Staring down budget cuts, Long Beach says California is taking too large a cut of its oil revenue

An answer to Long Beach’s ongoing budget woes may be buried under dust in Sacramento.

The Long Beach City Council is in a mad dash to bring the state to the negotiating table over a decades-old contract that establishes the revenue split from the Wilmington Oil Field in and around the coastline, saying the current agreement has been a cash gusher for the state.

City officials say time is of the essence, as the legislative cycle ends in two weeks and any items not brought forward could be tabled until at least January…

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