Budget Relief and Deficit Financing by Local Governments in California

The Orrick Public Finance Green Book Series | March.18.2008

As a result of the COVID-19 virus, local governments in California are facing sudden, unexpected, unprecedented, dramatic shortfalls or delays in a number of their core revenue streams, in some cases combined with significantly increased expenses. To assist in addressing these issues, the following is a quick review of some potentially relevant financing tools available in California.