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Oakland, Financial Timeline Saturday, August 16     Author
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Wachovia Faces Questions Over Lending

World News
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        Bay Area
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                    Financial

                        2007 (1)
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                        2004 (2)
                        2003 (3)
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                        2001 (2)

                           Oakland City Hall (6)

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Bank Facing Questions Over Lending
May.29
  Many of World Savings (bought by Wachovia mid-2006) loans were made in some of Oakland's low-income minority neighborhoods
May.20
  Some housing advocates are complaining about the way World Savings sold many of its loans during the housing boom

year 2007 Top ^

May.3 Dellums released $2 billion budget
  Oakland City Hall: The budget for 2 years continues current funding levels for most existing programs

year 2005 Top ^

May.7 Proposed budget of $2 billion for 2 years  Oakland City Hall: Mayor Brown and City Administrator Edgerly have released a proposed budget that calls for eliminating 164 jobs

year 2004 Top ^

Bay Area Might Be Stuck with Bridge Bill Jun.19 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

year 2003 Top ^

Jun.19 $840 million city budget passes  Oakland City Hall: City Council unanimously approved a city budget. Most unions have tentatively agreed to salary reductions Mar.28 $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 Jan.14 Mayor warns of budget cuts
  Oakland City Hall: In his State of the City Brown warned that belt-tightening begin with immediate cuts in overtime spending

year 2002 Top ^

Nov.10 School district to get $50 million advance  A cash advance from the county to help the School District pay its teachers will likely be approved this week Oct.22 School District has $35.5 million deficit  The irregularities came to light as the district was switching to a new financial management software system Oct.16 Financial expert to handle schools budget  The county has appointed a state financial expert after accounting discrepancies revealed missing millions WorldCom in accounting trouble, cut jobs Jan.16 Budget deficit of up to $17 million  Oakland City Hall: Mayor Jerry Brown is confident that the city is still on the upswing

year 2001 Top ^

Oct.3 Predatory lending banned  Oakland City Hall: City Council has adopted an ordinance to keep shady lenders from exploiting borrowers with exorbitant interest rates Jun.19 2-year budget  City Council is expected to approve a $1.63 billion, budget that would boost youth programs



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