The question often arises about the length of Vallejo’s bankruptcy case. It comes out of a desire to speculate on how long Stockton will remain in bankruptcy. Here’s the caption for Vallejo’s court case: 08-26813 City of Vallejo, California Case type: bk Chapter: 9 Asset: Yes Vol: v Hon.: Michael S. McManus Date filed: 05/23/2008 [...]
The city and its creditors are jointly asking that some of the communications from AB506 pre-bankruptcy mediation to come into play during the current mediation process in bankruptcy. That is according to the most recently filed motion. Otherwise, there’s not much expected publicly from Stockton’s bankruptcy case until Jan. 8, when the parties will return [...]
This picture illustrates the problem city officials say doesn’t worry them much at the newly built $220M Delta Water Supply Project. That’s the left foot of Robert Granberg, project director for the city, resting on the cement, while he stands on the asphalt with his right foot. The cement slab is supported by 70-foot-long piles. [...]
A bond insurer, Syncora Guarantee, has filed a suit against California, trying to stop the state from abolishing its 400 redevelopment agencies, like Stockton’s, this Reuters’ story says. It feels like they’re a little late, given that the California Supreme Court already upheld challenges. But now California is on bankruptcy watch and Stockton and San [...]
The state’s Legislative Analyst’s Office has produced this Q&A primer on municipal bankruptcy, often highlighting Stockton. If you don’t like to read there’s a video of this guy reading it into a camera.
Join us at noon today on recordnet.com for an online chat about Stockton’s bankruptcy. We’ll take your comments and questions in this ongoing saga. The latest news in today’s paper is a change up in the SPOA’s leadership. Officer Steve Leonesio is out as president and Sgt. Kathryn Nance is in. What does this mean [...]
U.S. Bankruptcy Judge Christopher Klein issued his ruling on the Association of Retired Employees of the City of Stockton (ARECOS). Read it here on our Stockton bankruptcy page. It is the last document if you scroll down to the bottom.
In case you missed it, Bret Baier of Fox News yesterday afternoon presented this piece on Stockton. (Scroll down and click on the lower box for the video.)
Municipal Market Advisor’s analyst Matt Fabian in a report today sized up Stockton’s “ask,” which the city recently entered into evidence in support of its bankruptcy case. This behemoth document spelled out what Stockton sought in concessions in AB506 from its bond investors, current employees and retired city employees. Fabian summed it up thus, calling [...]
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The city posted on its Website information Q&A-style for the 1,100 retired employees from Stockton who will bear the brunt of bankruptcy, like, they’ll have to pay for their own health care.