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by dionidium
1132 days ago
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> Furthermore, state law prevents Baltimore (and only Baltimore) from annexing suburbs to increase the tax base St. Louis is the other major independent city. The state doesn't restrict its ability to annex suburbs, but it hardly matters. It doesn't happen, anyway, and it almost certainly wouldn't in Baltimore, either. Who wants either city's problems? |
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It is unclear whether the PBGC (https://www.pbgc.gov/) will bail out the small municipalities. But i'd bet that Illinois, California, LA, NYC get bailouts. In such a situation, it would make sense for a municipality to join in with a "too-big-to-fail" entity.
I'm not a local government expert, but i'm seen enough bailouts to think these are decent guesses.