To pay old pension debt, Oakland weighs bet on future

Charlie Mintz — Wed, 20 Jun 2012 23:34:53 +0000

In a recent press conference, Mayor Jean Quan touted Oakland's balanced budget.

“I’m pleased to say that today we are not making any major cuts to any program,” she said. “We are not laying anybody off. In fact we are making a few modest increases.”

Police and Fire Retirement System

To pay old pension debt, Oakland weighs bet on future