January 24, 2005

Detroit budget crisis: Feed the cities, not the Pentagon

At a special symposium at Wayne State University on Jan. 4-5, corporate and banking consultants, along with the mayor and other city officials, blamed the city's fiscal crisis on the loss of population. Detroit went from a high of over 1.5 million people in 1951 to 900,000 today, with a corresponding 12-percent drop in property tax revenue.

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