CITY OF DESERT HOT SPRINGS FACING BANKRUPTCY

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The Desert Hot Springs City Council may soon be taking the first steps towards declaring bankruptcy. City officials say the staff will recommend city leaders approve a fiscal emergency, a legal maneuver that gives the city greater flexibility to negotiate its debts and work with employee unions. Under new revenue projections, Desert Hot Springs is on track to spend about $6.9 million more than it has in revenues for the current fiscal year. That figure does not factor in city debts, including $6.7 million in unfunded pensions. City staff warned that Desert Hot Springs could run out of cash by the end of March.

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