Thursday, May 26, 2011

Another Cal City goes into crisis


An independent auditing firm has concluded that Compton's budget crisis is so dire that it's an open question whether the city can remain solvent.

 The auditor's report was made public as the Compton City Council struggles to deal with a fiscal crisis, voting this week to lay off employees. Though city officials did not say how many layoffs would occur, union representatives said they had heard estimates of between 97 and 120. The city budgeted for 575 employees in the current year. LA Times

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