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Detroit emergency manager’s report paints bleak picture of broke city

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Even if Detroit stopped functioning as a city and did nothing but collect taxes and pay its creditors, it couldn’t pay off its debts in 20 years, according to a new report out by a state-appointed emergency manager. That report by Emergency Financial Manager Kevyn Orr paints a bleak picture of the struggling city, which is expected to end the year with a $162 million shortfall....

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