San Bernardino Mayor Pat Morris ponders a question Wednesday, July 11, 2012, regarding the Tuesday city council vote authorizing a bankruptcy filing outside San Bernardino City Hall in San Bernardino, Calif. City officials have said San Bernardino “has an immediate cash flow issue” and may not be able to make payroll with a budget shortfall of more than $45 million in the next fiscal year. (AP Photo/The San Bernardino Sun, Rick Sforza) Photo: Rick Sforza, Associated Press / SF
Published 10:35 p.m., Saturday, July 14, 2012
Sacramento –San Bernardino’s stunning news last week that it was broke and needed to file for bankruptcy protection has some observers wondering who’s next.
San Bernardino is the third California city, after Stockton and Mammoth Lakes (Mono County), to declare bankruptcy within the past three weeks. And while Stockton’s June 28 filing wasn’t surprising – city officials had talked publicly about the problem for months – the moves by San Bernardino and Mammoth Lakes were.
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