A housing report revealed last week at the oversight board meeting for the Successor Agency to the Redevelopment Agency (SARA) shows that the city has $10 million in funds that have yet to be allocated. While some people would like to direct these funds to affordable housing, which isn’t taxable and doesn’t create revenue, a better plan would be to direct the $10 million toward RDA debt. If this occurs, the exact same amount can then go toward the general fund, which pays for police, libraries and other community services.

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The city’s General Fund is not legally obligated to pay an airport expense or debt service payments.However, the City Council has discretion over the allocation of general fund monies in general, and may approve an allocation of General Fund monies for airport expenditures. This includes payment of debt service. The allocation of general fund resources to the airport would be a policy decision by the City Council, not a legal obligation.

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