Government
Apr. 4, 2012
Controller to probe Stockton finances
State Controller John Chiang has launched an investigation into the financial practices and reporting of Stockton, a city teetering on the edge of bankruptcy. Some doubt its fiscal condition is as bad as officials claim.
By Ben Adlin
Daily Journal Staff Writer
State Controller John Chiang has launched an investigation into the financial practices and reporting of Stockton, a city teetering on the edge of bankruptcy. In a letter sent Monday to City Manager Bob Deis, Chiang said the investigation was prompted by a number of missed deadlines and reporting discrepancies that suggested the city's ability to provide reliable and accurate financial information was "questionable." Some in Stockto...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In