
Budget Crisis Patched with Coliseum Sale: AASEG Promises Transformative East Oakland Community-Focused Project, But Even with Sale and Freezes, Structural Issues Remain
In every biennial budget, the revenues and expenditures for two consecutive fiscal years are passed as a single biennial budget. Changes must always be made to the baseline estimates for the second year of the budget through the mid-cycle process because projected revenues and expenditures usually shift and change as