Blogs » Paradigm Shifter » Stockton, California: City of the Future?

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The city of Stockton, California recently achieved the distinction of being the largest city in US history to file for bankruptcy, and many wonder which city may be next.

It's hard to understand how a city can go in the tank despite such promising features:
• Downtown revitalization program
• Inland port
• Located on an interstate highway
• Asparagus Festival
• Stockton EDC
While Stockton is an anomaly (or perhaps a trendsetter), this shatters the myth that municipalities are immune to economic collapse. I hope we're managing our debt obligations responsibly.