Article Image
News Link • Economy - Economics USA

Two years after bankruptcy, California city again mired in pension debt

• Reuters
Less than two years after exiting bankruptcy, the city of Vallejo, California, is again facing a budget crisis as soaring pension costs, which were left untouched in the bankruptcy reorganization, eat up an ever-growing share of tax revenues.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: