Redevelopment Updates
The California Supreme Court’s December 29th decision regarding the elimination of Redevelopment Agencies statewide will have a devastating impact on the City of Oakland. Redevelopment programs have improved the livability of Oakland’s neighborhoods and reduced blight.
The Proposed Amended Policy Budget, released on Monday, January 23, 2012, balances the City of Oakland’s budget following the loss of the Redevelopment funding. This loss creates a potential annual budget gap of about $28 million.
Per a California Supreme Court ruling, dissolution of the Oakland Redevelopment Agency and all other Redevelopment Agencies statewide must occur by February 1, 2012.
The following documents will provide an overview of the proposed changes to stabilize the City organization, plan for the future, and provide service within our limited resources.
- Proposed Amended Policy Budget FY 2011-2013 (Released January 23, 2012)
- Supplemental Report in response to City Council questions posed at the January 25, 2012 Special Budget Meeting
- Parking Reorganization Cost and Efficiency Benefits
- Proposed Amended Policy Budget Fact Sheet for FY 2012-13
- Proposed Amended Policy Budget--Powerpoint Presentation
- Proposed Budget FTE/Position Impact
- Proposed Amended Policy Budget Organization Chart FY 2012-13
For additional information about the City of Oakland's budget, visit the Budget Office page.
Enforceable Obligation Payment Schedule
Under the dissolution law, redevelopment agencies are required to adopt an Enforceable Obligations Payment Schedule listing its enforceable obligations and month-by-month payment obligations. The schedule is a roster of Redevelopment Agency obligations currently in effect including bond payments, repayment of loans borrowed by the Agency, employee pension obligations, construction and consulting contracts, grants made through the Façade, Tenant, Basement Backfill and Neighborhood Project Initiative programs and other obligations to third parties.
- First Amended and Restated Enforceable Obligation Schedule
- Enforceable Obligation Payment Schedule--PowerPoint Presentation
California Supreme Court Decision
Press Releases
- Clarification of News Reports about the Release Today of a Revised Budget -- January 27, 2012
- City of Oakland Releases Amended Budget Proposal for FY 2011-13 in Response to Redevelopment Agency Elimination -- January 23, 2012
- City Issues 2,500 Layoff Notices to Comply with February 1 Supreme Court Deadline to Dissolve Redevelopment Agencies Statewide -- January 18, 2012
- City of Oakland Addresses Impacts Related to Elimination of Redevelopment Agencies Statewide -- January 12, 2012
Implementation Timeline
| January 18 | City issues layoff notices citywide to provide 10-day notice |
| January 23 | Mayor and City Administrator submit budget-balancing proposal to City Council |
| January 25 | City Council presented with budget-balancing proposal |
| January 31 | City Council considers proposal and approves a balanced budget |
| February 1 | Redevelopment Agency dissolved; all assets and close-out activities transferred to Successor Agency |
| February 3 | Layoffs take effect |
| February 6 | Begin implementation of Adopted Policy Budget for FY 2011-13 |
| May 1 | Deadline for Oversight Board to be established |
