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L.A. budget gets good marks, but big obstacles ahead

A few years ago, the Los Angeles city government appeared to be hurtling toward the fiscal abyss because of heavy pension costs for police and firefighters and a sluggish local economy. But a pension reform measure and a relatively tough

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California tops ‘worst run cities’ list

Jan. 17, 2013 By Katy Grimes Surprise! Sacramento is on another list of ‘worst run cities’ in the nation. The website 247wallstreet.com ranked the best and worst run cities in the U.S. Ranked number 18, Sacramento is sandwiched between Reno and Chicago.

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CA Credit Rating Nothing to Celebrate

JAN. 17, 2012 They were slapping high fives in the offices of state Treasurer Bill Lockyer this week. Why the celebration?  Because California no longer has the nation’s worst credit rating, according to Moody’s Investors Service. “The reason we’ve improved

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