Oakland Budget

Oakland Budget Deficit Not Caused By Unpaid Business Taxes

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City of Oakland

Oakland (Special to ZennieReport.com) – There’s an idea out there that one major contributor to the City of Oakland’s $175 million budget deficit (see report) is unpaid business taxes and license fees. But is it? Len Rafael, Oakland Accountant and candidate for the District One City Council Seat currently held by Dan Kalb, shared this … Read more

Oakland Should Use Debt-Based Deficit Financing To Pay $175 Million Deficit

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City of Oakland

Oakland (Special to ZennieReport.com) – The City of Oakland is facing a giant $175 million budget deficit. The reason for the outcome was the Pandemic-driven downturn in revenue from property taxes. The reality ran counter to a rosy projection of funds from the same source in 2022. But here Oakland is, and can’t afford to … Read more