Will the City of Ypsilanti go bankrupt if the Water Street Millage fails?

No. Even the City’s own worst-case numbers show Ypsilanti solvent until 2022, without passing the millage. And that is coming from the side with an interest in making the situation look dire.




Property-tax revenue is growing at a faster rate each year, and there are still savings to be had. This bodes well for the revenue-expenditure balance in the future.




Even if the doomsayers were correct, insolvency does not come overnight, nor does bankruptcy or an emergency financial manager. If it came to that, there is always an opportunity to negotiate and/or pass additional taxes within months. Better to ride out the current positive trends, than risk equity destruction and stall revenue growth.