Oakland’s current $85 million budget shortfall could soon balloon to $100 million, raising the prospect of devastating service cuts and leading city officials to privately discuss the prospect of bankruptcy. But City Council members are now backing away from the ‘b-word,’ saying such a discussion would be premature. As part of our “Facing Hard Times” series on the Northern California economy, we examine Oakland’s budget crisis.
Guests:
Jean Quan, Oakland City Councilmember and chair of the Finance and Management Committee
David Gamage, assistant professor of law at UC Berkeley
Chip Johnson, columnist for the San Francisco Chronicle
Ignacio De La Fuente, president of the Oakland City Council
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