Tuesday, June 19, 2012 – 04:00 p.m.
A city with no properly balanced budget in sight.
The city of San Bernardino has announced it will operate under continuing resolutions for the foreseeable future.
Because the municipality is essentially bankrupt.
Adopting a balanced budget under generally accepted accounting principles would reveal the city has an enormous deficit and is operating with a structural deficit that most likely cannot be repaired with a chapter 9 filing.
A move essential for the city to break existing wage and benefit agreements with labor unions.
Serious consideration will almost likely be given to the idea contracting law enforcement services with the sheriff’s department, in addition to converting the city-operated refuse division to a franchise.
Lastly, we will soon know just how much money the city improperly diverted from its now defunct redevelopment agency.
The big question is how long will Mayor Pat Morris keep everyone in the dark.