San Bernardino is scheduled to focus on declaring a fiscal emergency . Both towns were hit particularly hard by the foreclosure crisis , which left numerous abandoned homes and reduced property values in its wake . The city faces a $ 45 million deficit as millions in revenues have evaporated . San Bernardino would be the third California city to go bankrupt in recent weeks .
San Bernardino is scheduled to focus on declaring a fiscal emergency . The city faces a $ 45 million deficit as millions in revenues have evaporated . San Bernardino would be the third California city to go bankrupt in recent weeks .