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OCII workshops recognized obligation payment schedule (ROPS) for Jan–Jun 2014; $87.7M RPTTF request discussed
Summary
Staff briefed the commission on ROPS 13-14b, explaining new DOF RAD app requirements, a draft RPTTF request of $87.7 million and a total ROPS draft of about $289.8 million; staff outlined timelines for oversight-board action and DOF review.
Commission staff presented an informational workshop on the Recognized Obligation Payment Schedule (ROPS) 13-14b, covering the Jan. 1–June 30, 2014 period and the statutory submission timeline.
Sally Orth, deputy director, explained state changes to the ROPS format and a new web-based RAD application that requires numerical data entry in select fields. Orth said the draft ROPS shows a requested Redevelopment Property Tax Trust Fund (RPTTF) total…
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