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OCII adopts $685.2 million FY2024–25 budget and approves $48 million in CFD levies
Summary
The commission approved OCII's FY2024'25 budget of about $685.2 million, authorizing submission to the mayor and Board of Supervisors, and separately approved Community Facilities District budgets and special tax levies totaling about $48 million; commissioners discussed funding sources, PTI draws, and capital priorities.
The Office of Community Investment and Infrastructure Commission voted April 16 to approve the agency's fiscal-year 2024–25 budget, totaling approximately $685,200,000, and to authorize the executive director to submit the budget and interim budget to the mayor's office and the Board of Supervisors.
Senior budget and project finance manager Mina Yu summarized OCII's planning process, explaining the agency uses a Recognized Obligation Payment Schedule (ROPS) and prioritizes bond proceeds and other restricted funds before…
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