Tag "Mammoth Lakes"

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Bankruptcy judge rejects CalPERS’ claim to protected status

April 3, 2013 By Chris Reed As John Seiler pointed out here Tuesday, Monday’s court ruling by U.S. Bankruptcy Judge Christopher Klein isn’t seen as definitive. Yes, the city of Stockton can proceed with its bankruptcy filing. No, Klein doesn’t yet

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More CA cities should declare bankruptcy

March 8, 2013 By John Seiler Last year, three California cities declared bankruptcy: Stockton, San Bernardino and Mammoth Lakes. Atwater nearly did. Mammoth Lakes lost a lawsuit. But for the other cities — as well as for the Vallejo bankruptcy

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Municipal Bankruptcy Can Restore Financial Stability

Jan. 17, 2013 By Todd C. Ringstad The threat of bankruptcy still haunts California. State and municipal finances have been improving, yet last year three cities filed for Chapter 9 bankruptcy: Stockton, San Bernardino and Mammoth Lakes. Around the country,

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Little Hoover: More CA city bankruptcies loom

Nov. 14, 2012 By Dave Roberts “Are your cities going to make it for five years?” asked Little Hoover Commission Chairman Daniel Hancock at the recent commission hearing on pension and infrastructure financing. “That’s a good question,” responded Dwight Stenbakken, deputy

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Public employee pensions: Some contracts are more sacred than others

Third in a series on public pensions. The first is here and the second here. Oct. 5, 2012 By Mark Cabaniss On Wednesday, the city of Atwater declared a fiscal emergency, putting it on the path to become the fourth California city

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First pensions, and now bankruptcy tsunami

July 12, 2012 By Steven Greenhut First Vallejo, then Stockton, then Mammoth Lakes and now San Bernardino. As Orange County Supervisor John Moorlach told Bloomberg News, the bankruptcy dominoes are starting to fall. One California city after another — following

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San 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

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