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Old 12-24-2010, 11:33 AM
 
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
10,138 posts, read 16,094,543 times
Reputation: 4047

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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
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Old 12-24-2010, 11:59 AM
 
Location: roaming gnome
12,384 posts, read 28,569,496 times
Reputation: 5889
Yeah local gov is supposed to be a bubble to contend with the housing bubble.
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Old 12-24-2010, 12:04 PM
 
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
10,138 posts, read 16,094,543 times
Reputation: 4047
Quote:
Originally Posted by grapico View Post
Yeah local gov is supposed to be a bubble to contend with the housing bubble.
For Chicago it says "Deficit through December 2011: $654 million Closed". What does the "closed" part mean exactly?

Cincinnati has a $30 Million per year budget deficit, since they are Biennial, meaning its for two years instead of one compared to everyone else on the list being annual.
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