#Oakland property taxes have gone up 65% since 2013, just to maintain the basics of declining #infrastructure, public safety and simple city services amidst severe structural #Dumbocrat deficits.
Under indicted Mayor Sheng Tao's leadership, the city suspended voter-mandated restrictions on the use of #BallotMeasure tax money that was originally sold to jilted #voters as only way to maintain minimum #police staffing & funding for #parks and recreation.
The ballooning pension costs and city worker wages have grown 2.5x faster than #inflation and puts $1 of every $4 in unrestricted tax revenues towards public worker #retirement and salary increases. Interest alone on unfunded worker #pensions are expected to cost $1.5B over the next 20 years ...
https://empoweroakland.substack.com/p/the-450m-culprit-behind-oaklands
https://www.oaklandreport.org/p/oakland-employee-compensation-grew
