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The source of the data for the new SCO web site is the same unaudited information used in the annual reports mentioned above.
Although the research was supported by a state entity, the model itself and the findings reported here are not endorsed by any official entity.But our goal is not to issue these findings and stifle any subsequent dialogue, quite the contrary.* * * Over two years have passed since the cities of Mammoth Lakes, San Bernardino and Stockton filed for municipal bankruptcy.These metrics are: We then calculate a default probability score based on a weighted average of these four metrics.
The scores are calibrated to reflect the estimated probability that a local government will either declare bankruptcy or default on its general obligation bond issues within one year.While this quiet period reminds us that municipal insolvency is a rare event, some cities and counties are more vulnerable than others.