Atwater’s City Council is set to vote Oct. 3 on a fiscal emergency declaration that would permit it to follow other California cities -- Stockton, San Bernardino and Mammoth Lakes -- into bankruptcy court. Across the state, the recession and the foreclosure crisis have depleted property-tax revenue at the same time municipalities are burdened with rising costs including pensions.
“We are in a tough spot,” Mayor Joan Faul, 71, said by telephone. “All I can say, sir, is keep us in your prayers. We will need it.”
Wednesday, September 26, 2012
California Mayor Asks for Prayers as Bankruptcy Looms
Looks like things are moving quickly for the city.