SAN BERNARDINO, Calif. (AP) – Officials in San Bernardino, Calif., which is facing an expected $45.8 million budget deficit this year, have formally filed for Chapter 9 bankruptcy protection, a move that city leaders approved last month.
Interim City Manager Andrea Travis-Miller said Wednesday that there would be “no immediate service reductions or changes in service to the community as a result of the filing.”
City officials are working on a plan for the city’s operational budget during bankruptcy. Once the plan is complete, reductions may occur, said Travis-Miller, who is aiming to submit a plan for the City Council’s consideration within the next three weeks.
The city of 210,000 people, about 60 miles east of Los Angeles, declared a fiscal emergency July 18. It has become the third California city to declare insolvency this year, joining Stockton and Mammoth Lakes.
After last month’s announcement, San Bernardino’s finances experienced increased stress when a dozen employees put in for retirement with hopes of cashing out accrued vacation and sick time. The announcement also has spurred vendors to demand cash instead of credit as payment.
Officials say the housing crisis devastated property and sales tax revenues, and the loss of state redevelopment funds took a toll on the city’s budget.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
- Stretches and exercises for carpal tunnel syndrome
- The best Major League ballparks have their own personality
- Comparing the best regular seasons: The '96 Bulls and '16 Warriors
- 3 Arizona road trips and the vehicles to get you there
- Colon cancer is preventable. Check these signs and symptoms to stay healthy.
- 6 of the biggest skin cancer myths
- Affordable small home makeover ideas
- Locals helping locals: 6 success stories you need to know about
- Sunscreen facts that could save your life
- 6 energy saving hacks for your home
- 5 tips for choosing a company to end your timeshare
- Overlooked water tips to save you money
- 5 of the most adored gentlemen in professional sports today
- The real danger of sitting at your desk
- Most surprising NBA playoff performances of the last 40 years
- 11 classic baseball movies you must see again
- Finally getting rid of fat: 3 methods that actually work
- 4 reasons cancer survivors should focus on food
- 5 spring cleaning spots everyone forgets
- 5 reasons to look forward to watching the D-backs this season
- Common virus attributed to spike in head and neck cancers
- 5 signs it’s time to end your timeshare ownership
- 3 most overlooked ways to keep your home healthy
- 6 ways the air in your home could be making you sick
- CrossFit dangers: 5 common injuries and how to deal with them
- Today's radiation treatments offer better success, fewer side effects
- Tips to make watching TV on the patio even better
- What really happens when you donate to a community college?
- Sun and skin cancer: Separating fact from fiction
- 5 critical lifestyle changes for a healthy colon