Half Moon Bay is next...
Chapter 9 BK’s will be happening by towns all across california as housing prices (and property taxes) continue their 25% decline (at least).. and thus too city revenues.
Maybe, maybe not: Half Moon Bay settlement bill nears Assembly vote - City hopes to avoid paying developer $18 million
ANY local POL who tries to hold the line against these unions gets MASSACRED in local elections, usually with help from the national Union.
Most already know that the bill is unpayable when they do these deals, but they’ll be long gone when the bill comes due. Someone else’s problem.