Page 22 - Budget Gap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Claudia cowan live in san francisco with a look at that. >> reporter: jon, stockton led the way last month after officials could not reach a deal with the city's creditors, then the ski town of mammoth lakes came crashing down on the fourth of july after it failed to make good on a $43 million judgment. and last night at an emergency city council meeting, san bernardino became the latest to vote for bankruptcy protection. the southern california city of 200,000 faces a $46 million budget gap. it's already stopped paying some vendors and may not be able to make payroll through the summer. it wa...

Vote the way they did. the reorganization will probably help. they have no, they have no other avenue. >> i lived here all my life. and to see that, we've, we're down this road, it hurts. >> reporter: san bernardino needs to close a nearly $46 million budget gap. it is already stopped paying some vendors and may not be able to make payroll over the next three months, martha? martha: that is a tough situation but as that man says maybe the reorganization will start to help to weed things out. the main issue here the pension funding and employees costs? >> reporter: you know it is the same story...

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