San Bernardino Allowed to Join Stockton, Detroit in Bankruptcy
The story of the failing city reaches chapter nine
The story of the failing city reaches chapter nine
Down 1 percentage point, though everybody thought it would go up
Which are probably underfunded
The Goldwater Institute intervenes to block the expensive practice
Legislators sued rather than overturning a veto that would've restored their pay
Object to emergency city manner calling them "dumb, lazy, happy and rich"
Promises can't create money for a broke city.
Municipal corporate crony giveaways know no party affiliation
Orange County's been waiting five years
There's nothing to learn from the failure of cities with high tax rates and oppressive bureaucracies! Don't be silly!
A never-ending nightmare there
Needs more votes, say the justices
Looking for fraud, corruption
Claims they don't have records and refuse to answer questions
Residents may want to brace themselves for big tax hikes
Trying to manage rising health care costs, stop pension spiking
Would cost municipalities billions but would pay down currently unfunded obligations
Government employees protest the move, of course
Don't want taxpayers noticing just how much money is at stake
Odds are that similarly situated cities will go to the Obama administration and ask for free cash.
The good times are here, y'all!
Double-dipping with a vengeance
Not to improve education as voters were promised
The Stockton example could encourage cities to view bankruptcy as something other than a last resort.
Apparently, they'd rather have no benefits than reduced benefits
Very, very modest reforms, but reforms nevertheless
A legislative push may create a 401(k)-style program instead
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