Wednesday Must Read

Stories you shouldn’t miss:

1. The Richmond City Council approved a settlement deal with Chevron last night that will increase the amount of taxes paid by the oil giant each year, the CoCo Times reports. The agreement requires the city to drop plans for a November ballot measure that would have forced Chevron to pay even higher taxes. Council members agreed to the deal because the oil company planned to put its own measure on the ballot that would have kept its taxes low and lowered other local taxes, potentially costing the city millions.

2. It’s unusual for a US Attorney General to visit Oakland, but Eric Holder made an appearance at Youth Uprising in East Oakland yesterday to talk about ways to combat youth and gang violence, the CoCo Times and Chron report. Mayor Ron Dellums and Police Chief Anthony Batts also were on hand. Holder also praised the city’s proposal for a gang injunction in North Oakland.

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