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TIDA presents $41.7M FY27 spending proposal; board questions staffing, subsidies and park funding
Summary
TIDA staff presented a two‑year draft budget proposing about $41.7 million in FY27 across authority, city cost and subsidy budgets; commissioners asked for clarifications on staffing fills, revenue handling for events, developer housing subsidy draws, TIMA transit funding and legacy park maintenance.
TIDA finance manager Jamie Corubin presented a draft two‑year budget on Jan. 9 that proposes approximately $41.7 million in spending for fiscal year 2027, composed of an authority cost budget (~$18.0M), city cost (~$6.675M) and a subsidy budget (~$17.0M).
Corubin told the board that the FY27 authority cost increase reflects a one‑time $3 million grant awarded through the Bay Area Housing Finance Authority priority sites program and other cost drivers including COLA adjustments, increased maintenance contracts and utility costs. He said commercial and residential leasing revenues are projected to…
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