A Mackinac Center July Viewpoint was prescient, to say the least.

The piece, written by Oakland County Deputy Executive Robert Daddow, an adjunct scholar with the Center, was titled "A Perfect Storm: Batten Down the Hatches or Drown," and detailed the need for local governments to address falling property values, home foreclosures and property taxes when budgeting for the future.

The Oakland Press Saturday reported that industrial and commercial property values in Oakland County could be 40 to 70 percent lower in two years and that some school districts could shut down as a result of the revenue drop.

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