News from: City of Oakland FOR IMMEDIATE RELEASE
June 30, 2017
City of Oakland Passes $2.7 Billion Budget
Two-Year Budget Makes Major Investments in Addressing Homeless Crisis, Improving Infrastructure, and Preserving and Acquiring Affordable Housing
Oakland, CA – On Thursday night the Oakland City Council passed a $2.7 billion two-year budget for fiscal years 2017-2019. This budget includes major investments in supportive services for the City’s unsheltered residents, infrastructure improvements, and affordable housing, while closing an estimated $32.5 million funding gap.
“A City budget reflects a community’s core priorities and shared values,” Council President Larry Reid said. “This budget makes strategic investments where our residents most need them. We are trying to keep our communities healthy and whole in the face of crises around homicides, homelessness and blight.”
Key highlights of the final adopted budget include:
Provides resources for a second Navigation Center similar to the Henry
Provides additional resources for on-site health and hygiene services, and to help unsheltered residents transition into permanent housing.
$55 million in Measure KK funds to preserve and acquire affordable housing.