|
Political Factoid
Local Government Bankruptcies
| Orange County, CA |
1994 |
$2 billion |
| Vallejo, CA |
2008 |
Tax-exempt tax base? |
| Central Falls, RI |
2011 |
Underfunded pension fund |
| Jefferson County, AL |
2011 |
$4 billion (sewer project) |
| Stockton, CA |
2012 |
$26 million |
| San Bernadino, CA |
2012 |
$45 million |
| Detroit,* MI |
2013 |
$18–20 billion (est.) |
| * |
Bankruptcy not declared by any elected officials of the city
It was the result of Gov. Rick Snyder (R-MI) dictatorially taking over the city
from the elected city officials.
|
|
|
-30-
|
