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SAN FRANCISCO — Los Angeles Mayor Antonio Villaraigosa has reached a tentative deal with a coalition of unions that could help curb the city’s ballooning pension and retiree health care benefit costs.
March 28 -
SAN FRANCISCO — Los Angeles Mayor Antonio Villaraigosa has reached a tentative deal with a coalition of unions that could help curb the city’s ballooning pension and retiree health care benefit costs.
March 28 -
VICTORVILLE, Calif. — Despite a tempest of bad news about its finances, Victorville city leaders say bondholders are safe.
March 25 - California
City leaders in Santa Clara will give $4 million of redevelopment funds to the San Francisco 49ers football team to get a head start on fixing up a new stadium site.
March 24 -
San Francisco voters will get another chance to weigh in on reforming the city’s pension and retiree medical benefit costs.
March 24 -
LOS ANGELES — California’s Sierra Kings Healthcare District is nearing a deal that could lead to its exit from Chapter 9 bankruptcy.
March 22 - California
LOS ANGELES — The Southern California city of Costa Mesa has sent pink slips to around half of its workers as it weighs outsourcing a range of services to corral spending.
March 21 - Oregon
SAN FRANCISCO — Oregon will march to market next week with its largest sale so far this year, a deal that is part of a broader buttoned-downed strategy.
March 17 -
The former city administrator of the scandalized city of Bell, Calif., has been ordered to stand trial on more than 50 felony charges.
March 17 -
San Francisco’s unfunded pension and retiree health care liabilities have ballooned to around $6 billion, according to a report by a Stanford academic and former California assemblyman.
March 17 -
SAN FRANCISCO — An independent auditor says Victorville is nearing insolvency.The California city’s auditor, Mayer Hoffman McCann PC, noted the shuffling of tens of millions of dollars of bond proceeds between different agencies without proper approval.
March 15 -
Voters in the beleaguered Southern California city of Bell tossed out their entire City Council during a recall election Tuesday.
March 10 -
Moody’s Investors Service has upgraded Sierra Kings Health Care District’s general obligation bonds to Baa3 from Ba2 after a federal judge ruled that GO debt service cannot be interrupted by the district’s Chapter 9 bankruptcy filing.
March 10 - Oregon
SAN FRANCISCO — Standard & Poor’s Wednesday said it raised Oregon’s general obligation bond rating to AA-plus from AA as a result of tighter budget controls.
March 9 -
SAN FRANCISCO — The city of Vallejo, Calif., must disclose more information about the role of its mayor and bankruptcy law firm in past bond deals due to accusations of conflicts of interest, a federal judge ruled Tuesday.
March 9 -
SACRAMENTO — A federal bankruptcy judge said he will set a date in June for the final showdown with creditors on Vallejo, Calif.’s plan to try and rid itself of debt.
March 8 -
SAN FRANCISCO — Vallejo retirees have fired another salvo in a battle for scarce funds in the California city’s proposed plan to exit bankruptcy, including conflict of interest accusations against the city’s mayor and law firm.
March 4 -
CaliforniaSAN FRANCISCO — Crushed during the recession, California’s real estate market so far has been spared from a tide of defaults on land-secured bonds — so far.
March 3 -
The University of Oregon is pushing ahead with legislation for a controversial plan to sell $800 million of bonds to help create an endowment twice that size.
March 3 -
OregonOregon's debt commission told the governor and lawmakers that they need to rein in general fund-backed bonding in the next two-year budget cycle.
February 25
