Report warning major city is plunging into bankruptcy is mysteriously DELETED on the same day its released

New Photo - Report warning major city is plunging into bankruptcy is mysteriously DELETED on the same day its released

Report warning major city is plunging into bankruptcy is mysteriously DELETED on the same day its released


Oakland city officials mysteriously published then deleted an alarming public report warning the California city is facing bankruptcy. On November 8, Oakland's Finance Director Erin Roseman authored the city's 2024/25 fiscal year report, alerting officials that their reckless spending was leading to a 'Chapter 9 process', which comes after a bankruptcy declaration. The report noted that Oakland was running at a 12.3 percent operating shortfall, and said 'failure to take dramatic and immediate steps to reduce expenditures will almost certainly result in insolvency.
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