CalPERS recovers from tariff plunge and notches a big investment gain
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The CalPERS gained 11.6% on in its investments over the past financial year, eclipsing its target of 6.8%.
Crime & Safety
California task force seizes over $19 million in illegal cannabis products across East Bay
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The legal cannabis market in California saw $350 million in sales in November, or about $4 billion per year.Oakland
Taxing their patience: AlCo treasury sorry for confusion over where to send property taxes
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Residents can send payments to either SF PO box or Oakland address, and can also pay online, the treasury's preferred method to receive the payments.business
Richmond, Chevron reach $550M compromise that puts brakes on November tax measure
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Chevron offered to pay $300 million over 10 years, which they increased to $550 million if the city dropped the ballot measure.budget
Oakland approves budget using one-time funds from $105M sale of Oakland Coliseum
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The 3-2 Oakland City Council vote staves off painful service and program cuts for at least another year.Elections
High court blocks anti-tax measure from California ballot
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Opponents of the measure argued it would have illegally revised the state constitution, and, if adopted, would radically change how California government works.Elections
PUSD approves parcel tax increase, considers another
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Recent community survey indicates voter support for increase in Measure H.Featured in Category
Oakland’s budget balancing act: Mayor seeks consolidations, hiring freeze to save millions
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The end of federal COVID-19 pandemic relief funding, and sagging real estate sales tax income and hotel occupancy taxes have contributed to the budget shortfall.Oakland
‘A failure of government’: Labor group says Oakland owed millions in uncollected taxes
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With Oakland facing a potential budget shortfall of roughly $177 million, the $34 million in owed revenue could prevent cuts.budget
Big cuts, no new taxes: Gov. Newsom unveils his plan to mend California’s budget deficit
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Tough love: more than $30 billion in ongoing and one-time spending cuts, including to education and climate objectives.Business & Finance
