Rising Costs Could Push More Calif. Cities Underwater

Law360, San Diego (July 11, 2012, 12:00 AM EDT) -- The city council of San Bernardino, Calif.'s vote to seek Chapter 9 protection Tuesday, just weeks after Stockton filed for bankruptcy, signals that other cities in the state could follow suit unless they get their retiree medical costs under control and may raise new questions about what cities must do to show they're in a fiscal emergency.

In what could serve as a blueprint for other cities that find themselves in a fiscal emergency, San Bernardino's city council voted to authorize a municipal bankruptcy in the...
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