‘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

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