Here's the headline about GM bankruptcy delivered to our front porch
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Michigan is feeling brunt of latest GM cuts

I read this Detroit News story about how yesterday's General Motor's cuts were affecting Michigan and I almost wanted to throw-up.

Of course, there's the closing of the auto plants, but there's also the side effects.

There's the reduced revenues from property taxes. Take Oakland County and what the Detroit News reported:

The county is already bracing for an expected $80 million a year drop in property taxes related to job losses and foreclosures through 2012, and the GM plant closing will further exacerbate the financial squeeze.

How are other local units of government responding to property tax losses? Are they planning for it? What services will be affected?


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