Rebecca Kaplan’s undocumented special revenue project; city set to forgive $8 million housing loans; Lake Merritt project could be delayed by late bonds; Flock contract up for debate - Agenda Watch
This city is a literal joke. As a corporate finance professional and CFA charterholder, I would be utterly ashamed and embarrassed to have my name connected to the word salad put out by Bradley Johnson, where he combines sales tax, opex and other vendor payments in the $142.90mm balance decrease as opposed to discussing their individual impact. It's combined that way intentionally so as to lead the taxpayers uninformed and is thus not an acceptable disclosure.
So much of what the city does like not having adequate budgetary disclosures and not providing details of official meetings is meant to leave the taxpayers either uninformed or misinformed.
Hi PoliSportsGuy, thank you for your comment. We would like to publish your comment in our next Letters to the Editor column. Thank you for reading Oakland Report.
RE: the trouble the City is having selling bonds for Complete Streets, how much of this is due to a low credit rating? Is the City a riskier bet for bond issuers due to well-publicised fiscal mismanagement? Which would include a $300M-to $700M bill coming due for judgment over the marine terminal (attempted coal shipping ban)?
This city is a literal joke. As a corporate finance professional and CFA charterholder, I would be utterly ashamed and embarrassed to have my name connected to the word salad put out by Bradley Johnson, where he combines sales tax, opex and other vendor payments in the $142.90mm balance decrease as opposed to discussing their individual impact. It's combined that way intentionally so as to lead the taxpayers uninformed and is thus not an acceptable disclosure.
So much of what the city does like not having adequate budgetary disclosures and not providing details of official meetings is meant to leave the taxpayers either uninformed or misinformed.
Hi PoliSportsGuy, thank you for your comment. We would like to publish your comment in our next Letters to the Editor column. Thank you for reading Oakland Report.
Sample: https://www.oaklandreport.org/p/20251119-letters-to-the-editor
RE: the trouble the City is having selling bonds for Complete Streets, how much of this is due to a low credit rating? Is the City a riskier bet for bond issuers due to well-publicised fiscal mismanagement? Which would include a $300M-to $700M bill coming due for judgment over the marine terminal (attempted coal shipping ban)?
Hi Tom, great questions. See our recent article on the subject: https://www.oaklandreport.org/p/oakland-cant-sell-infrastructure
Yes that story got me thinking about it and then the news about the coal terminal came out. Seems like a downward spiral.