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12 Jul 2012, 9:50 am by admin
  Many are the candidates, everything from the state’s shadow bankruptcy, its abolition of redevelopment agencies, its many municipal bankruptcies (Vallejo, Stockton), or even its remarkable repudiation of public-sector pension guarantees (San Jose, San Diego). [read post]
12 Aug 2011, 6:54 am by admin
:   If money-losing cities cannot raise their real estate taxes, as many cannot, unless they are ready to go into bankruptcy (like Vallejo, CA), to run out of cash (like Prichard, AL), or to shrink their municipal service footprint (like Detroit, MI), they simply must cut their costs – and desperation yields inventiveness, as revealed in this New York Times story:   Costa Mesa, Calif. [read post]
8 Jul 2011, 6:34 am by admin
[Previous Month in Reviews available here: Apr 11, Mar 11, Feb 11, Jan 11]   Desperate economic times summon forth desperate fiscal measures, and with domestic public finances under stress at all levels – Federal, state, and local – we will see the joining of many years’ battles between unexpected antagonists, as I featured at length in The battles of charities’ taxation: Part 1, Boston’s opening salvo, Part 2, The historical case, Part 3, Public-policy pros and… [read post]
21 Dec 2010, 6:51 am by admin
Vallejo has used this power in its bankruptcy case, which was filed in 2008. [read post]
15 May 2020, 3:12 pm by Richard Hunt
Like most of you I’ve been working from home for the last couple of months, meaning primarily that my dogs are getting a lot of exercise. [read post]
17 Apr 2020, 3:00 am by Jim Sedor
They have also appealed to the Trump administration, which has put out recommendations outlining which industries it considers essential, although states and cities are not bound by the recommendations. [read post]
4 Jan 2011, 8:23 am by admin
They want to see if the situation in Prichard, like the continuing bankruptcy of Vallejo, Calif., ultimately creates a legal precedent on whether distressed cities can legally cut or reduce their pensions –   The answer must necessarily be Yes, the money having dry. [read post]
13 Aug 2017, 6:00 am by Ed. Microjuris.com Puerto Rico
For the commonwealth, with neither spare funds nor access to the capital markets, one of the strong appeals of PPPs is the ability to improve its infrastructure and provide jobs without spending its own resources. [read post]
27 Mar 2020, 3:00 am by Jim Sedor
National/Federal As Campaigns Move Online, America’s Chief Watchdog Isn’t Following Politico – Nancy Scola | Published: 3/23/2020 American electioneering has moved almost entirely online: voter townhalls are being replaced by digital meetups, campaign rallies are now streamed speeches, and donor one-on-ones are moving to FaceTime. [read post]