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Regulators Order Oakland to Return Redevelopment Funds

Oakland Tribune

State regulators have rejected Oakland’s multimillion dollar accounting “gimmick” that helped balance its books two years ago, a move that severely cuts into the city’s rainy day reserve.

http://www.insidebayarea.com/breaking-news/ci_23313253/oakland-ordered-return-millions-redevelopment-fundsRead more...

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