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San Diego council approves ROPS 26‑27, requests roughly $37 million to meet successor‑agency obligations
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Summary
The City Council approved the recognized‑obligation payment schedule (ROPS 26‑27) for July 2026–June 2027, requesting approximately $37,000,000 (mostly redevelopment property tax trust funds) to cover bond debt service, CDBG obligations and admin costs; staff will submit ROPS to oversight bodies for state review.
City staff presented the twentieth Recognized Obligation Payment Schedule (ROPS 26‑27) to the council on Jan. 13 and requested authorization to pursue roughly $37 million in funding to meet successor‑agency obligations through June 2027.
"In ROPS 26‑27, we are requesting funding of approximately 37,000,000 with a majority of funding from the redevelopment property trust fund," Leonardo Alarcon, successor agency coordinator in the Economic Development Department, told the council. He said roughly $25 million of that request is to cover bond debt service and about $3 million is for payments to the Community Development Block Grant program; other revenues and reserve balances will fill remaining obligations.
Alarcon explained the statutory submission and review process: the ROPS will go to the countywide oversight board on Jan. 15, must be submitted to the state Department of Finance by Feb. 2, 2026, and the Department of Finance’s determination will be issued in mid‑May. He also noted that SB 107 restored the ability to reinstate certain loan agreements enacted before redevelopment dissolution and that AB 26 governs the wind‑down of redevelopment obligations.
Councilmember Whitburn moved approval of the staff recommendation and the motion was seconded and adopted on a recorded vote. The council approved the ROPS unanimously 7–0 with Councilmembers Moreno and Campillo absent.
Alarcon cautioned that the final fiscal impact depends on potential revisions by the oversight bodies and the state Department of Finance; the actual level of funds the city can use will not be known until the state completes its review. The staff presentation included line‑item summaries for reserve balances, non‑tax increment sources (about $4.3 million identified), and the administrative budget cap tied to a state formula.
Next steps: staff will submit ROPS 26‑27 to the county oversight board Jan. 15 and to the state Department of Finance by Feb. 2, with final allocations determined after state review.
