Vallejo Votes To File Bankruptcy

What was, earlier this year, the last ditch, pull-in-case-of-emergency contingency option of declaring bankrupcy has becoming the reality for the city of Vallejo, whose city council voted unanimously last night to file for Chapter 9 Bankruptcy Protection:

The council and several speakers said the city simply will have no money on July 1 and cannot tell its employees to come to work because there is no money to pay them. Councilwoman Stephanie Gomes, an ardent supporter of the city’s filing for bankruptcy, said, “I want to make sure the City Council is in charge of this city and not those who comprise 80 percent of our general fund.” Countering the assertion that bankruptcy would tarnish the city’s image, Gomes said, “Who wants to move to a city that can’t address its problems?” Mayor Osby Davis said bankruptcy would be “a long, hard, difficult process.” “We will rise out of this darkness and we will shine again,” Davis said.

Good luck brah! In a stroke of utter coincidence…Vallejo’s most famous export, N2Deep is playing here in Chico tonight. POUR SOME OUT FOR THE HOMIES BACK IN V-TOWN RELLIE! Maybe they could help kickstart the local economy by opening a “Back to the Hotel” themed hotel. Could be a real winnar!

Tags: back to the hotel, bankruptcy, chapter 9, city council, N2Deep, Vallejo