He said Los Angeles, like many cities and states, faces dramatic increases in employee pension and health-care benefit costs over the next several years.
Riordan served as mayor of Los Angeles from 1993 to 2001. He believes muni doomsayer Meredith Whitney is right with her prediction that local governments are in big trouble. Bond Buyer
California local governments are getting toes to the line, ready for the starting gun.
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