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Friday, June 22, 2012

Financially-strapped Nevada city declared disaster

http://news.yahoo.com/financially-strapped-nevada-city-declared-disaster-164138976.html

NORTH LAS VEGAS, Nev. (AP) — There are no signs of rioters, wind-damaged homes or flooding. The brand new City Hall features gleaming marble floors and the public recreation centers offer Zumba, karate and Pilates classes.
Despite all of its suburban trimmings, North Las Vegas is officially a disaster area.
After five years of declining property taxes, massive layoffs and questionable spending, leaders of the blue-collar, family-oriented city outside Las Vegas declared a state of emergency, invoking a rarely used state law crafted for unforeseen disasters.
No matter that the statute, which allows municipalities to suspend union contracts and avoid paying scheduled salary increases, doesn't actually include fiscal emergencies among the list of potential disasters.

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