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Agenda Item

3.18 22-0382 Subject: Emerald New Deal Healing And Reparations Fund From: Councilmember Taylor Recommendation: Adopt A Resolution 1) On The City Council's Own Motion Submitting To The Voters At the November 8, 2022 Election, A Proposed Ordinance Amending The Oakland Municipal Code To (A) Establish The "Emerald New Deal Fund", A Fund Of The City Of Oakland, To Provide Community And Economic Development Services And/Or Programs That Address The Racially Inequitable Impacts Of The War On Drugs On Individuals, Families, And Communities In Our City; (B) Deposit The Revenue Of The Cannabis Business Tax Into The Hereby Established "Emerald New Deal Fund"; And (C) Establish An "Emerald New Deal Fund Oversight Commission" As A Commission Of The City Of Oakland To Recommend Strategic Investments Of The Emerald New Deal Fund; And 2) Directing The City Clerk To Take All Actions Necessary Under Law To Prepare For And Conduct The November 8, 2022 Election; On The May 26, 2022 Rules And Legislation Committee Agenda