#municipal-finance

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fromview.nl.npr.org
1 day ago

In 1975, New York City ran out of money. For a decade it had managed to pay for its hundreds of thousands of city employees and robust social services by taking on billions of dollars in debt. But eventually investors were no longer willing to lend the city any more money. New York teetered on the edge of bankruptcy the city shuttered more than a dozen firehouses, teachers went on strike and garbage piled up in the streets.
US politics
fromMission Local
2 days ago

S.F. has a plan for a public bank. One supervisor wants to act on it.

San Francisco faces renewed push to implement a city-owned green bank to provide low-interest loans for renewable energy, small businesses, and affordable housing projects.
fromwww.npr.org
1 week ago

The year NYC went broke

In 1975, New York City ran out of money. For a decade it had managed to pay for its hundreds of thousands of city employees and robust social services by taking on billions of dollars in debt. But eventually investors were no longer willing to lend the city any more money. New York teetered on the edge of bankruptcy the city shuttered more than a dozen firehouses, teachers went on strike and garbage piled up in the streets.
New York City
California
fromKqed
1 week ago

Delta Community's Finances Up In Air Amid Talks Of Disincorporation | KQED

Isleton faces imminent financial collapse, weighing disincorporation or bankruptcy and risking municipal services for about 800 residents.
fromThe Mercury News
2 weeks ago

Letters: Fair corporate taxes could bail out cities like Oakland

Just like every other city in California, Oakland desperately needs new revenue sources. California cities don't even have enough money to fund the bare minimum of public services, with essential services like BART shutting down frequently. This is a problem that has gone back decades, ever since 1978, when Proposition 13 passed, and has since robbed hundreds of billions of dollars from our communities.
US politics
fromBoston.com
3 weeks ago

Audit finds Everett mayor received $260K in extra pay

An independent audit found that Everett Mayor Carlo DeMaria received an extra $260,964 in longevity and cost-of-living payments, including a $31,664 lump-sum adjustment in 2023. The findings, presented Monday at a special City Council meeting by MDD Foresnic Accountants, follow a state inspector general report earlier this year that flagged $180,000 in overpaid longevity funds. "Trust in government at the end of the day is everything," City Councilor Robert Van Campen said. "If we lose trust in the city government ... then the whole system breaks down."
US politics
#oakland-budget
California
fromwww.mercurynews.com
1 month ago

Berkeley's Homeless Response Team trying to keep the lights on' while improving

Berkeley needs at least $9 million to maintain current homelessness programs amid a $20 million structural deficit and uncertain state and federal funding.
California
fromwww.mercurynews.com
1 month ago

Hayward announces hiring freeze, creates budget war room' after city drains $31 million in reserves

Hayward froze hiring and launched a budget war room to address a structural deficit that drained $31 million and nearly exhausted city reserves.
California
fromThe Mercury News
1 month ago

Pleasanton explores new tax option less than a year after sales tax measure failed

Pleasanton considers a hotel tax on the November 2026 ballot to help close a $100 million structural deficit after prior sales-tax rejection and budget cuts.
NYC politics
fromMission Local
5 months ago

The mayor asked every department to make cuts. The DA wants more money.

District Attorney Brooke Jenkins opposed Mayor Daniel Lurie's proposed budget cuts, insisting on a funding increase to maintain prosecution effectiveness.
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