Posted by & filed under Stockton Real Estate.

Voters Send Signals in Two Struggling California Cities
Wall Street Journal
Stockton’s bankruptcy was brought on in part by high retiree costs and spending on downtown redevelopment as property-tax revenue fell due to the real-estate downturn. The city has since made deep cuts to city services, including police and fire.
Stockton voters approve new tax measure for bankrupt cityLos Angeles Times

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