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OCII budget workshop: administrative cap, retiree funding and DOF disallowance shape FY2017–18 operations plan
Summary
At an April 18 workshop the San Francisco Commission on Community Investment and Infrastructure heard staff outline FY2017–18 operations and debt-service proposals, including an ACA cap of about $3.6 million, $15.2 million in operating costs, a $113 million debt-service budget and a Department of Finance disallowance of roughly $600,000 for property-management work.
The Commission on Community Investment and Infrastructure on April 18 reviewed the agency’s FY2017–18 operations and debt-service budgets and heard staff describe limits on how much property tax increment the agency can use for administration and operations.
Deputy Director of Finance and Administration Bree Mahorter told commissioners the workshop focused on operations and debt service and builds on project-area budget discussions held April 4. She said the agency must present a five‑year property‑tax draw to the mayor’s budget office and controller so the city can integrate OCII figures into the city’s five‑year financial plan.
Mahorter summarized the agency’s constrained budget picture: retirement benefits, existing debt‑service obligations and project pledges (including Mission Bay and Transbay/TJPA pledges) are…
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