A California-based think tank says King City is the second most financially stressed city in the state. Compton ranked No. 1.

The California Policy Center released its list of the "Unlucky 13" this week saying King City's problems stem from a combination of lowered property and sales tax revenues.

Just this week however, King City likely passed a half-cent sales tax increase which wasn't included as part of the study. Final election numbers have yet to be certified.

Rogue Traders

Jun 17, 2014

A Wall Street trader who sees stock activity a millisecond in advance has a distinct advantage.  Securities finance expert, Scott Skyrm, examines the plethora of scam stock marketers over the last 40-years in his book, Rogue Traders.