"Flint— Vehicle City has faced its share of setbacks over the years — shuttered factories, dwindling population and urban decay, to name a few — but none has cast as dark a shadow as the prospect of filing for municipal bankruptcy protection.
The struggling Genesee County community may soon be pushed over the financial cliff by a lawsuit.
A group of city retirees is suing the city to stop proposed cuts to their health care benefits — a $5 million annual burden that could force Flint to become Michigan’s second-largest municipality to file for Chapter 9 bankruptcy protection, following on the heels of Detroit........Today, nearly one-third of its population lives in poverty.
Tens of thousands of jobs have been lost and about 15 percent of the workforce is unemployed.
And the population — once nearly 200,000, ranking it as Michigan’s second largest city — struggles to stay above the 100,000 mark."
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