San Bernardino becomes third Californian city to file for bankruptcy - Breaking News Allvoices

News Stories Related To: San Bernardino becomes third Californian city to file for bankruptcy

By arkar
San Bernardino : CA : USA | 2 years ago  
California may indeed be the ‘Sunshine State’ the economic recession seems to have hit the state a lot harder than others in the US as yet another Californian city is about...
    • Clear
    • Share:
    • Share
    • Clear
    • Clear
    • Clear
    • Clear
     
  • Read full report
   Reach     Credibility Credibility of 5
Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

Related news stories

  • How San Diego avoided bankruptcy

      San Diego Union-Tribune | 2 years ago
    Faces a $45 million budget deficit and annual deficits for the next five years. Workforce has been slashed by 20 percent over the past four years and unions have agreed to $10 million in annual concessions for past three years...Faces a $26 million...
  • Scranton, Pennsylvania: where even the mayor is on minimum wage

      The Guardian | 2 years ago
    The struggling city of Scranton, above, is expected to become the fourth US city to go bankrupt in recent weeks. Photograph: Vespasian / Alamy/Alamy Scranton is the setting for the hit American version of the sitcom The Office . Not many people in...
  • Dan Walters: California just as insolvent as bankrupt cities

      Sacramento Bee | 2 years ago
    With the exception of tiny Mammoth Lakes, which sought bankruptcy protection after losing a lawsuit, the conditions of California's financially distressed cities are remarkably similar. Elected leaders and appointed managers succumbed to hubris and...
  • Plenty of blame on long road to San Bernardino bankruptcy

      Los Angeles Times | 2 years ago
    Cash was so tight in San Bernardino that potholes went unfilled, burned-out streetlights were left untouched and ball fields languished unmowed. That was two years ago, when the City Council learned that San Bernardino's $22-million budget shortfall...
  • San Bernardino bankruptcy: Criminal probe underway

      Los Angeles Times | 2 years ago
    The San Bernardino County Sheriff's Department released a statement confirming the probe but released few other details. "Several months ago at the request of San Bernardino city officials, the San Bernardino County Sheriff's Department, along with...
  • Will cities fall into bankruptcy like dominoes?

      The Orange County Register | 2 years ago
    56 pm · So San Bernardino has joined Stockton and Mammoth Lakes in the ranks of the municipally disgraced ...We know how you feel but we didn't let a little $1.64 billion bankruptcy slow us down...Will more cities file for bankruptcy because they can'...
  • California bankruptcies are only the beginning

      CNN | 2 years ago
    San Bernardino became the third California city to file for bankruptcy in the past few weeks ... but it won't be the last. Many municipalities in the Golden State and around the nation are struggling to cover their costs as the economic malaise...
  • California city goes bust amid claim of false accounting

      The Economic Times | 2 years ago
    Officials in San Bernardino, California, scrambled on Wednesday to explain the city's surprise decision to seek bankruptcy protection, with the city attorney backing away from his suggestion that fraudulent accounting may have contributed to the city'...
  • More city bankruptcies on California horizon?

      MarketWatch | 2 years ago
    San Bernardino, roughly an hour east of downtown Los Angeles, follows Stockton from the state's agricultural center the largest municipal bankruptcy to date and the Sierra Nevada mountain community of Mammoth Lakes. While the Mammoth Lakes insolvency...
  • Rising costs push California cities to fiscal brink

      Los Angeles Times | 2 years ago
    Facing the same financial stressors that pushed San Bernardino toward bankruptcy, cities across California are slashing day-to-day services and taking other drastic actions to skirt a similar fiscal collapse...San Bernardino on Tuesday became the...
  • San Bernardino Council Votes to File Bankruptcy

      The New York Times | 2 years ago
    San Bernardino will become the third California city to file for bankruptcy this year, after officials conceded the city might not even be able to cover payroll through the summer. Faced with a budget shortfall of $45 million and city coffers that...
  • City of San Bernardino Files for Bankruptcy

      Laist | 2 years ago
    Last night, San Bernardino became the latest cash-strapped California city to declare bankruptcy. The Inland Empire city of over 200,000 joined Stockton and Mammoth Lakes in declaring Chapter 9 bankruptcy. The city faced major challenges -- a $46...
  • Market Extra: Municipal bonds discount 3rd California bankruptcy

      MarketWatch | 2 years ago
    Municipal bond investors on Wednesday shrugged off the move by San Bernardino, Calif., to file for bankruptcy as the broader market continues to perform relatively well, indicating investors understand these things will occasionally happen.
  • Third California City Seeks Bankruptcy Protection

      Asian Wall Street Journal | 2 years ago
    San Bernardino is expected to file for bankruptcy protection following a city council vote on Tuesday authorizing the move, a development that would make the Los Angeles-area community the third California municipality to seek protection from...
  • Another California city opts for bankruptcy -- San Bernardino

      Big News Network | 2 years ago
    As recently as last month, no city in California had opted for bankruptcy since 2008, and no U.S. city of more than 200,000 people had ever chosen bankruptcy. The past two weeks have changed all that, in a big way, as the fiscal struggles faced by so...
  • San Bernardino to file for bankruptcy

      Sacramento News | 2 years ago
    Wednesday 11th July, 2012 "Based on results, it's not working...Basically at this point, we are tired of being the grim reapers," said Maureen McCann, ... Wednesday 11th July, 2012 The city of San Bernardino, which is unable to make its Aug. 15...
  • San Bernardino becomes third California city seeking bankruptcy

      Reuters | 2 years ago
    Topics Houses under construction are seen in Fontana in San Bernardino County, California, in this February 5, 2009 file photograph. The city council of San Bernardino, California, voted on Tuesday to file for bankruptcy, marking the third time in...
  • Third Californian city goes broke

      BBC | 2 years ago
    San Bernardino is third California city to go broke San Bernardino has seen thousands of homes repossessed and massive unemployment A third Californian city in as many weeks has gone bust, a fresh indication of the financial fault lines left by the...
  • Why San Bernardino (and two other California cities) are going bankrupt

      The Christian Science Monitor | 2 years ago
    As recently as last month, no city in California had opted for bankruptcy since 2008, and no U.S. city of more than 200,000 people had ever chosen bankruptcy.
  • San Bernardino to file for bankruptcy

      USA Today | 2 years ago
    The city council, facing a $45 million deficit, authorized the city attorney to begin Chapter 9 bankruptcy proceedings immediately, the San Bernardino Sun reports. City Attorney James Penman says that for 13 of the last 16 years, the council had been...
  • City of San Bernardino votes to declare bankruptcy

      Fox | 2 years ago
    Calif.   The Southern California city of San Bernardino has voted to declare bankruptcy. The City Council in the city of 210,000 people decided to seek Chapter 9 protection Tuesday night, making it the third California city in less than two weeks to...
  • San Bernardino seeks bankruptcy protection

      Los Angeles Times | 2 years ago
    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...
  • Third Calif. city votes to declare bankruptcy

      AP Online | 2 years ago
    Calif. (AP) — The City Council in San Bernardino voted Tuesday night to seek Chapter 9 bankruptcy protection, making it the third California city in less than two weeks to make the rare move. The Southern California city of about 210,...
  • San Bernardino votes to declare bankruptcy

      KSBY | 2 years ago
    The Southern California city of San Bernardino has voted to declare bankruptcy. The City Council in the city of 210,000 people decided to seek Chapter 9 protection Tuesday night, making it the third California city in less than two weeks to make the...


Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.