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North Las Vegas In Dire Financial Straits

The city of North Las Vegas is facing a budget deficit of more than $150 million over the next seven years. Last year, Fitch Ratings downgraded $440 million of the city's bonds to junk status. And Mayor John Lee has admitted that a state takeover could come later this year. So why is he still optimistic? And what can be done to prevent the state from taking over?

John Lee, mayor, North Las Vegas

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