Oakland FY 2026-27 Midcycle Budget Adjustments and Emergency Waivers

Original title: Subject: FY 2026-27 Execution Of Maintenance Of Effort Waivers And Use Of One-Time Revenues To Balance The Midcycle Budget From: Finance Department Recommendation: Adopt A Resolution: (1) Authorizing The Use Of One-Time Revenues To Balance The Fiscal Year 2026-27 Midcycle Budget Pursuant To Section 1, Part D Of The City Of Oakland Consolidated Fiscal Policy (2) Declaring A State Of Extreme Fiscal Necessity And The Existence Of A Severe And Unanticipated Financial Event That Has Adversely Impacted The General Purpose Fund Such That The City Is Unable To Budget At The Required Minimum Number Of 700 Sworn Police Personnel Pursuant To “The Oakland Community Violence And Emergency Response Act Of 2024” (Measure NN) (3) Declaring A State Of Extreme Fiscal Necessity, To Provide For The Temporary Suspension Of The ‘Park Maintenance’ Maintenance Of Effort Requirements, Pursuant To The 2020 Oakland Parks And Recreation Preservation, Litter Reduction, And Homelessness Support Act (Measure Q) (4) Declaring A State Of Extreme Fiscal Necessity For The Midcycle Budget, Allowing For The Minimum Budget Set-Aside For Public Campaign Financing To Be Suspended, Pursuant To The Oakland Fair Elections Act (5) Declaring A State Of Extreme Fiscal Necessity For The Midcycle Budget, And Temporarily Suspending 1) The Requirement To Consider Advisory Board Recommendations Prior To Appropriating Sugar-Sweetened Beverage Tax Revenue (6) Declaring A State Of Extreme Fiscal Necessity For The Midcycle Budget, Authorizing The Use Of Funds Deposited Into The Affordable Housing Trust Fund (Fund 1870) To Balance The Fiscal Years 2026-27 Midcycle Budget (7) Establishing The Intention Of The City Council To Prioritize Restoration Of Services To Meet The Maintenance Of Effort Requirements