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New Jersey’s Laws and Fiscal Safeguards Make Municipal Bankruptcy Unlikely

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New Jersey’s Laws and Fiscal Safeguards Make Municipal Bankruptcy Unlikely

Financial oversight and structure of revenue sources among factors helping to prevent Detroit-like crisis

Recent developments in Detroit have renewed interest in municipal bankruptcy proceedings and the reasons that brought that city to its present financial situation. (Reevey/NJSpotlight)

https://www.njspotlight.com/stories/13/10/19/new-jersey-s-laws-and-fiscal-safeguards-make-municipal-bankruptcy-unlikely/

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