Comment on Baltimore Bankruptcy? City Forecasts Financial Ruin

Baltimore Bankruptcy? City Forecasts Financial Ruin

WASHINGTON — The Baltimore city government is on a path to financial ruin and must enact major reforms to stave off bankruptcy, according to a 10-year forecast the city commissioned from an outside firm.The forecast, obtained by The Associated Press ahead of its release to the public and the City Council on Wednesday, shows that the city will accumulate $745 million in budget deficits over the next decade because of a widening gap between projected revenues and expenditures.Read More...

 

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