CHOWCHILLA HITS BOTTOM AND DEFAULTS ON LOANS
Chowchilla defaults on bond payment for new government building. As Chowchilla heads towards bankruptcy, the city promises to dig into reserves to pay missed payment with penalty fees. Years of neglect by state officials, including then State Senator Denham have led to the pitiful state of financial affairs.
Showing posts with label bankruptcy. Show all posts
Showing posts with label bankruptcy. Show all posts
Friday, January 07, 2011
Thursday, December 09, 2010
Chowchilla Broke....NO MONEY
Now people are volunteering to do regular public functions such as taking care of parks and playgrounds. Recently Chowchilla spent millions to upgrade it's government building - and a very beautiful and well-designed building it is. It seems that serial bad choices are at the root of this bankruptcy. Now we must really get down to work and get this city together. Too many years of neglect and abandonment by our state legislators.
Now people are volunteering to do regular public functions such as taking care of parks and playgrounds. Recently Chowchilla spent millions to upgrade it's government building - and a very beautiful and well-designed building it is. It seems that serial bad choices are at the root of this bankruptcy. Now we must really get down to work and get this city together. Too many years of neglect and abandonment by our state legislators.
Subscribe to:
Posts (Atom)