Miami & The Beaches Photo Blog
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Bankrupt Miami in Fiscal Emergency, Breaks Employee Contracts, Hikes Property Taxes
by Mike “Mish” Shedlock | Aug. 31, 2010, 10:43 AM | 6,188 | 39 Miami is bankrupt. Unfortunately the city refuses to admit it. In an enormously foolhardy attempt to make ends meet, in spite of the fact that Miami home prices have been hammered and 1-in-8 are unemployed, the County keeps pouring on the [...]