Chapter 9 Bankruptcy
A vote was expected to determine if a financially troubled California city will declare a fiscal emergency to avert a second federal bankruptcy filing.
San Bernardino officials say they’ve filed an emergency petition for Chapter 9 bankruptcy in response to the $45.8 million budget shortfall the city faces this year, making official a move the City Council approved last month.
The City Council voted to delay voting on mediation and federal bankruptcy options, but its cash and credit woes may hit public services very soon.
The San Bernardino City Council voted Tuesday night to file for Chapter 9 bankruptcy.