Agenda Item
3 24-0156 Subject: FY 2023-24 Second Quarter (Q2) Revenue And Expenditures (R&E) Report
From: Finance Department
Recommendation: Receive An Informational Report On Fiscal Year (FY) 2023-24 Second Quarter (Q2) Revenue And Expenditure (R&E) Results And Year-End Projections For The General Purpose Fund (GPF, 1010), And Select Funds
The magnitude of the budget problems facing Oakland requires action now! The Council cannot dawdle and ask for more reports. You have 15 months to spread out needed cuts. If you wait until midcycle you will only have 12 months. Layoffs seem inevitable and you need to engage the city unions now to help solve this problem. Take this to the full Council for discussion and action soon. Ask the Administration to bring the recommended actions to your next Council meeting.