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Layoffs are likely in Compton as auditor questions city's solvency

May 26, 2011 2:20:23 AM- latimes.com
An independent auditor reports 'substantial doubt' about whether Compton can remain solvent. The council approves layoffs to combat budget deficit.

An independent auditing firm has concluded that Compton's budget crisis is so dire that it's an open question whether the city can remain solvent.

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