Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
A major California resort town is threatening to enter bankruptcy due to salary and pension costs.
Desert Hot Springs, California, a city of 26,000 east of Los Angeles, could be the third major city to file for bankruptcy after San Bernardino and Stockton.
The city’s problems came to light last week when a new finance director discovered a $3 million shortfall in the city’s $13.5 million budget during a routine record check. The interim director of finance could not explain the reason for the shortfall but said it was likely due to higher than expected pension and salary costs.
If the city ends up filing, it will be the second time since 2001 that the city has filed for bankruptcy proection.
Amy Aguer, the city’s interim director of finance, said that 70 percent of the budget was consumed by police costs between salaries and pension payments.
