Apparently California is in the same boat. Since they can't tax, they can only raise money by selling bonds, and who wants to buy that crap?
Japan has a great solution to the fact it can't fix any schools, just don't tell anybody anything! That way, they don't cause 'anxiety'. And Vancouver is bitchin' their retrofits are going too slow!
Far better off, on the anxiety front, are those you don't have the slightest worry about earthquakes. Nothing is cheaper than ignorance!