Sept. 27 (Bloomberg) -- Stockton, California, is scheduled to unveil a bankruptcy exit plan today that may call for raising sales tax, cutting employee benefits and imposing cuts on creditors who are owed more than $350 million.

Should city officials approve the proposal as early as Oct. 3, it would be submitted to the federal judge in Sacramento overseeing the bankruptcy, Stockton’s lead bankruptcy attorney, Marc A. Levinson, said in an e-mail.

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