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Title:
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Ordinance authorizing the City to reallocate approximately $88,495,000 in prior appropriated revenue and unappropriated earned interest within the Our City, Our Home (“OCOH”) Fund, to allow the City to use revenues from the Homelessness Gross Receipts Tax through Fiscal Year (FY) 2027-2028 for certain types of services to address homelessness, notwithstanding the expenditure percentages set forth in Business and Tax Regulations Code, Section 2810; authorizing the City to expend future revenues deposited in the OCOH Fund through Fiscal Year 2027-2028 on any programs to address homelessness as described in Business and Tax Regulations Code, Section 2810, without regard to the expenditure percentages in that section; temporarily suspending the limit on funding for short-term rental subsidies; and finding that these reallocations are necessary to achieve the purposes of the Our City, Our Home Fund pursuant to Business and Tax Regulations Code, Section 2811.
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