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Formerly bankrupt Stockton is fiscally healthy again, but offers a warning to others

JUNE 13, 2018 | by Steven Greenhut | CALIFORNIA POLICY CENTER

“Two mid-sized California cities, Irvine and Stockton, have topped a national list of financially healthy governments compiled by an influential watchdog group. Irvine’s top ranking shouldn’t surprise anyone, given that the affluent Orange County city has long been a model for prudence, despite some high-profile spending miscues over the years. But the second-place ranking for the formally bankrupt and chronically mismanaged Stockton is an eye-opener.” 

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