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OCII approves $536.8 million interim FY2017–18 budget; staff flags $690,000 state funding denial
Summary
The Successor Agency Commission approved an interim FY2017–18 budget to send to the mayor’s office, while staff warned the Department of Finance declined to allow $690,000 in property-tax funding, forcing conservative assumptions and potential programmatic shifts.
The Successor Agency Commission to the San Francisco Redevelopment Agency voted 4–0, with one absence, on May 2 to approve an interim FY2017–18 budget and authorize staff to submit it to the mayor’s budget office for review. Commissioner Singh moved to approve the resolution; Commissioner Rosales seconded. Commissioners Pimentel, Rosales, Singh and Madam Chair Mondejar voted yes; Vice Chair Bustos was absent.
Brie Mahorter, deputy director of finance and administration for OCII, said the proposed total budget is $536,800,000 and…
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