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OCII approves $640.7 million FY2019–20 budget, reallocates funds to parks
Summary
The Commission approved the OCII FY2019–20 budget of $640.7 million, a 14% decrease year‑over‑year driven by loan paydowns and bond issuance timing; staff reported a $400,000 net reduction and reallocated $3.4 million from a streetscape project to parks.
The Commission on Community Investment and Infrastructure voted May 7 to approve OCII’s FY2019–20 budget and to authorize the executive director to submit the budget and interim budget to the mayor’s office and the Board of Supervisors.
Staff presented the action item as a continuation of an April workshop. Mina Yoo, financial reporting and management analyst for OCII, said the total proposed budget is $640,700,000, a 14% decrease…
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