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===2006 municipal bankruptcy===
The Municipality of Taranto was declared bankrupt effective 31 December 2005, having accrued liabilities of €357 million.<ref>{{Cite web |title=Dissesto Taranto, s'insediano i liquidatori |url=https://www.lagazzettadelmezzogiorno.it/news/puglia/55821/dissesto-taranto-s-insediano-i-liquidatori.html |access-date=2023-08-10 |website=www.lagazzettadelmezzogiorno.it |date=23 November 2006 |language=it}}</ref> This was one of the biggest financial crises which has ever hit a municipality.

The bankruptcy declaration was made on 18 October 2006 by the receiver Tommaso Blonda. He was appointed following the resignation of the mayor, Rossana Di Bello, on account of her sixteen-month prison sentence for abuse of office and forgery of documents relating to investigations into the contract for the management of the city incinerator, awarded to Termomeccanica.