02-05-09, Bruce Philpott Comments on Glendale’s Budget Decisions

The city of Glendale is making the same kind of decisions that forced Vallejo into filing bankruptcy.

Glendale has had to resort, for the first time ever, to take out long term bond debt that is now over $300,000,000 to cover the deficit it has created by spending far more than it has taken in. It all started in 2002 and has not stopped.  

When City Hall Goes Bust

Scott Woolley, 01.22.09, 06:00 PM EST
Forbes Magazine dated February 16, 2009

Bruce Philpott

Brcphilpott1@aol.com