What happens when/if a state goes insolvent/bankrupt? - Page 2

[sagewinna]

My dad is retired from the state, and when they've been paid with IOU's the Golden 1 Credit Union honored them, it was awesome.

[mamadonna]

Our district is most certainly going to lay off workers.

They also want to institute pay cuts, class size increases, and provide fewer benefits for new hires.

It's really looking bleak for CA public schools.