Oakland Council approves budget, housing and tax measures
At a glance
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Oakland Council approved a slate of major actions, including a voter measure that could raise about $4 million to $13 million a year by changing the real property transfer tax, a 2026/27 housing and homelessness funding plan with up to $14,674,799.07 in HUD grants, and a $200 million short-term borrowing plan for the coming fiscal year.
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What this means
The Council backed several money-related and housing-related actions that affect city services and future spending. It approved the annual HUD housing plan, which includes funding for programs such as shelter, housing assistance, and homelessness services. It also moved forward a ballot measure for voters that would change the real property transfer tax and could generate several million dollars a year for homelessness-related services. Separately, the Council approved short-term borrowing of up to $200 million to help cover city cash flow in fiscal year 2026-27.
Key decisions
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- Confirmed Elizabeth Lake as interim City Administrator.
- Received an AC Transit budget and service update.
- Approved a ballot measure to change the real property transfer tax foreclosure exception and direct the measure to voters.
- Adopted the Leona Quarry GHAD annual budget for fiscal year 2026/27 and suspended the assessment levy for that year.
- Adopted the Oakland Area GHAD annual budget for fiscal year 2026/27.
- Approved the 2026/2027 Annual Action Plan and accepted up to $14,674,799.07 in HUD grant funds.
- Confirmed delinquent business tax liens and delinquent real property transfer tax liens for collection.
- Adopted the mandatory delinquent trash fees assessments for 2025-2026.
- Received the General Plan Update Phase 2 draft land use framework without taking further action.
- Adopted a resolution for FY 2026-27 tax and revenue anticipation notes of up to $200 million.
- Approved the temporary closure of 9th, 10th, and 11th avenues between International Boulevard and 15th Street for six months to address sex trafficking-related activity.
- Moved the 2026 miscellaneous planning code amendments forward on introduction for final passage on July 21, 2026.
- Adopted or advanced multiple consent items, including the bike share franchise amendment, Oakland Ice Center lease and capital project, OFCY grant awards, sanctuary city ordinance, and several contracts and appointments.
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