Before giving a billionaire nearly $1 billion in tax subsidies, a public vote and independent economic analysis are needed.
Oakland City Council members Carroll Fife and Noel Gallo are proposing council actions to ensure Oakland residents have a say in the A’s development proposal for Howard Terminal.
It is not unreasonable — or without precedent — to allow Oakland residents the right to vote on the future of their community and how their tax dollars are spent. What is unprecedented is the mind-boggling amount of public money the A’s are asking from taxpayers to subsidize their massive private real estate development at the working port. This sum of nearly $1 billion could strap the city for decades.
Rather than deciding by themselves on a taxpayer giveaway to billionaire John Fisher, our local elected representatives should join Fife and Gallo in engaging the electorate, bringing the financial facts to light, and then trusting the good people of Oakland to decide.showed that most Oakland voters agree: 76% of voters support putting public funding of the project on the ballot; 85% support providing the public with a full, independent financial analysis of the project before any deal is made.
Norge Siste Nytt, Norge Overskrifter
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