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mismanagement

07/18/2017 / By Tracey Watson

Wealthy California suburb goes BROKE, wants residents to pony up new fees or face service cuts

It seems hard to believe that a town which boasts a median family income of $169,000 a year has just declared a fiscal state of emergency and could be on the verge of bankruptcy. Nonetheless, according to Bloomberg, that is exactly what is happening in Moraga, a wealthy San Francisco suburb with 17,000 residents. While […]

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