October 4, 2012
Updated Oct 4, 2012 at 7:43 AM PDT
The city of Atwater is in financial turmoil and moving towards taking drastic action to solve their deficit problems.
A special meeting was held Wednesday night where citizens voiced their concerns and the council voted to declare a common-law fiscal emergency.
The city is currently dealing with a more than $4 million deficit.
Earlier this week a major credit rating agency downgraded the city's rating, and the city issued pink slips to 14 employees.
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TXT 24
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