…the Oakland City Council
has discussed filing for bankruptcy protection
in the midst of a $100 million budget deficit
Consider the city's cash position
Out of next year's general fund of approximately $415 million
police costs are estimated at $212 million
fire protection service $103 million
and $41 million in debt service payments
That leaves about $60 million to pay for everything else
from library services to recreation centers to public works
It is faced with three choices
drastic pay reductions across the board
including police and fire services
massive layoffs
or bankruptcy
Budget woes have Oakland mulling bankruptcy
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