The San Diego mayor’s office has an emphatic response to a recent report advising the city to explore the bankruptcy process as an avenue to reduce its pension and employee retirement liabilities.

“This is a question that’s been asked and answered 100 times; the city of San Diego is absolutely and without equivocation not going to pursue Chapter 9 bankruptcy,” Rachel Laing, spokesman for Mayor Jerry Sanders, told The Bond Buyer Wednesday. “There is zero chance.”

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