Using financial craftiness and loopholes, the City of Oakland plans to use $2.9 million in state gas tax money to keep its streetlights on and stave off cuts to parks and recreation, reports Katy Grimes at the California Globe. With a total budget of $1.63 billion, the City of Oakland faces a number of financial woes, with the largest being its $2.4 billion obligation to unfunded pension and retiree health benefits.
Click here to read the full article at the California Globe.