May 17, 2025

East Bay

Finance

Oakland finance director resigns; mayor delays release of budget

OAKLAND — Oakland’s interim mayor is delaying the release of a deeply consequential, two-year budget proposal that had been expected to detail how the city would balance a looming $265 million budget shortfall. The move by Interim Mayor Kevin Jenkins comes just two weeks after Oakland’s top finance official quietly resigned from the job she’s

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Funds

Sheng Thao considered using Oakland’s funds to hire consultant her campaign owed

OAKLAND — Nearly six months after Sheng Thao took office, she still owed tens of thousands of dollars to the campaign manager who had helped deliver her a victory. Long-established state law prohibits politicians from using public funds to finance election campaigns, but in newly released records, Thao’s top staffer said her boss had considered

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Funds

Chevron funds to potentially pay off millions in Richmond pension debt – The Mercury News

In what officials say would be a financially responsible move, the city may use a portion of a $550 million payout from Chevron to settle some of its unfunded pension liabilities. An annual $50 million payment from the Chevron Richmond Refinery will flow into Richmond’s general fund for the next 10 years as part of

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