WHAT
IS THE RECIPE
FOR BANKRUPTCY??
· “Cities that are most vulnerable to financial crisis
are those that relied heavily on property tax revenue during the real estate
boom.”
· “Cities with strong industry, business and commercial
districts are likely to fare better, experts said.”
· “A city's budget problems can have a ripple effect in
the long run.”
· “Cuts to the police department usually translate to
higher crime rates, while deferred maintenance leads to more potholes and
overgrown parks.”
· “To raise money, cities often increase fees and taxes,
which hurts local businesses and homeowners.”
· “Over time, property values decline and tax revenue
falls even further.”
Quotes taken from 2/24/08 SF Chronicle Article: "Vallejo, others face cash crunch"
1 comment:
Well, I remember back in the old days your local gov run high school would offer training courses taught by local industry's and if you passed you were pretty much guaranteed a job when you graduated. Almost ALL of those industry's are gone and sent to Texas or overseas. Why? well in San Fran these industry's were forced to hire many illegals who would then go out on work mans comp and or the unions and their benefits pak was consuming and crippling the industry's ability to operate. Today, what do our children graduating have to look forward to? The left's message has been, "Everyone has a right to a First Class Education", well , not everyone wants to go to college right out of gov school. Most gov schools have not prepared most kids for college. They are more like baby sitting clubs, the kids are just getting baby sat by teachers. What does Career Day look like at gov high schools? Been to one lately? What industry's are there recruiting? Do industry's want to go to our local gov high schools? If not why not? Could it be because our kids are not being offered courses to help prepare them for such industry's? Kids today are gonna need some training for local industry's or they are going to end up on the gov dole. Maybe that's what the left wants. Get in college and brainwash them with more lousy education.
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