Article

2012-08-02 Economy

San Bernardino Files Emergency Bankruptcy Petition

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Posted by Fred 2012-08-02 10:44|| || Front Page|| [1 views ] Top

#1 ~~San Bernardino's bankruptcy filing won't affect essential service to the community,~~

Unsustainable spending will be, uh, sustained...

Posted by M. Murcek 2012-08-02 10:47|| 2012-08-02 10:47|| Front Page Top

#2 Their planned general expenditure budget for 2012-13, with the bankruptcy, is $166.2 million (per their website).

Their general expenditure budget for 2011-12 (also per their website) was $128.1 million.

So they are spending $38 million more in the year they're going bankrupt. I think I see the problem...

Posted by Steve White 2012-08-02 11:14|| 2012-08-02 11:14|| Front Page Top

#3 There is also the issue of several litigation cases filed against the police department.

Posted by Pappy 2012-08-02 15:23|| 2012-08-02 15:23|| Front Page Top

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