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March 3, 2012

If Stockton Is Broke, Why Isn't San Diego?

Steven Greenhut, Bloomberg


wikipedia

Stockton, California, which is heading toward the first steps of Chapter 9 bankruptcy, is described as a crime-racked wretch designated by Forbes magazine as the most miserable city in America.

But it would be wrong to believe that the troubles in the city of almost 300,000 residents in the agricultural San Joaquin Valley are not necessarily a sign of things to come in more upscale municipalities across the state.

 

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Related Topics: California, budget

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