I REPORT YOU DECIDE-by Barry Levinson
California Policy Center working with Civic Partner, a firm that collects and analyzes municipal finance data, has ranked over 490 California cities and counties with respect to their bankruptcy risk.
That report contains the complete list. To compile the ranking, they collected and analyzed audited financial statements published by most cities and counties in California. Local governments typically produce audited financial statements if they issue municipal bonds or if they receive more than $500,000 in federal grants annually.
Cities and counties with default probability scores much higher than 0.1% have substantially elevated risk. Where does the City of Fullerton rank among the 492 cities and counties listed in this comprehensive study?
FULLERTON RANKS FIRST!
Winner winner chicken dinner.
It ranks first (i.e. highest probability of Default/Bankruptcy) among all cities in Orange County with a risk factor of .27%.
So the next time a city official tells you that Fullerton is in good financial shape, please remember this study.
http://californiapolicycenter.org/californias-most-financi…/
Pack it tight Mr Internal affairs and just maybe the south Fullerton soccer leagues can be soaked.
Barry Levinson
#1 by Anonymous on November 10, 2014 - 11:23 am
At this point, anybody paying attention knows that our city politick is at an all-time low. Those in power are now very vulnerable.
Chaffee will give out his self-proclaimed VIP parking space and Fitzgerald will continue to have a scowl on her face when not on camera, but we all know what they are really all about.
I watched the video of the November 4 council meeting. Surprise, surprise after having 4 or 5 presentations council meeting after council meeting they had none on that day. I guess they figured that few people would be watching on Election Day so the PR stunts were not necessary. Their phoniness is so apparent to anyone who cares to notice.