Good link, and good read. My only issue with it is that the article repeatedly refers to it as the City's bond money which it is paying interest on that's being held in escrow [[hostage?) by the state.
It's not the city's bond money. It's money which the state is advancing to the city under specific requirements...and that is the source of all this drama.
In any case, since Chapter 9 Bankruptcy is really where all this is heading, I would like to see the Council open up a public discussion about whether or not Chapter 9 would be better, fairer, and why.
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