DETROIT (WXYZ) - Four hundred city, township and county officials from across Michigan are in town to talk about Detroit in bankruptcy and their own financial problems.
Dozens of them face legacy debt with retirees pensions and health care, no growth and a shrinking tax base.
They may not follow Detroit into Chapter 9, but they could be close to an Emergency Manager, according to Dan Gilmartin the CEO of the Michigan Municipal League.
The convention brought in Frank Shafroth of George Mason University.
Shafroth has studied several big cities in financial trouble. He says all elected officials from the Oval Office to every city hall is watching Detroit.
But Shafroth also says bankruptcy is not an easy, automatic solution for cities.
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