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Budget balances for states remain too low relative to annual expenditures, according to the National Governors Association and National Association of Budget Officers.
July 18 -
Compton, Calif. is facing serious cash flow problems that could force the city to declare bankruptcy, the city's elected treasurer said Tuesday.
July 18 - California
A new California law meant to "clean-up" problems from the shutdown of the state's redevelopment agencies may be making things worse for some local governments.
July 16
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A group of Senate Democrats is urging the U.S. Department of Justice and federal banking and securities regulators to investigate allegations that domestic and foreign banks manipulated the London Interbank Offered Rate, or Libor, which is used as a benchmark in municipal bond-related swaps and other financial products.
July 13 -
California should brace for more municipal bankruptcies as its local governments continue to strain under the weight of national and local economic policies, according to experts.
July 12 -
San Bernardino's City Manager said Thursday the city is still considering plans on whether to declare bankruptcy or to enter mediation with creditors.
July 12 - Washington
Fitch Ratings has downgraded $188 million of Tacoma, Wash. limited tax general obligation bonds to A from AA-minus.
July 12 - Washington
Seattle voters will decide in November whether to authorize $290 million of bonds to help rebuild part of the city's seawall and downtown piers.
July 12 - Oregon
The Portland, Ore. school board voted unanimously on Monday to prepare a $482 million bond measure for the November ballot.
July 12 - California
Fitch has downgraded the Baldwin Park Financing Authority, Calif.'s sales tax and tax allocation bonds to BB from BBB.
July 12
