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Stockton to file for bankruptcy, will be largest U.S. city to fail.

Stockton to file for bankruptcy, will be largest U.S. city to fail.

Post ID: 35364 | POSTED ON: Jun 27, 2012
 
 

STOCKTON — This Gold Rush-era port city, an epicenter of California's agricultural exports, will become the nation's largest city to seek protection under the U.S. bankruptcy code after its City Council on Tuesday stopped bond payments, slashed employee health and retirement benefits and adopted a day-to-day survival budget.  Read  More

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John Lyndon

Publisher & Editor In Chief at MAYORS & CITIES Magazine
John Lyndon is the Publisher and Editor In Chief of Mayors & Cities Magazine.

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