From the San Bernadino Sun:
The City Council voted Tuesday night to authorize a bankruptcy filing.
The vote gives City Attorney James F. Penman power to begin
proceedings for Chapter 9 bankruptcy, which would free the city of much
of its debt but maintain the mayor and council as decision-makers.
Without filing for bankruptcy, the city - which has a deficit
of $45 million - would likely be unable to meet its Aug. 15 payroll,
according to Penman.
Four council members voted for the authorization, with
Councilmen Chas Kelley and Fred Shorett opposing it and Councilman John
Valdivia abstaining.
All seven council members, city administrators and many members of the public said the decision was heart-wrenching.
We MUST Have an Enemy!
16 hours ago
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