One has to wonder if Portland might deliberately drive itself into bankruptcy as part of a larger plan to become the hipster capital of the world. Regardless, the largest city in Oregon is well on its way to financial trouble. Moody’s is reviewing the city’s credit rating for its general obligation bonds, but also for Portland’s tax obligation bonds, housing bonds and redevelopment bonds. The city has more than $453 million in unfunded pension debt.
watchdog.org/97943/nine-sputtering-cities-may-foll...troit
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