Franklin Templeton Investments Opposed To Stockton's Bankruptcy Plan
An attorney for the largest city in California to seek bankruptcy protection told a judge it has tried to reach a deal with its last major creditor, but the company is not budging.
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An attorney for the largest city in California to seek bankruptcy protection told a judge it has tried to reach a deal with its last major creditor, but the company is not budging.
The owner of Hot Dog on a Stick has filed for bankruptcy protection. HDOS Enterprises says its total debt ranges from $1 million to $10 million and it estimates assets between $10 million and $50 million.
Stockton City Councilwoman Kathy Miller says the city never tried cutting its police, fire and other public employee pensions, because the legal fight would be too risky.
Stockton's pay is comparable, with the average salary more than some neighboring cities, but less than the California Highway Patrol.
Measure A would increase Stockton's sales tax to 9 percent. Measure B would tell city leaders to spend 65 percent of that new revenue on law enforcement, and 35 percent on getting out of bankruptcy.
A new iPhone app is currently being beta tested that would allow people to report pictures of graffiti, broken glass, or litter around town.
The Stockton City Council is outlining its plan for the city to emerge from Chapter 9 bankruptcy, while it wonders why it's not getting the same assistance from the federal government as Detroit.
According to Experian, Sacramento's business bankruptcy rate is the highest in the nation as 2.41 percent of all entrepreneurs go belly up. That's a figure you'd expect during the 2008 recession, but why are there so many five years later?
Stockton's financial problems are no secret, and now the state controller has released a report detailing what went wrong and why.
The largest city in the nation to file for Chapter 9 protection is making some notable changes to clean up its financial mess. Most agree more must be done to make sure the city doesn't make the same money-management mistakes.
Money troubles have the Diocese of Stockton considering filing for bankruptcy in the wake of child sex-abuse lawsuit settlments
The Christian Brothers have agreed to pay more than $16 million to people who were molested as children by members of the U.S. religious order.
For the people of Stockton, a federal judge's anticipated decision Monday on the city's bankruptcy petition will affect their day-to-day lives for decades to come.
A civil trial is under way to determine whether the California city of Stockton becomes the nation's most populous to enter bankruptcy.
The troubled city of Stockton is bankrupt and now has its third chief financial officer in just a year. The woman brought in to clean up the city's mess talked with CBS13's Laura Cole on Monday.
One of the nation's top credit rating agencies said Friday it will begin a wide-ranging review of municipal finances in California because of what it sees is a growing threat of increased city bankruptcies and bond defaults.
Officials in San Bernardino, which is facing an expected $46.8 million budget deficit this year, have formally filed for Chapter 9 bankruptcy protection, a move that city leaders approved last month.
While San Bernadino is the fourth California city filing for bankruptcy, West Sacramento and Rancho Cordova are thriving.
Officials in the town of Mammoth Lakes say they've voted unanimously to file for bankruptcy, in the face of a $43 million judgment that's more than twice the town's budget.
The City Council's vote late Tuesday night to move forward with Chapter 9 bankruptcy protection left some Stockton residents stunned on Wednesday.
A source confirmed with CBS13 on Tuesday prior to the City Council meeting that Stockton will indeed file for Chapter 9 bankruptcy protection, becoming the largest U.S. city to do so.
Stockton could become the largest U.S. city to declare bankruptcy after a deadline to make a deal with its creditors passed and the city's mayor said Tuesday she did not believe a settlement had been reached.
Stockton city officials were expected to meet with their creditors well into the night Monday in an effort to avoid bankruptcy as their window for mediation expires at midnight.
The deadline is looming for Stockton. In a matter of days, it could become the biggest American city to file for bankruptcy.
Money troubles for the city of stockton are now so bad, city officials may be forced to file for bankruptcy.
A Rancho Cordova property manager shot and killed a burglar who broke into his shop in the middle of the night.
Cam Thomas scored 34 points and the Brooklyn Nets beat the Kings 108-103 in Nets coach Jordi Fernandez's return to Sacramento.
Health officials in California are alerting consumers of a voluntary recall of a batch of cream top, whole milk that was produced by Raw Farms, LLC, in Fresno County after bird flu was detected in a sample.
Josh Jacobs rushed for 106 yards and matched a career high with three touchdowns and the Green Bay Packers trounced the short-handed San Francisco 49ers 38-10.
Chipmaker Intel Corp. announced plans to sell and lease back its Folsom site nearly a month after the technology giant said it would be laying off nearly 300 employees at the site in November.
A Rancho Cordova property manager shot and killed a burglar who broke into his shop in the middle of the night.
A search for two men is underway in Placer County after they were swept away by the American River on Saturday.
Cam Thomas scored 34 points and the Brooklyn Nets beat the Kings 108-103 in Nets coach Jordi Fernandez's return to Sacramento.
Health officials in California are alerting consumers of a voluntary recall of a batch of cream top, whole milk that was produced by Raw Farms, LLC, in Fresno County after bird flu was detected in a sample.
Josh Jacobs rushed for 106 yards and matched a career high with three touchdowns and the Green Bay Packers trounced the short-handed San Francisco 49ers 38-10.
The Sacramento Police Department is trying out a new air asset that's designed to improve response times.
Last year, Sacramento had 55 traffic fatalities, which was an all-time high for the city. Now, the city is launching new traffic safety efforts to try and get that number down to zero.
Two people were shot and killed in the Northgate area of Sacramento, police said Tuesday.
The Sacramento City Council has given the green light for a cannabis lounge pilot program.
Sacramento city leaders on Tuesday will consider passing new rules cracking down on sideshows. It comes as the number of street takeovers continues to grow.
Health officials in California are alerting consumers of a voluntary recall of a batch of cream top, whole milk that was produced by Raw Farms, LLC, in Fresno County after bird flu was detected in a sample.
Thousands of University of California health and service workers have hit the picket line as of Wednesday morning.
Expect rounds of heavy rain and Sierra snow, flooding concerns and travel impacts through the weekend before Thanksgiving as atmospheric river moves through Northern California
The first case in the U.S. of a more severe strain of mpox was reported in San Mateo County, the California Department of Public Health said.
Elon Musk's social media platform X is suing California over a new state law targeting deceptive, AI-generated election content, claiming that it violates First Amendment free speech protections.
Cam Thomas scored 34 points and the Brooklyn Nets beat the Kings 108-103 in Nets coach Jordi Fernandez's return to Sacramento.
Josh Jacobs rushed for 106 yards and matched a career high with three touchdowns and the Green Bay Packers trounced the short-handed San Francisco 49ers 38-10.
Miles Hastings threw three touchdown passes for UC Davis, but it was Lan Larinson's 59-yard touchdown run late in the fourth quarter that helped the Aggies hold off Sacramento State 42-39 in the 70th Causeway Classic on Saturday.
The 70th annual Causeway Classic, a football tradition between UC Davis and Sacramento State, introduced some new action this year to their long-standing rivalry.
Sacramento State will host UC Davis for the 70th Causeway Classic on Saturday. You can watch the game on KMAX31.
Scott Bessent, the founder of the Connecticut-based hedge fund Key Square Group, had been making a full-court press for the post.
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
The Supreme Court issued its first opinion of the term, a one-line decision dismissing Facebook's appeal.
California Gov. Gavin Newsom traveled into a part of the state that supports President-elect Donald Trump Thursday, speaking about jobs in a county that flipped from Democrat to Republican support this election cycle.
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
A California child was confirmed to be the first U.S. child to become infected with bird flu, the U.S. Centers for Disease Control and Prevention announced Friday.
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
Cold temperatures mean more people indoors, and more people indoors means more of a chance of spreading sickness.
The FDA sent a warning letter flagging "significant violations" of manufacturing regulations for Tom's of Maine toothpaste.
Officials with the California Department of Public Health (CDPH) said they have identified a possible bird flu case in a child in Alameda County.
A Fairfield couple had their home insurance policy canceled because of a photo taken from high above their residence. They called Kurtis when they thought the insurance carrier got it wrong.
Inflation and California's higher wages are driving up the cost of dining out, but the Call Kurtis team has found some relief for your wallet in the form of discount gift cards for restaurants.
A Sacramento mother is seeking answers—and justice—after discovering that her daughter's grave was moved without her knowledge.
A Lodi animal rescue and adoption agency said someone hijacked their Facebook page and is using it to rip people off. They reached out to the Call Kurtis team to look into it.
A Folsom viewer said a credit reporting agency is refusing to remove a debt that isn't hers. She reached out to the Call Kurtis team for help.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
No one — not the Governor's Office, the CHP task force, nor the attorney general — can tell us how many of the people arrested by California's Organized Retail Crime Task Force were sentenced, let alone how many went to jail, received treatment, or re-offended.
CBS News California examined retail theft rates in California and whether the high-profile Proposition 36 would help combat those crimes.
The CHP captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout confirmed.
CBS News California takes a closer look at the drug component of the high-profile Proposition 36 to fact-check claims about the ballot measure from supporters and opponents.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The family contacted CBS13 and the Call Kurtis consumer investigative team to look into the matter.
The Call Kurtis team has found that some companies you may already be doing business with may offer streaming for free, or at deeply discounted rates.
The fire prompted a massive response from crews across the state, including five strike teams out of Auburn in Placer County.
The goal is to attract more women to the profession.
A new wildfire burning near the Nevada and Placer county line has forced officials to issue mandatory evacuations in both counties on Saturday.
As wildfires rage across California, new research reveals an alarming impact on one of the region's most vital industries: agriculture.
California voters will be asked to authorize the state to borrow $10 billion to pay for climate and environmental projects, including wildfire prevention.
It was a day of conquering fears and overcoming odds at the Sacramento Deep Water Channel this weekend. People living with physical disabilities got an opportunity to feel the exhilaration of setting sail.
A nutrition program to get kids excited about healthy eating in Yuba City is seeing success and now the farm-to-school program will be growing not just food but in size and opportunity.
Kids and teens in Stockton are flocking to a program that's offering them the opportunity of a lifetime.
More than one hundred customers came out to celebrate the grand reopening of a restaurant that's been around for seven decades.
Pursuing higher education can be challenging for any college-bound student and for former foster youth, doing it alone can seem impossible.
Despite Sunday's effort, the victims were not found and the search will resume on Monday.
A Rancho Cordova property manager shot and killed a burglar who broke into his shop in the middle of the night.
Here's a look at the weather forecast Sunday evening.
Chipmaker Intel Corp. announced plans to sell and lease back its Folsom site nearly a month after the technology giant said it would be laying off nearly 300 employees at the site in November.
A Rio Vista teacher and baseball coach has been arrested on charges of possessing child pornography, police said.