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California Hit Parade Rolls On: Atwater Scrambles to Avoid Bankruptcy

Mag14 Wrote: Sep 29, 2012 11:49 AM
"...who gave up 10 percent of pay last year through furloughs..." Wait. I realize that people who are furloughed aren't the ones who chose it but if you're told to come to work less often but paid the same hourly rate you are not in any way giving up money. The only way you would give up 10 percent is if you worked the same hours but got paid 10 percent less. This is not to say that they have no right to complain, but they should complain accurately.

The California hit parade keeps on rolling as yet Another California city scrambles to avoid bankruptcy.

Atwater, a city of roughly 28,000 in California's Central Valley, may declare a fiscal emergency as soon as next week, but it is trying to avoid becoming the fourth California city to file for municipal bankruptcy this year, its mayor said.

Under California law, a local government must either declare a "fiscal emergency" or go through a 60-to-90 day confidential...

Related Tags: Bankruptcy
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