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Already carrying a long-term debt of $108 million, holding its breath over whether a judge will sustain an arbitrator’s ruling of more than $10 million to the police and firefighters’ unions, and now facing a $5.5 million payout to American Water Services Inc., the city might have to ask the state or federal government to step in and save it, Leonard Kresefski said.
While downplaying bankruptcy as a possible option, the business administrator said taxpayers will likely be hit, and hit hard.
