California: Desert Hot Springs declares fiscal emergency

[CaseyJones]

http://www.fresnobee.com/2013/11/19/3618946/calif-city-plans-vote-on-fiscal.html


This financially troubled city declared a fiscal emergency Tuesday in an effort to avert a second federal bankruptcy filing.

The City Council voted unanimously to declare the emergency as the city grapples with a $6 million gap between revenues and spending.

Interim City Manager Bob Adams has said declaring a fiscal emergency would enable the city to negotiate with contractors and labor groups to cut expenses.

If no action is taken, the city of 27,000 people near Palm Springs will run out of money by March, officials said.

The city previously filed for bankruptcy in 2001 after a legal judgment.

[tod evans]

Wonder if they'll shut down their government?

[FindLiberty]

Wonder if they'll shut down their government?

Trim it down to a nub, only leaving a tiny stump if they want to cure their problem as opposed to postponing a total collapse by raising taxes or issuing muni-bonds, etc.

On the other hand, they could follow Detroit's Fall 'till everybody dries up like leaves and/or just up and, like, leaves (town).

[angelatc]

6,000,000 gap / 27,000 people = a surcharge of $223 additional per year per person for the privilege of living there.

Problem solved.




(Somewhere there's a liberal that is nodding enthusiastically and saying "Exactly right" when reading this.)