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