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 R.D. on November 10, 2014 - 5:01 pm
Anonymous: When the city goes bankrupt, your house value will plummet. Your pensions will disappear. Businesses will move elsewhere. Is this what you want? Quit being a punk and show your real name.
#2 by Angie B on November 10, 2014 - 6:46 pm
You are so right R.D.
#3 by Anonymous on November 10, 2014 - 6:50 pm
says the man living in a publicly funded building and collecting a publicly funded disability check every month. Love it!
#4 by prejudiced? on November 10, 2014 - 10:34 pm
Are you saying that someone that is on disability should have no voice in civic matters?
Are you prejudiced against those who are disabled? That’s really very mean.
I don’t know RD, but your comments convey that.
#5 by Black uniforms on November 11, 2014 - 11:02 am
There’s just somin’ special ’bout those men in those black uniforms. https://www.youtube.com/watch?v=_6FBfAQ-NDE