Deep budget cuts coming to Oakland as the city faces $120 million budget deficit in next two years
Briefly

from The Mercury News4 months ago
Despite an anticipated $95 million from the Coliseum sale, Oakland faces a $120 million deficit over the next two years, leading to unavoidable service cuts.
The Mercury Newshttps://www.mercurynews.com/2024/10/27/deep-budget-cuts-coming-to-oakland-as-the-city-faces-120-million-budget-deficit-in-next-two-years/
"This reflects deeper, ongoing imbalances between revenues and expenditures," the report states, highlighting the city's long-term financial challenges and shortfalls.
The Mercury Newshttps://www.mercurynews.com/2024/10/27/deep-budget-cuts-coming-to-oakland-as-the-city-faces-120-million-budget-deficit-in-next-two-years/
"To the extent that they are not reduced means even more disproportionate cuts on all other functions...There are no easy answers to this," said budget director Johnson.
The Mercury Newshttps://www.mercurynews.com/2024/10/27/deep-budget-cuts-coming-to-oakland-as-the-city-faces-120-million-budget-deficit-in-next-two-years/
Following a $120 million deficit forecast, Oakland's budget struggles reveal significant revenue shortfalls and reliance on past federal aid to manage fiscal issues.
The Mercury Newshttps://www.mercurynews.com/2024/10/27/deep-budget-cuts-coming-to-oakland-as-the-city-faces-120-million-budget-deficit-in-next-two-years/
Read at The Mercury News
#oakland #budget-deficit #city-services #financial-challenges #local-government
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