Thursday, June 13, 2013

The Next 10 CA Cities To Go Down?

USA Today made predictions on which California cities will be the next to declare bankruptcy. No Humboldt County cities in the top ten, yet. The cities listed are:
  • Atwater
  • Azusa
  • Compton
  • Fresno
  • Hercules
  • Mammoth Lakes*
  • Monrovia
  • Oakland
  • San Jose
  • Vernon
Here's USA Today's explanation of why. Stephen Frank says, if your city is not on the list—it will be. I can't help but believe it if for no other reason they seemed to have left out two others that are already heading for trouble.

Rohnert Park has just declared a fiscal crisis because of public employee pension and health care costs eating up their general fund. That problem is likely to get worse.

The City of Sacramento's city council seems to have gone out of their way to add their city to the list. The budget they just passed all but guarantees significant deficits in the future.

Which city, if any, in Humboldt County will be the first to go on the list?


At 10:30 PM, Anonymous Anonymous said...

Rip Dell will probably go first. Then Fortuna. Then Eureka. Arcata will probably survive, it seems to have the heathest business climate.

At 12:42 AM, Anonymous Anonymous said...

Looks like the county is going to go first if you've read the paper over the last two months. Didn't they just give everyone a raise and turn around a week later and declare they were going to pass an unbalanced budget? I am amazed that nobody seems to care.

At 8:41 AM, Blogger Fred Mangels said...

I suspect whichever goes first it's going to seem as if it was all of the sudden since there's little press coverage of city and county finances.

At 12:17 PM, Blogger Travis said...

Glad to see someone gets it


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