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At the annual State of the City address on Tuesday October 8, 2013, Mayor Pat Morris presented a ten-year plan for the City of San Bernardino's financial recovery from bankruptcy. Today, Mayor Morris released the full-version of his ten-year financial recovery plan for San Bernardino and the text from his State of the City address.
Mayor Morris' 10-Year Financial Recovery Plan
Mayor Morris' 2013 State of the City Address
"With San Bernardino's formal admission into bankruptcy, it is imperative the City move swiftly and aggressively to develop a ten-year plan for financial recovery," said Mayor Pat Morris. "While the bankruptcy judge has instructed the City to begin mediation with our creditors, this action is just one-step towards putting San Bernardino on the path to solvency. As revealed in my financial recovery plan, resolving our issues with city creditors represents only a fraction of the huge amount of work and changes required to return San Bernardino to fiscal health. My financial recovery plan, details ten specific action steps, with estimates for savings and revenues, to erase the City's $360 million deficit over the next ten years."
"This ten-year recovery plan is not intended as a 'final solution' to the city's financial challenges," said Mayor Morris. "I expect the ideas, actions, and numbers in the plan to receive plenty of scrutiny, analysis, and criticism. The purpose of presenting a detailed recovery plan is to plant the flag, and create a starting point for a very serious discussion, during a very time-compressed window, when city officials, civic and business leaders, and residents must come together to adopt a financial plan to save San Bernardino."