Moraga declares fiscal emergency after rough winter storms

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Moraga has declared a fiscal emergency. Damage from last winter's storms has left the town strapped for cash, and on the brink of bankruptcy. (KGO-TV)

An affluent East Bay town is raising a red flag Monday night.

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Moraga has declared a fiscal emergency. Damage from last winter's storms has left the town strapped for cash, and on the brink of bankruptcy.

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