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While the latest stage of the coronavirus pandemic is heralding a gradual return to relative calm, plan sponsors are stepping out of the frying pan and into the fire. The pandemic accelerated the ongoing evolution in the relationship between plan sponsors and plan members, with employees now looking to their employers to help them manage […]
is -- the city has made a commitment to replace. you will see the budget for the mayor's office of housing related to develop and obligations, about $8 million in each of the next two years. the tax increment request is increasing, and that is primarily due to the mayor's office of housing spending down fund balances as a way of funding the budget in the first year and then requiring an additional tax income and allocation in the second year. i think there has been a significant amount of interest in the work that is not considered obligated and that the successor agency will no long...
overall, in terms of the fiscal impact on the city, you recall the redevelopment agency's budget was comprised of a variety of sources, including tax increment on proceeds and other revenues. going forward, these same sources are available to the successor agency, the city, but there are somewhat more restricted uses because of the rules associated with as 26. -- ab 26. over all, the agency tax increment, the successor agency tax increment request is increasing a little bit. that is primarily driven by mission bay and the requirements to transfer all of the increasing tax increment t...
-- ab 26. over all, the agency tax increment, the successor agency tax increment request is increasing a little bit. that is primarily driven by mission bay and the requirements to transfer all of the increasing tax increment to mission bay. as well as increases to certain required passthroughs back to the state. there have been some changes in the windows are calculated by the state. debt service continues to remain the largest cost in the successor agency budget, and that is relatively flat. project and staffing costs are lower, both because the agency is no longer allowed to do th...
office of housing to there was an early morning saturday fire at the hunters view affordable housing development site. luckily, there were no injuries, but the site was damaged, including the progress we had made for the affordable housing sites. we are still evaluating what that means. sf fire department is investigating. i think you'll have to work with the developer as you would with any developer project to see what they would be able to do or what additional fine and they would need similar to any affordable housing project that deceived financing that had damaged at the constru...