City Of Stockton's Looming Bankruptcy: Pictures Tell The Story | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

City Of Stockton's Looming Bankruptcy: Pictures Tell The Story

Stockton, Calif., is on the verge of becoming the largest city in the nation to declare bankruptcy after its city council voted 6-1 Tuesday night to approve a spending plan that's essentially "a day-to-day survival budget," as the Los Angeles Times puts it.

A bankruptcy filing could happen as soon as today, according to our colleagues at KQED and other local news outlets.

The city of 300,000's painful step follows last year's bankruptcy filing by Alabama's Jefferson County — the largest municipal bankruptcy in U.S. history. That county piled up more than $4 billion in debt involving a failed sewer construction deal.

Stockton, as The Associated Press notes, has a $26 million budget shortfall. James Spiotto, a Chicago bankruptcy attorney who tracks municipal bankruptcies, tells the AP that until now the largest city to have declared bankruptcy was Bridgeport, Conn., (population about 144,000) in 1991.

The Times writes that "how Stockton found itself so mired in debt can be seen everywhere in the city's core. There is a sparkling marina, high-rise hotel and promenade financed by credit in the mid-2000s, mere blocks from where mothers won't let their children play in the yard because of violence."

KQED's Ian Hill went out with his camera to photograph some of those projects "that Stockton indulged in during better times," and shared his photo gallery with us.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

'The Bishop's Wife' Tracks A Killer In A Mormon Community

The mystery about the disappearance of a young Mormon woman was inspired by a real-life story. Author Mette Ivie Harrison talks about her own struggles with faith and stereotypes of Mormon mothers.
NPR

Nutmeg Spice Has A Secret Story That Isn't So Nice

Nutmeg is a feel-good holiday spice. But it once caused serious bloodshed and may have even been a reason the Dutch were willing to part with Manhattan in the 1600s.
WAMU 88.5

Special Prosecutors Should Handle Civilian Shootings By Police, Holmes Norton Says

Norton says mayors and governors could stem anger over civilian shootings by police by appointing special prosecutors to handle them.
NPR

Pyongyang Blames U.S. Amid Reports Of New Internet Outages

Pyongyang has accused President Obama of "reckless words and deeds" and said the U.S. is "playing hide and seek as children with runny noses would."

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.