Aug. 20, 2012
Issue #89

Editor's Note

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Moody’s Report on California Cities' Fiscal Vulnerability Issued

Promises to Review and Report on All Rated Municipal Debt Issues in Next Six Weeks

Moody’s Investor Services issued a report on Aug. 17 entitled, “Why Some California Cities Are Choosing Bankruptcy,” that examines the growing fiscal pressure on California cities that have prompted four cities (out of 482) to seek Chapter 9 federal bankruptcy protection recently — three in the last few months.

Key words: Economic Development, Redevelopment


Bills in Committee and On the Floor: Aug. 20 – 24

With only 10 working days until the end of the session, many of the bills the League has been tracking in committees this year are on the Senate or Assembly floor awaiting action. The Senate convened at 12 p.m. today, while the Assembly will meet at 2:30 p.m.

Key words: Legislation, Hot Bills, Meetings and Events, Legislative Hearings


Cities Encouraged Review and Comment on HCD Draft Housing Element Guidance

Last week, the Department of Housing and Community Development (HCD) released its Draft Housing Element Update Guidance and is now soliciting public comment. The comment period will be open until Sept. 17.

Key words: Action Item, Housing






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