Detroit bankruptcy will not be a trend says U.S. Conference of Mayors

3:04 pm
Tue September 17, 2013

Detroit bankruptcy will not be a trend says U.S. Conference of Mayors

Lead in text: 
President and Mesa, Arizona mayor Scott Smith says the problems that are facing Detroit—like rapid population decline, pension debt, and a decreasing tax base—aren't the same as other cities.
The president of the U.S. Conference of Mayors said today he doesn't expect Detroit's financial crisis to lead to a spate of other municipal bankruptcy filings, characterizing the city's problems as 'an outlier' compared to others. Scott Smith, the mayor of Mesa, Ariz., spoke to the Free Press on a trip to Washington.