OAKLAND - Oakland City Councilmember Janani Ramachandran (District 4) voted against passage of the City’s mid-cycle budget, which the Oakland City Council approved today by a 5-3 vote. This budget was balanced in part through the inclusion of anticipated proceeds from the sale of the Oakland Coliseum to the African American Sports & Entertainment Group (AASEG) despite the deal not yet being finalized and a Land Sale Agreement not yet being executed – a decision Councilmember Ramachandran believes could be devastating to Oakland’s future fiscal stability.
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