Eureka Ranks 20th on Default Potential

This tidbit just in from the Humboldt Taxpayer's League:

"According to a report by the California Policy Center on the “Most Financially Stressed Cities and Counties in California”, out of 492 counties and cities studied, Eureka ranks 20^th with a 0.42% probability of default (bankruptcy); Arcata ranks 138^th with a 0.20% chance of default; Humboldt County ranks 182 with a 0.16% chance of default; and, Fortuna ranks 398^th with a 0.02% chance of default.  The three cities with the highest default probability are: Compton at 4.01%; King City at 3.38%; and, Sutter Creek at 2.79%."

Interesting that some hole- in- the- wall type places most might have never heard of are rated as having 0% risk of default, such as #446 Yreka and #450 Rio Dell. You can see the entire list at the California Policy Center's web site.