Entries by Marc Joffe and Bill Fletcher

California’s Total State and Local Debt Totals $1.3 Trillion

We estimate that California state and local governments owe $1.3 trillion as of June 30, 2015. Our analysis is based on a review of federal, state and local financial disclosures. The total includes bonds, loans and other debt instruments as well as unfunded pension and other post-employment benefits promised to public sector employees. Our estimate […]