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	<title>DavidsonNews.net &#187; local government commission</title>
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		<title>State concerned about financial problems at MI-Connection</title>
		<link>http://davidsonnews.net/blog/2010/03/12/state-concerned-about-financial-problems-at-mi-connection/</link>
		<comments>http://davidsonnews.net/blog/2010/03/12/state-concerned-about-financial-problems-at-mi-connection/#comments</comments>
		<pubDate>Fri, 12 Mar 2010 18:35:24 +0000</pubDate>
		<dc:creator><![CDATA[David Boraks]]></dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Cable TV]]></category>
		<category><![CDATA[Mooresville]]></category>
		<category><![CDATA[The Economy]]></category>
		<category><![CDATA[local government commission]]></category>
		<category><![CDATA[MI-Connection]]></category>
		<category><![CDATA[municipal cable system]]></category>

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		<description><![CDATA[State officials say the <strong>MI-Connection</strong> cable system, owned by the towns of Mooresville and Davidson, has "serious financial problems" and "signs of financial weakness" that could keep it from meeting obligations to creditors, employees and taxpayers.  This week, the system responded in writing, acknowledging the commission's concerns, explaining how its troubles arose, and outlining steps it's taking to stabilize its finances. ]]></description>
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