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Stockton Council Authorizes Manager to File Bankruptcy; Primary Results



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(Sacramento, CA)
Wednesday, June 06, 2012

The fields are set in Stockton for the general election in November.

Incumbent Mayor Ann Johnson won more than 41 per cent of the vote. She will face Anthony Silva, who got about 21 per cent.

In City Council District Four, incumbent Diana Lowery won almost 48 per cent of the vote and will face Moses Zapien, who polled almost 36 per cent.

In District Six, 21-year-old Stanford student Michael Tubbs gained nearly 55 percent of the vote and will face incumbent Dale Fritchen who polled just under 45 percent. Fritchen is the only member of the Stockton City Council who opposed the consideratino of bankruptcy for the city.

In District Two, Randy Hatch and Vice Mayor Kathy Miller were the only candidates and will face each other in November. Miller won nearly 62 percent of the vote.

 
See all San Joqquin County Primary Results
 
 

Stockton City Council Gives City Manager Authority to File for Chapter 9 Bankrupty

The Stockton City Council last night voted to grant the city manager authority to file for Chapter 9 bankruptcy protection in three weeks… if city officials fail to reach satisfactory settlements with Stockton's creditors.

Stockton Mayor Ann Johnston says the city doesn't have much time.

  "We have until the end of June to work on a settlement with our creditors and all the folks at the table but absent that we have to do something, so  we are going to be giving him the authority to get ready to do that should we need to," Johnson said. 

The council vote was 6 to 1. The mediation with creditors was extended through June 25th, and City Manager Bob Deis says he wants to be ready to go to bankruptcy court the next day…if the mediation fails.

Deis says the city has depleted its general fund, defaulted on bank bonds, and slashed essential services…but still faces a $26 million budget deficit.


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