# Want to know why a city can go bankrupt?
**URL:** https://forums.speedlife.net/t/want-to-know-why-a-city-can-go-bankrupt/46016
**Category:** NYSpeed Off Topic
**Created:** [April 1, 2008, 10:28am UTC](https://forums.speedlife.net/t/want-to-know-why-a-city-can-go-bankrupt/46016 "2008-04-01T10:28:37Z")
**Posts on this page:** 7
**Page:** 1
### Author:  [@AFhockey31](https://forums.speedlife.net/u/AFhockey31)
#### Post date: [April 1, 2008, 10:28am UTC](https://forums.speedlife.net/t/want-to-know-why-a-city-can-go-bankrupt/46016/1 "2008-04-01T10:28:37Z")
[http://www.sfgate.com/webdb/vallejo/](http://www.sfgate.com/webdb/vallejo/)
unreal…The city of Vallejo is claiming to be on the verge of bankruptcy. How many fire fighters and cops need to earn over $200K much less $100K??? Ridiculous
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### Author:  [@66impalass](https://forums.speedlife.net/u/66impalass)
#### Post date: [April 1, 2008, 10:42am UTC](https://forums.speedlife.net/t/want-to-know-why-a-city-can-go-bankrupt/46016/2 "2008-04-01T10:42:03Z")
I think Knoxeville is on the verge of it as well, I read an article where they invested in something that flopped, now they are cutting anything and everything out of the budget they can, I am going to try to find the article
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### Author:  [@JayS](https://forums.speedlife.net/u/JayS)
#### Post date: [April 1, 2008, 10:45am UTC](https://forums.speedlife.net/t/want-to-know-why-a-city-can-go-bankrupt/46016/3 "2008-04-01T10:45:39Z")
Erie County came damn close. So did the city of Buffalo.
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### Author:  [@97FormulaWS-6](https://forums.speedlife.net/u/97FormulaWS-6)
#### Post date: [April 1, 2008, 11:24am UTC](https://forums.speedlife.net/t/want-to-know-why-a-city-can-go-bankrupt/46016/4 "2008-04-01T11:24:49Z")
Wish Erie County, Buffalo, and the WHOLE DAMN state would do that… instead of funding every pet project anyone can think of…
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### Author:  [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)
#### Post date: [April 1, 2008, 11:25am UTC](https://forums.speedlife.net/t/want-to-know-why-a-city-can-go-bankrupt/46016/5 "2008-04-01T11:25:57Z")
Speaking of New York State…
[http://www.bcnys.org/whatsnew/2008/0401budgetstatement.htm](http://www.bcnys.org/whatsnew/2008/0401budgetstatement.htm)
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### Author:  [@JayS](https://forums.speedlife.net/u/JayS)
#### Post date: [April 1, 2008, 11:35am UTC](https://forums.speedlife.net/t/want-to-know-why-a-city-can-go-bankrupt/46016/6 "2008-04-01T11:35:37Z")
^ Ha. In NY budget speak as long as the increase you’re giving a department this year isn’t as big as the increase you gave them last year, that’s considered a “cut”.
ex, you give highways a 10% budget increase last year, and only and 8% increase this year, NY politicians will call that a 2% budget cut. :bloated:
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### Author:  [@ILCisDEAD](https://forums.speedlife.net/u/ILCisDEAD)
#### Post date: [April 1, 2008, 11:36am UTC](https://forums.speedlife.net/t/want-to-know-why-a-city-can-go-bankrupt/46016/7 "2008-04-01T11:36:15Z")
1 Joann West Police Department $435,638
umm wtf