Tag "Mammoth Lakes"

Back to homepage

Bankruptcy judge rejects CalPERS’ claim to protected status 21

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

Read More

More CA cities should declare bankruptcy 9

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

Read More

Municipal Bankruptcy Can Restore Financial Stability 9

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,

Read More

Little Hoover: More CA city bankruptcies loom 38

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

Read More

Public employee pensions: Some contracts are more sacred than others 32

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

Read More

First pensions, and now bankruptcy tsunami 69

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

Read More

San Berdoo declares bankruptcy 0

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

Read More

Bankruptcy bill stuck in Assembly 5

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 More