WE CALLED THE MEETING TO ORDER.
>> [ ROLL CALL ] NINE PRESENT.
>> YOU ARE ON MUTE, CHAIR.
>> THANK YOU MADAM VICE CHAIR.
I APPRECIATE IT.
WE ARE ALL HERE.
WE ARE BACK.
THIS IS THE
RECONVENED SELECT BUDGET
COMMITTEE MEETING AND WE
WILL CONTINUE WITH ITEMS ON THE
AGENDA.
WE WERE
GETTING TO THE HOUSE ITEMS.
WE ARE ON 3B FOR FOLKS
FOLLOWING ALONG IN THE AGENDA.
WE ARE ON PAGE 17,
ITEM 82.
AND THE CORRESPONDING SLIDE FOR
THE
PRESENTATION IS SLIDE NUMBER
20.
TURNING IT BACK
OVER TO ALIE.
THANK YOU TO THE TEAM FROM
CENTRAL
STAFF.
>> THANK YOU CHAIR.
I HOPE YOU ALL ENJOYED LUNCH.
WE ARE NOW ON ITEM 82 THROUGH
86 AND THE HOMELESS
PREVENTION AND SHELTER CATEGORY
THAT INCLUDES ABOUT
$5.6 MILLION OF PROPOSED
INVESTMENTS.
THE FIRST
ITEM, ITEM 82 WOULD ADD $2.8
MILLION TO THE HUMAN
SERVICES DEPARTMENT TO EXPAND
TINY HOME VILLAGES.
THIS IS SPONSORED BY
COUNCILMEMBER SAWANT.
>> AND 83 WOULD ADD A TINY
HOME VILLAGE IN
TEMPORARY LOCATION AND
SPONSORED BY COUNCILMEMBER
PETERSON.
ITEM 84 WOULD ADD $655,000 TO
HUMAN
SERVICES DEPARTMENT TO SUPPORT
24 HOUR OPERATIONS AT
BASIC SHELTERS SPONSORED BY
COUNCILMEMBER SAWANT.
ITEM 85 ADDS $750,000 TO HUMAN
SERVICES DEPARTMENT
TO MAINTAIN RAPID REHOUSING
CASELOADS AND IMPOSES A
PROVISO ON THOSE AND IT IS
SPONSORED BY
COUNCILMEMBER HERBOLD.
>> 86 WOULD IMPOSE A PROVISO
TO RESTRICT $40,000
IN'S FUNDS FOR PREVENTION
SERVICES SPECIFICALLY FOR
FAMILIES WITH SCHOOL-AGE
CHILDREN AND IMPOSES A
PROVISO AND IT IS SPONSORED BY
COUNCIL PRESIDENT
GONZALES.
>> THANK YOU VERY MUCH.
ARE THERE ANY COLLEAGUES
OR PIECES YOU WOULD LIKE TO
LIFT UP IN THIS CATEGORY
HERE?
SHELTER AND PREVENTION 3B.
COUNCILMEMBER
HERBOLD, PLEASE GO AHEAD.
>> I JUST HAVE A QUESTION.
I WAS SO EXCITED ABOUT
IT WHEN IT WAS PROPOSED.
AND I HAD NO IDEA THAT
THERE WAS A MOVE AFOOT TO CLOSE
CITY HALL SHELTER.
WHAT IS THE STATUS OF THAT?
IS NOT INCLUDED IN ONE
OF THESE?
>> THANK YOU COUNCILMEMBER
HERBOLD.
THE SHORT
ANSWER TO YOUR QUESTION IS THAT
THE ITEM IS NOT
INCLUDED HERE BUT IT IS ON THE
LINES TO PROVIDE
ADDITIONAL INFORMATION ABOUT
WHAT IS STILL ALLOWED
AND GOING TO BE FUNDED AT CITY
HALL.
A LITTLE BIT
OF A HALFWAY THEIR POLICY
ANSWER TO THE FORUM THAT
WAS PROPOSED.
SO JUST TAKE IT AWAY., JEFF.
>> THAT IS RIGHT MADAM CHAIR.
THE SALVATION ARMY
CURRENTLY OPERATES THE CITY
HALL SHELTERS AND THE
INTENTIONS THAT THEY WILL BE
MOVING THE OPERATIONS
TO A LOCATION IN SODO AND IT
MIGHT BE UNDERWAY AT
THIS POINT.
BY MOVING ALL OF THOSE BEDS,
THEY WILL
BECOME ENHANCED SHELTER BEDS
RATHER THAN JUST BASIC
OVERNIGHT BEDS.
SO THAT IS WHERE THE CURRENT
PROVIDER WILL BE MOVING TO AS
WELL AS MAINTAINING
THE BEDS AND THE LOCATION THAT
IS CURRENTLY UTILIZED
WILL BE USED AS A STORM SHELTER.
IF YOU RECALL THE
LAST COUPLE OF YEARS, WE HAVE
HAD EXTREME WEATHER
SITUATIONS OR SMOKE RECENTLY
AND THERE HAVE BEEN
EXPANSIONS IN PLACES LIKE
BISHOP PAVILION.
THE PLAN
IS TO UTILIZE THE CITY HALL
SPACE FOR THOSE PURPOSES
OVER THE NEXT YEAR AND NOT
CONTINUE UTILIZING IT AS
AN OVERNIGHT ONLY BASIC SHELTER
KIND OF A LOCATION.
>> THANK YOU.
I APPRECIATE THAT UNDERSTANDING
AND
EXPLANATION.
WE HAVE A 20 YEAR HISTORY OF
PROVIDING
SHELTER AT THIS LOCATION AND
NOT JUST FOR WINTER
RESPONSE.
I JUST WANT TO SIGNAL MY
INTEREST IN
MAYBE NEXT YEAR WITH FUNDS AS
THEY MIGHT BECOME
AVAILABLE TO ENCOURAGE THE
EXECUTIVE TO CONTINUE
CONTRACTING WITH THE PROVIDER
FOR WHAT I THINK IS AN
IMPORTANT SERVICE.
I RECOGNIZE THAT IT IS NOT
ENHANCED SHELTER AND THAT IS
THE GOLD STANDARD, IF
YOU WILL, FOR SHELTER.
BUT I THINK THERE IS STILL A
ROLE FOR THIS IN THE CONTINUUM
OF EMERGENCY
SERVICES.
THANK YOU.
>> THANK YOU VERY MUCH
COUNCILMEMBER HERBOLD.
THE
OTHER HALF WE MEASURE WAS
WANTING TO MAKE SURE THAT
THERE WAS INSUFFICIENT
JANITORIAL SUPPORT IN CASE
THERE WAS EVER THE NEED TO DO
EMERGENCY SHELTER AS
JEFF MENTIONED.
AND CONFIRMING THAT WE ARE
MAINTAINING ADDITIONAL
JANITORIAL SUPPORT IN CASE
THE CITY HALL STRUCTURE IS
NEEDED TO BE USED FOR
EMERGENCY SHELTERS OF ANY KIND.
I AGREE WITH YOU.
WE SHOULD BE OFFERING SHELTER.
IT SHOULD BE
ADDITIVE TO WHATEVER IS OFFERED
IN SODO ESPECIALLY
SINCE LATE -- SPACES SO
LIMITED DOWNTOWN SEATTLE
AND WE HAVE QUITE A LOT OF
SPACE IN THAT BUILDING
RIGHT NOW, BOTH IN THE MAIN
FLOOR AND DOWNSTAIRS
WERE THE SHELTER USED TO BE,
GIVEN THE ONGOING NEED.
I THINK IT IS IMPORTANT FOR US
TO CONTINUE THAT
COMMITMENT.
GIVEN COVID-19, I THINK THE
QUESTION
IS, HOW DO WE ALSO MAKE IT SO
THAT IT'S A SAFE PLACE
TO BE.
BUT THE COMMITMENT TO MAKING
SURE IT IS A
SHELTER IN FUTURE YEARS, I
AGREE WITH YOU.
ANY
OTHER ITEMS FOLKS WOULD LIKE TO
LIFT UP IN THIS
SECTION HERE? THANK YOU,
COLLEAGUES FOR ALL OF YOUR
HOMEWORK.
THREE TINY HOUSE VILLAGES. NOT
JUST A
PROVISO BUT FULLY FUNDED IN
THIS EFFORT.
ONE
SPECIFICALLY IN COUNCILMEMBER
PEDERSEN.
THANK YOU
FOR YOUR SUPPORT AND TWO
ADDITIONAL AROUND THE CITY.
THIS IS ABOUT TWICE THE AMOUNT
OF INVESTMENTS WE
MADE FROM THE TINY HOUSE
VILLAGES LAST YEAR.
AND I
SEE COUNCILMEMBER MORALES.
PLEASE GO AHEAD.
>> YES, THANK YOU.
I JUST WANTED TO EXPRESS MY
DEEP APPRECIATION FOR HAVING
THIS.
IT WOULD BE
GREAT IF WE COULD HAVE MORE
ACCESS TO TINY HOME
VILLAGES AND TO OTHER SHELTERS.
I ACTUALLY JUST GOT
NOTICE FROM AN OUTREACH WORKER
IN THE GEORGETOWN
NEIGHBORHOOD WHO WAS JUST
ENGAGING WITH SOMEBODY WHO
WAS LIVING IN THEIR CAR AND
BASICALLY, WHAT SHE SAYS
IS THAT SPD WATCHED HER ENGAGE
AND THEN CAME IN AND
MADE THE PERSON GET OUT OF
THEIR CAR AND THEN
IMPOUNDED THE CAR.
AND SO OBVIUSLY WE WILL BE
FOLLOWING UP ON THIS TO SEE
WHAT IS GOING ON.
SHE
CAN'T FIND A PLACE FOR THIS
INDIVIDUAL TO GO NOW AND
IS NOW LOOKING FOR A TENT TO
HELP THIS PERSON PITCH
SOMEWHERE BECAUSE THERE CAR HAS
BEEN REMOVED AND
TAKEN FROM THEM.
SO ESPECIALLY AS WE ARE
ENTERING A
COLD AND WET WINTER, WE NEED TO
BE REALLY DELIBERATE
ABOUT HOW WE PROVIDE BETTER
SERVICES FOR OUR
HOMELESS NEIGHBORS AND THAT WE
ARE TRACKING VERY
CAREFULLY WHAT KIND OF
ENGAGEMENT AND CONTACT IS
HAPPENING WITH OUR HOMELESS
NEIGHBORS SO THAT THEIR
RIGHTS ARE PROTECTED AS WELL.
SO I JUST WANTED TO
SHARE THAT I LITERALLY JUST GOT
NOTICE THAT THIS IS
HAPPENING IN GEORGETOWN RIGHT
NOW.
>> THANK YOU COUNCILMEMBER
MOSQUEDA.
WE
APPRECIATE YOU FOLLOWING UP ON
THAT.
OKAY.
I THINK
WE CAN GO AHEAD AND MOVE ON.
THESE INVESTMENTS, A
COMBINATION OF THIS INVESTMENT
IS PART OF HOW WE
MAKE SURE THAT PEOPLE ARE ON
THE PATH TO GREATER
STABILITY AND MAKING SURE THAT
THEY HAVE THE HOUSING
OR SHELTER THAT THEY NEED IN
ORDER TO WEATHER THIS
COVID-19 CRISIS BUT WE ALSO
HAVE TO HAVE AN OUTPUT
OUT OF SHELTERS AND TEMPORARY
HOUSING AND THAT GETS
US INTO OUR NEXT CATEGORY.
>> THE NEXT CATEGORY, ITEMS 87
THROUGH 92 ON THE
AGENDA WHICH INCLUDE $1.1
MILLION OF INVESTMENT
RELATED TO RENTER PROTECTIONS.
THIS INCLUDES ITEM
87 WHICH WOULD ADD $34,000 TO
FULLY FUND A LANDLORD
LIAISON PROGRAM AND IMPOSES A
PROVISO SPONSORED BY
COUNCILMEMBER HERBOLD.
ITEM 88 ADDS $99,000 TO THE
SEATTLE DEPARTMENT OF
CONSTRUCTION AND INSPECTION
TENANT OUTREACH AND PROPERTY
OWNER AND TENANT
ASSISTANCE GROUP STAFFING.
SPONSORED BY
COUNCILMEMBER STRAUSS.
ITEM 89 WOULD ADD $500,000
OF GENERAL FUND TO SDCI FOR
TENANT OUTREACH,
EDUCATION, ORGANIZING AND OTHER
SERVICES ANSWERED BY
COUNCILMEMBER STRAUSS. ITEM 90
WHICH IS A STATEMENT
OF LEGISLATIVE INTENT
REQUESTING A REPORT FROM SDCI
FOR TRANSFERABLE RENTAL
HISTORIES SPONSORED BY
COUNCILMEMBER SAWANT.
ITEM 91 IS ALSO A STATEMENT
OF LEGISLATIVE INTENT
REQUESTING A REPORT FROM SDCI
ON STANDARD RESIDENTIAL LEASE
TERMS SPONSORED BY
COUNCILMEMBER SAWANT AND THE
FINAL ITEM IN THIS
CATEGORY, ITEM 92, ADDS
$460,000 TO SDCI FOR
EVICTION LEGAL DEFENSE
SERVICES.
SPONSORED BY
COUNCILMEMBER SAWANT.
>> THESE ARE HUGE INVESTMENTS.
THANK YOU ALL FOR
ALL OF YOUR WORK ON THIS.
DOES ANYONE WANT TO SPEAK
TO ANY ITEM ON THIS CATEGORY?
>> OKAY.
I WILL NOTE THAT I BELIEVE IN
THE
EVICTION DEFENSE LEGAL
ASSISTANCE, WE ARE DOUBLING
THE INVESTMENT THAT WE MADE
PREVIOUS BECAUSE WE
RECOGNIZE AS ONE OF THE
SPEAKERS NOTED IN PUBLIC
COMMENT THE POTENTIAL CLIFF
COMING FOR RENTERS WHEN
EVICTION PREVENTION
MORATORIUMS, IF THEY GO AWAY,
IS
GOING TO BE MASSIVE.
ESPECIALLY IF THE UNAPPOINTED
RATE STAYS AS HIGH AS THEY ARE
AND THE RENTERS HAVE
A BACKLOG OF RENT THEY ARE NOT
ABLE TO PAY.
WE WANT
TO MAKE SURE THE FOLKS RENTING
HAVE SUPPORT AND THAT
THIS IS ESSENTIALLY THE
PROGRAM.
COUNCILMEMBER
HERBOLD, PLEASE GO AHEAD.
>> I WANT TO SAY I APPRECIATE
THE SUPPORT FOR THE
LANDLORD LIAISON PROGRAM.
IT IS A SMALL BUT
IMPORTANT INVESTMENT.
THIS PROGRAM IS JUST
INCREDIBLE, THE NUMBER OF
PRIVATE LANDLORDS THEY ARE
WORKING WITH AND THE NUMBER OF
HOUSEHOLDS THEY HAVE
BEEN ABLE TO HOUSE.
SAFEWAY HOUSE WITH VERY FEW
EVICTIONS.
EVEN THOUGH ANOTHER PRIME
SPONSOR FOR
THE EVICTION OUTREACH EDUCATION
AND ORGANIZING,
REALLY WANT TO THANK -- I
DON'T HAVE IT IN FRONT
OF ME BUT I THINK IT IS
COUNCILMEMBER SAWANT THAT IS
THE LEAD ON THIS.
I REALLY APPRECIATE HER
CHAMPIONING THIS AS WE SAW IN A
RECENT ARTICLE TODAY
OR YESTERDAY FROM PUBLIC --
THERE ARE EVICTIONS
HAPPENING NOW DESPITE THE CITY
AND STATE MORATORIUM
ON EVICTIONS AND MAKING SURE
TENANTS KNOW THEIR
RIGHTS IS REALLY KEY TO
AVOIDING THESE EVICTIONS
BECAUSE THEY DON'T ALWAYS HAVE
BEEN IN COURT.
SOMETIMES THEY JUST HAPPENED
BECAUSE THE LANDLORD IS
TELLING A TENANT THAT THEY HAVE
TO GO WHEN THEY
DON'T.
>> THANK YOU VERY MUCH
COUNCILMEMBER HERBOLD.
I
AM SEEING NO ADDITIONAL
COMMENTS OR QUESTIONS ON
THIS.
I THINK WE CAN GO AHEAD AND
MOVE ON TO THE
NEXT CATEGORY.
>> THE NEXT CATEGORY IS ITEM
93 THROUGH 100 ON THE
AGENDA WHICH INCLUDE $2.2
MILLION TO SUPPORT HOUSING
DEVELOPMENT AND POLICY EFFORTS
RELATED TO HOUSING
PRODUCTION.
THE FIRST ITEM IN THIS CATEGORY
IS ITEM
93 ON THE AGENDA.
THIS WOULD ADD $200,000 TO THE
OFFICE OF HOUSING TO FUND THE
HOME AND HOPE PROGRAM.
THAT IS SPONSORED BY
COUNCILMEMBER LEWIS.
ITEM 94
WOULD AT $1.7 MILLION TO OFFICE
OF HOUSING OR
PROPERTY ACQUISITION AND
FEASIBILITY STUDY FOR THE
AURORA COMMONS REDEVELOPMENT
PROJECT SPONSORED BY
COUNCILMEMBER JUAREZ.
ITEM 95 WOULD ADD $200,000 TO
THE OFFICE OF HOUSING FOR THE
HOME FOR GOOD PROGRAM
SPONSORED BY COUNCILMEMBER
GONZCEZ.
ITEM 96 AS
$100,000 TO THE OFFICE OF
HOUSING OR PREDEVELOPMENT
COSTS FOR PROPERTY IN THE
CENTRAL AREA AND THIS ALSO
INCLUDES AFFIRMING THE
COUNSEL'S INTENT TO INCREASE
OH'S AUTHORITY TO LEND FOR
ACQUISITION COST OR
PROVIDE FUNDING FOR ACQUISITION
COST IF IT IS
NECESSARY.
SO UPDATING THE CITY'S POLICIES
RELATED
TO THE OH SERVICES AND PROGRAMS
IF IT IS NEEDED IN
ORDER TO SUPPORT THIS PROJECT.
THIS IS SPONSORED BY
COUNCILMEMBER SAWANT.
ITEM 97 WOULD IMPOSE A
PROVISO ON $30,000 IN THE
OFFICE OF PLANNING AND
COMMUNITY DEVELOPMENT BUDGET
FOR THE COMPREHENSIVE
PLAN ENVIRONMENTAL IMPACT
STATEMENT.
ITEM 98 --
EXCUSE ME, SPONSORED BY CHAIR
MOSQUEDA.
>> ITEM 98 IS ALSO PROPOSING
-- A PROVISO ON
$100,000 AND THE OPCD BUDGET
FOR COMPANY AND
SUPPLANT OUTREACH AND
ENGAGEMENT IN 2021 SPONSORED
BY CHAIR MOSQUEDA.
ITEM 99 IS A STATEMENT OF
LEGISLATIVE INTENT REQUESTING A
REPORT FROM PERMIT
PROCESSING TIMES.
THE FINAL ITEM IS ITEM 100.
WHICH IS A STATEMENT OF
LEGISLATIVE INTENT
REQUESTING A REPORT FROM SDCI
AND THE OFFICE OF
HOUSING ON THE MANDATORY
HOUSING AFFORDABILITY
PROGRAM PRODUCTION SPONSORED BY
COUNCILMEMBER
PEDERSEN AND THE PREVIOUS
SLIDE, ITEM 99, IS
SPONSORED BY COUNCILMEMBER
STRAUSS.
I THINK I
FAILED TO SAY THAT.
>> THANK YOU VERY MUCH.
HOUSING.
HAVE TO HAVE A
PLACE TO CALL HOME IN ORDER TO
STAY HEALTHY.
THANK
YOU FOR YOUR WORK ON THESE
EFFORTS.
ANY ADDITIONAL
COMMENTS OR QUESTIONS,
CONCERNS?
>> AGAIN, THANK YOU VERY MUCH
TO ALL OF YOU AND
ESPECIALLY THE QUESTIONS WE
WERE ASKING ABOUT THE
DEVELOPMENT EFFORTS.
I KNOW THE COUNCIL MEMBERS
THAT SPONSOR THESE ARE NOT
SPEAKING UP SO LET ME
CHIME IN QUICKLY ON THESE FIRST
TWO BULLETS.
I
DON'T WANT TO -- I JUST WANT
TO UNDERSCORE THE
IMPORTANCE OF THESE HISTORIC
INVESTMENTS. WE ARE
VERY APPRECIATIVE OF THE OFFICE
OF HOUSING AND THE
EXECUTIVE'S COMMENTS AND
RESEARCH THAT THEY ARE ABLE
TO FULLY FUND THE EFFORTS TO
MAKE SURE THAT THIS IS
FUNDED.
I'M SORRY.
I MENTIONED THE WRONG BULLET IN
MY DISCUSSION BUT THAT IS ONE I
REALLY WANT TO LIFT
UP FROM OUR DISCUSSIONS TODAY.
THIS IS IN THE
PREVIOUS SECTION.
IT WILL ALLOW FOR FOLKS TO HAVE
A
STABLE PLACE TO STAY HOUSED AND
BASICALLY WE ARE
FUNDING A PREDEVELOPMENT COST.
THAT IN COMBINATION
WITH THE SECOND BULLET HERE,
MAKING SURE THE AURORA
COMMONS REDEVELOPMENT PROJECT
GOES FORWARD.
THANK
YOU AGAIN COUNCILMEMBER JUAREZ.
YOU HAVE BEEN A
LONG-STANDING CHAMPION ON THIS
AND WE APPRECIATE
THAT.
IT IS PART OF A MUCH BIGGER
EFFORT TO SECURE
THE PROPERTY AND THE CONCEPT IS
FOR HOUSING, IF IT
CANNOT BE INCLUDED WITH
HOUSING, I THINK THERE ARE A
LOT OF OTHER OPPORTUNITIES FOR
COMMUNITY SPACE AND
MAKE SURE WE ARE RECLAIMING
AREAS FOR VULNERABLE
COMMUNITIES OFTEN LEFT OUT.
THANK YOU FOR ALL THE
WORK YOU HAVE DONE AND YOUR
SUPPORT.
THOSE TWO
CROSSOVER TO THE PREVIOUS
SECTION AS WELL.
THOSE
TWO LARGE INVESTMENTS WILL BE
VERY IMPORTANT FROM
NORTH TO SOUTH.
ANYTHING ELSE?
LET'S KEEP GOING.
>> OKAY.
THIS IS THE CATEGORY THAT
INCLUDES
INVESTMENTS -- EXCUSE ME,
PROPOSALS IN THE PACKAGE
THAT ARE RESOURCES TO FUND ALL
THE NEW SPENDING IN
THE BALANCING PACKAGE.
AND SO I WILL JUST NOTE HERE
THAT THESE ARE STAND-ALONE
ACTIONS NECESSARY TO
SUPPORT THE PROPOSED SPENDING.
OTHER ACTIONS
INCLUDED, CUTS WITHIN THE
PROPOSAL AND THEN SPENT
THAT MONEY FOR EXAMPLE.
SOME OF THE PROPOSALS
RELATED TO THE SEATTLE POLICE
DEPARTMENT WHERE IT
WAS PRODUCING APPROPRIATION IN
THE POLICE DEPARTMENT
PARTICIPATORY BUDGETING.
THESE ARE JUST THE REMAINING
ITEMS TO SUPPORT THE
PACKAGE.
>> THESE ARE ITEMS 101 THROUGH
108 ON THE AGENDA.
THE FIRST ITEM IS ITEM 101
WHICH RECOMMENDS AMENDING
AND PASSING COUNSEL BILL
119910.
THIS IS THE 3rd
QUARTER 2020 SUPPLEMENTAL
PREPARATIONS ORDINANCE
REVISING THE 2020 BUDGET.
I'M GOING TO SPEND A
LITTLE BIT MORE TIME ON THIS
ONE THAN THE OTHER
PROPOSALS BECAUSE AMENDING THE
3rd QUARTER
SUPPLEMENTAL, THERE ARE A
NUMBER OF PROPOSALS
INCLUDED HERE TO PROVIDE
RESOURCES OR TO MAKE SURE
MONEY THAT WILL BE SPENT IN
2020 IS CARRIED FORWARD
INTO THE 2021 BUDGET AND
BECAUSE THEY ARE NOT EACH
INDIVIDUAL ACTIONS, I JUST WANT
TO DESCRIBE IN A
LITTLE MORE DETAIL WHAT IS
INCLUDED.
IF YOU CAN FOR
A MOMENT GO TO THE NEXT SLIDE
PLEASE.
>> SO THIS IS CBA BLG-002-B-
001.
A SERIES OF
AMENDMENTS TO THE 3rd QUARTER
SUPPLEMENTAL BILL
WHICH INCLUDE A NUMBER OF
TECHNICAL CORRECTIONS.
I
LSO WANT TO HIGHLIGHT A FEW
ADDITIONAL MORE
SUBSTANTIVE CHANGES THAT ARE
PROPOSED.
IT IS
CUTTING $1.4 MILLION ORIGINALLY
APPROPRIATED TO FUND
THE COMMUNITY HEALTH ENGAGEMENT
LOCATION.
THIS IS
USED TO FUND THREE ITEMS THAT
WE SPOKE TO
PREVIOUSLY.
INCLUDES $1.12 MILLION FOR
HEALTH
SERVICES FOR DRUG USERS.
200,000 FOR HARM REDUCTION
PROGRAMS AND 80,000 FOR
COMMERCIAL SEXUAL
EXPLOITATION SERVICES.
IT ALSO CUTS $500,000, THE
MAYOR'S COMMUNITY SAFETY WORK
GROUP. THE PACKAGE
INCLUDES FUNDING TO SUPPORT THE
WORK GROUP TO THE
EQUITABLE COMMUNITIES
INITIATIVE SIMILAR TO HOW THE
PUBLIC PARTICIPATORY BUDGET
PROCESS IS SUPPORTED.
IT COSTS $1.7 MILLION FROM THE
SEATTLE POLICE
DEPARTMENT'S 2020 SALARY
SAVINGS DUE TO GREATER THAN
EXPECTED 2020 ATTRITION.
THAT IS USED IN 2021 TO
SUPPORT THE PARTICIPATORY
BUDGETING PROGRAM.
NEXT
SLIDE PLEASE.
IT ALSO CUTS $10 MILLION FROM
HSD AND
PUTS IT BACK IN 2021.
THIS IS FOR THE COMMUNITY LED
PUBLIC SAFETY INVESTMENTS WHICH
WERE DESCRIBED
EARLIER.
IT ALSO SWAPS $6.3 MILLION
BETWEEN THE
TRANSPORTATION FUND AND THE
CAPITAL FUND TO ADDRESS
THE ANTICIPATED 2020 COMMERCIAL
PARKING TAX
SHORTFALL AS WELL AS SWAPPING
$3 MILLION BETWEEN THE
REVENUE STABILIZATION FUND AND
GENERAL FUND TO
SUPPORT THE PARTICIPATORY
BUDGETING AND COMMUNITY
LED RESEARCH WORK BUT IS USING
GENERAL FUND INSTEAD
OF THE REVENUE STABILIZATION
FUND TO MAINTAIN AT
LEAST A 69-DOLLAR BALANCE IN
THAT FUND.
AND THEN IT
ADDS ABOUT $1 MILLION TO
ADDRESS THE ANTICIPATED
REVENUE SHORTFALL FOR THE SHORT
TERM RENTAL FUND
THAT SUPPORTS THE CITY'S
DEVELOPMENT INITIATIVE.
SO
I JUST WANTED TO HIGHLIGHT
THOSE ACTIONS WITHIN THAT
ONE BUDGET AMENDMENT.
SO IF YOU COULD GO BACK TWO
SLIDES, PATTY.
THANK YOU.
THE NEXT ITEM ON THE
AGENDA IS ITEM 102 A. THIS
ELIMINATES THE FUNDING
FOR THE DEPARTMENT OF
NEIGHBORHOODS. ITEM 103 CUTS
$500,000 SBT FROM THE
DEPARTMENT OF NEIGHBORHOODS
THAT THE CHAIR SPOKE TO
PREVIOUSLY.
ITEM 104
RECOGNIZES THE CITY BUDGET
OFFICE'S NOVEMBER 2020
FORECAST UPDATE.
ITEM 105 CUTS $2 MILLION FROM
THE
HUMAN SERVICES DEPARTMENT FOR
THE JOINT COMMUNITY
SAFETY INTERDEPARTMENTAL TEAM
RECOMMENDATIONS.
THIS
WAS INCLUDED IN THE BUDGET
SOMEWHAT IN ERROR.
IT
WAS PART OF THE POTENTIAL
REPLACEMENT BILL BEFORE
THE COUNCIL ACTED ON THE 2020
BUDGET REVISION
ORDINANCE AND OVERTURNED THE
VETO.
SO THIS IS BEING
USED TO FUND OTHER COUNSEL
PRIORITIES.
ITEM 106
WHICH CUT $164,000 FROM THE
OFFICE OF ECONOMIC
DEVELOPMENT FOR THE FUNDING FOR
THE CREATIVE
INDUSTRY POLICY ADVISOR
POSITION.
ITEM 107 PROPOSES
A PROVISO ON $200,000 OF
GENERAL FUND AND THE POLICE
DEPARTMENT FOR 2020 RECRUIT
SIGNING BONUSES.
THIS
FUNDING WAS CUT IN THE BUDGET
REVISION ORDINANCE AND
ADOPTED THIS FALL WHEN YOU
VOTED TO OVERTURN THE
VETO.
THAT FUNDING IS NEEDED TO PAY
THE SECOND HALF
OF THE RECRUIT SIGNING BONUSES
WHO ARE ALREADY
HIRED.
HOWEVER INSTEAD OF CUTTING
MONEY BACK, IT IS
IMPOSING A PROVISO ON 2021 FUNDS
FOR THAT PURPOSE.
AND THEN THE FINAL ITEM WOULD
CUT $50,000 IN FUNDING
FROM THE PARKS DEPARTMENT FOR
THE FEASIBILITY STUDY.
>> THANK YOU COUNCILMEMBERS.
COLLEAGUES, I WANT
TO NOTE THAT COUNCILMEMBER
PEDERSEN HAS BEEN A
STRONG CHAMPION OF THE MAGNUSON
PARK POOL
FEASIBILITY STUDY.
THANK YOU FOR YOUR WORK ON THAT
AND REALLY CONCERNS YOU RAISED
ABOUT THE POTENTIAL
THAT GOING AWAY.
HAPPY TO HAVE CENTRAL STAFF
TALK A
LITTLE BIT MORE ABOUT THOSE
CONCERNS.
THERE WERE
SOME INITIAL CONCERNS ABOUT THE
FUNDS. AFTER
FURTHER CONSULTATION WITH THE
CENTRAL STAFF TEAM
HERE, I WOULD LIKE TO CONSIDER
MOVING THIS REDUCTION
FROM THE PROPOSED BACK THIS
YEAR WITH THE
UNDERSTANDING THAT I WANTED
DOUBLE CHECK WITH
CENTRAL STAFF THAT THAT MEANS
THAT THE CEO WILL BE
ABLE TO WORK OUT A SWAP FOR
SOMETHING ELSE WITHIN
THE BUDGET SO THAT WE CAN MAKE
SURE THAT IT IS USED
FOR SOMETHING AND GENERAL FUNDS
FOR THE FEASIBILITY
STUDY.
IS THAT AN ACCURATE SUMMARY OF
THE DESIRE
BOTH COUNCILMEMBER PEDERSEN AND
THEN I WILL TURN TO
SEE IF THAT IS CORRECT.
>> YES.
MAGNUSON PARK IS VERY SPECIAL.
MOST
PEOPLE THINK OF IT AS A
REGIONAL ASSET FOR PARKS.
BUT IT IS ALSO HOME TO 850
RESIDENTS.
100% OR LOW
INCOME.
70% IDENTIFY AS BI.
WHAT I HAVE BEEN TOLD
BY CENTRAL STAFF IS THAT THERE
WAS INITIALLY A
QUESTION ABOUT THE SOURCE OF
FUNDS. WITH CENTRAL
STAFF SHOULD BE ABLE TO
STRUCTURE A TECHNICAL SWAP
OF FUNDING SOURCES SO THAT WE
CAN PRESERVE THIS ITEM
FOR MAGNUSON PARK.
>> THANK YOU FOR DRAWING OUR
ATTENTION TO THIS
GIVEN THE LATEBREAKING NEWS
ABOUT THE POTENTIAL FOR
CVO AND PARKS TO BE ABLE TO
FIGURE OUT A SWAP.
IS
THERE ANY CONCERN ABOUT PULLING
THIS OUT FROM THE
PACKAGE TODAY?
>> CHAIR MOSQUEDA, YOU HAD
JUST OVER $50,000 OF
UNPROGRAMMED -- STILL LEFT
-- AND WE RECONCILE
ALL THE ACTIONS.
SO WE ARE MOVING THIS AND
SHOULDN'T APPEND THE BALANCING
AND MY UNDERSTANDING
IS THAT WITH BOTH OF YOU AND
COUNCILMEMBER PEDERSEN,
PARKS WILL FIGURE OUT THE
TECHNICAL WAYS TO MAKE
SURE THERE IS AVAILABLE FOR
THIS PURPOSE AND IT IS
USED FOR AN ELIGIBLE PURPOSE.
>> THANK YOU VERY MUCH.
COUNCILMEMBER PEDERSEN.
ARE THERE ANY ADDITIONAL
COMMENTS ON THIS?
>> ANY ADDITIONAL COMMENTS ON
THE OVERALL EFFORT
HERE?
COUNCILMEMBER STRAUSS.
I SPOKE TO THE THIRD
BULLET ITEM AND WE WILL
CONTINUE TO WORK WITH OUR
CAP FRIENDS AND FIGURE OUT SOME
ELOQUENT SOLUTIONS
BETWEEN NOW AND THURSDAY AND
MAY BE ROUND OUT THE
DISCUSSION A LITTLE BIT MORE
AND THE UNDERSTANDING
OF WHAT WE ARE TRYING TO
PUBLISH HERE.
ARE THERE
ANY OTHER ITEMS HERE?
>> WE JUST HAVE THE FINAL
CATEGORY WHICH ARE ITEMS
109 THROUGH 141 ON THE AGENDA
WHICH SOUND LIKE A LOT
OF ITEMS BUT IT REFLECTS THE
MAJORITY OF THE
LEGISLATION NECESSARY TO ADOPT
THE BUDGET.
ALL OF
THIS BUDGET LEGISLATION WAS
SUMMARIZED IN THE
MISCELLANEOUS AND AND ISSUE A
DEDICATION PAPER THAT
WAS ISSUED OCTOBER 16th.
AND IT IS LISTED HERE
WITH A REFERENCE.
BUT THIS IS REALLY A PACKAGE OF
LEGISLATION THAT IS NECESSARY
TO IMPLEMENT THE
PROPOSED BUDGET, THE ACTION AND
THE CHANGES THROUGH
THE BALANCING PACKAGE.
THERE WILL BE A FEW
ADDITIONAL PIECES.
BUT FOR THE SAKE OF TIME, I
WASN'T INTENDING TO READ ALL OF
THESE THROUGH AS ALL
OF YOUR AMENDMENTS WOULD BE
REFLECTED IN THE PACKAGE
OF LEGISLATION THAT WILL
ULTIMATELY GET ACTED ON TO
IMPLEMENT AND ADOPT.
>> OKAY.
THANK YOU VERY MUCH.
COUNCILMEMBERS, IS
THERE ANYTHING ELSE THAT YOU
WOULD LIKE TO SPEAK
ABOUT HERE TODAY?
>> OKAY.
I'M NOT SEEING ANY HANDS.
LET'S JUST
GIVE A QUICK ROUND OF APPLAUSE
FOR OUR STAFF FOR ALL
OF THIS INCREDIBLE WORK.
IF YOU WERE IN PERSON, WE
WOULD ALL GET A CHANCE TO SEE
YOU AND STANDING FOR
THE INCREDIBLE EFFORTS YOU HAVE
PUT INTO NOT ONLY
MAKING SURE THAT WE HAVE
REBALANCED THE EMERGENCY
RESERVES BUT THAT THE VAST
MAJORITY OF
COUNCILMEMBER'S PRIORITIES,
VAST MAJORITY WERE
INCLUDED IN THIS PACKAGE AND
THAT WE MADE
SUBSTANTIAL INVESTMENTS INTO
THE HERE AND NOW FOR
IMMEDIATE INVESTMENTS
PREDOMINANTLY SERVING THE
COMMUNITIES AND SMALL
BUSINESSES AND THE MOST
VULNERABLE RESIDENTS AND WE ARE
PLANNING FOR FUTURE
EFFORTS THROUGH COMMUNITY LED
STRATEGIES LIKE THE
PARTICIPATORY BUDGETING PROCESS
AND MAINTAINING
FUNDING FOR THE TASK FORCE
INITIAL ASKS.
YOU HAVE
DONE HERO'S WORK.
CENTRAL STAFF, THIS HAS BEEN AN
HONOR TO WORK WITH YOU AND TO
SEE ALL THE SAUSAGE
MAKING BEHIND-THE-SCENES.
IT IS A VERY WELL
RECEIVED BUDGET PROJECT.
I KNOW THERE IS A LOT TO
BE DISCUSSED POTENTIALLY OVER
THE NEXT FEW DAYS.
BUT A GREAT FRAMEWORK YOU HAVE
ESTABLISHED FOR US
AND I WANT TO THANK OUR COUNCIL
COLLEAGUES FOR ALL
OF YOUR WORK.
THIS IS TRULY A REFLECTION OF
ALL OF
YOUR EFFORTS.
WE PUT A NICE LITTLE SUMMARY
VIDEO ON
OUR SOCIAL MEDIA TODAY JUST
HIGHLIGHTING SOME OF THE
INCREDIBLE EFFORTS MOVING
FORWARD AND THE WORK
SPECIFICALLY ON CREATING THIS
VIDEO GRAPHIC THAT
SHOWS JUST A FEW OF THESE 150
EFFORTS THAT YOU ALL
HAVE WORKED ON ADDRESSING OVER
THE COURSE OF THE
LAST TWO MONTHS.
SO THANK YOU AND THANK YOU TO
CENTRAL STAFF.
I THINK WE WILL TRANSITION TO
THE
NEXT ITEM.
>> MADAME CLARK, DO YOU MIND
READING INTO THE
RECORD THE NEXT ITEM ON THE
AGENDA?
>> THE NEXT ITEM ON THE AGENDA
IS ITEM OF
BUSINESS.
NUMBER 142 REVENUE FORECAST
UPDATE.
>> THANK YOU VERY MUCH.
I WANT TO WELCOME THE
FOLKS FROM THE CITY'S BUDGET
OFFICE.
I KNOW THAT
YOU HAVE BEEN LISTENING IN TO
OUR DELIBERATIONS
TODAY AND APPRECIATE ALL OF THE
REVENUE FORECAST
INFORMATION.
WE ARE SCOPING THIS
PRESENTATION TO
JUST THE REVENUE FORECAST
INFORMATION.
WE KNOW
THERE IS OVERLAP WITH THE
EXECUTIVE'S OFFICE.
WE
HAVE ALREADY DISCUSSED SOME OF
THE MESSAGES WE HAVE
RECEIVED FROM THE EXECUTIVE ON
THE PROPOSED BUDGET
HERE.
BUT TODAY'S PRESENTATION IS
SPECIFIC TO THE
REVENUE FORECAST SO THAT WE CAN
ASK QUESTIONS AND
REVEAL BACK THE INFORMATION IN
FRONT OF US.
WE
APPRECIATE ALL OF YOUR WORK.
AND DIRECTOR, I SEE
YOU UP THERE.
THANK YOU FOR YOUR WORK THE
LAST
YEAR.
WE NOTED AT THE BEGINNING OF
THE MEETING IT
WAS A LONG YEAR.
THANK YOU FOR YOUR WORK ON THIS
PRESENTATION HERE AS WELL.
>> THANK YOU.
A BRIEF INTRODUCTION AND I WILL
TURN IT OVER TO DAVE DENNIS IN
THE REVENUE FORECAST
TEAM TO WALK YOU THROUGH MORE
OF THE DETAILS.
CONSISTENT WITH OUR OVERALL
APPROACH YEAR-TO-YEAR,
WE DO AN IN-DEPTH FORECAST IN
APRIL AND ANOTHER
REVENUE FORECAST IN AUGUST.
AND WE PROVIDE YOU AN
UPDATE HERE IN LATE OCTOBER,
1st OF NOVEMBER.
WE
SENT YOU A MEMO ABOUT A WEEK
AGO GIVING YOU THE
UNDERLYING FINANCIALS OF THE
UPDATE.
THE GOAL TODAY
WAS TO GIVE YOU MORE OF THE
BACKGROUND ABOUT WHAT
WAS DRIVING THE CHANGE IN THE
REVENUE FORECAST WHICH
WAS A NOTABLE INCREASE.
ALSO TO HIGHLIGHT SOME OF
THE RISKS THAT REMAIN.
THAT IS THE PURPOSE OF THE
PRESENTATION.
WITH THAT, I WILL TURN THIS
OVER TO
DAVE.
AND WALK YOU THROUGH.
>> CAN YOU HEAR ME?
>> WE CAN HEAR YOU.
THANK YOU VERY MUCH.
WE
CANNOT SEE YOU.
WE CAN HEAR YOU WELL.
>> WE GO TO THE FIRST LIED.
AS BEN SAID, WE ARE
WATCHING A NUMBER OF THINGS AND
ALSO LOOKING AHEAD.
THE PLAN BEFORE YOU WAS THE END
OF SEPTEMBER WHICH
WAS THE BASIS OF THE PROPOSED
BUDGET.
THE MAYOR'S
PROPOSED BUDGET THAT YOU ARE
NOW WORKING THROUGH.
THIS FORECAST IS BASED ON DATA
THROUGH THE 3rd
QUARTER.
AND THAT IS IMPORTANT FOR A
COUPLE OF
REASONS.
NUMBER ONE IN THE VERY FIRST
SLIDE, WHAT
WE ARE SEEING NOW IS A RISE IN
COVID-19 CASES IN
KING COUNTY.
THE CHART YOU ARE SEEING HERE
IS A
MEASURE OF TEST POSITIVITY.
OF THOSE THAT TAKE THE
TEST, HOW MANY ARE POSITIVE?
AS YOU CAN SEE ON THE
RIGHT-HAND SIDE OF THE CHART,
THERE IS A SIGNIFICANT
INCREASE IN THE LAST MONTH, SIX
WEEKS OR SO.
AND
INTERESTING ABOUT THIS IS THAT
THE NET FORECAST WE
BASE OUR REGIONAL FORECAST ON
DIDN'T REALLY CAPTURE
THIS INCREASE.
IT WAS DONE BEFORE THAT.
WE WERE
WATCHING THIS CLOSELY AND THAT
AFFECTED WHAT WE DID
IN TERMS OF WHAT WE ARE
PRESENTING TO YOU TODAY.
AS
YOU CAN SEE FROM THE BULLETS,
THE TEST POSITIVITY
RATE HAS MORE THAN DOUBLED IN
THE LAST MONTH OR SO
TOO .7% POSITIVE.
AND THIS IS IMPORTANT AS KING
COUNTY REMAINS IN PHASE 2. BUT
I SUPPOSE NOT
INCONCEIVABLE THAT THE -- IF
THIS WERE TO
CONTINUE, MIGHT MOVE BACKWARDS
ALONG THE REOPENING
PLAN.
AND SO WE WILL BE WATCHING THAT
CLOSELY.
IT
ALSO POINTS OUT HOW UNIQUE THIS
PARTICULAR SITUATION
IS.
IF WE GO TO THE SLIDE.
WE SHOWED YOU THIS.
THE RED LINE ON THE LEFT-HAND
SIDE OF THE CHART, YOU
CAN SEE THE DROP OFF.
AND THE INCREASE ALL IN THE
FIRST YEAR OF THE MOST RECENT
SITUATION.
THE MOST
RECENT RECESSION.
IT IS A TYPICAL RELATIVE TO
PREVIOUS RECESSIONS WHERE IT
WAS A GRADUAL DISSENT
AND TO AND RISE OUT OF THE
PERIOD IN TERMS OF WHAT
THIS CHART IS SHOWING.
I THINK WITH OUR NEW
FORECAST, WE ARE EXPECTING A
FASTER RECOVERY.
BUT
WE DON'T QUITE KNOW WHERE THE
RED LINE IS GOING AT
THIS POINT WHICH IS OUR
CONCERN.
YOU SEE IT
STARTING TO TURN TO THE RIGHT
AND FLATTENING AND THE
JOB RECOVERY HAS NOT BEEN --
IT HAS BEEN SLOWING.
NEXT SLIDE.
>> THIS IS ANOTHER VIEW OF THE
UNIQUENESS OF THIS
PROCESSION AND OUR SITUATION.
WHAT THIS CHART IS
SHOWING IS THAT THE ACTION IS
AFFECTING DIFFERENT
SECTORS OF THE ECONOMY.
THE TOTAL ENVIRONMENT WHICH
IS THE TOP LINE OF THIS AND IF
WE LOOK AT THE BLUE
DOTS, YOU CAN SEE THAT
CURRENTLY THEY ARE AT A MINUS
SIX, MINUS 7%.
THAT IS TOTAL EMPLOYMENT FOR
THE
SEATTLE MSAA.
AND THEN YOU CAN SEE THE OTHER
AREAS.
CONSTRUCTION, MANUFACTURING AND
TRADE.
MANY OF
THESE WERE FURTHER TO THE LEFT.
MORE NEGATIVE THE
LAST TIME.
THAT WAS THROUGH JULY.
WE ARE SHOWING
YOU THAT SOME OF THE DOTS TO
THE RIGHT -- AND
CONSTRUCTION HAS RECOVERED A
LITTLE MORE.
RETAIL
TRADE IS AT ZERO.
AND GROWTH.
BUT AS YOU CAN SEE,
SOME OF THEM HAVE ACTUALLY
GOTTEN WORSE SINCE
SEPTEMBER.
AND LEISURE AND HOSPITALITY,
ALTHOUGH IT
HAS IMPROVED TO ABOUT MINUS
26%, IT IS STILL NOT --
THESE ARE LIMITED BY HOW THE
ECONOMY CAN RESPOND TO
THIS VIRUS.
HOW WE AS A SOCIETY CAN RESPOND
TO THE
VIRUS AND WHAT WILL OPEN AND
WHAT WILL NOT.
SO WE
CONTINUE TO WATCH THIS CLOSELY.
THE RIGHT-HAND SIDE
OF THE CHART IS EMPLOYMENT
SHARE.
IN SOME RESPECTS,
WE HAVE A VERY LARGE DROP OFF
WITH UNEMPLOYMENT AND
THEY REPRESENT ABOUT 10% OF THE
ECONOMY OF LABORERS.
SO YOU CAN START TO SEE THE
RELATIVE EFFECTS OF THIS
CHANGE. NEXT SLIDE. WHEN WE
MAKE OUR FORECAST, AS
WE SAID, WE BEGIN WITH THE
NATIONAL FORECAST.
AND
THEY DO THE FORECAST AND WE
TAKE THAT AND WE
CONVERTED. WE THEN USE THAT TO
MAKE THE REVENUE
FORECAST.
AND SO WHAT THIS IS SHOWING IS
ESSENTIALLY THAT SINCE THE
LAST, WE HAVE HAD
SIGNIFICANT CHANGE IN VARIOUS
MEASURES.
AND WHAT WE
ARE SHOWING HERE AS THE END OF
LIMIT RATE AND
PERSONAL OUTLAY.
THE ON EMPLOYMENT RATE HAS
DROPPED
SIGNIFICANTLY AS YOU CAN SEE
FROM 11.7%, WHICH WAS
THE BASIS OF THE PROPOSED
BUDGET, DOWN TO 8.8% FOR
QUARTER THREE AND QUARTER FOUR.
DROPPED DOWN TO
ABOUT THE SAME.
8.3.
SO WE ARE EXPERIENCING FUTURE
GROWTH.
AND WE DON'T KNOW IF WE WILL
TAPER OUT
GOING IN.
PERSONAL OUTLAY ON THE RIGHT-
HAND SIDE OF
THE CHART IS IMPORTANT BECAUSE
YOU CAN SEE 95%.
SO
5% BELOW WHAT WE EXPECT.
>> I'M SORRY TO INTERRUPT YOU.
THERE IS A BIT OF
A GLITCH IN YOUR AUDIO.
I WANT TO MAKE SURE.
KINFOLKS HEAR DAVE OKAY?
>> THERE IS.
>> WHAT YOU DROP TO VIDEO AND
SEE IF THAT IMPROVES
AUDIO.
>> THANK YOU, DAVE FOR MAKING
YOURSELF AVAILABLE.
SOMETIMES IT IS HELPFUL TO BE
ABLE TO READ LIPS IF
THERE IS A GLITCH BUT THIS IS
SOMETIMES A GREAT
SOLUTION.
THANK YOU FOR LETTING ME
INTERRUPT YOU.
>> SORRY WE CANNOT HEAR VERY
WELL.
>> ANYWAY, THE BOTTOM LINE
HERE IS THAT WE ARE
SEEING IMPROVEMENT.
A 5% BELOW WHAT WE WOULD HAVE
BEEN BEFORE OR WE WE WERE IN
2019Q4 AND THAT IS UP
FROM PREVIOUS PROPOSED BUDGET.
THE OUTLAY IS
IMPORTANT.
THAT IS EXPENDITURE.
AND SO THIS IS
HAVING MONEY IN THEIR POCKET.
THAT IS WHAT IS
DRIVING THAT WHICH AS WE SAY,
SIGNIFICANTLY IMPROVES
THE OUTLOOK FOR THE SECOND HALF
OF 2020 AND CARRIES
FORWARD INTO 2021.
THE NEXT SLIDE.
>> PICTURES.
THE SAME UNEMPLOYMENT RATE AND
PERSONAL OUTLAY.
WHAT THIS DOES IS SHOWS THE
DIFFERENCE IN A MORE VISUAL
DISPLAY OF HOW MUCH IT
HAS MOVED UP FROM THE PROPOSED
BUDGET BASED FORECAST
TO WHAT WE ARE SHOWING YOU IN
THE CURRENT UPDATE.
ONE OF THE IMPORTANT THINGS TO
RECOGNIZE HERE IS
THAT UNLIKE OUR JULY 2020
FORECAST, IN OCTOBER, THIS
INCLUDES A 300-DOLLAR PER WEEK
EMERGENCY
UNEMPLOYMENT WHICH WAS ASSUMED
TO BE PAID OUT FROM
OCTOBER THROUGH THIS YEAR.
AND SO THAT IS IN THE IH
PHASE.
WE BELIEVE THAT THEY ARE NOT
GOING TO MAKE
THAT.
ALTHOUGH WE MAY GET A STIMULUS
AT SOME POINT,
WE DON'T KNOW WHEN THAT WILL BE.
BUT WE THINK IT
WILL BE ON THE BASELINE
FORECAST.
PERSONAL INCOME
IS EXPECTED TO RISE QUITE
SIGNIFICANTLY.
BUT AGAIN,
LOOKING AT THESE, WE BELIEVE IT
WILL BE A LITTLE
MORE THAN ACTUAL RISE IN
INCOME.
SO THAT AFFECTS
THE FUTURE.
NEXT.
>> SO NOW THE REGIONAL
ECONOMIC FORECAST.
AND
THESE CHARTS LOOK ROUGHLY THE
SAME.
WE ARE NOT
EXPECTING SIGNIFICANT
DIFFERENCE BETWEEN THE LOCAL
AREA IN THE SEATTLE DISTRICT.
IT IS SLIGHTLY
DIFFERENT.
WE WON'T BELABOR THAT.
IT JUST SHOWS
THE CONNECTION BETWEEN THE
REGIONAL FORECAST AND THE
REGIONAL ECONOMY AND NATIONAL
ECONOMY.
YOU CAN SEE
SOME STATISTICS ON THE LEFT-
HAND SIDE ABOUT HOW IT
MIGHT IMPROVE BETWEEN THE JULY
AND OCTOBER FORECAST.
MOVING TO THE NEXT SLIDE PLEASE.
I HAVE BEEN
SPEAKING TO SOME OF THESE.
WE WANTED TO BRING TO
YOUR ATTENTION SOME OF THE RISKS
THAT WE WANTED TO
RAISE.
CORONAVIRUS CASES THIS YEAR AND
THAT IS
DIFFERENT FROM FORECAST
ASSUMPTIONS.
A LOT OF THIS
IS NEXT NATION OF WHY WE ARE
USING A SLOWER GROWTH
SCENARIO RELATIVE TO THIS.
AGAIN, THE STIMULUS, WE
DON'T BELIEVE IT WILL BE
AVAILABLE UNTIL LATER WHICH
WILL PUSH BACK GROWTH.
IT WILL HAVE A SIGNIFICANT
EFFECT IF AND WHEN.
QUOTE -- WE BELIEVE IT WILL
COME LATER WHICH DELAYS OUR
ACTIVITY.
AND BOEING
ANNOUNCED ADDITIONAL LAYOFFS
WHICH I THINK YOU HAVE
ALL PROBABLY SCENE.
IT IS WORSE THAN BEFORE.
ABOUT
TWICE AS MANY JOBS ARE PLANNED
TO BE REMOVED.
AND
THEY HAVE NOT COME OUT AND SAID
EXACTLY HOW MANY
WILL BE LOCAL TO OUR AREA.
BUT IT IS BELIEVED THAT
THE MAJORITY WILL BE HERE IN
THIS AREA BECAUSE OF
THE COMMERCIAL ACTIVITY.
SO THAT WAS NOT PART OF
THE FORECAST.
IT IS PART OF OURS TO THE
EXTENT THAT
WE WERE AWARE OF THIS.
FINALLY, WORK FROM HOME IS
CREATING SOME UNCERTAINTY FOR
US ABOUT BEING ON THE
PAYROLL TAX REVENUES.
THE BASIS FOR THESE TAXES IS
WHERE THE WORK IS GETTING DONE.
AND BECAUSE PEOPLE
ARE WORKING FROM HOME, WE ARE
UNCERTAIN HOW THAT
WILL AFFECT PEOPLE'S TAX
PAYMENTS.
>> LET'S PAUSE HERE.
WE ARE SLIGHTLY AHEAD OF
TIME.
I WANT TO TAKE THE CHANCE TO
SEE IF
COUNCILMEMBERS HAVE HAD
QUESTIONS ON PREVIOUS
SLIDES.
SINCE WE ARE SORT OF SPEEDING
THROUGH THIS,
I WANT TO PAUSE REALLY QUICK.
I'M NOT SEEING ANY
HANDS.
I WILL ASK A FEW QUESTIONS.
COUNCILMEMBER
PEDERSEN.
>> IN TERMS OF THE
UNCERTAINTY, IS THEIR SOMETHING
WE WILL BE DOING TO TRY TO
INCREASE CERTAINTY?
SO
THE LAST BULLET WORKING FROM
HOME CREATES HIGH
UNCERTAINTY REGARDING BEING ON
PAYROLL TAX REVENUE,
ONE OF MY FORM A'S IS ABOUT
HAVING O HE KEPT ALL
CAPS HER BIG BUSINESSES ABOUT
WHAT THE 2022 LEASE
PLANS ARE AND WILL THEY RENEW
THEM DOWNTOWN OR KEEP
WORKING FROM HOME?
I'M JUST HOPING THAT THE
EXECUTIVE IS THINKING ABOUT THE
PLAN FOR HOW TO
INCREASE CERTAINTY AROUND THESE
QUESTIONS BECAUSE I
KNOW A LOT OF CITIES, MORE
EXPENSIVE CITIES ARE
HAVING TO DEAL WITH THIS ISSUE.
>> WE INCLUDED THAT REPORT
REQUEST COUNCILMEMBER
PEDERSEN.
>> I DON'T THINK THAT MADE IT
THROUGH BUT IT IS
SOMETHING WE CAN ALWAYS REVISIT
NEXT YEAR WHEN WE
SEE HOW THINGS START TO SETTLE.
>> GOOD QUESTION.
I WILL JUST PILE ON TO YOUR
QUESTION.
I ALSO HAD A QUESTION ON THIS
LINE.
AND
MAYBE DAVE, IF YOU CAN TAKE
BOTH OF THE QUESTIONS
RELATED TO THE LAST BULLET
HERE.
IF YOU CAN TALK
ABOUT THE WORK THAT TALKS ABOUT
CLEARING UP THIS
UNCERTAINTY, SIMILAR TO
COUNCILMEMBER PETERSON'S
QUESTION.
AND IS THIS A CLEAR NEGATIVE
RESORT IS
THIS ALSO A POSSIBILITY THAT IT
COULD RESULT IN
SOMETHING THAT IS POSITIVE?
>> WE ARE LOOKING AT ALL THE
DATA THAT WE CAN TO
RESOLVE THE UNCERTAINTY.
WE ARE RECEIVING THIRD
QUARTER PAYMENTS AT THIS TIME.
YOU MIGHT NOT BE
ABLE TO SEE MUCH EVIDENCE IN
THE CHANGE IN WHAT
PEOPLE ARE PAYING.
WE MAY HAVE TO WAIT FOR THE
4th QUARTER PAYMENTS WHICH WILL
NOT COME IN UNTIL
(INDISCERNIBLE) AND WE WON'T
HAVE A GOOD UNDERSTANDING OF
THAT.
WE
ARE LOOKING AT OTHER DATA AS
MUCH AS POSSIBLE.
THE
LEASE INFORMATION WOULD BE VERY
VALUABLE.
IF WE CAN
úGET OUR HANDS ON THAT.
WHAT WE ARE DOING -- AS I
MENTIONED, WE ARE TRYING TO
LOOK AT THE TAX PAYMENTS
AND THE REPORTING THAT IS DONE
WITH THE TAX AND AS I
SAID,
(INDISCERNIBLE) SO I'M NOT SURE
WE WILL BE ABLE TO ANSWER THIS
QUESTION WITH MUCH CERTAINTY
UNTIL NEXT YEAR
UNFORTUNATELY.
>> ONE OF THE CHALLENGES WE
HAVE IS THAT FOR THE
BNO TAX, ONE OF THE FACTORS
THAT DETERMINES IT IS
WHERE EMPLOYMENT OCCURS.
IT IS A CALCULATION THAT
TAKES INTO ACCOUNT A FULL YEAR
OF EMPLOYEE
ACTIVITIES.
SO UNTIL WE SEE THE FINAL
PAYMENTS FOR
THE YEAR WHICH WE RECEIVED BY
THE MIDDLE OF
FEBRUARY, PARTICULARLY AT THE
END OF JANUARY AND A
MONTH AFTER THE END OF THE
QUARTER AND WE TAKE SOME
TIME TO PROCESS.
WE HAVE BEEN LOOKING FOR THIS
IN
THE DATA TO DATE.
IT IS A YEAR OF CALCULATION IN
TERMS OF WHERE EMPLOYEES HAVE
SPENT TIME OVERALL.
IT IS CRITICAL TO GET THE YEAR
END DATA FOR THE
BOTTOM LINE.
SO THAT WILL BE SOMETHING WE
SHARE
WHEN WE HAVE THAT INFORMATION.
>> OTHER QUESTIONS?
I WILL MOVE ON TO MY NEXT
QUESTION, DAVE.
THE NATIONAL IHS MARKET DATA
USED
FOR THIS FORECAST, PUTS US AT A
30% CHANCE OF BEING
CORRECTED AND A 70% CHANCE OF
REVENUE BEING BETTER.
HAS IHS ISSUED ANY SUBMENTAL
GUIDANCE THAT CHANGES
THE PROBABILITIES?
>> NO.
THEY PRODUCE THAT WITH EACH
FORECAST.
AND
SO THEY WILL BE COMING OUT WITH
ANOTHER FORECAST
EVERY MONTH.
IT MAY SHIFT THE PROBABILITIES.
THE
BASELINE WAS AT 50%.
>> SO SINCE MAY, HAS THE
ACTUAL REVENUE COLLECTION
DATA BEEN CLOSER TO THE
BASELINE FORECAST OR THE
PESSIMISTIC FORECAST?
>> FOR THE LONGEST TIME IT WAS
TRACKING WELL TO
THE PESSIMISTIC.
AS IT TURNED, AS THE ECONOMY
HAS
TURNED UP A LITTLE BIT, IT
STARTED TO RISE ABOVE THE
PESSIMISTIC TOWARD THE BASELINE
. BUT IT DEPENDS ON
WHICH REVENUE STREAM WE ARE
TALKING ABOUT AS WELL.
>> I GET THAT THERE IS THIS
IN COVID-19 AND DON'T KNOW HOW
THIS WILL IMPACT THE
ECONOMY IN THE COMING YEAR.
I'M INTERESTED TO KNOW
IF THERE IS ANY ADDITIONAL
GENERAL FUND REVENUE AND
HOW MUCH ADDITIONAL GENERAL
FUND REVENUE WOULD BE
GENERATED IN 2020 AND IN 2021
IF REVENUE ACTUALLY
CAME IN CLOSER TO THE BASELINE
FORECAST AS THEY HAVE
BEEN TRENDING TOWARDS AND
WHETHER OR NOT THE
BASELINE OR THE PESSIMISTIC
FORECAST HAS MORE OF A
CHANCE, MORE OF A PROBABILITY
OF BEING CORRECT.
>> WITH RESPECT TO THE LOCAL
ECONOMY, WE FIRMLY
BELIEVE THAT THE SLOW GROWTH
PESSIMISTIC FORECAST IS
A HIGHER PROBABILITY AT THIS
STAGE AND FOR THE
REASONS WE DESCRIBED HERE.
THE NATIONAL FORECAST
CAPTURES INFORMATION AT A
NATIONAL LEVEL AND WE
THINK THERE ARE FACTORS LOCALLY
THAT INFLUENCE HOW
WE SHOULD PROJECTED ON TO THE
LOCAL ECONOMY.
IN
TERMS OF ITS POTENTIAL IMPACT,
THE DIFFERENCE IS
VERY SIGNIFICANT.
THE BASELINE FORECAST WOULD
GENERATE TENS OF MILLIONS MORE
IF IT WERE TO BE
REALIZED.
BUT THE COMMUNICATIONS WE HAVE
ARE THAT
WE ARE CLOSER TO THE SLOWER
GROWTH STILL AND THE
ISSUES ARE IDENTIFIED HERE ON
THE SLIDE IN TERMS OF
THE RISK GOING FORWARD.
>> BUT IN TERMS OF ACCEPTABLE
LEVELS OF RISK, IS
THAT THE RULE OF THE BUDGET
OFFICE TO DETERMINE THE
ACCEPTABLE LEVEL OF RISK FOR
THE REVENUE FORECAST?
OR IS THAT THE COUNCIL'S JOB TO
DO GIVEN THAT WE
HAVE THE POWER OF THE
LEGISLATIVE BRANCH AND THE
FINAL BUDGET?
>> IT HAS BEEN A TASK OF THE
CITY REVENUE TEAM IN
CONSULTATION WITH FOLKS FROM
THROUGHOUT THE CITY.
WE SHARED ALL THE DETAIL AND
ALL THE UNDERLYING
ASSUMPTIONS IN THE CENTRAL
STAFF HAS DONE THAT
THROUGHOUT THE YEAR.
SO I THINK THAT IS THE ANSWER.
>> OKAY.
A FOLLOW-UP QUESTION.
THIS GOES BACK TO
A FEW SLIDES WERE WE WERE
LOOKING AT THE POSSIBILITY
OF FEDERAL STIMULUS DOLLARS.
I GUESS A QUESTION
ABOUT, HOW DOES THE NATIONAL
CORONAVIRUS INFECTION
RATE CHANGE THE LOCAL FORECAST?
AND -- TO MAKE.
>> THE DATA WE SHOWED YOU ON
THE INFECTION RATES
ARE THE LOCAL NUMBERS.
WE ARE SEEING A SPIKE HERE.
OURS IS RELATIVE TO WHERE WE
HAVE BEEN.
BUT I'M NOT
A PUBLIC HEALTH EXPERT.
I CAN TELL YOU THAT IT IS
CONCERNING TO THEM.
>> CAN YOU LET US KNOW AS
WELL.
IF WE CONTINUE TO
SEE CORONAVIRUS CONTINUE TO
SPIKE HERE IN THE
PACIFIC NORTHWEST AND AT HIGHER
RATES ACROSS THE
NATION, WE WANT TO BE
OPTIMISTIC ABOUT WHAT THE
FEDERAL GOVERNMENT CAN
POTENTIALLY OFFER TO US.
WE
KNOW THERE IS STILL A DIVIDED
GOVERNMENT AT THE
NATIONAL LEVEL.
IS IT POSSIBLE THAT THE FEDERAL
STIMULUS DOLLARS ARE NOT GOING
TO BE GIVEN IN 2020
BUT IT IS GIVEN IN 2021?
WOULDN'T THIS JUST SHIFT
THE REVENUE IMPACT FROM 2020,
TO 2021?
>> IT WILL DELAY.
THE SHIFT WILL HAVE AN IMPACT.
SO LESS MONEY IN 20 -- THAN
LESS TOTAL MONEY IN
2021 IN TERMS OF REVENUE.
THE OVERALL RECOVERY WILL
HAVE BEEN SLOW IN ALL LIKELIHOOD
. AND AGAIN, WE
FULLY -- THE FORECASTLE
ANTICIPATES THAT THERE
WILL BE SOME FEDERAL TUMULUS.
BOTH SLOW GROWTH AND
THE BASELINE ANTICIPATE THAT.
IT IS A QUESTION OF
TIMING AND A TIMING THAT
UNDERLIES THE NATIONAL
FORECAST -- THE STIMULUS
WOULD ACTUALLY BE
AVAILABLE IN OCTOBER.
THE NATIONAL FORECAST WAS
MORE THAN A-MONTH-OLD.
WE KNOW THAT IS NOT THE CASE
AT THIS POINT.
I THINK EVERY EXPECTATION WILL
BE
ADDITIONAL FEDERAL SUPPORT.
IT IS UNCLEAR IF THAT
HAPPENS AT YOUR END OR FIRST
THING NEXT YEAR BUT WE
FULLY ANTICIPATE THAT.
THAT DELAY WILL ULTIMATELY
DECREASE THE RESOURCES
AVAILABLE IN 20 AND IN 21.
>> DO YOU MIND GOING BACK TWO
SLIDES.
I WOULD
LIKE TO TAKE A LOOK AT SLIDE
NUMBER SIX.
AS WE LOOK
AT THESE TRENDS HERE, IS IT
POSSIBLE THAT MUCH OF
THE PROPOSED FISCAL STIMULUS
WOULD BE SAVED AND NOT
TRANSLATE INTO ECONOMIC
ACTIVITY FOR THIS YEAR?
>> THE KEY IS, TO WHOM THE
STIMULUS IS PROVIDED.
FOLKS SAVING OR FOLKS WHO --
ARE EARNING MONEY BUT
DON'T NECESSARILY HAVE STIMULUS.
THE PREVIOUS
UNLIMITED TUMULUS WAS REALLY
TARGETING THOSE WITH
LOST INCOME.
THE EXPECTATION THAT THE
STIMULUS WILL
LARGELY BE SPENT.
MAYBE NOT ALL OF IT BUT THE
NOTION OR THE EXPECTATION IS
THAT STIMULUS TARGETED
TOWARD THOSE THAT SUFFER JOB
LOSSES WILL TRANSLATE
INTO SPENDING.
BUT THERE IS THE DYNAMIC IN
THERE.
THE UNCERTAINTY CREATED OVERALL
BY THE VIRUS HAS
PEOPLE THOUGHTFUL ABOUT THE WAY
THEY SPEND.
>> OKAY.
ANY ADDITIONAL QUESTIONS.
PLEASE GO
AHEAD DAVE.
>> THERE IS EVIDENCE THAT EVEN
THOSE AT THE LOWER
END OF THE INCOME SPECTRUM THAT
RECEIVE STIMULUS
CHECKS SAVE SOME OF IT.
IT DOESN'T MEAN THEY'S --
DIDN'T SPEND IT LATER WHEN THEY
NEEDED IT AT A LATER
SAVINGS INCREASE. PART OF THE
PERSONAL SAVINGS HAS GONE UP
QUITE SIGNIFICANTLY.
NORMALLY WE ARE AT ABOUT 7% ON
A REGULAR BASIS.
AND
IT HAS JUMPED UP TO ABOUT 14%
THIS YEAR.
>> OKAY.
NO ADDITIONAL QUESTIONS.
DO YOU MIND,
SINCE WE ARE TAKING A QUICK
PAUSE, CAN WE GO BACK
ONE SLIDE AS WELL.
SO THE DATA THAT WAS SHARED
WITH
CENTRAL STAFF SHOWED THAT SINCE
MAY, THERE HAVE BEEN
STEADY MONTHLY IMPROVEMENTS IN
ALL MAJOR ECONOMIC
VARIABLES INCLUDING GDP AND IN
LIGHT OF THE
CONTINUING TREND IN THE
POSITIVE DATA, LET ME ASK
THIS ONE MORE TIME IN A
DIFFERENT WAY.
WHY IS THE
CITY BUDGET'S OFFICE DECREASING
REVENUE IN THE
AUGUST FORECAST REFLECTED
ESPECIALLY WHEN IT APPEARS
FROM THE RESEARCH WE HAVE DONE
WITH OUR PEERS THAT
THEY WERE INCREASING THEIR
FORECAST?
>> I BELIEVE THAT WAS LARGELY
A TIMING ISSUE.
THEY WERE MAKING FORECASTS
AFTER WE WERE MAKING
FORECASTS.
AND SO WHAT WE WERE SEEING WAS
A
DIFFERENT TIME PERIOD.
AND THAT RESULTED IN A
DECREASE.
AND THEY HAD AN ADDITIONAL
MONTH.
I
DON'T KNOW IF TWO BUT JUST ONE
WHERE THINGS STARTED
TO TURN UP.
AND SO I THINK IT IS DOWN TO
MOSTLY
TIMING.
THE OTHER ISSUE IS WHEN THEY
MADE THE PRIOR
FORECAST AGAINST WHICH THEY
WERE COMPARING.
ON SO
IF THEY WERE PARTICULARLY LOW
ON THE ORIGINAL
FORECAST AND THE GROWTH OR THE
LACK THEREOF WOULD
SHOW UP JUST BASED ON THE
TIMING OF THE BASE AND THE
NEW FORECAST.
>> THE INITIAL FORECAST
ACTUALLY WASN'T AS DIRE AS
SOME AT THE STATE LEVEL.
WE ADJUSTED OURS FROM A
DIFFERENT BASE AS WELL.
AS WELL AS A TIMING ISSUE.
>> WE ARE CAPTURING THE SAME
SIMILAR GROWTH TO IT
THEY ARE SHOWING.
IT IS JUST THAT WE ARE DOING IT
AT A DIFFERENT TIME PERIOD.
>> THAT IS HELPFUL TO KNOW.
WHAT'S GONE TO SLIDE
NUMBER NINE.
>> ALL RIGHT.
GIVEN LARGE REVISIONS TO THE
NATIONAL FORECAST AND THEREFORE
THE REGIONAL, WE ARE
SEEING LARGE (INDISCERNIBLE)
AND REAL ESTATE EXCISE TAX AND
SALES TAX.
EVEN AS
THOSE ARE GOING UP, WE ARE
SEEING SOME OF THE OTHER
REVENUES THAT WE HAVE BEEN
DISCUSSING ALL MORNING
ABOUT COMMERCIAL PARKING TAX,
SWEET AND BEVERAGE
TASK.
SOME OF THOSE ARE DECLINING.
THERE LIMITED
BY THE ABILITY OF PEOPLE TO
MOVE AROUND AND TRAVEL
AND SO FORTH.
AND SO WE ARE SEEING KIND OF A
MIXED
PICTURE. AS YOU CAN SEE FROM
THE BULLET POINTS, YOU
CAN SEE SOME OF THE CHANGES
GOING UP IN BNO SALES.
AND WE ARE MAKING SIMILAR
ADJUSTMENTS TO THE RETAIL
SALES.
WITH KING COUNTY AND THE OTHERS
. FOR
EXAMPLE, WESTERN WASHINGTON
UNIVERSITY.
THEY TOOK
OVER THE PUGET SOUND ECONOMIC
FORECAST AND ARE ALSO
SHOWING IMPROVEMENTS FROM THE
PRIOR FORECAST.
NEXT
SLIDE.
>> PAUSING REALLY QUICK.
IS THERE ANY
CONFIDENTIALITY HERE AROUND THE
DATA OR MODELS?
I
KNOW THAT OUR TEAM HAS BEEN
ASKING FOR THE MODELS
AND THE DATA THAT SUPPORT THE
FORECAST.
JUST
CHECKING IN TO SEE WHAT THE
TIMEFRAME IS OR IF THERE
IS ANY CONFIDENTIALITY CONCERN
WE SHOULD BE AWARE OF
BECAUSE IT WOULD DEFINITELY
LIKE TO SEE THAT.
>> NOT IN TERMS OF THE MODEL
OR THE INPUT DATA.
WE MET WITH CENTRAL STAFF AND
STANDING OFFERING TO
DO SO.
NO SECRETS ON MODELING
WHATSOEVER AND NEVER
HAVE BEEN.
>> GREAT.
I WILL FOLLOW UP.
THANK YOU SO MUCH.
JUST FOR THE PURPOSES OF
TRANSPARENCY.
THIS IS
IMPORTANT INFORMATION AS WE
LOOK AT ROUNDING OUT
WHAT RISKS AND ASSUMPTIONS WE
ARE MAKING IN THE
FORECAST.
SO WE APPRECIATE THAT OFFER AND
WE LOOK
FORWARD TO TAKING YOU UP ON
THAT.
ANY OTHER
QUESTIONS? OKAY.
>> NEXT SLIDE.
>> SO THIS IS A SUMMARY OF THE
CHANGE.
THIS IS
THE NOVEMBER FORECAST.
THIS FORECAST, PREVIOUSLY
THE AUGUST FORECAST THE BASIS
OF THE 21 PROPOSED.
SO THE LEFT-HAND COLUMN IS FOR
2020 AND THE RIGHT
COLUMN IS 2021.
AND JUST PUTTING IN THE TWO-
YEAR
TOTAL COLUMN.
FOR THE GENERAL FUND, ADDING
$36 MILLION IN THE 2020 BUDGET
AND 2021 BUDGET WE
ARE ADDING 32.5 MILLION FOR A
TOTAL OF 68.6 MILLION.
AND AS HE DISCUSSED, THROUGH
OTHER GENERAL
GOVERNMENT REVENUES THAT HAVE
BEEN DROPPING.
SO
THOSE ARE IN THE RED.
AND THEN WHEN YOU TAKE THOSE
OUT YOU END UP WITH A TWO YEAR
TOTAL OF RESOURCES
SORTED FROM A BUDGETARY
PERSPECTIVE.
REAL ESTATE
EXCISE TAX, WE CONTINUETO HAVE
A STRONG YEAR AND SO
THAT FORECAST WAS INCREASED
12.7 MILLION AND FOR
2021, WE ARE ASSUMING MORE OF A
CONSERVATIVE GROWTH
OF 2.9 MILLION GOING FORWARD.
SO ADDITIONAL
RESOURCES OVER THE TWO YEAR
PERIOD.
AND WE
SEPARATED OUT THE BENEFIT
DISTRICT.
YOU CAN SEE
THERE THAT WE ARE UP ABOUT 2.3
MILLION.
THAT IS THE
INCREASE FROM SALES TAX.
>> SINCE WE PREPARED THE
FORECAST, THE VOTE LAST
WEEK, APPROVED FUNDING FOR
2021.
AND NOW, THOSE
RESOURCES, COUNSEL PLANS TO
APPROPRIATE THOSE WHICH
MAKES SENSE.
BECAUSE THEY ARE NOW IN THE
BOOKS.
AND WE HAVE A FOOTNOTE ON THE
NEXT SLIDE.
AND AS
YOU CAN SEE, WE ARE EXPECTING
-- NO.
NEXT SLIDE.
IN THE FOOTNOTE NUMBER ONE
ABOUT THE SALES TAX.
WE
EXPECT ABOUT $33.4 MILLION.
THAT IS THE QUARTER
ESTIMATE BECAUSE WE WILL NOT
BEGIN COLLECTING THE
TAX UNTIL APRIL 1st.
SO THERE ARE A LOT OF
NUMBERS ON THIS AND WE WILL
HAVE COLUMNS.
THE
LEFT-HAND SIDE 2020 ADOPTED
BUDGET FROM LAST YEAR.
THAT IS THE NOVEMBER FORECAST
FROM 2019.
AND THAT
CAN BE COMPARED.
THE TWO COLUMNS IN THE CENTER,
THE
2020 CHANGE IN THE FAR SIDE,
2021 NOVEMBER MINUS
2021 PROPOSED.
THEY ARE SHOWING THE DIFFERENCE
BETWEEN THE NOVEMBER FORECAST
AND THE AUGUST
FORECAST.
OR AS IT SAYS IN 2020, THERE
PROPOSED
THERE.
IF YOU USE PROPERTY TAXES IN
2021, BECAUSE
CONSTRUCTION CAME IN HIGHER
THAN ANTICIPATED, YOU
CAN SEE WHAT WE DISCUSSED A
MOMENT AGO IN SALES IN
BNO TAXES.
NO CHANGE IN UTILITY TAX OR
PAYROLL TAX.
PARKING IS AN INTERESTING
STORY.
IN 2021, THE PLAN
WAS PRIOR TO UNDERSTANDING
FULLY WHAT IS GOING ON
OUT THERE IN THE ECONOMY AND
WITH THE PARKING
BEHAVIOR.
I THINK THE PLAN WAS TO HAVE
-- TO
INCREASE PARKING RATES BACK TO
A PRE-COVID-19 LEVEL
MORE RAPIDLY.
AND THIS REDUCTION OF 14.3
MILLION,
IT ACKNOWLEDGES THAT WE WON'T
BE GETTING THERE AS
QUICKLY AS FIRST ANTICIPATED
AND SDOT WILL BE
UNDERGOING VARIOUS OCCUPANCY
STUDIES AND RAISING
RATES IN A MORE MEASURED
FASHION AS WE GO ALONG, I
BELIEVE.
THAT IS THE TOP PANEL.
THE GENERAL FUND
TOTAL, YOU CAN SEE THERE ABOVE
THE LINE.
SHOWING
THE 36 MILLION IN THE CENTER.
AND 32.5 MILLION IN
THE FAR RIGHT-HAND COLUMN.
AND THE OTHER GENERAL
GOVERNMENT REVENUES SECTION
WHICH IS THE SECOND SET,
YOU CAN SEE THE TEXTS.
SUITES AND BEVERAGE TAX.
THE MERCER MEGABUCKS SALE.
COMMERCIAL PARKING TAX.
AND SOME OF THE REDUCTIONS
THERE -- AND THIS IS
ENTIRELY DUE TO THE ECONOMY.
AND THE ECONOMY NOT
RESPONDING AS QUICKLY AS WE
PERHAPS ORIGINALLY
ANTICIPATED.
>> ANY QUESTIONS?
>> SORRY.
I THOUGHT YOU WERE TAKING A
PAUSE FOR
QUESTIONS.
IT MIGHT HAVE JUST BEEN A
GLITCH.
>> WITH 9.2 MILLION, THAT WAS
THE DECISION TO
ACKNOWLEDGE THAT IT WAS NOT
OPENING IN PERSON UNTIL
THE FALL OF 2021.
THAT IS WHERE THAT DROPPED
COMES
FROM.
>> BACK TO MY POINT EARLIER,
COLLEAGUES, ABOUT MY
ONGOING QUESTIONS ABOUT HOW
MUCH SCHOOL PROGRAMMING
OR ALTERNATIVES TO TRADITIONAL
SCHOOLING IS STILL
HAPPENING AT OUR SCHOOLS AND
RECOGNIZING THAT
FAMILIES ARE STILL ACCESSING
PLAYGROUNDS AND OPEN
SPACES THERE.
I'M STILL LOOKING INTO THIS
ISSUE
AREA AS WELL.
BECAUSE WE WANT TRAFFIC TO BE
RESPONSIBLE AROUND THE SCHOOLS.
QUESTIONS SO FAR?
I KNOW IT IS A DENSE SLIDE
HERE.
OKAY.
NO
QUESTIONS SO FAR.
>> OKAY.
>> SO THE NEXT.
GRAND TOTAL GENERAL GOVERNMENT
RESOURCES.
AS YOU CAN SEE, IT IS THE SUM
OF THE
GENERAL FUND AND THE OTHER
GOVERNMENT RESOURCES
TOTAL.
AND SO ABOUT 29.4 MILLION IN
RESOURCES
COMING OUT OF 2020 AND ABOUT
12.2 COMING OUT OF
2021.
AND THEN WE HAVE THE SEPARATE
LINE FOR TAX
AND YOU CAN SEE THE INCREASES
THERE.
AND THE
TRANSPORTATION BENEFIT DISTRICT
ROUNDS OUT THE
SLIDE.
AND THAT SHOWED CURRENT LAW
PRIOR TO THESE
AND SO AS YOU KNOW, THE VEHICLE
LICENSE, THE
60-DOLLAR PORTION EXPIRED AS TO
THE 1% SALES TAX
PORTION.
(INDISCERNIBLE) WITH ELECTION,
WE ADDED 1 POINT -- OR .15%
TAX
RATE FOR THE SALES TAX SHOULD
GENERATE
33.42021 MILLION.
BUT WE GET TO CONTINUE WITH
20-DOLLAR VEHICLE LICENSE FEE
WHICH WAS PROVIDED AND
IT IS ABOUT 7.2 MILLION.
AND WITH THAT, I THINK
THAT COMPLETES.
>> THANK YOU.
I'M NOT SEEING ANY QUESTIONS,
DAVE.
I'M SORRY, DAY.
THERE IS A BIT OF A DELAY.
DID YOU
HAVE ANYTHING ELSE TO ADD?
>> NO.
>> THANK YOU BOTH.
DIRECTOR NOBLE, THANK YOU VERY
MUCH.
THANK YOU FOR WALKING US
THROUGH THIS
PRESENTATION TODAY.
WE APPRECIATE YOU ANSWERING MY
QUESTIONS AS WE TRY TO SORT
THROUGH THE VARIOUS
OPTIONS THAT COUNSEL STILL HAS
AS THE LEGISLATIVE
BRANCH CONSIDERS ITS
RESPONSIBILITY TO ALLOCATE
FUNDING IN A RESPONSIBLE WAY.
I ALSO WANT TO NOTE
THAT I HAD ASKED ALY AT THE
BEGINNING TO CLARIFY AS
WELL.
WE CONTINUE TO SEE REFERENCES
TO $57 MILLION
IN NET NEW FUNDING AND WE DID
OFFER CLARIFICATION
ABOUT THE WAY IN WHICH THE
PARAMETERS ARE AROUND
THEM AND WE HAVE DISCUSSED A
FEW TIMES TODAY AS WE
TALKED ABOUT INVESTMENT.
SO AGAIN THANK YOU TO ALIE
FOR OFFERING THAT CLARIFICATION
SO THAT WE CAN SEE
HOW THAT BUCKET IS ACTUALLY
SPLIT UP.
AND IT IS NOT
IN THE GENERAL FUND.
JUST WANTED YOU ALL TO BE
AWARE IN CASE HE DID NOT CATCH
THE BEGINNING OF THIS
MEETING.
>> COUNCILMEMBERS, ARE THERE
ADDITIONAL QUESTIONS
ON THESE ITEMS?
>> OF THESE ITEMS?
OKAY.
I'M SEEING NO
ADDITIONAL QUESTIONS.
I WILL THANK YOU IN ADVANCE
FOR ALL OF THE WORK THAT IS TO
COME STILL AS WE
THINK ABOUT THE UPCOMING TWO
WEEKS.
I KNOW WE WILL
PROBABLY BE BACK IN TOUCH WITH
YOU DIRECTOR NOBLE
AND DAVE, WITH ANY FOLLOW-UP
QUESTIONS.
WE
APPRECIATE YOU BEING ON THE
LINE TODAY AND HOPE YOU
DID NOT HAVE TO WAIT TOO LONG
TO PROVIDE YOUR
PRESENTATIONS.
THANK YOU SO MUCH.
>> WE ARE LOOKING FORWARD TO
COOPERATION.
>> THANK YOU.
AND IT IS BETTER TO BE ENDING
AT
3:10 P.M.
VERSUS 5:10 P.M.
SO I'M GLAD WE DID NOT
GO UNTIL THE END OF THE DAY.
ARE THERE ANY
ADDITIONAL QUESTIONS OR
COMMENTS FOR THE GOOD OF THE
ORDER?
I AM NOT SEEING OR HEARING ANY
RIGHT NOW.
I
WILL OFFER A REMINDER.
WE ARE GOING TO BE
REQUESTING THAT YOU SUBMIT YOUR
FORMS. THESE
AMENDMENT FORMS THAT MUST BE
SELF BALANCING, BY 5:00 P.M.
SO CLARIFICATION THAT IT IS THE
END OF
THE DAY THURSDAY THAT MAKES IT
POSSIBLE FOR YOU ALL
TO HAVE A DAY OFF TOMORROW FOR
THE HOLIDAY AND TO
COME BACK AND HAVE A FULL DAY
TO WORK ON THOSE
FORMS.
IF YOU HAVE IDEAS, I THINK
CENTRAL STAFF
WOULD APPRECIATE HEARING ABOUT
THOSE AS SOON AS
POSSIBLE SO THEY CAN PROVIDE
YOU WITH SOME FEEDBACK
IF THAT IS DESIRED, TO MAKE
SURE THAT ON THURSDAY
THERE ARE NO QUESTIONS ABOUT
WHAT IS BEING SUBMITTED
AT THE 5:00 P.M.
PERIOD.
WE HAVE SENT YOU A MONDAY
MEMO.
THE BOND IT -- MONDAY BUDGET
MEMO.
IT
INCLUDES A LINK OF HOW TO FILL
OUT THE FORM C. AND
I JUST WANT TO REMIND THE
VIEWING PUBLIC THAT IF YOU
HAVE IDEAS THAT YOU SHOULD WORK
THROUGH TO GET THOSE
AND, WE DID HAVE A QUESTION
BEFORE FROM SOME
STAKEHOLDER ABOUT WHETHER OR
NOT THEY RECEIVED THE
FORM C AND -- OR THE FORM B
AND I WANT TO MAKE
SURE AND I WANT TO MAKE SURE
YOU ARE DOING
EVERYTHING TO LIFT THOSE INTO
YOUR FORUMS.
WE HAVE
REACHED THE END OF THE AGENDA.
I'M NOT SEEING ANY
ADDITIONAL COMMENTS.
A HUGE ROUND OF APPLAUSE.
A
HUGE ROUND OF APPLAUSE WAS
ALREADY SHARED WITH THE
CENTRAL STAFF.
>> PLEASE GO AHEAD.
>> QUICKLY, I KNOW COLLEAGUES,
WE SAW THE SLIDE
FROM ALIE FRM THE CENTRAL
STUFF RELATED TO ALL THE
VARIOUS BUDGET LEGISLATION
WHICH WILL NEED TO APPEAR
EVENTUALLY ON THE INTRODUCTION
AND REFERRAL
CALENDAR.
I THINK THE INTENT IS FOR MANY
OF THOSE
PIECES OF BUDGET RELATED
LEGISLATION TO APPEAR ON
THE INTRODUCTION REFERRAL
CALENDAR FOR THIS MONDAY
IN ORDER FOR US TO BE ABLE TO
TAKE ACTION ON BUDGET
RELATED LEGISLATION ON --
SORRY, I AM LOOKIG AT
MY CALENDAR.
TO CONSIDER BUDGET RELATED
LEGISLATION
ON THE 23rd OF NOVEMBER WHICH
IS WHEN WE TAKE
FINAL ACTION AND BUDGET
COMMITTEE.
AND EVENTUALLY
AT FULL COUNSEL.
I DO WANT TO STRONGLY ENCOURAGE
ALL OF OUR COLLEAGUES TO
COORDINATE HEAVILY WITH
COUNSEL CENTRAL STAFF ON ANY
BUDGET RELATED
LEGISLATION.
I WOULD LIKE TO AVOID HAVING TO
DO
LAST-MINUTE AMENDMENTS TO THE
INTRODUCTION AND
REFERRAL CALENDAR ON MONDAY,
THE 16th.
SO I THINK
JUST FOR TRANSPARENCY PURPOSES
AND FOR MAKING SURE
THAT COUNSEL CENTRAL STAFF
KNOWS WHAT IS COMING AND
TO MAKE SURE THAT WE AND OUR
STAFF KNOW WHAT WILL BE
BEFORE US FOR DEBATE,
DELIBERATION AND POTENTIAL
FINAL ACTION ON THE 23rd OF
NOVEMBER.
I'M ASKING
YOU COLLEAGUES TO WORK CLOSELY
WITH COUNSEL CENTRAL
STAFF WHO WILL BE WORKING
CLOSELY WITH MY OFFICE TO
QUEUE UP LEGISLATION FOR
PLACEMENT OF THE
INTRODUCTION REFERRAL CALENDAR
THIS MONDAY.
AND SO
FOR THOSE OF YOU WHO HAVEN'T
IDENTIFIED BUDGET
RELATED LEGISLATION FOR CENTRAL
STAFF, I WOULD ASK
THAT YOU PLEASE WORK DILIGENTLY
TO DO SO SO THAT WE
CAN ADD THOSE TO THE
INTRODUCTION AND REFERRAL
CALENDAR AS OPPOSED TO GOING
THROUGH AN AMENDMENT
PROCESS MONDAY.
I JUST WANTED TO HIGHLIGHT THAT
AS
PART OF MY COUNCIL PRESIDENT'S
OFFICE ROLE IN THIS
OVERARCHING BUDGET PROCESS THAT
YOU HAVE BEEN
LEADING, CHAIR MOSQUEDA.
THANK YOU.
>> THANK YOU COUNCIL
PRESIDENT.
I APPRECIATE THE
REMINDER FOR US AND ALL OF OUR
COLLEAGUES.
WE LOOK
FORWARD TO THE DISCUSSION
COMING UP.
THE NEXT
MEETING WILL BE -- THAT IS
NOT THE RIGHT DATE.
THE NEXT MEETING WILL BE
WEDNESDAY, NOVEMBER 18th
AT 9:30 A.M.
WE WILL HAVE TWO MEETINGS BACK
TO
BACK.
THE 18th AND THE 19th.
BOTH OF THOSE
MEETINGS WILL START WITH AT
LEAST ONE HOUR OF PUBLIC
TESTIMONY AT THE VERY
BEGINNING.
SO IF YOU ARE
INTERESTED IN FAT --
PROVIDING ANY FEEDBACK ON
ANYTHING YOU HEARD SO FAR
TODAY, PLEASE PLAN TO
PROVIDE TESTAMENT 90 THOSE TWO
DAYS.
OVER THE NEXT
WEEK, WE WILL TAKE YOUR
COMMENTS AND FEEDBACK OVER
NOT JUST WHAT WE HEARD TODAY IN
THE PUBLIC TESTIMONY
HERE BUT OVER THE LAST SIX
WEEKS.
YOU ALL HAVE HAD
TOWN HALL MEETINGS AND MANY AND
DISTRICT
OPPORTUNITIES FOR FOLKS TO
PROVIDE FEEDBACK. AND WE
REALLY APPRECIATE ALL OF THE
FEEDBACK FROM BOTH
DISTRICTS AND ACROSS THE CITY.
WE LOOK FORWARD TO
HAVING A CONVERSATION WITH YOU
ALL ABOUT THOSE
PRIORITIES AND THINGS TO
CENTRAL STAFF IN ADVANCE
FOR HELPING TO MAKE SURE THAT
THESE ARE SELF
BALANCING.
HEARING NOTHING ELSE FOR THE
GOOD OF THE
ORDER, TODAY'S MEETING IS
ADJOURNED.
ENJOY THE REST
OF THE AFTERNOON EVERYBODY.
THANK YOU SO MUCH.