Which Way, L.A.?
Stockton Bankruptcy Reality and UTLA Confidence Vote
Cities around the US are watching bankruptcy proceedings to see if CalPERS, the state pension system, will have to wait in line with other Stockton creditors.
By Warren Olney • • 27m ListenStockton 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
In this episode
2 storiesAs 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.
Read the story16 minWill 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.
Read the story11 min
