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The Epic Of The Fall - City of Vallejo Files For Bankruptcy

About City of Vallejo Files For Bankruptcy

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Vallejo to become largest Calif. city to file for bankruptcy

By JASON DEAREN – 4 hours ago

VALLEJO, Calif. (AP) — Vallejo is set to become the largest California city to declare bankruptcy after leaders voted in favor of it to solve the San Francisco Bay Area suburb's spiraling budget crisis.

The city council voted unanimously Tuesday night following hours of public comment.

City Manager Joseph Tanner had advised filing for bankruptcy before the city's fiscal year ends on June 30 because Vallejo faces a projected budget deficit of $16 million and has no money in its reserves.

Many officials and residents attribute Vallejo's fiscal troubles to overly generous pay and benefits to the city's police and firefighters.

The decision came after two years of negotiations with the police and firefighter unions failed.
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From:[info]anselm23
Date: May 7th, 2008 11:39 am (UTC)
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Oh, yeah. Because nothing says good government like senators — excuse me, city councilmen — abdicating responsibility and blaming it on the people who patrol the streets for criminals and disasters.
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From:[info]byzantine_ruins
Date: May 7th, 2008 01:19 pm (UTC)
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Well, those people were unionized laborers who bloc voted to influence local elections in return for concessions in their contracts. Someone who was interested in constructing a criminal case might even say it was a payment. That's certainly what happened around here. Is it OK because they are uniformed employees rather than a bunch of bankers?

Not that the political apparatus is innocent. Everyone down to the level of patrolman / swinging dick on the fire brigade knew how it was, as did everyone down to the lowliest of clerks in the state apparatus. Of course they are going "look where the money went!" but they will not be so fast to volunteer who was holding the purse when it went. Influence peddling is a crime that victimizes everyone and both parties are willing participants.

Edited at 2008-05-07 01:20 pm (UTC)
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