Audit Finds Bell Faces 'Fiscal Crisis' After Corruption Scandal An audit reveals that the city of Bell is still reeling financially three years after it was discovered the working-class suburb's municipal leaders had looted millions of dollars from its treasury.
Lawmakers Ordered To Cut Budgets As 'Fiscal Cliff' Talks StallCalifornia lawmakers on both sides of the political aisle are drawing a line in the sand as negotiations to avoid a so-called "fiscal cliff" stall in Washington.
Duarte Nears Fiscal Emergency, But Downplays Bankruptcy FearsThe 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.
City Council To Declare Fiscal Emergency In San BernardinoLawmakers in San Bernardino were expected to declare a fiscal emergency on Monday as the city inches closer toward bankruptcy.
Report: LA City Deficit Soars To $87MCity Administrative Officer Miguel Santana warns that the fiscal health of Los Angeles may potentially worsen even more if a plan to privatize parking garages fails to pass.
California Budget Deficit Tops $25 BillionGovernor-elect Jerry Brown will face a mounting budget crisis when he is sworn into office in January, a gap that now tops one-fifth of the state's general fund.