Broke Cities - Examining Municipal Bankruptcy in California

March 13, 2013
Demise of Redevelopment Agencies May Help Cities in Distress
As part of the 2011 Budget Act, the California State Legislature approved the dissolution of the state’s 400 plus redevelopment agencies which were officially dissolved as of February 1, 2012. ..
January 18, 2013
Municipal Insolvency and Proposition 13
The seeds were planted for municipal insolvency with the passage of the People’s Initiative to Limit Property Taxation in 1978. The heart of this amendment to the California Constitution is..
January 7, 2013
Stockton Bankruptcy Focus: Pension Claims and Bond Holders
Peel away the layers of the Stockton Chapter 9 bankruptcy case and the thickest are the pension claimants and the bond holders. An epic battle has emerged and each side makes a compelling argument..
December 14, 2012
Right To Work Laws and Chapter 9
There is an emerging intersection between right to work laws and Chapter 9 municipal bankruptcy filings. If right to work, particularly at the public level is mandated, then the advantage held by..
November 26, 2012
Newly-Elected Stockton Mayor Takes Office Amid City’s Chapter 9 Woes
At a time when civilians are hurting, in part, because of Stockton’s record bankruptcy, the November 6, 2012 election of new representatives may have been more crucial than any prior election. ..
November 20, 2012
Chapter 9 Update: San Bernardino Undergoes Organizational Restructuring
Following the filing of its Chapter 9 petition just a few months ago, the City of San Bernardino is currently undergoing a major organizational restructuring of city operations. Motivation for..