The saga of Jurupa Valley in California is not quite the same as cities like Stockton or San Bernardino. Jurupa Valley is a relatively new jurisdiction that is going broke because the state has appropriated revenues from a vehicle licensing tax that is designed to help newly incorporated cities make a transition to fiscal soundness. The city's financial problems are more a reflection of the state's fiscal woes than of imprudent employee contracts. I discussed Jurupa Valley and other municipal fiscal stresses on Fox Business:
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