Tuesday, March 13, 2012

Fresno Mayor Talks Bankruptcy for City

Fresno Mayor Ashley Swearengin is not ruling out bankruptcy to solve the city's bleak financial crisis. The mayor says the city is on its way to a 66-million-dollar budget deficit by 2017 if it continues on its current path. She wants city employees to come back to the bargaining table in hopes of reducing medical benefit and retirement costs. Mayor Swearengin is expected to present the Fiscal Sustainability Policy to the City Council next Thursday.

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