'Oakland's fiscal health is at significant risk': City triggers contingency budget, cuts underway
Oakland faces an $80 million budget deficit necessitating significant cuts to city services, with emergency services potentially impacted.
Relying on Oakland Coliseum sale could have 'catastrophic' outcome, advisor warned in June
Oakland's reliance on the Coliseum sale to cover a $177 million deficit has raised significant concerns about potential fiscal disaster if the deal fails.