Rose Institute's Doug Johnson on City Budget Woes

Rose Institute Fellow Douglas Johnson was quoted last week in an article by The Oakland Tribune on the possible financial crisis the city of Rialto may face in the next few years. The article reports that Johnson said: “city governments are grappling with similar decisions throughout the state as California’s budget woes and the national economy are striking at local coffers, while pension costs for city employees are spiking.” It also quotes him as saying that the consequences of a possible bankruptcy “could mean simply renegotiating contracts. It could mean a judge in charge of all city services, deciding who keeps their jobs, what services continue and what services are cut.”

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