Fact Based Decision

by Hal Mooz 11. July 2012 09:52

San Bernardino becomes 3rd Calif. city in 2 weeks to file for bankruptcy protection

San Bernardino became the third California city in less than two weeks to file municipal bankruptcy protection Tuesday night when the city council voted to make the move in the face of a $45-million budget shortfal.

Officials in Stockton said their June decision to seek federal bankruptcy protection was the "only choice" for the city that was unable to reach finance agreements with creditors to address a $26 million budget shortfall.









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About Hal Mooz

Engineer, Project Manager, Entrepreneur, Author, Trainer, Lecturer, Thought Leader, Consultant

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