City of Vallejo files BK

NEW -> Contingent Buyer Assistance Program

Trooper_IHB

New member
And so it begins.....



<a href="http://money.aol.com/news/articles/_a/city-of-vallejo-calif-files-for/20080523193009990001">Vallejo files for BK protection</a>
 
they spent themselves into a hole. personnel costs were making up 75% of their budget.



sfgate.com reports something like 40 fire and 30 police personnel were making $200k plus. i know that those are hard jobs, but something is wrong there.
 
Nobody is filing in Florida yet. The budget has been cut and the cuts

farmed out to various agencies, schools etc, to choose where to cut.



Cuts are announced. The subjects of the cuts then stage a major whinefest.

Then the people who are the top/hearings, say ok, we won't cut you. But they

have to cut somewhere.



I think some of the people are making bad choices on purpose. As

a method of squeezing out more money from somewhere else.

A university, FIU, was cutting some majors. . . including ENGINEERING.

At a time the state is going looking for high tech. Ok, let's hit home here.

My son was a psych major. But there are too many psych majors. So,

why not cut psych?



Meanwhile, there's this building planned for bldg & zoning in Hialeah. This

bldg looked like it was needed during the bubble and quite clearly isn't

needed now. Ok, so why not cut the unnecessary bldg? Someone's ox

is getting gored. But then the prospective engineers are being screwed too.



These cuts are being divvied up just on the basis of who has the most

power and who is the best whiner. No logical consideration is being applied

at all, as far as I can see.



This is why politics is so loathesome.
 
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