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Stockton, California, April 30, 2012 - A major problem facing the city now is that its property, sales and business tax revenues are on the decline, and combined with it high crime rate it financial woes make it an unattractive place for businesses to relocate. <br />
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Stockton, a city of nearly 300,000 with strong agricultural roots, has been plagued by crime and misfortune over the past several decades. It saw home construction soar nearly three times over during the boom years from 1998 to 2005, only to fall just as precipitously to become a foreclosure epicenter when the boom turned to bust. In June of this year it became the largest city to file for bankruptcy.