Posts Tagged ‘budget deficit’
The pros and cons of Oakland’s proposed parcel tax, Measure I–INFOGRAPHIC
The pros and cons of Oakland’s proposed parcel tax, Measure I
Oaklanders have six days left to vote for or against Measure I, a tax increase for homeowners that would be used to compensate budget deficits in various city departments, specially the Oakland Police. Mayor Jean Quan’s proposal has incited a heated debate among councilmembers and residents on whether the tax increase will truly help alleviate the city’s financial crisis.
Oakland North has put together this overview of Measure I for Oakland residents who haven’t yet mailed their ballots.
Read MoreMayor Quan reflects on first 100 days in office
Gearing up for next week’s anniversary of 100 days in office, Mayor Jean Quan spoke to the press on Thursday about her accomplishments and hopes for the upcoming months. “It seems like its gone very fast,” she said. “We’ve worked very hard to launch Oakland in a new footing.”
Read MoreAC Transit nixes discount bus passes for high school students over age 18
Facing a $21 million deficit, along with employee layoffs, service cuts and the probable closing of facilities, AC Transit doesn’t have a lot of breathing room. On Wednesday, the agency’s board of directors decided it can’t finance the estimated $625,000 it would cost to offer discount youth bus passes for Oakland Unified School District high school students over the age of 18.
Read MoreCity funding for police and fire retirement system still unclear
Oakland City Council’s finance and management committee met Tuesday to discuss several city budget and finance issues, the most contentious of which was how to pay for the Police and Fire Retirement System.
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