SAN FRANCISCO — San Bernardino, Calif., officials have presented a budget plan to pay for city services during its Chapter 9 bankruptcy proceedings that appears to leave further debt service payments untouched.

The proposed plan, which was considered Tuesday during a special City Council meeting, is a strong contrast to Stockton’s approach to bankruptcy, which relies heavily on cutting bond payments.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.