Overview of California’s Fiscal Crisis: How Bad Is It? - Prospects for Deficit Reduction and Pension Reform in the Golden State

10/1/2012; 79 minutes

This panel examines California's fiscal crisis at the state and local levels. After providing an overview of the fiscal crisis confronting California, the panel focuses on a number of issues: Which cities in California are struggling the most and why? Are Vallejo, Stockton, and San Bernardino the edge of a tide of bankruptcies? How does California's financial condition compare to other states? How much of California's fiscal stress is caused by cyclical factors as compared to structural factors? (#24250)

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