In the bankrupt city of San Bernardino, Calif., one entrepreneur isn't waiting for help from City Hall to achieve what he calls his destiny -- to launch a global fast food chain from the city.
Since San Bernardino declared bankruptcy this summer, tensions have been rising and elected officials have been struggling to agree on a big idea to fix the city's problems.
San Bernardino is struggling to find its way out of the recession and out of bankruptcy. Crime is one of the biggest problems the city is facing, and there are many competing solutions.
Long struggling, San Bernardino couldn't weather the storm of the 2008 recession. The city of more than 200,000 has declared bankruptcy, and that's just one of the big problems it's facing.
That's grown from $9.2 billion. The $16 billion is in projected spending, and that would be more than the money that could come in. Gov. Jerry Brown is expected to talk about the details later today.
Amid gloomy reports of government budget deficits, there was some good news at the National Governors Association meeting in Washington. State tax revenue has been rising at the fastest pace since 2006. Many states are even reporting surpluses.
With Detroit $12 billion in debt, Michigan is about to start a financial review that could result in a state-appointed emergency manager for the city.
The city is asking tax-exempt institutions like universities and hospitals to voluntarily pay more property taxes. Please.
As Michigan's governor attempts to close a budget gap of more than $1 billion, a tax credit for the working poor may disappear, and small businesses might get a break on taxes.
But in Georgia, lobbying leads to exemptions for most services targeted for a tax.

More from Local Budgets

Most Recent

0

Entrepreneur channels San Bernardino's history

Oct 18, 2012
In the bankrupt city of San Bernardino, Calif., one entrepreneur isn't waiting for help from City Hall to achieve what he calls his destiny -- to launch a global fast food chain from the city.
Posted In: San Bernardino
0

The challenge of governing a bankrupt city

Oct 11, 2012
Since San Bernardino declared bankruptcy this summer, tensions have been rising and elected officials have been struggling to agree on a big idea to fix the city's problems.
Posted In: San Bernardino, municipality
5

Crime vexes bankrupt San Bernardino

Oct 4, 2012
San Bernardino is struggling to find its way out of the recession and out of bankruptcy. Crime is one of the biggest problems the city is facing, and there are many competing solutions.
Posted In: San Bernardino, california, Inland Empire, bankruptcy
4

San Bernardino struggles after bankruptcy

Sep 27, 2012
Long struggling, San Bernardino couldn't weather the storm of the 2008 recession. The city of more than 200,000 has declared bankruptcy, and that's just one of the big problems it's facing.
Posted In: San Bernardino, municipality
0

California's budget deficit has risen to $16 billion

May 14, 2012
That's grown from $9.2 billion. The $16 billion is in projected spending, and that would be more than the money that could come in. Gov. Jerry Brown is expected to talk about the details later today.
Posted In: california, budget deficit
0

Tax surpluses for many states

Feb 27, 2012
Amid gloomy reports of government budget deficits, there was some good news at the National Governors Association meeting in Washington. State tax revenue has been rising at the fastest pace since 2006. Many states are even reporting surpluses.
Posted In: state budgets
0

Detroit girds for possible state takeover

Dec 26, 2011
With Detroit $12 billion in debt, Michigan is about to start a financial review that could result in a state-appointed emergency manager for the city.
Posted In: Detroit
2

Boston tries asking nicely for more taxes

Apr 25, 2011
The city is asking tax-exempt institutions like universities and hospitals to voluntarily pay more property taxes. Please.
Posted In: Taxes
1

Michigan rethinks its tax code

Apr 22, 2011
As Michigan's governor attempts to close a budget gap of more than $1 billion, a tax credit for the working poor may disappear, and small businesses might get a break on taxes.
Posted In: Taxes
0

States eye levies on services to close shortfalls

Apr 11, 2011
But in Georgia, lobbying leads to exemptions for most services targeted for a tax.

Most Commented

0

Entrepreneur channels San Bernardino's history

Oct 18, 2012
In the bankrupt city of San Bernardino, Calif., one entrepreneur isn't waiting for help from City Hall to achieve what he calls his destiny -- to launch a global fast food chain from the city.
Posted In: San Bernardino
0

The challenge of governing a bankrupt city

Oct 11, 2012
Since San Bernardino declared bankruptcy this summer, tensions have been rising and elected officials have been struggling to agree on a big idea to fix the city's problems.
Posted In: San Bernardino, municipality

Marketplace's coverage of the municipal bond market. With an increasing number of state and local governments struggling with debt and budgets, worries are growing over how the muni market will be able to cope.

Buzzworthy

Recent comments on our stories..

pegordon's picture

Race on your resume: An invitation for discrimination?

You didn't mention the elephant in the room: age discrimination. Online applications are used to filter applicants for most openings. While...

sherril987's picture

Moleskine notebooks seek growth in digital age

Listening to this segment on Marketplace put me in mind of a blog post I had posted in June, 2009. I feel compelled to post it here. It was...

rsnelso's picture

Mind Games & Money: A guide to exploring your emotions in personal finance

I sign up today to let you know this article was great! It looked like a lot of work went in to building this one. In the past year this program...

jmessmer's picture

The nurse practitioner will see you now

In my 33 years as a family physician I have taught nurse practitioners (NP’s) and have worked alongside of NP’s almost the entire time. It is...