Bankruptcy death watch

By Michael Fitzgerald | Published: July 16, 2012 | 1 Comment

Eight California cities have officially notified the municipal bond market this year that they are facing significant financial hardship — a step Stockton took on its path to bankruptcy. Going a step further, Fairfield has declared a fiscal emergency.

The eight cities are: Fairfield, Arvin (Kern County), El Monte (Los Angeles County), Grover Beach (San Luis Obispo County), Lancaster (Los Angeles County), Monrovia (Los Angeles County), Riverbank (Stanislaus County) and Tehachapi (Kern County).

Death pool, anyone?

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    Michael Fitzgerald

    Mike Fitzgerald is The Record’s award-winning metro columnist. His column runs in the paper three times a week. Born in San Francisco, he was raised in Stockton. His column covers diverse beats including, sometimes, the offbeat. Read Full
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