Vallejo On Brink Of Bankruptcy
Original post made by qq, Barron Park, on Feb 19, 2008
The city of Vallejo is on the brink of becoming the first California city ever to declare bankruptcy, City Council members said Tuesday.
Vallejo may run out of cash as early as March, council member Stephanie Gomes said.
"Not only that, but now we have 20 police and fire employees retiring because they are afraid of not getting their payouts," Gomes said. "That means we have another few million dollars in payouts that we had not expected. So the situation is quite dire."
Best Of Palo Alto ballot is here
It's time to decide what local business is worthy of the title "Best Of Palo Alto" â€” and you get to decide! Cast your ballot online. Voting ends May 29th. Stay tuned for the results in the July 21st issue of the Palo Alto Weekly.