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Tag Archives: Financial Commitments
Stockton’s sad fiscal story should be required reading – Long Beach Press
THE Stockton City Council voted last week to stop paying creditors, putting the municipality on the road to bankruptcy. The story of the Northern California city’s roll toward insolvency should be required reading for all California cities. During the real-estate … Continue reading
Posted in SF Bay Area News
Tagged Bedroom Community, California Cities, Commuters, Deis, Financial Commitments, Future Generations, homes millbrae, House Prices, Labor Contracts, Northern California City, Ponzi Scheme, Poster Child, Real Estate Boom, Retiree Health Insurance, Revenue Increases, San Francisco Bay, San Francisco Bay Area, Silicon Valley, Stockton City, Term Gain, Unfunded Liability
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