The Illinois Comptroller’s April report is scary reading. The state is $4.5 billion in arrears on payments to vendors and others (like school districts and service providers) with no end in sight. The Comptroller expects 2011 to be worse. The following chart… Continue Reading →
An article about upstate New York town of Kingston and their discussion of fiscal stress, union contracts and the debate over Chapter 9 bankruptcy.
I just came across this blog from John Moorlach, Orange County. Scroll down for a “five year lookback” on the discussion about San Diego, thought you might find it of interest.
I am adding a link to this article that updates Toledo’s fiscal situation. (See prior post.) The city is wrestling with a budget gap and trying to negotiate with unions over compensation. Ohio is a state that has a fiscal emergency… Continue Reading →
The tables below are for contextual reference as state and local governments face draconian spending cuts. The combination of public policy with the several bubble periods over the last twenty-five years has created a toxic brew. Some state and local governments are… Continue Reading →
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