Similar Stories to Baltimore Bankruptcy? City Forecasts Financial Ruin on Bing News

WASHINGTON — The Baltimore city government is on a path to financial ruin and must enact major reforms to stave off bankruptcy, according to a 10-year forecast the city commissioned from an outside firm.The forecast, obtained by The Associated Press ahead of its release to the public and the City Council on Wednesday, shows that the city will accumulate $745 million in budget deficits over the next decade because of a widening gap between projected revenues and expenditures.Read More...

BING NEWS:
  • Recent Retail Industry Bankruptcy Cases
    This issue of the Bankruptcy Update focuses on the recent retail industry bankruptcy cases of 99 Cents Only, Express and JOANN.
    05/16/2024 - 3:06 am | View Link
  • Baltimore, United States
    Night - Mostly cloudy. Winds SSE. The overnight low will be 59 °F (15 °C). Mostly cloudy with a high of 71 °F (21.7 °C) and a 58% chance of precipitation. Winds from SSE to S at 5 to 10 mph (8 ...
    05/13/2024 - 1:00 pm | View Link
  • Joann Inc. exits bankruptcy with the 'strongest financial foundation in many years'
    Joann Inc. emerged from bankruptcy without reducing its retail footprint or employee head count. Joann Inc., the parent of hundreds of Jo-Ann fabrics and craft stores nationwide, emerged from ...
    05/2/2024 - 4:59 am | View Link
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