Dan Pellissier, president of the group California Pension Reform, contends L.A. may be just a few years away from becoming unable to repay its debts if costs aren’t kept down.
Hostess is betting on a sweet comeback for Twinkies when they return to shelves next month.
A group of community residents and business leaders in San Bernardino launched an effort Thursday to recall the city’s mayor and other top officials.
The aging founder of the Crystal Cathedral is in court seeking more than $5 million from the ministry he built from scratch in a dispute that has delayed millions in payments to creditors left short-handed when the church filed for bankruptcy two years ago.
The San Bernardino City Council is meeting with several city departments Tuesday to discuss cutting jobs and costs.
The bankrupt city of San Bernardino is considering a plan to reduce police and fire protection in order to cut $18 million from its budget.
San Bernardino city officials have voted to borrow from restricted funds to be able to continue paying the salaries of city employees as the bankrupt city continues its severe financial struggles.
San Bernardino officials say they’ve filed an emergency petition for Chapter 9 bankruptcy in response to the $45.8 million budget shortfall the city faces this year, making official a move the City Council approved last month.
The move would allow the city to ask voters to approve a proposed increase of up to a half-percent sales tax that could raise as much as $1.9 million.
The next California city to declare bankruptcy might be one of the state’s newest cities.
The city of San Bernardino has declared a fiscal emergency to avoid a lengthy mediation process and head straight to federal bankruptcy court.
The city of Compton is reportedly facing bankruptcy following an announcement at a City Council meeting Tuesday night.
Lawmakers in San Bernardino were expected to declare a fiscal emergency on Monday as the city inches closer toward bankruptcy.
Authorities in San Bernardino pledged on Thursday to continue providing emergency services to residents just days after the city declared bankruptcy.
The mayor of San Bernardino on Wednesday blamed the city’s bankruptcy filing on an economic “perfect storm” as officials warned of widespread budget cuts.