City to Vote on Bankruptcy Plan
Posted on Dec 28, 2010 8:20pm PST
The California city of Vallejo is reportedly voting on a plan to emerge from bankruptcy that will involve a five-year-plan. The city is reportedly voting on a plan that will cut spending, increase revenue and has the city dealing with all its debts. The city reportedly originally filed for bankruptcy in 2008, which was the largest California city to file since Orange County in 1994.
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