Relevant:
- Financially-strapped Nevada city declared 'disaster'; End-Runs Unions
- Financial Disaster Looms Larger As Los Angeles City Council Delays Budget Cuts For Another 30 Days
- Vallejo, California City Officials Vote to File for Bankruptcy
- Bankruptcy, the Best Way to Deal with Public Unions; Bold New Tactics Long Overdue; Gov. Rick Snyder's Move on Detroit; $1.26 Trillion Pension Gap
- California City Moves Closer to Bankruptcy Filing
2012-06-03 — blogspot.com
``In spite of having the highest property tax rates in the county, the city's budget is in a mess, wrecked by the busting of the housing bubble. Unfortunately, municipal bankruptcy is not allowed in Nevada. However, should unions press the case, the city has one more possibility, disincorporation.''
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