While there is local capacity, not much of it is provided by financially
Secessionists cheered the report because it makes the new city more financially
viable while giving more money to Los Angeles to relieve its concerns about financial harm.
In the wake of Hurricane Katrina, Californians also do not believe that they should count on government to bail them out financially
after the next catastrophe.
Under state law, a secession proposal can be placed before voters only if it would result in a financially
viable city that would have the revenue to maintain services at roughly their current level.
When Good Companies Go Bad: Legal Obligations and Options of Financially
All three were financially
viable, with ``alimony'' payments to Los Angeles of $11 million, $17 million or $25 million, depending on how much area broke away.
The report was a reversal from earlier reports that found that Harbor-area cityhood was not financially
About two in five believe they will be better off financially
in the coming year and 39% foresee things being no worse.
Because Valley residents pay more in taxes than they receive back in city services, the new city must make a revenue neutrality payment, commonly referred to as ``alimony,'' to make Los Angeles financially
Investors were not informed that Cho was investing their pooled money in financially
risky commodity futures, or that he had been losing his own funds since February 1996 and investors' funds from 1998 through September 2002.
Supporters of the San Pedro-Wilmington secession effort released a report Wednesday that found a Harbor-area city would be financially
viable on its own and would be more efficient than the city of Los Angeles.
CHICAGO -- Almost one in three hospital CEOs believe their organizations could fail financially
in the next five years.