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
Read MorePRI 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
Read MoreMore 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
Read MoreCA 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
Read MoreBankruptcy 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
Read MoreBankruptcy 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
Read MoreSpecial 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
Read MoreSpecial 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
Read MoreSpecial 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
Read MoreVallejo 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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