Tag "bankruptcy"
Back to homepageSan Berdoo declares bankruptcy
July 11, 2012 By John Seiler San Bernardino — San Berdoo to old-time Californios — just declared bankruptcy. The reason, reported the Sun: “In an earlier report to the council, [Acting City Manager] Travis-Miller said the city has faced declining
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Bankruptcy bill stuck in Assembly
May 30, 2012 By Katy Grimes Californians can heave a sigh of relief for the moment; the Assembly did not pass the latest bill preventing cities and municipalities from filing for bankruptcy. But don’t think that this bill is dead
Read MoreAB 1692 could halt city bankruptcies
April 26, 2012 By Katy Grimes SACRAMENTO — Bankruptcy still haunts California cities six months after Gov. Jerry Brown signed into law AB 506. Written by Assemblyman Bob Wieckowski, D-Fremont, the bill made it more difficult for municipalities to file
Read MoreSpecial Series: California counties are more at risk of going belly up
Editor’s Note: This is the fifth in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. April 11, 2012 By Wayne Lusvardi There are many California cities likely to be facing future stress to their operating fund budgets
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L.A. on a deathride to bankruptcy
April 9, 2012 By John Seiler City of Angels. City of Dreams. City with a “Holy wood.” City that’s Tinseltown. City driving off a bankruptcy cliff. Los Angeles and the state of California are racing in a Chicken Run like
Read MoreSpecial Series: Local Governments Face Bankruptcy Quandary
Editor’s Note: This is the third in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. MARCH 16, 2012 By JOHN SEILER Bankruptcy is the boogeyman haunting governments across America. It’s not a question of if more cities
Read MoreSpecial Series: Broke Municipalities Look to Bankruptcy Option
Editor’s Note: This is the second in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. MARCH 9, 2012 By STEVEN GREENHUT Economist Allan Meltzer once quipped that “Capitalism without failure is like religion without sin. It doesn’t
Read MoreWill Stockton Trigger Bankruptcy Run?
MARCH 2, 2012 By WAYNE LUSVARDI Stockton … Hercules … Lincoln … Milpitas. The list of cities has grown to four in the span of one week. These are all cities in California recently threatened with budgetary insolvency — where
Read MoreMunicipal Bankruptcy Stalks Stockton
FEB. 27, 2012 By WAYNE LUSVARDI Stockton, California’s 13th largest city, may be moving from “Fat City” to “Mudville.” Both were former historical names for Stockton. “BK” is shorthand for bankruptcy. On Feb. 23, Stockton City Manager Robert Deis asked
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