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Title:
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Ordinance authorizing the City to reallocate approximately $34,777,000 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) 2026-27 for certain types of services to address homelessness, notwithstanding the expenditure percentages set forth in Business and Tax Regulations Code, Section 2810; where future revenue and interest to the OCOH Fund exceeds amounts appropriated in the adopted budget for fiscal years 2025-2026 and 2026-2027, authorizing the City to expend up to $19,100,000 of such additional revenues and interest 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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Attachments:
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1. Leg Ver1, 2. Leg Dig Ver1, 3. MYR Submission Ltr 053025, 4. MYR Trailing Leg 053025, 5. MYR 30-day Waiver Req 053025, 6. MYR Memo 053025, 7. PAM 30 Day Waiver 060525, 8. BLA Rpt 061225, 9. Cmte Pkt 061223, 10. Cmte Pkt 061825, 11. Cmte Pkt 062025, 12. Prop C Budget Summary, 13. HSH Presentation 062025, 14. Cmte Pkt 062325, 15. Cmte Pkt 062525, 16. Leg Ver2,3, 17. Leg Dig Ver2,3, 18. Board Pkt 070825, 19. Board Pkt 071525, 20. Public Correspondence, 21. Board Pkt 072225
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