© 2024 Blaze Media LLC. All rights reserved.
This time, in San Bernadino, Calif.:
A year of limbo ended Wednesday when San Bernardino was granted bankruptcy protection, moving the city into the next stage of its attempt to reorganize and regain solvency.The California Public Employees’ Retirement System had objected that the city didn’t qualify, charging among other things that the city was “languishing” in bankruptcy without meeting the Chapter 9 prerequisite of wanting to form a plan to balance its budget longterm.
But bankruptcy Judge Meredith Jury took a dim view of that, saying there was no evidence the city didn’t intend to move forward — and that she didn’t see any alternatives for the city except bankruptcy and dissolving.
“If they (CalPERS) got all the money that they want under what they say is their contract and statutory right, who isn’t going to get paid?” Jury asked, rhetorically. “All the employees. I don’t know. How does that help CalPERS, if the employees don’t get paid?
“The citizens of this city deserve a chance.”
Want to leave a tip?
We answer to you. Help keep our content free of advertisers and big tech censorship by leaving a tip today.
Want to join the conversation?
Already a subscriber?
more stories
Sign up for the Blaze newsletter
By signing up, you agree to our Privacy Policy and Terms of Use, and agree to receive content that may sometimes include advertisements. You may opt out at any time.
© 2024 Blaze Media LLC. All rights reserved.
Get the stories that matter most delivered directly to your inbox.
By signing up, you agree to our Privacy Policy and Terms of Use, and agree to receive content that may sometimes include advertisements. You may opt out at any time.