Pay cuts and other concessions by employees of Atwater, Calif., may help the city balance its budget and avoid bankruptcy, Atwater Mayor Joan Faul said on Friday, Reuters reported. Atwater, a city of about 28,000 residents in California's Central Valley, faces a budget gap of more than $3 million and is a candidate to become the fourth city in California this year to seek protection from creditors under chapter 9 after it declared a fiscal emergency this month. Atwater's staff will brief Faul and other city council members today on concessions agreed to by its work force.
