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Mammoth Lakes News

City bankruptcy new trend in California

San Bernardino - California’s estimated budget deficit may increase another $1 billion to $17 billion this year, an accounting nightmare that is mirrored by many of the state’s cities and local governments.

California city, known for Olympic training, faces bankruptcy

Crippled by a staggering legal judgment, a California town and resort area, a popular training destination for Olympic athletes, faces bankruptcy throwing the town's future into question.

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