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09-30-2011, 12:47 PM #1
Nine American Cities Going Broke
This is 24/7 Wall St.’s list of Nine American Cities Going Broke
9. Camden, NJ
> Credit rating: Ba2
> 2009 revenues: $181,257,000
> 2009 debt: $103,284,000
> Median household income: $25,418
Camden suffers from high unemployment, high poverty, and a weak tax base. The city’s median household income is less than half that of the national median income and is the lowest of all the municipalities on this list. Moody’s notes that “more than half of Camden’s real estate is tax-exempt, hampering already weak tax collections.â€NO AMNESTY
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09-30-2011, 01:31 PM #2
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09-30-2011, 03:27 PM #3Originally Posted by agrneydgrlJoin our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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09-30-2011, 04:54 PM #4
RELATED
46 U.S. cities have filed for bankruptcy
Since 1980, only about 46 have filed for federal bankruptcy protection. (Out of more than 18,000 cites, towns, villages, etc.)
http://www.alipac.us/ftopict-243090.html
Jefferson County AL. bankruptcy would top $4.1 billion
http://www.alipac.us/ftopict-245510.html
Central Falls RI files for bankruptcy
http://www.alipac.us/ftopict-245635.htmlNO AMNESTY
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10-14-2011, 02:53 PM #5
RELATED
PA. Capitol Backruptcy Filling Not Legal
http://www.alipac.us/ftopict-252481.htmlNO AMNESTY
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10-14-2011, 02:59 PM #6
RELATED
Harrisburg mayor petitions against bankruptcy
http://www.alipac.us/ftopict-252481.htmlNO AMNESTY
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05-03-2024, 11:30 PM in General Discussion