Almost a year since Stockton, Calif., became the biggest U.S. city to file for bankruptcy, its leaders will review a tax plan aimed at restoring it to solvency and reducing crime in one of the 10 most dangerous U.S. cities, Reuters reported on Friday. Stockton's City Council will take up the plan on Tuesday along with a budget proposal that comes after an April ruling by Bankruptcy Judge Christopher Klein that approved letting the city draft a plan for adjusting its debts. The tax plan would raise Stockton's sales tax to 9 percent from 8.25 percent. Proceeds would go to hiring 120 more police officers, and for other safety programs, and to help Stockton exit from bankruptcy, a goal the city could trumpet in the debt-adjustment plan it will file with Judge Klein in September.
