Who knew cities could go bankrupt? These days, we understand the possibility too well. Like corporations and people, cities can find themselves in court renegotiating debt. In the past year, cities in states from California to Rhode Island have either filed for bankruptcy or are considering it. Like the United States government, the debt dilemma concerns raising revenues (usually taxes) or reducing expenditures (usually on city services). How do cities spell relief? Are cities in Northern … [Read more...] about Bonds and Bankruptcy in Northern Arizona
debt
CD 1 Lawmaker Responding to President’s Speech
Congressmen Gosar Responds to the President’s Request for Another Stimulus Plan—“Son of Stimulus” WASHINGTON, D.C. – Congressman Paul Gosar (AZ-01) made the following statement in response to President Obama’s address to the Joint Session of Congress on September 8, 2011: “I was very disappointed in the speech. Once again the President asked for our trust, but I think he keeps forgetting that trust is a series of promises kept. I am still awaiting fulfillment of many of his … [Read more...] about CD 1 Lawmaker Responding to President’s Speech
The Outlook for Pine Canyon
There has been little in the news about the prestigious Pine Canyon development on the southern edge of Flagstaff since the developer, Lonetree Investments Inc., declared bankruptcy in September. Yet, security guards still staff the entrance gates and the adjacent realty office is still open for sales. A springtime drive around the development reveals beautifully crafted large mountain chalet-style rock-log mini-mansions. The golf course looks immaculate and a late spring snowfall has been … [Read more...] about The Outlook for Pine Canyon
Opportunities In Public Private Partnerships
Public-private partnership (PPP) describes a government service or private business venture that is funded and operated through a partnership of government and one or more private sector companies. A PPP is a contract between a public entity and a private party in which the private party provides a public service or project and assumes a substantial financial and operational risk in the project. This agreement between the government and the private sector is usually associated with the … [Read more...] about Opportunities In Public Private Partnerships
