Tag "Vallejo"

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Vallejo’s struggles capture CA city perils

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

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PRI report examines bankruptcy as tool for struggling cities

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 One of Winegarden's key conclusions: “If used appropriately, bankruptcy

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More CA cities should declare bankruptcy

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

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CA suffers 3 of 8 “most miserable” cities

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

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Bankruptcy Series: What are the alternatives to bankruptcy?

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

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Bankruptcy Series: Cities on a future spending spree

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

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Special Series: The pros and cons of municipal bankruptcy

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

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Special Series: Local Governments Face Bankruptcy Quandary

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

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Special Series: Broke Municipalities Look to Bankruptcy Option

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

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Vallejo Is Dying

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

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