Stockton bankruptcy can move forward, judge rules
The $900 million Stockton owes to the California Public Employees Retirement System to cover pensions is its biggest debt -– as is the case with many cities in California.
Stockton slashed its police and fire departments, halted bond payments, cut employee benefits and adopted an emergency spending plan that cut many city services. But the city continues to pay into the state pension
http://www.latimes.com/local/lanow/la-me-ln-stockton-bankrupt-20130401,0,7979388.story
Seems they have their priorities intact.
Perhaps "Moonbeam" Brown can give a speech on how well things are going in Ca.
The $900 million Stockton owes to the California Public Employees Retirement System to cover pensions is its biggest debt -– as is the case with many cities in California.
Stockton slashed its police and fire departments, halted bond payments, cut employee benefits and adopted an emergency spending plan that cut many city services. But the city continues to pay into the state pension
http://www.latimes.com/local/lanow/la-me-ln-stockton-bankrupt-20130401,0,7979388.story
Seems they have their priorities intact.
Perhaps "Moonbeam" Brown can give a speech on how well things are going in Ca.
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