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This City is Heading Down Detroit's Path
Governing: North Las Vegas could be the next city to risk bankruptcy if its current trends continue, a new report warns.
“North Las Vegas, while not in default, is nearing insolvency,” said Fitch Ratings Director Matthew Reilly. He added that the “dire fiscal picture stems from a steep drop in revenues due to the severity of the recession” coupled with several years of contractually obligated salary increases for city employees.
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