Posts Tagged: bias

Opinion

Wanted: An early warning system for local governments

Pedestrians crossing Hollywood Boulevard in Los Angeles. (Photo: Sean Pavone, Shutterstock)

OPINION: Back in 2012, then Treasurer Bill Lockyer called for an early warning system that would give state officials time to proactively address local government fiscal emergencies before they wound up in bankruptcy court. We are now five years closer to the next recession and its attendant set of local government financial crises, but the state has made little progress toward implementing Lockyer’s proposed system.

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