California can meet muni bond repayments despite deficit, says state treasurer Lockyer

The state we’re in

bill-lockyer-california
Bill Lockyer, California state treasurer

Tackling gaping deficits has become a major focus for governments across the globe over the past year, prompting many to unleash severe austerity programmes to get spending under control. The state of California has had more practice than most in dealing with this issue, having racked up a deficit over the past few years that would make many governments wince.

The state faced a $24.3 billion budget gap in 2008 – a figure that swelled to $60 billion in 2009. On both occasions, disagreements over h

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: