The state and our fair city have their share of budget woes, but Oakland is now considering pulling a Vallejo and filing for bankruptcy in the face of $100 million budget deficit in the coming year. Council member Ignacio De La Fuente told Chip Johnson that yes, shit has actually gotten that bad and they're taking into consideration. Oakland's troubles probably largely stem from property tax reassessments (with home value changes a bit more dramatic than in San Francisco County) and a lot of bad budgeting that occurred while the markets were still high. Just last month we heard of Mayor Dellums' proposal to lay off 140 of Oakland's 803 police officers in order to meet the budget shortfall -- which must not have gone over so well. Still no word on that federal grant...