With lax oversight, mismanaged Oregon towns veer toward insolvency

With lax oversight, mismanaged Oregon towns veer toward insolvency
http://www.oregonlive.com/clackamascounty/index.ssf/2012/04/with_lax_oversight_mismanaged.html


This is why going into debt at this time should be criminal for these cities.  Bandon just increased its maximum indebtedness for its Urban Renewal agency.  Eventually this money has to paid back and there is no guarrantee that the investment in government redevelopment will ever pay off. 

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