NORTH LAS VEGAS, Nev. -- The clock is ticking for North Las Vegas to get its financial affairs in order.
The city has faced a serious cash crisis for years and declared a financial state of emergency on two occasions. The city will be forced to settle with its police, fire and other unions for millions in back pay.
A financial doomsday is nothing new for the city. Mayor John Lee said years of money mismanagement are finally coming to a head.
"We are prepared to try and put this nightmare behind us," Lee said.
The latest financial emergency involves union contracts that leave the city on the hook for more than $20 million. That is in addition to an $18 million budget hole for next year.
The budget was the topic of a special city council meeting Tuesday night.