The town of Vallejo, California will submit its "after-bankruptcy" spending plan to a Federal judge this week. Ordinarily, a story like this would be of little interest to anyone other than Vallejo-ans. But with hundreds and perhaps thousands of US municipalities teetering on the edge of default, the Vallejo case, along with the Pritchard, Alabama case, are being watched very, very closely.
Tuesday, January 18, 2011
Posted by John at 1/18/2011 08:06:00 AM