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OCII previews ROPS 2016—17 and budget priorities: debt service, housing and Transbay infrastructure
Summary
OCII presented an expedited Recognized Obligation Payment Schedule (ROPS) for July 2016—206/30/2017 under SB 107, highlighting a $416 million wrap of obligations with debt service about 30% of the total and substantial housing, Mission Bay bond and Transbay infrastructure expenditures; staff will refine the annual budget in spring.
Deputy Director Sally Ors presented a high-level overview of the Recognized Obligation Payment Schedule (ROPS) for fiscal year 2016—2017 (item 5G). Because SB 107 changed ROPS reporting to an annual format and created an accelerated schedule, OCII must transmit a first-pass ROPS to the Oversight Board and Department of Finance by February 1.
Ors said the agency produced an initial ROPS package that aggregates approximately $416 million in uses…
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