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Calif. ski town votes to file for bankruptcy

By Washington Examiner
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LOS ANGELES (AP) — Councilmembers in a small ski town high in California’s Sierra Nevada voted unanimously Monday to file for bankruptcy, the second local government in the state to recently make that decision.

Mammoth Lakes is facing a $43 million judgment that’s more than twice the town’s budget. Papers seeking Chapter 9 bankruptcy protection could be filed in court as soon as Tuesday, according to Marianna Marysheva-Martinez, the assistant town manager.

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