San Bernardino, California, filed for municipal bankruptcy after disclosing a $46 million shortfall in the city’s budget, the third California city to seek court protection from creditors since June 28.
California cities from the Mexican border to San Francisco Bay are confronting rising pension costs as they contend with growing unemployment and declining property- and sales-tax revenue. The costs stem from decisions made when stock markets were soaring and retirement funds were running surpluses.
I think the main problem with all of these broke California cities is that they need a nice, new high-speed rail connection!! That’ll fix ’em up!
Oh, you mean [b]MORE[/b] taxes to pay for this boondoggle? Thanks, but no thanks! What we need are lower taxes and honest government; both of which are in short supply these days.
I’m being totally facetious #2. Sorry ’bout that.
I totally agree with you regarding this rail project. Then again, if it could be solar powered……
There I go again.
Our local (LA) radio station, KFI, call it a Brown-doggle.