Posted by & filed under Financial analysis, Financial Planning, Governments & Regulators.

Description:  Stockton, California, Police Chief Tom Morris was supposed to bring stability to law enforcement when he was appointed to the job four years ago.

Source: Bloomberg.com

Date: July 31, 2012

Link: http://www.bloomberg.com/news/2012-08-01/police-chief-s-204-000-pension-shows-how-cities-crashed.html

Questions for Discussions:

  • Explain the crisis facing these cities in terms of financial mismanagement of budgets and cash flow estimations?
  • Is there a financial solution?
  • Could legislation be used to regulate pensions?

 

 

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