Why not, the spend money like the federal government?
Odd - my city in VA (pop 11,000) has north of $300M in the bank.
These cities are doing the right thing by declaring bankruptcy. It is the only way that they can jettison unneeded expenses and live within the taxpayers’ means.
Vallejo — my former hometown — lived there from ‘65 to ‘72. The cops went on strike in ‘69 while the Zodiac was on his tear through the area. The city acquiesced and gave them essentially what they wanted, and the pay and benefit packages just built up from there.
Another case of fat unions bringing down everyone around them. Nicely done.
Illegals don’t cost us anything.
It’s unions in cahoots with politicians.
The same all over. If your senator, councilmen, mayor etc. want to be reelected they need to agree on union wage, benefit, staffing levels.
It’s a you to me, I to you, damned be the taxpayer.
There is no way out but bankruptcy proceedings where salary, wage, pension, staffing levels, or farming out of functions to the private sector are established and decided upon to recreate a sound fiscal basis.
The public sector is already above wage, benefit, job security scales versus the private sector.
Taxpayers are maxed out.
Even New York City has a history of healing through bankruptcy.
So raise taxes ya fools.
Keep spending for social b.s., of course. But keep taxing those poor working turkeys more and more to pay for crap?
Time for a revolution yet????????
No problem. All that’s needed is a bailout. I’m sure there must be healthy cities somewhere in the U.S. that we can tap. No city should be enjoying any surpluses as long as some are suffering. /s