San Bernardino (CA) seeks bankruptcy protection

http://www.latimes.com/news/local...6419.story

San Bernardino on Tuesday became the third California city in less than a month to seek bankruptcy protection, with officials saying the financial situation had become so dire that it could not cover payroll through the summer.

The unexpected vote came at the suggestion of the interim city manager, who said the city faces a $46-million deficit and depleted coffers.

"We have an immediate cash flow issue," Andrea Miller told the mayor and seven-member City Council.

Mayor Patrick Morris called the decision, passed on a 4-2 vote, a "stain" on the city. But he said the only other option was "draconian cuts" to all city services, including the police and fire departments.

"It means the bills will be paid," said a dejected Morris, who is not a voting member of the council.

The city's fiscal crisis has been years in the making, compounded by the nation's crushing recession and exacerbated by escalating pension costs, lucrative labor agreements, Sacramento's raid on redevelopment funds and a city reserve that is tapped out, officials said.




Not surprising. California tax and spending with lavish union benefits is collapsing under its own weight.

At least they've got that train project moving along.

Someone should create a California Apocalypse mega-thread.

Quote from cruizerfish : Someone should create a California Apocalypse mega-thread.

Yeah, there will be plenty of material for one....

Quote from OhNoItsDEVO : At least they've got that train project moving along.

Cities and towns across the state are having budget problems.. Cities and towns across the state are turning into "Cesspools".

Quote : Someone should create a California Apocalypse mega-thread.

That's true.. Everyone will agree..
"The Biggest problems in this Country are caused by our own Government."

Quote : If You Live In California Things Just Got A Whole Lot Worse http://theeconomiccollapseblog.co...-lot-worse

I saw CNBC's "A Greek Tragedy" a couple of days ago..
I thought they were talking about California.. The Parallels were unbelievable..
Big Government, High Unemployment, Unfunded Pension costs, Unfriendly Business enviroment, Huge Deficit..
http://www.cnbc.com/id/47802825/

Its time to Fire up the Moving Vans..

What happens in California.. So goes the rest of the Country..

Quote : OH CRAP: A Whole Bunch Of Cities And Counties Are Now Seeing Their Finances Collapse Mostly California Cities.. http://www.businessinsider.com/ci...z20MQiSHAI

Well, I hope that conservatives and fiscal conservatism isn't blamed for this one.

It's easy to spend money and even easier to spend other peoples money. I doubt the mayor, city manager and local officials have this much trouble balancing their personal checkbooks.

I don't remember these events taking place while Bush was in office but I'm sure it's his fault somehow.

Quote from andyfico : I don't remember these events taking place while Bush was in office but I'm sure it's his fault somehow.

I agree...

I was told illegal aliens are good for the economy.

Quote from Krazen1211 : Not surprising. California tax and spending with lavish union benefits is collapsing under its own weight.

Naturally unions. Let's ask San Bern what the problem is.

Quote : The city was facing a budget shortfall of $45.8 million, and as City Attorney James Penman states, "the mayor and the council were not given accurate documents [regarding the budget]". Penman said that the documents presented to the mayor and council had been falsified for 13 of the 16 years, which masked the city's spending and essentially exasperated the city's financial issues.

So no. It's old fashioned fraud. Course, any of us that know San Bern know it's been on a long slow road to destruction ever since they lost the...

Wait a minute. NONE of you have a damn clue what you're talking about do you? You don't know the history of San Bern, the economy, the surrounding area, nothing, do you?

Then why are you talking about it?

/rim scot, whoop whoop

Quote from loop610bob : Naturally unions. Let's ask San Bern what the problem is. So no. It's old fashioned fraud.

Yeah, because unions are never connected to fraud........

Quote from Deusxmachina : I was told illegal aliens are good for the economy.

I was told there was an Easter Bunny....

Course, I was three at the time.......

Quote from Elmer : Yeah, because unions are never connected to fraud.......

Yea and neither are contractors. But the truth is you have absolutely no insight into the problem. And neither does anyone else here.

But yea, unions bad 4eva.