Hayward City Council ‘bummed’ by ballooning budget deficit

Hayward's proposed budget includes adding6.6 full-time employees for staffing the newdowntown library.HAYWARD CITY COUNCILHayward City Manager Kelly McAdoo didn’t want the City Council to ask many questions Tuesday night after they learned about the fiscal health of the city. Save it for when the council meets for an in-depth discussion on May 20, she urged. … Continue reading Hayward City Council ‘bummed’ by ballooning budget deficit

Alameda County’s budget deficit is two numbers and neither are particularly rosy

ALAMEDA COUNTYAlameda County's budget shortfall is either $68 million, a figure slightly lower than last year's $72 million deficit, or a significantly more worrisome $108 million, the county administration announced Wednesday.The latter funding gap is a result of Alameda County potentially absorbing $40 million to its next fiscal year budget in order to pay for … Continue reading Alameda County’s budget deficit is two numbers and neither are particularly rosy

Hancock backs state constitutional amendment to reform Prop. 13

State Sen. Loni Hancock is co-authoring SenateConstitutional Amendment 5.Proponents say amendment could raise $9bn in taxesLEGISLATURE | State Democrats, including East Bay State Sen. Loni Hancock, want corporations and large real estate owners to pay their fair share of property taxes by rolling back portions of Proposition 13, passed in 1978 to limit rising real … Continue reading Hancock backs state constitutional amendment to reform Prop. 13

Hayward Budget Report Tamps Down Exuberance After $4.8M in New Revenue

HAYWARD CITY COUNCIL | Hayward is forecasting a significant bump in revenue in a mid-year budget adjustment report to be presented to the City Council this Tuesday. On the heels of increased real estate activity in Hayward, the city’s finance director expects $4.8 million in additional revenue this fiscal year. The report, however, attempts to … Continue reading Hayward Budget Report Tamps Down Exuberance After $4.8M in New Revenue

With Redevelopment Dissolved, Oakland Looks For New A Solution To Support Affordable Housing

OAKALND CITY COUNCIL | An ordinance setting-aside up to 25 percent of Oakland’s future property tax dollars from the state for affordable housing, if passed later this month, could become a bulwark against significant losses in redevelopment funds, while igniting historical sensitivities over where to place future projects.The potential ordinance, approved Tuesday by the Oakland Community … Continue reading With Redevelopment Dissolved, Oakland Looks For New A Solution To Support Affordable Housing

ALAMEDA COUNTY SEES BUDGET FUNDING GAP FALL TO $80 MILLION

ALAMEDA COUNTY//BUDGET | The East Bay’s local economy is moving further from the worst of the Great Recession and closer to better times—except, only slightly. Last week, the Alameda County administrator’s office announced a $80.2 million funding gap that follows four years of overwhelming budget shortfalls highlighted by steep cuts to staff and crucial safety net … Continue reading ALAMEDA COUNTY SEES BUDGET FUNDING GAP FALL TO $80 MILLION

Mayor To Hayward: With Better Schools, Your Home Could Be Worth $100k More!

HAYWARD | Hayward Mayor Michael Sweeney says the city is going nowhere fast unless it improves its consistently flagging schools.“We’re at the bottom,” said Sweeney, while pointing to a chart before residents Wednesday at a neighborhood state of the city address. “We’re the lowest performing school in Alameda County. Take a long look at that. … Continue reading Mayor To Hayward: With Better Schools, Your Home Could Be Worth $100k More!

Hayward Looking At $14 Million Budget Shortfall This June

HAYWARD | Mar. 7, 2012 | "Thanks, I guess," Hayward Councilwoman Barbara Halliday drolly said Tuesday night as the city's finance director again forecasted a budget shortfall of nearly $14 million for the next fiscal year.The grim news follows a steep round of cuts last year to employee wages and benefits used to shore up a $20 … Continue reading Hayward Looking At $14 Million Budget Shortfall This June

East Bay Cities Begin Task Of Taking Over Redevelopment Agencies

END OF REDEVELOPMENTHAYWARD | Jan. 11, 2012 | While councilmembers in San Leandro and Hayward moved swiftly, but quite reluctantly to take responsibility for the winding down of their respective redevelopment agencies this week, officials in Oakland took extra time to approve the governor's controversial no-win plan for cities.Tax municipalities have until this Friday to … Continue reading East Bay Cities Begin Task Of Taking Over Redevelopment Agencies

Alameda County’s Economy Showing Glimmer Of Hope, But Don’t Get Too Excited

Dec. 22, 2011 | Is the sluggish economy in Alameda County finally on the rebound? Over the past few years, county officials have detailed bedeviling fits and starts (mostly fits) for the local economy only to see the bottom drop further.As the county gears up for another year of locating budget cuts to reconcile another … Continue reading Alameda County’s Economy Showing Glimmer Of Hope, But Don’t Get Too Excited

Coming to San Leandro, A Balanced Budget With Few Cuts

$72 MILLION BUDGET BUOYED BY SALES TAX MEASURE; CASSIDY TO TAKE SALARY, PAY MORE FOR HIS PENSIONBy Steven Tavaressteven.tavares@eastbaycitizen.com@eastbaycitizen on twitterSan Leandro is slated to pass its first fiscal budget in four years featuring very few cuts to staff and services, said city officials.Although the city’s budget is bound to be balanced every year according … Continue reading Coming to San Leandro, A Balanced Budget With Few Cuts

‘A Little Better Than We Expected’

LOW BUDGET FORECASTS AND $1.7 MILLION IN UNEXPECTED REVENUE PERKS UP CITY FINANCIAL OUTLOOKBy Steven TavaresSan Leandro's climb back to financial stability, these days, is measured in hope as much as it is in dollars and cents. The city's new finance director brought a glimmer of cautious cheer to the city's outlook. Conservative budget projections and fortuitous injections … Continue reading ‘A Little Better Than We Expected’