San Bernardino City Council Votes for Municipal Bankruptcy

The Los Angeles Times tweets: "San Bernardino council votes to file for bankruptcy."

And just now posted at the Times' website, "San Bernardino files for bankruptcy protection":

Facing a $45-million budget shortfall and the prospect of not being able to pay city workers, the San Bernardino City Council on Tuesday voted to file municipal bankruptcy, the third California city to do so in recent weeks.

The vote came shortly after the interim city manager recommended seeking bankruptcy protection, saying the city may not be able to make payroll over the next three months. "We have an immediate cash-flow issue," Andrea Miller told the mayor and seven-member City Council.

Here's the earlier report, "San Bernardino should file for bankruptcy, city manager says."

Two weeks ago it was Stockton: "City of Stockton Goes Bankrupt."