IE Business Daily Business news for the Inland Empire.
One day after a U.S. bankruptcy judge said she would accept San Bernardino’s plan to end its bankruptcy proceedings, the city released a lengthy statement that spells out what it has done since it filed for bankruptcy more than four years ago.
In a five-page document posted Wednesday on the city’s website, San Bernardino officials claimed they have implemented about 70 percent of its original recovery plan, while cutting the number of full-time employees from approximately 1,140 to 600.
The statement, titled “Bankruptcy Update: The history and future of San Bernardino,” also noted that virtually no employees in fire or waste management lost their jobs in the wake of the August 2012 bankruptcy filing despite numerous “organizational changes,” and that the city in 2015 and 2016 reached agreements with its police and fire unions.
Those agreements alone saved San Bernardino more than $100 million, according to the statement.
