The City of Oakland is facing a severe fiscal crisis, with a projected $177 million deficit. The Oakland City Council has selected a less lucrative contract, leaving behind $88 million, according to a grand jury report. To address the deficit, officials have proposed $63 million in budget cuts, which include reducing the number of police officers below the required minimum. These cuts are part of contingency plans in case a $105 million deal to sell the city's share of the Coliseum to private developers falls through. The city is working to implement a balanced budget by the June 30th deadline, and there are calls for a state of extreme fiscal emergency. Protests are being organized to demand a responsible budget that does not cut public safety. City spokesperson Sean Maher has provided statements on the issue.
The City of Oakland is working to implement a balanced budget as it faces a $177 million deficit. https://t.co/jK1g6RIZxj
The City of Oakland is expected to declare a state of extreme fiscal emergency #MacroEdge
The city of Oakland has revealed contingency plans in case a $105 million deal to sell its share of the Coliseum to private developers falls through. The plan includes cutting an additional $63 million through reductions to city programs and staff. https://t.co/hEwrGwsvpY
#BREAKING: The city of Oakland is proposing $63 million in new cuts to balance the budget by the June 30th deadline. Cuts exclude revenue from the coliseum sale that has not been finalized. Statement from city spokesperson Sean Maher below. @nbcbayarea https://t.co/MfnOSlH19B
BREAKING: Oakland government officials propose $63 million in budget cuts, including reducing the number of police officers below required minimum https://t.co/f6DLQeHDwZ
#BREAKING: $63 million in cuts proposed for new Oakland budget. https://t.co/a6WqdauAAa https://t.co/pNbwV81kWy
ALL HANDS ON DECK TO SAVE OAKLAND FROM BANKRUPTCY!! Oakland Budget Hearing Protest Join us Wednesday at 1:30 and again Friday at 1:30 at Oakland City Hall to demand Oakland City Council pass a responsible budget that doesn't cut public safety or lead the city into bankruptcy.… https://t.co/01m6Xa1chS
The Oakland City Council selected a less lucrative contract for the city, leaving behind $88 million, the grand jury found. https://t.co/xQWej4ywYJ