Bankrupt Stockton might turn out to be one of California’s bright spots, if this story is on the money:
“There are likely to be more in the future, but it’s hard to know, since a lot of struggling cities may manage to work things out,” said Michael Coleman, a fiscal policy advisor for the California League of Cities. “Some cities may not go into a bankruptcy, but they may dissolve. They may cease to exist.”
I’ve lived in California, and it’s the best thing for them, really.