12:10 • 11 months ago

It’s a trend: San Bernardino the third California city to seek bankruptcy

$46 million budget shortfall puts city in a tough spot source

» And they have company, too: San Bernardino, population 202,000, is not a small city. Nor is Stockton, population 291,000, which announced its intention to declare bankruptcy last month. Both fell on hard times after a boom-and-bust period. The much-smaller Mammoth Lakes also filed for bankruptcy protection recently, but unlike the recession-related reasons for the other two cities, their reason was lawsuit-related. (That city owes $43 million in a breach-of-contract lawsuit to a developer, which is far more than their yearly operating budget.) Anyone want to take bets on which California city falls prey to bankruptcy protection next, if any? (Edit: Spelling)

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Follow this.
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HA HA YOU FUCKERS ARE WELFARE CITIES.
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We’ve got some of the highest concentrations of unemployment, to boot, though that may be due to our dense population as...
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San bernardinos been headed downward for awhile I’m just surprised its taken this long
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I used to live there. Bought house in that county.
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Oh geez :(
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My state.
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