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District Leaders Say Schools May Face $15-21 Million in Budget Cuts Next Year

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The Oakland Unified School District (OIUSD) has announced it may cut $15.5 million from its budget for the next school year, signifying there is no end in sight to proposed austerity measures including school closures that state officials have promised would lead eventually to a better day for Oakland students.

“In order to balance the budget for 2020-21, OUSD will have to change how it uses its resources. The (Multi-Year Projection) shows that OUSD needs to reduce expenses and/or increase revenue by at least $15.5 million for next year,” according to a public statement released this week, “First Interim Report: An Important Budget Update.”

Adding in further expenditures for other employee raises, new student laptop computers and a new central kitchen that has long been in the works “brings to approximately $21 million our estimate of how much OUSD needs to reduce expenses and/or increase revenue for 2020-21,” according to the statement.

The Oakland school board will discuss these budget proposals “no later than February,” according to the OUSD statement, and “the board will vote on the reductions soon thereafter.”

Though not mentioned in the district press release, these cuts are unfolding under the guidance of the state operating through the Fiscal Crisis Management and Assistance Team (FCMAT), the Alameda County Office of Education and a state-appointed trustee with veto power under the district’s financial decisions.

Enhanced state authority over the district’s operations, including pressures to close schools, was granted by AB 1840, which was passed last year with the backing of then Gov. Jerry Brown and Oakland’s representatives in the State Legislature. FCMAT itself was involved in the drafting of the legislation.

In its statement, the district blamed its continuing shortfalls on state school funding that does not keep up with the district’s growing expenses.

“While state funding continues to increase, the increases are modest at best and woefully insufficient given how fast our expenses are rising,” the statement said.

“The bottom line is that funding is increasing a little, but our necessary and imposed expenses are continuing to rise faster. In order to balance the budget, will have to–like every year–prioritize how we spend our resources,” according to the statement.

Major local expenses, according to the district, are employee pension costs, which are expected to increase by $3 million next year, as well as teacher and other employee wage increases that were negotiated as a result of the teachers’ strike in February, though “these raises were long overdue.”

District expenses for providing special education are also expected to grow by $2.9 million next year. Operated at a heavy cost to Oakland and other school district, special education programs represent an “unfunded mandate,” which means they are required by law but not covered by state or federal funds.

Not alone in facing financial austerity, the Sacramento Unified School District is currently in the news as it struggles to come to grips with a $27 million deficit. The district is under pressure from FCMAT and the state auditor to cut teachers’ salaries and benefits.

According to a state audit, cited by the Sacramento Bee, the Sacramento school district could save millions of dollars by “cutting salaries by 2 percent, increasing teacher’s contributions to retiree health benefits and capping the district’s payment toward employee health care benefits at 90 percent.”

At present the district pays 100 percent of health costs.

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Oakland Post: Week of February 25 – March 3, 2026

The printed Weekly Edition of the Oakland Post: Week of – February 25 – March 3, 2026

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Chase Oakland Community Center Hosts Alley-Oop Accelerator Building Community and Opportunity for Bay Area Entrepreneurs

Over the past three years, the Alley-Oop Accelerator has helped more than 20 Bay Area businesses grow, connect, and gain meaningful exposure. The program combines hands-on training, mentorship, and community-building to help participants navigate the legal, financial, and marketing challenges of small business ownership.

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Bay Area entrepreneurs attend the Alley-Oop Accelerator, a small business incubation program at Chase Oakland Community Center. Photo by Carla Thomas.
Bay Area entrepreneurs attend the Alley-Oop Accelerator, a small business incubation program at Chase Oakland Community Center. Photo by Carla Thomas.

By Carla Thomas

The Golden State Warriors and Chase bank hosted the third annual Alley-Oop Accelerator this month, an empowering eight-week program designed to help Bay Area entrepreneurs bring their visions for business to life.

The initiative kicked off on Feb. 12 at Chase’s Oakland Community Center on Broadway Street, welcoming 15 small business owners who joined a growing network of local innovators working to strengthen the region’s entrepreneurial ecosystem.

Over the past three years, the Alley-Oop Accelerator has helped more than 20 Bay Area businesses grow, connect, and gain meaningful exposure. The program combines hands-on training, mentorship, and community-building to help participants navigate the legal, financial, and marketing challenges of small business ownership.

At its core, the accelerator is designed to create an ecosystem of collaboration, where local entrepreneurs can learn from one another while accessing the resources of a global financial institution.

“This is our third year in a row working with the Golden State Warriors on the Alley-Oop Accelerator,” said Jaime Garcia, executive director of Chase’s Coaching for Impact team for the West Division. “We’ve already had 20-plus businesses graduate from the program, and we have 15 enrolled this year. The biggest thing about the program is really the community that’s built amongst the business owners — plus the exposure they’re able to get through Chase and the Golden State Warriors.”

According to Garcia, several graduates have gone on to receive vendor contracts with the Warriors and have gained broader recognition through collaborations with JPMorgan Chase.

“A lot of what Chase is trying to do,” Garcia added, “is bring businesses together because what they’ve asked for is an ecosystem, a network where they can connect, grow, and thrive organically.”

This year’s Alley-Oop Accelerator reflects that vision through its comprehensive curriculum and emphasis on practical learning. Participants explore the full spectrum of business essentials including financial management, marketing strategy, and legal compliance, while also preparing for real-world experiences such as pop-up market events.

Each entrepreneur benefits from one-on-one mentoring sessions through Chase’s Coaching for Impact program, which provides complimentary, personalized business consulting.

Garcia described the impact this hands-on approach has had on local small business owners. He recalled one candlemaker, who, after participating in the program, was invited to provide candles as gifts at Chase events.

“We were able to help give that business exposure,” he explained. “But then our team also worked with them on how to access capital to buy inventory and manage operations once those orders started coming in. It’s about preparation. When a hiccup happens, are you ready to handle it?”

The Coaching for Impact initiative, which launched in 2020 in just four cities, has since expanded to 46 nationwide.

“Every business is different,” Garcia said. “That’s why personal coaching matters so much. It’s life-changing.”

Participants in the 2026 program will each receive a $2,500 stipend, funding that Garcia said can make an outsized difference. “It’s amazing what some people can do with just $2,500,” he noted. “It sounds small, but it goes a long way when you have a plan for how to use it.”

For Chase and the Warriors, the Alley-Oop Accelerator represents more than an educational initiative, it’s a pathway to empowerment and economic inclusion. The program continues to foster lasting relationships among the entrepreneurs who, as Garcia put it, “build each other up” through shared growth and opportunity.

“Starting a business is never easy, but with the right support, it becomes possible, and even exhilarating,” said Oscar Lopez, the senior business consultant for Chase in Oakland.

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Oakland Post: Week of February 18 – 24, 2026

The printed Weekly Edition of the Oakland Post: Week of – February 18 – 24, 2026

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