This resolution approves the interim budget for the Office of Community Investment and Infrastructure for the fiscal year 2025-2026. It allows the agency, which continues the work of the former San Francisco Redevelopment Agency, to operate and fund its programs.
Resolution approving the Fiscal Year (“FY”) 2025-2026 Interim Budget of the Office of Community Investment and Infrastructure, operating as the Successor Agency to the San Francisco Redevelopment Agency.
How it got here
The legislation originated from the need to approve the interim budget for the Office of Community Investment and Infrastructure (OCII), which operates as the Successor Agency to the San Francisco Redevelopment Agency, following state laws and prior board actions.
The Board adopted Ordinance No. 215-12, establishing the Office of Community Investment and Infrastructure (OCII) as the Successor Agency to the San Francisco Redevelopment Agency, following the dissolution of the agency by the state.
The Oversight Board approved the Recognized Obligation Payment Schedule (ROPS) for the fiscal year 2025-2026, which outlines the enforceable obligations of OCII.
The Commission on Community Investment and Infrastructure approved its annual budget for FY 2025-2026 and authorized the Executive Director to submit it for review to the Mayor and the Board of Supervisors.
The Mayor's Office submitted the proposed budget for FY 2025-2026, including the interim budget for OCII, to the Board of Supervisors.
The Budget and Appropriations Committee recommended the passage of the interim budget for OCII.
The Board of Supervisors adopted the interim budget for FY 2025-2026 for OCII, allowing it to operate while the full budget is finalized.
The Mayor approved the interim budget for OCII, finalizing the legislative process for the budget.
Reconstructed from attached documents & the official record
