City employees in Compton face layoffs

axelayoffs

An independent auditing firm has concluded that Compton’s budget crisis is so dire that it’s an open question whether the city can remain solvent. In a strongly worded report accompanying the city’s newly released financial statements from last year, the auditing firm said there was “substantial doubt about the city’s ability to continue as a going concern” because of the swelling deficit.

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Layoffs are likely in Compton as auditor questions city’s solvency