Similar Stories to Ex-official Leaves Huge Debt For California City on Bing News

A former city official who became a symbol of municipal greed was sentenced Wednesday to 12 years in prison -- less than half the time it will take the nearly bankrupt Los Angeles suburb of Bell to dig itself out of the estimated $150 million in debt he left behind.

Topics:  los angeles   bell   debt   city   
BING NEWS:
  • California Cannabis Industry Is Drowning In Debt: $732M Owed In Taxes, 72% By Companies Already Closed Down
    Cannabis companies in California are facing a massive debt issue, with unpaid taxes totaling $732 million. The bulk of this debt, approximately 72%, is owed by businesses that have already shut down, ...
    04/23/2024 - 7:43 am | View Link
  • California’s Debt Continues to Grow
    After borrowing billions from the federal government to pay for unemployment during the pandemic, the state’s debt now stands at about $21 billion and growing. The state also currently accounts for ...
    04/18/2024 - 11:16 am | View Link
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