Thursday Must Read

Stories you shouldn’t miss:

1. The City of Oakland is seriously considering laying off 180 police officers to bridge a $42 million budget gap, the Chron and Trib report. The city also is hamstrung by Measure Y, because it requires that Oakland lay off 67 cops funded by the voter-approved initiative before laying off any regular officers. It should be interesting to see if the police officers’ union will agree to more compensation concessions rather than watch fellow cops lose their jobs.

2. The City of Richmond, meanwhile, should avoid layoffs this year because of the settlement agreement with Chevron, the CoCo Times reports. Under the agreement, the oil giant will pay the city $10 million more this year in taxes than previously scheduled.

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