Uh-oh, more than one in five cities in California face bankruptcy

By Troy Senik on May 24, 2012 1:53 PM

At least three California cities — Stockton, Mammoth Lakes and Montebello — have declared that they are exploring the [bankruptcy] option. And at least 100 of the state’s 482 cities are on track to face a similar predicament by the end of the year, according to Barbara O’Connor, a professor at California State University at Sacramento.

More than one in five. No wonder the state’s unions are fighting for a bigger role in local bankruptcies. How that fight resolves will be crucial to the fiscal future of local government in the Golden State. Click here to read more