New York, NY
Deficit through June 2012:
$2 billion
Budget in FY2010:
$63.1 billion
Washington, DC
Deficit through September 2012:
$688 million
Budget in FY2011:
$8.89 billion
Chicago, IL
Deficit through December 2011:
$654 million Closed
Budget in FY2010:
$6.8 billion
Los Angeles, CA
Deficit through June 2012:
$438 million
Budget in FY2011:
$6.7 billion
San Francisco, CA
Deficit through June 2012:
$380 million
Budget in FY2011:
$6.55 billion
Honolulu, HI
Deficit through June 2012:
$100 million
Budget in FY2011:
$1.8 billion
Detroit, MI
Deficit through June 2011:
$85 million
Budget in FY2011:
$3.1 billion
San Jose, CA
Deficit through June 2012:
$90 million
Budget in FY2010:
$2.7 billion
San Diego, CA
Deficit through June 2012 :
$73 million
Budget in FY2011:
$2.85 billion
Cincinnati, OH
Deficit through December 2012:
$60 million
Biennial budget FY2009/2010:
$2.5 billion
Newark, NJ
Deficit through December 2011:
$30.5 million
Budget in FY2010:
$677 million
Reading, PA
Deficit through December 2011:
$7.5 million
Budget in FY2010:
$120 million
Joliet, IL
Deficit through December 2011:
$21 million
Budget in FY2010:
$274 million
Camden, NJ
Deficit through December 2011:
$26.5 million
Budget in FY2010:
$178 million
Hamtramck, MI
Deficit through June 2012:
$4.7 million
Budget in FY2011:
$18 million
Central Falls, RI
Deficit through June 2012:
$7 million
Budget in FY2011:
$21 million
Paterson, NJ
Deficit through December 2011:
$54 million
Budget for FY2010:
$225 million
Source: 16 u.s. cities that could face bankruptcy in 2011: Tech Ticker, Yahoo! Finance