Wednesday, June 10, 2009

Is Oakland Bankrupt?

"no money no honey" was the principal image that came up when I did a google search for images about "no money": is that the future of Oakland? I first heard via neighborhood email groups discussion about this possibility last week. Between the expenses of police staffing and basic city government agencies the city will have supposedly committed more money than it expects to generate. Yikes!

I doubt that the Governator will come down and help us, or allow the city to raid the Sacramento coffers to balance our budget. FORUM did a show on this topic this morning with a well-balanced and wise roundtable. You can listen to it online HERE. A Better Oakland did a blog post on this today as well: "What would bankruptcy mean for Oakland?" There was also an article in yesterday's Chronicle: "Oakland unlikely to file for bankruptcy"

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