This budget does include the sale of the Oakland Coliseum, for which the city administration explains there still is no Purchase and Sale Agreement in writing. The proceeds are necessary to erase more than $100 million budget deficit.
After two days of debate, the Oakland City Council on Tuesday passed its $2 billion budget inclusive of the Coliseum sale.After two days of debate, in a five-to-three vote, the Oakland City Council passed its $2 billion budget, which Oakland Mayor Sheng Thao called "The public safety budget."
During Tuesday's discussions, Oakland City Councilmembers Treva Reid and Janani Ramachandran both called it "fiscally irresponsible" to pass a budget inclusive of the Coliseum sale. President Bas called for a review of the contingency plan in the coming weeks with public safety leaders. She also acknowledged that Oakland's structural deficit remains an issue, but adds it was decades in the making. She also spoke of doing more around tax collection to help raise revenues.Meanwhile, the Anti Police-Terror Project criticized the budget vote.
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