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.

BING NEWS:
  • Third City In California Votes to Seek Bankruptcy
    Faced with a budget shortfall of $45 million and city coffers that have already been drained, the San Bernardino City Council voted on Tuesday to file for bankruptcy. Andrea Travis-Miller, the interim city manager, told Council members before the vote that ...
    08/23/2014 - 12:44 pm | View Link
  • City attorney and councilmember recalled in San Bernardino
    San Bernardino declared bankruptcy a year ago, and the politically divided City Council has struggled to agree on a strategy ... But she got the most votes in the mayoral election, so she'll be in a February runoff. A second councilmember, John Valdivia ...
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  • Bankrupt San Bernardino hires new manager for California city
    The city council voted ... third California city to file for bankruptcy last year, following Stockton and Mammoth Lakes. The city's biggest creditor, the California Public Employee Pension Fund (Calpers), has opposed San Bernardino's quest to seek ...
    02/14/2013 - 11:00 am | View Link
  • San Bernardino council votes to slash budget more than $26 million
    The City Council ... federal Bankruptcy Judge Meredith Jury told San Bernardino officials that she expected the budget-cutting plan to be filed soon. Some of the city's creditors have argued that San Bernardino does not qualify to file for municipal ...
    11/27/2012 - 2:08 am | View Link
  • SEC launches inquiry into San Bernardino's finances
    The U.S. Securities and Exchange Commission has opened an inquiry into the city of San Bernardino's financial ... and they openly spar during City Council meetings. The city attorney also caused a stir early in the bankruptcy discussions when he asserted ...
    10/16/2012 - 1:00 pm | View Link
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