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:
  • San Bernardino City Council declares fiscal emergency, votes to file bankruptcy
    The seven-member council immediately followed the action Wednesday night by voting 5-2 to seek Chapter 9 bankruptcy protection. "These votes mean that the City of San Bernardino will move forward with its plan to file for Chapter 9 bankruptcy protection in ...
    12/31/1969 - 7:00 pm | View Link
  • SAN BERNARDINO: Council votes again for bankruptcy
    After more than a week of anguished debate over a fiscal crisis that could leave San Bernardino unable to pay its bills, City Council members on Wednesday, July 18, declared a fiscal emergency and agreed to file for bankruptcy protection. Mayor Pat Morris ...
    12/31/1969 - 7:00 pm | View Link
  • The New York Times
    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 ...
    12/31/1969 - 7:00 pm | View Link
  • In last-resort move, San Bernardino votes to file for bankruptcy
    The San Bernardino City Council has voted to file for Chapter 9 bankruptcy protection. The city is looking at $166-million in salary, benefits and other costs, but it’s got $40 million less in revenue. The only way out, say reluctant city officials ...
    12/31/1969 - 7:00 pm | 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 ...
    12/31/1969 - 7:00 pm | View Link
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