Flint water crisis could squeeze Michigan’s finances: S&P

Posted by Washington Post: Juliet Eilperin on February 1st, 2016
Reuters: Costs related to the lead-tainted water crisis in Flint, Michigan, could pressure the state's finances and derail recent efforts to build budget reserves, Standard & Poor's Ratings Services said on Monday. "At the state level, political costs for Michigan have been greater than financial costs at this point. However, we could see financial pressures on the state deepen as answers to the financing of infrastructure replacement and social services, coupled with potential legal settlements, unfold,"......

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