Tag: Coalinga
Rates of Pay and Pension Debt Escalating in California’s Distressed Cities
Nobody needs reminding that California’s cities, like every other going concern in America, are heading for tough economic times. As recently as two months ago, robust collections of sales taxes, utility taxes, transient occupancy taxes, property taxes and other sources...
Sen. John Moorlach’s 2019 Financial Soundness Rankings for California’s 482 Cities
Sen. John Moorlach (R-Costa Mesa) just released his new report on the finances of the state’s 482 cities. Gird your loins for more generally bad news – only 43 percent were in positive territory for 2018, down from 46 percent...