Oakland City Council passes budget using one-time funds from Oakland Coliseum sale

Oakland News

Oakland City Council passes budget using one-time funds from Oakland Coliseum sale
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The Oakland City Council voted to approve a budget Tuesday that, while avoiding layoffs, also didn't solve the city's on-going fiscal morass.

The Oakland City Council voted to approve a budget Tuesday that, while avoiding layoffs, also didn't solve the city's on-going fiscal morass. The 5-3 vote codifies a proposal by Mayor Shang Thao, with some amendments from councilmembers, to use $63 million from the anticipated $105 million sale of the city's ownership stake in the Oakland Coliseum to help close an estimated $117 million shortfall.The vote staves off painful service and program cuts for at least another year.

The one that didn't featured $63 million in immediate cuts -- which could be restored if the sale goes through -- including temporary closure of four fire stations, the elimination of two police academies and funding for 610 police officers.Ramachandran said she and her colleagues didn't have enough time to offer amendments and get questions answered from the city's finance department and called the budget process an insult to Oakland residents.

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