Property tax revenues are one of the most important sources of funding for local governments in Michigan, but jurisdictions' revenues are constrained in part because most have at least some properties that are exempt from taxes. This report presents Michigan local government leaders' opinions...

When a municipality is the debtor, as is the case in chapter 9 municipal bankruptcies, one might assume that the law recognizes community/taxpayer interests at all stages of chapter 9 proceedings. That assumption would be incorrect. Unlike bondholders, public employees (active and retired), and...

Recent large municipal bankruptcy cases have called into question the rights of debtor-cities to impair their capital markets creditors, on the one hand, and beneficiaries of their unfunded public pension promises, on the other. As I show in a companion work, federal bankruptcy law generally...