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Guest column: Unfunded legacy costs = big trouble for local governments

By Robert Daddow/Oakland County deputy executive “Property tax revenues implode.”  “Deficit elimination plan draconian.”  “Troubled pension plan may not pay benefits.”  “Pension investments crash, will cost retirees.”  These troubling headlines reflect a branding that no responsible official would ever want to see for their community.  They create an image that stains a local unit as […]

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