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: A year under bankruptcy cloud
    SAN BERNARDINO -- A year ago today, City Council members surprised many residents by making what some described as the hardest decision they would make while in office: They authorized city officials to file for Chapter 9 bankruptcy protection. Some city ...
    07/8/2013 - 1:01 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 ...
    11/27/2012 - 2:02 am | View Link
  • San Bernardino Council Votes to Tap Into Restricted Funds
    Interim City Manager Andrea Travis-Miller told the City Council Wednesday night that without the ... a little dignity and now i’m being shoved to the curb." San Bernardino filed for bankruptcy Aug. 1 and is trying to bridge a $45.8 million budget deficit.
    08/29/2012 - 7:45 pm | View Link
  • UPDATE 5-Near-bankrupt San Bernardino votes to default on debt
    The emergency plans follows the San Bernardino council voting on July 18 to file for bankruptcy, probably within the next 30 days. Investors might eventually get paid in full depending on any later plan approved by a bankruptcy judge. The city is also in ...
    07/24/2012 - 6:34 pm | View Link
  • Near-bankrupt San Bernardino votes to suspend debt payments
    San Bernardino, the third California city planning to file for bankruptcy since June, voted to stop debt payments, freeze vacant jobs and quit paying into a retiree health fund under a three-month emergency proposal submitted to the city council on Tuesday.
    07/23/2012 - 1:00 pm | View Link
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