California bankruptcies are only the beginning - Jul. 12, 2012
San Bernardino became the third California city to file for bankruptcy in the past few weeks ... but it won't be the last.
Many
municipalities in the Golden State and around the nation are struggling
to cover their costs as the economic malaise continues to hurt tax
revenue streams, experts said. This will lead to more municipal bankruptcies, which have been rare until now.
No comments:
Post a Comment