The Oakland City Council has held its collective nose and voted to approve a budget that, while avoiding layoffs, also didn’t solve the city’s on-going fiscal morass.
The 5-3 vote codifies a proposal by Mayor Shang Thao, with some amendments from councilmembers, to use $63 million from the anticipated $105 million sale of the city’s ownership stake in the Oakland Coliseum to help close an estimated $117 million shortfall.
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