Stockton California Falls

Are Morons in charge?


The city of nearly 300,000 people has become emblematic of government excess and the financial calamity that resulted when the nation’s housing bubble burst.

Its salaries, benefits, and borrowing were based on anticipated long-term developer fees and increasing property tax revenue. But those were lost in a flurry of foreclosures beginning in the mid-2000s and a 70 percent decline in the city’s tax base

Pacific Grove’s Runaway Mayor wrote a whole book about taking vacant business buildings and turning them into government offices in Stockton. Buy the book, you may learn some lessons in it like more government waste may not be good.

Stockton California Falls (The Blaze)