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June 11, 2008

City of Vallejo Chapter 9

The City of Vallejo has a very nice website with immediately accessible documents filed in its chapter 9 bankruptcy case.  The city, just above and east of San Francisco, has 121,000 residents and 407 employees, the bulk of whom belong to one of several unions.  It has an annual budget of $87 million of which 76% is labor costs.  There was some dispute initially whether the city qualified for chapter 9 relief but the court agreed that it did and entered the Order on May 30, 2008. 

June 11, 2008 in Current Affairs | Permalink

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