Stockton Mayor Anthony Silva's State of the City message was that the city hit rock bottom in 2012 and is on the way up financially and down on the crime forefront. He urged attendees to "Invest in Stockton now because our stock is rising." Silva spoke at the annual State of the City event today at the Port of Stockton, co-sponsored by the Stockton Chamber of Commerce, City of Stockton and the Port. His remarks served as an introduction for recently appointed Stockton City Manager Kurt Wilson. Wilson gave a chronological overview of Stockton's fiscal crisis that resulted in bankruptcy. He said the city was, amongst other factors, unprepared for the "Great Recession", and was overextended. He said the city's self-assessment of finance and operations led to development of steps to recover, including eliminating retiree health benefits.