Posts Tagged ‘Vallejo’

Vallejo’s struggles capture CA city perils

Friday, November 14th, 2014
Vallejo logo

After three years spent in bankruptcy, 2008-11, running the city of Vallejo is still a struggle. Facing a weakened police force and a failed experiment in citizen-driven budgeting, Vallejo's structural challenges have persisted. In the wake of the pension crisis that helped plunge the city into...

PRI report examines bankruptcy as tool for struggling cities

Thursday, January 16th, 2014

The Pacific Research Institute has released a report that couldn't be more timely. "Going Broke One City at a Time: Municipal Bankruptcies in America" by economist Wayne H. Winegarden. buy a paper if (1==1) {document.getElementById("link4533").style.display="none";} One of Winegarden's ...

More CA cities should declare bankruptcy

Friday, March 8th, 2013

March 8, 2013 By John Seiler Last year, three California cities declared bankruptcy: Stockton, San Bernardino and Mammoth Lakes. Atwater nearly did. Mammoth Lakes lost a lawsuit. But for the other cities -- as well as for the Vallejo bankruptcy in 2008 -- what the cities basically are saying is: ...

CA suffers 3 of 8 “most miserable” cities

Saturday, February 23rd, 2013

Feb. 23, 2013 By John Seiler In Forbes' new ranking, three of the eight "most miserable" cities in the United States are in California: Modesto (No. 5 worst), Vallejo (No. 6) and Stockton (No. 8). Cities were graded on such factors as "crime rates, foreclosures, taxes, home prices, commute times, ...

Bankruptcy Series: What are the alternatives to bankruptcy?

Monday, November 12th, 2012

Editor’s Note: This is the Ninth in a CalWatchDog.com Special Series of in-depth articles on municipal bankruptcy. Nov. 12, 2012 By Tori Richards It was 1975 and New York City was running out of cash. Its excessive spending and lack of financial oversight created a $14 billion debt, with more...

Bankruptcy Series: Cities on a future spending spree

Friday, November 9th, 2012

Editor’s Note: This is the eighth in a CalWatchDog.com Special Series of in-depth articles on municipal bankruptcy. Nov. 9, 2012 By Wayne Lusvardi Are the staggering forecasted public pension obligations facing state and local governments in California the result of overspending or under-taxa...

Special Series: The pros and cons of municipal bankruptcy

Thursday, April 12th, 2012

Editor’s Note: This is the sixth in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. April 12, 2012 By Tori Richards What’s better for a cash-strapped municipality: filing for bankruptcy or struggling to survive without any clear solution to a massive deficit?...

Special Series: Local Governments Face Bankruptcy Quandary

Friday, March 16th, 2012

Editor’s Note: This is the third in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. MARCH 16, 2012 By JOHN SEILER Bankruptcy is the boogeyman haunting governments across America. It’s not a question of if more cities will file for bankruptcy, but how many. T...

Special Series: Broke Municipalities Look to Bankruptcy Option

Friday, March 9th, 2012

Editor’s Note: This is the second in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. MARCH 9, 2012 By STEVEN GREENHUT Economist Allan Meltzer once quipped that “Capitalism without failure is like religion without sin. It doesn’t work.” Americans have been...

Vallejo Is Dying

Sunday, January 23rd, 2011

John Seiler: Newsweek listed the Top 10 cities in America that are dying. No. 1 is New Orleans, in the wake of Hurricane Katrina. No. 2 is Vallejo, which has suffered more than any other city from the Schwarzenegger Decade of misgovernment. Vallejo has suffered more even than Detroit and several o...