Antonio Villaraigosa, Bankrupt City | featured news

Bill to delay cities' bankruptcies put on hold

Senate President Pro Tem Darrell Steinberg (D-Sacramento) says it's too early to make changes in a mediation process for municipalities seeking to file for protection. Legislation that could have delayed some municipal bankruptcies has been tabled after being opposed by the mayors of California's largest cities, including Los Angeles' Antonio Villaraigosa.

 

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