Yes, the same Stockton that's on the verge of filing for bankruptcy protection. In fact, it's leading all California metro areas in job growth. From Reuters:
The Business Forecasting Center of the University of the Pacific in Stockton estimates a 5 percent increase in payrolls in the Stockton region for the 12 -month period ending in March. Jeff Michael, the center's director, said the city's economy is finally starting to recover from the knock-on effects of the area's dramatic housing crash. The region has "clearly joined the recovery," he told Reuters on Thursday. Local job growth will run at about 4 percent this year and about 2 percent annually through 2016, he said.
Of course, all this take time to move through the system - possibly too much time to avoid a trip to bankruptcy court. "If I had to bet, I'd bet the city would probably enter bankruptcy," Michael said. "The problem is too deep and too complex and involves too many parties to reach a negotiated solution in a few months." At this point, there are three possibilities: Slashing more services and staff, restructuring debt by working with creditors, or filing for Chapter 9, which is municipal bankruptcy. City officials presented those options at a Town Hall meeting. From the Stockton Record:
A participant elicited applause by next suggesting the city could save $300,000 a year by firing [City Manager Bob Deis]. The city manager - at the time seated with his back to the personal attack - shook his head and smiled. City firefighter and Stockton resident Mike Pasqualicchio took aim at [Mayor Ann Johnston] for being on the City Council in the 1990s that cast "uneducated" votes for increasing city retirees' health care - the bulk of Stockton's problems today. Johnston responded that Stockton got caught in a statewide trend that began when the California Highway Patrol first received enhanced retirement benefits. "Yes, I voted on a couple of those," Johnston said. "I was assured by city staff that this was something we could afford. Did I ask the right questions? I thought I did at the time." Deis defended Johnston by saying that city staff at the time was at fault for failing to provide the council members with the fine print.