SAN FRANCISCO – Vallejo, Calif., Friday filed for Chapter 9 bankruptcy protection, becoming the largest municipality to seek protection from creditors in more than a decade.

The San Francisco Bay Area city of 117,000 said it can no longer meet its financial obligations, particularly pay raises for public safety workers. It expects to exhaust its general fund by the end of the fiscal year on June 30 and post a $17 million deficit next year. The city is the largest municipality to seek protection from creditors since Orange County, Calif. in 1994.

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