Banana republic in Cali - Mercedes-Benz Forum

 
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post #1 of 1 (permalink) Old 05-08-2008, 01:11 AM Thread Starter
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Banana republic in Cali

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VALLEJO, Calif. (May 7) - Vallejo is set to become the largest California city to declare bankruptcy after leaders voted in favor of the solution to its spiraling budget crisis.
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Many officials and residents attribute Vallejo's fiscal troubles to overly generous pay and benefits to the city's police and firefighters. The salaries for police and firefighters currently take up 75 to 80 percent of the city's general fund.
San Francisco Suburb to File Bankruptcy - AOL Money & Finance
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