Moody’s Investors Service says even in agricultural counties the financial impact is limited so far.
It’s all about public funding in San Mateo County. Residents will decide whether to reopen schools, pass a parcel tax and expand a utility bill.
SACRAMENTO, Calif. (AP) — A judge accepted Stockton’s bankruptcy application on Monday, making it the most populous city in the nation to enter bankruptcy. U.S. Bankruptcy Judge Christopher Klein said the bankruptcy declaration was needed to allow the city to continue to provide basic services. “It’s apparent to me the city would not be able […]
by Jennifer Gollan, The Bay Citizen Some California agencies and departments have been slow to distribute proceeds from bond sales for local projects, costing the state at least $49 million in interest each year even as it has struggled to address chronic budget shortfalls. As of June, according to the most recent figures available, the […]
From California Watch Leading financial firms over the past five years donated $1.8 million to successful school bond measures in California, and in almost every instance, school district officials hired those same underwriters to sell the bonds for a profit, a California Watch review has found. The practice is especially pronounced in California, where underwriters […]