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Montebello may face insolvency if it doesn't close budget deficit

Apr 23, 2011 12:44:08 AM- latimes.com
City officials have consulted with bankruptcy attorneys to consider possible options, according to a memo by the departing city manager that was obtained by the Los Angeles Times.

Montebello faces possible insolvency in the coming months if it cannot close a gaping budget deficit and has consulted with bankruptcy attorneys to weigh available options, according to a memo obtained by The Times.

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