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Broke California City Faces Fiscal Emergency—What Are Its Options?

Broke California City Faces Fiscal Emergency—What Are Its Options?
A Ferris wheel on the Santa Monica Pier in Santa Monica, Calif., on Aug. 5, 2023. Sophie Li/The Epoch Times
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Commentary
More and more California municipalities are creeping nearer to the fiscal cliff—the most recent casualty being the city of Santa Monica.
John Moorlach
John Moorlach
Author
John Moorlach is the director of the California Policy Center's Center for Public Accountability. He has served as a California State Senator and Orange County Supervisor and Treasurer-Tax Collector. In 1994, he predicted the County's bankruptcy and participated in restoring and reforming the sixth most populated county in the nation.