OAKLAND, CALIFORNIA – JULY 27: The Coliseum in Oakland, Calif., on Wednesday, July 27, 2022. OAKLAND — To patch up a financial crisis likened by some officials to the Great Recession, Oakland’s leaders on Tuesday approved budget changes that will avoid drastic cuts but also rely on the still-pending sale of the city’s most valuable real estate property.
Still, the new budget will freeze a total of 34 police officer positions and a host of other vacant jobs in the city, cuts that depend on sworn officers leaving or retiring. OAKLAND, CALIFORNIA – AUGUST 22: Oakland Councilmember Nikki Fortunato Bas speaks during a vigil near where Lili Xu, 60, was killed during an attempted robbery on Sunday, in Oakland, Calif., on Monday, Aug. 22, 2022.
In the meantime, Oakland’s leaders had been tasked with plugging a major deficit fueled largely by revenues falling way short of projections, including those from taxes on business licenses and real-estate transfers that became strained during the pandemic. Raising alarm bells over the unfinished Coliseum sale, Councilmember Janani Ramachandran went further, pushing to delay any formal budget decisions until the end of July so the council would have additional time to consider new outcomes.
Brad Johnson, Oakland’s lead budget analyst, warned that city officials will still need to “walk on eggshells” until the fall so they don’t overspend with revenue that might not arrive in time.
Entertainment Entertainment Latest News, Entertainment Entertainment Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KPIXtv - 🏆 443. / 53 Read more »