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Controller Chiang pounds California municipalities 12

Aug. 29, 2012 By Chriss Street California State Controller John Chiang announced that the cities of Milpitas and Morgan Hill illegally tried to convert hundreds of millions of dollars of real estate, cash and investments that were required to be

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Four New California Cities Might Dissolve 16

Editor’s Note: Correction Below MARCH 13, 2012 By WAYNE LUSVARDI Newspapers across the United States have told of the financial plight of three cities in northern California facing possible bankruptcy: Stockton, Hercules and Lincoln. However, many may not be aware

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Will Stockton Trigger Bankruptcy Run? 88

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

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