Between 1950 and 2010, the population of Detroit fell from 1.8 million to 710,000, dramatically reducing its tax base. On July 18, 2013, the City of Detroit filed for protection from creditors under Chapter 9 bankruptcy. Seventeen months later the city formally emerged from court protection, bringing to a close the largest municipal bankruptcy in American history.

"While we still have a long way to go, this is poised to be the greatest turnaround story in American history."Josh Linkner (2014), Detroit native and CEO of Detroit Venture Partners, a venture capital firm helping to rebuild urban areas through technology and entrepreneurship.

What type ofinterfundtransactions, if any, do you think the City of Detroit could have used? Considering the General Fund, what type of transactions do you think may have suffered due to the drop in population?