Sunday, March 24, 2013

Municipal Bankruptcy: The future for Cincinnati? Hamilton County?

The NYT has a nice profile on the bankruptcy proceedings of Stockton, CA.  The choice: either municipal bondholders or pensioners take a haircut.  The Court has to decide.

At the rate they are going, the City of Cincinnati is rapidly headed in this direction.  Hamilton County seems like it is working its way out of the Stadium fund deficit without a (further) tax hike.

Read it here.

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