Vallejo, Calif. Approves Ch. 9 Business Plan
Council members approved the business plan Tuesday in a 7-0 vote, paving the way for Vallejo to file a disclosure statement and Chapter 9 plan of adjustment within the next couple of months.
Among other things, the plan contains strategies to maintain a balanced operating budget, address creditor and debt obligations, and rebuild fiscal stability.
Specifically, it calls for more labor...
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