SAN BERNARDINO, Calif. (AP) — San Bernardino officials have filed an emergency petition for Chapter 9 bankruptcy in response to the $45.8 million budget deficit the city faces this year, making official a move the City Council approved last month.
"There will be no immediate service reductions or changes in service to the community as a result of the filing," Interim City Manager Andrea Travis-Miller said Wednesday in a written statement.
City officials are working on a plan for the city's operational budget during bankruptcy, and once the plan is complete, reductions may occur, Travis-Miller said.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
