◼ The Fall of Pacific Grove – How it Began, and How City Officials Fought Reform - UnionWatch
Part 1 of 7: Pacific Grove is a quiet town of 15,000 residents located on the northern tip of the Monterey peninsula, with the larger resort town of Monterey to the east, and Pebble Beach to the west... Pacific Grove is an idyllic place. But Pacific Grove is going broke, and the story of how the city got to the edge of financial disaster is a story of corruption and power, hidden from public scrutiny or independent expert analysis. It is a story about public sector unions, powerful financial interests, and complicit city management, working together to fleece taxpayers and enrich themselves, heedless of rising debt or the inevitable ruinous consequences. And what is happening in Pacific Grove is representative of what is happening in every city and county in California.
...How deep is the Pacific Grove financial hole? It is bottomless! Pacific Grove is not alone. For example, Moody’s, the credit rating agency, has placed neighboring Monterey on its “Watch List.”