Monday, July 30, 2012

California cities fiscal emergency

  • STANTON, Calif.
  • (Huffington Post)
  • Instead of cutting spending what do California's local leaders do its next municipal election is not until November 2013.
  • (Washington Times)
  • professor of public policy at George Washington University who specializes in tax policy and has studied state and local finance in California. A fiscal emergency requires a unanimous vote by a communitys governing body, usually a city council.
  • (San Jose Mercury News)
  • DUARTE - The City Council will consider declaring a fiscal emergency Tuesday and placing a measure on the Nov. 6 ballot that would add up to a half-percent to the sales tax for six years.
  • (San Jose Mercury News)
  • One is to declare the fiscal emergency; the other is to place a measure on the San Bernardino is the third California city to file for bankruptcy this summer.
  • (Abc Local Web)
  • SAN BERNARDINO, California (Reuters) - The city council of San Bernardino, California, voted on Monday to postpone until Wednesday a decision on whether to declare a fiscal emergency as a step toward a bankruptcy filing.
  • (NBCNews.com)
  • The county, facing a three-year deficit of $530 million, declared a fiscal cities have tried to roll back pension benefits and pay, among the most rigid and, in some cases, highest expenses in municipal budgets.
  • (but not their pensions - Orlando Sentinel)
  • San Bernardino was the third California city to say its broke in the past month Earlier this week it declared a fiscal emergency in order to get a soda tax on the November ballot.
  • (Pasadena Star-News)
  • masking the citys deficit. Last week, the council voted to authorize Penman to file for Chapter 9 bankruptcy to ease a dire cash crunch.
  • (vcstar.com)

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