"Berkeley's proposed budget plan, including potential cuts to the Small Sites program, raises concerns about sustainable solutions for the city's projected $26.8 million deficit."
"Council members are considering various budget balancing options, but the contentious proposal to cut $2.5 million from the Small Sites program reflects deeper tensions over affordable housing funding."
The article discusses the Berkeley City Council's deliberations on addressing a projected $26.8 million deficit while considering cuts to essential programs such as the Small Sites program that funds affordable housing. Despite being a crucial initiative that aids local groups in purchasing and renovating apartment complexes to prevent tenant displacement, the $2.5 million allocation for this program is up for debate. City finance staff warn that proposed budget-balancing strategies may only provide short-term relief and fail to tackle a deeper structural deficit, raising alarms about future financial stability amidst uncertain economic conditions.
Read at www.berkeleyside.org
Unable to calculate read time
Collection
[
|
...
]