Property tax laws: Why cities' services haven't recovered from housing bust
The cost of the housing bust isn't just measured in lost homes and property value.
Michigan communities cut nearly 3,000 police officers as falling property tax revenues stretched budgets. Fire protection and library service took a hit. As did municipal ice rinks, swimming pools and recreation centers. Spending on local roadwork was curtailed, too, leaving potholes and damaged vehicles as proof.
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