The disaster that is North Las Vegas made national news today as Fox is reporting on NLV financial disaster.
From Fox News: There are no signs of rioters, wind-damaged homes or flooding. The
brand new City Hall features gleaming marble floors and the public
recreation centers offer Zumba, karate and Pilates classes.
Despite all of its suburban trimmings, North Las Vegas is officially a disaster area.
After five years of declining property taxes, massive layoffs and
questionable spending, leaders of the blue-collar, family-oriented city
outside Las Vegas declared a state of emergency, invoking a rarely used
state law crafted for unforeseen disasters.
No matter that the statute, which allows municipalities to suspend
union contracts and avoid paying scheduled salary increases, doesn't
actually include fiscal emergencies among the list of potential
"It says, in case of `emergency such as.' You can't list how many
different types of emergencies there are in the world," City Council
member Wade Wagner said of the move, which will save the city $9
There are many cities across the nation grappling with declining
property values and growing expenses like North Las Vegas, but few, if
any, have declared financial emergency....
For nearly two years, the city, where residents have long paid the
highest tax rate in southern Nevada, has teetered on the edge of
One in every 195 homes is in foreclosure, the state's highest rate.
Once the nation's fastest growing city, it lost more than 3,000
businesses in three years after the recession hit in 2007. Its total
revenue has plunged from $817 million in 2009 to $298 million this year.
Read more: http://www.foxnews.com/politics/2012/06/23/cash-strapped-nevada-city-declares-state-emergency/#ixzz1yd53Ow9e