Bankruptcy death watch

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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