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business leaders for michigan

steve carmody / Michigan Radio

LANSING, Mich. (AP) - Eight years into Michigan's economic recovery, the fiscal outlook is still unnerving for municipalities seen as ill-equipped to withstand the next recession.

  Despite continued job growth and record auto sales, the state's per-capita personal income lags the national average after a long-lasting downturn. Taxable values of property are below peak levels in 85% of municipalities. And their state aid is down 20% from 15 years ago.