The Alta Californian

Some updated links related to the possibilty of bankruptcy for the the State of California, and for some municipalities within the state:

Isleton Issues Bonds
Napa Valley Register
Sacramento Bee

Butte County
County versus State

I cannot find anything more recent on what has happened in Butte County (it’s been nine months), which must mean they ended up making the necessary spending cuts.

California Itself

No bankruptcy yet, but it seems like we are getting closer everyday.  My bet is on a federal bailout (or special Fed loan) or default on bond payments by the end of June (maybe July if we’re lucky.)

This is old news, but it shows how real the threat of municipal bankruptcy is, and how much is at stake for many people:

California Cities Face Bankruptcy Curbs