I looked at Vallejo a while ago and this is what I remember. They gave a hair cut to debt service payments equal to the percent that they cut the salaries to their unionized employees. This was discussed in their budget. All of their bonds are insured and/or enhanced by banks and/or the State pension fund.
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
I looked at Vallejo a while ago and this is what I remember. They gave a hair cut to debt service payments equal to the percent that they cut the salaries to their unionized employees. This was discussed in their budget. All of their bonds are insured and/or enhanced by banks and/or the State pension fund.