City Bankruptcy Legislation Stalls in Sacramento

Wednesday, 08 Aug 2012 02:15 PM

By Alec Weisman

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
The California Senate tabled union-supported legislation that could have delayed city bankruptcies after vocal opposition from the mayors of the state’s 10 largest cities.
Democratic Senate President Pro Tem Darrell Steinberg announced Monday he was putting the bill on hold because he wanted to avoid “another debate on municipal bankruptcy,” according to the Los Angeles Times. He added the state legislature should be focused on pension reform instead.
The legislation was intended to help cities delay declaring bankruptcy after the state saw three municipal bankruptcies over the past six weeks.
However, the League of California Cities opposed the proposed legislation because of concerns the bill would make it tougher for municipalities to file for bankruptcy protection and delay the process indefinitely.
The California Labor Federation, California Professional Firefighters (CPF), California Nurses Association, and other public unions had appealed to State Assemblyman Bob Wiecowski, author of the bill, in response to the recent bankruptcy declarations.
A spokesman for the 30,000-member CPF said the legislation would have stopped cities from using: “Bankruptcy courts as a bailout for mismanagement or bad fiscal choices.”
Organized labor had managed to convince lawmakers in Sacramento to pass a new law last year that required California cities to engage in 60 days of mediation with city unions prior to declaring bankruptcy.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

US Officials '99% Certain' North Korea Behind Sony Cyberattack: Report

Wednesday, 17 Dec 2014 20:51 PM

U.S. officials have determined with "99 percent certainty" that the North Korean government is behind the cyberattack on . . .

AMC MoviePass: Subscription Service Lets Viewers See Daily Movies

Wednesday, 17 Dec 2014 20:29 PM

AMC Theaters has joined startup MoviePass on a pilot program that will offer a subscription service for in-theater movie . . .

Socialmatic Camera Prints Polaroids and Posts Them to Social Media

Wednesday, 17 Dec 2014 19:53 PM

Polaroid will soon offer the Socialmatic camera, which both prints photos and posts them to social media. . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved