Stockton Bankruptcy Reality and UTLA Confidence Vote
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Stockton may be showing other cities how to battle their way through bankruptcy. San Bernardino, Compton, San Jose and Watsonville are among those watching closely as Stockton residents cope with massive cuts in police and fire services with crime on the rise and resources on the decline. Will CalPERS, the state pension system, have to wait in line with other creditors? Also, the Los Angeles teachers union is staging a vote of confidence in Superintendent John Deasy. They're also voting on whether to be more aggressive with the elected school board.
On our rebroadcast of today's To the Point, ADHD and America's drug culture.
Banner image: A local newspaper headline announces bankruptcy in Stockton, California June 27, 2012. Photo by Kevin Bartram/Reuters
As Reality of Bankruptcy Hits, Stockton Grapples with Hard Decisions ()
The San Joaquin Valley City of Stockton got the very worst of the foreclosure crisis. Ten percent of Stockton's families lost their homes, business declined and tax revenues dried up. Monday, a federal judge ruled that Stockton was eligible for bankruptcy protection, and last night's city council meeting wasn't over until 2 o'clock this morning. San Bernardino, Compton, San Jose and Watsonville are all watching closely to see what happens to Stockton's pension obligations.
- Scott Smith: Stockton Record, @smithatrecord
- Jeffrey Michael: University of the Pacific
- Michael Sweet: Fox Rothschild
Will LAUSD Teachers Give the Superintendent a Passing Grade? ()
Unionized teachers in LA Unified are voting on whether they have confidence in reform-minded Superintendent John Deasy. The question's been added to a referendum on more aggressive negotiations put on the ballot by a breakaway faction of 1100 union members. We talk with UTLA President Warren Fletcher and Howard Blum, education report for the Los Angeles Times.
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