Al Pettit gave a presentation Wednesday night warning that Coos County was on the “verge of bankruptcy” and the worst thing any county can do is “file bankruptcy” because “there are long term implications to any county filing bankruptcy in terms of borrowing money, in terms of interest rates…” and “we should avoid it at all costs.” According to the State, bankruptcy and the corresponding damage to the county’s credit rating and borrowing capacity is not an option.

Oregon, unlike many states, has no provision to allow its local governments to take advantage of municipal bankruptcy under Chapter 9 of the Internal Revenue Code and has no provision for state supervision or temporary takeovers of local governments that experience fiscal distress or insolvency.

Blatant ignorance of this nature is just another example of why the committee’s perceptions are untrustworthy.

Someone warned a gathering of the Americans for Prosperity group last night that before long, if this runaway train isn’t stopped, we will have a new czar running the county. It will be curious to see how the commissioners decide what authority and responsibility the commissioners will agree to relinquish to the new czar and if one refuses to pass off any portion of their job, if the other two can vote to force it. The two appointed commissioners do not appear to be interested in taking responsibility at all, preferring to pass off these chores to appointed citizen committees and now a hired manager, however, the elected commissioner may feel he has an obligation to the voters to continue his term as is and a new czar could create quite a tempest in an already troubled courthouse.