-- Oakland Mayor Ron Dellums said Tuesday that the city's dire financial predicament will only get worse over the next few years, necessitating a combination of cost cutting and raising taxes. Posted on 12/24/2008 11:19:05 AM PST by SmithL
Oakland -- Oakland Mayor Ron Dellums said Tuesday that the city's dire financial predicament will only get worse over the next few years, necessitating a combination of cost cutting and raising taxes.
Cities around the Bay Area and the nation are facing deficits due to rising costs of public services, lax monitoring of spending, a downturn in tax revenues and overly optimistic revenue projections. Oakland is no exception.
Dellums said the city's deficit, which was $42 million this year, could balloon by 2012 to nearly $113 million, with revenues that year projected to be $456 million and expenditures at $569 million.
The jump in expenditures in 2012 is due largely to a mandatory increase in the city's contributions toward city employee retirement benefits and the implementation of Measure OO, the initiative voters approved in November that requires that the city increase the money from the general fund set aside for after-school and other youth programs.
The city has relied heavily upon property transfer taxes, which have dwindled with the mortgage meltdown, officials said. Retail sales taxes are floundering, while the costs of providing police and fire service and maintaining parks and other basic city services are rising.
(Excerpt) Read more at sfgate.com ...
Nothing to worry about Red, Pelosi will come through with your bailout.
This is what happens when liberals/socialists are in charge!
Ron “Sportin’Life” Dellums!
I was reviewing a list of employers in San Francisco last year, the fed, the state, and the city/county were the top three.
For a city with a population of less than 500,000?
Wow. Just wow.
L
Anti-American, pro-Castro Commie Dellums, I thought he died.
Kalifornia will be getting the REST of the country to donate to their Utopian debt via bailout funds of taxpayer dollars....Pelousy will make sure of it.
Why not just raise taxes on the rich? That always works, doesn’t it?
One difference between Oakland and Detroit?
Football team is inconceivably bad. Not different
Nobody wants to live there. Not different
Socialist mayor is already in jail. Just barely.
The solution is obvious.
After the W.J. Clinton Foundation gets through buying Hillary’s email list with funny money from foreign countries, it can buy Oakland.
The only time I have been to Oakland since 1964 was taking the bus from the Oakland airport to the Bart station to SF. The scene was out of the movie “I Am Legion”. We literally caught the bus back to the airport and decided our next day trip to SF would land at the SF airport.
Oakland is just half a notch above Detroit.
(rhetorical) And how long has Oakland been run by socialists/communists, Mr. Mayor?
Let me guess....AFSCME?
Like many others on here, I’m sure, I was wondering where that communist bastard went. Hey, commie Ron — when the takers outnumber the givers, the whole deal implodes; you know that, don’t ya? But for the meantime, why don’t you just print up some “Oakland Bucks” for people to spend. Government gets to do that, right? — in your communist way of thinking about justice and all that? Idiot. Welcome to reality.
Oakland needs mayor Moonbeam bacy.
“lax monitoring of spending.” Man, where did that come from?
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