Local Governments Are Not in Debt Because of Less Revenue Sharing [Michigan Capitol Confidential]

Local Governments Are Not in Debt Because of Less Revenue Sharing [Michigan Capitol Confidential]:
"The largest problem facing local governments is the amount of debt they have for workers in retirement.
The debt comes in two forms: pension liabilities and government-funded medical insurance. 
The political debate is how to solve the debt problem.
Local governments can stop racking up pension debt by shifting their employees to 401(k) retirement plans as soon as possible.
...Local governments would always like to have more money from the state.
But that’s not the real problem.
The problem is that municipalities have made promises they are pushing off onto future taxpayers. These problems are self-inflicted and, because there is no right to retiree health care, local managers already have the tools necessary to fix them..."