Monday, August 22, 2011

A Southern California town on the brink

To pay off its debt over the next three decades, Brea would have to fork over $10 million a year – that's more than double the $4.5 million in annual sales tax revenue the city gets from the Brea Mall.Orange County Register
They are a transit district, the population swells during the day, and much of their security costs are imported.
But, their major impediment are contracts promised many years ago, sticky wages if there ever was such a thing. The main legal issue in California is when is the cheapest way to break the promises.

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