Chowchilla Faces Financial Crisis

California's cities have been hit hard in recent years. The housing bust, the economic downturn, and perennial state budget crises are just a few of the factors that have helped batter the balance sheets of municipalities up and down the Golden state. Valley cities are no exception, especially given the region’s perennially high levels of unemployment, even in so called "good" times. Many large cities, like Fresno have been forced to make drastic cuts to city services, and have been forced to lay off hundreds of employees. But what about the Valley's smaller cities, those in rural areas, that have less diversified economies, and already rely on doing more with less? FM89's Tracey Scharmann reports on how a financial crisis has rocked the small Madera county community of Chowchilla.