Regis Philbin
May 7th, 2008, 10:46 PM
Good ol' Vallejo, it's claim to fame is it was the home of the "Zodiac" serial killer...
http://www.nbc11.com/politics/16185467/detail.html
Vallejo Votes For Bankruptcy
City Will Be First In California To File For Chapter 9 Protection
After nearly five hours, the Vallejo City Council voted unanimously late Tuesday night to file Chapter 9 bankruptcy protection.
The city faces a $16 million deficit in the 2008-2009 budget starting July 1 and unsuccessfully negotiated with its police, firefighter and electrical workers unions for contract concessions through 2012. Public safety salaries comprise 74 percent of the city's general fund budget.
Most of Tuesday night's 30 speakers urged the council to file bankruptcy so the city can restructure its finances.
John Riley, president of the International Association of Firefighters, said he is disappointed by the 7-0 vote to file bankruptcy.
"I think it was premature. I don't think they exhausted all their options," Riley said.
Riley said an independent auditing firm disputes the city's numbers supporting the decision to file bankruptcy. He called for an independent state audit.
http://www.nbc11.com/politics/16185467/detail.html
Vallejo Votes For Bankruptcy
City Will Be First In California To File For Chapter 9 Protection
After nearly five hours, the Vallejo City Council voted unanimously late Tuesday night to file Chapter 9 bankruptcy protection.
The city faces a $16 million deficit in the 2008-2009 budget starting July 1 and unsuccessfully negotiated with its police, firefighter and electrical workers unions for contract concessions through 2012. Public safety salaries comprise 74 percent of the city's general fund budget.
Most of Tuesday night's 30 speakers urged the council to file bankruptcy so the city can restructure its finances.
John Riley, president of the International Association of Firefighters, said he is disappointed by the 7-0 vote to file bankruptcy.
"I think it was premature. I don't think they exhausted all their options," Riley said.
Riley said an independent auditing firm disputes the city's numbers supporting the decision to file bankruptcy. He called for an independent state audit.