Oakland’s new budget bets on Coliseum sale, avoids drastic cuts

OAKLAND — To patch up a financial crisis likened by some officials to the Great Recession, Oakland’s leaders on Tuesday approved budget changes that will avoid drastic cuts but also rely on the still-pending sale of the city’s most valuable real estate property. The heavily contested, 5-3 decision by the City Council resolves, for now, … Read more

China’s local governments shut down social media accounts as budgets shrink

Dozens of cities in the provinces of Guangdong, Sichuan, Yunnan, Hunan, Shaanxi, Shandong and Jiangsu, as well as Guangxi Zhuang autonomous region, have announced plans so far this year to cut back on government department websites, social media accounts and smartphone applications, research by the Post shows. One of the latest to do so was … Read more

Newsom eyes $1 billion in cuts to affordable housing programs

With a $27 billion shortfall looming over the state, Gov. Gavin Newsom is eyeing a total of $1 billion in cuts to several housing programs aimed at financing and preserving existing affordable housing. “There are components of our housing strategy where we are making adjustments, but the core mission remains firm,” Newsom said during a … Read more

10 Years of PM Narendra Modi-led NDA Vs Sonia Gandhi-led UPA in Union Budgets

Last Updated: February 01, 2024, 15:21 IST Prime Minister Narendra Modi has led the govt from 2014-24, while Sonia Gandhi-led UPA was in power from 2005 to 2014. (PTI File) As the PM Modi-led National Democratic Alliance (NDA) completes 10 years, a look at how the budgets in the Bharatiya Janata Party-led regime were different … Read more