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26 / Comparing the Debt

26 / Comparing the Debt Burdens of Ontario and California Publishing information Distribution These publications are available from in Portable Document Format (PDF) and can be read with Adobe Acrobat® or Adobe Reader®, versions 7 or later. Adobe Reader® XI, the most recent version, is available free of charge from Adobe Systems Inc. at . Readers having trouble viewing or printing our PDF files using applications from other manufacturers (e.g., Apple’s Preview) should use Reader® or Acrobat®. Ordering publications To order printed publications from the Fraser Institute, please contact the publications coordinator: • e-mail: sales@fraserinstitute.org • telephone: 604.688.0221 ext. 580 or, toll free, 1.800.665.3558 ext. 580 • fax: 604.688.8539. Media For media enquiries, please contact our Communications Department: • 604.714.4582 • e-mail: communications@fraserinstitute.org. Copyright Copyright © 2014 by the Fraser Institute. All rights reserved. No part of this publication may be reproduced in any manner whatsoever without written permission except in the case of brief passages quoted in critical articles and reviews. Date of issue March 2014 ISBN 978-0-88975-293-1 Citation Murphy, Robert P., Milagros Palacios, Sean Speer, and Jason Clemens (2014). Comparing the Debt Burdens of Ontario and California: Lessons from the Past and Solutions for the Future. Fraser Institute. Cover design Monica Thomas Infographic design Bill Ray Cover image Panorama of Toronto, © RobertS, Bigstock. fraserinstitute.org

Comparing the Debt Burdens of Ontario and California / 27 Supporting the Fraser Institute To learn how to support the Fraser Institute, please contact • Development Department, Fraser Institute Fourth Floor, 1770 Burrard Street Vancouver, British Columbia, V6J 3G7 Canada • telephone, toll-free: 1.800.665.3558 ext. 586 • e-mail: development@fraserinstitute.org Lifetime patrons For their long-standing and valuable support contributing to the success of the Fraser Institute, the following people have been recognized and inducted as Lifetime Patrons of the Fraser Institute. Sonja Bata Charles Barlow Ev Berg Art Grunder Jim Chaplin Serge Darkazanli John Dobson Raymond Heung Bill Korol Bill Mackness Fred Mannix Jack Pirie Con Riley Catherine Windels fraserinstitute.org

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