Is filing for bankruptcy in the future for Fresno?

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Updated: 6/27/2012 6:20 pm

After hours of meeting behind closed doors, City Council finally announced Mayor Swearengin's proposed budget revision, and some unions aren't exactly pleased.

" Doesn't look that much different then previous budget, they're still relying on the concession of employees," said William Trollinger of Fresno Police Offcers Association.  

The Mayor's proposed budget depends on nearly $5 million in concessions by the Fresno Police Officers Association.

Another sticking point is the extension of an existing 3 year contract with the police union.

"We've told all our other groups that we're not doing extensions and it's pretty difficult to say we'll make exception to this one group and no to everyone else," said Mayor Swearengin.

The city of Stockton just announced that filing for bankruptcy is their only option.

Stockton has been struggling with an anticpated $26 milliion dollar budget deficit.

Even though Fresno is awash in red ink, Mayor Swearengin says there aren't a lot of parallels between the two cities.

" As our contracts come up for negotiations we can achieve the savings so we do have a forward path that doesn't look anything like Stockton," said Swearengin. 

She remains confident and says she'll do everything she can to keep bankruptcy as the last resort.

" If there is any other way to get through this without declaring a fiscal emergency, we will," said Swearengin.

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