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Political Factoid
Cities are learning from
corporations how to abandon
their financial obligations
through bankruptcy, e.g.,
- Central Falls, RI
Unfunded pension obligations*
- Harrisburg, PA (state capital)
$300 million incinerator
- Alabama's Jefferson County
-$3.2- $4.23 billion sewer bonds
- Detroit, MI
after being taken over by GOP Governor.
| * |
Save $2.5 million by cutting 141 retired
police and firefighter pensions.
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cf.
2693,
3696
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-30-
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