The Madeleine Brand Show for July 11, 2012

San Bernardino becomes the latest CA city to seek bankruptcy

Berdoo Bankrupt

Steven Cuevas / KPCC

San Bernardino city council caps a 3-hour budget hearing by grimly approving authorization for Chapter 9 bankruptcy protection.

Last night, the San Bernardino City Council voted to seek bankruptcy protection. City officials said without bankruptcy, San Bernardino — saddled with a budget deficit of at least $40 million — could miss next month's payroll, according to KPCC. Mayor Pat Morris and other officials blame the budget crisis on soaring salary and benefit obligations, plunging property tax returns and the loss of an estimated $30 million in state redevelopment funds.

Guest:

Steven Cuevas, KPCC Reporter.


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