Stockton, Calif., Mulling Ch. 9 Filing: City Manager
In an update included in an agenda for a city council meeting set to take place Tuesday, City Manager Bob Deis cited the city's “dire fiscal situation” and a best-case/worst-case scenario of $20 million to $38 million projected deficit for fiscal year 2012-13, as he recommended conducting a so-called State AB506 confidential neutral evaluation process.
The city is facing $435 million in unfunded retirement...
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