Wednesday, June 10, 2009

Budget woes have Oakland mulling bankruptcy

Budget woes have Oakland mulling bankruptcy: "Even though city officials would prefer to avoid a public conversation, behind closed doors the Oakland City Council has discussed filing for bankruptcy protection in the midst of a $100 million budget deficit."
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That would be Oakland, California, population 400,000, eighth largest city in California and 44th largest city in the US.

1 comment:

Anonymous said...

Better file before the legislature takes away the ability to do so.