Wednesday, July 18, 2012 – 10:00 a.m.
The final hours leading up to a bankruptcy vote by San Bernardino, California is suspenseful, sad and pathetic at the same time.
Wednesday night the seven member city council will consider the approval of a fiscal emergency declaration and the filing of a chapter 9 bankruptcy petition.
The latest developments are in the spirit of typical San Bernardino political ineptitude.
City Attorney James F. Penman, who made outlandish allegations of criminal fraud involving the city budget process and threw several former city managers under the bus, has all but vanished.
Councilman Chas Kelley has miraculously solved all the city’s financial woes in a Wednesday op-ed column published in The Sun newspaper.
Kelley’s ideas aren’t necessarily bad. He’s just too late.
The big question is where was Kelley, who is a veteran on the council, a year ago?
Sources say two of the four council members who voted for bankruptcy last week, Wendy McCammack and Robert Jenkins, may reverse their respective votes and oppose any fiscal emergency declaration and chapter 9 bankruptcy petition.
And yes, there’s all that finger pointing.
The city’s cash flow is tenuous at best and its credit has been cut-off.
The city council had better not make a bad situation worse and cause the residents even more embarrassment.
Time has ran out for immediate solutions leading to a delay.
San Bernardino’s financial collapse was along time in the making and now it’s here.
No more excuses.