Tuesday, August 21, 2012

City of Duarte,California heading toward bankruptcy

Duarte could become the latest municipality to be forced into formal bankruptcy
and many other cities could be facing the same fate. Citing the loss of the City’s 38-year old Redevelopment Agency, the Duarte City Council will be considering declaring a fiscal emergency on Tuesday night in order to place a sales tax measure on the upcoming November 6 ballot.

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