Not funding pensions

http://accounting.smartpros.com/x76416.xml Richmond CA and the debt per capita.

Stockton CA bankruptcy and

relationship to a bond deal related to paying the city's pensions.  http://www.nytimes.com/2012/09/04/business/how-a-plan-to-help-stockton-calif-pay-pensions-backfired.html?_r=1

San Bernadino files Chapter 9

Since June 28, 2012 (in a period of just over a month) San Bernadino is the third California city to seek bankruptcy protection.   http://www.bloomberg.com/news/2012-08-02/san-bernardino-california-files-for-bankruptcy-protection-2-.html

California audit findings of employee travel advances

and loans that were not paid.  Halted for now, but this state practice is now being investigated.  This LA Times April 21, 2011 story by Anthony York indicates millions of dollars at issue in terms of accountability   http://www.latimes.com/news/local/la-me-unpaid-loans-20110421%2C0%2C4285091.story