The June issue of Budget & Tax News opens with Managing Editor Steve Stanek’s report on the looming bankruptcy of Los Angeles, the nation’s second-largest city, largely because of lavish pay and benefits packages for a bloated government workforce. In April, Mayor Antonio Villaraigosa threatened to shut down most city government services two days a week to save money and avert bankruptcy.
Also in this issue:
* Taxpayer advocates are proposing alternatives to President Barack Obama’s executive order establishing the so-called National Commission on Fiscal Responsibility and Reform.
* A multibillion-dollar bridge-building project in Louisville, Kentucky could be funded with tolls on existing bridges—raising opposition from some pols and the public.
* A survey of red-light camera studies shows at least nine raise significant concerns about the cameras, finding they increase accidents instead of preventing them.
* Facing a $522 million budget deficit, San Francisco Mayor Gavin Newsom proposed firing more than 15,000 city employees and then rehiring some of them, at fewer hours per week, to save money. Newsom got concessions from city workers instead.
* Since 2000, Michigan’s population has decreased by 540,750 through domestic migration. Texas, by contrast, has added 848,702 residents. There is perhaps no better mechanism for evaluating the quality of life in a state.
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