As businesses close due to a tightened credit market and are unable to ride out the financial crisis safe cities structures collapse.
Tax revenues are plummeting and turning to a bankrupt state such as California is not an option for cities and turning to a bank or the public to have their debt financed is even more unlikely, as credit ratings of the state, county & cities fall to new lows.
Home owner associations are going bankrupt due to foreclosures and a shortage of due paying residents in a community.
Business are closing doors with a lack of demand, some of these business’s that are closing are the foundation of the tax structures of cities.
Environmentalist pressure closure of Richmond refinery
Richmond’s Chevron Refinery was attacked by a Green Party Mayor and a lawsuit by a persistent environmental group. The company has decided to eliminate the plant and its action will close many business that rely on the facilities operations for their business causing a chain reaction of loss of revenue, jobs and vacancies for the already struggling city of Richmond. Cap & trade measures if passed will force the exact same scenarios nationwide of bankrupting cities and its citizens.
Richmond with some of the highest crime statistics in the state will now be faced with losing the foundation of this cities tax structure. Many services will see cuts including police support services if not the police force itself. Richmond is a dramatic example not having multiple large companies to diversify the loss such as some Silicon Valley cities. Richmond has already been hit recently by loss of port revenue due to lack of demand for goods and is facing a closure of Hilltop Mall the largest shopping area which has become crime ridden and has compounding vacancies.
Unemployment and lack of funding for police services for bankrupt cities such as Vallejo has created high crime areas that soon will become unmanageable with the current budgets. Waiting for the City Police to solve the problem could prove fruitless, response times are increasing and manpower to process any crime has been cut, salaries have been reduced and further cuts are currently planned for most cities in California.
Many homeowners & condominium associations have declared bankruptcy creating a very hard sell for already vacant developments. These are quickly becoming high crime areas with very low rents and lack of structure in a community.
It does not take much forethought to see that you must protect yourself with today’s tools. Secure your property with high security locks that resist picking and lock bumping to protect your entries. Install video surveillance to deter criminals from attempting entry and criminal activities on your property and in your community. Place all of your belongings in a safe that is rated as UL listed residential security container.
Protect yourself, protect your property and protect your community.
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Come visit us at 1122 Saratoga Ave San Jose CA 95129 or call us for free estimate 877-611-LOCK (5625)
877-611-LOCK (5625)
