California

SAN FRANCISCO — Vallejo’s steep road out of bankruptcy has begun to level off, after one of its strongest opponents stopped fighting the California city’s plan to exit bankruptcy.

SAN FRANCISCO — The city of Montebello in Los Angeles County, with more than $100 million in debt, may go bankrupt if it is unable to get a bridge loan in the next six months, according to a city official.

The agency that runs the long-struggling San Joaquin Hills toll road in California is asking for a nod from bondholders to restructure its debt portfolio to stay afloat.

Moody's Investors Service downgraded $1.7 billion of San Jose Redevelopment Agency tax allocation bonds after falling property values cut into debt service coverage.

SAN FRANCISCO — Stone & Youngberg said it hired Doug Heske as managing director and branch manager of its San Francisco private-client group.

SAN FRANCISCO — California’s controller is pushing new legislation that would strengthen state oversight over local government finances and audits.

SAN FRANCISCO — A nonprofit mental-health service provider in Los Angeles County has gone belly-up, leaving a state-backed insurer on the hook for more than $5 million of bonds.

SACRAMENTO — Vallejo, Calif., is closing in on settlements with creditors that would smooth its escape from bankruptcy, according to its attorney.

SAN FRANCISCO — In this city known for its eccentricities, why should retiree benefit reform be any different?

SAN FRANCISCO — Hercules, Calif., is dealing with a fiscal and political mess that will require an effort worthy of its name to right its finances and pay debt service on $162 million of bonds.

SAN FRANCISCO — The California cities of Sacramento and Anaheim are in a tug-of-war over the fate of a National Basketball Association franchise, with bonds tied to each end.

ALAMEDA, Calif. — The collapse of California budget negotiations this week brings with it questions about the state’s ability to schedule its annual, multibillion-dollar note sale to fund its cash flow.

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.

VICTORVILLE, Calif. — Despite a tempest of bad news about its finances, Victorville city leaders say bondholders are safe.

ALAMEDA, Calif. — California’s seemingly intractable budget and cash-flow problems have hit school districts hard, forcing many to enter into increasingly complex arrangements to keep cash flowing, experts said.

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.

San Francisco voters will get another chance to weigh in on reforming the city’s pension and retiree medical benefit costs.

LOS ANGELES — California’s Sierra Kings Healthcare District is nearing a deal that could lead to its exit from Chapter 9 bankruptcy.

ALAMEDA, Calif. — Many California redevelopment agencies are facing major credit challenges that have nothing to do with the governor’s plan to eliminate them, Fitch Ratings said in a special report released Monday.

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.