stockton

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dubmans
Posts: 145
Joined: 07 Feb 2016 05:53

stockton

#1 Post by dubmans » 12 Dec 2017 08:09

i saw a welcome to Stockton sign it said bankrupt 2012 any one else see this or is it me
angrybirdseller
Posts: 3300
Joined: 05 Feb 2013 05:16
Location: Minnesota

Re: stockton

#2 Post by angrybirdseller » 12 Dec 2017 08:31

City went broke in 2012 from not having enough tax dollars rolling in property taxes to pay those bloated benefits and pensions. Also, deep recession in 2008 and 2009 drained the local treasury and home values plummented reducing property values in the area.
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