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OCII presents $641.1M FY 2019–20 budget and work plan; commission questions focus on schedule and program delivery
Summary
OCII staff presented a $641.1 million FY 2019–20 budget and work program covering infrastructure, affordable housing loans, community development grants and operations. Commissioners asked for schedule updates on Candlestick infrastructure, details on bond issuances and housing loan allocations, and implementation plans for workforce and small business programs.
OCII staff on April 16 presented the agency’s fiscal year 2019–20 workshop for a proposed $641.1 million budget and accompanying work plan. The presentation covered infrastructure and non‑housing expenditures ($210M), the housing budget ($288.1M), community development and workforce grants ($2.8M), debt and operations, and next steps for final action on May 7 and submission to the Mayor’s budget office and the Board of Supervisors by June 1.
Mina Yu, OCII financial reporting and management analyst, gave an overview: the total budget reflects a decrease from the prior year ($745M) largely due to spending down prior bond…
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