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As Reality of Bankruptcy Hits, Stockton Grapples with Hard Decisions
The San Joaquin Valley City of Stockton got the very worst of the foreclosure crisis. Ten percent of Stockton's families lost their homes, business declined and tax revenues dried up.
By Warren Olney • • 1 min readThe San Joaquin Valley City of Stockton got the very worst of the foreclosure crisis. Ten percent of Stockton's families lost their homes, business declined and tax revenues dried up. Monday, a federal judge ruled that Stockton was eligible for bankruptcy protection, and last night's city council meeting wasn't over until 2 o'clock this morning. San Bernardino, Compton, San Jose and Watsonville are all watching closely to see what happens to Stockton's pension obligations.
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Stockton Bankruptcy Reality and UTLA Confidence Vote- 0:00As Reality of Bankruptcy Hits, Stockton Grapples with Hard DecisionsYou’re reading this
- 15:49Will LAUSD Teachers Give the Superintendent a Passing Grade?
The full episode
1 of 2Stockton Bankruptcy Reality and UTLA Confidence Vote- 0:00As Reality of Bankruptcy Hits, Stockton Grapples with Hard DecisionsYou’re reading this
- 15:49Will LAUSD Teachers Give the Superintendent a Passing Grade?