If you follow the financial struggles of the city of Lansing, then you need to see this WLNS story about Moody’s downgraded the city’s credit rating. There are lots of questions:
- What does this mean for the present city budget? The next one for 2012?
- Will any of the present bonds sold by the city be affected or will it be only future ones?
- How long has it been since the city has had the top credit rating?
- What are the prospects that the credit rating will fall even farther?
- What role did falling property tax revenues play in the downgrade?
- When are property tax collections expected to rise again?
The city’s financial trajectory continues downward. How many more city hall employees can be laid off, including police and fire?
