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Detailed text transcripts for TV channel - FOXNEWS - 20120627:11:05:00

Stockton, california a few years ago, the housing was -- they were building these track homes and then the bubble burst and suddenly all that tax money, the property tax money stopped flowing in in stockton, california, had a gigantic negative cash flow in the last three years, theyve cut the police by 25%. theyve cut the fire department by 30%. last night, they had a dire city commission meeting where they decided they would seek bankruptcy protection in the courts. this is the largest city in ...
California City Track Homes Tax Money Property Tax Money Cash Flow Last Night

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