In the end of February, I wrote about the City of Vallejo's financial problems, primarily brought about by their City Council's deals with the Police and Fire Union.
The gist, in order to keep their Police and Fire Union's happy, 74% of Vallejo's budget went to pay them and their pensions.
Obviously, no City can afford that, so...
Vallejo votes to declare Chapter 9 bankruptcy
How does this relate to Newport Beach?
Other than a similar size of residents, nothing really.
But what we have in common are very strong Police and Fire Unions.
Obviously, since Newport Beach's Police and Fire nut isn't 74% of the budget, but its growing.
But with lots of money spent during the City Council campaigns, and the latest brouhaha about low Police morale originating from the Police Union, these Unions do carry a large bat.
Big enough to put the City in BK? Probably not.
Probably not today, at least.
But if our City isn't careful, then we could get into financial problems tomorrow, ala San Diego and the County of Orange with their PENSION problems.
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