Billionaire Rescues Michigan City With Cash to End Fiscal PlightBy
Kalamazoo turns to philanthropists for $70 million donation
Funds begin an endowment to cover budget, finance tax cuts
In Kalamazoo, Michigan, a city besieged by poverty and state aid cuts, Mayor Bobby Hopewell had few options left. The city had already thinned the ranks of the police force and halted work on aging infrastructure, only to keep spending millions more than it brings in.
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