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North East Bay, Financial Timeline Monday, October 6     Author
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Wachovia Faces Questions Over Lending  Some housing advocates are complaining about the way World Savings sold many of its loans during the housing boom City mgr: Vallejo should file for bankruptcy  City Manager Joseph Tanner is advising the City Council to declare bankruptcy next week to deal with a worsening budget crisis Residents Pack Meeting On City's Finances
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   Oakland (14)    Orinda Moraga Lafayette    West Contra Costa    Berkeley    Richmond    East Oakland    Oakland City Hall (6)
North East Bay on Wikipedia North East Bay on Web North East Bay Books Real Estate 		Bank Facing Questions Over Lending

May 2008 ... more > Top ^

May.29   Oakland
  Many of World Savings (bought by Wachovia mid-2006) loans were made in some of Oakland's low-income minority neighborhoods
May.20   Oakland
May.3   Vallejo

February 2008 ... more > Top ^

Feb.21   Vallejo
  Residents packed a town hall meeting to discuss the city's struggles with a growing deficit that has it on the brink of declaring bankruptcy
Feb.19   Vallejo City Budget Woes May Force Bankruptcy
  City Council met in closed session with the city's employees' organizations to try to find a solution to the city's budget crisis

January 2008 ... more > Top ^

Jan.16   Oakland City Hall Bill Clinton calls for foreclosure aid in city
  Former President said that the feds needs to help cities bail out homeowners facing foreclosure before the economy unravels from a mortgage crisis
Jan.8   Berkeley Upset about loan attacks bank employees  25-year-old is in custody after he ransacked a bank and attacked its employees with a knife when he grew upset about his student loan

year 2007 Top ^

May.4   Oakland Feds To Pay For MacArthur Maze Repairs  Sen. Boxer visited the site to assure Bay Area commuters the money is there May.3   Oakland City Hall Dellums released $2 billion budget  The budget for 2 years continues current funding levels for most existing programs Apr.25   Oakland Oakland ranks 22nd in foreclosures
  Of the country's top 100 metropolitan areas, Oakland is 22; San Jose is 59th; San Francisco is number 78

year 2006 Top ^

Jun.29   Berkeley Balanced $292 Million Budget Approved  The first time in 4 years that the city has been able to balance its budget without cuts in services or personnel

year 2005 Top ^

Jun.4   Richmond $103 million general fund city budget  Mayor Irma L. Anderson has released a budget for fiscal 2006, which is a 3% increase over the previous fiscal year May.7   Oakland City Hall Proposed budget of $2 billion for 2 years  Mayor Brown and City Administrator Edgerly have released a proposed budget that calls for eliminating 164 jobs Apr.28   BART BART Budget Problems  BART officials say a faltering economy, decreased ridership and employee benefits have left with a $30 million deficit

year 2004 Top ^

Jun.19   Oakland Audit finds schools deeply in debt to state  City public schools may be forced to repay $163 million to state and feds because it didn't keep proper financial records Jun.16   Vallejo City Council passed $73.3 million budget  The 2004-05 budget includes concessions and deferred pay raises by the 4 unions representing city employees Mar.4   Richmond City has a $35 million budget deficit  The city started the fiscal year with a $8.3 million General Fund deficit, overspent by $6 million

year 2003 Top ^

Dec.18   Berkeley City: $4.9 million in cuts to balance  The City Council backed away from plans to make cuts in important fire services Jun.19   Oakland City Hall $840 million city budget passes  City Council unanimously approved a city budget. Most unions have tentatively agreed to salary reductions Mar.28   Oakland $100 million loan asked for school district  The school board has approved a motion to ask the state for a loan to keep the district out of bankruptcy Mar.10   Richmond District has $12 million budget shortfall  Public school teachers may have to take a two-day unpaid furlough next school year

year 2002 Top ^





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