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OCII holds FY2014–15 budget workshop, reviews administration, debt service and asset-management plans
Summary
OCII staff presented a second budget workshop covering administration, debt service and asset management across project areas; administration expenses were projected near $12.1 million with salaries and benefits a major line, and staff outlined asset transfers and disposition work for Yerba Buena Gardens, Moscone North, Shoreview Park, and other properties.
The Commission on Community Investment and Infrastructure received a high-level overview of the agency’s FY2014–15 administration, debt service and asset-management budgets during a budget workshop on April 15.
Deputy Director Leo Levinson said the administration budget is approximately $12.1 million, with about $7.3 million budgeted for salaries and benefits. He said about $3.9 million is expected from property tax increment (including a $2.9 million administrative cost allowance) and…
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