"We see a clear easing trend," CLOSUP administrator Thomas Ivacko told Bloomberg News. "But you can't yet say it's a good time for local government in Michigan."
Ivacko echoed those sentiments to other local and national media.
"It is the best since we started [MPPS] in 2009," Ivacko told The Bond Buyer. "In 2011 we saw some initial signs of easing, but we were cautious and weren't sure if it was a blip or a trend. Now we can say certainly it was the beginning of a trend."
Ivacko cautioned to the Detroit Free Press, however, that "there are hundreds of cities where things are still getting worse."
More coverage:
- ABC TV 10 (Ishpeming, MI)
- CBS Detroit
- Detroit City and Press
- MLive.com
- myScience
- San Francisco Chronicle
- WATZ FM(Alpena, MI)