CHICAGO — Michigan Treasurer Andy Dillon will be disappointed if voters overturn the state’s emergency management law — the strongest in the nation — but said the loss would not spark a string of bankruptcies or turn the Michigan local government landscape into one resembling California’s.

In the year and a half since it was passed, the law has been used to solve the most pressing problems facing the state’s most stressed jurisdictions, Dillon said Friday in an interview with The Bond Buyer.

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