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Stockton Releases Fiscal Year 15/16 Proposed Budget Department: City Manager

The City of Stockton has released its fiscal year 2015/16 Proposed Budget. This is the first budget, post-bankruptcy, that the City has prepared since implementing the Court-approved Plan of Adjustment, effective February 25, 2015. The proposed budget meets all of the commitments made in bankruptcy it is balanced, addresses the Council’s strategic priorities, strengthens reserves, and demonstrates fiscal discipline.

“This budget includes realistic revenue projections, risk reduction by restructuring obligations, and reflects frugal spending, all of which have placed the City in a stable financial position,” said City Manager Kurt Wilson. “Fiscal prudence has paid off. While we are not in a position to widely restore services that depend on ongoing financial commitments, we are seeing the early signs of a recovering economy, providing cautious optimism.”

A copy of the City Manager’s Budget Message and the 2015/16 Proposed Budget are available on the City of Stockton website at www.stocktongov.com/budget.

Please see link to Full News Release below.

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Full News Release

New Community Development Director Appointed Department: City Manager

Effective June 8, 2015, the City of Stockton Community Development Department will have a new Director. David Kwong, formerly an Associate Planner with the City of Stockton and currently the Planning Director for the City of Sacramento, has been appointed by the City Manager and will return to Stockton to lead the department.

Community Development Department lies at the center of many of Stockton’s biggest issues, so I’m pleased to appoint such a capable Director with a wealth of experience and strong ties to Stockton,” said City Manager Wilson.

Mr. Kwong holds a Bachelor of Science in Business Administration from California State University, Sacramento, with a concentration in real estate and land use affairs. In addition to his current role, he has worked in progressively responsible positions as Associate Planner, Senior Planner, Principal Planner, Planning Director, and Interim Community Development Director. He is a member of the American Planning Association (APA) and the American Institute of Certified Planners (AICP).

For additional information, please see the link to the Full News Release below.

Related Document(s):

Full News Release