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.
Westfall Township, Pennsylvania filed a Chapter 9 bankruptcy petition in April, 2009 and the court confirmed a reorganization plan in March, 2010. According to the law firm that handled the case: Westfall Township, located in Pike County, PA, was saddled… Continue Reading →
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 →
Here is an interesting clip from MLive about the debate over Flint’s dire finances. Michigan has a receivership program that has been used a number of times so municipalities cannot just file bankruptcy in federal court without going through the… Continue Reading →
Looks like the city is making its best effort to try to resolve budget imbalance. Ohio is one of the states that has a strong oversight/receivership program and municipalities may not file bankruptcy without approval of the state. Local governments… Continue Reading →
Here’s a clip from the California League of Cities concerning AB 155. AB155 (and its parallel, SB88) briefly, would prevent California cities from filing bankruptcy without going through the state — California Debt Investment Advisory Commission (CDIAC). Numerous other states have… Continue Reading →
© 2024 The Public Purse — Powered by WordPress
Theme by Anders Noren — Up ↑
