Inland Empire News
San Bernardino City Council passes short-term emergency fiscal plan
SAN BERNARDINO, Calif. (KABC) -- Faced with bankruptcy and pressure from creditors, San Bernardino city officials are trying to work out a fiscal emergency plan that makes sense. Right now, they want to get through the next few months before filing official bankruptcy.
San Bernardino needs to shore up its cash flow in order to keep city services going. The city's most pressing issue is how to address its $18 million negative cash balance in its general fund.
City leaders on Tuesday passed a fiscal emergency plan that will allow the city to meet its financial obligations through at least the end of September.
There will be no immediately cuts to employees, but some of the cost-cutting measures that officials discussed in the short-term include deferring the city's debt and leasing payments, maintaining its current vacancies within the city, and continuing employee salary concessions while also deferring an annually required contribution to a retiree health plan. This will also include a deferment of capital improvements for the city in the foreseeable future.
san bernardino county, budget, inland empire news, leticia juarez
- Stalking arrest in WeHo murder-for-hire case 49 min ago
- Jet aborts takeoff after gear failure in Pa. 45 min ago
- Missing plane sent satellite signals for hours 40 min ago
- 'Flasher' suspect sought for exposure in OC
- 3 dead in fiery crash in San Bernardino area
- LA inmate escapes hours after sentencing
- Big Bear Lake's pirate ship afloat again
- OC high-speed chase ends in police shooting
- SXSW continues in Austin after crash kills 2
- NYC explosion kills 8; rescuers resume search
- abcnews: Dog's healing effects on 2 wounded vets
- Bail refused for ex-NFL player Darren Sharper
- Amazon hikes Prime membership to $99 per year
- OTRC: Tina Fey talks 'Mean Girls' reunion rumors