United Press International
Compton, Calif., a gritty city in Los Angeles County, has $5 million in impending bills and only $3 million in the treasury, officials said this week. The city has a $43 million deficit, created by using money from pension, water and sewer funds to...
Los Angeles Times
City officials announced that Compton could run out of money by summer's end, with $3 million in the bank and more than $5 million in bills due. A longer-term problem is a $43-million deficit that the city amassed after years of improperly using...