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Wed, Jun 27, 2012 -- 9:00 AM
Stockton Bankruptcy
Justin Sullivan/Getty Images
Downtown Stockton
The Stockton City Council is scheduled to vote Tuesday night on whether to declare bankruptcy. The city faces a $26 million shortfall even after making $90 million in cuts, including cutting a quarter of the police and nearly a third of the fire department. What would a bankruptcy filing mean for the city?
Host: Michael Krasny
Guests:
- Jeff Michael, director of the Business Forecasting Center at the University of the Pacific in Stockton
- Susan Eggman, Stockton city council member
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