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When Government FailsThe Orange County Bankruptcy$
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Mark Baldassare

Print publication date: 1998

Print ISBN-13: 9780520214859

Published to California Scholarship Online: March 2012

DOI: 10.1525/california/9780520214859.001.0001

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PRINTED FROM CALIFORNIA SCHOLARSHIP ONLINE (www.california.universitypressscholarship.com). (c) Copyright University of California Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CALSO for personal use.date: 27 September 2021

The Road to Recovery

The Road to Recovery

(p.151) Chapter 6 The Road to Recovery
When Government Fails

Mark Baldassare

University of California Press

This chapter tells the amazing story of how Orange County was able to recover from the largest municipal bankruptcy in U.S. history in only eighteen months. It analyzes the reasons for the defeat of the Measure R sales tax measure and looks at its political aftershocks. It reviews the consensus plan that emerged and the state legislation that enabled Orange County to pay its bills without raising taxes or benefiting from a state bailout. It then considers the ongoing story of the post-bankruptcy fiscal recovery. This story includes legal actions against county officials, lawsuits against the firms who did business with the county officials, and mounting costs as a result of the Orange County bankruptcy. It is a great irony that the fate of the state legislation for the Orange County recovery was dependent on Los Angeles County.

Keywords:   Orange County, bankruptcy, Measure R, sales tax, legislation, fiscal recovery, lawsuits, Los Angeles County

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