Archive for June 17th, 2016

The Sun: San Bernardino moves toward bankruptcy exit

San Bernardino Seal

San Bernardino is moving toward a confirmation hearing — the final stage in a bankruptcy that began in 2012 — in October after a somewhat bumpy hearing Thursday with the last creditor to object to the stage before that.

By Ryan Hagen, The Sun
Posted: 06/16/16 – 6:18 PM PDT |

RIVERSIDE >> San Bernardino is moving toward a confirmation hearing — the final stage in a bankruptcy that began in 2012 — in October after a somewhat bumpy hearing Thursday with the last creditor to object to the stage before that.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
June 16, 2016 – 3:51 PM

  • Budget total remained same, despite new spending
  • Shift to bonds for jails lubricated negotiations
  • Borrowing undercuts Brown’s stance on debt

The state budget that’s sitting on Gov. Jerry Brown’s desk – $122 billion in general fund spending – is almost exactly the dimensions of what he had proposed in January and revised slightly in May.

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