USC Price School of Public Policy

Financial Crisis Delivers Blow to California Budget

October 8, 2008

October 3, 2008

Richard Little was quoted in the Orange County Register about how the credit crunch is affecting California’s budget. The slowing economy has Wall Street shunning state and municipal bonds, which is forcing governments nationwide to cancel debt sales, the story noted. “Nobody really wants to loan a whole lot of money,” Little said. “It’s not a good time for anybody, really.” Little is the director of the USC Keston Institute for Public Finance and Infrastructure Policy, the story noted.