis due to budget deficits and a severely underfunded healthcare program. Governor Rick Snyder has only a week and half to officially declare Detroit’s financial crisis. Wayne Executive Warren Evans requested the status of Detroit’s economy, asking the state for an official declaration of financial crisis declaration and an agreement to fix such issues. The review team appointed July 2 said Wayne County’s past yearly budgets and a $1.3 billion unfunded healthcare initiative hav...

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9 Dec 2015