• SSMMA

BROKE, NOT BANKRUPT

At its recent annual conference, the Illinois Municipal League — a century old adviser and advocate for local government — took the unprecedented step of sponsoring an in-depth session on a volatile topic: hometown bankruptcies.

The September 18th session, entitled “Finance: Lessons from Detroit and Pension Cases,” couldn’t have been timelier. Many of Illinois’ municipal leaders are warily eyeing Motown’s bankruptcy proceeding while questioning whether their financially desperate and cash-crunched cities, suburbs and villages could face the same fate, a Rescuing Illinois investigation finds…Please click here to read  Andrew Schroedter and Patrick Rehkamp of the Better Government Association.

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