Recent developments in municipal finance, warning signs, and Chapter 9 as a last resort.
Major topics discussed includ but not limited to:
- Current California situation and implications of November 2012 elections
- Is Prop. 30 enough to offset California’s continuing revenue shortfall?
- Accelerating rate of California local public entities declaring a state of “fiscal emergency”
- Guidance for elected and appointed officials
- Constructive use of a “fiscal emergency”
- Using AB 506 as a means of solving fiscal crisis
- Maintaining flexibility and avoiding fiscal crisis
- Vehicle for suspending payment obligations and restructuring debt
- Issues recently and/or currently being
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litigated in Chapter 9 municipal debt adjustment cases