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San Bernardino votes to file for bankruptcy protection
Cali is averaging a city a week going down the tubes the last three weeks. Do we still want more cops, teachers, and firefighters?
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San Bernardino votes to file for bankruptcy protection
July 10, 2012 | 9:06 pm
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The San Bernardino City Council votes to file for bankruptcy. Facing a $45-million budget shortfall and the prospect of not being able to pay city workers, the panel Tuesday voted to file municipal bankruptcy, the third California city to do so in recent weeks.
The vote came shortly after the interim city manager recommended seeking bankruptcy protection, saying the city may not be able to make payroll over the next three months. "We have an immediate cash flow issue," Andrea Miller told the mayor and seven-member council.
The dire fiscal situation remains even after the city negotiated $10 million in concessions from employees and slashed the workforce by 20% over the last four years.
If San Bernardino declares bankruptcy, it would be the third California city to do so in recent weeks, joining Stockton and Mammoth Lakes. The council called special back-to-back budget meetings Tuesday and Wednesday, which are expected to attract a packed house at City Hall.
This is only the beginning.
"All previous attempts to base money solely on intangibles such as credit or government edict, or fiat, have ended in inflationary panic and disaster"– Winston Churchill
Tetris Champion!
ya gotta trust what nodrama says, his predictions are always right on. like when he predicted after the food safety and modernization bill passed, that my backyard garden would be illegal and farmer's markets would cease to exist. well, here i sit, imagining myself eating this gyro i bought at the tuesday market tonight and imagining chest high corn in full tassel that is just starting to develop its ears.
oh, nevermind, i actually am eating this gyro and the corn actually is in full tassel and developing ears.
Originally Posted by nontheist
Tetris Champion!
maybe i should copy and paste similar stories of red states hard hit by the after effects of the great recession brought to us by GOP business men presidents.
nah, wouldn't want to be an unoriginal dickbag.
after all, the 14 year old kid nontheist has "done his research".
I never predicted that, but its nice of you to remember me anyhow.
"All previous attempts to base money solely on intangibles such as credit or government edict, or fiat, have ended in inflationary panic and disaster"– Winston Churchill
Tetris Champion!
i see, you must have plagiarized it thereby making it not truly your prediction.
Woo hoo! This is good news. Now I can move there and get a house when they plummet!
Unlimited tolerance must lead to the disappearance of tolerance.If we extend it even to those who are intolerant,if we are not prepared to defend a tolerant society against the onslaught of the intolerant,then the tolerant will be destroyed,tolerance with them.
Ahh did I touch a nerve bucky? Does it bother you that union cities titanic? That Texas is about to be the number 1, boy its going to be tough to swallow huh?
Tetris Champion!
you'd have to do a lot more than selectively copy and paste to touch a nerve with me, kiddo. you're a sock puppet and a joke on this board. not only that, your sock puppet creates sock puppets, according to the site admin.
so i think we all know who has gotten to who here, kiddo.
fuck off, sock puppet.
I wish that state would fall into the ocean.
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