Still learning lessons of 1994 bankruptcy

If you heard fireworks July 1, it might not have been people overanxious for Independence Day. They might have been celebrating the fact that the county made its final debt service payment to bondholders stemming from the 1994 bankruptcy. This marks an important milestone, and should serve as a reminder of the pitfalls of unaccountable government spending.
“The bankruptcy was a painful chapter in the county’s history, and recovering from it has presented many challenges,” Chair