CHICAGO — The emergency manager of struggling Pontiac, Mich., last week unveiled a package of tax increases and spending cuts that he said is the only option the city has to avoid going broke by next spring or sooner.

The Detroit suburb has suffered financially for years amid falling property values and declining state aid, its two chief revenue sources. Its unemployment rate reached 26% last October, one of the highest in the nation, and 31% of its 66,000 residents live below the poverty line.

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