How Stockton Went Broke: A 15-year Spending Binge

Stockton

SAN FRANCISCO (Reuters) - The man in charge of the biggest U.S. city ever to file for bankruptcy is clear about the root of the crisis.

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    Stockton, California, can stay in bankruptcy after a judge said he found that the biggest ... The city is slated to stop paying for retiree health care on June 30 as part of a spending plan the City Council approved in June, citing a US$417-million ...
    04/1/2013 - 9:19 am | View Link
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    03/25/2013 - 11:19 am | View Link
  • Stockton Bankruptcy The Result Of 15-Year Spending Binge
    Generous pension deals were offered in the early 2000s. City officials, looking to transform their sleepy downtown, approved spending on large projects to raise Stockton's profile and turn it into a bedroom community for San Francisco and the Bay Area.
    07/4/2012 - 6:38 am | View Link
  • How Stockton went broke: A 15-year spending binge
    SAN FRANCISCO — The man in charge of the biggest U.S. city ever to file for bankruptcy is clear about the root of the crisis. It was a decision that gave firefighters full healthcare in retirement starting on January 1, 1996, said Bob Deis, the city ...
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  • RPT-How Stockton went broke: A 15-year spending binge
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