A fiscal emergency has been declared in the small Central California city of Atwater, a move that could lead to the state’s fourth municipal bankruptcy this year.
The city of San Jose is getting closer to declaring a fiscal emergency due to rising pension costs. This has the city preparing to put a pension reform measure on next year’s ballot.
The protestors pitched their tents and sleeping bags on the ramp leading up to the City Hall rotunda and slept there, though one woman acknowledged she got just two hours of sleep, and ‘fessed up to being cold, too.
In approving the mayor’s budget plan, San Jose city officials have put off the possibility of declaring a fiscal emergency so that they can further work with unions on pension reform.
Union brass said they were simply trying to secure an opportunity to talk to city officials about pension negotiations before the City Council declared a fiscal emergency and adopted a pension reform ballot measure – something that could happen later in the month.
The legality of the city of San Jose’s pension reform plan is coming into question from several parties.
San Jose Mayor Chuck Reed has delayed a vote on his call for a fiscal emergency in the city.
The Richmond City Council declared a state of fiscal emergency Tuesday, and approved language for a half-cent sales tax measure to go before voters.
Caltrain is facing a $30 million deficit, which may force the agency to cut service nearly in half.