Tag: budget deficit

San Leandro approves budget, sets aside $1.7m that could be reallocated from SLPD

Facing a hard deadline to put forth a balanced city budget by the end of the month, the San Leandro City Council closed a $7 million budget shortfall that includes the potential for later shifting more than $1.7 million from its police department to bolster various community services. Monday's council meeting featured over three hours … Continue reading San Leandro approves budget, sets aside $1.7m that could be reallocated from SLPD →

Hayward: Wahab tried to lower council pay by 5%, colleagues were cool to the idea

As Hayward councilmembers thanked its executive team and firefighters on Tuesday night for foregoing two percent cost-of-living increases to help lower the city's ballooning covid-related deficit, in addition, to their own two percent cut in council pay, Hayward Councilmember Aisha Wahab, instead, pushed for further generosity from her colleagues. "I, personally, am willing to forego … Continue reading Hayward: Wahab tried to lower council pay by 5%, colleagues were cool to the idea →

‘We’re going to have to pivot much sooner’: Alameda County’s budget deficit is likely higher

Alameda County's baseline budget shortfall of $72 million is likely somewhere closer to $140 million, and possibly larger, county officials said on Tuesday. Alameda County Administrator Susan Muranishi warned the Board of Supervisors will need to deal with the abrupt economic downturn faster than previously expected. Earlier this month, at a budget workshop session, Muranishi … Continue reading ‘We’re going to have to pivot much sooner’: Alameda County’s budget deficit is likely higher →

Alameda County braces to learn the damage covid-19 has done to its budget

The forecast for Alameda County's short-term fiscal health will come into focus this week and it could be sobering news for those who depend greatly on the county's safety net services. County supervisors will learn at a budget workshop session on Thursday the extent of the damage caused by covid-19 on the local economy. Last … Continue reading Alameda County braces to learn the damage covid-19 has done to its budget →

San Leandro: Rosy fiscal outlook includes small budget surplus next year

A new financial consultant, a good economy in San Leandro, and a little bit of old-fashioned belt-tightening is bringing a small surplus to the city for the upcoming fiscal year, according to an early budget presentation to the City Council Monday night. San Leandro Finance Director David Baum projects the city will have a $48,000 … Continue reading San Leandro: Rosy fiscal outlook includes small budget surplus next year →

Oakland has a $43 million two-year budget deficit

It's not a revenue problem. It's an expenditures problem that is fueling another large budget shortfall in Oakland estimated to total $43 million over the next two years, said Finance Director Katano Kasaine. Oakland's general purpose fund is expected to run a $25 million deficit during the next fiscal year beginning on July 1, in … Continue reading Oakland has a $43 million two-year budget deficit →

Alameda County proposes $3.1 billion budget

Alameda County Board of Supervisors' proposed budget would close a $66 million deficit.