Agencies' Demise Shot Hole In Cities' Finances

SAN BERNARDINO – This old city at the foot of the mountains limped to its bicentennial two years ago, its finances in tatters from a housing bust that sapped tax revenue, and ballooning salaries and pension obligations. Renovating a theater was a San Bernardino redevelopment agency project. But agency revenue also paid key city salaries and $6 million had been shifted to prop up city operations.

Topics:  this   renovating   san bernardino   san bernardino   finances   city   agency   salaries   revenue   

 

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