Thursday, July 12, 2012

San bernardino bankruptcy

  • Bankruptcy experts say the decision in San Bernardino - some 60 miles east of Los Angeles - could sound an alarm to cities across the state and country that are grappling with weak property and sales tax revenues as their pension obligations continue to rise.
  • (msnbc.com)
  • San Bernardino this week became the third California city to seek bankruptcy protection in the last month, and experts say it might not be the last.
  • (Los Angeles Times)
  • The drumbeat of cities filing bankruptcy grows louder: San Bernardino has become the third California city in two weeks to go bust, after Stockton (the biggest U.S. city so far to file) and the small Sierra hamlet of Mammoth Lakes. The L.
  • (ABC News)
  • SAN BERNARDINO, Calif. - They cut spending, sold assets and even asked public employees to take a financial hit. But budget woes still mounted for San Bernardino city officials.
  • (Minneapolis Star Tribune)
  • San Bernardino city will continue to protect the public despite the citys move toward bankruptcy, the citys police and fire chiefs said this morning.
  • (Riverside Press Enterprise)
  • SPEAK OUT:What do you think? Let us know on Twitter, Facebook and Google+. SAN BERNARDINO - Its a city on the ropes, the third California city to file bankruptcy this year.
  • (Long Beach Press-Telegram)
  • The City of San Bernardino, California, occupies much of the San Bernardino Valley, which indigenous tribes people originally referred to as The Valley of the Cupped Hand of God.
  • (Worldnews.com)
  • San Bernardino's police and fire chiefs will host a joint news conference at 8 a.m. Thursday, July 12, to discuss the possible impacts on public safety of the city's impending bankruptcy.
  • (Riverside Press Enterprise)
  • SAN BERNARDINO, Calif. — As recently as last month, no city in California had filed for bankruptcy protection since 2008, and no US city of more than 200,000 people had ever chosen that route.
  • (The Boston Globe)

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