The Vallejo Fire Department celebrated the reopening of Station 25 in north Vallejo with an open house Monday morning.
An East Bay solar panel manufacturer that received a half-billion dollar loan from the federal government before filing for bankruptcy protection is asking for more time to file a reorganization plan.
Stockton has filed for Chapter 9 protection, making it the largest American city ever to declare bankruptcy.
When Stockton becomes the largest U.S. city ever to file for bankruptcy, it will strike a hard blow to residents, especially city employees and retirees whose health benefits and pensions helped drive the city toward insolvency.
Officials in Stockton said Tuesday that mediation with the city’s creditors has failed, meaning it is set to become the largest American city ever to declare bankruptcy.
The West Contra Costa Unified School District paid the state of California $47 million, $18 million of which was interest.
Four districts are facing major financial troubles, among the almost 200 listed in a new state report.
Three months after CBS 5 caught Solyndra tossing millions of dollars worth of brand new parts, the bankrupt solar firm may be trying to abandon toxic waste.
The City of Vallejo is no longer in bankruptcy, and now a sales tax increase which goes into affect April 1st is expected to generate millions more dollars.
Stockton leaders have approved a series of emergency fiscal steps they hope will allow the city to avoid bankruptcy.