Stockton California recently made the news as the largest city to file bankruptcy but it is not the only large city in California to have leaders put it into financial straights.
- Will cities be better off in the long run if they are forced by bankruptcy to only focus on the most basic needs such as police, fire protection, streets?
- Should your city borrow money for some things while other services are in need?
- Do civic leaders in your area equate the cost of interest rates on bonds to taxes that must be collected?
Of all the things that many people consider that ONLY a city can do, at least one town has outsourced it's police work! Could some services be done by contract and would this allow competition so cities have choice in the services they use?
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