Revenue shortfall leaves California facing a budget squeeze

Moody's Talks - Muniland

Spending cuts of $25 billion will ease the deficit, though out-migration of high earners remains a drag on revenue. K-12 education will avoid significant cuts, but is vulnerable if the economy slows.

Guests: Matt Butler, VP-Sr Credit Officer - Moody’s Ratings; Helen Cregger, VP-Sr Credit Officer ­- Moody’s Ratings

Host: Nick Samuels, Senior Vice President, Moody’s Ratings

Related content on Moodys.com (may only be available to registered users and subscribers):

• California’s deficit grows, increasing importance of strong budget solutions
• California school districts are prepared for state budget cuts due to liquidity and strong reserves