Randall Jensen

SAN FRANCISCO —– The bankrupt city of Vallejo, Calif. has so far avoided inflicting severe damage to its bondholders, experts say.

VALLEJO, Calif. — Officials said Thursday that Vallejo is nearing a deal with its largest creditor and is looking at curbing employee benefits as it struggles to climb out of bankruptcy.

VALLEJO, Calif. — Officials here said Thursday the city is nearing a deal with its largest creditor and looking at curbing employee benefits as it struggles to climb out of bankruptcy.

SAN FRANCISCO — The city of Vallejo, Calif., filed a plan to exit bankruptcy that proposes to pay unsecured creditors 5 to 20 cents on the dollar.

SAN FRANCISCO — Unsecured creditors will receive 5 cents to 20 cents on the dollar for their claims under a reorganization plan Vallejo, Calif., filed Tuesday in federal court.

SAN FRANCISCO — Los Angeles is kicking around a plan to lease city-owned garages to a public-private partnership to raise cash that could help close a budget gap and defease outstanding bonds.

SAN FRANCISCO — California’s Sutter Health will sell $900 million of tax-exempt revenue bonds this month in the health care provider’s first trip to market in two years.

Oregon Gov. John Kitzhaber stressed the dire financial condition of the state government during his swearing-in ceremony Monday.

San Francisco city administrator Edwin Lee was appointed mayor Tuesday, replacing Gavin Newsom, who was sworn in as California’s lieutenant governor on the same day.

SAN FRANCISCO — Oakland’s city attorney has taken a public stand against a plan by the city to sell bonds so it can continue to skip making payments toward growing public-safety pension liabilities.

SAN FRANCISCO — Vallejo, Calif., is on track to submit a plan to a federal judge next week to exit the largest municipal bankruptcy in more than a decade.

SAN FRANCISCO — The Asian Art Museum Foundation and San Francisco city officials said they reached a deal Wednesday with JPMorgan Chase & Co. and insurer MBIA to restructure $120 million of variable-rate bonds, securing the financial stability of the largest collection of Asian art in the Western world.

SAN FRANCISCO — Having already experienced a public employee pension-funding crisis, San Diego may emerge ahead of the reform curve as it works to clean up its financial house.

Treasurer Ted Wheeler took the oath of office Monday, pledging to protect Oregon’s long-term health.

SAN FRANCISCO — A Superior Court judge has lifted a temporary restraining order that blocked a public-private partnership set to rebuild the southern link to the Golden Gate Bridge.

The California State Controller's Office has filed a motion in the Vallejo, Calif., bankruptcy case, saying state intercept funds should be used to protect debt owners.

The National Federation of Municipal Analysts has filed another brief in the Vallejo, Calif., bankruptcy case in support of bond insurer National Public Finance Guarantee.

SAN FRANCISCO — A Superior Court judge has granted a restraining order temporarily blocking city and state transportation officials from inking the Presidio Parkway Project deal to upgrade the main roads linking the Golden Gate Bridge with San Francisco.

SAN FRANCISCO — The Asian Art Museum Foundation won 30 days of breathing room Tuesday to negotiate accelerated payments after the expiration of a letter of credit from JPMorgan Chase & Co. that the San Francisco institution had used to back $120 million of bonds.

SAN FRANCISCO — The Asian Art Museum’s foundation in San Francisco said it has received a 30-day extension on some obligations related to the expiration of a letter of credit from JPMorgan Chase & Co. Tuesday backing $120 million in bonds.