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Council approves successor-agency ROPS 25‑26 requesting ~$48M for FY25–26
Summary
City staff presented the nineteenth Recognized Obligation Payment Schedule (ROPS 25‑26) requesting about $48 million for fiscal year 2025–26; council approved the staff recommendation unanimously and noted the schedule still requires County Oversight Board and State Department of Finance review.
City Council on Jan. 13 approved the nineteenth Recognized Obligation Payment Schedule (ROPS 25‑26) and an associated admin budget that staff said requests approximately $48,000,000 for the period July 2025–June 2026.
Leonardo Alarcon, successor agency coordinator in the Economic Development Department, told the council the draft ROPS relies on multiple funding sources,…
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