On Monday, Pontiac, Mich., emerged from state financial oversight when Gov. Rick Snyder announced that the city's financial struggles were over and the city no longer needed to be run by an emergency manager. "I'm pleased to see Pontiac emerge as a financially stable city and return to local control," the governor said.
While many cities survive and thrive thanks to state intervention, others struggle and some, like Camden, N.J., grow worse. The city of 77,000, which is adjacent to Philadelphia and was once home to several major manufacturing firms, has received hundreds of millions of dollars in loans, grants and direct aid from the state over the years. Despite all the help, however, Camden, one of the poorest cities in America, remains in deep trouble, according to a report from the Pew Charitable Trusts. The situation is so bad that Camden may never be able to stand on its own -- it's either state support or bankruptcy for the city.