CHICAGO — The Michigan treasurer this week will launch a new training program for would-be municipal emergency financial managers as the state braces for a rise in the number of fiscally stressed local governments.

The two-day class will train 50 potential emergency financial managers. It comes as new Treasurer Andy Dillon warns that dozens of municipalities and school districts across the state face major fiscal stress, and that an unnamed few are on the brink of insolvency.

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