Even with bonded debt at over twice the tax levy the county continues to bond to buy or build golf clubhouses, solar panels, warehouses for private-sector companies, low-income housing, parking garages, dog parks, and even tiles. HT Pension TsunamiBuryPensions Blog hammers really bad county government in New Jersey.
The author discovers a category error in the WSJ map of bankrupt states, county debt was not included, a major whoops. Once the author adds local knowledge of New Jersey county debt then the story changes, dramatically.
Eliminating counties in California may be a step, they mainly serve unincorporated towns and hamlets. I dunno.
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