Bloomberg reports today that the Florida State Board of Administration, which handles local government investments, has halted all withdrawals forcing school districts to get loans just to meet monthly payrolls... Looks like the Orange State is going to follow the Orange County into the composting toilet of financial management.
Friday, November 30, 2007
Florida is Bankrupt
Posted by EL TB at 5:08 PM
Labels: credit crunch, florida, state finance
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1 comment:
Hmm. Who is in charge down there? When people who believe that government is inherently corrupt campaign and get themselves in office, then governemtn is iherently corrupt.
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