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City posts Grant Thornton report; council creates Chapman liaison committee to pursue recommendations
Summary
City staff posted the full Grant Thornton financial review and said they will meet with the firm; public speakers warned the city is 'on the path to bankruptcy' and the council unanimously formed a Chapman University liaison committee to pursue partnerships and implementation.
City staff told the City of Orange council on Aug. 26 that the full Grant Thornton study of city finances has been posted online and is under staff review. City Manager Jared Hildenbrand said he has scheduled a meeting with Grant Thornton next week to assess the report's completeness and accuracy.
Public commenters including Reggie Munikus warned that earlier finance briefings and the Grant Thornton findings indicate the city is "on the path to bankruptcy" unless revenue and burn-rate decisions are…
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