WEBVTT 00:00:19.753 --> 00:00:22.088 align:center line:74% position:10% size:3% . 00:00:22.088 --> 00:00:22.655 align:center line:74% position:31% size:68% >>> GOOD MORNING, EVERYONE. 00:00:22.655 --> 00:00:23.223 align:center line:74% position:31% size:68% TODAY IS AUGUST 17TH, 2022. 00:00:23.223 --> 00:00:26.726 align:center line:74% position:50% size:80% I'M TERESA MOSQUEDA CHAIR OF THE 00:00:26.726 --> 00:00:28.261 align:center line:74% position:40% size:75% FINANCE AND HOUSING COMMITTEE. 00:00:28.261 --> 00:00:33.900 align:center line:74% position:40% size:75% WILL THE CLERK PLEASE CALL THE 00:00:33.900 --> 00:00:35.368 align:center line:74% position:11% size:13% ROLL? 00:00:35.368 --> 00:00:39.572 align:center line:74% position:40% size:75% >> COUNCILMEMBER LISA HERBOLD. 00:00:39.572 --> 00:00:41.074 align:center line:74% position:13% size:20% >> HERE. 00:00:41.074 --> 00:00:45.011 align:center line:74% position:44% size:78% >> COUNCILMEMBER ALEX PEDERSEN. 00:00:45.011 --> 00:00:47.380 align:center line:74% position:14% size:28% >> PRESENT. 00:00:47.380 --> 00:00:47.881 align:center line:74% position:25% size:60% >> COUNCILMEMBER NELSON. 00:00:47.881 --> 00:00:48.748 align:center line:74% position:14% size:28% >> PRESENT. 00:00:48.748 --> 00:00:51.084 align:center line:74% position:29% size:65% >> COUNCILMEMBER ANDREW J. 00:00:51.084 --> 00:00:51.384 align:center line:74% position:12% size:15% LEWIS. 00:00:51.384 --> 00:00:51.885 align:center line:74% position:14% size:28% >> PRESENT. 00:00:51.885 --> 00:00:54.954 align:center line:74% position:24% size:58% >> MA CHAM CHAIR TERESA 00:00:54.954 --> 00:00:55.388 align:center line:74% position:13% size:23% MOSQUEDA. 00:00:55.388 --> 00:00:55.889 align:center line:74% position:14% size:28% >> PRESENT. 00:00:55.889 --> 00:00:58.324 align:center line:74% position:29% size:65% >> WONDERFUL, GOOD MORNING 00:00:58.324 --> 00:00:59.125 align:center line:74% position:33% size:70% THANKS AGAIN FOR JOINING US. 00:00:59.125 --> 00:01:01.995 align:center line:74% position:36% size:73% HAPPY TO HAVE ALL OF YOU HERE 00:01:01.995 --> 00:01:02.195 align:center line:74% position:12% size:15% TODAY. 00:01:02.195 --> 00:01:03.563 align:center line:74% position:22% size:55% WE HAVE A FULL AGENDA. 00:01:03.563 --> 00:01:06.032 align:center line:74% position:44% size:78% COLLEAGUES IN FRONT OF US TODAY 00:01:06.032 --> 00:01:09.202 align:center line:74% position:44% size:78% WE HAVE THE THREE BILLS RELATED 00:01:09.202 --> 00:01:11.504 align:center line:74% position:44% size:78% TO CANNABIS EQUITY FOR BRIEFING 00:01:11.504 --> 00:01:12.205 align:center line:74% position:36% size:73% DISCUSSION AND POSSIBLE VOTE. 00:01:12.205 --> 00:01:15.675 align:center line:74% position:44% size:78% I WANT TO PAUSE TO MAKE SURE WE 00:01:15.675 --> 00:01:17.177 align:center line:74% position:50% size:80% DON'T HAVE ANY BACKGROUND NOISE. 00:01:17.177 --> 00:01:18.778 align:center line:74% position:33% size:70% EVERYTHING GOING WELL ON THE 00:01:18.778 --> 00:01:19.412 align:center line:74% position:31% size:68% PROJECTION SEATTLE CHANNEL? 00:01:19.412 --> 00:01:22.148 align:center line:74% position:44% size:78% LOOKS LIKE WE HAVE A LITTLE BIT 00:01:22.148 --> 00:01:22.582 align:center line:74% position:15% size:35% OF BACKGROUND. 00:01:22.582 --> 00:01:22.782 align:center line:74% position:11% size:13% OKAY. 00:01:22.782 --> 00:01:23.983 align:center line:74% position:18% size:45% I'LL TRY IT AGAIN. 00:01:23.983 --> 00:01:27.454 align:center line:74% position:31% size:68% WE HAVE AN OUR AGENDA TODAY 00:01:27.454 --> 00:01:30.190 align:center line:74% position:44% size:78% THREE BILLS RELATED TO CANNABIS 00:01:30.190 --> 00:01:32.058 align:center line:74% position:44% size:78% EQUITY LEGISLATION FOR BRIEFING 00:01:32.058 --> 00:01:32.826 align:center line:74% position:18% size:45% AND POSSIBLE VOTE. 00:01:32.826 --> 00:01:34.594 align:center line:74% position:31% size:68% THANK YOU TO COLLEAGUES WHO 00:01:34.594 --> 00:01:35.762 align:center line:74% position:40% size:75% SUBMITTED THEIR AMENDMENTS AND 00:01:35.762 --> 00:01:37.697 align:center line:74% position:33% size:70% WORKED WITH CENTRAL STAFF TO 00:01:37.697 --> 00:01:38.598 align:center line:74% position:20% size:50% INCLUDE THOSE IN THE 00:01:38.598 --> 00:01:38.898 align:center line:74% position:14% size:30% PUBLICATION. 00:01:38.898 --> 00:01:41.167 align:center line:74% position:50% size:80% FOR TODAY'S MATERIAL AS I NOTED, 00:01:41.167 --> 00:01:44.537 align:center line:74% position:40% size:75% WE WILL HAVE AT LEAST ONE WALK 00:01:44.537 --> 00:01:46.539 align:center line:74% position:22% size:55% ON AMENDMENT THANKS TO 00:01:46.539 --> 00:01:47.907 align:center line:74% position:24% size:58% COUNCILMEMBER NELSON IN 00:01:47.907 --> 00:01:49.509 align:center line:74% position:40% size:75% PARTNERSHIP WITH OUR OFFICE, A 00:01:49.509 --> 00:01:51.811 align:center line:74% position:50% size:80% JOINT WALK ON AMENDMENT FOR YOUR 00:01:51.811 --> 00:01:52.645 align:center line:74% position:22% size:55% CONSIDERATION AS WELL. 00:01:52.645 --> 00:01:55.548 align:center line:74% position:40% size:75% WE HAVE THREE ITEMS RELATED TO 00:01:55.548 --> 00:01:56.549 align:center line:74% position:40% size:75% OUR BUDGETING AND FORECASTING. 00:01:56.549 --> 00:01:58.084 align:center line:74% position:50% size:80% AN ECONOMIC AND REVENUE FORECAST 00:01:58.084 --> 00:01:58.885 align:center line:74% position:15% size:35% AUGUST UPDATE. 00:01:58.885 --> 00:02:01.688 align:center line:74% position:50% size:80% THIS IS A PRESENTATION FROM LAST 00:02:01.688 --> 00:02:03.056 align:center line:74% position:44% size:78% MONDAY'S OFFICE OF ECONOMIC AND 00:02:03.056 --> 00:02:04.591 align:center line:74% position:33% size:70% REVENUE FORECAST PROJECTIONS 00:02:04.591 --> 00:02:07.560 align:center line:74% position:27% size:63% THAT WAS PRESENTED TO THE 00:02:07.560 --> 00:02:08.361 align:center line:74% position:17% size:43% FORECAST COUNCIL. 00:02:08.361 --> 00:02:09.529 align:center line:74% position:40% size:75% A GENERAL FUND FINANCE NL PLAN 00:02:09.529 --> 00:02:12.232 align:center line:74% position:36% size:73% UPDATE FROM CENTRAL STAFF AND 00:02:12.232 --> 00:02:14.334 align:center line:74% position:40% size:75% WE'LL HAVE A QUARTERLY SEATTLE 00:02:14.334 --> 00:02:16.269 align:center line:74% position:44% size:78% RESCUE PLAN SPENDING UPDATE, IF 00:02:16.269 --> 00:02:17.971 align:center line:74% position:15% size:33% WE HAVE TIME. 00:02:17.971 --> 00:02:20.707 align:center line:74% position:29% size:65% I WANT TO THANK IN ADVANCE 00:02:20.707 --> 00:02:22.542 align:center line:74% position:36% size:73% CITIES FROM THE CITY'S BUDGET 00:02:22.542 --> 00:02:23.977 align:center line:74% position:40% size:75% ECONOMIC, XHEK REVENUE AND OUR 00:02:23.977 --> 00:02:26.112 align:center line:74% position:27% size:63% OWN CENTRAL STAFF FOR THE 00:02:26.112 --> 00:02:27.914 align:center line:74% position:44% size:78% INCREDIBLE WORK ON THESE ITEMS. 00:02:27.914 --> 00:02:31.417 align:center line:74% position:24% size:58% I WILL NOTE THERE IS AN 00:02:31.417 --> 00:02:33.987 align:center line:74% position:44% size:78% ADDITIONAL TWO MATERIALS LINKED 00:02:33.987 --> 00:02:35.855 align:center line:74% position:50% size:80% UNDER MEETING DETAILS ON TODAY'S 00:02:35.855 --> 00:02:37.557 align:center line:74% position:36% size:73% FINANCE AND HOUSING COMMITTEE 00:02:37.557 --> 00:02:37.824 align:center line:74% position:13% size:25% MATERIALS. 00:02:37.824 --> 00:02:40.793 align:center line:74% position:50% size:80% THESE ARE RELATED TO AGENDA ITEM 00:02:40.793 --> 00:02:42.762 align:center line:74% position:36% size:73% NUMBER FIVE AND UNFORTUNATELY 00:02:42.762 --> 00:02:43.763 align:center line:74% position:40% size:75% WE'RE INADVERT TENTLY LEFT OFF 00:02:43.763 --> 00:02:46.199 align:center line:74% position:50% size:80% TODAY'S MATERIAL SO YOU CAN FIND 00:02:46.199 --> 00:02:49.002 align:center line:74% position:40% size:75% THE LINK TO BOTH CENTRAL STAFF 00:02:49.002 --> 00:02:51.104 align:center line:74% position:21% size:53% MEMO AND A POWERPOINT 00:02:51.104 --> 00:02:52.238 align:center line:74% position:33% size:70% PRESENTATION FOR AGENDA ITEM 00:02:52.238 --> 00:02:53.773 align:center line:74% position:50% size:80% NUMBER FIVE LINKED UNDER MEETING 00:02:53.773 --> 00:02:55.708 align:center line:74% position:40% size:75% DETAILS AND FOR COLLEAGUES YOU 00:02:55.708 --> 00:02:57.744 align:center line:74% position:44% size:78% ALSO RECEIVED AN EMAIL FROM OUR 00:02:57.744 --> 00:03:00.346 align:center line:74% position:40% size:75% OFFICE TO LINK YOU DIRECTLY TO 00:03:00.346 --> 00:03:00.847 align:center line:74% position:17% size:40% THOSE MATERIALS. 00:03:00.847 --> 00:03:02.682 align:center line:74% position:40% size:75% SO IT'S A PACKED AGENDA AND WE 00:03:02.682 --> 00:03:06.419 align:center line:74% position:44% size:78% DID ASK IF FOLKS COULD HOLD THE 00:03:06.419 --> 00:03:08.288 align:center line:74% position:24% size:58% TIME UNTIL 12:30 TODAY. 00:03:08.288 --> 00:03:10.523 align:center line:74% position:50% size:80% IF THERE'S NO OBJECTION, TODAY'S 00:03:10.523 --> 00:03:12.692 align:center line:74% position:24% size:58% AGENDA WILL BE ADOPTED. 00:03:12.692 --> 00:03:14.460 align:center line:74% position:44% size:78% >> NO OBJECTION, TODAY'S AGENDA 00:03:14.460 --> 00:03:14.827 align:center line:74% position:14% size:28% IS ADOPTED. 00:03:14.827 --> 00:03:16.629 align:center line:74% position:36% size:73% I WANT TO THANK YOU AGAIN FOR 00:03:16.629 --> 00:03:17.931 align:center line:74% position:33% size:70% CONTINUING TO PARTICIPATE AS 00:03:17.931 --> 00:03:20.166 align:center line:74% position:36% size:73% MUCH AS POSSIBLE REMOTELY AND 00:03:20.166 --> 00:03:21.634 align:center line:74% position:27% size:63% MEMBERS OF THE PUBLIC FOR 00:03:21.634 --> 00:03:23.803 align:center line:74% position:36% size:73% CONTINUING TO WEAR A MASK AND 00:03:23.803 --> 00:03:26.072 align:center line:74% position:50% size:80% ALL THOSE CONTINUE TO CALLING IN 00:03:26.072 --> 00:03:27.840 align:center line:74% position:36% size:73% VIA REMOTE PUBLIC COMMENT, WE 00:03:27.840 --> 00:03:28.975 align:center line:74% position:31% size:68% ENCOURAGE PEOPLE TO CALL IN 00:03:28.975 --> 00:03:30.343 align:center line:74% position:44% size:78% REMOTELY TO LIMIT THE NUMBER OF 00:03:30.343 --> 00:03:33.012 align:center line:74% position:50% size:80% PEOPLE IN THE CHAMBERS AS WE ARE 00:03:33.012 --> 00:03:35.415 align:center line:74% position:40% size:75% ALSO ASKING ALL THE PRESENTERS 00:03:35.415 --> 00:03:36.783 align:center line:74% position:44% size:78% FROM CENTRAL STAFF, THE MAYOR'S 00:03:36.783 --> 00:03:37.483 align:center line:74% position:36% size:73% OFFICE AND COMMUNITY PARTNERS 00:03:37.483 --> 00:03:40.053 align:center line:74% position:50% size:80% NORMALLY AT THE TABLE WITH US TO 00:03:40.053 --> 00:03:40.620 align:center line:74% position:21% size:53% PARTICIPATE REMOTELY. 00:03:40.620 --> 00:03:42.722 align:center line:74% position:40% size:75% SO THANK YOU FOR CONTINUING TO 00:03:42.722 --> 00:03:46.893 align:center line:74% position:50% size:80% DO THAT AS WE SEEK TO BRING DOWN 00:03:46.893 --> 00:03:47.727 align:center line:74% position:29% size:65% THESE COVID RATES FURTHER. 00:03:47.727 --> 00:03:49.462 align:center line:74% position:36% size:73% MADAME CLERK, WILL YOU TEE UP 00:03:49.462 --> 00:03:55.735 align:center line:74% position:33% size:70% THE PUBLIC COMMENT AND WE'LL 00:03:55.735 --> 00:03:59.372 align:center line:74% position:15% size:35% HEAD RIGHT IN. 00:03:59.372 --> 00:04:03.943 align:center line:74% position:36% size:73% IF THE VIDEO IS NOT AVAILABLE 00:04:03.943 --> 00:04:04.744 align:center line:74% position:21% size:53% I'LL READ THE SCRIPT. 00:04:04.744 --> 00:04:04.944 align:center line:74% position:11% size:13% OKAY. 00:04:04.944 --> 00:04:08.214 align:center line:74% position:44% size:78% COLLEAGUES WE DO HAVE FOLKS WHO 00:04:08.214 --> 00:04:10.016 align:center line:74% position:27% size:63% SIGNED UP REMOTELY AND IN 00:04:10.016 --> 00:04:10.683 align:center line:74% position:13% size:23% CHAMBERS. 00:04:10.683 --> 00:04:13.186 align:center line:74% position:44% size:78% WE'LL HAVE THE FOLKS WHO SIGNED 00:04:13.186 --> 00:04:14.821 align:center line:74% position:36% size:73% UP REMOTELY TO PRESENT FIRST. 00:04:14.821 --> 00:04:15.788 align:center line:74% position:36% size:73% THERE'S FIVE PEOPLE PRESEN TO 00:04:15.788 --> 00:04:17.123 align:center line:74% position:40% size:75% PRESENT REMOTELY AND A HANDFUL 00:04:17.123 --> 00:04:19.058 align:center line:74% position:50% size:80% OF PEOPLE IN THE AUDIENCE AS WE. 00:04:19.058 --> 00:04:21.661 align:center line:74% position:40% size:75% ABOUT 8 INDIVIDUALS WHO SIGNED 00:04:21.661 --> 00:04:22.729 align:center line:74% position:44% size:78% UP TO PROVIDE PUBLIC TESTIMONY. 00:04:22.729 --> 00:04:24.631 align:center line:74% position:44% size:78% AS A REMINDER, YOU HAVE ONE AND 00:04:24.631 --> 00:04:26.499 align:center line:74% position:40% size:75% A HALF MINUTES TO PROVIDE YOUR 00:04:26.499 --> 00:04:27.033 align:center line:74% position:16% size:38% PUBLIC COMMENT. 00:04:27.033 --> 00:04:28.835 align:center line:74% position:36% size:73% THAT WILL ALLOW FOR US TO GET 00:04:28.835 --> 00:04:30.003 align:center line:74% position:44% size:78% THROUGH THE FULL PUBLIC COMMENT 00:04:30.003 --> 00:04:32.939 align:center line:74% position:31% size:68% AND GET TO THE ITEMS ON THE 00:04:32.939 --> 00:04:34.741 align:center line:74% position:15% size:33% AGENDA TODAY. 00:04:34.741 --> 00:04:35.842 align:center line:74% position:22% size:55% YOU'LL HEAR A CHIME AT 00:04:35.842 --> 00:04:38.278 align:center line:74% position:24% size:58% 10 SECONDS WHEN WE HAVE 00:04:38.278 --> 00:04:39.545 align:center line:74% position:21% size:53% 10 SECONDS REMAINING. 00:04:39.545 --> 00:04:40.647 align:center line:74% position:27% size:63% WRAP UP YOUR COMMENTS AND 00:04:40.647 --> 00:04:42.849 align:center line:74% position:44% size:78% ADDITIONAL COMMENTS ARE WELCOME 00:04:42.849 --> 00:04:45.084 align:center line:74% position:25% size:60% TO BE SENT TO COUNCIL AT 00:04:45.084 --> 00:04:45.318 align:center line:74% position:14% size:30% SEATTLE.GOV. 00:04:45.652 --> 00:04:50.423 align:center line:74% position:21% size:53% SO LET'S GO AHEAD AND 00:04:50.423 --> 00:04:53.026 align:center line:74% position:50% size:80% GET STARTED WITH THE THREE FOLKS 00:04:53.026 --> 00:04:59.499 align:center line:74% position:36% size:73% TO SIGN UP FOR PUBLIC COMMENT 00:04:59.499 --> 00:04:59.666 align:center line:74% position:12% size:18% ONLINE. 00:04:59.999 --> 00:05:06.506 align:center line:74% position:21% size:53% GOOD MORNING AND STAR 00:05:06.506 --> 00:05:11.010 align:center line:74% position:21% size:53% 6 TO UNMUTE YOURSELF. 00:05:11.010 --> 00:05:15.815 align:center line:74% position:25% size:60% >> YES, CAN YOU HEAR ME? 00:05:15.815 --> 00:05:18.985 align:center line:74% position:17% size:43% >> YES, GO AHEAD. 00:05:18.985 --> 00:05:19.419 align:center line:74% position:18% size:45% >> OKAY THANK YOU. 00:05:19.419 --> 00:05:22.455 align:center line:74% position:27% size:63% GOOD MORNING CHAIR TERESA 00:05:22.455 --> 00:05:24.157 align:center line:74% position:44% size:78% MOSQUEDA AND COMMUNITY MEMBERS, 00:05:24.157 --> 00:05:25.358 align:center line:74% position:44% size:78% I'M ADAN THE EXECUTIVE DIRECTOR 00:05:25.358 --> 00:05:27.927 align:center line:74% position:40% size:75% OF THE CRAFT CAN BUS COALITION 00:05:27.927 --> 00:05:29.162 align:center line:74% position:44% size:78% AND ASSOCIATION OF FAMILY OWNED 00:05:29.162 --> 00:05:30.863 align:center line:74% position:50% size:80% RETAILERS INCLUDING OVER HALF OF 00:05:30.863 --> 00:05:32.265 align:center line:74% position:21% size:53% RETAILERS IN SEATTLE. 00:05:32.265 --> 00:05:34.200 align:center line:74% position:50% size:80% I WOULD LIKE TO PROVIDE COMMENTS 00:05:34.200 --> 00:05:36.002 align:center line:74% position:44% size:78% REGARDING CONTINUED CONCERNS WE 00:05:36.002 --> 00:05:38.871 align:center line:74% position:36% size:73% HAVE ON PROPOSED AMENDMENT TO 00:05:38.871 --> 00:05:39.539 align:center line:74% position:25% size:60% THE CANNABIS ASSESSMENT. 00:05:39.539 --> 00:05:41.541 align:center line:74% position:50% size:80% IT CONTINUES TO BE VERY SPECIFIC 00:05:41.541 --> 00:05:42.675 align:center line:74% position:33% size:70% WHEN DIRECTING THE EXECUTIVE 00:05:42.675 --> 00:05:44.911 align:center line:74% position:20% size:50% TOWARDS SELECTING AN 00:05:44.911 --> 00:05:45.845 align:center line:74% position:44% size:78% ORGANIZATION WITH CLOSE TIES TO 00:05:45.845 --> 00:05:48.748 align:center line:74% position:31% size:68% FCW AND STAKE HOLDER IN THE 00:05:48.748 --> 00:05:48.981 align:center line:74% position:13% size:20% PROCESS. 00:05:48.981 --> 00:05:50.550 align:center line:74% position:29% size:65% THAT ORGANIZATION BEING IN 00:05:50.550 --> 00:05:51.918 align:center line:74% position:36% size:73% WASHINGTON AND THE CONNECTION 00:05:51.918 --> 00:05:55.188 align:center line:74% position:44% size:78% BEING THE PRESIDENT OF THE UFCW 00:05:55.188 --> 00:05:59.025 align:center line:74% position:25% size:60% IS ALSO THE PRESIDENT OF 00:05:59.025 --> 00:05:59.325 align:center line:74% position:14% size:28% WASHINGTON. 00:05:59.325 --> 00:06:00.126 align:center line:74% position:33% size:70% WE ASKED IF THERE'S CREDIBLE 00:06:00.126 --> 00:06:01.360 align:center line:74% position:50% size:80% NONPROFIT ENTITIES AND SO FAR NO 00:06:01.360 --> 00:06:03.863 align:center line:74% position:36% size:73% ONE HAS BEEN ABLE TO OFFER UP 00:06:03.863 --> 00:06:04.030 align:center line:74% position:11% size:10% ANY. 00:06:04.030 --> 00:06:04.964 align:center line:74% position:50% size:80% WE APPRECIATE LANGUAGE PUTTING A 00:06:04.964 --> 00:06:06.933 align:center line:74% position:33% size:70% COLLEGE AT THE HELM BUT THEY 00:06:06.933 --> 00:06:08.935 align:center line:74% position:24% size:58% HAVE TO PARTNER WITH AN 00:06:08.935 --> 00:06:10.903 align:center line:74% position:29% size:65% ORGANIZATION LIKE WE TRAIN 00:06:10.903 --> 00:06:11.204 align:center line:74% position:14% size:28% WASHINGTON. 00:06:11.204 --> 00:06:12.438 align:center line:74% position:33% size:70% THIS IS A SIGNIFICANT ENOUGH 00:06:12.438 --> 00:06:14.107 align:center line:74% position:44% size:78% ISSUE THAT IT COULD POTENTIALLY 00:06:14.107 --> 00:06:16.275 align:center line:74% position:27% size:63% MAKE IT DIFFICULT, IF NOT 00:06:16.275 --> 00:06:18.211 align:center line:74% position:29% size:65% IMPOSSIBLE FOR THE CCC AND 00:06:18.211 --> 00:06:20.747 align:center line:74% position:40% size:75% MEMBERS TO PARTICIPATE IN THIS 00:06:20.747 --> 00:06:21.314 align:center line:74% position:15% size:35% GOING FORWARD. 00:06:21.314 --> 00:06:24.684 align:center line:74% position:31% size:68% THE CCP SUPPORTS A FAIR AND 00:06:24.684 --> 00:06:25.818 align:center line:74% position:40% size:75% NEUTRAL ASSESSMENT TO IDENTIFY 00:06:25.818 --> 00:06:27.887 align:center line:74% position:31% size:68% REAL SOCIAL EQUITY NEEDS BY 00:06:27.887 --> 00:06:29.722 align:center line:74% position:36% size:73% PUTTING A STAKE HOLDER INTO A 00:06:29.722 --> 00:06:30.223 align:center line:74% position:17% size:43% CONTROLLING ROLE. 00:06:30.223 --> 00:06:32.125 align:center line:74% position:31% size:68% WE HOPE YOU WILL AGREE THAT 00:06:32.125 --> 00:06:33.993 align:center line:74% position:33% size:70% GIVING ONE STAKE HOLDER MORE 00:06:33.993 --> 00:06:35.528 align:center line:74% position:27% size:63% CONTROL OF THE PROCESS OR 00:06:35.528 --> 00:06:37.063 align:center line:74% position:50% size:80% GREATER REPRESENTATION WITHIN IT 00:06:37.063 --> 00:06:40.833 align:center line:74% position:22% size:55% WOULD BE INAPPRPRIATE. 00:06:40.833 --> 00:06:45.772 align:center line:74% position:25% size:60% THANK YOU FOR YOUR TIME. 00:06:45.772 --> 00:06:47.573 align:center line:74% position:15% size:35% >>> THANK YOU. 00:06:47.573 --> 00:06:52.178 align:center line:74% position:31% size:68% CODY FUNDERBUNK FOLLOWED BY 00:06:52.178 --> 00:06:53.946 align:center line:74% position:25% size:60% ZION, GOOD MORNING CODY. 00:06:53.946 --> 00:06:55.815 align:center line:74% position:50% size:80% >>> HI GOOD MORNING, EVERYONE MY 00:06:55.815 --> 00:06:57.917 align:center line:74% position:40% size:75% NAME IS CODY THUNDERBIRD AND I 00:06:57.917 --> 00:07:01.420 align:center line:74% position:44% size:78% WORK IN THE CENTRAL DISTRICT AS 00:07:01.420 --> 00:07:03.222 align:center line:74% position:50% size:80% A BARTENDER AND MEDICAL CANNABIS 00:07:03.222 --> 00:07:03.689 align:center line:74% position:22% size:55% CONSULTANT SINCE 2018. 00:07:03.689 --> 00:07:09.028 align:center line:74% position:44% size:78% I'M CALLING TODAY IN SUPPORT OF 00:07:09.028 --> 00:07:10.196 align:center line:74% position:25% size:60% THE PROPOSED AMENDMENTS. 00:07:10.196 --> 00:07:11.898 align:center line:74% position:36% size:73% AS AN INDUSTRY WORKER I CAN'T 00:07:11.898 --> 00:07:13.633 align:center line:74% position:33% size:70% UNDERSTATE THE IMPORTANCE OF 00:07:13.633 --> 00:07:16.035 align:center line:74% position:27% size:63% HAVING HIGH STANDARDS FOR 00:07:16.035 --> 00:07:18.905 align:center line:74% position:27% size:63% CONDUCTING CANNABIS NEEDS 00:07:18.905 --> 00:07:19.205 align:center line:74% position:14% size:28% ASSESSMENT. 00:07:19.205 --> 00:07:21.040 align:center line:74% position:44% size:78% THE BENEFIT OF LIMITING IF THEY 00:07:21.040 --> 00:07:22.742 align:center line:74% position:33% size:70% ARE CONDUCTED BY A NONPROFIT 00:07:22.742 --> 00:07:24.143 align:center line:74% position:25% size:60% ENTITY WITH EXPERTISE IN 00:07:24.143 --> 00:07:26.946 align:center line:74% position:50% size:80% TRAINING AND DEVELOPMENT, WE CAN 00:07:26.946 --> 00:07:28.447 align:center line:74% position:29% size:65% BETTER ASSURE ACCURACY AND 00:07:28.447 --> 00:07:29.849 align:center line:74% position:44% size:78% IMPARTIALITY WHICH WILL BENEFIT 00:07:29.849 --> 00:07:31.184 align:center line:74% position:27% size:63% THE OVERALL INTENT OF THE 00:07:31.184 --> 00:07:32.919 align:center line:74% position:22% size:55% PROPOSAL WE HAVE HERE. 00:07:32.919 --> 00:07:35.087 align:center line:74% position:44% size:78% IN ADDITION TO THAT, I FEEL THE 00:07:35.087 --> 00:07:36.355 align:center line:74% position:31% size:68% ADVISORY COMMITTEE WOULD BE 00:07:36.355 --> 00:07:39.025 align:center line:74% position:50% size:80% BETTER SERVED BY THE PRESENCE OF 00:07:39.025 --> 00:07:40.626 align:center line:74% position:33% size:70% REPRESENTATIVES OF LABOR WHO 00:07:40.626 --> 00:07:43.963 align:center line:74% position:40% size:75% STAND TO LEVERAGE THE INTEREST 00:07:43.963 --> 00:07:44.630 align:center line:74% position:20% size:50% OF CANNABIS WORKERS. 00:07:44.630 --> 00:07:48.401 align:center line:74% position:40% size:75% ALSO CALLING IN SUPPORT OF THE 00:07:48.401 --> 00:07:50.937 align:center line:74% position:31% size:68% PROPOSED AMENDMENTS SECTION 00:07:50.937 --> 00:07:52.505 align:center line:74% position:25% size:60% THREE, IT'S CRUCIAL THAT 00:07:52.505 --> 00:07:53.039 align:center line:74% position:25% size:60% EX-SPONGEMENT INVOLVES A 00:07:53.039 --> 00:07:54.974 align:center line:74% position:44% size:78% COLLABORATIVE EFFORT WITH LIVED 00:07:54.974 --> 00:07:57.643 align:center line:74% position:29% size:65% EXPERIENCE IN THE CRIMINAL 00:07:57.643 --> 00:07:58.778 align:center line:74% position:16% size:38% JUSTICE SYSTEM. 00:07:58.778 --> 00:08:00.580 align:center line:74% position:50% size:80% HOWEVER SUTING, THESE NUANCES DO 00:08:00.580 --> 00:08:03.115 align:center line:74% position:31% size:68% HAVE DRAMATIC EFFECT ON THE 00:08:03.115 --> 00:08:05.518 align:center line:74% position:50% size:80% INTENT OF THE PROPOSED AMENDMENT 00:08:05.518 --> 00:08:06.886 align:center line:74% position:29% size:65% NAMING AND INCLUDING LABOR 00:08:06.886 --> 00:08:07.620 align:center line:74% position:40% size:75% RIGHTS, COMMUNITIES NEGATIVELY 00:08:07.620 --> 00:08:09.288 align:center line:74% position:50% size:80% AFFECTED BY THE WAR ON DRUGS AND 00:08:09.288 --> 00:08:12.658 align:center line:74% position:40% size:75% THOSE WITH LIVED EXPERIENCE IN 00:08:12.658 --> 00:08:13.860 align:center line:74% position:31% size:68% THE CRIMINAL JUSTICE SYSTEM 00:08:13.860 --> 00:08:14.794 align:center line:74% position:33% size:70% ACTIVELY DEFINES INTENTIONAL 00:08:14.794 --> 00:08:17.296 align:center line:74% position:27% size:63% ELEMENTS OF INCLUSION AND 00:08:17.296 --> 00:08:18.064 align:center line:74% position:27% size:63% JUSTICE IN THIS PROPOSAL. 00:08:18.064 --> 00:08:18.264 align:center line:74% position:13% size:25% THANK YOU. 00:08:18.598 --> 00:08:20.867 align:center line:74% position:10% size:3% . 00:08:20.867 --> 00:08:23.035 align:center line:74% position:25% size:60% >> THANK YOU, VERY MUCH. 00:08:23.035 --> 00:08:25.271 align:center line:74% position:33% size:70% AND THEN NEXT PERSON IS ZION 00:08:25.271 --> 00:08:31.077 align:center line:74% position:40% size:75% GRAY EL FOLLOWED BY JAMES ADAM 00:08:31.077 --> 00:08:31.377 align:center line:74% position:13% size:25% AND PAULA. 00:08:31.377 --> 00:08:35.448 align:center line:74% position:18% size:45% GOOD MORNING ZION. 00:08:35.448 --> 00:08:36.849 align:center line:74% position:20% size:50% >>> CAN YOU HEAR ME? 00:08:36.849 --> 00:08:38.718 align:center line:74% position:12% size:18% >> YES. 00:08:38.718 --> 00:08:39.051 align:center line:74% position:15% size:33% >> ALL RIGHT. 00:08:39.051 --> 00:08:42.588 align:center line:74% position:40% size:75% MY NAME IS ZION GRAY EEL AND I 00:08:42.588 --> 00:08:44.891 align:center line:74% position:40% size:75% WANT TO SAY GOOD MORNING FIRST 00:08:44.891 --> 00:08:47.326 align:center line:74% position:50% size:80% OFF TO CHAIR TERESA MOSQUEDA AND 00:08:47.326 --> 00:08:47.760 align:center line:74% position:18% size:45% COMMITTEE MEMBERS. 00:08:47.760 --> 00:08:49.395 align:center line:74% position:44% size:78% I HAVE SPOKEN AT THESE MEETINGS 00:08:49.395 --> 00:08:51.697 align:center line:74% position:31% size:68% A COUPLE TIMES IN THE PAST. 00:08:51.697 --> 00:08:56.335 align:center line:74% position:40% size:75% AGAIN, I'M HERE TO SUPPORT THE 00:08:56.335 --> 00:08:58.004 align:center line:74% position:27% size:63% LEGISLATION ALSO VOICE MY 00:08:58.004 --> 00:09:00.339 align:center line:74% position:36% size:73% SUPPORT FOR TERESA MOSQUEDA'S 00:09:00.339 --> 00:09:00.773 align:center line:74% position:19% size:48% PROPOSED AMENDMENT. 00:09:00.773 --> 00:09:04.210 align:center line:74% position:50% size:80% I FULLY SUPPORT CODY'S STATEMENT 00:09:04.210 --> 00:09:05.811 align:center line:74% position:31% size:68% THAT WAS JUST MADE EARLIER. 00:09:05.811 --> 00:09:07.947 align:center line:74% position:44% size:78% ESPECIALLY IN REGARDS TO HAVING 00:09:07.947 --> 00:09:10.750 align:center line:74% position:44% size:78% THE SPECIFIC GROUPS INVOLVED IN 00:09:10.750 --> 00:09:11.150 align:center line:74% position:13% size:25% THE WORKS. 00:09:11.150 --> 00:09:12.952 align:center line:74% position:50% size:80% I ALSO WOULD LIKE TO ACKNOWLEDGE 00:09:12.952 --> 00:09:16.789 align:center line:74% position:50% size:80% THE FREEDOM PROJECT FOR BEING ON 00:09:16.789 --> 00:09:18.958 align:center line:74% position:21% size:53% THE FOREFRONT OF THIS 00:09:18.958 --> 00:09:19.792 align:center line:74% position:25% size:60% EXSPONGSMENT INITIATIVE. 00:09:19.792 --> 00:09:20.993 align:center line:74% position:27% size:63% WE TRAIN WASHINGTON IS AN 00:09:20.993 --> 00:09:22.361 align:center line:74% position:44% size:78% ABSOLUTELY AMAZING ORGANIZATION 00:09:22.361 --> 00:09:24.263 align:center line:74% position:50% size:80% AND WOULD BE IDEAL REGARDLESS OF 00:09:24.263 --> 00:09:24.931 align:center line:74% position:24% size:58% THEIR ASSOCIATION THEIR 00:09:24.931 --> 00:09:29.001 align:center line:74% position:50% size:80% CAPABILITIES AND WHAT IT IS THEY 00:09:29.001 --> 00:09:31.637 align:center line:74% position:33% size:70% CAN PROVIDE TO THE VISION IS 00:09:31.637 --> 00:09:32.538 align:center line:74% position:24% size:58% PIVOTAL, IN MY OPINION. 00:09:32.538 --> 00:09:36.208 align:center line:74% position:50% size:80% I AGREE THAT IT'S VERY IMPORTANT 00:09:36.208 --> 00:09:37.209 align:center line:74% position:33% size:70% TO APPOINT WORKERS, INDUSTRY 00:09:37.209 --> 00:09:38.711 align:center line:74% position:27% size:63% MEMBERS AND KEY COMMUNITY 00:09:38.711 --> 00:09:42.315 align:center line:74% position:44% size:78% MEMBERS TO SUPPORT THE CANNABIS 00:09:42.315 --> 00:09:42.715 align:center line:74% position:17% size:43% NEEDS ASSESSMENT. 00:09:42.715 --> 00:09:45.117 align:center line:74% position:50% size:80% I BELIEVE MS. NELSON'S AMENDMENT 00:09:45.117 --> 00:09:48.187 align:center line:74% position:40% size:75% PROPOSAL WAS IN MY OPINION TOO 00:09:48.187 --> 00:09:49.922 align:center line:74% position:29% size:65% OWNER INVESTOR SPECIFIC IN 00:09:49.922 --> 00:09:51.023 align:center line:74% position:50% size:80% REGARDS TO ITS COMPOSITION AND I 00:09:51.023 --> 00:09:52.258 align:center line:74% position:44% size:78% PERSONALLY FEEL THERE ARE OTHER 00:09:52.258 --> 00:09:54.260 align:center line:74% position:44% size:78% GROUPS THAT ARE INVOLVED IN THE 00:09:54.260 --> 00:09:55.595 align:center line:74% position:33% size:70% CANNABIS COMMUNITY THAT WILL 00:09:55.595 --> 00:09:58.431 align:center line:74% position:29% size:65% LOSE THE OPPORTUNITY TO BE 00:09:58.431 --> 00:10:00.032 align:center line:74% position:31% size:68% CONSIDERED UNDER MS. NELSON 00:10:00.032 --> 00:10:00.900 align:center line:74% position:18% size:45% SPECIFIC PROPOSAL. 00:10:00.900 --> 00:10:02.802 align:center line:74% position:36% size:73% AGAIN, I REALLY LIKE TO BE ON 00:10:02.802 --> 00:10:03.936 align:center line:74% position:33% size:70% THIS ADVISORY COMMITTEE THAT 00:10:03.936 --> 00:10:08.040 align:center line:74% position:36% size:73% WILL HELP DO THE RESEARCH AND 00:10:08.040 --> 00:10:09.075 align:center line:74% position:44% size:78% PROVIDE ASSESSMENT AND ANALYSIS 00:10:09.075 --> 00:10:09.742 align:center line:74% position:18% size:45% ON THIS ORDINANCE. 00:10:09.742 --> 00:10:11.811 align:center line:74% position:33% size:70% AND I JUST WANT TO END IT BY 00:10:11.811 --> 00:10:14.780 align:center line:74% position:50% size:80% SAYING THE LEGISLATION IS OFF TO 00:10:14.780 --> 00:10:15.414 align:center line:74% position:15% size:33% A GOOD START. 00:10:15.414 --> 00:10:16.248 align:center line:74% position:31% size:68% YOU HEARD ME ADVOCATING FOR 00:10:16.248 --> 00:10:17.483 align:center line:74% position:40% size:75% CANNABIS AND I'M GOING TO KEEP 00:10:17.483 --> 00:10:17.984 align:center line:74% position:13% size:23% DOING IT. 00:10:17.984 --> 00:10:19.652 align:center line:74% position:40% size:75% WE HAVE A LOT OF WORK AHEAD OF 00:10:19.652 --> 00:10:23.856 align:center line:74% position:40% size:75% US AND CONFIDENT WE CAN GET IT 00:10:23.856 --> 00:10:24.056 align:center line:74% position:11% size:13% DONE. 00:10:24.056 --> 00:10:25.257 align:center line:74% position:21% size:53% >> THANK YOU SO MUCH. 00:10:25.257 --> 00:10:27.960 align:center line:74% position:36% size:73% >> JAMES, FOLLOWED BY PAULINA 00:10:27.960 --> 00:10:31.897 align:center line:74% position:44% size:78% AND I WANT TO NOTE GABRIELLE IS 00:10:31.897 --> 00:10:35.668 align:center line:74% position:50% size:80% LISTED TO SPEAK BUT NOT PRESENT. 00:10:35.668 --> 00:10:37.003 align:center line:74% position:44% size:78% JAMES, GOUM STAR SIX TO UNMUTE. 00:10:37.003 --> 00:10:39.005 align:center line:74% position:36% size:73% >> GOOD MORNING, THANK YOU SO 00:10:39.005 --> 00:10:42.274 align:center line:74% position:36% size:73% MUCH FOR LETTING ME TALK HERE 00:10:42.274 --> 00:10:42.608 align:center line:74% position:12% size:15% TODAY. 00:10:42.608 --> 00:10:45.878 align:center line:74% position:50% size:80% MY NAME IS JAMES ADAMS AND I'M A 00:10:45.878 --> 00:10:48.648 align:center line:74% position:36% size:73% LEAD BARTENDER AT MR. GREEN'S 00:10:48.648 --> 00:10:52.485 align:center line:74% position:44% size:78% CANNABIS IN NORTH SEATTLE AND A 00:10:52.485 --> 00:10:55.321 align:center line:74% position:44% size:78% UNION STEWARD FOR UFCW 3000 AND 00:10:55.321 --> 00:10:57.690 align:center line:74% position:40% size:75% I STRONGLY SUPPORT THE WORKERS 00:10:57.690 --> 00:10:59.125 align:center line:74% position:17% size:43% PROTECTION PIECE. 00:10:59.125 --> 00:11:00.159 align:center line:74% position:44% size:78% WHEN MR. GREEN'S BROKE OFF FROM 00:11:00.159 --> 00:11:03.429 align:center line:74% position:44% size:78% ITS PARENT COMPANY, A FEW OF US 00:11:03.429 --> 00:11:04.163 align:center line:74% position:40% size:75% EMPLOYEES WERE FIRED, MAJORITY 00:11:04.163 --> 00:11:07.299 align:center line:74% position:36% size:73% OF US RETAINED BY THE COMPANY 00:11:07.299 --> 00:11:08.701 align:center line:74% position:44% size:78% AND IT WAS EXTREMELY STRESSFUL. 00:11:08.701 --> 00:11:11.203 align:center line:74% position:44% size:78% WE ALL FELT LIKE WE WERE ON THE 00:11:11.203 --> 00:11:13.472 align:center line:74% position:44% size:78% CHOPPING BLOCK AND WE WERE VERY 00:11:13.472 --> 00:11:16.442 align:center line:74% position:50% size:80% REPLACEABLE AND TREATED AS SUCH. 00:11:16.442 --> 00:11:18.978 align:center line:74% position:31% size:68% WE NEED TO PROTECT CANNABIS 00:11:18.978 --> 00:11:21.047 align:center line:74% position:40% size:75% WORKERS RIGHTS, BUSINESSES ARE 00:11:21.047 --> 00:11:24.350 align:center line:74% position:36% size:73% BOUGHT AND SOLD REGULARLY AND 00:11:24.350 --> 00:11:27.586 align:center line:74% position:36% size:73% THE WORKERS HAVE LITTLE TO NO 00:11:27.586 --> 00:11:29.321 align:center line:74% position:27% size:63% RIGHTS WHEN THAT HAPPENS. 00:11:29.321 --> 00:11:30.556 align:center line:74% position:20% size:50% AND WE ARE REPLACED. 00:11:30.556 --> 00:11:31.691 align:center line:74% position:40% size:75% THIS ACT WOULD PROTECT WORKERS 00:11:31.691 --> 00:11:33.759 align:center line:74% position:44% size:78% AND WHEN A BUSINESS IS SOLD AND 00:11:33.759 --> 00:11:37.096 align:center line:74% position:36% size:73% MAKE IT SO THAT THE NEW OWNER 00:11:37.096 --> 00:11:39.732 align:center line:74% position:29% size:65% CAN'T FIRE AND REPLACE THE 00:11:39.732 --> 00:11:42.768 align:center line:74% position:40% size:75% WORKERS THAT BUILT THE COMPANY 00:11:42.768 --> 00:11:43.169 align:center line:74% position:14% size:28% BEFOREHAND. 00:11:43.169 --> 00:11:44.136 align:center line:74% position:31% size:68% CANNABIS IS STILL FEDERALLY 00:11:44.136 --> 00:11:45.604 align:center line:74% position:24% size:58% ILLEGAL AND WORKERS FT. 00:11:45.604 --> 00:11:45.905 align:center line:74% position:13% size:20% INDUSTRY 00:11:45.905 --> 00:11:48.474 align:center line:74% position:50% size:80% HAVE LITTLE RIGHTS AND EXPLOITED 00:11:48.474 --> 00:11:49.875 align:center line:74% position:29% size:65% ON A DAILY BASIS AND THESE 00:11:49.875 --> 00:11:51.911 align:center line:74% position:31% size:68% AMENDMENTS WOULD HAVE GREAT 00:11:51.911 --> 00:11:55.815 align:center line:74% position:33% size:70% EFFECT ON THE WORKERS IN THE 00:11:55.815 --> 00:11:56.549 align:center line:74% position:17% size:40% CITY OF SEATTLE. 00:11:56.549 --> 00:11:59.018 align:center line:74% position:29% size:65% >> THANK YOU VERY MUCH FOR 00:11:59.018 --> 00:11:59.318 align:center line:74% position:14% size:30% DIALLING IN. 00:11:59.318 --> 00:12:04.623 align:center line:74% position:29% size:65% LAST PERSON WHO IS PRESENT 00:12:04.623 --> 00:12:06.826 align:center line:74% position:36% size:73% ONLINE IS PAULA AND GABRIELLE 00:12:06.826 --> 00:12:07.760 align:center line:74% position:36% size:73% YOU'RE STILL ELIGIBLE TO DIAL 00:12:07.760 --> 00:12:08.060 align:center line:74% position:11% size:8% IN. 00:12:08.060 --> 00:12:08.394 align:center line:74% position:15% size:33% GOOD MORNING. 00:12:08.394 --> 00:12:09.729 align:center line:74% position:33% size:70% >>> GOOD MORNING, MY NAME IS 00:12:09.729 --> 00:12:16.735 align:center line:74% position:44% size:78% PAULA AND I'M THE PRESIDENT AND 00:12:16.735 --> 00:12:18.104 align:center line:74% position:27% size:63% CEO OF GLOBAL STRATEGIES. 00:12:18.104 --> 00:12:20.239 align:center line:74% position:50% size:80% WE SUPPORT 714 AFRICAN AMERICANS 00:12:20.239 --> 00:12:24.543 align:center line:74% position:50% size:80% LEFT OUT OF I--502 AND WE PASSED 00:12:24.543 --> 00:12:26.979 align:center line:74% position:40% size:75% CANNABIS BILL SENATE BILL 5928 00:12:26.979 --> 00:12:29.749 align:center line:74% position:44% size:78% AND DRAFTERS OF HOUSE BILL 1270 00:12:29.749 --> 00:12:31.817 align:center line:74% position:29% size:65% CREATING THE SOCIAL EQUITY 00:12:31.817 --> 00:12:32.384 align:center line:74% position:13% size:20% PROGRAM. 00:12:32.384 --> 00:12:35.387 align:center line:74% position:44% size:78% WE ARE THE LARGEST MOST UNIFIED 00:12:35.387 --> 00:12:36.755 align:center line:74% position:29% size:65% VOICE REPRESENTING AFRICAN 00:12:36.755 --> 00:12:38.157 align:center line:74% position:50% size:80% AMERICANS IN THE BIPOC COMMUNITY 00:12:38.157 --> 00:12:39.759 align:center line:74% position:27% size:63% OF CANNABIS AND WE DO NOT 00:12:39.759 --> 00:12:43.829 align:center line:74% position:36% size:73% SUPPORT CERTAIN PROVISIONS OF 00:12:43.829 --> 00:12:44.764 align:center line:74% position:16% size:38% THE THIS AMEND. 00:12:44.764 --> 00:12:45.364 align:center line:74% position:36% size:73% WE SUPPORT WORKERS PROTECTION 00:12:45.364 --> 00:12:46.198 align:center line:74% position:40% size:75% AND COMMEND TERESA MOSQUEDA IN 00:12:46.198 --> 00:12:48.434 align:center line:74% position:40% size:75% THE CITY OF SEATTLE FOR HAVING 00:12:48.434 --> 00:12:51.003 align:center line:74% position:44% size:78% THE STRONGEST WORKER PROTECTION 00:12:51.003 --> 00:12:52.204 align:center line:74% position:16% size:38% IN THE COUNTRY. 00:12:52.204 --> 00:12:55.641 align:center line:74% position:25% size:60% WE ARE IN SUPPORT OF THE 00:12:55.641 --> 00:12:57.943 align:center line:74% position:31% size:68% AMENDMENT PUT FORTH BY SARA 00:12:57.943 --> 00:13:00.045 align:center line:74% position:33% size:70% NELSON BECAUSE WE UNDERSTAND 00:13:00.045 --> 00:13:04.817 align:center line:74% position:40% size:75% THIS ISSUE HAVING SEATED HOUSE 00:13:04.817 --> 00:13:05.084 align:center line:74% position:13% size:25% BILL 6393. 00:13:05.084 --> 00:13:07.086 align:center line:74% position:36% size:73% AND TALKING TO MEMBERS OF THE 00:13:07.086 --> 00:13:08.554 align:center line:74% position:40% size:75% COMMUNITY WE CANNOT BUILD THIS 00:13:08.554 --> 00:13:10.789 align:center line:74% position:40% size:75% PROGRAM ON THE BACKS OF SOCIAL 00:13:10.789 --> 00:13:11.257 align:center line:74% position:18% size:45% EQUITY APPLICANTS. 00:13:11.257 --> 00:13:13.959 align:center line:74% position:50% size:80% WE THINK THERE'S A BETTER WAY TO 00:13:13.959 --> 00:13:14.260 align:center line:74% position:13% size:20% DO THIS. 00:13:14.260 --> 00:13:17.429 align:center line:74% position:44% size:78% IF WE MOVE FORWARD WITH A NEEDS 00:13:17.429 --> 00:13:19.131 align:center line:74% position:31% size:68% ASSESSMENT, WE HAVE WORK ON 00:13:19.131 --> 00:13:21.667 align:center line:74% position:44% size:78% STATE BANKING AND SOCIAL EQUITY 00:13:21.667 --> 00:13:23.669 align:center line:74% position:31% size:68% ISSUES WITH UW, WSU AND THE 00:13:23.669 --> 00:13:24.103 align:center line:74% position:19% size:48% STATE UNIVERSITIES. 00:13:24.103 --> 00:13:26.806 align:center line:74% position:36% size:73% THEY ARE WELL QUALIFIED TO DO 00:13:26.806 --> 00:13:27.139 align:center line:74% position:13% size:25% THIS WORK. 00:13:27.139 --> 00:13:28.340 align:center line:74% position:36% size:73% THEY ARE NONPARTISAN AND WILL 00:13:28.340 --> 00:13:32.845 align:center line:74% position:44% size:78% BRING THE LENS OF EQUITY TO THE 00:13:32.845 --> 00:13:33.045 align:center line:74% position:11% size:13% WORK. 00:13:33.045 --> 00:13:35.080 align:center line:74% position:25% size:60% HAVING A PROVISION IN AN 00:13:35.080 --> 00:13:36.215 align:center line:74% position:33% size:70% AMENDMENT FUNDED BY TAXPAYER 00:13:36.215 --> 00:13:38.150 align:center line:74% position:50% size:80% DOLLARS THAT GIVES MONEY TOWARDS 00:13:38.150 --> 00:13:40.319 align:center line:74% position:44% size:78% A PARTICULAR ENTITY IS NIGHT AN 00:13:40.319 --> 00:13:41.086 align:center line:74% position:20% size:50% EQUITY OR A QUALITY. 00:13:41.086 --> 00:13:41.987 align:center line:74% position:13% size:25% THANK YOU. 00:13:41.987 --> 00:13:46.525 align:center line:74% position:40% size:75% >> THANK YOU AND I STILL DON'T 00:13:46.525 --> 00:13:48.394 align:center line:74% position:44% size:78% SEE GABRIELLE LISTED AS PRESENT 00:13:48.394 --> 00:13:52.331 align:center line:74% position:40% size:75% SO WE'RE MOVING ON TO FOLKS IN 00:13:52.331 --> 00:13:57.503 align:center line:74% position:14% size:30% THE MORNING. 00:13:57.503 --> 00:14:01.373 align:center line:74% position:17% size:40% MARDI GRASGARET. 00:14:01.373 --> 00:14:03.642 align:center line:74% position:27% size:63% >> GOOD MORNING, I'M FROM 00:14:03.642 --> 00:14:06.478 align:center line:74% position:36% size:73% SEATTLE AND MY CONCERN HERE I 00:14:06.478 --> 00:14:11.283 align:center line:74% position:29% size:65% CIRCLED IT, IT'S CALLED AN 00:14:11.283 --> 00:14:13.619 align:center line:74% position:50% size:80% ORDINANCE RELATING TO EMPLOYMENT 00:14:13.619 --> 00:14:14.153 align:center line:74% position:14% size:28% IN SEATTLE. 00:14:14.153 --> 00:14:14.920 align:center line:74% position:14% size:30% THAT'S DEEP. 00:14:14.920 --> 00:14:22.161 align:center line:74% position:44% size:78% BECAUSE WHEN YOU TALK ABOUT THE 00:14:22.161 --> 00:14:23.329 align:center line:74% position:33% size:70% INDIGENOUS POPULATION, BLACK 00:14:23.329 --> 00:14:24.463 align:center line:74% position:25% size:60% INDIGENOUS BLACK PEOPLE, 00:14:24.463 --> 00:14:26.498 align:center line:74% position:36% size:73% HOMELESS OUT ON THE STREET IN 00:14:26.498 --> 00:14:28.334 align:center line:74% position:36% size:73% THE DRONE MAN OR WHATEVER HIS 00:14:28.334 --> 00:14:30.035 align:center line:74% position:40% size:75% NAME IS THE HOMELESS AUTHORITY 00:14:30.035 --> 00:14:33.305 align:center line:74% position:31% size:68% MAN IS COMING UP IN HERE ON 00:14:33.305 --> 00:14:33.639 align:center line:74% position:12% size:15% TODAY. 00:14:33.639 --> 00:14:35.441 align:center line:74% position:27% size:63% THIS STUFF IS NOT A JOKE. 00:14:35.441 --> 00:14:36.408 align:center line:74% position:25% size:60% IT NEVER HAS BEEN FUNNY. 00:14:36.408 --> 00:14:39.345 align:center line:74% position:50% size:80% AND I DON'T KNOW WHAT THIS MEANS 00:14:39.345 --> 00:14:40.613 align:center line:74% position:24% size:58% WHEN YOU'RE RELATING TO 00:14:40.613 --> 00:14:45.184 align:center line:74% position:44% size:78% EMPLOYMENT WHEN A LOT OF PEOPLE 00:14:45.184 --> 00:14:45.818 align:center line:74% position:17% size:40% AREN'T EMPLOYED. 00:14:45.818 --> 00:14:47.553 align:center line:74% position:44% size:78% DELIBERATE ACTIONS TO KEEP THEM 00:14:47.553 --> 00:14:47.853 align:center line:74% position:14% size:28% UNEMPLOYED. 00:14:47.853 --> 00:14:49.488 align:center line:74% position:44% size:78% I KNOW OF FOLKS THAT LOST THEIR 00:14:49.488 --> 00:14:53.525 align:center line:74% position:31% size:68% HOME HERE IN SEATTLE FOR NO 00:14:53.525 --> 00:14:54.426 align:center line:74% position:15% size:35% REASON AT ALL. 00:14:54.426 --> 00:14:56.762 align:center line:74% position:44% size:78% THEY WERE JUST INDIGENOUS BLACK 00:14:56.762 --> 00:14:58.998 align:center line:74% position:50% size:80% PEOPLE AND SOMEBODY CAME OUT THE 00:14:58.998 --> 00:15:01.734 align:center line:74% position:36% size:73% WOODWORKS TO ASSAULT THEM AND 00:15:01.734 --> 00:15:04.470 align:center line:74% position:36% size:73% TAKE EVERYTHING FROM THEM AND 00:15:04.470 --> 00:15:05.404 align:center line:74% position:19% size:48% MAKE THEM CRIPPLED. 00:15:05.404 --> 00:15:07.940 align:center line:74% position:44% size:78% AND SO I WANT THE PAYMENT RIGHT 00:15:07.940 --> 00:15:08.407 align:center line:74% position:11% size:10% NOW. 00:15:08.407 --> 00:15:11.677 align:center line:74% position:44% size:78% I'M NOT WAITING FOR CONGRESS TO 00:15:11.677 --> 00:15:12.244 align:center line:74% position:17% size:43% WAIT FOR NOTHING. 00:15:12.244 --> 00:15:12.745 align:center line:74% position:11% size:8% NO. 00:15:12.745 --> 00:15:14.780 align:center line:74% position:44% size:78% WE JUST GONE DO THAT BECAUSE WE 00:15:14.780 --> 00:15:16.715 align:center line:74% position:17% size:43% ARE TRUE TO THAT. 00:15:16.715 --> 00:15:17.816 align:center line:74% position:40% size:75% THAT'S WHAT WE'RE GOING TO DO. 00:15:17.816 --> 00:15:19.318 align:center line:74% position:36% size:73% WE'RE GOING TO DEMAND WHAT WE 00:15:19.318 --> 00:15:23.055 align:center line:74% position:44% size:78% NEED TO MAKE OUR PEOPLE SURVIVE 00:15:23.055 --> 00:15:30.029 align:center line:74% position:17% size:40% IN THIS COUNTRY. 00:15:30.029 --> 00:15:30.562 align:center line:74% position:13% size:25% RIGHT NOW. 00:15:30.562 --> 00:15:31.764 align:center line:74% position:21% size:53% NOT TOMORROW BUT NOW. 00:15:31.764 --> 00:15:32.398 align:center line:74% position:15% size:33% >> THANK YOU. 00:15:32.398 --> 00:15:36.902 align:center line:74% position:50% size:80% >> ALL RIGHT GUYS WE'RE GOING TO 00:15:36.902 --> 00:15:39.038 align:center line:74% position:24% size:58% ASK FOLKS TO HOLD THEIR 00:15:39.038 --> 00:15:39.305 align:center line:74% position:13% size:23% APPLAUSE. 00:15:39.305 --> 00:15:42.007 align:center line:74% position:40% size:75% YOU CAN DO THIS, IF YOU AGREE. 00:15:42.007 --> 00:15:42.308 align:center line:74% position:14% size:28% BUT PLEASE. 00:15:42.308 --> 00:15:42.741 align:center line:74% position:16% size:38% >> NO CLAPPING? 00:15:42.741 --> 00:15:45.277 align:center line:74% position:44% size:78% >> YEAH, EXACTLY WE GOT TO KEEP 00:15:45.277 --> 00:15:45.878 align:center line:74% position:12% size:15% GOING. 00:15:45.878 --> 00:15:48.580 align:center line:74% position:33% size:70% >> THE SISTER SAID SOMETHING 00:15:48.580 --> 00:15:48.847 align:center line:74% position:13% size:23% POWERFUL. 00:15:48.847 --> 00:15:50.849 align:center line:74% position:24% size:58% I GET MOVED WHEN I HEAR 00:15:50.849 --> 00:15:51.884 align:center line:74% position:29% size:65% REPARATIONS AND THAT'S THE 00:15:51.884 --> 00:15:52.251 align:center line:74% position:16% size:38% ACCOUNTABILITY. 00:15:52.251 --> 00:15:53.919 align:center line:74% position:31% size:68% THAT'S WHAT WE NEED IN THIS 00:15:53.919 --> 00:15:55.554 align:center line:74% position:33% size:70% COUNTRY IS REPARATIONS RIGHT 00:15:55.554 --> 00:15:55.921 align:center line:74% position:11% size:13% GUYS. 00:15:55.921 --> 00:15:57.923 align:center line:74% position:36% size:73% >> YOU CAN GO AHEAD AND START 00:15:57.923 --> 00:15:59.591 align:center line:74% position:50% size:80% GOOD MORNING, MR. PETER MANNING. 00:15:59.591 --> 00:16:05.531 align:center line:74% position:44% size:78% >> MY NAME IS PETER MANNING I'M 00:16:05.531 --> 00:16:07.333 align:center line:74% position:44% size:78% WITH BLACK EXCELLENCE CANNABIS. 00:16:07.333 --> 00:16:09.668 align:center line:74% position:50% size:80% WE ARE OPPOSED TO CERTAIN THINGS 00:16:09.668 --> 00:16:11.036 align:center line:74% position:44% size:78% WITH UNIONS IN THIS UNCERTAINTY 00:16:11.036 --> 00:16:13.038 align:center line:74% position:50% size:80% HOW THAT IS ALL PLAYING OUT, THE 00:16:13.038 --> 00:16:15.207 align:center line:74% position:40% size:75% NONPROFIT ORGANIZATIONS WE ARE 00:16:15.207 --> 00:16:17.209 align:center line:74% position:17% size:43% NOT FEELING THAT. 00:16:17.209 --> 00:16:18.677 align:center line:74% position:44% size:78% WE ACTUALLY ARE LEANING TOWARDS 00:16:18.677 --> 00:16:23.482 align:center line:74% position:33% size:70% WHAT COUNCILMEMBER NELSON IS 00:16:23.482 --> 00:16:24.249 align:center line:74% position:15% size:35% TALKING ABOUT. 00:16:24.249 --> 00:16:29.588 align:center line:74% position:29% size:65% THIS AMENDMENT IS WHERE IT 00:16:29.588 --> 00:16:30.956 align:center line:74% position:40% size:75% SPECIFIES INDEPENDENT ACADEMIC 00:16:30.956 --> 00:16:31.290 align:center line:74% position:15% size:33% INSTITUTIONS. 00:16:31.290 --> 00:16:32.925 align:center line:74% position:44% size:78% WE'RE COMPLETELY DONE WITH THIS 00:16:32.925 --> 00:16:33.726 align:center line:74% position:17% size:43% BEING IN SCHOOLS. 00:16:33.726 --> 00:16:36.829 align:center line:74% position:44% size:78% IF EVERYONE ELSE IS INVOLVED IN 00:16:36.829 --> 00:16:38.964 align:center line:74% position:40% size:75% IT IT COULD BE ULTERIOR MOTIVE 00:16:38.964 --> 00:16:41.600 align:center line:74% position:27% size:63% GAINING INFLUENCE OVER AN 00:16:41.600 --> 00:16:43.635 align:center line:74% position:33% size:70% INDUSTRY THAT IS KING COUNTY 00:16:43.635 --> 00:16:46.004 align:center line:74% position:25% size:60% VOID OF BLACK AND BROWN. 00:16:46.004 --> 00:16:47.239 align:center line:74% position:31% size:68% WE DON'T NEED ANYTHING THAT 00:16:47.239 --> 00:16:49.875 align:center line:74% position:40% size:75% MIGHT IMPASADENA OR PREVENT US 00:16:49.875 --> 00:16:51.710 align:center line:74% position:27% size:63% FROM GETTING SOMEWHERE IN 00:16:51.710 --> 00:16:52.611 align:center line:74% position:13% size:23% CANNABIS. 00:16:52.611 --> 00:16:55.581 align:center line:74% position:31% size:68% WE'RE NOT EVEN THERE YET SO 00:16:55.581 --> 00:16:58.083 align:center line:74% position:44% size:78% BLACK EXCELLENCE CANNABIS IS IN 00:16:58.083 --> 00:17:00.452 align:center line:74% position:33% size:70% SUPPORT OF THE COUNCILMEMBER 00:17:00.452 --> 00:17:01.086 align:center line:74% position:29% size:65% NELSON IS PUTTING FORWARD. 00:17:01.086 --> 00:17:01.286 align:center line:74% position:13% size:25% THANK YOU. 00:17:01.620 --> 00:17:10.362 align:center line:74% position:22% size:55% >>> THANK YOU SO MUCH. 00:17:10.362 --> 00:17:12.097 align:center line:74% position:18% size:45% THE NEXT PERSON IS 00:17:12.097 --> 00:17:12.664 align:center line:74% position:31% size:68% CIRCUMSTANCESICHANI PERKINS 00:17:12.664 --> 00:17:13.465 align:center line:74% position:50% size:80% FOLLOWED BY ALEX ZIMMERMAN, GOOD 00:17:13.465 --> 00:17:17.369 align:center line:74% position:50% size:80% MORNING AND PLEASE CORRECT ME ON 00:17:17.369 --> 00:17:18.404 align:center line:74% position:18% size:45% THE PRONUNCIATION. 00:17:18.404 --> 00:17:21.407 align:center line:74% position:31% size:68% >> EXCUSE ME, GOOD MORNING. 00:17:21.407 --> 00:17:24.910 align:center line:74% position:40% size:75% MY NAME IS SACANI PERKINS WITH 00:17:24.910 --> 00:17:27.746 align:center line:74% position:33% size:70% THE CLI COMMUNITY LEADERSHIP 00:17:27.746 --> 00:17:32.017 align:center line:74% position:36% size:73% INSTITUTE AS WELL AS PLC, THE 00:17:32.017 --> 00:17:35.054 align:center line:74% position:50% size:80% POLITICAL LEADERSHIP COUNCIL ALL 00:17:35.054 --> 00:17:37.823 align:center line:74% position:24% size:58% UNDER PUGET SOUND SAGE. 00:17:37.823 --> 00:17:40.692 align:center line:74% position:40% size:75% MY TWIN BROTHER AND I RECENTLY 00:17:40.692 --> 00:17:44.763 align:center line:74% position:27% size:63% OPENED UP THE GREEN THUMB 00:17:44.763 --> 00:17:46.698 align:center line:74% position:44% size:78% COLLECTIVE WHICH IS THERAPEUTIC 00:17:46.698 --> 00:17:53.238 align:center line:74% position:40% size:75% HERBAL UNITED MEDICINAL BRANCH 00:17:53.238 --> 00:17:53.505 align:center line:74% position:13% size:20% IN 2011. 00:17:53.505 --> 00:17:54.973 align:center line:74% position:17% size:43% WE RAN TILL 2013. 00:17:54.973 --> 00:17:57.109 align:center line:74% position:31% size:68% WE WERE TARGETED AND SENT A 00:17:57.109 --> 00:18:00.012 align:center line:74% position:33% size:70% LETTER STATING THE REASON WE 00:18:00.012 --> 00:18:03.382 align:center line:74% position:40% size:75% WERE TOLD TO SHUT DOWN WAS DUE 00:18:03.382 --> 00:18:06.351 align:center line:74% position:36% size:73% TO A PRESCHOOL LOCATED IN THE 00:18:06.351 --> 00:18:08.387 align:center line:74% position:33% size:70% BASEMENT OF A CHURCH IN WEST 00:18:08.387 --> 00:18:08.620 align:center line:74% position:13% size:20% SEATTLE. 00:18:08.620 --> 00:18:10.789 align:center line:74% position:31% size:68% SO I FEEL THAT WE HAVE BEEN 00:18:10.789 --> 00:18:14.426 align:center line:74% position:40% size:75% EXPLOITED AND I FEEL I NEED TO 00:18:14.426 --> 00:18:17.496 align:center line:74% position:50% size:80% GET THE INFORMATION OUT ALTHOUGH 00:18:17.496 --> 00:18:19.131 align:center line:74% position:22% size:55% THEY ALREADY HAVE BEEN 00:18:19.131 --> 00:18:21.934 align:center line:74% position:29% size:65% ADVOCATING FOR THE AFRICAN 00:18:21.934 --> 00:18:24.203 align:center line:74% position:50% size:80% AMERICANS IN THE BIPOC COMMUNITY 00:18:24.203 --> 00:18:24.703 align:center line:74% position:17% size:43% AFFECTED BY THIS. 00:18:24.703 --> 00:18:26.271 align:center line:74% position:40% size:75% I THOUGHT IT WAS IMPERATVE THE 00:18:26.271 --> 00:18:28.574 align:center line:74% position:21% size:53% MY VOICE TO BE HEARD. 00:18:28.574 --> 00:18:29.441 align:center line:74% position:15% size:35% SO THAT'S ALL. 00:18:29.441 --> 00:18:31.243 align:center line:74% position:31% size:68% >> THANK YOU FOR PRESENTING 00:18:31.243 --> 00:18:31.477 align:center line:74% position:12% size:15% TODAY. 00:18:31.477 --> 00:18:32.077 align:center line:74% position:17% size:43% NICE TO MEET YOU. 00:18:32.077 --> 00:18:33.779 align:center line:74% position:44% size:78% ALL RIGHT, I SEE SOME HANDS AND 00:18:33.779 --> 00:18:43.655 align:center line:74% position:31% size:68% I KNOW PEOPLE CAN SEE THOSE 00:18:43.655 --> 00:18:43.989 align:center line:74% position:14% size:28% ONLINE TOO. 00:18:43.989 --> 00:18:45.357 align:center line:74% position:17% size:43% SO SE CI PERKINS. 00:18:45.357 --> 00:18:50.796 align:center line:74% position:33% size:70% EXCUSE ME, THERE WAS TWO AND 00:18:50.796 --> 00:18:51.630 align:center line:74% position:20% size:50% THEN ALEX ZIMMERMAN. 00:18:51.630 --> 00:18:56.969 align:center line:74% position:29% size:65% >> GOOD MORNING, THAT'S MY 00:18:56.969 --> 00:18:57.202 align:center line:74% position:13% size:20% BROTHER. 00:18:57.202 --> 00:19:01.273 align:center line:74% position:29% size:65% MY NAME IS SECIAH PERKINS, 00:19:01.273 --> 00:19:07.412 align:center line:74% position:36% size:73% FORMER OWNER AND COFOUNDER OF 00:19:07.412 --> 00:19:08.814 align:center line:74% position:31% size:68% THE GREEN THUMB COLLECTIVE. 00:19:08.814 --> 00:19:17.356 align:center line:74% position:44% size:78% LIKE HE SAID, WE OPENED IN 2011 00:19:17.356 --> 00:19:18.357 align:center line:74% position:33% size:70% AND FORCED TO CLOSE IN 2013. 00:19:18.357 --> 00:19:24.196 align:center line:74% position:31% size:68% BASED ON TECHNICALITIES AND 00:19:24.196 --> 00:19:26.064 align:center line:74% position:40% size:75% BEING RESTRICTED TO BOUNDARIES 00:19:26.064 --> 00:19:28.534 align:center line:74% position:40% size:75% AND WHATNOT, I BELIEVE WE WERE 00:19:28.534 --> 00:19:29.635 align:center line:74% position:24% size:58% TARGETED BASED ON OTHER 00:19:29.635 --> 00:19:31.737 align:center line:74% position:31% size:68% COLLECTIVES IN THE INDUSTRY 00:19:31.737 --> 00:19:34.673 align:center line:74% position:24% size:58% LOCATED WITHIN THE SAME 00:19:34.673 --> 00:19:34.940 align:center line:74% position:13% size:23% VICINITY. 00:19:34.940 --> 00:19:36.542 align:center line:74% position:33% size:70% STILL BEING ABLE TO OPERATE. 00:19:36.542 --> 00:19:40.679 align:center line:74% position:22% size:55% AS INDIVIDUALS WHO ARE 00:19:40.679 --> 00:19:43.782 align:center line:74% position:44% size:78% CONSIDERED BLACK OR ADOS, SHARE 00:19:43.782 --> 00:19:47.119 align:center line:74% position:36% size:73% SIMILAR EXPERIENCES REGARDING 00:19:47.119 --> 00:19:47.619 align:center line:74% position:20% size:50% THE SYSTEMIC RACISM. 00:19:47.619 --> 00:19:50.956 align:center line:74% position:40% size:75% I FEEL THERE IS NO NEED FOR US 00:19:50.956 --> 00:19:53.125 align:center line:74% position:36% size:73% TO BE HEARD AND NOT SILENCED. 00:19:53.125 --> 00:19:56.628 align:center line:74% position:36% size:73% OUR VOICES ARE VERY IMPORTANT 00:19:56.628 --> 00:19:58.330 align:center line:74% position:36% size:73% ESPECIALLY WHEN IT DEALS WITH 00:19:58.330 --> 00:19:58.764 align:center line:74% position:15% size:35% OUR COMMUNITY. 00:19:58.764 --> 00:20:02.668 align:center line:74% position:44% size:78% NOBODY SHOULD BE ABLE TO POLICE 00:20:02.668 --> 00:20:05.704 align:center line:74% position:40% size:75% WHAT WE DO AND STAND FOR BASED 00:20:05.704 --> 00:20:12.311 align:center line:74% position:40% size:75% ON THE HISTORY OF WHAT AMERICA 00:20:12.311 --> 00:20:13.045 align:center line:74% position:22% size:55% HAS SHOWN PEOPLE OF MY 00:20:13.045 --> 00:20:13.278 align:center line:74% position:14% size:28% BACKGROUND. 00:20:13.612 --> 00:20:15.647 align:center line:74% position:13% size:25% THAT'S IT. 00:20:15.647 --> 00:20:17.215 align:center line:74% position:40% size:75% >> YOU'RE WELCOME TO CONCLUDE. 00:20:17.215 --> 00:20:17.683 align:center line:74% position:19% size:48% YOU CAN KEEP GOING. 00:20:17.683 --> 00:20:21.186 align:center line:74% position:15% size:33% >> THANK YOU. 00:20:21.186 --> 00:20:24.489 align:center line:74% position:29% size:65% >> OKAY THANK YOU SO MUCH. 00:20:24.489 --> 00:20:29.328 align:center line:74% position:31% size:68% >>> THE NEXT PERSON IS ALEX 00:20:29.328 --> 00:20:29.628 align:center line:74% position:13% size:25% ZIMMERMAN. 00:20:29.628 --> 00:20:39.371 align:center line:74% position:40% size:75% AND MATT EDGER TON FOLLOWED BY 00:20:39.371 --> 00:20:39.671 align:center line:74% position:14% size:30% MIKE ASICIA. 00:20:39.671 --> 00:20:40.005 align:center line:74% position:15% size:33% GOOD MORNING. 00:20:40.005 --> 00:20:42.674 align:center line:74% position:21% size:53% YOUR TIME IS RUNNING. 00:20:43.008 --> 00:20:51.516 align:center line:74% position:10% size:3% . 00:20:51.516 --> 00:20:54.219 align:center line:74% position:29% size:65% >> MY LOVELY NAZI MOB, WHO 00:20:54.219 --> 00:20:56.855 align:center line:74% position:36% size:73% SPEAKS TO US FROM THE HEAVEN. 00:20:56.855 --> 00:20:59.758 align:center line:74% position:44% size:78% MY NAME IS ALEX ZIMMERMAN AND I 00:20:59.758 --> 00:21:04.196 align:center line:74% position:31% size:68% SPEAK OF AGENDA NUMBER FOUR 00:21:04.196 --> 00:21:04.963 align:center line:74% position:21% size:53% ABOUT LOCAL FORECAST. 00:21:04.963 --> 00:21:06.431 align:center line:74% position:25% size:60% THANK YOU COUNCIL TERESA 00:21:06.431 --> 00:21:08.867 align:center line:74% position:44% size:78% MOSQUEDA FOR A GOOD JOB YOU DID 00:21:08.867 --> 00:21:14.473 align:center line:74% position:33% size:70% IN YOUR COUNCIL FOR THE LAST 00:21:14.473 --> 00:21:15.374 align:center line:74% position:11% size:13% TIME. 00:21:15.374 --> 00:21:19.911 align:center line:74% position:31% size:68% IT'S AN EXAMPLE FALLEN VERY 00:21:19.911 --> 00:21:20.412 align:center line:74% position:11% size:13% GOOD. 00:21:20.412 --> 00:21:22.347 align:center line:74% position:44% size:78% IT MADE HOMELESS MOST DISAPPEAR 00:21:22.347 --> 00:21:23.015 align:center line:74% position:14% size:28% IN SEATTLE. 00:21:23.015 --> 00:21:23.482 align:center line:74% position:15% size:35% VERY GOOD JOB. 00:21:23.482 --> 00:21:25.951 align:center line:74% position:50% size:80% PRICE FOR APARTMENT FOR EXAMPLE, 00:21:25.951 --> 00:21:26.685 align:center line:74% position:15% size:35% FALLEN BY 20%. 00:21:26.685 --> 00:21:29.921 align:center line:74% position:44% size:78% SO RIGHT NOW BLACK AND POOR CAN 00:21:29.921 --> 00:21:30.355 align:center line:74% position:13% size:25% COME BACK. 00:21:30.355 --> 00:21:33.425 align:center line:74% position:40% size:75% IT'S VERY IMPORTANT TOO IF YOU 00:21:33.425 --> 00:21:35.761 align:center line:74% position:50% size:80% HAVE 25,000 APARTMENT EMPTIES SO 00:21:35.761 --> 00:21:37.362 align:center line:74% position:24% size:58% EVERYBODY CAN RENT THIS 00:21:37.362 --> 00:21:37.729 align:center line:74% position:15% size:35% APARTMENT NOW. 00:21:37.729 --> 00:21:40.599 align:center line:74% position:40% size:75% IT'S VERY BIG PROGRESS WHAT WE 00:21:40.599 --> 00:21:40.932 align:center line:74% position:13% size:25% HAVE THIS. 00:21:40.932 --> 00:21:42.734 align:center line:74% position:44% size:78% VERY GOOD PROGRESS AND NICE FOR 00:21:42.734 --> 00:21:44.670 align:center line:74% position:36% size:73% THE LAST FEW MONTHS SO PEOPLE 00:21:44.670 --> 00:21:48.907 align:center line:74% position:31% size:68% DIDN'T STOP AND USE GUNS IN 00:21:48.907 --> 00:21:49.641 align:center line:74% position:13% size:20% SEATTLE. 00:21:49.641 --> 00:21:51.309 align:center line:74% position:20% size:50% IT'S VERY IMPORTANT. 00:21:51.309 --> 00:21:52.544 align:center line:74% position:36% size:73% WE HAVE NOT ENOUGH POLICEMEN. 00:21:52.544 --> 00:21:57.082 align:center line:74% position:44% size:78% LESS POLICEMEN, MORE FREEDOM, I 00:21:57.082 --> 00:21:59.384 align:center line:74% position:31% size:68% UNDERSTAND THIS ABSOLUTELY. 00:21:59.384 --> 00:22:01.153 align:center line:74% position:17% size:40% SO WHAT IS NEXT? 00:22:01.153 --> 00:22:04.423 align:center line:74% position:21% size:53% WHAT DO WE HAVE NEXT? 00:22:04.423 --> 00:22:04.923 align:center line:74% position:14% size:28% FOOD PRICE. 00:22:04.923 --> 00:22:07.225 align:center line:74% position:24% size:58% FOOD PRICES FALLEN DOWN 00:22:07.225 --> 00:22:08.660 align:center line:74% position:40% size:75% DRAMATICALLY BECAUSE INFLATION 00:22:08.660 --> 00:22:09.327 align:center line:74% position:18% size:45% RIGHT NOW IS ZERO. 00:22:09.327 --> 00:22:10.929 align:center line:74% position:40% size:75% EXACTLY WHAT YOU'RE TALKING TO 00:22:10.929 --> 00:22:14.099 align:center line:74% position:36% size:73% PEOPLE RIGHT NOW SO RIGHT NOW 00:22:14.099 --> 00:22:15.734 align:center line:74% position:40% size:75% STAND UP AMERICA, WE'LL HAVE A 00:22:15.734 --> 00:22:16.935 align:center line:74% position:16% size:38% VERY GOOD LIFE. 00:22:16.935 --> 00:22:20.806 align:center line:74% position:15% size:33% >> THANK YOU. 00:22:20.806 --> 00:22:27.512 align:center line:74% position:50% size:80% >> THE NEXT PERSON IS DREW, GOOD 00:22:27.512 --> 00:22:27.746 align:center line:74% position:13% size:20% MORNING. 00:22:27.746 --> 00:22:35.387 align:center line:74% position:24% size:58% >> YES, BRIONNE CRABRE. 00:22:35.387 --> 00:22:35.954 align:center line:74% position:14% size:30% >> SO SORRY. 00:22:35.954 --> 00:22:36.321 align:center line:74% position:14% size:28% THAT'S A B. 00:22:36.321 --> 00:22:36.688 align:center line:74% position:13% size:20% GOT YOU. 00:22:36.688 --> 00:22:39.091 align:center line:74% position:40% size:75% >> GOOD MORNING, MY NAME IS BR 00:22:39.091 --> 00:22:41.660 align:center line:74% position:31% size:68% IONNE KA BRAY AND I WAS THE 00:22:41.660 --> 00:22:44.496 align:center line:74% position:50% size:80% OWNER OF THE GAME COLLECTIVE AND 00:22:44.496 --> 00:22:46.331 align:center line:74% position:36% size:73% FIRST AFRICAN AMERICAN MAN TO 00:22:46.331 --> 00:22:48.266 align:center line:74% position:31% size:68% OPEN UP A MEDICAL MARIJUANA 00:22:48.266 --> 00:22:48.834 align:center line:74% position:31% size:68% COLLECTIVE HERE IN SEATTLE. 00:22:48.834 --> 00:22:50.235 align:center line:74% position:36% size:73% AND THEN OF COURSE BECAUSE OF 00:22:50.235 --> 00:22:53.372 align:center line:74% position:29% size:65% THE COLOR OF MY SKIN I WAS 00:22:53.372 --> 00:22:56.074 align:center line:74% position:27% size:63% VICTIMIZED BY THE SYSTEM. 00:22:56.074 --> 00:22:57.275 align:center line:74% position:25% size:60% MY STORE WAS TAKEN AWAY. 00:22:57.275 --> 00:23:00.145 align:center line:74% position:50% size:80% IN FACT, THE EXACT SAME PLACE AS 00:23:00.145 --> 00:23:03.315 align:center line:74% position:50% size:80% WHERE MY STORE WAS LOCATED THERE 00:23:03.315 --> 00:23:05.684 align:center line:74% position:44% size:78% ARE MY PEOPLE RUNNING MARIJUANA 00:23:05.684 --> 00:23:06.351 align:center line:74% position:17% size:43% STORES OUT OF IT. 00:23:06.351 --> 00:23:08.754 align:center line:74% position:40% size:75% IT WAS A CRYING SHAME WHAT YOU 00:23:08.754 --> 00:23:11.423 align:center line:74% position:27% size:63% GUYS DID TO US AS AFRICAN 00:23:11.423 --> 00:23:13.325 align:center line:74% position:29% size:65% AMERICANS IN THIS STATE OF 00:23:13.325 --> 00:23:15.193 align:center line:74% position:44% size:78% WASHINGTON AGAIN SUPPOSED TO BE 00:23:15.193 --> 00:23:19.731 align:center line:74% position:31% size:68% A PROGRESSIVE STATE BUT THE 00:23:19.731 --> 00:23:20.432 align:center line:74% position:22% size:55% ACTIONS SAY OTHERWISE. 00:23:20.432 --> 00:23:22.601 align:center line:74% position:40% size:75% IF IT WASN'T FOR THE HARD WORK 00:23:22.601 --> 00:23:24.302 align:center line:74% position:44% size:78% OF BLACK EXCELLENCE IN CANNABIS 00:23:24.302 --> 00:23:26.004 align:center line:74% position:27% size:63% WE WOULDN'T BE HERE TODAY 00:23:26.004 --> 00:23:26.238 align:center line:74% position:13% size:20% TALKING. 00:23:26.238 --> 00:23:29.708 align:center line:74% position:44% size:78% YOU GUYS WOULD HAVE JUST WALKED 00:23:29.708 --> 00:23:31.176 align:center line:74% position:31% size:68% AWAY AND LEFT US WITH SNOG. 00:23:31.176 --> 00:23:32.778 align:center line:74% position:36% size:73% THE HARD WORK THAT WE HAD PUT 00:23:32.778 --> 00:23:34.513 align:center line:74% position:44% size:78% INTO OUR BUSINESSES, THE AMOUNT 00:23:34.513 --> 00:23:36.848 align:center line:74% position:36% size:73% OF MONEY AND TIME THAT WE PUT 00:23:36.848 --> 00:23:39.151 align:center line:74% position:50% size:80% INTO OUR BUSINESSES TO MAKE THEM 00:23:39.151 --> 00:23:43.455 align:center line:74% position:50% size:80% WHAT THEY WERE AT THAT TIME SEEM 00:23:43.455 --> 00:23:45.257 align:center line:74% position:27% size:63% TO NOT MAKE A DIFFERENCE. 00:23:45.257 --> 00:23:48.894 align:center line:74% position:44% size:78% AND WE WERE AGAIN LOCKED OUT OF 00:23:48.894 --> 00:23:52.731 align:center line:74% position:33% size:70% AN INDUSTRY THAT SEEMS TO BE 00:23:52.731 --> 00:23:53.932 align:center line:74% position:31% size:68% REPEATING ITSELF THROUGHOUT 00:23:53.932 --> 00:23:55.167 align:center line:74% position:24% size:58% HISTORY WHERE LUCRATIVE 00:23:55.167 --> 00:23:56.168 align:center line:74% position:40% size:75% INDUSTRIES THAT OPEN UP AREN'T 00:23:56.168 --> 00:23:57.636 align:center line:74% position:36% size:73% OPEN TO PEOPLE OF COLOR SO WE 00:23:57.636 --> 00:24:00.572 align:center line:74% position:44% size:78% WANT TO MAKE SURE THAT THE CITY 00:24:00.572 --> 00:24:01.940 align:center line:74% position:29% size:65% OF SEATTLE UNDERSTANDS THE 00:24:01.940 --> 00:24:07.879 align:center line:74% position:50% size:80% IMPORTANCE OF GIVING US BACK OUR 00:24:07.879 --> 00:24:08.113 align:center line:74% position:12% size:18% STORES. 00:24:08.113 --> 00:24:09.080 align:center line:74% position:13% size:25% THANK YOU. 00:24:09.080 --> 00:24:10.482 align:center line:74% position:15% size:33% >> THANK YOU. 00:24:10.482 --> 00:24:11.383 align:center line:74% position:15% size:35% LOTS OF HANDS. 00:24:11.383 --> 00:24:13.919 align:center line:74% position:44% size:78% MATT EDGER TON FOLLOWED BY MIKE 00:24:13.919 --> 00:24:17.622 align:center line:74% position:44% size:78% ACIA AND THE LAST PERSON SIGNED 00:24:17.622 --> 00:24:18.056 align:center line:74% position:15% size:35% UP AMIRA ZETA. 00:24:18.056 --> 00:24:19.057 align:center line:74% position:31% size:68% IF THERE'S ANYBODY ELSE WHO 00:24:19.057 --> 00:24:22.627 align:center line:74% position:36% size:73% WOULD LIKE TO SPEAK, YOU STUL 00:24:22.627 --> 00:24:25.997 align:center line:74% position:21% size:53% HAVE TIME TO SIGN UP. 00:24:25.997 --> 00:24:30.001 align:center line:74% position:36% size:73% >>> GOOD MORNING, SO I'M MATT 00:24:30.001 --> 00:24:33.738 align:center line:74% position:40% size:75% FROM UFC CANNABIS DIVISION AND 00:24:33.738 --> 00:24:35.607 align:center line:74% position:44% size:78% JUST WANTED TO SAY YEARS AGO WE 00:24:35.607 --> 00:24:38.977 align:center line:74% position:44% size:78% STARTED A PROCESS WITH A LOT OF 00:24:38.977 --> 00:24:41.146 align:center line:74% position:44% size:78% STAKE HOLDERS, PEOPLE FROM OVER 00:24:41.146 --> 00:24:45.584 align:center line:74% position:44% size:78% 42 ORGANIZATIONS SURVEYED A TON 00:24:45.584 --> 00:24:46.852 align:center line:74% position:44% size:78% OF CANNABIS ABOUT PUBLIC POLICY 00:24:46.852 --> 00:24:48.453 align:center line:74% position:36% size:73% CHANGES DONE AT A LOCAL LEVEL 00:24:48.453 --> 00:24:49.888 align:center line:74% position:40% size:75% BECAUSE WE KNOW THE STATES NOT 00:24:49.888 --> 00:24:54.192 align:center line:74% position:50% size:80% MOVING AND WE NEED TO MOVE STUFF 00:24:54.192 --> 00:24:54.426 align:center line:74% position:13% size:20% LOCALLY. 00:24:54.426 --> 00:24:56.561 align:center line:74% position:36% size:73% WE PROPOSED A LOT OF STUFF TO 00:24:56.561 --> 00:24:56.928 align:center line:74% position:13% size:23% THE CITY. 00:24:56.928 --> 00:25:00.265 align:center line:74% position:44% size:78% A LOT OF STUFF THAT'S NOT HERE. 00:25:00.265 --> 00:25:01.833 align:center line:74% position:44% size:78% LIKE FUNDED TRAINING AND SOCIAL 00:25:01.833 --> 00:25:04.836 align:center line:74% position:44% size:78% EQUITY FUNDS BUT THIS IS LIKE A 00:25:04.836 --> 00:25:06.738 align:center line:74% position:36% size:73% GOOD START AND I AM VERY GLAD 00:25:06.738 --> 00:25:09.808 align:center line:74% position:29% size:65% AND APPRECIATE THE MAYOR'S 00:25:09.808 --> 00:25:10.842 align:center line:74% position:19% size:48% OFFICE AND COUNCIL. 00:25:10.842 --> 00:25:12.611 align:center line:74% position:29% size:65% I DO FOR LIKE GETTING SOME 00:25:12.611 --> 00:25:21.052 align:center line:74% position:31% size:68% FOUNDATION GOING, I WANT TO 00:25:21.052 --> 00:25:24.022 align:center line:74% position:36% size:73% ADDRESS THIS NEEDS ASSESSMENT 00:25:24.022 --> 00:25:24.222 align:center line:74% position:12% size:15% STUFF. 00:25:24.222 --> 00:25:29.094 align:center line:74% position:27% size:63% WE TREAT WASHINGTON AS AN 00:25:29.094 --> 00:25:30.061 align:center line:74% position:14% size:28% INTERMETER. 00:25:30.061 --> 00:25:30.929 align:center line:74% position:44% size:78% WE WANT WORKER VOICES AND NEEDS 00:25:30.929 --> 00:25:36.368 align:center line:74% position:27% size:63% TO BE REALLY PART OF THAT 00:25:36.368 --> 00:25:37.669 align:center line:74% position:36% size:73% ASSESSMENT AND THAT'S RUNNING 00:25:37.669 --> 00:25:38.570 align:center line:74% position:27% size:63% SURVEYS AND FOCUS GROUPS, 00:25:38.570 --> 00:25:40.939 align:center line:74% position:40% size:75% ACTUALLY A FUNCTION AS OPPOSED 00:25:40.939 --> 00:25:42.040 align:center line:74% position:29% size:65% TO THE PUBLISHING OF THIS. 00:25:42.040 --> 00:25:43.108 align:center line:74% position:21% size:53% THIS IS GOING TO BE A 00:25:43.108 --> 00:25:46.444 align:center line:74% position:33% size:70% DELIVERABLE BACK TO THE CITY 00:25:46.444 --> 00:25:48.079 align:center line:74% position:29% size:65% THAT NEEDS TO BE REVIEWED. 00:25:48.079 --> 00:25:51.616 align:center line:74% position:50% size:80% AND THE RESULTS ARE NOT GOING TO 00:25:51.616 --> 00:25:54.586 align:center line:74% position:50% size:80% BE -- WHEN YOU TAKE WORKER NEEDS 00:25:54.586 --> 00:25:55.887 align:center line:74% position:50% size:80% EMPLOYER NEEDS THEY'RE DIFFERENT 00:25:55.887 --> 00:25:58.390 align:center line:74% position:36% size:73% RESULTS IN A SURVEY BUT WHERE 00:25:58.390 --> 00:26:00.125 align:center line:74% position:44% size:78% THEY ALIGN, THAT IS WHERE THERE 00:26:00.125 --> 00:26:01.960 align:center line:74% position:44% size:78% COULD BE FOCUS ON THIS AND THIS 00:26:01.960 --> 00:26:07.632 align:center line:74% position:44% size:78% IS SOMETHING I'M OUT OF TIME SO 00:26:07.632 --> 00:26:08.166 align:center line:74% position:12% size:18% THANKS. 00:26:08.166 --> 00:26:10.268 align:center line:74% position:24% size:58% >> THANK YOU VERY MUCH. 00:26:10.268 --> 00:26:14.806 align:center line:74% position:50% size:80% MIKE ACIA FOLLOWED BY AMIRA GOOD 00:26:14.806 --> 00:26:15.240 align:center line:74% position:13% size:20% MORNING. 00:26:15.240 --> 00:26:16.408 align:center line:74% position:44% size:78% >>> GOOD MORNING, COUNCILMEMBER 00:26:16.408 --> 00:26:18.410 align:center line:74% position:50% size:80% TERESA MOSQUEDA AND GOOD MORNING 00:26:18.410 --> 00:26:19.911 align:center line:74% position:40% size:75% COUNCILMEMBERS AND THE PUBLIC. 00:26:19.911 --> 00:26:23.014 align:center line:74% position:36% size:73% MY NAME IS MIKE ACIA WITH MOC 00:26:23.014 --> 00:26:23.381 align:center line:74% position:14% size:28% COLLECTIVE. 00:26:23.381 --> 00:26:28.286 align:center line:74% position:27% size:63% WE WERE THE TIRS DOWNTOWN 00:26:28.286 --> 00:26:30.455 align:center line:74% position:24% size:58% SEATTLE COLLECT TIFF IN 00:26:30.455 --> 00:26:30.722 align:center line:74% position:13% size:25% 2010-2011. 00:26:30.722 --> 00:26:32.791 align:center line:74% position:40% size:75% THERE SHOULD BE NO QUESTION OF 00:26:32.791 --> 00:26:34.326 align:center line:74% position:31% size:68% EMERALD CITY COLLECTIVE AND 00:26:34.326 --> 00:26:36.761 align:center line:74% position:40% size:75% BLACK CANNABIS IN FULL SUPPORT 00:26:36.761 --> 00:26:38.296 align:center line:74% position:50% size:80% OF SOCIAL EQUITY IN CANNABIS, OF 00:26:38.296 --> 00:26:38.930 align:center line:74% position:15% size:35% COURSE WE ARE. 00:26:38.930 --> 00:26:43.101 align:center line:74% position:40% size:75% WE HAVE SUPPORT FROM THE MAYOR 00:26:43.101 --> 00:26:44.769 align:center line:74% position:29% size:65% AND CITY COUNCIL REGARDING 00:26:44.769 --> 00:26:45.537 align:center line:74% position:24% size:58% CANNABIS SOCIAL EQUITY. 00:26:45.537 --> 00:26:47.339 align:center line:74% position:50% size:80% WE ARE IN FULL SUPPORT OF RIGHTS 00:26:47.339 --> 00:26:48.540 align:center line:74% position:40% size:75% AND PROTECTIONS FOR EMPLOYEES. 00:26:48.540 --> 00:26:51.977 align:center line:74% position:36% size:73% WE STAND HERE THIS MORNING IN 00:26:51.977 --> 00:26:54.713 align:center line:74% position:25% size:60% SUPPORT OF SARA NELSON'S 00:26:54.713 --> 00:26:56.648 align:center line:74% position:24% size:58% AMENDMENT REGARDING THE 00:26:56.648 --> 00:26:57.749 align:center line:74% position:50% size:80% INDEPENDENT ACADEMIC INSTITUTION 00:26:57.749 --> 00:27:00.151 align:center line:74% position:50% size:80% TO HELP WITH THE WORKER TRAINING 00:27:00.151 --> 00:27:01.019 align:center line:74% position:16% size:38% AND PROTECTION. 00:27:01.019 --> 00:27:02.721 align:center line:74% position:27% size:63% WE ARE NOT HERE TO FIGHT. 00:27:02.721 --> 00:27:05.457 align:center line:74% position:50% size:80% WE JUST ARE HAVING CONCERNS WHEN 00:27:05.457 --> 00:27:12.931 align:center line:74% position:50% size:80% IT COMES TO UNION BEING ATTACHED 00:27:12.931 --> 00:27:14.332 align:center line:74% position:17% size:43% TO SOCIAL EQUITY. 00:27:14.332 --> 00:27:18.169 align:center line:74% position:25% size:60% THE RECENT COMMENTS FROM 00:27:18.169 --> 00:27:19.104 align:center line:74% position:25% size:60% NATIONAL MEDIA REGARDING 00:27:19.104 --> 00:27:19.904 align:center line:74% position:21% size:53% APPLICANTS BEING DRUG 00:27:19.904 --> 00:27:22.674 align:center line:74% position:44% size:78% TRAFFICKERS AND SELLING TO KIDS 00:27:22.674 --> 00:27:23.541 align:center line:74% position:13% size:25% IS RACIST. 00:27:23.541 --> 00:27:26.111 align:center line:74% position:31% size:68% THIS IS AN EXAMPLE OF WHITE 00:27:26.111 --> 00:27:26.478 align:center line:74% position:13% size:25% SUPREMACY. 00:27:26.478 --> 00:27:27.679 align:center line:74% position:27% size:63% WE NEVER HAD ANY STATE OR 00:27:27.679 --> 00:27:32.684 align:center line:74% position:33% size:70% VIOLATIONS AND NEVER SOLD TO 00:27:32.684 --> 00:27:33.184 align:center line:74% position:11% size:13% KIDS. 00:27:33.184 --> 00:27:35.453 align:center line:74% position:44% size:78% WE STOPPED ALLOWING 21 UNDER TO 00:27:35.453 --> 00:27:38.156 align:center line:74% position:29% size:65% BE MEMBERS OF EMERALD CITY 00:27:38.156 --> 00:27:38.456 align:center line:74% position:14% size:28% COLLECTIVE. 00:27:38.456 --> 00:27:39.824 align:center line:74% position:31% size:68% WE BLACK AND BROWN PIONEERS 00:27:39.824 --> 00:27:42.160 align:center line:74% position:25% size:60% HELPED CREATE A THRIVING 00:27:42.160 --> 00:27:43.194 align:center line:74% position:22% size:55% CANNABIS WE SEE TODAY. 00:27:43.194 --> 00:27:45.597 align:center line:74% position:40% size:75% WE ARE SONS, FATHERS, BUSINESS 00:27:45.597 --> 00:27:48.666 align:center line:74% position:29% size:65% MEN AND WOMEN AND AMERICAN 00:27:48.666 --> 00:27:50.502 align:center line:74% position:18% size:45% CITIZENS, NOT DRUG 00:27:50.502 --> 00:27:50.869 align:center line:74% position:16% size:38% TRAFFICKERINGS. 00:27:50.869 --> 00:27:52.203 align:center line:74% position:50% size:80% WE ARE CANNABIS PIONEERS WANTING 00:27:52.203 --> 00:27:54.472 align:center line:74% position:29% size:65% OUR BUSINESS BACK TO START 00:27:54.472 --> 00:27:56.408 align:center line:74% position:29% size:65% RECOVERY AND INCLUDING NEW 00:27:56.408 --> 00:27:57.108 align:center line:74% position:50% size:80% BUSINESS OWNERS BLACK AND BROWN. 00:27:57.442 --> 00:28:06.151 align:center line:74% position:10% size:3% . 00:28:06.151 --> 00:28:08.753 align:center line:74% position:44% size:78% >> IF YOU HAVE THE REST OF YOUR 00:28:08.753 --> 00:28:12.323 align:center line:74% position:27% size:63% SENTENCE TO FINISH YOU'RE 00:28:12.323 --> 00:28:13.258 align:center line:74% position:14% size:28% WELCOME TO. 00:28:13.258 --> 00:28:14.526 align:center line:74% position:14% size:30% THAT'S FINE. 00:28:14.526 --> 00:28:15.794 align:center line:74% position:29% size:65% >> I WAS PRETTY MUCH DONE. 00:28:15.794 --> 00:28:17.429 align:center line:74% position:44% size:78% BUT WHAT I WANTED TO SAY AS YOU 00:28:17.429 --> 00:28:19.531 align:center line:74% position:36% size:73% CAN SEE HERE THIS MORNING, WE 00:28:19.531 --> 00:28:21.499 align:center line:74% position:25% size:60% HAVE A HANDFUL OF FORMER 00:28:21.499 --> 00:28:23.201 align:center line:74% position:36% size:73% PIONEERS HERE THAT WERE BLACK 00:28:23.201 --> 00:28:25.637 align:center line:74% position:44% size:78% AND THERE'S MANY MORE OUT THERE 00:28:25.637 --> 00:28:26.604 align:center line:74% position:25% size:60% THAT BLACK EXCELLENCE IN 00:28:26.604 --> 00:28:30.442 align:center line:74% position:50% size:80% CANNABIS EMERALD CITY COLLECTIVE 00:28:30.442 --> 00:28:31.543 align:center line:74% position:36% size:73% IS BRINGING TO THE FOREFRONT. 00:28:31.543 --> 00:28:33.611 align:center line:74% position:44% size:78% WE ARE THE PIONEERS AND WE WANT 00:28:33.611 --> 00:28:35.680 align:center line:74% position:44% size:78% TO BE HEARD AND WE FEEL LIKE AS 00:28:35.680 --> 00:28:39.317 align:center line:74% position:44% size:78% IF THE CITY HAS DROWNED OUT THE 00:28:39.317 --> 00:28:39.584 align:center line:74% position:13% size:23% PIONEERS. 00:28:39.584 --> 00:28:40.251 align:center line:74% position:44% size:78% WE APPRECIATE EVERYTHING THAT'S 00:28:40.251 --> 00:28:41.753 align:center line:74% position:33% size:70% GOING FORWARD BUT WE WANT TO 00:28:41.753 --> 00:28:44.289 align:center line:74% position:44% size:78% MAKE SURE THAT PEOPLE KNOW THAT 00:28:44.289 --> 00:28:45.757 align:center line:74% position:31% size:68% THERE WERE BLACKS THAT WERE 00:28:45.757 --> 00:28:47.425 align:center line:74% position:44% size:78% THRIVING AND HAD THE MODEL THAT 00:28:47.425 --> 00:28:47.759 align:center line:74% position:15% size:35% YOU SEE TODAY. 00:28:47.759 --> 00:28:47.959 align:center line:74% position:13% size:25% THANK YOU. 00:28:48.293 --> 00:28:52.864 align:center line:74% position:21% size:53% THANK YOU VERY MUCH.% 00:28:52.864 --> 00:29:00.538 align:center line:74% position:33% size:70% >>> AND GOOD MORNING WELCOME 00:29:00.538 --> 00:29:01.539 align:center line:74% position:13% size:25% THANK YOU. 00:29:01.539 --> 00:29:01.840 align:center line:74% position:13% size:23% >> HELLO. 00:29:01.840 --> 00:29:05.877 align:center line:74% position:33% size:70% MY NAME IS AMARA ZIANA AND I 00:29:05.877 --> 00:29:09.147 align:center line:74% position:27% size:63% WORK AT UFCW 3,000 IN THE 00:29:09.147 --> 00:29:09.948 align:center line:74% position:18% size:45% CANNABIS DIVISION. 00:29:09.948 --> 00:29:13.518 align:center line:74% position:50% size:80% I JUST WANT TO ADDRESS THIS FEAR 00:29:13.518 --> 00:29:15.520 align:center line:74% position:31% size:68% MONGERING I'VE BEEN HEARING 00:29:15.520 --> 00:29:15.820 align:center line:74% position:14% size:28% ABOUT UFCW. 00:29:15.820 --> 00:29:17.021 align:center line:74% position:16% size:38% WE ARE A UNION. 00:29:17.021 --> 00:29:20.258 align:center line:74% position:50% size:80% WHAT UNIONS DO IS MAKE SURE THAT 00:29:20.258 --> 00:29:22.127 align:center line:74% position:27% size:63% BUSINESSES THRIVE FOR THE 00:29:22.127 --> 00:29:23.628 align:center line:74% position:31% size:68% WORKERS AND FOR THE OWNERS. 00:29:23.628 --> 00:29:24.762 align:center line:74% position:29% size:65% AND MAKE SURE THAT WORKING 00:29:24.762 --> 00:29:26.631 align:center line:74% position:33% size:70% CONDITIONS WORK WELL AND ONE 00:29:26.631 --> 00:29:28.633 align:center line:74% position:36% size:73% THING I KEEP NOT HEARING FROM 00:29:28.633 --> 00:29:32.036 align:center line:74% position:44% size:78% MOST OF THESE PEOPLE IS YES, WE 00:29:32.036 --> 00:29:35.507 align:center line:74% position:36% size:73% NEED EQUITY FOR OWNERSHIP AND 00:29:35.507 --> 00:29:36.508 align:center line:74% position:24% size:58% EQUITY FOR MARGINALIZED 00:29:36.508 --> 00:29:37.909 align:center line:74% position:40% size:75% COMMUNITIES BUT WE NEED EQUITY 00:29:37.909 --> 00:29:38.610 align:center line:74% position:21% size:53% IN THE WORKPLACE TOO. 00:29:38.610 --> 00:29:41.379 align:center line:74% position:50% size:80% A LOT OF THE PEOPLE THAT WORK IN 00:29:41.379 --> 00:29:47.886 align:center line:74% position:44% size:78% THESE CANNABIS STORES ARE BLACK 00:29:47.886 --> 00:29:49.254 align:center line:74% position:20% size:50% AND BROWN PEOPLE AND 00:29:49.254 --> 00:29:52.223 align:center line:74% position:50% size:80% MARGINALIZED COMMUNITIES AND THE 00:29:52.223 --> 00:29:53.324 align:center line:74% position:40% size:75% REASON I SUPPORT COUNCILMEMBER 00:29:53.324 --> 00:29:54.792 align:center line:74% position:44% size:78% TERESA MOSQUEDA'S ASSESSMENT IS 00:29:54.792 --> 00:29:57.328 align:center line:74% position:40% size:75% BECAUSE A LOT OF TIMES WORKERS 00:29:57.328 --> 00:29:58.329 align:center line:74% position:20% size:50% VOICES ARE LEFT OUT. 00:29:58.329 --> 00:30:00.298 align:center line:74% position:36% size:73% AND YOU CAN'T HAVE A THRIVING 00:30:00.298 --> 00:30:02.800 align:center line:74% position:36% size:73% COMPANY IF YOU HAVE HIGH TURN 00:30:02.800 --> 00:30:04.702 align:center line:74% position:44% size:78% OVERAND WORKERS ARE NOT KNOWING 00:30:04.702 --> 00:30:06.838 align:center line:74% position:36% size:73% WHAT THEY'RE DOING MAKING BAD 00:30:06.838 --> 00:30:08.573 align:center line:74% position:22% size:55% SALES OR BAD PRODUCTS. 00:30:08.573 --> 00:30:10.275 align:center line:74% position:44% size:78% SO I REALLY THINK THAT WOER NOT 00:30:10.275 --> 00:30:11.676 align:center line:74% position:44% size:78% SCARY, I WOULD LOVE TO COME AND 00:30:11.676 --> 00:30:13.578 align:center line:74% position:44% size:78% HAVE YOU GUYS TALK TO US AND WE 00:30:13.578 --> 00:30:15.847 align:center line:74% position:50% size:80% CAN WORK TOGETHER AND TALK ABOUT 00:30:15.847 --> 00:30:20.418 align:center line:74% position:31% size:68% WHAT YOUR CONCERNS ARE OVER 00:30:20.418 --> 00:30:22.120 align:center line:74% position:29% size:65% HAVING A NONPROFIT THAT IS 00:30:22.120 --> 00:30:23.087 align:center line:74% position:14% size:30% EXPERIENCED. 00:30:23.087 --> 00:30:25.990 align:center line:74% position:40% size:75% THIS IS OUR EXPERTISE AND WHAT 00:30:25.990 --> 00:30:26.591 align:center line:74% position:13% size:20% THEY DO. 00:30:26.591 --> 00:30:27.458 align:center line:74% position:24% size:58% AND DO IT SUCCESSFULLY. 00:30:27.458 --> 00:30:30.061 align:center line:74% position:36% size:73% SO I THINK WE'RE NOT SOME BIG 00:30:30.061 --> 00:30:30.395 align:center line:74% position:15% size:33% SCARY PERSON. 00:30:30.395 --> 00:30:33.298 align:center line:74% position:31% size:68% WE'RE ALSO PEOPLE OF COLOR. 00:30:33.298 --> 00:30:35.867 align:center line:74% position:31% size:68% MY BROTHER WAS ARRESTED FOR 00:30:35.867 --> 00:30:37.602 align:center line:74% position:40% size:75% MARIJUANA CHARGES IN THE EARLY 00:30:37.602 --> 00:30:37.902 align:center line:74% position:12% size:18% 2000'S. 00:30:37.902 --> 00:30:39.437 align:center line:74% position:24% size:58% ALL OF US THIS STUFF IS 00:30:39.437 --> 00:30:42.140 align:center line:74% position:36% size:73% IMPORTANT BUT WE CAN'T FORGET 00:30:42.140 --> 00:30:42.907 align:center line:74% position:27% size:63% THE VOICE OF THE WORKERS. 00:30:42.907 --> 00:30:43.074 align:center line:74% position:12% size:18% THANKS. 00:30:43.408 --> 00:30:44.375 align:center line:74% position:10% size:3% . 00:30:44.375 --> 00:30:46.711 align:center line:74% position:40% size:75% >> THANK YOU ALL SO VERY MUCH. 00:30:46.711 --> 00:30:48.012 align:center line:74% position:33% size:70% REALLY APPRECIATE THE PUBLIC 00:30:48.012 --> 00:30:49.948 align:center line:74% position:44% size:78% COMMENT TODAY AND I'M HEARING A 00:30:49.948 --> 00:30:51.282 align:center line:74% position:44% size:78% LOT OF COMMON GROUND AND BEFORE 00:30:51.282 --> 00:30:52.450 align:center line:74% position:25% size:60% WE CLOSE REPUBLICAN LUCK 00:30:52.450 --> 00:30:54.752 align:center line:74% position:50% size:80% COMMENT, I ALSO WANT TO ECHO AND 00:30:54.752 --> 00:30:55.720 align:center line:74% position:33% size:70% UNDERSCORE THE COMMENTS MADE 00:30:55.720 --> 00:30:58.022 align:center line:74% position:29% size:65% TODAY AND YESTERDAY DURING 00:30:58.022 --> 00:31:01.025 align:center line:74% position:44% size:78% PUBLIC COMMENT TO FULLY CONDEMN 00:31:01.025 --> 00:31:03.928 align:center line:74% position:44% size:78% THE RACIST COMMENTS ABOUT BLACK 00:31:03.928 --> 00:31:06.297 align:center line:74% position:40% size:75% AND BROWN OWNER SHOPS AS WELL. 00:31:06.297 --> 00:31:07.198 align:center line:74% position:36% size:73% ABSOLUTELY UNACCEPTABLE AND I 00:31:07.198 --> 00:31:08.533 align:center line:74% position:50% size:80% HOPE OUR CONVERSATION IN SEATTLE 00:31:08.533 --> 00:31:09.901 align:center line:74% position:50% size:80% THE VARIOUS INDIVIDUALS WHO COME 00:31:09.901 --> 00:31:12.003 align:center line:74% position:44% size:78% TO PROVIDE PUBLIC TESTIMONY AND 00:31:12.003 --> 00:31:13.571 align:center line:74% position:33% size:70% THE HISTORY JUST HERE IN OUR 00:31:13.571 --> 00:31:14.873 align:center line:74% position:40% size:75% PACIFIC NORTHWEST REGION HELPS 00:31:14.873 --> 00:31:16.541 align:center line:74% position:36% size:73% TO CORRECT THAT NARRATIVE AND 00:31:16.541 --> 00:31:17.508 align:center line:74% position:40% size:75% PUSH BACK AGAINST THOSE RACIST 00:31:17.508 --> 00:31:19.444 align:center line:74% position:25% size:60% ATTACKS SO THANK YOU FOR 00:31:19.444 --> 00:31:20.678 align:center line:74% position:33% size:70% CONTINUING TO BRING THAT UP. 00:31:20.678 --> 00:31:22.580 align:center line:74% position:44% size:78% WITH THAT, WE STILL DO NOT HAVE 00:31:22.580 --> 00:31:24.649 align:center line:74% position:50% size:80% GABRIELLE WITH US SO WE'RE GOING 00:31:24.649 --> 00:31:26.517 align:center line:74% position:31% size:68% TO CLOSE OUT PUBLIC COMMENT 00:31:26.517 --> 00:31:27.185 align:center line:74% position:12% size:15% TODAY. 00:31:27.185 --> 00:31:32.156 align:center line:74% position:29% size:65% AND MOVE ON IN TO ITEMS OF 00:31:32.156 --> 00:31:32.423 align:center line:74% position:13% size:23% BUSINESS. 00:31:32.423 --> 00:31:33.791 align:center line:74% position:50% size:80% MADAME CLERK CAN YOU PLEASE READ 00:31:33.791 --> 00:31:38.930 align:center line:74% position:40% size:75% ITEMS 1, 2, 3 INTO THE RECORD. 00:31:38.930 --> 00:31:40.398 align:center line:74% position:31% size:68% >> AGENDA ITEM COUNCIL BILL 00:31:40.398 --> 00:31:41.933 align:center line:74% position:40% size:75% 20391 AN ARD NANS ESTABLISHING 00:31:41.933 --> 00:31:44.269 align:center line:74% position:50% size:80% THE CITY'S COMMITMENTS AND PLANS 00:31:44.269 --> 00:31:47.305 align:center line:74% position:44% size:78% FOR SUPPORTING CANNABIS WORKERS 00:31:47.305 --> 00:31:48.139 align:center line:74% position:29% size:65% AND SUPPORTING COMMUNITIES 00:31:48.139 --> 00:31:50.909 align:center line:74% position:40% size:75% DISPORTION NATALIE HURT BY THE 00:31:50.909 --> 00:31:52.410 align:center line:74% position:21% size:53% FEDERAL WAR ON DRUGS. 00:31:52.410 --> 00:31:55.980 align:center line:74% position:33% size:70% AGENDA IE TUM NUMBER TWO, AN 00:31:55.980 --> 00:31:58.049 align:center line:74% position:44% size:78% ORDINANCE RELATING TO LICENSING 00:31:58.049 --> 00:32:01.953 align:center line:74% position:50% size:80% CANNABISES IN SEATTLE AND AGENDA 00:32:01.953 --> 00:32:03.721 align:center line:74% position:50% size:80% NUMBER THREE COUNCIL BILL 393 AN 00:32:03.721 --> 00:32:05.456 align:center line:74% position:22% size:55% ORDINANCE RELATE TO GO 00:32:05.456 --> 00:32:06.291 align:center line:74% position:27% size:63% EMPLOYMENT IN SEATTLE FOR 00:32:06.291 --> 00:32:06.958 align:center line:74% position:25% size:60% BRIEFING, DISCUSSION AND 00:32:06.958 --> 00:32:08.059 align:center line:74% position:15% size:35% POSSIBLE VOTE. 00:32:08.059 --> 00:32:15.400 align:center line:74% position:24% size:58% >> THANK YOU VERY MUCH. 00:32:15.400 --> 00:32:17.435 align:center line:74% position:50% size:80% I ALSO WANT TO THANK THE MAYOR'S 00:32:17.435 --> 00:32:19.437 align:center line:74% position:12% size:18% OFFICE. 00:32:19.437 --> 00:32:20.872 align:center line:74% position:31% size:68% THEY HAVE BEEN AT COMMITTEE 00:32:20.872 --> 00:32:22.440 align:center line:74% position:36% size:73% MEETINGS JANUARY-APRIL AND IN 00:32:22.440 --> 00:32:24.842 align:center line:74% position:40% size:75% THE LAST TWO MEETINGS AS WELL. 00:32:24.842 --> 00:32:26.844 align:center line:74% position:40% size:75% THEY WERE LISTED ON THE AGENDA 00:32:26.844 --> 00:32:28.880 align:center line:74% position:40% size:75% TODAY BECAUSE WE'RE SO USED TO 00:32:28.880 --> 00:32:29.480 align:center line:74% position:14% size:30% HAVING THEM. 00:32:29.480 --> 00:32:31.783 align:center line:74% position:33% size:70% I WANT TO THANK THEM BECAUSE 00:32:31.783 --> 00:32:33.618 align:center line:74% position:50% size:80% THEY'RE NOT INTENDED TO COME AND 00:32:33.618 --> 00:32:35.253 align:center line:74% position:44% size:78% JUST WANTED TO TAKE A SECOND TO 00:32:35.253 --> 00:32:41.592 align:center line:74% position:36% size:73% RECOGNIZE THEM AND APPRECIATE 00:32:41.592 --> 00:32:42.427 align:center line:74% position:25% size:60% THE WORK THEY HAVE DONE. 00:32:42.427 --> 00:32:48.232 align:center line:74% position:50% size:80% SO WITH US TODAY PRESENTERS FROM 00:32:48.232 --> 00:32:51.436 align:center line:74% position:33% size:70% CENTRAL STAFF INCLUDING LISA 00:32:51.436 --> 00:32:52.503 align:center line:74% position:27% size:63% KAY, AMY GORE AND JASMINE 00:32:52.503 --> 00:32:52.737 align:center line:74% position:12% size:18% MOHAHA. 00:32:52.737 --> 00:32:54.305 align:center line:74% position:44% size:78% úAS WE GET TO EACH OF THE BILLS 00:32:54.305 --> 00:32:56.507 align:center line:74% position:31% size:68% IN FRONT OF US, EACH OF THE 00:32:56.507 --> 00:32:58.209 align:center line:74% position:40% size:75% CENTRAL STAFF LEADERS ON THOSE 00:32:58.209 --> 00:32:59.744 align:center line:74% position:36% size:73% PIECES OF LEGISLATION WILL BE 00:32:59.744 --> 00:33:00.111 align:center line:74% position:14% size:30% SPEAKING UP. 00:33:00.111 --> 00:33:01.579 align:center line:74% position:44% size:78% AS WE GET STARTED HERE TODAY, I 00:33:01.579 --> 00:33:03.848 align:center line:74% position:44% size:78% WANT TO TAKE A MOMENT BEFORE WE 00:33:03.848 --> 00:33:05.483 align:center line:74% position:24% size:58% DIVE IN TO CONSIDER THE 00:33:05.483 --> 00:33:07.552 align:center line:74% position:33% size:70% AMENDMENTS IN FRONT OF US TO 00:33:07.552 --> 00:33:09.220 align:center line:74% position:31% size:68% WHERE WE PAUSE AND REFLECT. 00:33:09.220 --> 00:33:11.022 align:center line:74% position:31% size:68% REFLECT ON HOW WE GOT HERE. 00:33:11.022 --> 00:33:12.223 align:center line:74% position:50% size:80% YES, THIS IS A CONVERSATION THAT 00:33:12.223 --> 00:33:13.858 align:center line:74% position:36% size:73% OUR OFFICE AND THIS COMMITTEE 00:33:13.858 --> 00:33:14.959 align:center line:74% position:40% size:75% HAS BEEN ENGAGED IN THROUGHOUT 00:33:14.959 --> 00:33:17.061 align:center line:74% position:24% size:58% THE YEAR BUT THIS IS AN 00:33:17.061 --> 00:33:19.163 align:center line:74% position:44% size:78% OPPORTUNITY FOR US TO PAUSE AND 00:33:19.163 --> 00:33:23.501 align:center line:74% position:36% size:73% PROCESS AND REALLY REFLECT ON 00:33:23.501 --> 00:33:24.202 align:center line:74% position:22% size:55% HOW MANY ORGANIZATIONS 00:33:24.202 --> 00:33:24.836 align:center line:74% position:36% size:73% INDIVIDUALS, BUSINESS OWNERS, 00:33:24.836 --> 00:33:26.671 align:center line:74% position:40% size:75% WORKERS AS YOU HAVE HEARD OVER 00:33:26.671 --> 00:33:29.207 align:center line:74% position:50% size:80% THE LAST FEW MEETINGS AND PUBLIC 00:33:29.207 --> 00:33:32.643 align:center line:74% position:50% size:80% TESTIMONY HAVE BEEN PUSHING BACK 00:33:32.643 --> 00:33:33.277 align:center line:74% position:27% size:63% AGAINST HARMFUL POLICIES. 00:33:33.277 --> 00:33:35.580 align:center line:74% position:40% size:75% POLICIES CAUSED BY THE FEDERAL 00:33:35.580 --> 00:33:37.181 align:center line:74% position:36% size:73% WAR ON DRUGS BUT ALSO HARMFUL 00:33:37.181 --> 00:33:38.783 align:center line:74% position:40% size:75% POLICIES THAT CAME OUT OF CITY 00:33:38.783 --> 00:33:40.118 align:center line:74% position:33% size:70% HALL NOT EVEN TEN YEARS AGO. 00:33:40.118 --> 00:33:42.220 align:center line:74% position:50% size:80% WE'RE HERE TODAY TO LOOK AT WAYS 00:33:42.220 --> 00:33:44.756 align:center line:74% position:44% size:78% THAT THE CITY OF SEATTLE IN THE 00:33:44.756 --> 00:33:46.958 align:center line:74% position:33% size:70% STATE OF WASHINGTON CAN PUSH 00:33:46.958 --> 00:33:49.327 align:center line:74% position:44% size:78% BACK ON THESE FEDERAL POLICIES, 00:33:49.327 --> 00:33:50.595 align:center line:74% position:31% size:68% THESE HARMFUL POLICIES ALSO 00:33:50.595 --> 00:33:53.498 align:center line:74% position:36% size:73% WITHIN THE CITY OF SEATTLE TO 00:33:53.498 --> 00:33:54.665 align:center line:74% position:29% size:65% IMPROVE LABOR STANDARDS TO 00:33:54.665 --> 00:33:55.867 align:center line:74% position:50% size:80% SUPPORT BLACK AND BROWN BUSINESS 00:33:55.867 --> 00:34:00.538 align:center line:74% position:33% size:70% OWNERS AND TO MAKE SURE THAT 00:34:00.538 --> 00:34:01.706 align:center line:74% position:33% size:70% WITHIN THE CANNABIS INDUSTRY 00:34:01.706 --> 00:34:03.040 align:center line:74% position:31% size:68% THERE'S STRONG TRAINING AND 00:34:03.040 --> 00:34:04.208 align:center line:74% position:29% size:65% SMALL BUSINESS SUPPORT AND 00:34:04.208 --> 00:34:05.510 align:center line:74% position:36% size:73% TECHNICAL ASSISTANCE AND WAYS 00:34:05.510 --> 00:34:07.712 align:center line:74% position:33% size:70% FOR US OVER TIME THROUGH THE 00:34:07.712 --> 00:34:10.114 align:center line:74% position:40% size:75% ADVICE FROM THE ADVISORY BOARD 00:34:10.114 --> 00:34:10.948 align:center line:74% position:27% size:63% TO INCORPORATE ADDITIONAL 00:34:10.948 --> 00:34:11.215 align:center line:74% position:13% size:23% POLICIES. 00:34:11.215 --> 00:34:13.384 align:center line:74% position:31% size:68% AS YOU ALSO HEARD IN PUBLIC 00:34:13.384 --> 00:34:15.686 align:center line:74% position:50% size:80% COMMENT, THIS IS A SMALL STEP OF 00:34:15.686 --> 00:34:17.655 align:center line:74% position:24% size:58% SMALL STEP IN THE RIGHT 00:34:17.655 --> 00:34:21.592 align:center line:74% position:44% size:78% DIRECTION TOWARDS UNDOING THOSE 00:34:21.592 --> 00:34:22.059 align:center line:74% position:14% size:28% PAST HARMS. 00:34:22.059 --> 00:34:22.927 align:center line:74% position:40% size:75% I WANT TO SPECIFICALLILY THANK 00:34:22.927 --> 00:34:24.796 align:center line:74% position:36% size:73% THE FOLKS WHO LAID THE GROUND 00:34:24.796 --> 00:34:27.398 align:center line:74% position:40% size:75% FOR THE SMALL STEPS TODAY, THE 00:34:27.398 --> 00:34:30.334 align:center line:74% position:25% size:60% GROUND WORK LED BY BLACK 00:34:30.334 --> 00:34:31.602 align:center line:74% position:31% size:68% EXCELLENCE AND EMERALD CITY 00:34:31.602 --> 00:34:32.937 align:center line:74% position:33% size:70% COLLECTIVE, AFRICAN AMERICAN 00:34:32.937 --> 00:34:34.238 align:center line:74% position:50% size:80% AFFAIRS COMMISSION AND ORGANIZES 00:34:34.238 --> 00:34:38.242 align:center line:74% position:40% size:75% WORKING ON THIS ISSUE ACROSS A 00:34:38.242 --> 00:34:41.345 align:center line:74% position:31% size:68% REGION INCLUDING UFCW 3,000 00:34:41.345 --> 00:34:42.346 align:center line:74% position:31% size:68% WORKING IN PARTNERSHIP WITH 00:34:42.346 --> 00:34:42.914 align:center line:74% position:20% size:50% BLACK LIFE COMMUNITY 00:34:42.914 --> 00:34:44.482 align:center line:74% position:44% size:78% ORGANIZATIONS OVER THE PAST FEW 00:34:44.482 --> 00:34:46.584 align:center line:74% position:36% size:73% YEARS AND I WANT TO THANK OUR 00:34:46.584 --> 00:34:48.252 align:center line:74% position:36% size:73% CITY STAFF, LARGELY PEOPLE OF 00:34:48.252 --> 00:34:50.588 align:center line:74% position:40% size:75% COLOR LED FROM THE FINANCE AND 00:34:50.588 --> 00:34:51.189 align:center line:74% position:31% size:68% STRAUF SERVICES DEPARTMENT, 00:34:51.189 --> 00:34:57.795 align:center line:74% position:44% size:78% OFFICE OF CIVIL RIGHTS WHO HAVE 00:34:57.795 --> 00:34:58.763 align:center line:74% position:29% size:65% BEEN WORKING DILIGENTLY IN 00:34:58.763 --> 00:35:02.133 align:center line:74% position:50% size:80% COMMUNITY OVER THE LAST THREE TO 00:35:02.133 --> 00:35:03.835 align:center line:74% position:50% size:80% FOUR YEARS INITIATING THE RACIAL 00:35:03.835 --> 00:35:06.804 align:center line:74% position:50% size:80% EQUITY TOOL KIT ANALYSIS IN 2018 00:35:06.804 --> 00:35:07.738 align:center line:74% position:19% size:48% AND DIRECTLY HAVING 00:35:07.738 --> 00:35:09.006 align:center line:74% position:40% size:75% CONVERSATIONS ON BEHALF OF THE 00:35:09.006 --> 00:35:12.643 align:center line:74% position:40% size:75% CITY ON HOW THINGS CAN BE DONE 00:35:12.643 --> 00:35:12.944 align:center line:74% position:14% size:30% DIFFERENTLY. 00:35:12.944 --> 00:35:14.445 align:center line:74% position:33% size:70% TODAY YEARS LATER, THAT HARD 00:35:14.445 --> 00:35:16.647 align:center line:74% position:33% size:70% WORK IS BEGINNING TO SEE THE 00:35:16.647 --> 00:35:19.250 align:center line:74% position:36% size:73% DAYLIGHT AND BEGINNING TO GET 00:35:19.250 --> 00:35:20.318 align:center line:74% position:17% size:43% PUT INTO STATUTE. 00:35:20.318 --> 00:35:22.920 align:center line:74% position:44% size:78% AGAIN, THANK YOU SO OUR LARGELY 00:35:22.920 --> 00:35:25.256 align:center line:74% position:40% size:75% PEOPLE OF COLOR LED CITY STAFF 00:35:25.256 --> 00:35:26.057 align:center line:74% position:31% size:68% FROM FINANCE ADMINISTRATIVE 00:35:26.057 --> 00:35:27.492 align:center line:74% position:50% size:80% SERVICES, OFFICE OF CIVIL RIGHTS 00:35:27.492 --> 00:35:30.128 align:center line:74% position:29% size:65% AS WELL WHO WORKED ON THIS 00:35:30.128 --> 00:35:32.330 align:center line:74% position:44% size:78% RACIAL EQUITY TOOL KIT AND HAVE 00:35:32.330 --> 00:35:34.265 align:center line:74% position:33% size:70% BEEN ASKING, YEARNING AND IN 00:35:34.265 --> 00:35:35.833 align:center line:74% position:40% size:75% SOME CASES #2K3457BD DEMANDING 00:35:35.833 --> 00:35:37.969 align:center line:74% position:36% size:73% ACTION ON THE ADVICE THEY GOT 00:35:37.969 --> 00:35:41.105 align:center line:74% position:50% size:80% FROM COMMUNITY OVER THE LAST FEW 00:35:41.105 --> 00:35:41.339 align:center line:74% position:12% size:15% YEARS. 00:35:41.339 --> 00:35:42.773 align:center line:74% position:40% size:75% WHILE WE ACKNOWLEDGE THIS IS A 00:35:42.773 --> 00:35:43.608 align:center line:74% position:31% size:68% STEP FORWARD TODAY, WE KNOW 00:35:43.608 --> 00:35:47.044 align:center line:74% position:33% size:70% THERE'S A LOT OF WORK TO DO. 00:35:47.044 --> 00:35:48.846 align:center line:74% position:50% size:80% SO I WANT TO THANK AGAIN BRIANNA 00:35:48.846 --> 00:35:51.716 align:center line:74% position:33% size:70% THOMAS AND DAN EDER FROM THE 00:35:51.716 --> 00:35:53.551 align:center line:74% position:44% size:78% MAYOR'S OFFICE ALONG WITH DEVON 00:35:53.551 --> 00:35:55.119 align:center line:74% position:31% size:68% AND GERALD FROM THE MAYOR'S 00:35:55.119 --> 00:35:56.754 align:center line:74% position:50% size:80% OFFICE AS WELL WHO REALLY HELPED 00:35:56.754 --> 00:35:57.388 align:center line:74% position:36% size:73% INITIATE THIS CONVERSATION AT 00:35:57.388 --> 00:36:00.758 align:center line:74% position:36% size:73% THE BEGINNING OF THE YEAR AND 00:36:00.758 --> 00:36:01.993 align:center line:74% position:29% size:65% THE MAYOR'S OFFICE WE KNOW 00:36:01.993 --> 00:36:03.561 align:center line:74% position:50% size:80% BECAUSE OF THE STRONG LEADERSHIP 00:36:03.561 --> 00:36:04.695 align:center line:74% position:21% size:53% THEY HAVE HAD ON THIS 00:36:04.695 --> 00:36:05.663 align:center line:74% position:40% size:75% LEGISLATION IN DRAFTING IT AND 00:36:05.663 --> 00:36:08.166 align:center line:74% position:29% size:65% SENDING IT TO KOUN SUL FOR 00:36:08.166 --> 00:36:08.933 align:center line:74% position:40% size:75% CONSIDERATION, WE KNOW THERE'S 00:36:08.933 --> 00:36:10.801 align:center line:74% position:36% size:73% MUCH WORK TO BE DONE AND THEY 00:36:10.801 --> 00:36:13.437 align:center line:74% position:44% size:78% ARE COMMITTED TO THE NEXT STEPS 00:36:13.437 --> 00:36:15.673 align:center line:74% position:40% size:75% TO MAKE SURE THAT THESE AIDEAS 00:36:15.673 --> 00:36:16.607 align:center line:74% position:24% size:58% COME TO FRUITION AND IN 00:36:16.607 --> 00:36:17.775 align:center line:74% position:36% size:73% PARTNERSHIP WITH THE STATE AS 00:36:17.775 --> 00:36:20.177 align:center line:74% position:36% size:73% WELL, WE CONTINUE TO PUSH FOR 00:36:20.177 --> 00:36:20.378 align:center line:74% position:11% size:13% MORE. 00:36:20.378 --> 00:36:22.680 align:center line:74% position:36% size:73% IN PARTICULAR, I WANT TO ALSO 00:36:22.680 --> 00:36:25.316 align:center line:74% position:44% size:78% ACKNOWLEDGE THAT WE HAVE STRONG 00:36:25.316 --> 00:36:26.584 align:center line:74% position:33% size:70% INTEREST IN MAKING SURE THAT 00:36:26.584 --> 00:36:28.186 align:center line:74% position:44% size:78% YEAR OVER YEAR WE'RE LOOKING AT 00:36:28.186 --> 00:36:30.221 align:center line:74% position:50% size:80% OPPORTUNITIES FOR US TO CONTINUE 00:36:30.221 --> 00:36:31.722 align:center line:74% position:29% size:65% TO INVEST IN CREATING MORE 00:36:31.722 --> 00:36:33.925 align:center line:74% position:33% size:70% EQUITY AND THAT WILL REQUIRE 00:36:33.925 --> 00:36:35.226 align:center line:74% position:36% size:73% BUDGET CONVERSATIONS WITH OUR 00:36:35.226 --> 00:36:36.794 align:center line:74% position:29% size:65% CITY BUDGET OFFICE AND THE 00:36:36.794 --> 00:36:38.262 align:center line:74% position:20% size:50% MAYOR'S OFFICE AS WE 00:36:38.262 --> 00:36:39.530 align:center line:74% position:40% size:75% COLLECTIVELY W TO RECOVER FROM 00:36:39.530 --> 00:36:41.766 align:center line:74% position:33% size:70% THE DEFICIT WE'RE FACING BUT 00:36:41.766 --> 00:36:43.701 align:center line:74% position:27% size:63% CONTINUE TO PLAN FOR DEEP 00:36:43.701 --> 00:36:45.336 align:center line:74% position:36% size:73% INVESTMENTS IN THE COMMUNITY. 00:36:45.336 --> 00:36:46.204 align:center line:74% position:40% size:75% IT'S CLEAR THAT OUR GOVERNMENT 00:36:46.204 --> 00:36:48.172 align:center line:74% position:50% size:80% POLICY VERSUS CAUSED HARM AS YOU 00:36:48.172 --> 00:36:49.874 align:center line:74% position:50% size:80% HAVE HEARD FROM PUBLIC TESTIMONY 00:36:49.874 --> 00:36:52.643 align:center line:74% position:36% size:73% DIRECTLY FROM VINLS CAUSED BY 00:36:52.643 --> 00:36:54.512 align:center line:74% position:40% size:75% THE PUBLIC POLICIES THAT CAUSE 00:36:54.512 --> 00:36:54.712 align:center line:74% position:11% size:13% HARM. 00:36:54.712 --> 00:36:57.648 align:center line:74% position:44% size:78% AND WE SHOULD BE CENTERING MUCH 00:36:57.648 --> 00:36:58.916 align:center line:74% position:31% size:68% OF OUR POLICY STRATEGIES TO 00:36:58.916 --> 00:37:01.719 align:center line:74% position:27% size:63% ADDRESS HARM ON THOSE WHO 00:37:01.719 --> 00:37:03.154 align:center line:74% position:27% size:63% EXPERIENCE HARM DIRECTLY. 00:37:03.154 --> 00:37:04.255 align:center line:74% position:40% size:75% BLACK CANNABIS OWNERS, WORKERS 00:37:04.255 --> 00:37:05.890 align:center line:74% position:36% size:73% AND OWNERS DISPLACED WHEN THE 00:37:05.890 --> 00:37:07.124 align:center line:74% position:33% size:70% STATE GAVE CANNABIS LICENSES 00:37:07.124 --> 00:37:11.362 align:center line:74% position:33% size:70% AWAY AND TOOK THEM AWAY FROM 00:37:11.362 --> 00:37:12.296 align:center line:74% position:24% size:58% BLACK OWNED BUSINESSES. 00:37:12.296 --> 00:37:12.663 align:center line:74% position:14% size:30% AND WORKERS. 00:37:12.663 --> 00:37:13.664 align:center line:74% position:36% size:73% SO WITH THAT, I WANT TO THANK 00:37:13.664 --> 00:37:15.533 align:center line:74% position:33% size:70% YOU ALL FOR THIS PROCESS AND 00:37:15.533 --> 00:37:17.368 align:center line:74% position:44% size:78% AGAIN, REITERATE THIS IS JUST A 00:37:17.368 --> 00:37:17.668 align:center line:74% position:14% size:28% FIRST STEP. 00:37:17.668 --> 00:37:20.104 align:center line:74% position:50% size:80% AND WITH THAT, YOU WOULD LIKE TO 00:37:20.104 --> 00:37:22.139 align:center line:74% position:40% size:75% TURN IT OVER TO AMY GORE, LISA 00:37:22.139 --> 00:37:24.208 align:center line:74% position:50% size:80% KAY AND JASMINE WHO WILL GO WITH 00:37:24.208 --> 00:37:26.010 align:center line:74% position:31% size:68% US SEQUENTIALLY THROUGH THE 00:37:26.010 --> 00:37:28.579 align:center line:74% position:31% size:68% LEGISLATION IN FRONT OF US. 00:37:28.579 --> 00:37:30.348 align:center line:74% position:31% size:68% AND WALK US THROUGH VARIOUS 00:37:30.348 --> 00:37:30.648 align:center line:74% position:14% size:28% AMENDMENTS. 00:37:30.648 --> 00:37:32.283 align:center line:74% position:33% size:70% UNFORTUNATELY THERE ARE SOME 00:37:32.283 --> 00:37:32.984 align:center line:74% position:25% size:60% SITUATIONS WHERE WE HAVE 00:37:32.984 --> 00:37:33.918 align:center line:74% position:36% size:73% COMPETING AMENDMENTS SO WE'LL 00:37:33.918 --> 00:37:35.886 align:center line:74% position:36% size:73% HAVE A CHANCE TO WALK THROUGH 00:37:35.886 --> 00:37:39.190 align:center line:74% position:50% size:80% THOSE AS WELL WITH CENTRAL STAFF 00:37:39.190 --> 00:37:40.291 align:center line:74% position:21% size:53% SO EACH COUNCILMEMBER 00:37:40.291 --> 00:37:41.926 align:center line:74% position:50% size:80% UNDERSTANDS WHICH ITEMS MIGHT BE 00:37:41.926 --> 00:37:43.794 align:center line:74% position:50% size:80% IN COMPETITION SO WHEN WE TAKE A 00:37:43.794 --> 00:37:45.730 align:center line:74% position:24% size:58% VOTE YOU UNDERSTAND THE 00:37:45.730 --> 00:37:46.430 align:center line:74% position:31% size:68% IMPLICATIONS FOR THE OTHER. 00:37:46.430 --> 00:37:51.002 align:center line:74% position:40% size:75% OKAY WITH THAT, WE'RE GOING TO 00:37:51.002 --> 00:37:55.373 align:center line:74% position:40% size:75% GO AHEAD AND CONSIDER KOUN SUL 00:37:55.373 --> 00:37:56.240 align:center line:74% position:18% size:45% BILL 120319 FIRST. 00:37:56.240 --> 00:37:58.509 align:center line:74% position:50% size:80% AND I GUESS IN ORDER TO HAVE THE 00:37:58.509 --> 00:38:00.778 align:center line:74% position:29% size:65% LEGISLATION IN FRONT OF US 00:38:00.778 --> 00:38:02.280 align:center line:74% position:36% size:73% OFFICIALLY SO WE CAN CONSIDER 00:38:02.280 --> 00:38:03.848 align:center line:74% position:25% size:60% AMENDMENTS I'LL MOVE IT. 00:38:03.848 --> 00:38:08.152 align:center line:74% position:44% size:78% I MOVE THE COMMITTEE RECOMMENDS 00:38:08.152 --> 00:38:09.954 align:center line:74% position:44% size:78% PASSAGE OF COUNCIL BILL 120319. 00:38:09.954 --> 00:38:12.156 align:center line:74% position:21% size:53% THIS IS THE ORDINANCE 00:38:12.156 --> 00:38:13.524 align:center line:74% position:24% size:58% ESTABLISHING THE CITY'S 00:38:13.524 --> 00:38:15.092 align:center line:74% position:27% size:63% COMMITMENTS AND PLANS FOR 00:38:15.092 --> 00:38:17.061 align:center line:74% position:44% size:78% SUPPORTING CANNABIS WORKERS AND 00:38:17.061 --> 00:38:18.295 align:center line:74% position:22% size:55% SUPPORTING COMMUNITIES 00:38:18.295 --> 00:38:25.636 align:center line:74% position:50% size:80% DISPORTION NATALIE HARMED BY THE 00:38:25.636 --> 00:38:27.705 align:center line:74% position:21% size:53% FEDERAL WAR ON DRUGS. 00:38:27.705 --> 00:38:29.373 align:center line:74% position:12% size:18% 120391. 00:38:29.707 --> 00:38:35.713 align:center line:74% position:17% size:43% I HEARD A SECOND. 00:38:36.013 --> 00:38:45.990 align:center line:74% position:10% size:3% . 00:40:26.657 --> 00:40:28.025 align:center line:74% position:33% size:70% >> IF YOU WOULD PREFER ME TO 00:40:28.025 --> 00:40:29.160 align:center line:74% position:17% size:40% SHARE MY SCREEN. 00:40:29.160 --> 00:40:30.961 align:center line:74% position:44% size:78% >> THAT WOULD BE GREAT, THANKS. 00:40:30.961 --> 00:40:31.228 align:center line:74% position:15% size:35% >> ONE MOMENT. 00:40:31.562 --> 00:40:37.468 align:center line:74% position:21% size:53% IS OKAY CAN EVERYBODY 00:40:37.468 --> 00:40:40.805 align:center line:74% position:15% size:35% SEE THE TABLE? 00:40:40.805 --> 00:40:43.908 align:center line:74% position:29% size:65% >> YOU KNOW, THANK YOU FOR 00:40:43.908 --> 00:40:44.275 align:center line:74% position:16% size:38% BRINGING IT UP. 00:40:44.275 --> 00:40:46.410 align:center line:74% position:36% size:73% WE HAVE A SMALL SCREEN IN THE 00:40:46.410 --> 00:40:48.612 align:center line:74% position:36% size:73% ROOM HERE TODAY SO WE WILL DO 00:40:48.612 --> 00:40:50.681 align:center line:74% position:36% size:73% OUR BEST AND I KNOW FOLKS CAN 00:40:50.681 --> 00:40:52.783 align:center line:74% position:31% size:68% ALSO FIND IT IN THE CENTRAL 00:40:52.783 --> 00:40:54.852 align:center line:74% position:27% size:63% STAFF MEMO FOR THANKS FOR 00:40:54.852 --> 00:40:59.590 align:center line:74% position:44% size:78% SHARING THAT FOR FOLKS WATCHING 00:40:59.590 --> 00:40:59.957 align:center line:74% position:16% size:38% ELECTRONICALLY. 00:40:59.957 --> 00:41:00.224 align:center line:74% position:13% size:23% GO AHEAD. 00:41:00.224 --> 00:41:00.558 align:center line:74% position:13% size:20% >> OKAY. 00:41:00.558 --> 00:41:03.627 align:center line:74% position:36% size:73% SO FIRST UP FOR DISCUSSION IS 00:41:03.627 --> 00:41:03.994 align:center line:74% position:15% size:35% AMENDMENT ONE. 00:41:03.994 --> 00:41:05.663 align:center line:74% position:44% size:78% IT'S SPONSORED BY COUNCILMEMBER 00:41:05.663 --> 00:41:06.063 align:center line:74% position:17% size:40% TERESA MOSQUEDA. 00:41:06.063 --> 00:41:07.498 align:center line:74% position:36% size:73% THE AMENDMENT WOULD ADD A NEW 00:41:07.498 --> 00:41:09.500 align:center line:74% position:40% size:75% SECTION WITH MORE DETAIL ABOUT 00:41:09.500 --> 00:41:12.203 align:center line:74% position:50% size:80% WHO SHOULD DO THE CANNABIS NEEDS 00:41:12.203 --> 00:41:12.503 align:center line:74% position:14% size:28% ASSESSMENT. 00:41:12.503 --> 00:41:13.237 align:center line:74% position:29% size:65% IT WOULD SPECIFY THE NEEDS 00:41:13.237 --> 00:41:16.607 align:center line:74% position:40% size:75% ASSESSMENT SHOULD BE CONDUCTED 00:41:16.607 --> 00:41:18.976 align:center line:74% position:40% size:75% BY A SEATTLE BASED EDUCATIONAL 00:41:18.976 --> 00:41:21.111 align:center line:74% position:44% size:78% INSTITUTION IN PARTNERSHIP WITH 00:41:21.111 --> 00:41:22.480 align:center line:74% position:36% size:73% A NONPROFIT ORGANIZATION WITH 00:41:22.480 --> 00:41:26.116 align:center line:74% position:25% size:60% EXPERIENCE IN CURRICULUM 00:41:26.116 --> 00:41:26.650 align:center line:74% position:29% size:65% DEVELOPMENT, ADMINISTERING 00:41:26.650 --> 00:41:27.718 align:center line:74% position:19% size:48% RETAIL TRAINING AND 00:41:27.718 --> 00:41:29.320 align:center line:74% position:40% size:75% APPRENTICESHIP PROGRAMS AND IS 00:41:29.320 --> 00:41:32.323 align:center line:74% position:50% size:80% NOT PRIMARILY FUNDED BY CANNABIS 00:41:32.323 --> 00:41:33.757 align:center line:74% position:20% size:50% BUSINESS OR EMPLOYER 00:41:33.757 --> 00:41:34.091 align:center line:74% position:15% size:33% ASSOCIATIONS. 00:41:34.091 --> 00:41:35.526 align:center line:74% position:40% size:75% AS YOU MENTIONED COUNCILMEMBER 00:41:35.526 --> 00:41:37.528 align:center line:74% position:40% size:75% TERESA MOSQUEDA, AMENDMENT ONE 00:41:37.528 --> 00:41:39.396 align:center line:74% position:40% size:75% AND AMENDMENT TWO SPONSORED BY 00:41:39.396 --> 00:41:41.165 align:center line:74% position:36% size:73% COUNCILMEMBER SARA NELSON ARE 00:41:41.165 --> 00:41:41.599 align:center line:74% position:19% size:48% MUTUALLY EXCLUSIVE. 00:41:41.599 --> 00:41:43.000 align:center line:74% position:36% size:73% WOULD YOU LIKE ME TO DESCRIBE 00:41:43.000 --> 00:41:44.935 align:center line:74% position:40% size:75% AMENDMENT TWO AT THIS POINT SO 00:41:44.935 --> 00:41:45.836 align:center line:74% position:44% size:78% THEY CAN BE DISCUSSED TOGETHER? 00:41:45.836 --> 00:41:49.039 align:center line:74% position:50% size:80% >> THAT WOULD BE FINE, THANK YOU 00:41:49.039 --> 00:41:49.206 align:center line:74% position:11% size:10% AMY. 00:41:49.206 --> 00:41:50.407 align:center line:74% position:13% size:23% GO AHEAD. 00:41:50.407 --> 00:41:52.209 align:center line:74% position:44% size:78% >> AMENDMENT TWO AS I MENTIONED 00:41:52.209 --> 00:41:53.811 align:center line:74% position:44% size:78% SPONSORED BY COUNCILMEMBER SARA 00:41:53.811 --> 00:41:56.013 align:center line:74% position:44% size:78% NELSON WOULD ADD SPECIFICITY TO 00:41:56.013 --> 00:41:59.283 align:center line:74% position:40% size:75% THE BILL ASK CLARIFY THE NEEDS 00:41:59.283 --> 00:42:00.885 align:center line:74% position:50% size:80% ASSESSMENT SHALL BE CONDUCTED BY 00:42:00.885 --> 00:42:02.253 align:center line:74% position:24% size:58% AN INDEPENDENT ACADEMIC 00:42:02.253 --> 00:42:04.455 align:center line:74% position:22% size:55% INSTITUTION WITH LOCAL 00:42:04.455 --> 00:42:05.890 align:center line:74% position:44% size:78% EXPERIENCE IDENTIFYING TRAINING 00:42:05.890 --> 00:42:07.458 align:center line:74% position:36% size:73% NEEDS FOR WORKERS, DEVELOPING 00:42:07.458 --> 00:42:08.592 align:center line:74% position:29% size:65% INDUSTRY SPECIFIC TRAINING 00:42:08.592 --> 00:42:11.395 align:center line:74% position:36% size:73% CURRICULUM AND DEVELOPING JOB 00:42:11.395 --> 00:42:13.564 align:center line:74% position:29% size:65% SKILLS PROGRAMS AND LIKE I 00:42:13.564 --> 00:42:14.598 align:center line:74% position:25% size:60% MENTIONED, THOSE TWO ARE 00:42:14.598 --> 00:42:15.332 align:center line:74% position:50% size:80% MUTUALLY EXCLUSIVE AND THEREFORE 00:42:15.332 --> 00:42:17.468 align:center line:74% position:40% size:75% THE COMMITTEE NEEDS TO VOTE ON 00:42:17.468 --> 00:42:19.603 align:center line:74% position:17% size:43% ONE OR THE OTHER. 00:42:19.603 --> 00:42:20.337 align:center line:74% position:21% size:53% >> THANK YOU SO MUCH. 00:42:20.337 --> 00:42:22.606 align:center line:74% position:44% size:78% SO COLLEAGUES WHAT I'M GOING TO 00:42:22.606 --> 00:42:26.210 align:center line:74% position:40% size:75% DO IS MAKE SOME COMMENTS ABOUT 00:42:26.210 --> 00:42:26.677 align:center line:74% position:21% size:53% AMENDMENT NUMBER ONE. 00:42:26.677 --> 00:42:28.145 align:center line:74% position:36% size:73% I'LL THEN ALLOW COUNCILMEMBER 00:42:28.145 --> 00:42:29.847 align:center line:74% position:33% size:70% SARA NELSON SO MAKE COMMENTS 00:42:29.847 --> 00:42:31.248 align:center line:74% position:40% size:75% ABOUT AMENDMENT NUMBER TWO AND 00:42:31.248 --> 00:42:32.216 align:center line:74% position:40% size:75% WE'LL HAVE FOLKS ASK QUESTIONS 00:42:32.216 --> 00:42:34.018 align:center line:74% position:33% size:70% THEY MAY HAVE AND WE WILL GO 00:42:34.018 --> 00:42:37.388 align:center line:74% position:36% size:73% AHEAD AND MOVE TO PUT THEM IN 00:42:37.388 --> 00:42:38.656 align:center line:74% position:14% size:30% FRONT OF US. 00:42:38.656 --> 00:42:39.890 align:center line:74% position:44% size:78% IF AMENDMENT ONE PASSES OBAMALY 00:42:39.890 --> 00:42:41.625 align:center line:74% position:44% size:78% THEN AMENDMENT TWO WOULD FOT BE 00:42:41.625 --> 00:42:44.261 align:center line:74% position:36% size:73% FEEDED AND AMENDMENT ONE DOES 00:42:44.261 --> 00:42:45.996 align:center line:74% position:50% size:80% NOT PASS, AMENDMENT TWO WOULD BE 00:42:45.996 --> 00:42:46.463 align:center line:74% position:14% size:28% CONSIDERED. 00:42:46.463 --> 00:42:48.499 align:center line:74% position:33% size:70% WITH THAT, I'LL GO AHEAD AND 00:42:48.499 --> 00:42:49.700 align:center line:74% position:16% size:38% SHARE COMMENTS. 00:42:49.700 --> 00:42:52.102 align:center line:74% position:44% size:78% I WANT TO THANK FOLKS PROVIDING 00:42:52.102 --> 00:42:53.237 align:center line:74% position:33% size:70% FEEDBACK ON AMENDMENT NUMBER 00:42:53.237 --> 00:42:53.470 align:center line:74% position:11% size:10% ONE. 00:42:53.470 --> 00:42:55.005 align:center line:74% position:44% size:78% WE DID HEAR INCLUDING FROM SOME 00:42:55.005 --> 00:42:55.706 align:center line:74% position:36% size:73% OF MY COLLEAGUES AS WELL THAT 00:42:55.706 --> 00:42:59.176 align:center line:74% position:50% size:80% THERE WAS A NEED TO MAKE SURE WE 00:42:59.176 --> 00:43:01.312 align:center line:74% position:33% size:70% ARE UPDATING THE LANGUAGE IN 00:43:01.312 --> 00:43:03.614 align:center line:74% position:40% size:75% AMENDMENT NUMBER ONE ACCORDING 00:43:03.614 --> 00:43:05.449 align:center line:74% position:31% size:68% TO THAT FEEDBACK, WE WORKED 00:43:05.449 --> 00:43:07.551 align:center line:74% position:50% size:80% DILIGENTLY TO MAKE SURE WE'RE IN 00:43:07.551 --> 00:43:09.586 align:center line:74% position:36% size:73% CONVERSATION WITH THE MAYOR'S 00:43:09.586 --> 00:43:13.290 align:center line:74% position:44% size:78% OFFICE AS WELL WHO IN COMMITTEE 00:43:13.290 --> 00:43:14.191 align:center line:74% position:50% size:80% EXRESED CONTRACTING WITH THE ENL 00:43:14.191 --> 00:43:15.359 align:center line:74% position:33% size:70% OCCASIONAL INSTITUTION AND I 00:43:15.359 --> 00:43:18.128 align:center line:74% position:44% size:78% TOOK THE OPPORTUNITY TO WORK IN 00:43:18.128 --> 00:43:18.996 align:center line:74% position:31% size:68% PARTNERSHIP WITH MY COUNCIL 00:43:18.996 --> 00:43:20.097 align:center line:74% position:40% size:75% COLLEAGUES WHO HAD REACHED OUT 00:43:20.097 --> 00:43:22.666 align:center line:74% position:44% size:78% ON IT AND ALSO WITH THE MAYOR'S 00:43:22.666 --> 00:43:25.302 align:center line:74% position:29% size:65% OFFICE TO FIND SOME COMMON 00:43:25.302 --> 00:43:26.270 align:center line:74% position:14% size:30% GROUND HERE. 00:43:26.270 --> 00:43:28.505 align:center line:74% position:31% size:68% UNFORTUNATELY I DIDN'T KNOW 00:43:28.505 --> 00:43:30.140 align:center line:74% position:40% size:75% THERE WAS A PROPOSED AMENDMENT 00:43:30.140 --> 00:43:32.409 align:center line:74% position:44% size:78% IN COMPETITION SO I WAS WORKING 00:43:32.409 --> 00:43:37.314 align:center line:74% position:36% size:73% IN GOOD FAITH TO FIND THAT SO 00:43:37.314 --> 00:43:39.016 align:center line:74% position:44% size:78% I'LL SUMMARIZE THE AMENDMET AND 00:43:39.016 --> 00:43:41.051 align:center line:74% position:40% size:75% READ WHAT THE NEEDS ASSESSMENT 00:43:41.051 --> 00:43:41.652 align:center line:74% position:19% size:48% IS INTENDING TO DO. 00:43:41.652 --> 00:43:49.727 align:center line:74% position:33% size:70% IT SAYS THE CITY WILL FUND A 00:43:49.727 --> 00:43:51.028 align:center line:74% position:33% size:70% CANNABIS NEEDS ASSESSMENT TO 00:43:51.028 --> 00:43:51.495 align:center line:74% position:20% size:50% FURTHER CLARIFY WHAT 00:43:51.495 --> 00:43:53.931 align:center line:74% position:40% size:75% IMPROVEMENTS ARE NEEDED IN THE 00:43:53.931 --> 00:43:56.233 align:center line:74% position:44% size:78% INDUSTRY TO SUPPORT THE CITY IN 00:43:56.233 --> 00:43:57.601 align:center line:74% position:16% size:38% MOVING FORWARD. 00:43:57.601 --> 00:44:01.005 align:center line:74% position:29% size:65% AT A MINIMUM THE CITY WILL 00:44:01.005 --> 00:44:01.972 align:center line:74% position:44% size:78% PROVIDE DEMOGRAPHIC INFORMATION 00:44:01.972 --> 00:44:03.374 align:center line:74% position:50% size:80% ABOUT WORKERS, WORKERS CURRENTLY 00:44:03.374 --> 00:44:04.975 align:center line:74% position:50% size:80% EMPLOYED IN THE SEATTLE CANNABIS 00:44:04.975 --> 00:44:06.977 align:center line:74% position:31% size:68% INDUSTRY AND IN ADDITION TO 00:44:06.977 --> 00:44:08.612 align:center line:74% position:50% size:80% EVALUATING THE TRAINING NEEDS OF 00:44:08.612 --> 00:44:10.481 align:center line:74% position:36% size:73% THE INCUMBENT WORK FORCE, THE 00:44:10.481 --> 00:44:12.182 align:center line:74% position:24% size:58% STUDY WILL EVALUATE AND 00:44:12.182 --> 00:44:14.485 align:center line:74% position:40% size:75% DETERMINE THE HIGHEST TRAINING 00:44:14.485 --> 00:44:16.453 align:center line:74% position:36% size:73% FEEDS FOR WORKERS WHO WISH TO 00:44:16.453 --> 00:44:17.888 align:center line:74% position:40% size:75% ADVANCE IN THE INDUSTRY BEYOND 00:44:17.888 --> 00:44:20.090 align:center line:74% position:44% size:78% ENTRY LEVEL POSITIONS AND THOSE 00:44:20.090 --> 00:44:21.692 align:center line:74% position:36% size:73% SEEKING TO BECOME NEW ONNERS. 00:44:21.692 --> 00:44:23.027 align:center line:74% position:22% size:55% THE STUDY WILL INCLUDE 00:44:23.027 --> 00:44:25.162 align:center line:74% position:36% size:73% RECOMMENDATIONS ABOUT WHETHER 00:44:25.162 --> 00:44:28.132 align:center line:74% position:40% size:75% AND HOW TO FUND SUCH TRAINING. 00:44:28.132 --> 00:44:32.903 align:center line:74% position:44% size:78% I READ THIS BECAUSE IT'S SPORNT 00:44:32.903 --> 00:44:35.372 align:center line:74% position:50% size:80% WE REMEMBER THE NEEDS ASSESSMENT 00:44:35.372 --> 00:44:37.608 align:center line:74% position:40% size:75% IS REALLY CENTERED ON WHAT THE 00:44:37.608 --> 00:44:38.108 align:center line:74% position:17% size:43% WORK FORCE NEEDS. 00:44:38.108 --> 00:44:41.311 align:center line:74% position:40% size:75% IT TALKS ABOUT HOW WORKERS CAN 00:44:41.311 --> 00:44:46.250 align:center line:74% position:44% size:78% BECOME OWNERS BUT THE INTENTION 00:44:46.250 --> 00:44:49.186 align:center line:74% position:44% size:78% IS TO DEVELOP AN ASSESSMENT FOR 00:44:49.186 --> 00:44:51.555 align:center line:74% position:24% size:58% WORK FORCE DEVELOPMENT. 00:44:51.555 --> 00:44:52.456 align:center line:74% position:33% size:70% THAT'S SOMETHING EMBRACED BY 00:44:52.456 --> 00:44:55.125 align:center line:74% position:40% size:75% BOTH PARTIES, BY BOTH BUSINESS 00:44:55.125 --> 00:44:57.795 align:center line:74% position:50% size:80% AND LABOR AND THIS IS ABSOLUTELY 00:44:57.795 --> 00:45:00.831 align:center line:74% position:40% size:75% IN THE SAME VEIN AS WORK FORCE 00:45:00.831 --> 00:45:01.198 align:center line:74% position:14% size:30% DEVELOPMENT. 00:45:01.198 --> 00:45:03.434 align:center line:74% position:36% size:73% WHEN WE TALK ABOUT WORK FORCE 00:45:03.434 --> 00:45:04.768 align:center line:74% position:25% size:60% DEVELOPMENT AND IMPROVED 00:45:04.768 --> 00:45:06.670 align:center line:74% position:33% size:70% TRAINING AND WHAT WE NEED TO 00:45:06.670 --> 00:45:07.871 align:center line:74% position:36% size:73% CREATE SAFER ENVIRONMENTS FOR 00:45:07.871 --> 00:45:10.941 align:center line:74% position:50% size:80% FRONT LINE WORKERS AND ALLOW FOR 00:45:10.941 --> 00:45:12.209 align:center line:74% position:40% size:75% MOBILITY, IT'S ALWAYS INCLUDED 00:45:12.209 --> 00:45:14.611 align:center line:74% position:33% size:70% WORKERS AND EMPLOYERS AT THE 00:45:14.611 --> 00:45:15.379 align:center line:74% position:12% size:15% TABLE. 00:45:15.379 --> 00:45:16.580 align:center line:74% position:33% size:70% WHEN WE TALK ABOUT IMPROVING 00:45:16.580 --> 00:45:19.316 align:center line:74% position:40% size:75% LABOR LAWS, WE KNOW THAT LABOR 00:45:19.316 --> 00:45:21.618 align:center line:74% position:33% size:70% LAWS ARE STRONGEST WHEN THEY 00:45:21.618 --> 00:45:24.154 align:center line:74% position:50% size:80% HAVE WORKERS AT THE TABLE, FOLKS 00:45:24.154 --> 00:45:24.988 align:center line:74% position:27% size:63% WHO REPRESENT WORKERS AND 00:45:24.988 --> 00:45:25.255 align:center line:74% position:13% size:23% BUSINESS. 00:45:25.255 --> 00:45:28.158 align:center line:74% position:36% size:73% THERE'S NO DIFFERENCE HERE IN 00:45:28.158 --> 00:45:30.327 align:center line:74% position:31% size:68% WHAT WE'RE TALKING ABOUT IN 00:45:30.327 --> 00:45:32.329 align:center line:74% position:40% size:75% AAMENDMENT NUMBER ONE INCLUDES 00:45:32.329 --> 00:45:33.864 align:center line:74% position:50% size:80% WORKING WITH A NONPROFIT THROUGH 00:45:33.864 --> 00:45:36.400 align:center line:74% position:33% size:70% A PARTNERSHIP WITH THE LOCAL 00:45:36.400 --> 00:45:38.335 align:center line:74% position:33% size:70% SCHOOLS TO MAKE SURE THAT WE 00:45:38.335 --> 00:45:41.038 align:center line:74% position:44% size:78% BRING BOTH BUSINESS AND WORKERS 00:45:41.038 --> 00:45:42.005 align:center line:74% position:15% size:33% TO THE TABLE. 00:45:42.005 --> 00:45:42.739 align:center line:74% position:33% size:70% OUR LABOR LAWS IN WASHINGTON 00:45:42.739 --> 00:45:45.309 align:center line:74% position:44% size:78% STATE ARE SOME OF THE STRONGEST 00:45:45.309 --> 00:45:46.210 align:center line:74% position:19% size:48% AROUND THE COUNTRY. 00:45:46.210 --> 00:45:47.344 align:center line:74% position:36% size:73% OUR LABOR LAWS IN SEATTLE ARE 00:45:47.344 --> 00:45:51.014 align:center line:74% position:50% size:80% SOME OF THE STRONGEST AROUND THE 00:45:51.014 --> 00:45:51.381 align:center line:74% position:13% size:20% COUNTRY. 00:45:51.381 --> 00:45:55.319 align:center line:74% position:29% size:65% AND OUR LOCAL ECONOMIES IN 00:45:55.319 --> 00:45:56.987 align:center line:74% position:50% size:80% WASHINGTON STATE AND SEATTLE ARE 00:45:56.987 --> 00:46:00.457 align:center line:74% position:50% size:80% SOME OF THE STRONGEST AROUND THE 00:46:00.457 --> 00:46:01.692 align:center line:74% position:29% size:65% COUNTRY BECAUSE WE BROUGHT 00:46:01.692 --> 00:46:02.659 align:center line:74% position:44% size:78% WORKERS, UNION REPRESENTATIVES, 00:46:02.659 --> 00:46:04.294 align:center line:74% position:36% size:73% ASSOCIATIONS AND EMPLOYERS TO 00:46:04.294 --> 00:46:05.629 align:center line:74% position:13% size:25% THE TABLE. 00:46:05.629 --> 00:46:06.396 align:center line:74% position:18% size:45% THERE'S NOTHING TO 00:46:06.396 --> 00:46:10.634 align:center line:74% position:27% size:63% HERE BY PUTTING FORWARD A 00:46:10.634 --> 00:46:11.468 align:center line:74% position:33% size:70% PROPOSAL THAT IS UNIVERSALLY 00:46:11.468 --> 00:46:14.171 align:center line:74% position:50% size:80% APPLAUDED WHEN WE TALK ABOUT HOW 00:46:14.171 --> 00:46:15.339 align:center line:74% position:36% size:73% WE CREATE WORK FORCE STANDARD 00:46:15.339 --> 00:46:18.642 align:center line:74% position:33% size:70% DEVELOPMENT AND WHAT WE HAVE 00:46:18.642 --> 00:46:21.278 align:center line:74% position:36% size:73% DONE IN THIS REGION TO CREATE 00:46:21.278 --> 00:46:22.045 align:center line:74% position:40% size:75% STRONG APPRENTICESHIP PROGRAMS 00:46:22.045 --> 00:46:22.746 align:center line:74% position:36% size:73% THAT ARE APPLAUDED BY BUSINES 00:46:22.746 --> 00:46:26.950 align:center line:74% position:50% size:80% AND LABOR SO I WANT TO BE CLEAR. 00:46:26.950 --> 00:46:31.789 align:center line:74% position:25% size:60% WHAT THIS LEGISLATION IS 00:46:31.789 --> 00:46:34.091 align:center line:74% position:44% size:78% INTENDING TO DO IS HELP WORKERS 00:46:34.091 --> 00:46:36.193 align:center line:74% position:33% size:70% CREATE SAFER ENVIRONMENT AND 00:46:36.193 --> 00:46:39.029 align:center line:74% position:50% size:80% UPWARD MOBILITY AND INSURE WE'RE 00:46:39.029 --> 00:46:42.065 align:center line:74% position:21% size:53% LOOKING AT WORK FORCE 00:46:42.065 --> 00:46:43.500 align:center line:74% position:36% size:73% DEVELOPMENT EMBRACED BY OTHER 00:46:43.500 --> 00:46:43.734 align:center line:74% position:12% size:18% ARENAS. 00:46:43.734 --> 00:46:47.137 align:center line:74% position:50% size:80% THE COMMENTS I'VE SEEN SUBMITTED 00:46:47.137 --> 00:46:48.539 align:center line:74% position:50% size:80% VIA LETTERS AND PUBLIC TESTIMONY 00:46:48.539 --> 00:46:50.574 align:center line:74% position:25% size:60% EARLIER TODAY BROUGHT UP 00:46:50.574 --> 00:46:54.044 align:center line:74% position:40% size:75% CONCERNS AROUND UNIONS AND THE 00:46:54.044 --> 00:46:55.078 align:center line:74% position:50% size:80% ANTI-UNION COMMENTS ARE ACTUALLY 00:46:55.078 --> 00:46:55.379 align:center line:74% position:14% size:30% ANTI-WORKER. 00:46:55.379 --> 00:46:56.613 align:center line:74% position:33% size:70% THAT'S HARMFUL RHETORIC IN A 00:46:56.613 --> 00:46:59.016 align:center line:74% position:50% size:80% PLACE LIKE SEATTLE IN WASHINGTON 00:46:59.016 --> 00:47:01.685 align:center line:74% position:33% size:70% STATE WHERE WE HAVE STOOD BY 00:47:01.685 --> 00:47:04.621 align:center line:74% position:44% size:78% WORKERS BECAUSE WE KNOW WHEN WE 00:47:04.621 --> 00:47:06.924 align:center line:74% position:36% size:73% STAND BY WORKERS, IT IMPROVES 00:47:06.924 --> 00:47:09.860 align:center line:74% position:50% size:80% THE STABILITY OF LOCAL EMPLOYERS 00:47:09.860 --> 00:47:11.395 align:center line:74% position:44% size:78% AND IMPROVES OUR LOCAL ECONOMY. 00:47:11.395 --> 00:47:14.998 align:center line:74% position:44% size:78% WE MAY HAVE OTHER PLACES AROUND 00:47:14.998 --> 00:47:16.366 align:center line:74% position:36% size:73% THIS COUNTRY THAT ARE LARGELY 00:47:16.366 --> 00:47:17.301 align:center line:74% position:33% size:70% ANTI-UNION AND THAT RHETORIC 00:47:17.301 --> 00:47:19.369 align:center line:74% position:40% size:75% COULD FLY BUT NOT HERE, NOT IN 00:47:19.369 --> 00:47:21.538 align:center line:74% position:24% size:58% OUR STATE OR THIS CITY. 00:47:21.538 --> 00:47:23.407 align:center line:74% position:33% size:70% WE HAVE SEEN THE BENEFITS OF 00:47:23.407 --> 00:47:24.274 align:center line:74% position:44% size:78% BRINGING WORKERS AND BUSINESSES 00:47:24.274 --> 00:47:27.811 align:center line:74% position:36% size:73% TO THE TABLE SO I WANT TO PUT 00:47:27.811 --> 00:47:28.912 align:center line:74% position:31% size:68% THIS FORWARD TRULY WITH THE 00:47:28.912 --> 00:47:31.915 align:center line:74% position:36% size:73% INTENT OF MAKING SURE THAT WE 00:47:31.915 --> 00:47:34.651 align:center line:74% position:22% size:55% HAVE AN ENTITY THAT IS 00:47:34.651 --> 00:47:36.787 align:center line:74% position:50% size:80% KNOWLEDGEABLE ABOUT THIS SECTOR, 00:47:36.787 --> 00:47:38.322 align:center line:74% position:40% size:75% KNOWLEDGEABLE ABOUT THE GROWTH 00:47:38.322 --> 00:47:40.157 align:center line:74% position:31% size:68% AND THE FLEXIBILITY THAT IS 00:47:40.157 --> 00:47:45.028 align:center line:74% position:50% size:80% NEEDED FOR US TO RESPOND TO BOTH 00:47:45.028 --> 00:47:46.763 align:center line:74% position:40% size:75% STATE REGULATIONS CHANGING AND 00:47:46.763 --> 00:47:48.632 align:center line:74% position:50% size:80% THE OPPORTUNITY FOR EMPLOYERS AS 00:47:48.632 --> 00:47:50.934 align:center line:74% position:36% size:73% WELL AS WORKERS TO BE ABLE TO 00:47:50.934 --> 00:47:55.005 align:center line:74% position:40% size:75% EVOLVE IN THIS INDUSTRY WITH A 00:47:55.005 --> 00:47:56.940 align:center line:74% position:40% size:75% KNOWLEDGEABLE PARTNER THAT CAN 00:47:56.940 --> 00:47:58.775 align:center line:74% position:40% size:75% WORK IN PARTNERSHIP WITH LOCAL 00:47:58.775 --> 00:47:59.476 align:center line:74% position:33% size:70% SEATTLE SCHOOL INSTITUTIONS. 00:47:59.476 --> 00:48:01.878 align:center line:74% position:36% size:73% I'M PROUD OF THE WORK WE HAVE 00:48:01.878 --> 00:48:03.080 align:center line:74% position:33% size:70% DONE IN PARTNERSHIP WITH THE 00:48:03.080 --> 00:48:06.283 align:center line:74% position:22% size:55% MAYOR'S OFFICE ON THIS 00:48:06.283 --> 00:48:09.620 align:center line:74% position:36% size:73% LEGISLATION AND THE AMENDMENT 00:48:09.620 --> 00:48:12.189 align:center line:74% position:31% size:68% HERE AS AMENDED WHICH GIVES 00:48:12.189 --> 00:48:13.657 align:center line:74% position:50% size:80% DIFFERENCE TO THE MAYOR'S OFFICE 00:48:13.657 --> 00:48:15.392 align:center line:74% position:44% size:78% IN PARTNERSHIP WITH THE SEATTLE 00:48:15.392 --> 00:48:17.628 align:center line:74% position:50% size:80% BASED ENTITY WHO TRULY KNOWS HOW 00:48:17.628 --> 00:48:19.162 align:center line:74% position:36% size:73% TO BRING TOGETHER WORKERS AND 00:48:19.162 --> 00:48:21.431 align:center line:74% position:44% size:78% BUSINESSES CAN HELP US IDENTIFY 00:48:21.431 --> 00:48:23.100 align:center line:74% position:27% size:63% WAYS TO MAKE SURE THIS IS 00:48:23.100 --> 00:48:24.835 align:center line:74% position:21% size:53% ASSESSMENT IS NEEDED. 00:48:24.835 --> 00:48:28.005 align:center line:74% position:33% size:70% YOU REALLY WANT TO MAKE SURE 00:48:28.005 --> 00:48:30.440 align:center line:74% position:40% size:75% THAT THE WORDS LIKE WORK FORCE 00:48:30.440 --> 00:48:31.875 align:center line:74% position:40% size:75% DEVELOPMENT AND APPRENTICESHIP 00:48:31.875 --> 00:48:38.415 align:center line:74% position:44% size:78% ARE NOT SEEN AS DIRTY WORDS NOR 00:48:38.415 --> 00:48:39.816 align:center line:74% position:33% size:70% SHOULD THE TERMS "UNION" OR" 00:48:39.816 --> 00:48:40.217 align:center line:74% position:14% size:28% NONPROFIT". 00:48:40.217 --> 00:48:40.884 align:center line:74% position:22% size:55% TO HAVE CONCERN AROUND 00:48:40.884 --> 00:48:41.952 align:center line:74% position:40% size:75% NONPROFITS BEING RAISED RELAYS 00:48:41.952 --> 00:48:48.492 align:center line:74% position:31% size:68% TO ME THIS IS NOT ABOUT THE 00:48:48.492 --> 00:48:50.127 align:center line:74% position:50% size:80% INTENT OF THE ASSESSMENT THIS IS 00:48:50.127 --> 00:48:51.094 align:center line:74% position:36% size:73% A CONCERN ABOUT WORKER UNIONS 00:48:51.094 --> 00:48:54.698 align:center line:74% position:50% size:80% AND THIS IS NOT A PLACE FOR THAT 00:48:54.698 --> 00:48:54.998 align:center line:74% position:14% size:28% DISCUSSION. 00:48:54.998 --> 00:48:56.566 align:center line:74% position:40% size:75% THIS IS AN OPPORTUNITY TO FIND 00:48:56.566 --> 00:48:59.236 align:center line:74% position:25% size:60% OUT HOW WE CAN BEST PULL 00:48:59.236 --> 00:49:00.837 align:center line:74% position:44% size:78% TOGETHER WORKERS AND BUSINESSES 00:49:00.837 --> 00:49:03.373 align:center line:74% position:33% size:70% TO MOVE FORWARD ON THE NEEDS 00:49:03.373 --> 00:49:03.674 align:center line:74% position:14% size:28% ASSESSMENT. 00:49:03.674 --> 00:49:05.142 align:center line:74% position:36% size:73% SO WITH THAT I APPRECIATE THE 00:49:05.142 --> 00:49:07.377 align:center line:74% position:36% size:73% OPPORTUNITY TO WORK WITH SOME 00:49:07.377 --> 00:49:08.145 align:center line:74% position:36% size:73% COLLEAGUES WHO REACHED OUT ON 00:49:08.145 --> 00:49:11.348 align:center line:74% position:40% size:75% THIS AMENDMENT AND IN ADDITION 00:49:11.348 --> 00:49:14.518 align:center line:74% position:50% size:80% TO THAT, WITH THE MAYOR'S OFFICE 00:49:14.518 --> 00:49:17.621 align:center line:74% position:50% size:80% FOR HELP IN THINKING THROUGH THE 00:49:17.621 --> 00:49:18.288 align:center line:74% position:31% size:68% SCHOOL-BASED OR EDUCATIONAL 00:49:18.288 --> 00:49:18.989 align:center line:74% position:33% size:70% INSTITUTIONAL BASED APPROACH 00:49:18.989 --> 00:49:22.993 align:center line:74% position:36% size:73% HERE AND I DO HOPE I CAN EARN 00:49:22.993 --> 00:49:26.330 align:center line:74% position:29% size:65% YOUR SUPPORT FOR AMENDMENT 00:49:26.330 --> 00:49:26.630 align:center line:74% position:14% size:28% NUMBER ONE. 00:49:26.630 --> 00:49:27.864 align:center line:74% position:36% size:73% WITH THAT, COUNCILMEMBER SARA 00:49:27.864 --> 00:49:34.304 align:center line:74% position:36% size:73% NELSON WOULD YOU LIKE TO WALK 00:49:34.304 --> 00:49:35.372 align:center line:74% position:36% size:73% THROUGH AMENDMENT NUMBER TWO? 00:49:35.372 --> 00:49:39.609 align:center line:74% position:36% size:73% FOR THE FOLKS IN THE ROOM, IF 00:49:39.609 --> 00:49:42.646 align:center line:74% position:22% size:55% YOU WOULD LIKE TO MAKE 00:49:42.646 --> 00:49:43.647 align:center line:74% position:31% size:68% COUNCILMEMBER SARA NELSON'S 00:49:43.647 --> 00:49:47.084 align:center line:74% position:50% size:80% SCREEN LARGER SO WE CAN SEE HER, 00:49:47.084 --> 00:49:48.118 align:center line:74% position:20% size:50% THAT WOULD BE GREAT. 00:49:48.118 --> 00:49:49.219 align:center line:74% position:22% size:55% PERFECT, LOOKS BETTER. 00:49:49.219 --> 00:49:53.357 align:center line:74% position:33% size:70% COUNCILMEMBER SARA NELSON WE 00:49:53.357 --> 00:49:58.462 align:center line:74% position:16% size:38% CAN'T HEAR YOU. 00:49:58.462 --> 00:49:59.396 align:center line:74% position:31% size:68% YOU MIGHT BE ON MUTE STILL. 00:49:59.396 --> 00:50:06.069 align:center line:74% position:10% size:3% . 00:50:06.069 --> 00:50:06.570 align:center line:74% position:19% size:48% >> OKAY, THANK YOU. 00:50:06.570 --> 00:50:08.438 align:center line:74% position:27% size:63% ALL RIGHT SO I APPRECIATE 00:50:08.438 --> 00:50:10.307 align:center line:74% position:50% size:80% EVERYONE WHO CAME OUT FOR PUBLIC 00:50:10.307 --> 00:50:12.943 align:center line:74% position:33% size:70% COMMENT AND THE ENERGY GOING 00:50:12.943 --> 00:50:13.443 align:center line:74% position:22% size:55% INTO THIS LEGISLATION. 00:50:13.443 --> 00:50:15.245 align:center line:74% position:44% size:78% IT'S IMPORTANT WORK AND THERE'S 00:50:15.245 --> 00:50:18.648 align:center line:74% position:44% size:78% BEEN A LOT OF WORK ALREADY DONE 00:50:18.648 --> 00:50:20.817 align:center line:74% position:36% size:73% AT THE STATE LEVEL TO ADVANCE 00:50:20.817 --> 00:50:23.620 align:center line:74% position:40% size:75% SOCIAL EQUITY IN CANNABIS SO I 00:50:23.620 --> 00:50:26.857 align:center line:74% position:33% size:70% JUST WANT TO FOCUS ON WHAT'S 00:50:26.857 --> 00:50:30.827 align:center line:74% position:44% size:78% HAPPENED AT THE CITY SO FAR AND 00:50:30.827 --> 00:50:34.998 align:center line:74% position:33% size:70% IN 2018 FAS BEGAN WORK ALONG 00:50:34.998 --> 00:50:39.069 align:center line:74% position:50% size:80% WITH OED, SDCI, OCR TO ELIMINATE 00:50:39.069 --> 00:50:41.038 align:center line:74% position:44% size:78% RACIAL DISPARITIES IN CANNABIS. 00:50:41.038 --> 00:50:43.006 align:center line:74% position:31% size:68% HELD TWO DOZEN STAKE HOLDER 00:50:43.006 --> 00:50:45.842 align:center line:74% position:27% size:63% ENGAGEMENTS, CONVENES THE 00:50:45.842 --> 00:50:47.177 align:center line:74% position:50% size:80% CANNABIS COMMUNITY FORUM IN 2020 00:50:47.177 --> 00:50:49.012 align:center line:74% position:44% size:78% FEBRUARY AND CONDUCTED A SURVEY 00:50:49.012 --> 00:50:51.381 align:center line:74% position:44% size:78% IN 2019 REFERENCED IN THE PAST. 00:50:51.381 --> 00:50:54.851 align:center line:74% position:40% size:75% BUT LET ME REMIND PEOPLE, THIS 00:50:54.851 --> 00:50:57.254 align:center line:74% position:40% size:75% SURVEY WAS ONE OF THE PURPOSES 00:50:57.254 --> 00:50:58.422 align:center line:74% position:27% size:63% WAS TO FIGURE OUT WAYS TO 00:50:58.422 --> 00:50:59.756 align:center line:74% position:29% size:65% REDISTRIBUTE WEALTH IN THE 00:50:59.756 --> 00:51:02.459 align:center line:74% position:44% size:78% CANNABIS INDUSTRY AND THEY WENT 00:51:02.459 --> 00:51:05.162 align:center line:74% position:44% size:78% INTO LOOKING AT THREE DIFFERENT 00:51:05.162 --> 00:51:06.997 align:center line:74% position:36% size:73% MODELS, OWNERSHIP KREN TRICK, 00:51:06.997 --> 00:51:08.165 align:center line:74% position:25% size:60% WORK FORCE CENT RICK AND 00:51:08.165 --> 00:51:09.199 align:center line:74% position:44% size:78% COMMUNITY INVESTMENT FRAME WORK 00:51:09.199 --> 00:51:12.869 align:center line:74% position:36% size:73% SO THERE'S BEEN A LOT OF WORK 00:51:12.869 --> 00:51:13.837 align:center line:74% position:19% size:48% DONE ON THIS FRONT. 00:51:13.837 --> 00:51:15.839 align:center line:74% position:44% size:78% AND ONE OF THE PRODUCTS OF THAT 00:51:15.839 --> 00:51:18.241 align:center line:74% position:44% size:78% WORK WAS THE RACIAL EQUITY TOOL 00:51:18.241 --> 00:51:23.380 align:center line:74% position:27% size:63% KIT THAT CAME OUT OF THIS 00:51:23.380 --> 00:51:24.081 align:center line:74% position:40% size:75% INTERDEPARTMENT MENTAL EFFORT. 00:51:24.081 --> 00:51:28.552 align:center line:74% position:31% size:68% THEY ALSO PRODUCED FIVE KEY 00:51:28.552 --> 00:51:29.586 align:center line:74% position:40% size:75% POLICY CHANGE RECOMMENDATIONS. 00:51:29.586 --> 00:51:32.355 align:center line:74% position:40% size:75% AND THE STAKE HOLDERS ALSO PUT 00:51:32.355 --> 00:51:33.390 align:center line:74% position:18% size:45% FORWARD ADDITIONAL 00:51:33.390 --> 00:51:35.392 align:center line:74% position:44% size:78% RECOMMENDATIONS INCLUDING ALIGN 00:51:35.392 --> 00:51:40.097 align:center line:74% position:40% size:75% WITH THE STATE'S SOCIAL EQUITY 00:51:40.097 --> 00:51:41.164 align:center line:74% position:31% size:68% TASK FORCE RECOMMENDATIONS. 00:51:41.164 --> 00:51:43.967 align:center line:74% position:44% size:78% AND IN THE END, THERE WAS A LOT 00:51:43.967 --> 00:51:45.802 align:center line:74% position:40% size:75% OF AGREEMENT ON THE PATH GOING 00:51:45.802 --> 00:51:46.903 align:center line:74% position:25% size:60% FORWARD AND THIS WAS ALL 00:51:46.903 --> 00:51:50.040 align:center line:74% position:29% size:65% PRESENTED IN THE COMMITTEE 00:51:50.040 --> 00:51:51.608 align:center line:74% position:22% size:55% MEETING ON MARCH 22ND. 00:51:51.608 --> 00:51:55.245 align:center line:74% position:31% size:68% SO IT'S CLEAR THAT THE CITY 00:51:55.245 --> 00:51:56.246 align:center line:74% position:40% size:75% SUPPORTS THE CANNABIS INDUSTRY 00:51:56.246 --> 00:51:58.915 align:center line:74% position:40% size:75% AND AS A WHOLE AND REALLY DOES 00:51:58.915 --> 00:52:03.386 align:center line:74% position:50% size:80% WANT TO SEE IT THRIVE SO I WOULD 00:52:03.386 --> 00:52:05.255 align:center line:74% position:29% size:65% SAY IF THIS LEGISLATION IS 00:52:05.255 --> 00:52:06.756 align:center line:74% position:44% size:78% REALLY ABOUT ADVANCING CANNABIS 00:52:06.756 --> 00:52:09.593 align:center line:74% position:50% size:80% EQUITY, WE NEED TO LISTEN TO THE 00:52:09.593 --> 00:52:12.128 align:center line:74% position:40% size:75% COMMUNITY THAT HAS SPOKEN, THE 00:52:12.128 --> 00:52:14.764 align:center line:74% position:50% size:80% BLACK COMMUNITY MEMBERS WHO HAVE 00:52:14.764 --> 00:52:18.001 align:center line:74% position:40% size:75% COME TODAY AND HAVE ASKED THAT 00:52:18.001 --> 00:52:21.671 align:center line:74% position:44% size:78% THEIR NEEDS BE CENTERED IN THIS 00:52:21.671 --> 00:52:22.873 align:center line:74% position:33% size:70% DISCUSSION AND GOING FORWARD 00:52:22.873 --> 00:52:24.941 align:center line:74% position:40% size:75% BECAUSE OTHERWISE, IT SEEMS AS 00:52:24.941 --> 00:52:29.479 align:center line:74% position:31% size:68% THOUGH IT COULD BE SIMPLY A 00:52:29.479 --> 00:52:31.681 align:center line:74% position:27% size:63% VEHICLE FOR ADVANCING THE 00:52:31.681 --> 00:52:33.850 align:center line:74% position:27% size:63% INTEREST OF AN OUTSIDE OR 00:52:33.850 --> 00:52:40.190 align:center line:74% position:44% size:78% SPECIAL INTEREST SO ALL OF THAT 00:52:40.190 --> 00:52:41.424 align:center line:74% position:50% size:80% SAID, THIS NEEDS ASSESSMENT IS A 00:52:41.424 --> 00:52:43.059 align:center line:74% position:44% size:78% WAY EVEN THOUGH THERE HAVE BEEN 00:52:43.059 --> 00:52:44.728 align:center line:74% position:50% size:80% ALREADY A LOT OF NEEDS THAT HAVE 00:52:44.728 --> 00:52:48.298 align:center line:74% position:44% size:78% BEEN FORWARDED AND WE HAVE ALSO 00:52:48.298 --> 00:52:50.200 align:center line:74% position:40% size:75% TALKED ABOUT PUBLIC SAFETY AND 00:52:50.200 --> 00:52:51.401 align:center line:74% position:40% size:75% TRAINING, I AGREE THAT THERE'S 00:52:51.401 --> 00:52:54.638 align:center line:74% position:36% size:73% MUCH MORE THAT CAN BE DONE SO 00:52:54.638 --> 00:52:56.540 align:center line:74% position:25% size:60% THIS NEEDS ASSESSMENT IS 00:52:56.540 --> 00:52:59.209 align:center line:74% position:36% size:73% INTENDED I BELIEVE TO SURFACE 00:52:59.209 --> 00:53:01.645 align:center line:74% position:40% size:75% ADDITIONAL WAYS WE CAN ADVANCE 00:53:01.645 --> 00:53:02.179 align:center line:74% position:12% size:18% EQUITY. 00:53:02.179 --> 00:53:05.849 align:center line:74% position:44% size:78% AND IF THAT'S THE CASE, WE NEED 00:53:05.849 --> 00:53:08.184 align:center line:74% position:50% size:80% AN ENTITY THAT'S DOING THAT THAT 00:53:08.184 --> 00:53:10.921 align:center line:74% position:44% size:78% HAS EXPERTISE AND CAN PUT OUT A 00:53:10.921 --> 00:53:13.123 align:center line:74% position:33% size:70% PRODUCT THAT WILL BE USEFUL. 00:53:13.123 --> 00:53:18.828 align:center line:74% position:29% size:65% AND THERE WERE A COUPLE OF 00:53:18.828 --> 00:53:21.031 align:center line:74% position:44% size:78% ACADEMIC INSTITUTIONS MENTIONED 00:53:21.031 --> 00:53:24.367 align:center line:74% position:25% size:60% BY PAULA IN HER COMMENT. 00:53:24.367 --> 00:53:26.803 align:center line:74% position:33% size:70% THERE'S ALSO ANOTHER ACADEMC 00:53:26.803 --> 00:53:30.040 align:center line:74% position:27% size:63% INSTITUTION HERE IN TOWN, 00:53:30.040 --> 00:53:32.809 align:center line:74% position:33% size:70% SEATTLE CENTRAL, THEY HAVE A 00:53:32.809 --> 00:53:34.544 align:center line:74% position:33% size:70% CANNABIS INSTITUTE AND IT IS 00:53:34.544 --> 00:53:36.613 align:center line:74% position:25% size:60% DESIGNED TO HELP WORKERS 00:53:36.613 --> 00:53:37.380 align:center line:74% position:27% size:63% PROGRESS IN THE INDUSTRY. 00:53:37.380 --> 00:53:40.650 align:center line:74% position:50% size:80% SO I AM I SAING WE HAVE A LOT OF 00:53:40.650 --> 00:53:41.718 align:center line:74% position:50% size:80% ACADEMIC INSTITUTION THAT IS ARE 00:53:41.718 --> 00:53:45.555 align:center line:74% position:36% size:73% WELL EQUIPPED TO DO THIS WORK 00:53:45.555 --> 00:53:47.991 align:center line:74% position:29% size:65% AND WHY IS THAT IMPORTANT? 00:53:47.991 --> 00:53:49.025 align:center line:74% position:31% size:68% IT'S IMPORTANT BECAUSE THIS 00:53:49.025 --> 00:53:52.963 align:center line:74% position:36% size:73% WHOLE PROCESS HAS TO HAVE THE 00:53:52.963 --> 00:53:54.130 align:center line:74% position:33% size:70% TRUST OF EVERYBODY INVOLVED. 00:53:54.130 --> 00:53:58.168 align:center line:74% position:44% size:78% AND NEEDS TO BE BRING EVERYBODY 00:53:58.168 --> 00:54:00.971 align:center line:74% position:36% size:73% TO THE TABLE BOTH WORKERS AND 00:54:00.971 --> 00:54:02.205 align:center line:74% position:44% size:78% ACTUALLY THE CANNABIS COMMUNITY 00:54:02.205 --> 00:54:02.906 align:center line:74% position:44% size:78% THE RETAIL OWNERS BECAUSE WE'RE 00:54:02.906 --> 00:54:04.174 align:center line:74% position:36% size:73% TALK ABOUT GOING FORWARD IN A 00:54:04.174 --> 00:54:07.377 align:center line:74% position:50% size:80% WAY THAT HELPS THE INDUSTRY AS A 00:54:07.377 --> 00:54:07.577 align:center line:74% position:12% size:15% WHOLE. 00:54:07.577 --> 00:54:09.613 align:center line:74% position:40% size:75% SO THEY NEED TO HAVE THE TRUST 00:54:09.613 --> 00:54:12.415 align:center line:74% position:33% size:70% OF THE PARTICIPANTS AND THEY 00:54:12.415 --> 00:54:14.484 align:center line:74% position:24% size:58% HAVE TO BE INDEPENDENT. 00:54:14.484 --> 00:54:18.221 align:center line:74% position:44% size:78% FEW TRAL, NOT COMING IN WITH AN 00:54:18.221 --> 00:54:19.756 align:center line:74% position:29% size:65% AGENDA THAT'S ALREADY BEEN 00:54:19.756 --> 00:54:25.328 align:center line:74% position:50% size:80% PRETTY CLEAR IN DISCUSSIONS THAT 00:54:25.328 --> 00:54:28.798 align:center line:74% position:50% size:80% HAVE HAPPENED WITH MY OFFICE AND 00:54:28.798 --> 00:54:30.467 align:center line:74% position:31% size:68% AS I'VE MENTIONED BEFORE SO 00:54:30.467 --> 00:54:32.569 align:center line:74% position:31% size:68% UNLESS ALL THE PARTIES HAVE 00:54:32.569 --> 00:54:33.903 align:center line:74% position:27% size:63% CONFIDENCE THAT THE PARTY 00:54:33.903 --> 00:54:36.206 align:center line:74% position:44% size:78% CONDUCTING THE NEEDS ASSESSMENT 00:54:36.206 --> 00:54:37.841 align:center line:74% position:27% size:63% IS FAIR AND UNBIASED, THE 00:54:37.841 --> 00:54:38.808 align:center line:74% position:20% size:50% ASSESSMENT WILL LACK 00:54:38.808 --> 00:54:39.776 align:center line:74% position:50% size:80% CREDIBILITY, WON'T BE USEFUL AND 00:54:39.776 --> 00:54:42.612 align:center line:74% position:50% size:80% IT WILL LOSE THE TRUST AS WE SAW 00:54:42.612 --> 00:54:43.813 align:center line:74% position:44% size:78% THIS MORNING THE LETTER WE WANT 00:54:43.813 --> 00:54:47.050 align:center line:74% position:40% size:75% TO KEEP EVERYONE AT THE TABLE. 00:54:47.050 --> 00:54:49.019 align:center line:74% position:29% size:65% E WITH E WE DON'T WANT THE 00:54:49.019 --> 00:54:52.489 align:center line:74% position:50% size:80% RETAIL OWNERS TO LEAVE THE TABLE 00:54:52.489 --> 00:54:53.390 align:center line:74% position:20% size:50% BECAUSE THEY WILL BE 00:54:53.390 --> 00:54:54.557 align:center line:74% position:40% size:75% IMPLEMENTING THE MEASURES THAT 00:54:54.557 --> 00:54:57.861 align:center line:74% position:50% size:80% COME OUT OF THE NEEDS ASSESSMENT 00:54:57.861 --> 00:55:01.031 align:center line:74% position:44% size:78% SO I'M ASKING FOR AN HONEST AND 00:55:01.031 --> 00:55:02.365 align:center line:74% position:44% size:78% TRANSPARENT NEEDS ASSESSMENT TO 00:55:02.365 --> 00:55:03.366 align:center line:74% position:15% size:33% BE CONDUCTED. 00:55:03.366 --> 00:55:06.336 align:center line:74% position:50% size:80% NOT ONE THAT STACKS THE DECK FOR 00:55:06.336 --> 00:55:09.572 align:center line:74% position:22% size:55% A PARTICULAR INTEREST. 00:55:09.572 --> 00:55:11.107 align:center line:74% position:50% size:80% I'M ASKING FOR ONE THAT RESPECTS 00:55:11.107 --> 00:55:13.309 align:center line:74% position:50% size:80% THE EXPERTISE OF THE PEOPLE THAT 00:55:13.309 --> 00:55:17.847 align:center line:74% position:25% size:60% HAVE BEEN WORKING IN THE 00:55:17.847 --> 00:55:19.149 align:center line:74% position:40% size:75% CANNABIS INDUSTRY AS EMPLOYERS 00:55:19.149 --> 00:55:19.616 align:center line:74% position:15% size:35% AND EMPLOYEES. 00:55:19.616 --> 00:55:22.519 align:center line:74% position:50% size:80% AND JUST TO GO FORWARD WITH SOME 00:55:22.519 --> 00:55:24.621 align:center line:74% position:40% size:75% IMPARTIAL WORK THAT WILL END I 00:55:24.621 --> 00:55:28.091 align:center line:74% position:44% size:78% HELPING THE WHOLE COMMUNITY AND 00:55:28.091 --> 00:55:30.694 align:center line:74% position:44% size:78% THE INDUSTRY THRIVE IN SEATTLE. 00:55:30.694 --> 00:55:32.529 align:center line:74% position:31% size:68% AND SO I DON'T REALLY KNOW, 00:55:32.529 --> 00:55:34.931 align:center line:74% position:50% size:80% THAT'S MY OPENING STATEMENTS BUT 00:55:34.931 --> 00:55:43.039 align:center line:74% position:44% size:78% I THINK IT WOULD BE FRUITFUL TO 00:55:43.039 --> 00:55:45.909 align:center line:74% position:36% size:73% TALK ABOUT WHAT NONPROFITS IS 00:55:45.909 --> 00:55:46.443 align:center line:74% position:36% size:73% YOUR AMENDMENT CONTEMPLATING. 00:55:46.776 --> 00:55:51.314 align:center line:74% position:10% size:3% . 00:55:51.314 --> 00:55:52.515 align:center line:74% position:50% size:80% >> THANK YOU, COUNCILMEMBER SARA 00:55:52.515 --> 00:55:52.749 align:center line:74% position:12% size:18% NELSON. 00:55:52.749 --> 00:55:54.684 align:center line:74% position:36% size:73% COUNCILMEMBER LISA HERBOLD GO 00:55:54.684 --> 00:55:54.884 align:center line:74% position:12% size:15% AHEAD. 00:55:54.884 --> 00:55:56.052 align:center line:74% position:15% size:33% >> THANK YOU. 00:55:56.052 --> 00:55:57.787 align:center line:74% position:19% size:48% I WANT TO THANK YOU 00:55:57.787 --> 00:55:59.356 align:center line:74% position:36% size:73% COUNCILMEMBER TERESA MOSQUEDA 00:55:59.356 --> 00:56:02.358 align:center line:74% position:29% size:65% FOR MAKING CHANGES TO YOUR 00:56:02.358 --> 00:56:04.494 align:center line:74% position:25% size:60% AMENDMENT SINCE OUR LAST 00:56:04.494 --> 00:56:05.462 align:center line:74% position:18% size:45% COMMITTEE MEETING. 00:56:05.462 --> 00:56:08.798 align:center line:74% position:31% size:68% MAKING CLEAR ONE THAT THERE 00:56:08.798 --> 00:56:10.300 align:center line:74% position:50% size:80% ISN'T A SPECIFIC NONPROFIT NAMED 00:56:10.300 --> 00:56:13.036 align:center line:74% position:50% size:80% AND TO OUR CONVERSATION WITH THE 00:56:13.036 --> 00:56:14.137 align:center line:74% position:36% size:73% MAYOR'S OFFICE, WE HEARD FROM 00:56:14.137 --> 00:56:17.540 align:center line:74% position:33% size:70% THE MAYOR'S OFFICE THAT THEY 00:56:17.540 --> 00:56:20.810 align:center line:74% position:44% size:78% WILL BE IN THE DRIVER'S SEAT IN 00:56:20.810 --> 00:56:22.011 align:center line:74% position:27% size:63% THE PROCESS TO SELECT THE 00:56:22.011 --> 00:56:25.648 align:center line:74% position:33% size:70% NONPROFIT PARTNER AND I JUST 00:56:25.648 --> 00:56:31.354 align:center line:74% position:25% size:60% WANT TO SAY AS SIMPLY AS 00:56:31.354 --> 00:56:34.724 align:center line:74% position:50% size:80% POSSIBLE, THE IDEA OF HAVING THE 00:56:34.724 --> 00:56:37.026 align:center line:74% position:50% size:80% INDEPENDENT ACADEMIC INSTITUTION 00:56:37.026 --> 00:56:39.896 align:center line:74% position:44% size:78% AT THE LEAD BUT PARTNERING WITH 00:56:39.896 --> 00:56:41.197 align:center line:74% position:44% size:78% THE NONPROFIT IS SIMPLY TO MAKE 00:56:41.197 --> 00:56:42.799 align:center line:74% position:50% size:80% SURE THAT EVERYBODY WHO NEEDS TO 00:56:42.799 --> 00:56:47.170 align:center line:74% position:44% size:78% BE AT THE TABLE IS AT THE TAUBL 00:56:47.170 --> 00:56:49.272 align:center line:74% position:33% size:70% AND IS PART OF THE NONPROFIT 00:56:49.272 --> 00:56:55.812 align:center line:74% position:36% size:73% WORKS WITH MUCH LIKE A LOT OF 00:56:55.812 --> 00:56:58.481 align:center line:74% position:27% size:63% OUR ACADEMIC WORKER NEEDS 00:56:58.481 --> 00:57:01.818 align:center line:74% position:44% size:78% SURVEYS AND ACADEMIC WORK ABOUT 00:57:01.818 --> 00:57:05.422 align:center line:74% position:40% size:75% THE OUTCOMES OF OUR LABOR LAWS 00:57:05.422 --> 00:57:06.890 align:center line:74% position:36% size:73% AND THE ACADEMIC WORKS WITH A 00:57:06.890 --> 00:57:08.725 align:center line:74% position:40% size:75% NONPROFIT TO DO AS WE HEARD IN 00:57:08.725 --> 00:57:12.996 align:center line:74% position:31% size:68% PUBLIC COMMENT, SOME OF THE 00:57:12.996 --> 00:57:15.365 align:center line:74% position:40% size:75% SURVEYING AND FOCUS GROUP WORK 00:57:15.365 --> 00:57:17.167 align:center line:74% position:44% size:78% AGAIN TO MAKE SURE EVERYBODY IS 00:57:17.167 --> 00:57:19.035 align:center line:74% position:15% size:33% AT THE TABLE. 00:57:19.035 --> 00:57:21.171 align:center line:74% position:36% size:73% WE WANT WORKERS AT THE TABLE. 00:57:21.171 --> 00:57:22.071 align:center line:74% position:29% size:65% THE ORGANIZATION THAT SOME 00:57:22.071 --> 00:57:28.111 align:center line:74% position:44% size:78% PEOPLE ARE CONCERNED ABOUT IS A 00:57:28.111 --> 00:57:28.711 align:center line:74% position:22% size:55% LABOR MANAGEMENT JOINT 00:57:28.711 --> 00:57:29.979 align:center line:74% position:40% size:75% ORGANIZATION AND WE HAVE FOUND 00:57:29.979 --> 00:57:31.114 align:center line:74% position:50% size:80% AS COUNCILMEMBER TERESA MOSQUEDA 00:57:31.114 --> 00:57:36.286 align:center line:74% position:31% size:68% SAID, SOME OF OUR BEST WORK 00:57:36.286 --> 00:57:39.389 align:center line:74% position:33% size:70% FORCE TRAINING PROGRAMS HAVE 00:57:39.389 --> 00:57:41.357 align:center line:74% position:27% size:63% COME ABOUT BECAUSE OF THE 00:57:41.357 --> 00:57:42.859 align:center line:74% position:29% size:65% PARTNERSHIP OF WORKERS AND 00:57:42.859 --> 00:57:46.596 align:center line:74% position:40% size:75% MANAGEMENT, IN THIS CASE STORE 00:57:46.596 --> 00:57:48.498 align:center line:74% position:29% size:65% OWNERS SO IN MY MIND, THIS 00:57:48.498 --> 00:57:49.465 align:center line:74% position:36% size:73% AMENDMENT IS INTENDED TO MAKE 00:57:49.465 --> 00:57:51.534 align:center line:74% position:36% size:73% SURE THAT EVERYBODY IS AT THE 00:57:51.534 --> 00:57:56.272 align:center line:74% position:44% size:78% TABLE MOVING FORWARD AS PART OF 00:57:56.272 --> 00:57:58.374 align:center line:74% position:40% size:75% THE ASSESSMENT OF THE NEEDS OF 00:57:58.374 --> 00:57:58.842 align:center line:74% position:16% size:38% THE WORK FORCE. 00:57:58.842 --> 00:58:00.476 align:center line:74% position:22% size:55% >> THANK YOU VERY MUCH 00:58:00.476 --> 00:58:01.311 align:center line:74% position:31% size:68% COUNCILMEMBER LISA HERBOLD. 00:58:01.311 --> 00:58:03.446 align:center line:74% position:36% size:73% WITH THAT, IT'S HELPFUL TO GO 00:58:03.446 --> 00:58:07.016 align:center line:74% position:44% size:78% AHEAD AND MOVE INTO CONSIDERING 00:58:07.016 --> 00:58:07.617 align:center line:74% position:16% size:38% THE AMENDMENTS. 00:58:07.617 --> 00:58:10.353 align:center line:74% position:50% size:80% I MOVE TO AMEND COUNCIL BILL 319 00:58:10.353 --> 00:58:11.254 align:center line:74% position:18% size:45% IS THERE A SECOND. 00:58:11.254 --> 00:58:11.487 align:center line:74% position:12% size:18% >> YES. 00:58:11.487 --> 00:58:15.458 align:center line:74% position:50% size:80% >> THANK YOU IT'S BEEN MOVED AND 00:58:15.458 --> 00:58:15.725 align:center line:74% position:13% size:23% SECONDED. 00:58:15.725 --> 00:58:18.127 align:center line:74% position:21% size:53% I WILL NOT REHASH THE 00:58:18.127 --> 00:58:22.332 align:center line:74% position:44% size:78% CONVERSATION WE JUST HAD TO TEE 00:58:22.332 --> 00:58:22.932 align:center line:74% position:20% size:50% UP THESE AMENDMENTS. 00:58:22.932 --> 00:58:25.034 align:center line:74% position:50% size:80% I REALLY APPRECIATE LISA HERBOLD 00:58:25.034 --> 00:58:27.937 align:center line:74% position:50% size:80% DISTINCT SUMMARY OF THE VALUE OF 00:58:27.937 --> 00:58:30.440 align:center line:74% position:50% size:80% LABOR MANAGEMENT ENTITY BUT ALSO 00:58:30.440 --> 00:58:31.107 align:center line:74% position:50% size:80% AGAIN, UNDERSCORING A NONPROFIT. 00:58:31.107 --> 00:58:35.645 align:center line:74% position:50% size:80% THE WORD NONPROFIT SHOULD NOT BE 00:58:35.645 --> 00:58:36.045 align:center line:74% position:15% size:35% A SCARY THING. 00:58:36.045 --> 00:58:37.447 align:center line:74% position:44% size:78% AS WE HEAR FOLKS RAISE CONCERN, 00:58:37.447 --> 00:58:42.552 align:center line:74% position:25% size:60% I WANT TO MAKE SURE IT'S 00:58:42.552 --> 00:58:44.787 align:center line:74% position:36% size:73% IMPORTANT FOR US TO KNOW THAT 00:58:44.787 --> 00:58:46.923 align:center line:74% position:50% size:80% THIS IS REALLY AN EFFORT TO WORK 00:58:46.923 --> 00:58:48.758 align:center line:74% position:50% size:80% WITH AN ACADEMIC INSTITUTION AND 00:58:48.758 --> 00:58:51.160 align:center line:74% position:36% size:73% THIS IS IMPORTANT AND WHAT WE 00:58:51.160 --> 00:58:53.897 align:center line:74% position:44% size:78% HOPED FOR BUT WHEN WE INITIALLY 00:58:53.897 --> 00:58:55.198 align:center line:74% position:50% size:80% INTRODUCED THE AMENDMENT WE WERE 00:58:55.198 --> 00:58:56.332 align:center line:74% position:33% size:70% INCREDIBLY NEUTRAL AS ON THE 00:58:56.332 --> 00:58:57.967 align:center line:74% position:50% size:80% ORGANIZATION IN THE AMENDMENT WE 00:58:57.967 --> 00:58:58.368 align:center line:74% position:14% size:30% SENT TO LAW. 00:58:58.368 --> 00:59:00.169 align:center line:74% position:50% size:80% THE FEEDBACK WE GOT FROM LAW WAS 00:59:00.169 --> 00:59:02.639 align:center line:74% position:44% size:78% THAT WE NEEDED TO ACTUALLY HAVE 00:59:02.639 --> 00:59:03.907 align:center line:74% position:40% size:75% SOME EXAMPLES, BE SPECIFIC AND 00:59:03.907 --> 00:59:05.975 align:center line:74% position:40% size:75% SAY SUCH AS WHERE POSSIBLE AND 00:59:05.975 --> 00:59:08.578 align:center line:74% position:24% size:58% SO WE TRIED TO DO THAT. 00:59:08.578 --> 00:59:10.280 align:center line:74% position:33% size:70% BUT WANT TO MAKE SURE WE ARE 00:59:10.280 --> 00:59:11.481 align:center line:74% position:40% size:75% INCORPORATING THE FEEDBACK AND 00:59:11.481 --> 00:59:14.217 align:center line:74% position:44% size:78% MAKING THIS A DIFFERENCE TO THE 00:59:14.217 --> 00:59:18.588 align:center line:74% position:36% size:73% MAYOR'S OFFICE IN PARTNERSHIP 00:59:18.588 --> 00:59:19.789 align:center line:74% position:40% size:75% WITH THE CITY OF SEATTLE BASED 00:59:19.789 --> 00:59:20.590 align:center line:74% position:31% size:68% EDUCATIONAL INSTITUTION AND 00:59:20.590 --> 00:59:22.692 align:center line:74% position:33% size:70% WORKING TO LIFT UP THE VL OF 00:59:22.692 --> 00:59:24.794 align:center line:74% position:50% size:80% BRINGING EMPLOYERS AND EMPLOYEES 00:59:24.794 --> 00:59:26.362 align:center line:74% position:15% size:33% TO THE TABLE. 00:59:26.362 --> 00:59:29.933 align:center line:74% position:40% size:75% THANKS SO MUCH FOR CONSIDERING 00:59:29.933 --> 00:59:31.668 align:center line:74% position:50% size:80% THIS AMENDMENT AND COUNCILMEMBER 00:59:31.668 --> 00:59:34.437 align:center line:74% position:44% size:78% SARA NELSON FOR THE PURPOSES OF 00:59:34.437 --> 00:59:34.737 align:center line:74% position:12% size:18% DEBATE. 00:59:34.737 --> 00:59:37.807 align:center line:74% position:25% size:60% >> SO I DON'T THINK THAT 00:59:37.807 --> 00:59:39.676 align:center line:74% position:25% size:60% NONPROFIT IS A BAD NAME. 00:59:39.676 --> 00:59:40.376 align:center line:74% position:29% size:65% JUST SIMPLY WONDERING WHAT 00:59:40.376 --> 00:59:42.679 align:center line:74% position:31% size:68% NONPROFIT BUT THAT'S NOT MY 00:59:42.679 --> 00:59:47.116 align:center line:74% position:29% size:65% POINT FOR RAISING MY HAND. 00:59:47.116 --> 00:59:48.851 align:center line:74% position:25% size:60% YOUR AMENDMENT JUST SAYS 00:59:48.851 --> 00:59:51.187 align:center line:74% position:31% size:68% EDUCATIONAL INSTITUTION AND 00:59:51.187 --> 00:59:55.458 align:center line:74% position:44% size:78% MAKES NO MENTION OF INDEPENDENT 00:59:55.458 --> 00:59:57.760 align:center line:74% position:36% size:73% OR ACADEMIC SO THAT I BELIEVE 00:59:57.760 --> 00:59:59.629 align:center line:74% position:40% size:75% THAT THAT IS REALLY CRUCIAL TO 00:59:59.629 --> 01:00:05.335 align:center line:74% position:36% size:73% SPELL THAT OUT WHICH IS WHY I 01:00:05.335 --> 01:00:07.036 align:center line:74% position:27% size:63% PUT IT INTO MY AMENDMENT. 01:00:07.036 --> 01:00:08.538 align:center line:74% position:44% size:78% >> THANK YOU COUNCILMEMBER SARA 01:00:08.538 --> 01:00:08.771 align:center line:74% position:12% size:18% NELSON. 01:00:08.771 --> 01:00:10.139 align:center line:74% position:31% size:68% THE GOOD NEWS FOLKS IS THAT 01:00:10.139 --> 01:00:14.310 align:center line:74% position:44% size:78% COUNCILMEMBER SARA NELSON AND I 01:00:14.310 --> 01:00:15.845 align:center line:74% position:44% size:78% HAVE A VERY HARMONIOUS PIECE OF 01:00:15.845 --> 01:00:19.015 align:center line:74% position:44% size:78% LANGUAGE TO CONSIDER AFTER THIS 01:00:19.015 --> 01:00:21.184 align:center line:74% position:33% size:70% SO WE'LL TALK MORE ABOUT THE 01:00:21.184 --> 01:00:22.719 align:center line:74% position:40% size:75% NEUTRALITY AND BALANCE AS WELL 01:00:22.719 --> 01:00:25.455 align:center line:74% position:40% size:75% THAT WE ARE SPEAKING TO IN THE 01:00:25.455 --> 01:00:25.822 align:center line:74% position:16% size:38% NEXT AMENDMENT. 01:00:25.822 --> 01:00:28.992 align:center line:74% position:50% size:80% THE AMENDMENT IN FRONT OF US ONE 01:00:28.992 --> 01:00:30.059 align:center line:74% position:29% size:65% ANY ADDITIONAL COMMENT SNS 01:00:30.059 --> 01:00:32.028 align:center line:74% position:40% size:75% HEARING NONE MADAME CLERK CALL 01:00:32.028 --> 01:00:36.532 align:center line:74% position:24% size:58% THE ROLE ON ADOPTION OF 01:00:36.532 --> 01:00:37.834 align:center line:74% position:15% size:35% AMENDMENT ONE. 01:00:37.834 --> 01:00:39.369 align:center line:74% position:50% size:80% >> I HAVE AN ADDITIONAL COMMENT. 01:00:39.369 --> 01:00:43.439 align:center line:74% position:40% size:75% >> SO YOU JUST MADE ME REALIZE 01:00:43.439 --> 01:00:47.176 align:center line:74% position:50% size:80% THAT WE WILL HAVE REPRESENTATION 01:00:47.176 --> 01:00:48.378 align:center line:74% position:44% size:78% DEPENDING ON HOW THIS GOES DOWN 01:00:48.378 --> 01:00:49.646 align:center line:74% position:31% size:68% THE ADVISORY COMMITTEE IS A 01:00:49.646 --> 01:00:57.120 align:center line:74% position:27% size:63% PLACE WHERE WE CAN HAVE A 01:00:57.120 --> 01:00:58.655 align:center line:74% position:44% size:78% SPECIFIC ROLE FOR LEVER SO THAT 01:00:58.655 --> 01:01:00.423 align:center line:74% position:36% size:73% WILL BE PRESENTED IN THE BODY 01:01:00.423 --> 01:01:05.128 align:center line:74% position:40% size:75% THAT DEFINES THE SCOPE OF WORK 01:01:05.128 --> 01:01:09.699 align:center line:74% position:44% size:78% OF THIS NEEDS ASSESSMENT SO I'M 01:01:09.699 --> 01:01:11.067 align:center line:74% position:40% size:75% ASKING FOR THIS TO BE A SOLELY 01:01:11.067 --> 01:01:13.202 align:center line:74% position:44% size:78% NEUTRAL BODY THAT DOES FOT HAVE 01:01:13.202 --> 01:01:16.105 align:center line:74% position:50% size:80% PEOPLE THAT WILL THEN BE PART OF 01:01:16.105 --> 01:01:17.407 align:center line:74% position:24% size:58% THE ADVISORY COMMITTEE. 01:01:17.407 --> 01:01:20.643 align:center line:74% position:21% size:53% >> THANK YOU SO MUCH. 01:01:20.643 --> 01:01:21.344 align:center line:74% position:27% size:63% AGAIN, I WOULD REITERATE, 01:01:21.344 --> 01:01:24.313 align:center line:74% position:50% size:80% NEUTRAL MEANS BRINGING PEOPLE TO 01:01:24.313 --> 01:01:26.015 align:center line:74% position:29% size:65% THE TABLE WHICH IS WHAT AN 01:01:26.015 --> 01:01:28.451 align:center line:74% position:40% size:75% ENTITY DOES WHEN THEY BRING IN 01:01:28.451 --> 01:01:30.586 align:center line:74% position:44% size:78% WORKERS AND EMPLOYERS TO FIGURE 01:01:30.586 --> 01:01:34.090 align:center line:74% position:44% size:78% OUT TRAINING STRATEGIES TO MOVE 01:01:34.090 --> 01:01:35.158 align:center line:74% position:13% size:20% FORWARD. 01:01:35.158 --> 01:01:37.727 align:center line:74% position:36% size:73% IT'S IMPORTANT FOR US ALSO TO 01:01:37.727 --> 01:01:39.362 align:center line:74% position:36% size:73% CONSIDER THE NEEDS ASSESSMENT 01:01:39.362 --> 01:01:41.531 align:center line:74% position:50% size:80% BRINGS IN THE BEST PRACTICES AND 01:01:41.531 --> 01:01:43.066 align:center line:74% position:25% size:60% LOOKS AT WAYS TO ENHANCE 01:01:43.066 --> 01:01:45.635 align:center line:74% position:44% size:78% TRAINING AND OPPORTUNITY WITHIN 01:01:45.635 --> 01:01:47.070 align:center line:74% position:29% size:65% THE INDUSTRY AND SO HAVING 01:01:47.070 --> 01:01:48.237 align:center line:74% position:36% size:73% SUBJECT MATTER EXPERTS ON THE 01:01:48.237 --> 01:01:50.039 align:center line:74% position:50% size:80% INDUSTRY IS REALLY THE GOAL HERE 01:01:50.039 --> 01:01:52.375 align:center line:74% position:40% size:75% AND THEN WE'LL TALK ABOUT THAT 01:01:52.375 --> 01:01:53.943 align:center line:74% position:44% size:78% BALANCE TABLE IN JUST A SECOND. 01:01:53.943 --> 01:01:56.679 align:center line:74% position:25% size:60% OKAY IT'S BEEN MOVED AND 01:01:56.679 --> 01:01:56.979 align:center line:74% position:13% size:23% SECONDED. 01:01:56.979 --> 01:01:58.681 align:center line:74% position:50% size:80% ALL THOSE IN FAVOR, MADAME CLERK 01:01:58.681 --> 01:02:02.518 align:center line:74% position:29% size:65% COULD YOU CALL THE ROLE ON 01:02:02.518 --> 01:02:06.122 align:center line:74% position:40% size:75% ADOPTION OF THE AMENDMENT ONE. 01:02:06.122 --> 01:02:09.959 align:center line:74% position:36% size:73% >> COUNCILMEMBER LISA HERBOLD 01:02:09.959 --> 01:02:10.259 align:center line:74% position:11% size:10% YES. 01:02:10.259 --> 01:02:11.661 align:center line:74% position:44% size:78% >> COUNCILMEMBER ALEX PEDERSEN. 01:02:11.661 --> 01:02:12.161 align:center line:74% position:12% size:15% >> NO. 01:02:12.161 --> 01:02:15.698 align:center line:74% position:17% size:43% >> WAS THAT A NO? 01:02:15.698 --> 01:02:16.699 align:center line:74% position:13% size:20% >> YEAH. 01:02:16.699 --> 01:02:18.201 align:center line:74% position:36% size:73% >> COUNCILMEMBER SARA NELSON. 01:02:18.201 --> 01:02:20.136 align:center line:74% position:12% size:15% >> NO. 01:02:20.136 --> 01:02:21.104 align:center line:74% position:29% size:65% >> COUNCILMEMBER ANDREW J. 01:02:21.104 --> 01:02:21.304 align:center line:74% position:12% size:15% LEWIS. 01:02:21.304 --> 01:02:21.571 align:center line:74% position:12% size:18% >> YES. 01:02:21.571 --> 01:02:24.006 align:center line:74% position:50% size:80% >> MA DOM CHAIR TERESA MOSQUEDA. 01:02:24.006 --> 01:02:24.240 align:center line:74% position:12% size:18% >> AYE. 01:02:24.240 --> 01:02:26.476 align:center line:74% position:50% size:80% >> MADAME CHAIR THAT IS THREE IN 01:02:26.476 --> 01:02:28.444 align:center line:74% position:19% size:48% FAVOR, TWO OPPOSED. 01:02:28.444 --> 01:02:29.278 align:center line:74% position:24% size:58% >> THANK YOU VERY MUCH. 01:02:29.278 --> 01:02:32.215 align:center line:74% position:50% size:80% THE MOTION CARRIES AND AMENDMENT 01:02:32.215 --> 01:02:33.950 align:center line:74% position:22% size:55% NUMBER ONE IS ADOPTED. 01:02:33.950 --> 01:02:35.351 align:center line:74% position:33% size:70% AMY I ASSUME THAT MEANS THAT 01:02:35.351 --> 01:02:38.221 align:center line:74% position:31% size:68% AMENDMENT TWO IS NOT UP FOR 01:02:38.221 --> 01:02:43.960 align:center line:74% position:44% size:78% CONSIDERATION SHOULD WE MOVE TO 01:02:43.960 --> 01:02:47.330 align:center line:74% position:27% size:63% AMENDMENT NUMBER THREE AS 01:02:47.330 --> 01:02:47.563 align:center line:74% position:13% size:20% AMENDED? 01:02:47.563 --> 01:02:51.734 align:center line:74% position:40% size:75% >> IS THAT THE PARLIAMENTARIAN 01:02:51.734 --> 01:02:52.869 align:center line:74% position:15% size:33% STEP IN HERE? 01:02:52.869 --> 01:02:56.405 align:center line:74% position:40% size:75% CAN TWO AMENDMENTS NOT PROCEED 01:02:56.405 --> 01:02:57.240 align:center line:74% position:40% size:75% TO FULL COUNCIL DISCUSSION AND 01:02:57.240 --> 01:02:57.473 align:center line:74% position:11% size:13% VOTE? 01:02:57.473 --> 01:03:02.912 align:center line:74% position:50% size:80% >> WOULD YOU LIKE TO WEIGH IN ON 01:03:02.912 --> 01:03:03.412 align:center line:74% position:11% size:13% THAT? 01:03:03.412 --> 01:03:05.915 align:center line:74% position:44% size:78% >> YES, TERESA MOSQUEDA AT THIS 01:03:05.915 --> 01:03:06.549 align:center line:74% position:29% size:65% POINT AMENDMENT NUMBER TWO 01:03:06.549 --> 01:03:09.318 align:center line:74% position:33% size:70% CANNOT BE CONSIDERED BECAUSE 01:03:09.318 --> 01:03:10.920 align:center line:74% position:29% size:65% AMENDMENT ONE WAS ADOPTED. 01:03:10.920 --> 01:03:13.289 align:center line:74% position:29% size:65% THAT DOES NOT PROHIBIT THE 01:03:13.289 --> 01:03:14.857 align:center line:74% position:40% size:75% SPONSOR TO BRING BACK OR BRING 01:03:14.857 --> 01:03:16.926 align:center line:74% position:44% size:78% FORWARD AMENDMENT NUMBER TWO TO 01:03:16.926 --> 01:03:21.297 align:center line:74% position:33% size:70% THE CITY COUNCIL SMEETING ON 01:03:21.297 --> 01:03:21.631 align:center line:74% position:15% size:35% SEPTEMBER 6TH. 01:03:21.631 --> 01:03:24.167 align:center line:74% position:21% size:53% >> THANK YOU SO MUCH. 01:03:24.167 --> 01:03:25.701 align:center line:74% position:44% size:78% OKAY WE WILL GO AHEAD AND AGAIN 01:03:25.701 --> 01:03:29.605 align:center line:74% position:44% size:78% TALK ABOUT WHERE WE HAVE COMMON 01:03:29.605 --> 01:03:30.640 align:center line:74% position:12% size:18% GROUND. 01:03:30.640 --> 01:03:31.073 align:center line:74% position:19% size:48% WE HAVE DISTRIBUTED 01:03:31.073 --> 01:03:31.641 align:center line:74% position:21% size:53% ELECTRONICALLY TO THE 01:03:31.641 --> 01:03:34.076 align:center line:74% position:36% size:73% COUNCILMEMBERS I BELIEVE IT'S 01:03:34.076 --> 01:03:36.212 align:center line:74% position:31% size:68% GOING TO BE INCLUDED IN THE 01:03:36.212 --> 01:03:38.314 align:center line:74% position:36% size:73% MINUTES BUT WE HAVE ALSO HARD 01:03:38.314 --> 01:03:40.750 align:center line:74% position:31% size:68% COPIES HERE AT THE DESK FOR 01:03:40.750 --> 01:03:41.350 align:center line:74% position:17% size:40% FOLKS IN PERSON. 01:03:41.350 --> 01:03:43.386 align:center line:74% position:36% size:73% COUNCILMEMBER SARA NELSON AND 01:03:43.386 --> 01:03:46.489 align:center line:74% position:44% size:78% MYSELF DID HAVE THE OPPORTUNITY 01:03:46.489 --> 01:03:48.157 align:center line:74% position:40% size:75% TO TALK ABOUT AMENDMENTS THREE 01:03:48.157 --> 01:03:52.295 align:center line:74% position:50% size:80% AND FOUR AND REALLY WORK TO FIND 01:03:52.295 --> 01:03:53.996 align:center line:74% position:29% size:65% COMMON GROUND AND BALANCE. 01:03:53.996 --> 01:03:55.031 align:center line:74% position:36% size:73% COUNCILMEMBER SARA NELSON, WE 01:03:55.031 --> 01:03:56.065 align:center line:74% position:36% size:73% HAVE THIS JOINT AMENDMENT AND 01:03:56.065 --> 01:03:58.167 align:center line:74% position:36% size:73% I'M GOING TO DEFER TO YOU FOR 01:03:58.167 --> 01:03:59.368 align:center line:74% position:36% size:73% OPENING COMMENTS BUT FIRST, I 01:03:59.368 --> 01:04:00.937 align:center line:74% position:44% size:78% WOULD LIKE TO PUT THE AMENDMENT 01:04:00.937 --> 01:04:02.705 align:center line:74% position:36% size:73% IN FRONT OF US IF THAT SOUNDS 01:04:02.705 --> 01:04:02.939 align:center line:74% position:11% size:13% OKAY. 01:04:03.272 --> 01:04:11.147 align:center line:74% position:16% size:38% I MOVE TO AMEND 01:04:11.147 --> 01:04:13.549 align:center line:74% position:40% size:75% COUNCIL BILL 3091 AS PRESENTED 01:04:13.549 --> 01:04:15.384 align:center line:74% position:33% size:70% ON WALK ON AMENDMENT VERSION 01:04:15.384 --> 01:04:17.153 align:center line:74% position:25% size:60% THREE IS THERE A SECOND? 01:04:17.153 --> 01:04:17.420 align:center line:74% position:13% size:25% >> SECOND. 01:04:17.420 --> 01:04:20.022 align:center line:74% position:24% size:58% >> THANK YOU VERY MUCH. 01:04:20.022 --> 01:04:21.691 align:center line:74% position:36% size:73% IT'S MOVED AND SECOND WALK ON 01:04:21.691 --> 01:04:23.092 align:center line:74% position:44% size:78% AMENDMENT VERSION 2 IS IN FRONT 01:04:23.092 --> 01:04:23.759 align:center line:74% position:40% size:75% OF US COUNCILEMBER SARA NELSON 01:04:23.759 --> 01:04:27.063 align:center line:74% position:40% size:75% WOULD YOU LIKE TO SPEAK TO THE 01:04:27.063 --> 01:04:28.731 align:center line:74% position:33% size:70% INTENT BEHIND THE AMENDMENT? 01:04:28.731 --> 01:04:31.667 align:center line:74% position:40% size:75% >> YES, THE INTENT IS TO GET A 01:04:31.667 --> 01:04:32.935 align:center line:74% position:36% size:73% REPRESENTATION OF PEOPLE THAT 01:04:32.935 --> 01:04:38.107 align:center line:74% position:50% size:80% ARE INVOLVED IN AND HAVE A STAKE 01:04:38.107 --> 01:04:39.575 align:center line:74% position:27% size:63% IN THE CANNABIS INDUSTRY. 01:04:39.575 --> 01:04:43.212 align:center line:74% position:36% size:73% SO THE FIRST CAT GOUR HERE IS 01:04:43.212 --> 01:04:44.313 align:center line:74% position:20% size:50% REPRESENTATIVES FROM 01:04:44.313 --> 01:04:46.649 align:center line:74% position:44% size:78% ORGANIZATIONS THAT ADVOCATE FOR 01:04:46.649 --> 01:04:48.217 align:center line:74% position:36% size:73% THE CANNABIS INDUSTRY AND ITS 01:04:48.217 --> 01:04:48.451 align:center line:74% position:13% size:20% WORKERS. 01:04:48.451 --> 01:04:51.387 align:center line:74% position:50% size:80% AND I BELIEVE THAT THERE ARE TWO 01:04:51.387 --> 01:04:55.758 align:center line:74% position:44% size:78% CLEAR STAND OUTS HERE AND WOULD 01:04:55.758 --> 01:04:58.194 align:center line:74% position:36% size:73% MOST LIKELY COME DOWN TO UFCW 01:04:58.194 --> 01:04:59.328 align:center line:74% position:40% size:75% AND CRAFT CANNABIS COLLECTIVE. 01:04:59.328 --> 01:05:02.064 align:center line:74% position:36% size:73% WE HAVE TO HAVE FAIR AND EVEN 01:05:02.064 --> 01:05:05.268 align:center line:74% position:36% size:73% REPRESENTATION AND SO THAT IS 01:05:05.268 --> 01:05:07.203 align:center line:74% position:50% size:80% WHY THAT NUMBER IS TWO AND THESE 01:05:07.203 --> 01:05:08.004 align:center line:74% position:33% size:70% PEOPLE ARE IMPORTANT BECAUSE 01:05:08.004 --> 01:05:12.141 align:center line:74% position:50% size:80% THEY REPRESENT THE INDUSTRY AS A 01:05:12.141 --> 01:05:12.341 align:center line:74% position:12% size:15% WHOLE. 01:05:12.341 --> 01:05:14.377 align:center line:74% position:40% size:75% THEY'RE NOT OWNERS OR WORKERS. 01:05:14.377 --> 01:05:17.213 align:center line:74% position:40% size:75% THEY REPRESENT THE INTEREST OF 01:05:17.213 --> 01:05:18.881 align:center line:74% position:29% size:65% THE INDUSTRY AND THEY KNOW 01:05:18.881 --> 01:05:22.018 align:center line:74% position:40% size:75% WHAT'S HAPPENING AT A NATIONAL 01:05:22.018 --> 01:05:22.518 align:center line:74% position:12% size:15% LEVEL. 01:05:22.518 --> 01:05:25.454 align:center line:74% position:50% size:80% THEY CAN IDENTIFY BEST PRAK TESS 01:05:25.454 --> 01:05:31.027 align:center line:74% position:50% size:80% AND COME WITH SOME IDEAS FOR THE 01:05:31.027 --> 01:05:32.528 align:center line:74% position:40% size:75% NEEDS ASSESSMENT SO THAT'S WHY 01:05:32.528 --> 01:05:33.095 align:center line:74% position:29% size:65% IN INDUSTRY REPRESENTATION 01:05:33.095 --> 01:05:35.464 align:center line:74% position:50% size:80% CATEGORY IS IMPORTANT AND THAT'S 01:05:35.464 --> 01:05:38.434 align:center line:74% position:22% size:55% WHY THE NUMBER IS TWO. 01:05:38.434 --> 01:05:41.237 align:center line:74% position:31% size:68% I ALSO FELT STRONGLY AND WE 01:05:41.237 --> 01:05:45.308 align:center line:74% position:44% size:78% AGREED THAT THE PEOPLE WHO WILL 01:05:45.308 --> 01:05:46.008 align:center line:74% position:24% size:58% BE BENEFITTING FROM AND 01:05:46.008 --> 01:05:48.210 align:center line:74% position:21% size:53% IMPLEMENTING WHATEVER 01:05:48.210 --> 01:05:49.812 align:center line:74% position:44% size:78% RECOMMENDATIONS COME OUT OF THE 01:05:49.812 --> 01:05:51.113 align:center line:74% position:44% size:78% NEEDS ASSESSMENT BE REPRESENTED 01:05:51.113 --> 01:05:52.915 align:center line:74% position:44% size:78% AND I'M TALKING ABOUT EMPLOYEES 01:05:52.915 --> 01:05:53.783 align:center line:74% position:14% size:28% AND OWNERS. 01:05:53.783 --> 01:05:56.452 align:center line:74% position:36% size:73% THEY'RE THE ONES THAT WILL BE 01:05:56.452 --> 01:06:00.656 align:center line:74% position:29% size:65% LIVING DAY-TO-DAY WITH THE 01:06:00.656 --> 01:06:01.357 align:center line:74% position:44% size:78% IMPROVEMENTS THAT COME FORWARD. 01:06:01.357 --> 01:06:04.860 align:center line:74% position:33% size:70% THEY WILL ALSO STAND TO GAIN 01:06:04.860 --> 01:06:05.895 align:center line:74% position:29% size:65% FROM THE BENEFITS THAT ARE 01:06:05.895 --> 01:06:10.866 align:center line:74% position:50% size:80% PROVIDED IN THE OTHER TWO PIECES 01:06:10.866 --> 01:06:11.300 align:center line:74% position:16% size:38% OF LEGISLATION. 01:06:11.300 --> 01:06:13.636 align:center line:74% position:36% size:73% SO THIS CATEGORY IS TO AS YOU 01:06:13.636 --> 01:06:16.806 align:center line:74% position:27% size:63% CAN READ IT, TWO INDUSTRY 01:06:16.806 --> 01:06:18.074 align:center line:74% position:50% size:80% WORKERS, TWO BUSINESS OWNERS AND 01:06:18.074 --> 01:06:21.577 align:center line:74% position:31% size:68% THAT ALSO IS AN EVEN SPLIT. 01:06:21.577 --> 01:06:22.244 align:center line:74% position:22% size:55% THEN FINALLY, THE LAST 01:06:22.244 --> 01:06:23.412 align:center line:74% position:44% size:78% CATEGORIES THREE REPRESENTED IS 01:06:23.412 --> 01:06:25.081 align:center line:74% position:40% size:75% FROM THE COMMUNITIES THAT HAVE 01:06:25.081 --> 01:06:27.783 align:center line:74% position:44% size:78% BEEN HISTORICALLY HARMED BY THE 01:06:27.783 --> 01:06:30.453 align:center line:74% position:25% size:60% WAR ON DRUGS OR WHO HAVE 01:06:30.453 --> 01:06:32.855 align:center line:74% position:50% size:80% ADVOCATED FOR CANNABIS EQUITY IN 01:06:32.855 --> 01:06:33.155 align:center line:74% position:14% size:30% KING COUNTY. 01:06:33.155 --> 01:06:35.591 align:center line:74% position:36% size:73% AND WITH A PRIORITY FOR THOSE 01:06:35.591 --> 01:06:39.428 align:center line:74% position:31% size:68% THAT MEET THE SOCIAL EQUITY 01:06:39.428 --> 01:06:44.100 align:center line:74% position:44% size:78% CRITERIA ALREADY PUT FORWARD BY 01:06:44.100 --> 01:06:44.400 align:center line:74% position:13% size:25% THE STATE. 01:06:44.400 --> 01:06:46.102 align:center line:74% position:50% size:80% CLEARLY TRYING TO HAVE ALIGNMENT 01:06:46.102 --> 01:06:51.207 align:center line:74% position:36% size:73% WHAT'S BEEN DONE AT THE STATE 01:06:51.207 --> 01:06:52.341 align:center line:74% position:44% size:78% LEVEL AROUND IDENTIFYING EQUITY 01:06:52.341 --> 01:06:53.442 align:center line:74% position:33% size:70% PARTNERS, THE PEOPLE IN THIS 01:06:53.442 --> 01:06:55.177 align:center line:74% position:29% size:65% CATEGORY DO NOT HAVE TO BE 01:06:55.177 --> 01:06:59.882 align:center line:74% position:40% size:75% SOMEONE WHO IS TRYING TO GET A 01:06:59.882 --> 01:07:00.116 align:center line:74% position:13% size:20% LICENSE. 01:07:00.116 --> 01:07:03.018 align:center line:74% position:50% size:80% BUT THEY DO HAVE TO VIEW CLOSELY 01:07:03.018 --> 01:07:04.887 align:center line:74% position:24% size:58% TO THE CRITERIA WE HAVE 01:07:04.887 --> 01:07:08.824 align:center line:74% position:40% size:75% IDENTIFIED AND TRYING TO HELP. 01:07:08.824 --> 01:07:13.028 align:center line:74% position:36% size:73% SO THAT NUMBER IS THREE AND I 01:07:13.028 --> 01:07:15.431 align:center line:74% position:27% size:63% THINK THAT THIS IS A GOOD 01:07:15.431 --> 01:07:16.899 align:center line:74% position:40% size:75% REPRESENTATION OF THE INDUSTRY 01:07:16.899 --> 01:07:17.333 align:center line:74% position:14% size:28% IN GENERAL. 01:07:17.333 --> 01:07:22.038 align:center line:74% position:31% size:68% THEY CAN PUT FORWARD A WORK 01:07:22.038 --> 01:07:22.638 align:center line:74% position:36% size:73% SCOPE THAT WILL BE ROBUST AND 01:07:22.638 --> 01:07:22.772 align:center line:74% position:11% size:13% FAIR. 01:07:23.105 --> 01:07:24.807 align:center line:74% position:10% size:3% . 01:07:24.807 --> 01:07:25.841 align:center line:74% position:33% size:70% >> EXCELLENT, THANK YOU VERY 01:07:25.841 --> 01:07:26.542 align:center line:74% position:44% size:78% MUCH COUNCILMEMBER SARA NELSON. 01:07:26.542 --> 01:07:28.944 align:center line:74% position:44% size:78% I'LL JUST ADD TO THAT AND WE'LL 01:07:28.944 --> 01:07:30.513 align:center line:74% position:27% size:63% SEE IF THERE'S ADDITIONAL 01:07:30.513 --> 01:07:30.846 align:center line:74% position:15% size:33% QUESTIONINGS. 01:07:30.846 --> 01:07:32.348 align:center line:74% position:36% size:73% I WANT TO THANK COUNCILMEMBER 01:07:32.348 --> 01:07:37.119 align:center line:74% position:33% size:70% SARA NELSON FOR THE FEEDBACK 01:07:37.119 --> 01:07:40.890 align:center line:74% position:50% size:80% OVER THE LAST WEEK TO BE ABLE TO 01:07:40.890 --> 01:07:45.661 align:center line:74% position:40% size:75% FIND BALANCE IN THIS AMENDMENT 01:07:45.661 --> 01:07:49.465 align:center line:74% position:50% size:80% IS WHAT BOTH OF US INTEND TO DO. 01:07:49.465 --> 01:07:51.434 align:center line:74% position:29% size:65% THIS HAS THREE CATEGORIES, 01:07:51.434 --> 01:07:53.803 align:center line:74% position:44% size:78% BUSINESS REPRESENTATIVES, LABOR 01:07:53.803 --> 01:07:54.870 align:center line:74% position:36% size:73% REPRESENTATIVES AND COMMUNITY 01:07:54.870 --> 01:07:55.538 align:center line:74% position:24% size:58% REPRESENTATIVES EQUALLY 01:07:55.538 --> 01:07:55.805 align:center line:74% position:13% size:23% BALANCED. 01:07:55.805 --> 01:07:56.672 align:center line:74% position:24% size:58% THE IMPORTANT NOTE THAT 01:07:56.672 --> 01:07:58.441 align:center line:74% position:50% size:80% COUNCILMEMBER SARA NELSON PUT IN 01:07:58.441 --> 01:08:00.776 align:center line:74% position:40% size:75% THE FIRST SECTION THERE IN THE 01:08:00.776 --> 01:08:01.911 align:center line:74% position:29% size:65% AMENDMENT LANGUAGE IS THAT 01:08:01.911 --> 01:08:04.580 align:center line:74% position:40% size:75% IDEALLY THIS WOULD INCLUDE ONE 01:08:04.580 --> 01:08:07.116 align:center line:74% position:25% size:60% PERSON FROM THE INDUSTRY 01:08:07.116 --> 01:08:12.755 align:center line:74% position:29% size:65% ASSOCIATION AND ONE PERSON 01:08:12.755 --> 01:08:13.222 align:center line:74% position:21% size:53% REPRESENTING WORKERS. 01:08:13.222 --> 01:08:15.124 align:center line:74% position:25% size:60% THOSE TWO CATEGORIES ARE 01:08:15.124 --> 01:08:18.427 align:center line:74% position:29% size:65% COMPLIMENTED BY TWO WORKER 01:08:18.427 --> 01:08:19.161 align:center line:74% position:24% size:58% REPRESENTATIVES AND TWO 01:08:19.161 --> 01:08:20.896 align:center line:74% position:21% size:53% EMPLOYEER DEZ IG KNEE 01:08:20.896 --> 01:08:22.364 align:center line:74% position:44% size:78% REPRESENTATIVES MAKING THREE IN 01:08:22.364 --> 01:08:24.800 align:center line:74% position:44% size:78% EACH COLUMN AND COMPLIMENTED BY 01:08:24.800 --> 01:08:26.202 align:center line:74% position:31% size:68% THE THIRD CATEGORY OF THREE 01:08:26.202 --> 01:08:26.869 align:center line:74% position:50% size:80% COMMUNITY ORGANIZATIONS DIRECTLY 01:08:26.869 --> 01:08:30.005 align:center line:74% position:50% size:80% HARMED BY THE WAR ON DRUGS AND I 01:08:30.005 --> 01:08:31.407 align:center line:74% position:33% size:70% WOULD ALSO NOTE, BY THE PAST 01:08:31.407 --> 01:08:32.641 align:center line:74% position:44% size:78% POLICIES HERE IN SEATTLE WITHIN 01:08:32.641 --> 01:08:35.444 align:center line:74% position:44% size:78% THE LAST TEN YEARS SO PUTTING A 01:08:35.444 --> 01:08:37.413 align:center line:74% position:33% size:70% NOD TO OUR COLLEAGUES IN THE 01:08:37.413 --> 01:08:41.884 align:center line:74% position:50% size:80% AUDIENCE CALLING FOR DIRECT CALL 01:08:41.884 --> 01:08:43.886 align:center line:74% position:36% size:73% OUT FOR REPRESENTATION ON THE 01:08:43.886 --> 01:08:45.421 align:center line:74% position:44% size:78% ADVISORY BOARD HERE AS WELL AND 01:08:45.421 --> 01:08:46.522 align:center line:74% position:50% size:80% I THINK AGAIN COUNCILMEMBER SARA 01:08:46.522 --> 01:08:48.357 align:center line:74% position:36% size:73% NELSON FOR HER WORK TO STRIKE 01:08:48.357 --> 01:08:50.793 align:center line:74% position:40% size:75% THIS RIGHT BALANCE AND FOR THE 01:08:50.793 --> 01:08:52.294 align:center line:74% position:50% size:80% MAYOR'S OFFICE FOR CONTINUING TO 01:08:52.294 --> 01:08:52.895 align:center line:74% position:36% size:73% ECHO THE IMPORTANCE OF HAVING 01:08:52.895 --> 01:08:56.065 align:center line:74% position:40% size:75% THE RIGHT BALANCE FROM THE GET 01:08:56.065 --> 01:08:56.232 align:center line:74% position:11% size:8% GO. 01:08:56.232 --> 01:08:57.600 align:center line:74% position:33% size:70% THAT WAS THEIR INTENTION AND 01:08:57.600 --> 01:08:58.267 align:center line:74% position:29% size:65% THIS AMENDMENT REALLY JUST 01:08:58.267 --> 01:09:01.670 align:center line:74% position:44% size:78% BRINGS MORE OF THAT TO LIGHT SO 01:09:01.670 --> 01:09:02.471 align:center line:74% position:33% size:70% WE'RE ALL EMPHASIZING TO OUR 01:09:02.471 --> 01:09:04.740 align:center line:74% position:44% size:78% COMMUNITY PARTNERS WE'RE ON THE 01:09:04.740 --> 01:09:05.274 align:center line:74% position:16% size:38% SAME PAGE HERE. 01:09:05.274 --> 01:09:06.375 align:center line:74% position:29% size:65% COUNCILMEMBER SARA NELSON, 01:09:06.375 --> 01:09:07.443 align:center line:74% position:27% size:63% FOLLOW UP AND I DON'T SEE 01:09:07.443 --> 01:09:10.579 align:center line:74% position:40% size:75% ADDITIONAL HANDS SO WE GO TO A 01:09:10.579 --> 01:09:10.880 align:center line:74% position:11% size:13% VOTE. 01:09:10.880 --> 01:09:12.081 align:center line:74% position:40% size:75% >> I JUST WANTED TO UNDERSCORE 01:09:12.081 --> 01:09:14.683 align:center line:74% position:50% size:80% THE POINT YOU MADE THAT I FORGOT 01:09:14.683 --> 01:09:17.253 align:center line:74% position:36% size:73% TO MAKE WHICH IS PRECISELY IT 01:09:17.253 --> 01:09:20.322 align:center line:74% position:44% size:78% WAS PUBLIC COMMENT THE FIRST GO 01:09:20.322 --> 01:09:24.493 align:center line:74% position:44% size:78% AROUND AND THAT REALLY DID HONE 01:09:24.493 --> 01:09:26.328 align:center line:74% position:40% size:75% OUR INTEREST IN THIS CATEGORY. 01:09:26.328 --> 01:09:26.662 align:center line:74% position:15% size:33% >> THANK YOU. 01:09:26.662 --> 01:09:30.399 align:center line:74% position:50% size:80% AND THANKS TO OUR STAFF AS WELL. 01:09:30.399 --> 01:09:32.768 align:center line:74% position:36% size:73% I KNOW THEY HAD A BIG ROLE IN 01:09:32.768 --> 01:09:36.872 align:center line:74% position:31% size:68% THIS WITH GETTING COMMUNITY 01:09:36.872 --> 01:09:39.542 align:center line:74% position:31% size:68% FEEDBACK SO THANKS SO MUCH. 01:09:39.542 --> 01:09:43.078 align:center line:74% position:25% size:60% OKAY IT'S BEEN MOVED AND 01:09:43.078 --> 01:09:43.345 align:center line:74% position:13% size:23% SECONDED. 01:09:43.345 --> 01:09:45.714 align:center line:74% position:40% size:75% HEARING NO ADDITIONAL COMMENTS 01:09:45.714 --> 01:09:49.585 align:center line:74% position:22% size:55% MADAME CLERK THE ROLE. 01:09:49.585 --> 01:09:54.757 align:center line:74% position:40% size:75% >> COUNCILMEMBER LISA HERBOLD. 01:09:54.757 --> 01:09:55.090 align:center line:74% position:12% size:18% >> YES. 01:09:55.090 --> 01:10:03.065 align:center line:74% position:44% size:78% >> COUNCILMEMBER ALEX PEDERSEN. 01:10:03.065 --> 01:10:03.465 align:center line:74% position:12% size:18% >> YES. 01:10:03.465 --> 01:10:07.102 align:center line:74% position:36% size:73% >> COUNCILMEMBER SARA NELSON. 01:10:07.102 --> 01:10:09.738 align:center line:74% position:12% size:18% >> AYE. 01:10:09.738 --> 01:10:10.439 align:center line:74% position:29% size:65% >> COUNCILMEMBER ANDREW J. 01:10:10.439 --> 01:10:10.706 align:center line:74% position:12% size:15% LEWIS. 01:10:10.706 --> 01:10:10.940 align:center line:74% position:12% size:18% >> YES. 01:10:10.940 --> 01:10:13.108 align:center line:74% position:50% size:80% >> MA CAM CHAIR TERESA MOSQUEDA. 01:10:13.108 --> 01:10:14.310 align:center line:74% position:12% size:18% >> AYE. 01:10:14.310 --> 01:10:15.911 align:center line:74% position:33% size:70% >> THAT'S FIVE IF FAVOR NONE 01:10:15.911 --> 01:10:16.145 align:center line:74% position:13% size:20% OPPOSED. 01:10:16.145 --> 01:10:18.681 align:center line:74% position:50% size:80% >> WONDERFUL, THE MOTION CARRIES 01:10:18.681 --> 01:10:19.515 align:center line:74% position:36% size:73% AND THE AMENDMENT IS ADOPTED. 01:10:19.515 --> 01:10:21.450 align:center line:74% position:44% size:78% OKAY COUNCILMEMBER LISA HERBOLD 01:10:21.450 --> 01:10:24.153 align:center line:74% position:50% size:80% I BELIEVE THAT BRINGS US TO YOUR 01:10:24.153 --> 01:10:25.321 align:center line:74% position:22% size:55% AMENDMENT I'M HAPPY TO 01:10:25.321 --> 01:10:26.021 align:center line:74% position:22% size:55% CO-SPONSOR HERE TODAY. 01:10:26.021 --> 01:10:27.823 align:center line:74% position:31% size:68% WOULD YOU LIKE ME TO PUT IN 01:10:27.823 --> 01:10:32.861 align:center line:74% position:33% size:70% FRONT OF US FOR THE FOCUS OF 01:10:32.861 --> 01:10:33.162 align:center line:74% position:14% size:28% DISCUSSION? 01:10:33.162 --> 01:10:35.030 align:center line:74% position:44% size:78% >> OKAY I MOVE TO AMEND COUNCIL 01:10:35.030 --> 01:10:41.470 align:center line:74% position:40% size:75% BILL AS PRESENTED IN AMENDMENT 01:10:41.470 --> 01:10:43.272 align:center line:74% position:40% size:75% NUMBER FIVE IS THERE A SECOND? 01:10:43.272 --> 01:10:47.042 align:center line:74% position:10% size:3% ? 01:10:47.042 --> 01:10:47.476 align:center line:74% position:12% size:18% >> YES. 01:10:47.476 --> 01:10:48.978 align:center line:74% position:20% size:50% >> I HEARD A SECOND. 01:10:48.978 --> 01:10:51.413 align:center line:74% position:40% size:75% IT HAS BEEN MOVED AND SECONDED 01:10:51.413 --> 01:10:52.247 align:center line:74% position:40% size:75% AND COUNCILMEMBER LISA HERBOLD 01:10:52.247 --> 01:10:55.084 align:center line:74% position:44% size:78% PRIME SPONSOR WOULD YOU LIKE TO 01:10:55.084 --> 01:10:57.353 align:center line:74% position:14% size:30% SPEAK TO IT? 01:10:57.353 --> 01:11:02.024 align:center line:74% position:40% size:75% >> PERFECT, THANK YOU SO MUCH. 01:11:02.024 --> 01:11:06.829 align:center line:74% position:29% size:65% THE AMENDMENT SIMPLY AGAIN 01:11:06.829 --> 01:11:07.730 align:center line:74% position:44% size:78% RECOGNIZES THAT THE LANGUAGE AS 01:11:07.730 --> 01:11:09.198 align:center line:74% position:50% size:80% ORIGINALLY PROPOSED DID NOT HAVE 01:11:09.198 --> 01:11:13.102 align:center line:74% position:36% size:73% EVERYBODY AT THE TABLE TO WHO 01:11:13.102 --> 01:11:14.169 align:center line:74% position:20% size:50% NEEDS TO BE IN THESE 01:11:14.169 --> 01:11:15.437 align:center line:74% position:14% size:30% DISCUSSIONS. 01:11:15.437 --> 01:11:17.373 align:center line:74% position:44% size:78% WE HAVE COMMUNITY ORGANIZATIONS 01:11:17.373 --> 01:11:21.677 align:center line:74% position:31% size:68% THAT ARE DOING AMAZING WORK 01:11:21.677 --> 01:11:26.015 align:center line:74% position:36% size:73% AROUND HELPING FOLKS WHO HAVE 01:11:26.015 --> 01:11:28.951 align:center line:74% position:44% size:78% LIVED EXPERIENCES IN THE WAR ON 01:11:28.951 --> 01:11:35.824 align:center line:74% position:29% size:65% DRUGS THAT ARE DOING AGAIN 01:11:35.824 --> 01:11:36.458 align:center line:74% position:31% size:68% AMAZING WORK HELPING PEOPLE 01:11:36.458 --> 01:11:36.925 align:center line:74% position:13% size:23% NAVIGATE. 01:11:36.925 --> 01:11:38.093 align:center line:74% position:40% size:75% THEIR DISENTANGLEMENT WITH THE 01:11:38.093 --> 01:11:39.528 align:center line:74% position:40% size:75% CRIMINAL LEGAL SYSTEM AND THEY 01:11:39.528 --> 01:11:42.598 align:center line:74% position:50% size:80% REALLY MUST BE AT THE TABLE WHEN 01:11:42.598 --> 01:11:45.634 align:center line:74% position:36% size:73% WE ARE LOOKING AT HOW TO MOVE 01:11:45.634 --> 01:11:48.904 align:center line:74% position:40% size:75% THIS WORK FURTHER SPECIFICALLY 01:11:48.904 --> 01:11:50.572 align:center line:74% position:20% size:50% AS IT RELATES TO THE 01:11:50.572 --> 01:11:55.277 align:center line:74% position:50% size:80% EX-SPONGEMENT OF RECORDS SO THIS 01:11:55.277 --> 01:11:58.180 align:center line:74% position:50% size:80% IS AN AMENDMENT THAT IS INTENDED 01:11:58.180 --> 01:12:00.749 align:center line:74% position:36% size:73% TO SPECIFY THAT THE CITY WILL 01:12:00.749 --> 01:12:03.986 align:center line:74% position:50% size:80% PARTNER WITH KING COUNTY AS WELL 01:12:03.986 --> 01:12:05.054 align:center line:74% position:27% size:63% AS COMMUNITIES NEGATIVELY 01:12:05.054 --> 01:12:06.755 align:center line:74% position:50% size:80% IMPACTED BY THE WAR ON DRUGS AND 01:12:06.755 --> 01:12:10.259 align:center line:74% position:40% size:75% THOSE WITH LIVED EXPERIENCE IN 01:12:10.259 --> 01:12:11.493 align:center line:74% position:33% size:70% THE CRIMINAL JUSTICE SYSTEM. 01:12:11.493 --> 01:12:11.827 align:center line:74% position:15% size:33% >> EXCELLENT. 01:12:11.827 --> 01:12:13.262 align:center line:74% position:20% size:50% THANK YOU VERY MUCH. 01:12:13.262 --> 01:12:15.364 align:center line:74% position:16% size:38% I WILL JUMP IN. 01:12:15.364 --> 01:12:16.098 align:center line:74% position:36% size:73% I DON'T SEE ADDITIONAL HANDS. 01:12:16.098 --> 01:12:18.033 align:center line:74% position:19% size:48% I WANT TO THANK YOU 01:12:18.033 --> 01:12:20.302 align:center line:74% position:40% size:75% COUNCILMEMBER LISA HERBOLD FOR 01:12:20.302 --> 01:12:22.104 align:center line:74% position:40% size:75% INCLUDING THE LANGUAGE HERE TO 01:12:22.104 --> 01:12:24.273 align:center line:74% position:44% size:78% REALLY FOCUS TO MAKE SURE WE'RE 01:12:24.273 --> 01:12:28.344 align:center line:74% position:29% size:65% CENTERING THOSE WITH LIVED 01:12:28.344 --> 01:12:29.745 align:center line:74% position:29% size:65% EXPERIENCE IN THE CRIMINAL 01:12:29.745 --> 01:12:33.115 align:center line:74% position:50% size:80% JUSTICE SYSTEM SO WE'RE INSURING 01:12:33.115 --> 01:12:36.719 align:center line:74% position:50% size:80% FOLKS ARE ABLE TO BE CENTERED IN 01:12:36.719 --> 01:12:40.389 align:center line:74% position:40% size:75% THESE DISCUSSIONS AS WE INSURE 01:12:40.389 --> 01:12:43.092 align:center line:74% position:50% size:80% TRUE EXSPONGSMENT OCCURS AND I'M 01:12:43.092 --> 01:12:45.728 align:center line:74% position:24% size:58% HONORD TO BE LISTED AAS 01:12:45.728 --> 01:12:46.562 align:center line:74% position:25% size:60% COSPONSOR ANY ADDITIONAL 01:12:46.562 --> 01:12:46.829 align:center line:74% position:13% size:23% COMMENTS? 01:12:46.829 --> 01:12:48.797 align:center line:74% position:44% size:78% OKAY I THINK THAT WILL SERVE AS 01:12:48.797 --> 01:12:51.033 align:center line:74% position:44% size:78% CLOSING AND STARTING AND MADAME 01:12:51.033 --> 01:12:53.869 align:center line:74% position:50% size:80% CLERK, COULD YOU PLEASE CALL THE 01:12:53.869 --> 01:12:59.441 align:center line:74% position:24% size:58% ROLE ON THE ADOPTION OF 01:12:59.441 --> 01:13:00.676 align:center line:74% position:22% size:55% AMENDMENT NUMBER FIVE? 01:13:00.676 --> 01:13:05.848 align:center line:74% position:40% size:75% >> COUNCILMEMBER LISA HERBOLD. 01:13:05.848 --> 01:13:06.081 align:center line:74% position:12% size:18% >> YES. 01:13:06.081 --> 01:13:07.249 align:center line:74% position:44% size:78% >> COUNCILMEMBER ALEX PEDERSEN. 01:13:07.249 --> 01:13:11.787 align:center line:74% position:14% size:28% >> ABSTAIN. 01:13:11.787 --> 01:13:21.797 align:center line:74% position:33% size:70% >> COUNCILMEMBER SARA NELSON 01:13:21.797 --> 01:13:23.432 align:center line:74% position:13% size:20% ABSTAIN. 01:13:23.432 --> 01:13:24.800 align:center line:74% position:50% size:80% >> COUNCILMEMBER ANDREW J. LEWIS 01:13:24.800 --> 01:13:25.000 align:center line:74% position:12% size:15% LEWIS. 01:13:25.000 --> 01:13:27.703 align:center line:74% position:12% size:18% >> YES. 01:13:27.703 --> 01:13:27.970 align:center line:74% position:13% size:23% MOSQUEDA. 01:13:27.970 --> 01:13:28.203 align:center line:74% position:12% size:18% >> AYE. 01:13:28.203 --> 01:13:31.440 align:center line:74% position:44% size:78% >> MADAME CHAIR THAT'S THREE IN 01:13:31.440 --> 01:13:32.141 align:center line:74% position:19% size:48% FAVOR, TWO ABSTAIN. 01:13:32.141 --> 01:13:34.309 align:center line:74% position:50% size:80% >> THANK YOU VERY MUCH WITH THAT 01:13:34.309 --> 01:13:38.514 align:center line:74% position:50% size:80% THE MOTION CARRIES AND AMENDMENT 01:13:38.514 --> 01:13:39.047 align:center line:74% position:24% size:58% NUMBER FIVE IS ADOPTED. 01:13:39.047 --> 01:13:39.715 align:center line:74% position:50% size:80% OKAY, COUNCILMEMBER SARA NELSON, 01:13:39.715 --> 01:13:42.951 align:center line:74% position:36% size:73% I AM GOING TO TURN IT TO YOU. 01:13:42.951 --> 01:13:44.686 align:center line:74% position:44% size:78% YOU DID HAVE AMENDMENTS SIX AND 01:13:44.686 --> 01:13:45.387 align:center line:74% position:15% size:35% SEVEN UP NEXT. 01:13:45.387 --> 01:13:47.856 align:center line:74% position:33% size:70% WOULD YOU LIKE TO PROVIDE US 01:13:47.856 --> 01:13:52.895 align:center line:74% position:50% size:80% WITH AN UPDATE ON THE AMENDMENTS 01:13:52.895 --> 01:13:53.262 align:center line:74% position:15% size:35% YOU SUGGESTED? 01:13:53.262 --> 01:13:56.865 align:center line:74% position:24% size:58% >> I HAVE WITHDRAWN THE 01:13:56.865 --> 01:13:58.367 align:center line:74% position:19% size:48% AMENDMENTS FOR NOW. 01:13:58.367 --> 01:13:59.635 align:center line:74% position:31% size:68% AND I EMAILED STAFF AND THE 01:13:59.635 --> 01:14:03.605 align:center line:74% position:50% size:80% MAYOR'S OFFICE AND YOUR STAFF AS 01:14:03.605 --> 01:14:03.806 align:center line:74% position:11% size:13% WELL. 01:14:03.806 --> 01:14:04.339 align:center line:74% position:13% size:20% >> OKAY. 01:14:04.339 --> 01:14:04.740 align:center line:74% position:13% size:25% EXCELLENT. 01:14:04.740 --> 01:14:06.675 align:center line:74% position:25% size:60% THANK YOU FOR THE RECORD 01:14:06.675 --> 01:14:09.278 align:center line:74% position:36% size:73% COUNCILMEMBER SARA NELSON HAS 01:14:09.278 --> 01:14:14.716 align:center line:74% position:50% size:80% WITHDRAWN AMENDMENTED NUMBER SIX 01:14:14.716 --> 01:14:15.451 align:center line:74% position:13% size:25% AND SEVEN. 01:14:15.451 --> 01:14:15.651 align:center line:74% position:11% size:13% OKAY. 01:14:15.651 --> 01:14:18.220 align:center line:74% position:31% size:68% AMY, DID WE GET THROUGH THE 01:14:18.220 --> 01:14:20.689 align:center line:74% position:44% size:78% AMENDMENTS FOR THIS FIRST PIECE 01:14:20.689 --> 01:14:21.023 align:center line:74% position:15% size:35% O LEGISLATION? 01:14:21.156 --> 01:14:23.892 align:center line:74% position:40% size:75% THINK IT'S READY FOR A VOTE ON 01:14:23.892 --> 01:14:24.827 align:center line:74% position:33% size:70% THE AMENDED LEGISLATION NOW. 01:14:24.827 --> 01:14:25.661 align:center line:74% position:33% size:70% >> WONDERFUL SO COLLEAGUES I 01:14:25.661 --> 01:14:30.032 align:center line:74% position:44% size:78% WANT TO THANK YOU AGAIN FOR THE 01:14:30.032 --> 01:14:32.000 align:center line:74% position:22% size:55% COLLECTIVE WORK ON THE 01:14:32.000 --> 01:14:35.804 align:center line:74% position:40% size:75% LEGISLATION WE HAVE AND REALLY 01:14:35.804 --> 01:14:38.006 align:center line:74% position:50% size:80% AGAIN UNDERSCORE OUR SUPPORT FOR 01:14:38.006 --> 01:14:40.475 align:center line:74% position:33% size:70% THE COMMUNITY DRIVEN PROCESS 01:14:40.475 --> 01:14:42.177 align:center line:74% position:31% size:68% THAT THE MAYOR'S OFFICE HAD 01:14:42.177 --> 01:14:42.544 align:center line:74% position:15% size:35% EMBARKED UPON. 01:14:42.878 --> 01:14:53.155 align:center line:74% position:19% size:48% I REALLY APPRECIATE 01:14:53.422 --> 01:14:54.923 align:center line:74% position:36% size:73% THAT WE HAVE FOUND A PATH WAY 01:14:54.923 --> 01:14:56.892 align:center line:74% position:40% size:75% FORWARD ON SOME OF THESE ITEMS 01:14:56.892 --> 01:14:58.227 align:center line:74% position:50% size:80% AND I THINK THAT THE LEGISLATION 01:14:58.227 --> 01:14:59.027 align:center line:74% position:29% size:65% IS STRONGER BECAUSE OF IT. 01:14:59.027 --> 01:15:01.463 align:center line:74% position:36% size:73% SO THANK YOU FOR THE WORK YOU 01:15:01.463 --> 01:15:03.432 align:center line:74% position:36% size:73% HAVE DONE ON THIS LEGISLATION 01:15:03.432 --> 01:15:06.268 align:center line:74% position:50% size:80% AND I DO WANT TO THANK THE BROAD 01:15:06.268 --> 01:15:08.136 align:center line:74% position:31% size:68% ARRAY OF COMMUNITY PARTNERS 01:15:08.136 --> 01:15:13.408 align:center line:74% position:25% size:60% CONTINUING TO TESTIFY IN 01:15:13.408 --> 01:15:13.642 align:center line:74% position:13% size:20% SUPPORT. 01:15:13.642 --> 01:15:15.477 align:center line:74% position:40% size:75% WE DO HAVE COUNCIL BILL 120391 01:15:15.477 --> 01:15:17.913 align:center line:74% position:29% size:65% AS AMENDED IN FRONT OF US. 01:15:17.913 --> 01:15:24.786 align:center line:74% position:24% size:58% IS THERE ANY ADDITIONAL 01:15:24.786 --> 01:15:25.053 align:center line:74% position:13% size:23% COMMENTS? 01:15:25.053 --> 01:15:25.654 align:center line:74% position:40% size:75% COUNCILMEMBER ALEX PEDERSEN GO 01:15:25.654 --> 01:15:25.854 align:center line:74% position:12% size:15% AHEAD. 01:15:25.854 --> 01:15:27.823 align:center line:74% position:27% size:63% >> THANK YOU CHAIR TERESA 01:15:27.823 --> 01:15:28.090 align:center line:74% position:13% size:23% MOSQUEDA. 01:15:28.090 --> 01:15:29.658 align:center line:74% position:50% size:80% I SUPPORT THE EQUITABLE GOALS OF 01:15:29.658 --> 01:15:31.260 align:center line:74% position:21% size:53% THESE THREE PIECES OF 01:15:31.260 --> 01:15:31.560 align:center line:74% position:14% size:30% LEGISLATION. 01:15:31.560 --> 01:15:32.661 align:center line:74% position:40% size:75% REALLY A FULL PACKAGE HERE FOR 01:15:32.661 --> 01:15:35.430 align:center line:74% position:50% size:80% EQUITY AND I PLAN TO SUPPORT THE 01:15:35.430 --> 01:15:37.699 align:center line:74% position:44% size:78% OTHER TWO PIECES OF LEGISLATION 01:15:37.699 --> 01:15:39.234 align:center line:74% position:17% size:40% BEFORE US TODAY. 01:15:39.234 --> 01:15:41.703 align:center line:74% position:25% size:60% WHILE I SUPPORT NUMEROUS 01:15:41.703 --> 01:15:43.238 align:center line:74% position:36% size:73% SECTIONS OF THIS COUNCIL BILL 01:15:43.238 --> 01:15:46.275 align:center line:74% position:40% size:75% 120391 I'M CONCERNED ABOUT HOW 01:15:46.275 --> 01:15:48.944 align:center line:74% position:29% size:65% THE BILL WAS SUBSTANTIALLY 01:15:48.944 --> 01:15:51.446 align:center line:74% position:40% size:75% MODIFIED AND THE NEUTRALITY OF 01:15:51.446 --> 01:15:52.781 align:center line:74% position:33% size:70% THE NEEDS ASSESSMENT AND THE 01:15:52.781 --> 01:15:53.682 align:center line:74% position:33% size:70% LEGISLATION FROM THE MAYOR'S 01:15:53.682 --> 01:15:56.151 align:center line:74% position:36% size:73% OFFICE HAS BEEN CHANGED AND I 01:15:56.151 --> 01:15:57.452 align:center line:74% position:36% size:73% DON'T THINK THE AMENDMENT HAS 01:15:57.452 --> 01:16:00.055 align:center line:74% position:33% size:70% MADE IT BETTER FOR THE NEEDS 01:16:00.055 --> 01:16:02.925 align:center line:74% position:24% size:58% ASSESSMENT, I BELIEVE A 01:16:02.925 --> 01:16:06.495 align:center line:74% position:24% size:58% COMPETITIVE REQUEST FOR 01:16:06.495 --> 01:16:08.964 align:center line:74% position:44% size:78% PROPOSALS PROCESS SHOULD SELECT 01:16:08.964 --> 01:16:10.499 align:center line:74% position:36% size:73% AN OBJECTIVE NEUTRAL ACADEMIC 01:16:10.499 --> 01:16:12.167 align:center line:74% position:29% size:65% INSTITUTION SO DUE TO THIS 01:16:12.167 --> 01:16:14.436 align:center line:74% position:36% size:73% SUBSTANTIAL I NEED TO VOTE NO 01:16:14.436 --> 01:16:16.805 align:center line:74% position:44% size:78% TODAY PERHAPS IT CAN BE FURTHER 01:16:16.805 --> 01:16:17.806 align:center line:74% position:50% size:80% MODIFIED BEFORE THE FULL COUNCIL 01:16:17.806 --> 01:16:19.474 align:center line:74% position:50% size:80% VOTE AND WHILE I'LL BE VOTING NO 01:16:19.474 --> 01:16:23.645 align:center line:74% position:50% size:80% ON THIS BILL I WILL VOTE YES FOR 01:16:23.645 --> 01:16:25.147 align:center line:74% position:21% size:53% THE OTHER TWO PIECES. 01:16:25.147 --> 01:16:28.583 align:center line:74% position:13% size:20% >> OKAY. 01:16:28.583 --> 01:16:29.818 align:center line:74% position:50% size:80% COUNCILMEMBER SARA NELSON PLEASE 01:16:29.818 --> 01:16:31.386 align:center line:74% position:13% size:23% GO AHEAD. 01:16:31.386 --> 01:16:34.523 align:center line:74% position:27% size:63% >> IF I COULD SAY DIDO TO 01:16:34.523 --> 01:16:36.124 align:center line:74% position:36% size:73% COUNCILMEMBER ALEX PEDERSEN I 01:16:36.124 --> 01:16:36.325 align:center line:74% position:12% size:15% WOULD. 01:16:36.325 --> 01:16:37.359 align:center line:74% position:33% size:70% BUT BASICALLY I BELIEVE THAT 01:16:37.359 --> 01:16:38.827 align:center line:74% position:25% size:60% YES, THERE ARE MANY GOOD 01:16:38.827 --> 01:16:41.964 align:center line:74% position:36% size:73% MEASURES AND I'M REALLY SORRY 01:16:41.964 --> 01:16:43.999 align:center line:74% position:44% size:78% FOR HAVING WORKED SO DILIGENTLY 01:16:43.999 --> 01:16:45.300 align:center line:74% position:40% size:75% IN SUCH GOOD FAITH WITH YOU ON 01:16:45.300 --> 01:16:48.203 align:center line:74% position:31% size:68% THE MAKE UP OF THE ADVISORY 01:16:48.203 --> 01:16:53.909 align:center line:74% position:36% size:73% COUNCIL BUT I DO BELIEVE THAT 01:16:53.909 --> 01:16:57.412 align:center line:74% position:50% size:80% THE VOICES OF COMMUNITY WERE NOT 01:16:57.412 --> 01:17:03.318 align:center line:74% position:36% size:73% HEARD IN THE FORMATION OF THE 01:17:03.318 --> 01:17:04.786 align:center line:74% position:31% size:68% NEEDS ASSESSMENT AMENDMENT. 01:17:04.786 --> 01:17:08.423 align:center line:74% position:36% size:73% AND SO I WILL BE VOTING NO ON 01:17:08.423 --> 01:17:09.658 align:center line:74% position:50% size:80% PROCESS GROUNDS AND PERHAPS THAT 01:17:09.658 --> 01:17:13.095 align:center line:74% position:36% size:73% WE CAN WORK TOGETHER OVER THE 01:17:13.095 --> 01:17:16.431 align:center line:74% position:50% size:80% NEXT MONTH OR SO TO WORK TOWARDS 01:17:16.431 --> 01:17:20.902 align:center line:74% position:44% size:78% A NEEDS ASSESSMENT THAT'S TRULY 01:17:20.902 --> 01:17:25.207 align:center line:74% position:36% size:73% REFLECTIVE OF COMMUNITY NEEDS 01:17:25.207 --> 01:17:26.575 align:center line:74% position:27% size:63% AND ALSO NEUTRAL ACADEMIC 01:17:26.575 --> 01:17:27.576 align:center line:74% position:27% size:63% ENTITIES DOING THIS WORK. 01:17:27.576 --> 01:17:28.610 align:center line:74% position:50% size:80% >> COUNCILMEMBER LISA HERBOLD GO 01:17:28.610 --> 01:17:28.844 align:center line:74% position:12% size:15% AHEAD. 01:17:28.844 --> 01:17:31.046 align:center line:74% position:40% size:75% >> THANKS, I WANT TO STATE FOR 01:17:31.046 --> 01:17:36.618 align:center line:74% position:44% size:78% THE RECORD THAT WE WERE TOLD BY 01:17:36.618 --> 01:17:38.620 align:center line:74% position:40% size:75% THE EXECUTIVE I BELIEVE THOMAS 01:17:38.620 --> 01:17:39.755 align:center line:74% position:44% size:78% AND DAN EDER AND THEY CONFIRMED 01:17:39.755 --> 01:17:41.790 align:center line:74% position:40% size:75% THE PROCESS WOULD BE USING FOR 01:17:41.790 --> 01:17:43.191 align:center line:74% position:40% size:75% THE NEEDS ASSESSMENT WOULD NOT 01:17:43.191 --> 01:17:44.960 align:center line:74% position:50% size:80% BE A SOLE SOURCE CONTRACT AND IT 01:17:44.960 --> 01:17:47.062 align:center line:74% position:25% size:60% WOULD BE THE RESULT OF A 01:17:47.062 --> 01:17:47.462 align:center line:74% position:17% size:40% COMPETITIVE RFP. 01:17:47.462 --> 01:17:48.663 align:center line:74% position:36% size:73% THAT'S IMPORTANT TO NOTE, FOR 01:17:48.663 --> 01:17:49.131 align:center line:74% position:14% size:28% THE RECORD. 01:17:49.131 --> 01:17:51.033 align:center line:74% position:44% size:78% THAT WAS THE COMMITMENT MADE TO 01:17:51.033 --> 01:17:52.601 align:center line:74% position:24% size:58% US IN THE LAST MEETING. 01:17:52.601 --> 01:17:53.201 align:center line:74% position:22% size:55% >> THANK YOU VERY MUCH 01:17:53.201 --> 01:17:54.670 align:center line:74% position:44% size:78% COUNCILMEMBER, LISA HERBOLD AND 01:17:54.670 --> 01:17:55.037 align:center line:74% position:16% size:38% THAT'S CORRECT. 01:17:55.037 --> 01:17:57.039 align:center line:74% position:24% size:58% I WANT TO LIFT THAT UP. 01:17:57.039 --> 01:17:58.607 align:center line:74% position:31% size:68% I SPECIFICALLY ASKED ON THE 01:17:58.607 --> 01:17:59.307 align:center line:74% position:27% size:63% RECORD EVEN WITH THE LAST 01:17:59.307 --> 01:18:01.777 align:center line:74% position:40% size:75% AMENDMENT WE HAD IF THIS WOULD 01:18:01.777 --> 01:18:02.978 align:center line:74% position:36% size:73% BE A COMPETITIVE PROCESS THAT 01:18:02.978 --> 01:18:05.380 align:center line:74% position:36% size:73% WOULD BE DIFFERENCE SHL TO AN 01:18:05.380 --> 01:18:06.815 align:center line:74% position:40% size:75% RFP THROUGH THE MAYOR'S OFFICE 01:18:06.815 --> 01:18:09.351 align:center line:74% position:40% size:75% AND THE ANSWER WAS YES FOR DAN 01:18:09.351 --> 01:18:13.455 align:center line:74% position:50% size:80% EBER SO LET THE RECORD SHOW THIS 01:18:13.455 --> 01:18:15.323 align:center line:74% position:40% size:75% IS A NEUTRAL ASSESSMENT OF WHO 01:18:15.323 --> 01:18:19.561 align:center line:74% position:50% size:80% GETS TO PARTICIPATE ON THE NEEDS 01:18:19.561 --> 01:18:20.695 align:center line:74% position:40% size:75% AASSESSMENT AND CENTERING THIS 01:18:20.695 --> 01:18:22.230 align:center line:74% position:29% size:65% WITH ACADEMIC INSTITUTIONS 01:18:22.230 --> 01:18:23.999 align:center line:74% position:36% size:73% INSURE ORGANIZATIONS WHO HAVE 01:18:23.999 --> 01:18:26.201 align:center line:74% position:40% size:75% THE WORK IN THIS ARENA IS VERY 01:18:26.201 --> 01:18:27.536 align:center line:74% position:24% size:58% RELEVANT AND INCREDIBLY 01:18:27.536 --> 01:18:29.704 align:center line:74% position:36% size:73% IMPORTANT TO MAKE SURE THAT A 01:18:29.704 --> 01:18:30.338 align:center line:74% position:36% size:73% NEEDS ASSESSMENT DOES INCLUDE 01:18:30.338 --> 01:18:32.641 align:center line:74% position:44% size:78% WORKERS AT THE TABLE AS WELL AS 01:18:32.641 --> 01:18:34.943 align:center line:74% position:44% size:78% BUSINESSES SO THERE'S NO HIDING 01:18:34.943 --> 01:18:35.944 align:center line:74% position:17% size:43% OF THE BALL HERE. 01:18:35.944 --> 01:18:38.013 align:center line:74% position:44% size:78% WE ARE INCREDIBLY EXCITED ABOUT 01:18:38.013 --> 01:18:39.581 align:center line:74% position:44% size:78% THE OPPORTUNITY TO BRING PEOPLE 01:18:39.581 --> 01:18:40.716 align:center line:74% position:29% size:65% TO THE TABLE TO PROVIDE AN 01:18:40.716 --> 01:18:42.851 align:center line:74% position:50% size:80% ASSESSMENT OF WHAT WE NEED TO DO 01:18:42.851 --> 01:18:46.488 align:center line:74% position:25% size:60% IN THIS CATEGORY AND THE 01:18:46.488 --> 01:18:47.856 align:center line:74% position:40% size:75% RHETORIC IS FRANKLY DI VISIVE, 01:18:47.856 --> 01:18:49.891 align:center line:74% position:40% size:75% NOT HELPFUL AND ALREADY TRYING 01:18:49.891 --> 01:18:53.161 align:center line:74% position:40% size:75% TO PULL COMMUNITIES APART THAT 01:18:53.161 --> 01:18:54.463 align:center line:74% position:40% size:75% ARE ALREADY DISPORTION NATALIE 01:18:54.463 --> 01:18:57.666 align:center line:74% position:40% size:75% HARMED BY THE WAR ON DRUGS YES 01:18:57.666 --> 01:19:04.873 align:center line:74% position:40% size:75% BUT ALSO BY BEING PULLED APART 01:19:04.873 --> 01:19:06.141 align:center line:74% position:29% size:65% WITHIN ALREADY DIVERSE AND 01:19:06.141 --> 01:19:07.109 align:center line:74% position:36% size:73% COMPLEX SITUATIONS WHERE MANY 01:19:07.109 --> 01:19:08.243 align:center line:74% position:31% size:68% BUSINESS LICENSES HAVE BEEN 01:19:08.243 --> 01:19:09.478 align:center line:74% position:31% size:68% REMOVED FROM FOLKS AND MANY 01:19:09.478 --> 01:19:11.179 align:center line:74% position:50% size:80% WORKERS ARE IN HARM'S WAY AND WE 01:19:11.179 --> 01:19:14.149 align:center line:74% position:44% size:78% WANT TO DO EVERYTHING WE CAN TO 01:19:14.149 --> 01:19:15.917 align:center line:74% position:22% size:55% BRING PEOPLE TOGETHER. 01:19:15.917 --> 01:19:17.452 align:center line:74% position:31% size:68% THAT'S WHAT IT'S ALL ABOUT. 01:19:17.452 --> 01:19:22.457 align:center line:74% position:40% size:75% WITH THAT WE'RE READY TO VOTE. 01:19:22.457 --> 01:19:24.659 align:center line:74% position:40% size:75% WE HAVE COUNCIL BILL 120391 AS 01:19:24.659 --> 01:19:28.230 align:center line:74% position:29% size:65% AMENDED IN FRONT OF US ANY 01:19:28.230 --> 01:19:28.930 align:center line:74% position:20% size:50% ADDITIONAL COMMENTS? 01:19:28.930 --> 01:19:30.132 align:center line:74% position:36% size:73% COUNCILMEMBER SARA NELSON AND 01:19:30.132 --> 01:19:30.799 align:center line:74% position:33% size:70% COUNCILMEMBER ALEX PEDERSEN. 01:19:30.799 --> 01:19:31.399 align:center line:74% position:40% size:75% >> COUNCILMEMBER COUNCILMEMBER 01:19:31.399 --> 01:19:33.368 align:center line:74% position:36% size:73% ALEX PEDERSEN HAD HIS HAND UP 01:19:33.368 --> 01:19:34.703 align:center line:74% position:16% size:38% FIRST GO AHEAD. 01:19:34.703 --> 01:19:36.204 align:center line:74% position:18% size:45% >> YES, THANK YOU. 01:19:36.204 --> 01:19:37.005 align:center line:74% position:27% size:63% GLAD THAT THE COMPETITIVE 01:19:37.005 --> 01:19:41.643 align:center line:74% position:50% size:80% REQUESTS FOR PROPOSAL WAS PUT ON 01:19:41.643 --> 01:19:42.577 align:center line:74% position:14% size:28% THE RECORD. 01:19:42.577 --> 01:19:44.379 align:center line:74% position:25% size:60% I WAS SAYING COMPETITIVE 01:19:44.379 --> 01:19:46.047 align:center line:74% position:21% size:53% REQUESTS FOR ACADEMIC 01:19:46.047 --> 01:19:48.283 align:center line:74% position:50% size:80% INSTITUTIONS ONLY, THAT'S WHAT I 01:19:48.283 --> 01:19:48.483 align:center line:74% position:12% size:15% MEANT. 01:19:48.483 --> 01:19:49.151 align:center line:74% position:44% size:78% AND ALSO THE ADVISORY COMMITTEE 01:19:49.151 --> 01:19:50.318 align:center line:74% position:40% size:75% IS WHERE EVERYBODY WOULD BE AT 01:19:50.318 --> 01:19:55.123 align:center line:74% position:33% size:70% THE TABLE SO I'M GLAD TO SEE 01:19:55.123 --> 01:19:58.026 align:center line:74% position:44% size:78% THAT THE ADVISORY COMMITTEE WAS 01:19:58.026 --> 01:19:58.894 align:center line:74% position:13% size:23% INCLUDED. 01:19:58.894 --> 01:19:59.327 align:center line:74% position:13% size:25% THANK YOU. 01:19:59.327 --> 01:20:00.595 align:center line:74% position:40% size:75% >> THANK YOU FOR YOUR SUPPORT. 01:20:00.595 --> 01:20:01.530 align:center line:74% position:29% size:65% COUNCILMEMBER SARA NELSON. 01:20:01.530 --> 01:20:04.666 align:center line:74% position:31% size:68% >> THIS IS A FOLLOW UP FROM 01:20:04.666 --> 01:20:05.467 align:center line:74% position:33% size:70% COUNCILMEMBER LISA HERBOLD'S 01:20:05.467 --> 01:20:07.335 align:center line:74% position:36% size:73% POINT THAT WEZ YES THERE'S AN 01:20:07.335 --> 01:20:10.272 align:center line:74% position:44% size:78% RFP BUT CONTINUING WITH MY LINE 01:20:10.272 --> 01:20:12.774 align:center line:74% position:33% size:70% OF QUESTIONS, WHAT NONPROFTS 01:20:12.774 --> 01:20:14.376 align:center line:74% position:21% size:53% ARE WE TALKING ABOUT? 01:20:14.376 --> 01:20:15.310 align:center line:74% position:36% size:73% IF THERE AREN'T MORE THAN ONE 01:20:15.310 --> 01:20:18.280 align:center line:74% position:36% size:73% NONPROFIT THAT IS GOING TO DO 01:20:18.280 --> 01:20:19.447 align:center line:74% position:22% size:55% THIS WORK, THAT IS NOT 01:20:19.447 --> 01:20:23.118 align:center line:74% position:44% size:78% COMPETITIVE AND I DON'T SEE HOW 01:20:23.118 --> 01:20:25.620 align:center line:74% position:25% size:60% YOU DO IT AN RFP FOR ONE 01:20:25.620 --> 01:20:28.123 align:center line:74% position:27% size:63% ORGANIZATION THE WAY THAT 01:20:28.123 --> 01:20:34.896 align:center line:74% position:40% size:75% ORGANIZATION OR THAT NONPROFIT 01:20:34.896 --> 01:20:35.730 align:center line:74% position:40% size:75% IS DESCRIBED IN THE AMENDMENT. 01:20:35.730 --> 01:20:40.769 align:center line:74% position:11% size:8% SO. 01:20:40.769 --> 01:20:43.939 align:center line:74% position:44% size:78% >> WE HAVE TO BE HONEST WHEN WE 01:20:43.939 --> 01:20:46.341 align:center line:74% position:33% size:70% TALK ABOUT PARTNERING WITH A 01:20:46.341 --> 01:20:48.210 align:center line:74% position:44% size:78% NONPROFIT I THINK WE NEED TO BE 01:20:48.210 --> 01:20:50.245 align:center line:74% position:40% size:75% TRANSPARENT FROM THE GET GO IF 01:20:50.245 --> 01:20:52.113 align:center line:74% position:36% size:73% WE'RE GOING TO SAY THAT, WHAT 01:20:52.113 --> 01:20:55.150 align:center line:74% position:44% size:78% NONPROFITS ARE WE TALKING ABOUT 01:20:55.150 --> 01:20:57.419 align:center line:74% position:40% size:75% AND ARE THERE ENOUGH TO CHOOSE 01:20:57.419 --> 01:20:57.652 align:center line:74% position:11% size:13% FROM? 01:20:57.652 --> 01:20:59.187 align:center line:74% position:24% size:58% >> THANK YOU VERY MUCH. 01:20:59.187 --> 01:20:59.454 align:center line:74% position:11% size:13% OKAY. 01:20:59.454 --> 01:21:04.092 align:center line:74% position:40% size:75% LET'S GO AHEAD AND VOTE ON THE 01:21:04.092 --> 01:21:06.528 align:center line:74% position:44% size:78% FINAL BILL AS AMENDED COULD YOU 01:21:06.528 --> 01:21:10.532 align:center line:74% position:33% size:70% CALL THE ROLE ON ADOPTION OF 01:21:10.532 --> 01:21:12.767 align:center line:74% position:40% size:75% COUNCIL BILL 12039 AS AMENDED. 01:21:12.767 --> 01:21:15.237 align:center line:74% position:40% size:75% >> COUNCILMEMBER LISA HERBOLD. 01:21:15.237 --> 01:21:15.937 align:center line:74% position:12% size:18% >> YES. 01:21:15.937 --> 01:21:18.240 align:center line:74% position:44% size:78% >> COUNCILMEMBER ALEX PEDERSEN. 01:21:18.240 --> 01:21:19.374 align:center line:74% position:12% size:15% >> NO. 01:21:19.374 --> 01:21:22.077 align:center line:74% position:36% size:73% >> COUNCILMEMBER SARA NELSON. 01:21:22.077 --> 01:21:22.277 align:center line:74% position:12% size:15% >> NO. 01:21:22.277 --> 01:21:23.011 align:center line:74% position:29% size:65% >> COUNCILMEMBER ANDREW J. 01:21:23.011 --> 01:21:23.211 align:center line:74% position:12% size:15% LEWIS. 01:21:23.211 --> 01:21:24.412 align:center line:74% position:12% size:18% >> YES. 01:21:24.412 --> 01:21:25.447 align:center line:74% position:50% size:80% >> MADAME CHAIR TERESA MOSQUEDA. 01:21:25.447 --> 01:21:25.680 align:center line:74% position:12% size:18% >> AYE. 01:21:25.680 --> 01:21:27.415 align:center line:74% position:40% size:75% >> MADAME CHAIR THAT'S FIVE IN 01:21:27.415 --> 01:21:28.950 align:center line:74% position:19% size:48% FAVOR, TWO OPPOSED. 01:21:28.950 --> 01:21:34.956 align:center line:74% position:44% size:78% >> THANK YOU THE MOTION CARRIES 01:21:34.956 --> 01:21:37.058 align:center line:74% position:29% size:65% AND COUNCIL BILL 123391 AS 01:21:37.058 --> 01:21:39.694 align:center line:74% position:44% size:78% AMENDED WILL BE TRANSMITTED FOR 01:21:39.694 --> 01:21:43.598 align:center line:74% position:27% size:63% A VOTE ON SEPTEMBER 6TH I 01:21:43.598 --> 01:21:46.034 align:center line:74% position:13% size:20% BELIEVE. 01:21:46.034 --> 01:21:47.702 align:center line:74% position:31% size:68% LOOKING FOR THAT DATE IN MY 01:21:47.702 --> 01:21:48.236 align:center line:74% position:12% size:15% NOTES. 01:21:48.236 --> 01:21:49.804 align:center line:74% position:50% size:80% YES, SEPTEMBER 6TH, THANK YOU SO 01:21:49.804 --> 01:21:50.005 align:center line:74% position:11% size:13% MUCH. 01:21:50.005 --> 01:21:53.308 align:center line:74% position:44% size:78% OKAY LET'S GO AHEAD AND MOVE ON 01:21:53.308 --> 01:21:54.109 align:center line:74% position:29% size:65% TO AGENDA ITEM NUMBER TWO. 01:21:54.109 --> 01:21:55.443 align:center line:74% position:44% size:78% IT'S ALREADY BEEN READ INTO THE 01:21:55.443 --> 01:21:59.447 align:center line:74% position:33% size:70% RECORD AND I BELIEVE THIS IS 01:21:59.447 --> 01:22:01.383 align:center line:74% position:33% size:70% LISA KAY, GOOD MORNING LISA. 01:22:01.383 --> 01:22:04.452 align:center line:74% position:40% size:75% >> GOOD MORNING, COUNCILMEMBER 01:22:04.452 --> 01:22:05.153 align:center line:74% position:15% size:35% ALEX PEDERSEN. 01:22:05.153 --> 01:22:07.055 align:center line:74% position:40% size:75% >> I APOLOGIZE CHAIR, POINT OF 01:22:07.055 --> 01:22:08.790 align:center line:74% position:44% size:78% INQUIRY WHAT WAS THE FINAL VOTE 01:22:08.790 --> 01:22:10.025 align:center line:74% position:12% size:15% COUNT? 01:22:10.025 --> 01:22:12.827 align:center line:74% position:40% size:75% I HEARD 5-2 BUT WASN'T IT 3-2? 01:22:12.827 --> 01:22:14.362 align:center line:74% position:27% size:63% >> THE FINAL VOTE IS 3-2. 01:22:14.362 --> 01:22:15.830 align:center line:74% position:36% size:73% THANK YOU FOR CLARIFYING THAT 01:22:15.830 --> 01:22:16.197 align:center line:74% position:16% size:38% FOR THE RECORD. 01:22:16.197 --> 01:22:16.464 align:center line:74% position:15% size:33% >> THANK YOU. 01:22:16.798 --> 01:22:19.634 align:center line:74% position:10% size:3% . 01:22:19.634 --> 01:22:23.038 align:center line:74% position:44% size:78% >> GO AHEAD LISA, GOOD MORNING. 01:22:23.038 --> 01:22:27.375 align:center line:74% position:44% size:78% >> GOOD MORNING, COUNCILMEMBERS 01:22:27.375 --> 01:22:29.311 align:center line:74% position:17% size:43% AND MADAME CHAIR. 01:22:29.311 --> 01:22:32.147 align:center line:74% position:44% size:78% THIS WOULD CREATE A CITY SOCIAL 01:22:32.147 --> 01:22:33.648 align:center line:74% position:31% size:68% EQUITY CANNABIS LICENSE AND 01:22:33.648 --> 01:22:35.083 align:center line:74% position:40% size:75% ESTABLISH ELIGIBILITY CRITERIA 01:22:35.083 --> 01:22:36.151 align:center line:74% position:50% size:80% FOR THAT LICENSE CONSISTENT WITH 01:22:36.151 --> 01:22:38.620 align:center line:74% position:29% size:65% DRAFT RULES FROM THE STATE 01:22:38.620 --> 01:22:39.454 align:center line:74% position:29% size:65% LIQUOR AND CANNABIS BOARD. 01:22:39.454 --> 01:22:40.889 align:center line:74% position:44% size:78% UNDER THIS PROPOSAL THE LICENSE 01:22:40.889 --> 01:22:43.124 align:center line:74% position:44% size:78% FROM THE CITY WOULD NOT REQUIRE 01:22:43.124 --> 01:22:43.391 align:center line:74% position:15% size:35% AN ANNUAL FEE. 01:22:43.725 --> 01:22:54.135 align:center line:74% position:31% size:68% >> SHOULD THE STATE ENABLE 01:22:59.140 --> 01:23:09.451 align:center line:74% position:21% size:53% THESE IN THE FUTURE. 01:23:09.851 --> 01:23:10.819 align:center line:74% position:24% size:58% -- MUNICIPAL CODE FROM 01:23:10.819 --> 01:23:11.453 align:center line:74% position:24% size:58% MARIJUANA TO CANNABIS. 01:23:11.453 --> 01:23:13.455 align:center line:74% position:36% size:73% THERE IS ONE AMENDMENT TODAY 01:23:13.455 --> 01:23:14.823 align:center line:74% position:25% size:60% FOR YOUR CONSIDERATION. 01:23:14.823 --> 01:23:17.759 align:center line:74% position:50% size:80% IF THERE ARE NO QUESTIONS I CAN 01:23:17.759 --> 01:23:23.231 align:center line:74% position:31% size:68% SHOW MY SCREEN TO POST THE 01:23:23.231 --> 01:23:23.531 align:center line:74% position:14% size:28% AMENDMENT. 01:23:23.531 --> 01:23:25.967 align:center line:74% position:40% size:75% >> THAT WOULD BE GREAT. THANK 01:23:25.967 --> 01:23:36.244 align:center line:74% position:16% size:38% YOU VERY MUCH. 01:23:44.853 --> 01:23:45.754 align:center line:74% position:13% size:23% >> OKAY. 01:23:45.754 --> 01:23:47.589 align:center line:74% position:24% size:58% THAT'S SHOWING UP NOW. 01:23:47.589 --> 01:23:50.125 align:center line:74% position:21% size:53% >> IT'S NOT SHOWING. 01:23:50.125 --> 01:23:54.396 align:center line:74% position:15% size:33% THERE WE GO. 01:23:54.396 --> 01:23:55.130 align:center line:74% position:14% size:28% IT'S OKAY. 01:23:55.130 --> 01:24:04.105 align:center line:74% position:14% size:30% NO PROBLEM. 01:24:05.874 --> 01:24:11.646 align:center line:74% position:15% size:35% >> THANK YOU. 01:24:11.646 --> 01:24:12.480 align:center line:74% position:36% size:73% COUNCILMEMBER HERBOLD, WOULD 01:24:12.480 --> 01:24:13.515 align:center line:74% position:22% size:55% YOU LIKE TO MOVE YOUR 01:24:13.515 --> 01:24:13.815 align:center line:74% position:14% size:28% AMENDMENT? 01:24:13.815 --> 01:24:15.550 align:center line:74% position:40% size:75% >> I WILL MOVE THE AMENDMENT. 01:24:15.550 --> 01:24:18.853 align:center line:74% position:29% size:65% >> THE HAS BEEN MOVED AND 01:24:18.853 --> 01:24:19.654 align:center line:74% position:13% size:25% SECONDED. 01:24:19.654 --> 01:24:21.656 align:center line:74% position:50% size:80% WOULD YOU LIKE TO SPEAK TO YOUR 01:24:21.656 --> 01:24:23.458 align:center line:74% position:14% size:28% AMENDMENT? 01:24:23.458 --> 01:24:26.394 align:center line:74% position:14% size:30% >> I WOULD. 01:24:26.394 --> 01:24:27.996 align:center line:74% position:50% size:80% THIS IS PROVIDING A VEHICLE FOR 01:24:27.996 --> 01:24:32.300 align:center line:74% position:36% size:73% ME TO FORWARD SOMETHING THAT 01:24:32.300 --> 01:24:33.368 align:center line:74% position:44% size:78% SPEAKS TO THE BUSINESS LICENSE 01:24:33.368 --> 01:24:35.136 align:center line:74% position:29% size:65% FEE THAT I COMMITTED TO A 01:24:35.136 --> 01:24:45.513 align:center line:74% position:21% size:53% COUPLE OF YEARS AGO. 01:24:46.281 --> 01:24:47.048 align:center line:74% position:33% size:70% IT WAS SPONSORED DURING THE 01:24:47.048 --> 01:24:48.450 align:center line:74% position:40% size:75% BUDGET PROCESS SOME INCREASES 01:24:48.450 --> 01:24:50.952 align:center line:74% position:29% size:65% TO BUSINESS LICENSE FEES. 01:24:50.952 --> 01:24:52.153 align:center line:74% position:40% size:75% WE DID NOT CONSIDER FULLY THE 01:24:52.153 --> 01:24:54.823 align:center line:74% position:29% size:65% EQUITY IMPLICATIONS OF AN 01:24:54.823 --> 01:24:58.092 align:center line:74% position:29% size:65% INCREASE OF $3500 FOR ALL 01:24:58.092 --> 01:24:59.461 align:center line:74% position:14% size:30% BUSINESSES. 01:24:59.461 --> 01:25:02.030 align:center line:74% position:33% size:70% AT THE TIME WE ASKED FAS TO 01:25:02.030 --> 01:25:12.540 align:center line:74% position:36% size:73% CONSIDER A STEPPED APPROACH. 01:25:13.208 --> 01:25:14.509 align:center line:74% position:40% size:75% I HAVE BEEN IN TOUCH WITH FAS 01:25:14.509 --> 01:25:15.577 align:center line:74% position:33% size:70% OVER THE LAST SEVERAL YEARS 01:25:15.577 --> 01:25:16.411 align:center line:74% position:27% size:63% ABOUT THE POSSIBILITY OF 01:25:16.411 --> 01:25:17.812 align:center line:74% position:40% size:75% REDUCING SOME OF THE BUSINESS 01:25:17.812 --> 01:25:20.548 align:center line:74% position:15% size:35% LICENSE COST. 01:25:20.548 --> 01:25:20.849 align:center line:74% position:14% size:30% TWO THINGS. 01:25:20.849 --> 01:25:22.083 align:center line:74% position:36% size:73% ONE, RECOGNIZING THAT ALL OF 01:25:22.083 --> 01:25:26.221 align:center line:74% position:50% size:80% THESE BUSINESSES ARE NOT EQUAL. 01:25:26.221 --> 01:25:29.457 align:center line:74% position:50% size:80% BUT ALSO RECOGNIZING THAT THERE 01:25:29.457 --> 01:25:35.396 align:center line:74% position:40% size:75% IS WORK REQUIRED BY THE CITY, 01:25:35.396 --> 01:25:36.764 align:center line:74% position:40% size:75% AS COMPARED TO LICENSING WORK 01:25:36.764 --> 01:25:41.069 align:center line:74% position:24% size:58% REQUIRED BY THE STATE. 01:25:41.069 --> 01:25:41.903 align:center line:74% position:33% size:70% I'M REALLY PLEASED THAT THE 01:25:41.903 --> 01:25:43.271 align:center line:74% position:50% size:80% BILL, AS INTRODUCED, INCLUDES A 01:25:43.271 --> 01:25:46.441 align:center line:74% position:50% size:80% REMOVAL OF BOTH THE $250 FEE FOR 01:25:46.441 --> 01:25:47.509 align:center line:74% position:44% size:78% PROCESSING INSPECTIONS AND THE 01:25:47.509 --> 01:25:51.880 align:center line:74% position:27% size:63% $200 FEE FOR THE LICENSE 01:25:51.880 --> 01:25:54.816 align:center line:74% position:17% size:43% REQUIREMENT FEE. 01:25:54.816 --> 01:25:56.484 align:center line:74% position:31% size:68% MY AMENDMENT IS BASED ON A 01:25:56.484 --> 01:25:58.419 align:center line:74% position:33% size:70% PROPOSAL THAT FAS DEVELOPED 01:25:58.419 --> 01:26:02.357 align:center line:74% position:27% size:63% BACK IN 2020 AFTER THEIR 01:26:02.357 --> 01:26:06.494 align:center line:74% position:36% size:73% ANALYSIS CONDUCTED FOLLOWING 01:26:06.494 --> 01:26:08.530 align:center line:74% position:36% size:73% THE COUNCIL 2018 LEGISLATIVE 01:26:08.530 --> 01:26:14.469 align:center line:74% position:13% size:20% INTENT. 01:26:14.469 --> 01:26:17.672 align:center line:74% position:40% size:75% -- COINCIDES WITH 2000 SQUARE 01:26:17.672 --> 01:26:23.878 align:center line:74% position:36% size:73% FEET OR LESS. IT MUST COMPLY 01:26:23.878 --> 01:26:27.815 align:center line:74% position:40% size:75% WITH OF THE SAME REQUIREMENTS 01:26:27.815 --> 01:26:28.816 align:center line:74% position:24% size:58% AS ALL OTHER MARIJUANA 01:26:28.816 --> 01:26:29.117 align:center line:74% position:14% size:30% BUSINESSES. 01:26:29.117 --> 01:26:32.720 align:center line:74% position:44% size:78% THEY ARE GO ON TO SAY THE BEST 01:26:32.720 --> 01:26:33.788 align:center line:74% position:36% size:73% PRACTICES FOR REGULATORY FEE 01:26:33.788 --> 01:26:36.724 align:center line:74% position:40% size:75% SETTING ALLOW A CONSIDERATION 01:26:36.724 --> 01:26:41.429 align:center line:74% position:25% size:60% OF A -- FAS LEGISLATIVE 01:26:41.429 --> 01:26:48.436 align:center line:74% position:33% size:70% PROPOSAL WAS MOTIVATED THAT 01:26:48.436 --> 01:26:49.270 align:center line:74% position:25% size:60% THESE PRACTICES ALLOW A 01:26:49.270 --> 01:26:50.638 align:center line:74% position:40% size:75% REGULATORY AGENCY TO CONSIDER 01:26:50.638 --> 01:26:53.374 align:center line:74% position:40% size:75% ITS OWN ADMINISTRATIVE BURDEN 01:26:53.374 --> 01:26:59.447 align:center line:74% position:50% size:80% INTO ACCOUNT WHEN SETTING FEES. 01:26:59.447 --> 01:27:07.155 align:center line:74% position:50% size:80% -- REQUIRED TO INSPECT TRANSFER 01:27:07.155 --> 01:27:07.989 align:center line:74% position:44% size:78% BUSINESSES, SIGNIFICANTLY LESS 01:27:07.989 --> 01:27:09.123 align:center line:74% position:40% size:75% THAN OTHER LICENSED MARIJUANA 01:27:09.123 --> 01:27:09.424 align:center line:74% position:14% size:30% BUSINESSES. 01:27:09.424 --> 01:27:12.594 align:center line:74% position:40% size:75% FAS IMPOSES A REDUCED FEE FOR 01:27:12.594 --> 01:27:19.334 align:center line:74% position:50% size:80% THE TRANSPORTER CLASSIFICATION. 01:27:19.334 --> 01:27:20.368 align:center line:74% position:27% size:63% THERE ARE ONLY TWO CLEAR 01:27:20.368 --> 01:27:20.969 align:center line:74% position:22% size:55% LICENSEES IN SEATTLE. 01:27:20.969 --> 01:27:22.136 align:center line:74% position:22% size:55% THERE IS CURRENTLY NO 01:27:22.136 --> 01:27:28.776 align:center line:74% position:22% size:55% TRANSPORTER BUSINESS. 01:27:28.776 --> 01:27:29.611 align:center line:74% position:24% size:58% -- REDUCED FEE FOR THE 01:27:29.611 --> 01:27:30.878 align:center line:74% position:40% size:75% CLASSIFICATION AS RECOMMENDED 01:27:30.878 --> 01:27:41.422 align:center line:74% position:50% size:80% BY FAS. IT ESTABLISHES THE FEED 01:27:42.023 --> 01:27:43.458 align:center line:74% position:33% size:70% TO BE $2000 FOR THE SMALLER 01:27:43.458 --> 01:27:54.002 align:center line:74% position:44% size:78% BUSINESSES AS COMPARED TO 3500 01:27:54.936 --> 01:27:56.304 align:center line:74% position:40% size:75% AND THE IMPACT IS VERY SLIGHT 01:27:56.304 --> 01:27:57.171 align:center line:74% position:27% size:63% BECAUSE OF THE NUMBER OF 01:27:57.171 --> 01:27:58.172 align:center line:74% position:40% size:75% BUSINESSES THAT FALL INTO THE 01:27:58.172 --> 01:27:58.539 align:center line:74% position:13% size:25% CATEGORY. 01:27:58.539 --> 01:27:59.440 align:center line:74% position:14% size:28% THANK YOU. 01:27:59.440 --> 01:28:03.511 align:center line:74% position:50% size:80% >> THANK YOU VERY MUCH, COUNCIL 01:28:03.511 --> 01:28:03.945 align:center line:74% position:17% size:40% MEMBER HERBOLD. 01:28:03.945 --> 01:28:05.380 align:center line:74% position:44% size:78% I WILL SIT WITH THIS AMENDMENT 01:28:05.380 --> 01:28:07.382 align:center line:74% position:44% size:78% . IT TAKES ANOTHER STEP TOWARD 01:28:07.382 --> 01:28:12.153 align:center line:74% position:44% size:78% MEETING OUR EQUITY GOALS AND I 01:28:12.153 --> 01:28:13.187 align:center line:74% position:44% size:78% ENCOURAGE OUR COLLEAGUES TO DO 01:28:13.187 --> 01:28:14.022 align:center line:74% position:18% size:45% THE SAME AS WELL. 01:28:14.022 --> 01:28:15.423 align:center line:74% position:33% size:70% ANY ADDITIONAL QUESTIONS OR 01:28:15.423 --> 01:28:15.690 align:center line:74% position:13% size:25% COMMENTS? 01:28:15.690 --> 01:28:17.892 align:center line:74% position:17% size:43% I'M SEEING NONE. 01:28:17.892 --> 01:28:18.926 align:center line:74% position:36% size:73% MADAM CLERK, PLEASE CALL THE 01:28:18.926 --> 01:28:20.361 align:center line:74% position:25% size:60% ROLL ON THE ADOPTION OF 01:28:20.361 --> 01:28:22.330 align:center line:74% position:16% size:38% AMENDMENT ONE. 01:28:22.330 --> 01:28:23.665 align:center line:74% position:31% size:68% >> COUNCIL MEMBER HERBOLD? 01:28:23.665 --> 01:28:24.265 align:center line:74% position:13% size:20% >> YES. 01:28:24.265 --> 01:28:25.199 align:center line:74% position:31% size:68% >> COUNCILMEMBER PEDERSEN? 01:28:25.199 --> 01:28:26.467 align:center line:74% position:13% size:23% >> YES. 01:28:26.467 --> 01:28:33.274 align:center line:74% position:27% size:63% >> COUNCILMEMBER NELSON? 01:28:33.274 --> 01:28:36.144 align:center line:74% position:24% size:58% COUNCIL MEMBER NELSON? 01:28:36.144 --> 01:28:39.080 align:center line:74% position:13% size:20% >> AYE 01:28:39.080 --> 01:28:40.415 align:center line:74% position:27% size:63% >> COUNCIL MEMBER LOUIS? 01:28:40.415 --> 01:28:42.283 align:center line:74% position:13% size:20% >> YES. 01:28:42.283 --> 01:28:44.385 align:center line:74% position:33% size:70% >> COUNCILMEMBER MOSQUEDA? 01:28:44.385 --> 01:28:45.586 align:center line:74% position:13% size:20% >> AYE 01:28:45.586 --> 01:28:51.459 align:center line:74% position:40% size:75% >> IT CARRIES AND IS ADOPTED. 01:28:51.459 --> 01:28:52.593 align:center line:74% position:44% size:78% THE AMENDED BILL IS NOW BEFORE 01:28:52.593 --> 01:28:52.994 align:center line:74% position:11% size:10% US. 01:28:52.994 --> 01:28:54.162 align:center line:74% position:27% size:63% ARE THERE ANY ADDITIONAL 01:28:54.162 --> 01:28:55.163 align:center line:74% position:13% size:25% COMMENTS? 01:28:55.163 --> 01:28:57.332 align:center line:74% position:17% size:43% I'M SEEING NONE. 01:28:57.332 --> 01:28:57.765 align:center line:74% position:18% size:45% PLEASE, GO AHEAD. 01:28:57.765 --> 01:28:59.100 align:center line:74% position:27% size:63% IT'S ONLY SAY SOMETHING? 01:28:59.100 --> 01:29:00.001 align:center line:74% position:13% size:25% >> I DID. 01:29:00.001 --> 01:29:04.639 align:center line:74% position:40% size:75% ORIGINALLY I HAD AN AMENDMENT 01:29:04.639 --> 01:29:09.977 align:center line:74% position:44% size:78% THAT WOULD HAVE GIVEN PRIORITY 01:29:09.977 --> 01:29:14.315 align:center line:74% position:25% size:60% FOR A HOLDER OF MEDICAL 01:29:14.315 --> 01:29:15.383 align:center line:74% position:50% size:80% MARIJUANA LICENSING IN THE PAST 01:29:15.383 --> 01:29:18.019 align:center line:74% position:29% size:65% BUT THEY LOST THEM IN THE 01:29:18.019 --> 01:29:19.887 align:center line:74% position:36% size:73% TRANSITION TO RECREATION AND 01:29:19.887 --> 01:29:20.922 align:center line:74% position:19% size:48% LICENSING THEREOF. 01:29:20.922 --> 01:29:22.190 align:center line:74% position:25% size:60% I WAS RUNNING WITH THAT 01:29:22.190 --> 01:29:27.495 align:center line:74% position:36% size:73% AMENDMENT BECAUSE I BELIEVED 01:29:27.495 --> 01:29:29.530 align:center line:74% position:27% size:63% THAT THIS WAS A PIECE OF 01:29:29.530 --> 01:29:31.165 align:center line:74% position:29% size:65% LEGISLATION THAT WOULD BE 01:29:31.165 --> 01:29:37.772 align:center line:74% position:40% size:75% COMPLEMENTARY BUT TO BUILD ON 01:29:37.772 --> 01:29:39.340 align:center line:74% position:44% size:78% THE SOCIAL EQUITY CRITERIA PUT 01:29:39.340 --> 01:29:41.042 align:center line:74% position:22% size:55% FORWARD BY THE STATE. 01:29:41.042 --> 01:29:42.744 align:center line:74% position:24% size:58% THAT IS WHY I HAD THAT 01:29:42.744 --> 01:29:46.214 align:center line:74% position:20% size:50% AMENDMENT IN THERE. 01:29:46.214 --> 01:29:46.814 align:center line:74% position:31% size:68% WHEN COUNCILMEMBER HERBOLD 01:29:46.814 --> 01:29:47.849 align:center line:74% position:25% size:60% SAID, HOW WOULD THAT BE 01:29:47.849 --> 01:29:49.083 align:center line:74% position:36% size:73% OPERATIONALIZED , THOSE COME 01:29:49.083 --> 01:29:50.251 align:center line:74% position:17% size:40% FROM THE STATE. 01:29:50.251 --> 01:29:53.621 align:center line:74% position:31% size:68% IT BECAME CLEAR THAT THERE 01:29:53.621 --> 01:29:56.724 align:center line:74% position:36% size:73% REALLY WASN'T A WAY FOR THIS 01:29:56.724 --> 01:29:59.460 align:center line:74% position:50% size:80% PRIORITY TO BE INCLUDED IN THIS 01:29:59.460 --> 01:30:01.028 align:center line:74% position:13% size:23% PACKAGE. 01:30:01.028 --> 01:30:02.096 align:center line:74% position:33% size:70% SO WHEN I REALIZE THAT THIS 01:30:02.096 --> 01:30:03.331 align:center line:74% position:33% size:70% PACKAGE IS MOSTLY ABOUT THE 01:30:03.331 --> 01:30:07.034 align:center line:74% position:44% size:78% CHANGES THAT WE WERE MAKING TO 01:30:07.034 --> 01:30:08.069 align:center line:74% position:40% size:75% THE COST OF LICENSES, THAT IS 01:30:08.069 --> 01:30:09.303 align:center line:74% position:50% size:80% THE REASON WHY THAT WAS PULLED. 01:30:09.303 --> 01:30:12.407 align:center line:74% position:25% size:60% >> THANK YOU VERY MUCH. 01:30:12.407 --> 01:30:14.041 align:center line:74% position:44% size:78% WILL THE CLERK PLEASE CALL THE 01:30:14.041 --> 01:30:15.443 align:center line:74% position:44% size:78% ROLL ON THE PASSAGE OF COUNSEL 01:30:15.443 --> 01:30:18.112 align:center line:74% position:25% size:60% BILL 120392 AS AMENDED? 01:30:18.112 --> 01:30:28.589 align:center line:74% position:31% size:68% >> COUNCIL MEMBER HERBOLD? 01:30:29.490 --> 01:30:29.857 align:center line:74% position:13% size:20% >> YES. 01:30:29.857 --> 01:30:30.658 align:center line:74% position:31% size:68% >> COUNCILMEMBER PEDERSEN? 01:30:30.658 --> 01:30:31.058 align:center line:74% position:13% size:20% >> YES. 01:30:31.058 --> 01:30:31.826 align:center line:74% position:27% size:63% >> COUNCILMEMBER NELSON? 01:30:31.826 --> 01:30:32.059 align:center line:74% position:13% size:20% >> AYE. 01:30:32.059 --> 01:30:32.593 align:center line:74% position:25% size:60% >> COUNCILMEMBER LEWIS? 01:30:32.593 --> 01:30:33.294 align:center line:74% position:13% size:23% >> YES. 01:30:33.294 --> 01:30:34.562 align:center line:74% position:27% size:63% >> MADAM CHAIR MOSQUEDA? 01:30:34.562 --> 01:30:36.998 align:center line:74% position:13% size:20% >> AYE 01:30:36.998 --> 01:30:38.399 align:center line:74% position:36% size:73% >> THAT IS FIVE IN FAVOR AND 01:30:38.399 --> 01:30:39.233 align:center line:74% position:14% size:30% NOT A POST. 01:30:39.233 --> 01:30:40.268 align:center line:74% position:25% size:60% >> THANK YOU VERY MUCH. 01:30:40.268 --> 01:30:41.102 align:center line:74% position:27% size:63% IT CARRIES AND PASSED AS 01:30:41.102 --> 01:30:41.369 align:center line:74% position:13% size:23% AMENDED. 01:30:41.369 --> 01:30:42.737 align:center line:74% position:25% size:60% IT WILL BE MOVED TO THE 01:30:42.737 --> 01:30:43.371 align:center line:74% position:40% size:75% SEPTEMBER 6th SEATTLE COUNCIL 01:30:43.371 --> 01:30:45.139 align:center line:74% position:29% size:65% MEETING FOR A FINAL VOTE. 01:30:45.139 --> 01:30:49.343 align:center line:74% position:14% size:28% NEXT ITEM. 01:30:49.343 --> 01:30:50.378 align:center line:74% position:27% size:63% WE HAVE JASMINE WITH US. 01:30:50.378 --> 01:30:51.612 align:center line:74% position:33% size:70% I DON'T THINK THIS PIECE OF 01:30:51.612 --> 01:30:53.381 align:center line:74% position:44% size:78% LEGISLATION HAS ANY AMENDMENTS 01:30:53.381 --> 01:30:55.149 align:center line:74% position:12% size:18% TO IT. 01:30:55.149 --> 01:30:56.551 align:center line:74% position:21% size:53% COUNSEL BILL 120393. 01:30:56.551 --> 01:30:57.151 align:center line:74% position:15% size:35% >> THANK YOU. 01:30:57.151 --> 01:30:59.453 align:center line:74% position:33% size:70% AGAIN, MY NAME IS JASMINE. 01:30:59.453 --> 01:31:06.327 align:center line:74% position:44% size:78% A CENTRAL STAFF ANALYST POINT. 01:31:06.327 --> 01:31:09.864 align:center line:74% position:50% size:80% THIS BILL WOULD REQUIRE CANNABIS 01:31:09.864 --> 01:31:10.665 align:center line:74% position:31% size:68% BUSINESS EMPLOYERS TO TAKE 01:31:10.665 --> 01:31:12.967 align:center line:74% position:33% size:70% CERTAIN ACTIONS TO INCREASE 01:31:12.967 --> 01:31:14.235 align:center line:74% position:33% size:70% TRANSPARENCY AND REDUCE JOB 01:31:14.235 --> 01:31:15.603 align:center line:74% position:50% size:80% INSECURITY CAUSED BY CHANGES IN 01:31:15.603 --> 01:31:15.903 align:center line:74% position:14% size:28% OWNERSHIP. 01:31:15.903 --> 01:31:16.838 align:center line:74% position:44% size:78% FIRST, TO ADDRESS TRANSPARENCY 01:31:16.838 --> 01:31:21.309 align:center line:74% position:21% size:53% CONCERNS, INTEGRATED 01:31:21.309 --> 01:31:25.680 align:center line:74% position:44% size:78% ENTERPRISES TO PROVIDE WRITTEN 01:31:25.680 --> 01:31:26.714 align:center line:74% position:33% size:70% NOTICE THE EMPLOYEES OF THE 01:31:26.714 --> 01:31:28.115 align:center line:74% position:31% size:68% NAMES USED BY ANY OF THEIR 01:31:28.115 --> 01:31:34.956 align:center line:74% position:22% size:55% ASSOCIATED INTEGRATED 01:31:34.956 --> 01:31:35.423 align:center line:74% position:15% size:33% ENTERPRISES. 01:31:35.423 --> 01:31:35.990 align:center line:74% position:21% size:53% THIS NOTICE WOULD BE 01:31:35.990 --> 01:31:36.858 align:center line:74% position:40% size:75% INCORPORATED INTO THE CURRENT 01:31:36.858 --> 01:31:37.458 align:center line:74% position:21% size:53% NOTICE OF EMPLOYMENT 01:31:37.458 --> 01:31:38.259 align:center line:74% position:36% size:73% INFORMATION OBLIGATIONS THAT 01:31:38.259 --> 01:31:38.893 align:center line:74% position:36% size:73% EMPLOYERS ALREADY PROVIDE TO 01:31:38.893 --> 01:31:39.861 align:center line:74% position:17% size:43% THEIR EMPLOYEES. 01:31:39.861 --> 01:31:42.163 align:center line:74% position:31% size:68% TWO ADDRESS JOB INSECURITY 01:31:42.163 --> 01:31:43.197 align:center line:74% position:44% size:78% CAUSED BY CHANGES IN OWNERSHIP 01:31:43.197 --> 01:31:44.232 align:center line:74% position:36% size:73% OF THE CANNABIS BUSINESS THE 01:31:44.232 --> 01:31:46.501 align:center line:74% position:33% size:70% BILL WOULD REQUIRE OUTGOING 01:31:46.501 --> 01:31:48.135 align:center line:74% position:50% size:80% CANNABIS BUSINESS IS BEING SOLD 01:31:48.135 --> 01:31:48.970 align:center line:74% position:29% size:65% TO PROVIDE A PREFERENTIAL 01:31:48.970 --> 01:31:50.805 align:center line:74% position:33% size:70% HIRING LIST TO THE INCOMING 01:31:50.805 --> 01:31:52.440 align:center line:74% position:36% size:73% CANNABIS BUSINESS AND POST A 01:31:52.440 --> 01:31:53.975 align:center line:74% position:40% size:75% NOTICE OF CHANGE IN OWNERSHIP 01:31:53.975 --> 01:31:55.142 align:center line:74% position:17% size:40% AT THE JOBSITE. 01:31:55.142 --> 01:31:55.977 align:center line:74% position:50% size:80% AN INCOMING EMPLOYER WOULD THEN 01:31:55.977 --> 01:31:58.613 align:center line:74% position:40% size:75% BE REQUIRED TO HIRE FROM THAT 01:31:58.613 --> 01:32:00.882 align:center line:74% position:33% size:70% LIST FOR 180 DAYS AFTER THE 01:32:00.882 --> 01:32:02.516 align:center line:74% position:19% size:48% CHANGE IN CONTROL. 01:32:02.516 --> 01:32:04.085 align:center line:74% position:44% size:78% THEY MUST RETAIN EMPLOYEES FOR 01:32:04.085 --> 01:32:08.055 align:center line:74% position:40% size:75% AT LEAST 90 DAYS UNLESS THERE 01:32:08.055 --> 01:32:09.290 align:center line:74% position:36% size:73% IS A JUST CAUSE TO DISCHARGE 01:32:09.290 --> 01:32:09.524 align:center line:74% position:12% size:15% THEM. 01:32:09.524 --> 01:32:11.425 align:center line:74% position:44% size:78% THEY WOULD ALSO BE REQUIRED TO 01:32:11.425 --> 01:32:13.794 align:center line:74% position:31% size:68% POST A NOTICE OF CHANGE IN 01:32:13.794 --> 01:32:14.829 align:center line:74% position:36% size:73% OWNERSHIP AT THE JOBSITE FOR 01:32:14.829 --> 01:32:16.063 align:center line:74% position:36% size:73% 180 DAYS AFTER THE CHANGE IN 01:32:16.063 --> 01:32:16.464 align:center line:74% position:13% size:23% CONTROL. 01:32:16.464 --> 01:32:17.498 align:center line:74% position:50% size:80% THAT CONCLUDES MY BRIEF SUMMARY 01:32:17.498 --> 01:32:21.369 align:center line:74% position:27% size:63% OF COUNSEL BILL 120393. 01:32:21.369 --> 01:32:27.341 align:center line:74% position:31% size:68% TO DATE I HAVE RECEIVED NO 01:32:27.341 --> 01:32:28.209 align:center line:74% position:44% size:78% REQUEST FOR AMENDMENTS ON THIS 01:32:28.209 --> 01:32:29.010 align:center line:74% position:20% size:50% BILL, AS MENTIONED. 01:32:29.010 --> 01:32:29.810 align:center line:74% position:25% size:60% I'M HAPPY TO ANSWER ANY 01:32:29.810 --> 01:32:30.678 align:center line:74% position:40% size:75% QUESTIONS FROM THE COMMITTEE. 01:32:30.678 --> 01:32:31.078 align:center line:74% position:15% size:35% >> EXCELLENT. 01:32:31.078 --> 01:32:31.879 align:center line:74% position:19% size:48% THANK YOU SO MUCH. 01:32:31.879 --> 01:32:35.449 align:center line:74% position:33% size:70% I WANT TO THANK THE MAYOR'S 01:32:35.449 --> 01:32:37.618 align:center line:74% position:40% size:75% OFFICE FOR WORKING DILIGENTLY 01:32:37.618 --> 01:32:38.619 align:center line:74% position:33% size:70% TO SHARE SOME INITIAL IDEAS 01:32:38.619 --> 01:32:39.720 align:center line:74% position:31% size:68% AROUND THE SOLICITATION IN 01:32:39.720 --> 01:32:41.088 align:center line:74% position:13% size:23% ADVANCE. 01:32:41.088 --> 01:32:43.157 align:center line:74% position:40% size:75% I'M GLAD TO HEAR THERE ARE NO 01:32:43.157 --> 01:32:46.060 align:center line:74% position:14% size:30% AMENDMENTS. 01:32:46.060 --> 01:32:47.261 align:center line:74% position:50% size:80% I THINK THAT IS A REFLECTION OF 01:32:47.261 --> 01:32:48.896 align:center line:74% position:44% size:78% A JOB WELL DONE ON THE INITIAL 01:32:48.896 --> 01:32:49.130 align:center line:74% position:12% size:18% DRAFT. 01:32:49.130 --> 01:32:50.131 align:center line:74% position:36% size:73% IF THERE IS NO AMENDMENT THE 01:32:50.131 --> 01:32:51.299 align:center line:74% position:50% size:80% COMMITTEE RECOMMENDS PASSAGE OF 01:32:51.299 --> 01:32:58.539 align:center line:74% position:21% size:53% COUNSEL BILL 120393. 01:32:58.539 --> 01:32:59.373 align:center line:74% position:19% size:48% IS THERE A SECOND? 01:32:59.373 --> 01:32:59.774 align:center line:74% position:14% size:28% >> SECOND. 01:32:59.774 --> 01:33:01.208 align:center line:74% position:50% size:80% >> THANK YOU, IT HAS BEEN MOVED 01:33:01.208 --> 01:33:01.609 align:center line:74% position:15% size:35% AND SECONDED. 01:33:01.609 --> 01:33:02.410 align:center line:74% position:27% size:63% ARE THERE ANY ADDITIONAL 01:33:02.410 --> 01:33:02.677 align:center line:74% position:13% size:25% COMMENTS? 01:33:02.677 --> 01:33:03.444 align:center line:74% position:18% size:45% I'M HEARING NONE. 01:33:03.444 --> 01:33:04.879 align:center line:74% position:40% size:75% MADAM CLERK, PLEASE CALL THE 01:33:04.879 --> 01:33:07.148 align:center line:74% position:12% size:15% ROLL. 01:33:07.148 --> 01:33:10.851 align:center line:74% position:29% size:65% >> COUNCILMEMBER HERBOLD? 01:33:10.851 --> 01:33:11.085 align:center line:74% position:13% size:20% >> YES. 01:33:11.085 --> 01:33:11.886 align:center line:74% position:33% size:70% >> COUNCIL MEMBER PEDERSEN? 01:33:11.886 --> 01:33:12.286 align:center line:74% position:13% size:20% >> YES. 01:33:12.286 --> 01:33:13.454 align:center line:74% position:27% size:63% >> COUNCILMEMBER NELSON? 01:33:13.454 --> 01:33:15.456 align:center line:74% position:13% size:23% >> AYE. 01:33:15.456 --> 01:33:19.160 align:center line:74% position:25% size:60% >> COUNCILMEMBER LEWIS? 01:33:19.160 --> 01:33:20.027 align:center line:74% position:13% size:20% >> YES. 01:33:20.027 --> 01:33:20.861 align:center line:74% position:27% size:63% >> MADAM CHAIR MOSQUEDA? 01:33:20.861 --> 01:33:24.932 align:center line:74% position:33% size:70% >> AYE >> THAT IS FIVE IN 01:33:24.932 --> 01:33:33.641 align:center line:74% position:22% size:55% FAVOR AND NOT A POST. 01:33:33.641 --> 01:33:34.475 align:center line:74% position:31% size:68% >> I'M EXCITED BECAUSE THE 01:33:34.475 --> 01:33:34.875 align:center line:74% position:17% size:40% MOTION CARRIES. 01:33:34.875 --> 01:33:35.910 align:center line:74% position:31% size:68% THAT'S OUR THIRD AND FINAL 01:33:35.910 --> 01:33:37.144 align:center line:74% position:27% size:63% PIECE OF LEGISLATION FOR 01:33:37.144 --> 01:33:38.980 align:center line:74% position:17% size:43% CANNABIS EQUITY. 01:33:38.980 --> 01:33:40.214 align:center line:74% position:36% size:73% THIS AND THE OTHER TWO BILLS 01:33:40.214 --> 01:33:41.248 align:center line:74% position:40% size:75% WILL BE SENT TO THE SEPTEMBER 01:33:41.248 --> 01:33:42.683 align:center line:74% position:50% size:80% 6th SEATTLE COUNCIL MEETING FOR 01:33:42.683 --> 01:33:43.918 align:center line:74% position:40% size:75% A FINAL VOTE. CONGRATULATIONS 01:33:43.918 --> 01:33:45.319 align:center line:74% position:44% size:78% TO ALL WHO HAVE WORKED ON THIS 01:33:45.319 --> 01:33:46.554 align:center line:74% position:24% size:58% AND WE WILL SEE YOU ON 01:33:46.554 --> 01:33:50.024 align:center line:74% position:50% size:80% SEPTEMBER 6th FOR A FINAL VOTE. 01:33:50.024 --> 01:33:51.792 align:center line:74% position:33% size:70% WITH THAT WE CAN MOVE ON TO 01:33:51.792 --> 01:33:56.564 align:center line:74% position:27% size:63% AGENDA ITEM NUMBER FOUR. 01:33:56.564 --> 01:33:57.798 align:center line:74% position:33% size:70% >> AGENDA ITEM NUMBER FOUR. 01:33:57.798 --> 01:33:58.432 align:center line:74% position:40% size:75% ECONOMIC AND REVENUE FORECAST 01:33:58.432 --> 01:33:59.467 align:center line:74% position:44% size:78% FOR AUGUST UPDATE FOR BRIEFING 01:33:59.467 --> 01:34:00.635 align:center line:74% position:17% size:40% AND DISCUSSION. 01:34:00.635 --> 01:34:01.936 align:center line:74% position:25% size:60% >> THANK YOU VERY MUCH. 01:34:01.936 --> 01:34:04.105 align:center line:74% position:40% size:75% I AM SO THANKFUL THAT WE HAVE 01:34:04.105 --> 01:34:08.909 align:center line:74% position:31% size:68% WITH US THE FOLKS FROM THE 01:34:08.909 --> 01:34:11.545 align:center line:74% position:31% size:68% OFFICE OF THE ECONOMIC AND 01:34:11.545 --> 01:34:15.449 align:center line:74% position:29% size:65% REVENUE FORECAST COUNCIL. 01:34:15.449 --> 01:34:19.587 align:center line:74% position:44% size:78% THIS IS AN INDEPENDENT OFFICE. 01:34:19.587 --> 01:34:20.821 align:center line:74% position:36% size:73% ALONG WITH THE TEAM FROM THE 01:34:20.821 --> 01:34:21.455 align:center line:74% position:20% size:50% CITY BUDGET OFFICE. 01:34:21.455 --> 01:34:24.225 align:center line:74% position:40% size:75% WE WILL HAVE WITH US DIRECTOR 01:34:24.225 --> 01:34:26.227 align:center line:74% position:40% size:75% BEN NOBLE, SEAN THOMPSON, ALL 01:34:26.227 --> 01:34:30.297 align:center line:74% position:50% size:80% FROM THE OFFICE OF ECONOMIC AND 01:34:30.297 --> 01:34:31.065 align:center line:74% position:18% size:45% REVENUE FORECAST. 01:34:31.065 --> 01:34:38.706 align:center line:74% position:33% size:70% WE HAVE JULIE TINGLEY, DAVE 01:34:38.706 --> 01:34:44.512 align:center line:74% position:33% size:70% HENNES, AND ALEX . TODAY I 01:34:44.512 --> 01:34:46.847 align:center line:74% position:50% size:80% WOULD LIKE TO ASK THE TEAM HERE 01:34:46.847 --> 01:34:55.156 align:center line:74% position:50% size:80% -- IF YOU CAN TRY TO ABBREVIATE 01:34:55.156 --> 01:34:55.589 align:center line:74% position:19% size:48% YOUR PRESENTATION. 01:34:55.589 --> 01:34:56.457 align:center line:74% position:40% size:75% I KNOW WE ORIGINALLY INTENDED 01:34:56.457 --> 01:34:57.658 align:center line:74% position:44% size:78% FOR A MUCH LONGER PRESENTATION 01:34:57.658 --> 01:34:57.892 align:center line:74% position:12% size:18% TODAY. 01:34:57.892 --> 01:34:59.694 align:center line:74% position:40% size:75% IT AS A REMINDER FOR EVERYONE 01:34:59.694 --> 01:35:00.728 align:center line:74% position:44% size:78% THE FULL PRESENTATION FROM THE 01:35:00.728 --> 01:35:02.096 align:center line:74% position:31% size:68% OFFICE OF ECONOMIC REVENUE 01:35:02.096 --> 01:35:07.068 align:center line:74% position:33% size:70% FORECAST CAN BE FOUND, FROM 01:35:07.068 --> 01:35:07.635 align:center line:74% position:33% size:70% LAST MONDAY'S PRESENTATION, 01:35:07.635 --> 01:35:08.736 align:center line:74% position:29% size:65% IT'S ALL AVAILABLE ON THE 01:35:08.736 --> 01:35:09.136 align:center line:74% position:17% size:43% SEATTLE CHANNEL. 01:35:09.136 --> 01:35:17.311 align:center line:74% position:40% size:75% IF YOU WANT MORE DETAILS THAT 01:35:17.311 --> 01:35:18.746 align:center line:74% position:40% size:75% THEY ARE NOT ABLE TO GET INTO 01:35:18.746 --> 01:35:20.181 align:center line:74% position:50% size:80% TODAY WE ENCOURAGE YOU TO WATCH 01:35:20.181 --> 01:35:21.015 align:center line:74% position:50% size:80% THE FULL PRESENTATION FROM LAST 01:35:21.015 --> 01:35:21.415 align:center line:74% position:13% size:20% MONDAY. 01:35:21.415 --> 01:35:22.450 align:center line:74% position:40% size:75% WITH THAT I'M EXCITED THAT WE 01:35:22.450 --> 01:35:23.484 align:center line:74% position:33% size:70% HAVE THE OPPORTUNITY, AS WE 01:35:23.484 --> 01:35:24.318 align:center line:74% position:25% size:60% HAVE COMMITTED TO EVERY 01:35:24.318 --> 01:35:26.053 align:center line:74% position:44% size:78% QUARTER, TO BE ABLE TO PROVIDE 01:35:26.053 --> 01:35:30.925 align:center line:74% position:40% size:75% A REPORT OUT IN THE OFFICE OF 01:35:30.925 --> 01:35:31.559 align:center line:74% position:40% size:75% ECONOMIC AND REVENUE FORECAST 01:35:31.559 --> 01:35:32.860 align:center line:74% position:36% size:73% IN THEIR PRESENTATION TO THE 01:35:32.860 --> 01:35:35.463 align:center line:74% position:40% size:75% FORECAST COUNCIL. AGAIN, THAT 01:35:35.463 --> 01:35:36.497 align:center line:74% position:29% size:65% TOOK PLACE ON AUGUST 8th. 01:35:36.497 --> 01:35:37.498 align:center line:74% position:36% size:73% THE PRESENTATION TODAY IS AN 01:35:37.498 --> 01:35:39.433 align:center line:74% position:33% size:70% ABBREVIATED VERSION OF THAT 01:35:39.433 --> 01:35:42.403 align:center line:74% position:40% size:75% PRESENTATION AND IT WILL SHOW 01:35:42.403 --> 01:35:44.171 align:center line:74% position:33% size:70% THAT WE CONTINUE TO RECEIVE 01:35:44.171 --> 01:35:49.777 align:center line:74% position:40% size:75% SHAKY NEWS AT BEST AT HOW THE 01:35:49.777 --> 01:35:50.377 align:center line:74% position:33% size:70% REVENUE PROJECTIONS FOR THE 01:35:50.377 --> 01:35:51.645 align:center line:74% position:40% size:75% CITY WILL CONTINUE TO COME IN 01:35:51.645 --> 01:35:53.247 align:center line:74% position:36% size:73% AND HOW THAT WILL IMPACT OUR 01:35:53.247 --> 01:35:54.081 align:center line:74% position:44% size:78% OVERALL HEALTH FOR THE GENERAL 01:35:54.081 --> 01:35:54.315 align:center line:74% position:12% size:15% FUND. 01:35:54.315 --> 01:35:56.717 align:center line:74% position:44% size:78% THIS WILL BE A PREVIEW OF WHAT 01:35:56.717 --> 01:35:57.551 align:center line:74% position:22% size:55% THE MAYOR'S OFFICE IS 01:35:57.551 --> 01:35:58.619 align:center line:74% position:22% size:55% CONSIDERING FOR THEIR 01:35:58.619 --> 01:36:03.057 align:center line:74% position:50% size:80% DELIBERATIONS IN CRAFTING THEIR 01:36:03.057 --> 01:36:04.291 align:center line:74% position:27% size:63% FALL BUDGET THAT WILL BE 01:36:04.291 --> 01:36:05.526 align:center line:74% position:50% size:80% TRANSMITTED TO US AT THE END OF 01:36:05.526 --> 01:36:06.127 align:center line:74% position:14% size:30% NEXT MONTH. 01:36:06.127 --> 01:36:06.961 align:center line:74% position:31% size:68% WITH THAT, THANKS AGAIN TO 01:36:06.961 --> 01:36:08.028 align:center line:74% position:24% size:58% DIRECTOR NOBLE FOR THE 01:36:08.028 --> 01:36:08.963 align:center line:74% position:31% size:68% ABBREVIATED VERSION TODAY. 01:36:08.963 --> 01:36:12.500 align:center line:74% position:18% size:45% YOU ARE UP FIRST. 01:36:12.500 --> 01:36:12.900 align:center line:74% position:15% size:35% >> THANK YOU. 01:36:12.900 --> 01:36:13.334 align:center line:74% position:15% size:33% MY PLEASURE. 01:36:13.334 --> 01:36:14.502 align:center line:74% position:40% size:75% I WILL LEAVE THE PRESENTATION 01:36:14.502 --> 01:36:15.336 align:center line:74% position:24% size:58% AS WE MOVE THROUGH IT. 01:36:15.336 --> 01:36:17.171 align:center line:74% position:44% size:78% WE WILL MOVE TO ACTUAL REVENUE 01:36:17.171 --> 01:36:18.172 align:center line:74% position:15% size:33% DISCUSSIONS. 01:36:18.172 --> 01:36:24.378 align:center line:74% position:50% size:80% ALSO DAVE, ALEX, IT CAN JOIN IN. 01:36:24.378 --> 01:36:29.049 align:center line:74% position:44% size:78% WITH THAT I'M GOING TO DIVE IN 01:36:29.049 --> 01:36:29.717 align:center line:74% position:50% size:80% TO OUR POWERPOINT PRESENTATION. 01:36:29.717 --> 01:36:31.252 align:center line:74% position:33% size:70% IT'S GOING TO GO RELATIVELY 01:36:31.252 --> 01:36:32.553 align:center line:74% position:25% size:60% QUICKLY GIVEN THE TIME. 01:36:32.553 --> 01:36:34.555 align:center line:74% position:44% size:78% I'M HAPPY TO STOP IF THERE ARE 01:36:34.555 --> 01:36:35.456 align:center line:74% position:14% size:28% QUESTIONS. 01:36:35.456 --> 01:36:45.666 align:center line:74% position:14% size:30% HERE WE GO. 01:36:46.167 --> 01:36:47.301 align:center line:74% position:33% size:70% REAL QUICK, WE ARE GOING TO 01:36:47.301 --> 01:36:48.569 align:center line:74% position:36% size:73% START WITH A BRIEF UPDATE ON 01:36:48.569 --> 01:36:49.904 align:center line:74% position:33% size:70% HOW THE ECONOMY HAS CHANGED 01:36:49.904 --> 01:36:53.841 align:center line:74% position:33% size:70% SINCE APRIL WHEN WE DID OUR 01:36:53.841 --> 01:36:54.875 align:center line:74% position:50% size:80% INITIAL FORECAST FOR THIS YEAR. 01:36:54.875 --> 01:36:56.477 align:center line:74% position:33% size:70% WE WILL TALK ABOUT WHAT THE 01:36:56.477 --> 01:36:58.445 align:center line:74% position:44% size:78% NATIONAL AND REGIONAL ECONOMIC 01:36:58.445 --> 01:37:01.515 align:center line:74% position:27% size:63% FORECASTER LOOKING LIKE. 01:37:01.515 --> 01:37:02.316 align:center line:74% position:21% size:53% LASTLY, WHAT ARE THE 01:37:02.316 --> 01:37:03.684 align:center line:74% position:50% size:80% IMPLICATIONS OF THOSE FORECASTS 01:37:03.684 --> 01:37:05.853 align:center line:74% position:50% size:80% ON OUR SPECIFIC PREDICTIONS FOR 01:37:05.853 --> 01:37:06.654 align:center line:74% position:31% size:68% REVENUES HERE IN THE CITY? 01:37:06.654 --> 01:37:08.756 align:center line:74% position:40% size:75% BOTH FOR THIS YEAR, 2022, BUT 01:37:08.756 --> 01:37:19.166 align:center line:74% position:25% size:60% ALSO FOR 2023 AND 2024. 01:37:20.167 --> 01:37:21.135 align:center line:74% position:44% size:78% HEADLINE NEWS, IN TERMS OF THE 01:37:21.135 --> 01:37:22.169 align:center line:74% position:22% size:55% ECONOMY, HAS NOT BEEN 01:37:22.169 --> 01:37:22.469 align:center line:74% position:14% size:30% SURPRISING. 01:37:22.469 --> 01:37:23.404 align:center line:74% position:29% size:65% IT'S ALL ABOUT INFLATION. 01:37:23.404 --> 01:37:25.639 align:center line:74% position:40% size:75% IT ALSO THE FEDERAL RESERVE'S 01:37:25.639 --> 01:37:26.640 align:center line:74% position:40% size:75% RESPONSE TO INFLATION AND THE 01:37:26.640 --> 01:37:27.841 align:center line:74% position:40% size:75% POTENTIAL IMPACT THAT RAISING 01:37:27.841 --> 01:37:31.145 align:center line:74% position:29% size:65% INTEREST RATES HAS ON THE 01:37:31.145 --> 01:37:33.948 align:center line:74% position:13% size:23% ECONOMY. 01:37:33.948 --> 01:37:40.154 align:center line:74% position:50% size:80% WE HAVE ACTUALLY SEEN THE TOTAL 01:37:40.154 --> 01:37:40.821 align:center line:74% position:27% size:63% PRODUCTIVITY OF THE U.S. 01:37:40.821 --> 01:37:42.189 align:center line:74% position:29% size:65% DECLINE FOR TWO QUARTERS. 01:37:42.189 --> 01:37:44.191 align:center line:74% position:50% size:80% AT THE SAME TIME THE EMPLOYMENT 01:37:44.191 --> 01:37:46.327 align:center line:74% position:24% size:58% MARKET REMAINS STRONG. 01:37:46.327 --> 01:37:47.595 align:center line:74% position:50% size:80% 500,000 JOBS CREATED NATIONWIDE 01:37:47.595 --> 01:37:52.066 align:center line:74% position:13% size:23% IN JULY. 01:37:52.066 --> 01:37:53.100 align:center line:74% position:44% size:78% THERE ARE MIXED MESSAGES ABOUT 01:37:53.100 --> 01:37:54.101 align:center line:74% position:27% size:63% WHAT'S GOING ON IN HERE. 01:37:54.101 --> 01:37:55.369 align:center line:74% position:33% size:70% ALL A PRODUCT OF AN ECONOMY 01:37:55.369 --> 01:37:58.672 align:center line:74% position:40% size:75% EMERGING OUT OF THE PANDEMIC. 01:37:58.672 --> 01:38:00.441 align:center line:74% position:44% size:78% A KEY QUESTION IS GOING TO BE, 01:38:00.441 --> 01:38:03.544 align:center line:74% position:24% size:58% HOW DOES THAT BALANCE? 01:38:03.544 --> 01:38:04.812 align:center line:74% position:31% size:68% DOES THE FED MOVED TO COOL 01:38:04.812 --> 01:38:06.046 align:center line:74% position:36% size:73% THINGS OFF BY RAISING RATES? 01:38:06.046 --> 01:38:07.448 align:center line:74% position:33% size:70% ARE THEY ABLE TO DO THAT TO 01:38:07.448 --> 01:38:08.082 align:center line:74% position:36% size:73% BRING DOWN INFLATION WITHOUT 01:38:08.082 --> 01:38:09.683 align:center line:74% position:33% size:70% HAVING A NEGATIVE IMPACT ON 01:38:09.683 --> 01:38:13.020 align:center line:74% position:21% size:53% JOBS AND JOB GROWTH? 01:38:13.020 --> 01:38:14.455 align:center line:74% position:40% size:75% ONE POINT I WANT TO MAKE AS A 01:38:14.455 --> 01:38:15.089 align:center line:74% position:15% size:35% MOVE ON HERE. 01:38:15.089 --> 01:38:19.460 align:center line:74% position:40% size:75% IN THE FORECAST YOU WILL SEE, 01:38:19.460 --> 01:38:19.994 align:center line:74% position:24% size:58% THE BASELINE FORECAST, 01:38:19.994 --> 01:38:21.295 align:center line:74% position:36% size:73% ULTIMATELY THE BASIS FOR OUR 01:38:21.295 --> 01:38:24.932 align:center line:74% position:17% size:43% REVENUE NUMBERS. 01:38:24.932 --> 01:38:26.133 align:center line:74% position:44% size:78% WE HAD ANTICIPATED MUCH OF THE 01:38:26.133 --> 01:38:27.768 align:center line:74% position:44% size:78% RECENT NEWS ABOUT THE ECONOMY. 01:38:27.768 --> 01:38:34.975 align:center line:74% position:50% size:80% IT HAD ANTICIPATED THAT THE GDP 01:38:34.975 --> 01:38:35.376 align:center line:74% position:16% size:38% WOULD DECLINE. 01:38:35.376 --> 01:38:36.644 align:center line:74% position:50% size:80% ALTHOUGH IT WASN'T GOOD NEWS IT 01:38:36.644 --> 01:38:37.878 align:center line:74% position:44% size:78% WAS NOT A SURPRISE RELATIVE TO 01:38:37.878 --> 01:38:38.879 align:center line:74% position:27% size:63% THE FORECAST THAT WE ARE 01:38:38.879 --> 01:38:39.280 align:center line:74% position:15% size:35% WORKING WITH. 01:38:39.280 --> 01:38:41.148 align:center line:74% position:36% size:73% SIMILARLY, THE FED RESPONDED 01:38:41.148 --> 01:38:43.117 align:center line:74% position:50% size:80% WITH A THREE-QUARTER PERCENTAGE 01:38:43.117 --> 01:38:43.484 align:center line:74% position:16% size:38% RATE INCREASE. 01:38:43.484 --> 01:38:44.718 align:center line:74% position:36% size:73% SIGNIFICANT INCREASES IN THE 01:38:44.718 --> 01:38:46.186 align:center line:74% position:13% size:25% FED RATE. 01:38:46.186 --> 01:38:50.958 align:center line:74% position:36% size:73% THOSE WERE ALSO ANTICIPATED. 01:38:50.958 --> 01:38:52.393 align:center line:74% position:50% size:80% SOME OF THE REASONS BAD NEWS IS 01:38:52.393 --> 01:38:53.527 align:center line:74% position:24% size:58% BAKED IN, IF YOU WILL. 01:38:53.527 --> 01:38:58.532 align:center line:74% position:40% size:75% JUST ILLUSTRATE HOW INFLATION 01:38:58.532 --> 01:39:00.167 align:center line:74% position:44% size:78% HAS TAKEN OFF, HOW TO BECOME A 01:39:00.167 --> 01:39:01.001 align:center line:74% position:36% size:73% DOMINANT FORCE, THIS GRAPHIC 01:39:01.001 --> 01:39:02.036 align:center line:74% position:44% size:78% SHOWS YOU, AT LEAST INITIALLY, 01:39:02.036 --> 01:39:03.103 align:center line:74% position:36% size:73% THIS IS THE EXPECTED PATH OF 01:39:03.103 --> 01:39:04.338 align:center line:74% position:36% size:73% INFLATION WHEN WE GIVE YOU A 01:39:04.338 --> 01:39:05.706 align:center line:74% position:44% size:78% REVENUE FORECAST LAST NOVEMBER 01:39:05.706 --> 01:39:08.442 align:center line:74% position:27% size:63% WITH THE ADOPTED BUDGET. 01:39:08.442 --> 01:39:09.443 align:center line:74% position:44% size:78% THEY SAID INFLATION WOULD PEAK 01:39:09.443 --> 01:39:10.644 align:center line:74% position:40% size:75% AT ABOUT 5% AND WOULD ALREADY 01:39:10.644 --> 01:39:11.478 align:center line:74% position:20% size:50% BE WELL IN DECLINE. 01:39:11.478 --> 01:39:13.113 align:center line:74% position:36% size:73% THAT WAS REVISED WHEN WE DID 01:39:13.113 --> 01:39:16.183 align:center line:74% position:33% size:70% THE APRIL FORECAST. AT THAT 01:39:16.183 --> 01:39:17.518 align:center line:74% position:50% size:80% POINT, IF YOU RECALL, INFLATION 01:39:17.518 --> 01:39:19.853 align:center line:74% position:29% size:65% HAD SPIKED IN JANUARY AND 01:39:19.853 --> 01:39:20.321 align:center line:74% position:13% size:25% FEBRUARY. 01:39:20.321 --> 01:39:21.088 align:center line:74% position:36% size:73% BUT STILL THE EXPECTATION IS 01:39:21.088 --> 01:39:24.391 align:center line:74% position:50% size:80% THAT IT WOULD COME DOWN QUICKLY. 01:39:24.391 --> 01:39:25.793 align:center line:74% position:21% size:53% THAT WAS A UNIVERSAL 01:39:25.793 --> 01:39:27.494 align:center line:74% position:29% size:65% EXPECTATION AT THAT TIME. 01:39:27.494 --> 01:39:29.496 align:center line:74% position:44% size:78% AS WE DELIVER THE FORECAST THE 01:39:29.496 --> 01:39:32.366 align:center line:74% position:33% size:70% EXPECTATIONS AND REALITY ON 01:39:32.366 --> 01:39:33.600 align:center line:74% position:40% size:75% INFLATION HAVE SHIFTED UP AND 01:39:33.600 --> 01:39:35.636 align:center line:74% position:36% size:73% AGAIN WE HAVE NATIONAL RATES 01:39:35.636 --> 01:39:41.275 align:center line:74% position:29% size:65% ABOVE 9%. NOTICE THAT THE 01:39:41.275 --> 01:39:44.011 align:center line:74% position:40% size:75% CONTINUED EXPECTATION IS THAT 01:39:44.011 --> 01:39:45.212 align:center line:74% position:33% size:70% THE ACTIONS OF THE FED WILL 01:39:45.212 --> 01:39:46.380 align:center line:74% position:36% size:73% WORK AND INFLATION WILL DROP 01:39:46.380 --> 01:39:47.715 align:center line:74% position:20% size:50% RELATIVELY QUICKLY. 01:39:47.715 --> 01:39:50.184 align:center line:74% position:50% size:80% WE MAY HAVE SEEN THE FIRST DATA 01:39:50.184 --> 01:39:51.018 align:center line:74% position:16% size:38% POINT OF THAT. 01:39:51.018 --> 01:39:52.286 align:center line:74% position:40% size:75% THE NUMBER FOR JULY WAS BELOW 01:39:52.286 --> 01:39:53.287 align:center line:74% position:16% size:38% THAT FOR JUNE. 01:39:53.287 --> 01:39:54.655 align:center line:74% position:31% size:68% BUT THE EXPECTATION IS THE 01:39:54.655 --> 01:39:57.024 align:center line:74% position:36% size:73% ACTIONS OF THE FED -- BY THE 01:39:57.024 --> 01:39:59.059 align:center line:74% position:40% size:75% MIDDLE OF NEXT YEAR INFLATION 01:39:59.059 --> 01:40:05.699 align:center line:74% position:40% size:75% WILL BE BACK BELOW 4%. AGAIN, 01:40:05.699 --> 01:40:11.538 align:center line:74% position:31% size:68% THAT'S CONSISTENT WITH THE 01:40:11.538 --> 01:40:12.339 align:center line:74% position:22% size:55% APPROACH OF THE FEDS. 01:40:12.339 --> 01:40:13.407 align:center line:74% position:36% size:73% THE EXPECTATION IS THEY WILL 01:40:13.407 --> 01:40:14.408 align:center line:74% position:36% size:73% RAISE INTEREST RATES IN SOME 01:40:14.408 --> 01:40:16.010 align:center line:74% position:22% size:55% WAYS TO MAKE THIS SO. 01:40:16.010 --> 01:40:17.878 align:center line:74% position:50% size:80% WITH POTENTIAL IMPLICATIONS FOR 01:40:17.878 --> 01:40:18.278 align:center line:74% position:14% size:30% EMPLOYMENT. 01:40:18.278 --> 01:40:19.313 align:center line:74% position:50% size:80% BUT THAT IS THE EXPECTATION AND 01:40:19.313 --> 01:40:20.781 align:center line:74% position:36% size:73% THAT IS WHAT IS REFLECTED IN 01:40:20.781 --> 01:40:21.715 align:center line:74% position:15% size:35% THE FORECAST. 01:40:21.715 --> 01:40:27.688 align:center line:74% position:44% size:78% IN TERMS OF EMPLOYMENT LOCALLY 01:40:27.688 --> 01:40:28.722 align:center line:74% position:27% size:63% WE HAVE NOT REACHED FULL 01:40:28.722 --> 01:40:29.523 align:center line:74% position:33% size:70% RECOVERY FROM THE PANDEMIC. 01:40:29.523 --> 01:40:30.791 align:center line:74% position:27% size:63% BUT THE RED LINE IN THIS 01:40:30.791 --> 01:40:31.825 align:center line:74% position:50% size:80% GRAPHIC SHOWS A TOTAL NUMBER OF 01:40:31.825 --> 01:40:33.394 align:center line:74% position:44% size:78% JOBS THAT REMAIN LOST RELATIVE 01:40:33.394 --> 01:40:37.731 align:center line:74% position:33% size:70% TO THE PRE-PANDEMIC LEVELS. 01:40:37.731 --> 01:40:38.132 align:center line:74% position:15% size:33% 20,000 JOBS. 01:40:38.132 --> 01:40:39.733 align:center line:74% position:50% size:80% THAT'S ABOUT 1% OF THE REGIONAL 01:40:39.733 --> 01:40:43.437 align:center line:74% position:19% size:48% EMPLOYMENT LEVELS. 01:40:43.437 --> 01:40:44.671 align:center line:74% position:36% size:73% THE OTHER THING THIS GRAPHIC 01:40:44.671 --> 01:40:45.906 align:center line:74% position:50% size:80% SHOWS YOU, AND THIS IS A REALLY 01:40:45.906 --> 01:40:46.907 align:center line:74% position:27% size:63% IMPORTANT POINT, THE JOB 01:40:46.907 --> 01:40:47.741 align:center line:74% position:44% size:78% RECOVERY HAS BEEN VERY UNEVEN. 01:40:47.741 --> 01:40:49.143 align:center line:74% position:44% size:78% IF YOU LOOK DOWN TO THE BOTTOM 01:40:49.143 --> 01:40:50.344 align:center line:74% position:44% size:78% AND TO THE RIGHT, PROFESSIONAL 01:40:50.344 --> 01:40:50.944 align:center line:74% position:36% size:73% SERVICES INFORMATION, TRADE, 01:40:50.944 --> 01:40:58.152 align:center line:74% position:36% size:73% WHICH IS A LOT OF THE ONLINE 01:40:58.152 --> 01:40:58.952 align:center line:74% position:44% size:78% RETAIL TRADE BEING REPRESENTED 01:40:58.952 --> 01:40:59.186 align:center line:74% position:12% size:18% THERE. 01:40:59.186 --> 01:40:59.987 align:center line:74% position:33% size:70% THOSE SECTORS HAVE ACTUALLY 01:40:59.987 --> 01:41:00.788 align:center line:74% position:22% size:55% INCREASED THEIR TOTAL 01:41:00.788 --> 01:41:01.422 align:center line:74% position:44% size:78% EMPLOYMENT SINCE THE BEGINNING 01:41:01.422 --> 01:41:02.055 align:center line:74% position:17% size:43% OF THE PANDEMIC. 01:41:02.055 --> 01:41:03.257 align:center line:74% position:40% size:75% WE HAVE BEEN GROWING IN THOSE 01:41:03.257 --> 01:41:04.057 align:center line:74% position:17% size:40% AREAS STRONGLY. 01:41:04.057 --> 01:41:06.693 align:center line:74% position:29% size:65% AT THE SAME TIME LEISURE, 01:41:06.693 --> 01:41:10.130 align:center line:74% position:31% size:68% HOSPITALITY, MANUFACTURING 01:41:10.130 --> 01:41:17.137 align:center line:74% position:17% size:43% CONTINUE TO LAG. 01:41:17.137 --> 01:41:17.938 align:center line:74% position:31% size:68% THE HOTEL, RESTAURANT, AND 01:41:17.938 --> 01:41:19.173 align:center line:74% position:36% size:73% OTHER ASPECTS OF LEISURE AND 01:41:19.173 --> 01:41:19.773 align:center line:74% position:31% size:68% HOSPITALITY HAVE NOT FULLY 01:41:19.773 --> 01:41:20.073 align:center line:74% position:14% size:28% RECOVERED. 01:41:20.073 --> 01:41:24.478 align:center line:74% position:36% size:73% THE GOOD NEWS ON THAT FRONT. 01:41:24.478 --> 01:41:25.312 align:center line:74% position:29% size:65% THE SUMMER TOURIST SEASON 01:41:25.312 --> 01:41:25.913 align:center line:74% position:22% size:55% APPEARS QUITE STRONG. 01:41:25.913 --> 01:41:27.347 align:center line:74% position:50% size:80% WE HAVE DATA FROM THE NUMBER OF 01:41:27.347 --> 01:41:28.182 align:center line:74% position:31% size:68% VISITORS INTO THE DOWNTOWN 01:41:28.182 --> 01:41:28.382 align:center line:74% position:12% size:15% AREA. 01:41:28.382 --> 01:41:29.450 align:center line:74% position:33% size:70% AGAIN, IT'S NOT BACK TO PRE- 01:41:29.450 --> 01:41:30.884 align:center line:74% position:29% size:65% PANDEMIC LEVELS BUT IT IS 01:41:30.884 --> 01:41:32.419 align:center line:74% position:17% size:40% LOOKING STRONG. 01:41:32.419 --> 01:41:34.755 align:center line:74% position:50% size:80% WE DO HAVE SOME CONCERN, GOING 01:41:34.755 --> 01:41:37.157 align:center line:74% position:50% size:80% FORWARD, ABOUT THE ROLL OF THE 01:41:37.157 --> 01:41:38.692 align:center line:74% position:50% size:80% TECH SECTOR AND WHETHER IT WILL 01:41:38.692 --> 01:41:40.227 align:center line:74% position:27% size:63% BE AS STRONG OF A FORCE. 01:41:40.227 --> 01:41:42.162 align:center line:74% position:24% size:58% THE REDLINE IS SHOWING 01:41:42.162 --> 01:41:48.168 align:center line:74% position:50% size:80% EMPLOYMENT GROWTH IN THE TRADE, 01:41:48.168 --> 01:41:48.902 align:center line:74% position:40% size:75% INFORMATION, AND PROFESSIONAL 01:41:48.902 --> 01:41:49.670 align:center line:74% position:50% size:80% BUSINESS SECTORS, WHICH CAPTURE 01:41:49.670 --> 01:41:50.237 align:center line:74% position:31% size:68% THE TECHNOLOGY EMPLOYMENT. 01:41:50.237 --> 01:41:52.673 align:center line:74% position:44% size:78% WHAT THEY SHOW IS, SINCE 2011, 01:41:52.673 --> 01:41:58.879 align:center line:74% position:31% size:68% WE HAVE SEEN FIVE, SIX, 7% 01:41:58.879 --> 01:42:00.113 align:center line:74% position:40% size:75% GROWTH IN EMPLOYMENT IN THOSE 01:42:00.113 --> 01:42:00.481 align:center line:74% position:13% size:23% SECTORS. 01:42:00.481 --> 01:42:01.281 align:center line:74% position:29% size:65% HIGH-PAYING JOBS IN THOSE 01:42:01.281 --> 01:42:02.516 align:center line:74% position:13% size:23% SECTORS. 01:42:02.516 --> 01:42:09.556 align:center line:74% position:50% size:80% THE BLUE LINE IS THE GROWTH AND 01:42:09.556 --> 01:42:10.591 align:center line:74% position:24% size:58% NOTES IN THE SAME JOB. 01:42:10.591 --> 01:42:13.160 align:center line:74% position:40% size:75% IT HAS ALSO BEEN VERY STRONG. 01:42:13.160 --> 01:42:14.094 align:center line:74% position:33% size:70% SEATTLE IS INCLUDED IN THAT 01:42:14.094 --> 01:42:14.495 align:center line:74% position:14% size:28% BLUE LINE. 01:42:14.495 --> 01:42:16.330 align:center line:74% position:33% size:70% WHAT IS APPARENT IS WE HAVE 01:42:16.330 --> 01:42:17.364 align:center line:74% position:50% size:80% BEEN LEADING, THE CITY HAS BEEN 01:42:17.364 --> 01:42:18.599 align:center line:74% position:36% size:73% LEADING THAT REGIONAL GROWTH 01:42:18.599 --> 01:42:20.434 align:center line:74% position:25% size:60% AND EMPLOYMENT. THAT IS 01:42:20.434 --> 01:42:20.734 align:center line:74% position:14% size:30% CONSISTENT. 01:42:20.734 --> 01:42:21.468 align:center line:74% position:19% size:48% WE HAVE SEEN THIS. 01:42:21.468 --> 01:42:23.670 align:center line:74% position:44% size:78% WE HAVE SEEN AMAZON, FACEBOOK, 01:42:23.670 --> 01:42:28.809 align:center line:74% position:50% size:80% APPLE, AND THE LIKE, INCREASING 01:42:28.809 --> 01:42:31.445 align:center line:74% position:50% size:80% THEIR PRESENCE HERE IN THE CITY. 01:42:31.445 --> 01:42:33.514 align:center line:74% position:40% size:75% BUT THERE IS AN OPEN QUESTION 01:42:33.514 --> 01:42:34.314 align:center line:74% position:33% size:70% ABOUT WHETHER THAT LEVEL OF 01:42:34.314 --> 01:42:35.816 align:center line:74% position:36% size:73% GROWTH IS SUSTAINED INTO THE 01:42:35.816 --> 01:42:36.216 align:center line:74% position:13% size:20% FUTURE. 01:42:36.216 --> 01:42:37.217 align:center line:74% position:44% size:78% THERE IS AT LEAST SOME INITIAL 01:42:37.217 --> 01:42:39.453 align:center line:74% position:50% size:80% DATA AND ANECDOTES THAT SUCCESS 01:42:39.453 --> 01:42:40.654 align:center line:74% position:14% size:28% OTHERWISE. 01:42:40.654 --> 01:42:45.225 align:center line:74% position:27% size:63% THE REGIONAL COUNCIL HAS 01:42:45.225 --> 01:42:46.493 align:center line:74% position:44% size:78% EMPLOYMENT DOWN TO A MUNICIPAL 01:42:46.493 --> 01:42:46.727 align:center line:74% position:12% size:18% LEVEL. 01:42:46.727 --> 01:42:51.732 align:center line:74% position:40% size:75% WHEN IT SHOWS, AND 2021, THAT 01:42:51.732 --> 01:42:52.733 align:center line:74% position:22% size:55% THE FIRST EVIDENCE OF 01:42:52.733 --> 01:42:53.367 align:center line:74% position:27% size:63% EMPLOYMENT GROWTH IN THE 01:42:53.367 --> 01:42:54.601 align:center line:74% position:44% size:78% SECTORS HAS DROPPED OFF IN THE 01:42:54.601 --> 01:42:54.902 align:center line:74% position:12% size:15% CITY. 01:42:54.902 --> 01:42:56.236 align:center line:74% position:40% size:75% AND WITH IT IT HAS PULLED THE 01:42:56.236 --> 01:42:57.037 align:center line:74% position:21% size:53% REGION DOWN AS WELL. 01:42:57.037 --> 01:42:58.639 align:center line:74% position:44% size:78% CURRENTLY, BECAUSE OF THE WORK 01:42:58.639 --> 01:42:59.940 align:center line:74% position:36% size:73% FROM HOME ISSUE AND TRACKING 01:42:59.940 --> 01:43:01.141 align:center line:74% position:33% size:70% EMPLOYMENT BY LOCATION IS A 01:43:01.141 --> 01:43:01.808 align:center line:74% position:20% size:50% TRICKY THING TO DO. 01:43:01.808 --> 01:43:05.646 align:center line:74% position:36% size:73% I WOULD DESCRIBE TO YOU THIS 01:43:05.646 --> 01:43:06.046 align:center line:74% position:18% size:45% PRELIMINARY DATA. 01:43:06.046 --> 01:43:07.147 align:center line:74% position:36% size:73% BUT THEY ARE CONSISTENT WITH 01:43:07.147 --> 01:43:07.915 align:center line:74% position:36% size:73% THE ANECDOTAL INFORMATION WE 01:43:07.915 --> 01:43:09.249 align:center line:74% position:31% size:68% HAVE HEARD FROM LARGE TECH 01:43:09.249 --> 01:43:13.854 align:center line:74% position:24% size:58% EMPLOYERS ABOUT HIRING 01:43:13.854 --> 01:43:14.655 align:center line:74% position:22% size:55% SLOWDOWNS OR FREEZES. 01:43:14.655 --> 01:43:15.455 align:center line:74% position:40% size:75% AND ALSO THEIR INVESTMENTS IN 01:43:15.455 --> 01:43:16.957 align:center line:74% position:44% size:78% FACILITIES ON THE EAST SIDE OF 01:43:16.957 --> 01:43:20.827 align:center line:74% position:13% size:25% THE LAKE. 01:43:20.827 --> 01:43:21.662 align:center line:74% position:50% size:80% THINK ABOUT THE SEATTLE ECONOMY 01:43:21.662 --> 01:43:22.663 align:center line:74% position:44% size:78% GOING FORWARD, SPECIFIC TO THE 01:43:22.663 --> 01:43:23.664 align:center line:74% position:31% size:68% CITY, THIS INFORMATION HAS 01:43:23.664 --> 01:43:24.631 align:center line:74% position:25% size:60% CERTAINLY INFLUENCE OUR 01:43:24.631 --> 01:43:26.333 align:center line:74% position:50% size:80% THINKING ABOUT LONG-TERM GROWTH. 01:43:26.333 --> 01:43:28.001 align:center line:74% position:40% size:75% AND AS YOU CAN SEE, GROWTH IN 01:43:28.001 --> 01:43:31.171 align:center line:74% position:25% size:60% THE PAYROLL EXPENSE TAX 01:43:31.171 --> 01:43:32.472 align:center line:74% position:13% size:25% REVENUES. 01:43:32.472 --> 01:43:34.274 align:center line:74% position:44% size:78% A PIECE OF THE OVERALL PICTURE 01:43:34.274 --> 01:43:35.442 align:center line:74% position:12% size:15% HERE. 01:43:35.442 --> 01:43:38.679 align:center line:74% position:40% size:75% LET'S TALK ABOUT THE NATIONAL 01:43:38.679 --> 01:43:39.479 align:center line:74% position:40% size:75% AND REGIONAL FORECAST LOOKING 01:43:39.479 --> 01:43:39.746 align:center line:74% position:13% size:23% FORWARD. 01:43:39.746 --> 01:43:40.747 align:center line:74% position:50% size:80% WHAT ARE FOLKS PREDICTING ABOUT 01:43:40.747 --> 01:43:43.150 align:center line:74% position:40% size:75% THE ECONOMY AND HOW ARE THOSE 01:43:43.150 --> 01:43:43.984 align:center line:74% position:44% size:78% PREDICTIONS CHANGING IN RECENT 01:43:43.984 --> 01:43:44.818 align:center line:74% position:13% size:20% MONTHS? 01:43:44.818 --> 01:43:47.588 align:center line:74% position:50% size:80% AGAIN, THIS IS A GRAPHIC THAT'S 01:43:47.588 --> 01:43:52.192 align:center line:74% position:27% size:63% DESIGNED TO CONTRACT THE 01:43:52.192 --> 01:43:52.793 align:center line:74% position:18% size:45% NATIONAL ECONOMY. 01:43:52.793 --> 01:43:53.627 align:center line:74% position:33% size:70% SPECIFICALLY ON THE PLANET. 01:43:53.627 --> 01:43:54.761 align:center line:74% position:33% size:70% THERE ARE OTHER METRICS YOU 01:43:54.761 --> 01:43:58.899 align:center line:74% position:14% size:28% COULD USE. 01:43:58.899 --> 01:43:59.933 align:center line:74% position:44% size:78% YOU WOULD SEE SIMILAR PATTERNS 01:43:59.933 --> 01:44:00.534 align:center line:74% position:14% size:28% IF YOU DO. 01:44:00.534 --> 01:44:01.768 align:center line:74% position:44% size:78% WHAT YOU SEE HERE, AGAIN, THIS 01:44:01.768 --> 01:44:02.769 align:center line:74% position:29% size:65% IS THE EXPECTATION IN THE 01:44:02.769 --> 01:44:03.403 align:center line:74% position:24% size:58% FORECAST FROM OCTOBER. 01:44:03.403 --> 01:44:04.638 align:center line:74% position:29% size:65% WHEN WE WERE DEVELOPING A 01:44:04.638 --> 01:44:08.942 align:center line:74% position:29% size:65% FORECAST THAT THIS YEAR'S 01:44:08.942 --> 01:44:09.576 align:center line:74% position:21% size:53% BUDGET WAS BASED ON. 01:44:09.576 --> 01:44:11.078 align:center line:74% position:50% size:80% YOU CAN SEE THERE IS A DRAMATIC 01:44:11.078 --> 01:44:12.479 align:center line:74% position:40% size:75% DROP IN ON A PLANET SINCE THE 01:44:12.479 --> 01:44:12.846 align:center line:74% position:13% size:25% PANDEMIC. 01:44:12.846 --> 01:44:14.281 align:center line:74% position:31% size:68% THE EXPECTATION WAS GROWTH 01:44:14.281 --> 01:44:15.549 align:center line:74% position:36% size:73% CONTINUING MODESTLY INTO THE 01:44:15.549 --> 01:44:18.352 align:center line:74% position:13% size:20% FUTURE. 01:44:18.352 --> 01:44:23.557 align:center line:74% position:44% size:78% THAT WAS REVISED SLIGHTLY, AND 01:44:23.557 --> 01:44:24.558 align:center line:74% position:40% size:75% ONLY SLIGHTLY WHEN WE BROUGHT 01:44:24.558 --> 01:44:25.392 align:center line:74% position:25% size:60% YOU THE APRIL FORECAST. 01:44:25.392 --> 01:44:26.393 align:center line:74% position:40% size:75% WHAT HAPPENED THERE IS THINGS 01:44:26.393 --> 01:44:28.061 align:center line:74% position:36% size:73% ARE GOING A LITTLE BETTER IN 01:44:28.061 --> 01:44:28.462 align:center line:74% position:16% size:38% THE NEAR-TERM. 01:44:28.462 --> 01:44:29.730 align:center line:74% position:40% size:75% SO YOU CAN SEE THE EMPLOYMENT 01:44:29.730 --> 01:44:31.331 align:center line:74% position:44% size:78% FORECAST WENT UP AT A NATIONAL 01:44:31.331 --> 01:44:31.565 align:center line:74% position:12% size:18% LEVEL. 01:44:31.565 --> 01:44:32.966 align:center line:74% position:50% size:80% THAT WAS APPROXIMATELY THE SAME 01:44:32.966 --> 01:44:35.569 align:center line:74% position:20% size:50% IN THE LONGER-TERM. 01:44:35.569 --> 01:44:36.436 align:center line:74% position:31% size:68% THINGS ON THE UNEMPLOYMENT 01:44:36.436 --> 01:44:38.005 align:center line:74% position:33% size:70% úFRONT HAD BEEN LOOKING AT. 01:44:38.005 --> 01:44:41.642 align:center line:74% position:29% size:65% THE MORE RECENT FORECASTS 01:44:41.642 --> 01:44:45.178 align:center line:74% position:40% size:75% INDICATE A SLOWER RECOVERY IS 01:44:45.178 --> 01:44:47.447 align:center line:74% position:33% size:70% EXPECTED INTO NEXT YEAR AND 01:44:47.447 --> 01:44:51.785 align:center line:74% position:13% size:20% BEYOND. 01:44:51.785 --> 01:44:52.819 align:center line:74% position:31% size:68% WE ARE STILL SEEING STRONG 01:44:52.819 --> 01:44:53.353 align:center line:74% position:19% size:48% EMPLOYMENT GROWTH. 01:44:53.353 --> 01:44:54.521 align:center line:74% position:29% size:65% WE MENTIONED THOSE STRONG 01:44:54.521 --> 01:44:58.158 align:center line:74% position:19% size:48% NUMBERS FROM JULY. 01:44:58.158 --> 01:44:59.459 align:center line:74% position:40% size:75% GIVEN THAT THE FED IS WORKING 01:44:59.459 --> 01:45:00.460 align:center line:74% position:31% size:68% HARD NOW TO RAISE INTEREST 01:45:00.460 --> 01:45:01.662 align:center line:74% position:40% size:75% RATES AND COOL THINGS DOWN IN 01:45:01.662 --> 01:45:02.696 align:center line:74% position:25% size:60% AN EFFORT TO BRING DOWN 01:45:02.696 --> 01:45:03.497 align:center line:74% position:36% size:73% INFLATION THE EXPECTATION IS 01:45:03.497 --> 01:45:05.132 align:center line:74% position:33% size:70% THAT THE JOB GROWTH WILL BE 01:45:05.132 --> 01:45:13.707 align:center line:74% position:40% size:75% MUCH MORE INTO 2024 AND 2025. 01:45:13.707 --> 01:45:15.142 align:center line:74% position:50% size:80% YOU WILL SEE THIS EFFECT IN OUR 01:45:15.142 --> 01:45:15.742 align:center line:74% position:18% size:45% REVENUE FORECAST. 01:45:15.742 --> 01:45:16.376 align:center line:74% position:44% size:78% AGAIN, ON AVERAGE, EXPECTATION 01:45:16.376 --> 01:45:17.344 align:center line:74% position:50% size:80% OF SLOWER GROWTH GOING FORWARD. 01:45:17.344 --> 01:45:19.446 align:center line:74% position:50% size:80% THE OTHER ISSUE THAT HAS EMERGED 01:45:19.446 --> 01:45:21.448 align:center line:74% position:50% size:80% OUT OF THE NATIONAL ECONOMY AND 01:45:21.448 --> 01:45:22.449 align:center line:74% position:27% size:63% IN THOSE FORECASTS IS AN 01:45:22.449 --> 01:45:25.686 align:center line:74% position:50% size:80% INCREASING RISK OF A RECESSION. 01:45:25.686 --> 01:45:27.287 align:center line:74% position:44% size:78% THE NATIONAL FORECAST GIVES US 01:45:27.287 --> 01:45:29.189 align:center line:74% position:17% size:43% THREE SCENARIOS. 01:45:29.189 --> 01:45:32.592 align:center line:74% position:44% size:78% A BASELINE, AND OPTIMISTIC AND 01:45:32.592 --> 01:45:33.794 align:center line:74% position:15% size:33% PESSIMISTIC. 01:45:33.794 --> 01:45:38.699 align:center line:74% position:36% size:73% THE DARKER LINE HERE IS THAT 01:45:38.699 --> 01:45:39.700 align:center line:74% position:44% size:78% THE FORECAST, AGAIN FROM JULY, 01:45:39.700 --> 01:45:40.834 align:center line:74% position:29% size:65% THE PESSIMISTIC SCENARIO. 01:45:40.834 --> 01:45:46.707 align:center line:74% position:40% size:75% RATHER THAN SEEING RELATIVELY 01:45:46.707 --> 01:45:48.108 align:center line:74% position:44% size:78% WEAK BUT PRESENT JOB GROWTH IN 01:45:48.108 --> 01:45:51.812 align:center line:74% position:40% size:75% THE BASELINE FORECAST, IN THE 01:45:51.812 --> 01:45:52.646 align:center line:74% position:40% size:75% PESSIMISTIC FORECAST WE WOULD 01:45:52.646 --> 01:45:54.448 align:center line:74% position:33% size:70% SEE JOB LOSS AS THE ECONOMY 01:45:54.448 --> 01:45:55.882 align:center line:74% position:27% size:63% WOULD ENTER A RECESSION. 01:45:55.882 --> 01:46:02.089 align:center line:74% position:44% size:78% AN IMPORTANT POINT IS RELATIVE 01:46:02.089 --> 01:46:03.123 align:center line:74% position:29% size:65% TO OUR LAST FORECAST, THE 01:46:03.123 --> 01:46:04.691 align:center line:74% position:50% size:80% PROBABILITY THAT IS ASSIGNED TO 01:46:04.691 --> 01:46:06.193 align:center line:74% position:31% size:68% THIS POSSIBLE SCENARIO HAS 01:46:06.193 --> 01:46:06.993 align:center line:74% position:14% size:28% INCREASED. 01:46:06.993 --> 01:46:08.228 align:center line:74% position:33% size:70% THEY WENT FROM THINKIN THIS 01:46:08.228 --> 01:46:09.696 align:center line:74% position:50% size:80% COULD BE A 35% PROBABILITY TO A 01:46:09.696 --> 01:46:11.965 align:center line:74% position:17% size:43% 45% PROBABILITY. 01:46:11.965 --> 01:46:13.133 align:center line:74% position:29% size:65% SO IN SOME SENSE THEY ARE 01:46:13.133 --> 01:46:14.368 align:center line:74% position:36% size:73% SHOWING US TWO SCENARIOS AND 01:46:14.368 --> 01:46:15.769 align:center line:74% position:50% size:80% ONLY PUTTING US SLIGHTLY HIGHER 01:46:15.769 --> 01:46:17.671 align:center line:74% position:44% size:78% IMPROBABILITY ON THE BASELINE. 01:46:17.671 --> 01:46:19.239 align:center line:74% position:40% size:75% SINCE THEN WE HAVE HAD STRONG 01:46:19.239 --> 01:46:23.276 align:center line:74% position:15% size:33% JOB NUMBERS. 01:46:23.276 --> 01:46:24.845 align:center line:74% position:31% size:68% EARLIER THIS WEEK WE HAD A 01:46:24.845 --> 01:46:26.546 align:center line:74% position:40% size:75% SLIGHTLY REVISED FORECAST AND 01:46:26.546 --> 01:46:28.115 align:center line:74% position:50% size:80% THE PESSIMISTIC SCENARIO IS NOT 01:46:28.115 --> 01:46:29.816 align:center line:74% position:17% size:40% QUITE AS BLEAK. 01:46:29.816 --> 01:46:31.151 align:center line:74% position:36% size:73% NONETHELESS IT'S PROBABILITY 01:46:31.151 --> 01:46:31.852 align:center line:74% position:19% size:48% STILL HOLDS A 45%. 01:46:31.852 --> 01:46:35.122 align:center line:74% position:40% size:75% THERE'S STILL A CONCERN THAT, 01:46:35.122 --> 01:46:36.356 align:center line:74% position:33% size:70% AS THE FED TAKES ACTION, WE 01:46:36.356 --> 01:46:39.459 align:center line:74% position:31% size:68% COULD TIP INTO A RECESSION 01:46:39.459 --> 01:46:41.495 align:center line:74% position:15% size:33% ENVIRONMENT. 01:46:41.495 --> 01:46:42.929 align:center line:74% position:40% size:75% IF YOU LOOK TO THE REGION YOU 01:46:42.929 --> 01:46:47.868 align:center line:74% position:29% size:65% WILL SEE A SIMILAR STORY. 01:46:47.868 --> 01:46:48.869 align:center line:74% position:36% size:73% THAT'S EMPLOYMENT, AS WE SAW 01:46:48.869 --> 01:46:49.803 align:center line:74% position:17% size:43% BACK IN OCTOBER. 01:46:49.803 --> 01:46:56.676 align:center line:74% position:31% size:68% IT LOOKED BETTER IN APRIL. 01:46:56.676 --> 01:46:58.145 align:center line:74% position:44% size:78% AGAIN, IN THE NEAR TERM WE ARE 01:46:58.145 --> 01:46:59.146 align:center line:74% position:44% size:78% SEEING STRONGER JOB GROWTH AND 01:46:59.146 --> 01:47:00.180 align:center line:74% position:36% size:73% THE SAME EXPECTATION FOR THE 01:47:00.180 --> 01:47:01.148 align:center line:74% position:13% size:25% LONG RUN. 01:47:01.148 --> 01:47:03.049 align:center line:74% position:44% size:78% BUT NOW, MORE RECENTLY, THINGS 01:47:03.049 --> 01:47:03.683 align:center line:74% position:18% size:45% HAVE COOLED SOME. 01:47:03.683 --> 01:47:05.118 align:center line:74% position:44% size:78% SO WE SEE SLOWER JOB GROWTH IN 01:47:05.118 --> 01:47:05.719 align:center line:74% position:16% size:38% THE NEAR-TERM. 01:47:05.719 --> 01:47:06.720 align:center line:74% position:33% size:70% AND THEN AGAIN FOR THE LONG 01:47:06.720 --> 01:47:06.953 align:center line:74% position:11% size:13% RUN. 01:47:06.953 --> 01:47:08.722 align:center line:74% position:50% size:80% IT'S IMPORTANT TO NOTE THAT THE 01:47:08.722 --> 01:47:11.224 align:center line:74% position:50% size:80% RATE OF JOB GROWTH, RELATIVE TO 01:47:11.224 --> 01:47:12.426 align:center line:74% position:44% size:78% THE NATION, THIS IS A REGIONAL 01:47:12.426 --> 01:47:12.692 align:center line:74% position:13% size:25% FORECAST. 01:47:12.692 --> 01:47:13.260 align:center line:74% position:19% size:48% IT'S STILL STRONG. 01:47:13.260 --> 01:47:14.494 align:center line:74% position:31% size:68% WE ARE STILL EXPECTING THE 01:47:14.494 --> 01:47:15.729 align:center line:74% position:50% size:80% REGION TO RETURN TO A PERIOD OF 01:47:15.729 --> 01:47:16.763 align:center line:74% position:29% size:65% GROWTH AND OUR GROWTH HAS 01:47:16.763 --> 01:47:17.964 align:center line:74% position:50% size:80% GENERALLY OUTPACED THE NATIONAL 01:47:17.964 --> 01:47:18.231 align:center line:74% position:13% size:23% ECONOMY. 01:47:18.231 --> 01:47:21.067 align:center line:74% position:40% size:75% TWO OR THREE YEARS OUT WE ARE 01:47:21.067 --> 01:47:24.571 align:center line:74% position:50% size:80% EXPECTING A RETURN TO A PATTERN 01:47:24.571 --> 01:47:26.039 align:center line:74% position:36% size:73% MORE SIMILAR TO WHAT WE HAVE 01:47:26.039 --> 01:47:27.374 align:center line:74% position:19% size:48% SEEN PRE-PANDEMIC. 01:47:27.374 --> 01:47:32.145 align:center line:74% position:50% size:80% AGAIN, AT A REGIONAL LEVEL THIS 01:47:32.145 --> 01:47:33.180 align:center line:74% position:50% size:80% IS SHOWING WHAT THE PESSIMISTIC 01:47:33.180 --> 01:47:34.281 align:center line:74% position:21% size:53% SCENARIO LOOKS LIKE. 01:47:34.281 --> 01:47:37.117 align:center line:74% position:50% size:80% IT TOO REPRESENTS A SIGNIFICANT 01:47:37.117 --> 01:47:38.552 align:center line:74% position:25% size:60% RECESSION AND A DROP IN 01:47:38.552 --> 01:47:39.519 align:center line:74% position:14% size:30% EMPLOYMENT. 01:47:39.519 --> 01:47:46.760 align:center line:74% position:36% size:73% WE ARE JUST NOW AT ABOUT PRE- 01:47:46.760 --> 01:47:47.461 align:center line:74% position:44% size:78% PANDEMIC LEVELS OF EMPLOYMENT. 01:47:47.461 --> 01:47:48.195 align:center line:74% position:25% size:60% THIS CHART IS MEASURING 01:47:48.195 --> 01:47:49.596 align:center line:74% position:36% size:73% RELATIVE TO THE PRE-PANDEMIC 01:47:49.596 --> 01:47:49.830 align:center line:74% position:13% size:20% LEVELS. 01:47:49.830 --> 01:47:50.430 align:center line:74% position:33% size:70% IF THE PESSIMISTIC SCENARIO 01:47:50.430 --> 01:47:55.135 align:center line:74% position:33% size:70% WERE TO EMERGE WE WOULD SEE 01:47:55.135 --> 01:47:57.237 align:center line:74% position:31% size:68% LAYOFFS AGAIN AND REGIONAL 01:47:57.237 --> 01:47:57.637 align:center line:74% position:17% size:43% EMPLOYMENT DROP. 01:47:57.637 --> 01:47:58.638 align:center line:74% position:29% size:65% CERTAINLY NOT AS BADLY AS 01:47:58.638 --> 01:47:59.840 align:center line:74% position:21% size:53% DURING THE PANDEMIC. 01:47:59.840 --> 01:48:00.707 align:center line:74% position:21% size:53% BUT NOTABLY AS WELL. 01:48:00.707 --> 01:48:02.776 align:center line:74% position:44% size:78% WE WOULD TAKE SEVERAL YEARS TO 01:48:02.776 --> 01:48:06.246 align:center line:74% position:13% size:23% RECOVER. 01:48:06.246 --> 01:48:14.054 align:center line:74% position:31% size:68% I SEE THERE IS A QUESTION. 01:48:14.054 --> 01:48:14.888 align:center line:74% position:18% size:45% >> HAPPY TO WAIT. 01:48:14.888 --> 01:48:15.789 align:center line:74% position:14% size:28% I'M SORRY. 01:48:15.789 --> 01:48:24.931 align:center line:74% position:16% size:38% >> NO PROBLEM. 01:48:24.931 --> 01:48:26.600 align:center line:74% position:40% size:75% >> I WANT TO STOP A MOMENT TO 01:48:26.600 --> 01:48:27.400 align:center line:74% position:40% size:75% TALK ABOUT THE RECOMMENDATION 01:48:27.400 --> 01:48:28.435 align:center line:74% position:50% size:80% WE MADE AMONG THE SCENARIOS AND 01:48:28.435 --> 01:48:29.703 align:center line:74% position:40% size:75% THE ACTIONS THAT THE FORECAST 01:48:29.703 --> 01:48:30.937 align:center line:74% position:29% size:65% COUNSEL TO ONE OF THE KEY 01:48:30.937 --> 01:48:32.172 align:center line:74% position:29% size:65% THINGS WE DO IS TO MAKE A 01:48:32.172 --> 01:48:32.973 align:center line:74% position:40% size:75% RECOMMENDATION ABOUT WHICH OF 01:48:32.973 --> 01:48:34.574 align:center line:74% position:40% size:75% THE SCENARIOS SHOULD FORM THE 01:48:34.574 --> 01:48:39.913 align:center line:74% position:25% size:60% BASIS FOR THE FORECAST. 01:48:39.913 --> 01:48:40.947 align:center line:74% position:24% size:58% AS I DESCRIBED, IT'S A 01:48:40.947 --> 01:48:42.182 align:center line:74% position:40% size:75% DIFFICULT CHOICE NOW WITH THE 01:48:42.182 --> 01:48:42.849 align:center line:74% position:44% size:78% PROBABILITIES ASSIGNED TO EACH 01:48:42.849 --> 01:48:43.783 align:center line:74% position:50% size:80% OF THE PESSIMISTIC AND BASELINE 01:48:43.783 --> 01:48:45.185 align:center line:74% position:29% size:65% ARE ESSENTIALLY THE SAME. 01:48:45.185 --> 01:48:49.155 align:center line:74% position:44% size:78% THAT SAID, AND IT'S THE REASON 01:48:49.155 --> 01:48:50.390 align:center line:74% position:40% size:75% I MADE THE POINT EARLIER, THE 01:48:50.390 --> 01:48:50.991 align:center line:74% position:24% size:58% BASELINE FORECAST DOES 01:48:50.991 --> 01:48:52.025 align:center line:74% position:27% size:63% INCORPORATE A LOT OF THE 01:48:52.025 --> 01:48:53.260 align:center line:74% position:24% size:58% CONCERNS THAT WE HAVE. 01:48:53.260 --> 01:48:54.628 align:center line:74% position:29% size:65% IT ANTICIPATED THE SECOND 01:48:54.628 --> 01:48:56.563 align:center line:74% position:29% size:65% QUARTERLY DECLINE IN GDP. 01:48:56.563 --> 01:48:57.898 align:center line:74% position:31% size:68% IT ANTICIPATED THE CURRENT 01:48:57.898 --> 01:49:00.533 align:center line:74% position:44% size:78% ACTIONS OF THE FED, WHICH WERE 01:49:00.533 --> 01:49:02.035 align:center line:74% position:19% size:48% REALLY REMARKABLE. 01:49:02.035 --> 01:49:03.537 align:center line:74% position:25% size:60% TWO THREE-QUARTER POINT 01:49:03.537 --> 01:49:05.538 align:center line:74% position:25% size:60% INCREASES BACK TO BACK. 01:49:05.538 --> 01:49:07.173 align:center line:74% position:40% size:75% SOMETHING WE HAVE NOT SEEN IN 01:49:07.173 --> 01:49:07.908 align:center line:74% position:13% size:23% DECADES. 01:49:07.908 --> 01:49:10.243 align:center line:74% position:29% size:65% BUT THE BASELINE FORECAST 01:49:10.243 --> 01:49:11.344 align:center line:74% position:40% size:75% ANTICIPATES FURTHER INCREASES 01:49:11.344 --> 01:49:13.914 align:center line:74% position:15% size:35% FROM THE FED. 01:49:13.914 --> 01:49:14.948 align:center line:74% position:50% size:80% IT ANTICIPATED THE CURRENT ONES 01:49:14.948 --> 01:49:17.617 align:center line:74% position:33% size:70% AND IS EXPECTING THEM GOING 01:49:17.617 --> 01:49:18.652 align:center line:74% position:13% size:23% FORWARD. 01:49:18.652 --> 01:49:19.653 align:center line:74% position:44% size:78% THERE HAS BEEN SOME GOOD NEWS. 01:49:19.653 --> 01:49:22.322 align:center line:74% position:36% size:73% BOTH ON THE JOB FRONT AND ON 01:49:22.322 --> 01:49:23.623 align:center line:74% position:40% size:75% THE STRONG EMPLOYMENT NUMBERS 01:49:23.623 --> 01:49:26.660 align:center line:74% position:13% size:25% FOR JULY. 01:49:26.660 --> 01:49:27.460 align:center line:74% position:40% size:75% THE INFLATION FIGURE DID DROP 01:49:27.460 --> 01:49:28.628 align:center line:74% position:18% size:45% RELATIVE TO JUNE. 01:49:28.628 --> 01:49:29.696 align:center line:74% position:21% size:53% IT'S ONLY ONE MONTH. 01:49:29.696 --> 01:49:30.730 align:center line:74% position:33% size:70% DANGEROUS TO ASSUME A TREND 01:49:30.730 --> 01:49:31.598 align:center line:74% position:14% size:28% FROM THAT. 01:49:31.598 --> 01:49:37.504 align:center line:74% position:40% size:75% OVERALL, THOSE FACTORS LET US 01:49:37.504 --> 01:49:38.538 align:center line:74% position:50% size:80% TO BE MORE COMFORTABLE WITH THE 01:49:38.538 --> 01:49:39.539 align:center line:74% position:44% size:78% BASELINE SCENARIO AND THAT WAS 01:49:39.539 --> 01:49:40.373 align:center line:74% position:29% size:65% OUR RECOMMENDATION TO THE 01:49:40.373 --> 01:49:40.874 align:center line:74% position:18% size:45% FORECAST COUNSEL. 01:49:40.874 --> 01:49:41.641 align:center line:74% position:22% size:55% THEY CONCURRED ON THE 01:49:41.641 --> 01:49:43.143 align:center line:74% position:44% size:78% RECOMMENDATION AT THEIR AUGUST 01:49:43.143 --> 01:49:46.112 align:center line:74% position:13% size:23% MEETING. 01:49:46.112 --> 01:49:48.048 align:center line:74% position:50% size:80% AS I MOVE NOW TO TALK ABOUT THE 01:49:48.048 --> 01:49:49.783 align:center line:74% position:44% size:78% REVENUES THEMSELVES, THESE ARE 01:49:49.783 --> 01:49:50.617 align:center line:74% position:40% size:75% CONSISTENT WITH THAT BASELINE 01:49:50.617 --> 01:49:52.185 align:center line:74% position:36% size:73% FORECAST THAT WE SHOWED YOU. 01:49:52.185 --> 01:49:53.320 align:center line:74% position:44% size:78% WHICH AGAIN HAS CONTINUED WITH 01:49:53.320 --> 01:49:56.723 align:center line:74% position:44% size:78% MORE MODEST GROWTH IN BOTH THE 01:49:56.723 --> 01:50:03.163 align:center line:74% position:44% size:78% REGIONAL AND NATIONAL ECONOMY. 01:50:03.163 --> 01:50:04.431 align:center line:74% position:36% size:73% BEFORE I DO THE SPECIFICS OF 01:50:04.431 --> 01:50:05.632 align:center line:74% position:40% size:75% THE REVENUE FIGURES I WANT TO 01:50:05.632 --> 01:50:07.167 align:center line:74% position:33% size:70% MAKE ONE MORE GENERAL POINT 01:50:07.167 --> 01:50:08.635 align:center line:74% position:44% size:78% ABOUT INFLATION AND THE IMPACT 01:50:08.635 --> 01:50:11.137 align:center line:74% position:29% size:65% ON GENERAL FUND REVENUES. 01:50:11.137 --> 01:50:12.806 align:center line:74% position:50% size:80% ONE MIGHT GENERALLY ASSUME THAT 01:50:12.806 --> 01:50:14.040 align:center line:74% position:24% size:58% PRICES ARE GOING UP AS 01:50:14.040 --> 01:50:19.179 align:center line:74% position:36% size:73% INFLATION TAKES EFFECT, THAT 01:50:19.179 --> 01:50:20.380 align:center line:74% position:36% size:73% OUR REVENUE SHOULD GROW WITH 01:50:20.380 --> 01:50:20.547 align:center line:74% position:11% size:10% IT. 01:50:20.547 --> 01:50:21.848 align:center line:74% position:36% size:73% MANY OF OUR TAXES LIKE SALES 01:50:21.848 --> 01:50:23.650 align:center line:74% position:50% size:80% TAX AND OTHER THINGS APPLIED TO 01:50:23.650 --> 01:50:25.752 align:center line:74% position:31% size:68% THE VALUE OF ACTIVITY. AND 01:50:25.752 --> 01:50:27.354 align:center line:74% position:50% size:80% THEREFORE OUR REVENUES WOULD BE 01:50:27.354 --> 01:50:32.292 align:center line:74% position:20% size:50% GOING UP WITH THEM. 01:50:32.292 --> 01:50:33.526 align:center line:74% position:36% size:73% WHAT'S TRICKY IS THAT IS NOT 01:50:33.526 --> 01:50:34.928 align:center line:74% position:36% size:73% GENERALLY TRUE OF ALL OF OUR 01:50:34.928 --> 01:50:35.328 align:center line:74% position:17% size:43% REVENUE STREAMS. 01:50:35.328 --> 01:50:36.363 align:center line:74% position:40% size:75% THIS PIE CHART IS DESIGNED TO 01:50:36.363 --> 01:50:37.163 align:center line:74% position:24% size:58% ILLUSTRATE THAT POINT. 01:50:37.163 --> 01:50:38.698 align:center line:74% position:44% size:78% THE THINGS IN SHADES OF YELLOW 01:50:38.698 --> 01:50:42.102 align:center line:74% position:36% size:73% ARE IN FACT REVENUES THAT DO 01:50:42.102 --> 01:50:43.470 align:center line:74% position:44% size:78% GENERALLY GROW WITH INFLATION. 01:50:43.470 --> 01:50:45.538 align:center line:74% position:36% size:73% I MENTIONED SALES. THOSE ARE 01:50:45.538 --> 01:50:47.440 align:center line:74% position:40% size:75% PERCENTAGE TAXES ON SALES AND 01:50:47.440 --> 01:50:50.910 align:center line:74% position:31% size:68% GENERAL BUSINESS ACTIVITY. 01:50:50.910 --> 01:50:52.779 align:center line:74% position:36% size:73% INFLATION ITSELF MAY HAVE AN 01:50:52.779 --> 01:50:54.814 align:center line:74% position:40% size:75% IMPACT ON TOTAL ACTIVITIES IN 01:50:54.814 --> 01:50:57.417 align:center line:74% position:15% size:33% THOSE AREAS. 01:50:57.417 --> 01:51:01.755 align:center line:74% position:31% size:68% OUR TAXES WILL GROW AS THE 01:51:01.755 --> 01:51:03.056 align:center line:74% position:27% size:63% LEVEL OF ACTIVITY GROWS. 01:51:03.056 --> 01:51:04.824 align:center line:74% position:29% size:65% AND PRIVATE UTILITIES ARE 01:51:04.824 --> 01:51:05.458 align:center line:74% position:31% size:68% GENERALLY INCREASING THEIR 01:51:05.458 --> 01:51:10.597 align:center line:74% position:31% size:68% RATES TO COVER THEIR COST. 01:51:10.597 --> 01:51:11.598 align:center line:74% position:44% size:78% IT'S REASONABLE TO EXPECT THAT 01:51:11.598 --> 01:51:12.832 align:center line:74% position:29% size:65% OUR TAXES ON THOSE, THOSE 01:51:12.832 --> 01:51:13.667 align:center line:74% position:36% size:73% SERVICES WILL ALSO GROW WITH 01:51:13.667 --> 01:51:13.967 align:center line:74% position:14% size:28% INFLATION. 01:51:13.967 --> 01:51:14.667 align:center line:74% position:40% size:75% BUT IT'S CRITICALLY IMPORTANT 01:51:14.667 --> 01:51:15.702 align:center line:74% position:33% size:70% TO UNDERSTAND THAT IT'S NOT 01:51:15.702 --> 01:51:16.936 align:center line:74% position:31% size:68% TRUE OF ALL OF OUR REVENUE 01:51:16.936 --> 01:51:17.871 align:center line:74% position:13% size:23% SOURCES. 01:51:17.871 --> 01:51:19.439 align:center line:74% position:36% size:73% IN PARTICULAR, PROPERTY TAX, 01:51:19.439 --> 01:51:20.707 align:center line:74% position:40% size:75% IT'S REPRESENTS ALMOST 25% OF 01:51:20.707 --> 01:51:23.443 align:center line:74% position:50% size:80% OUR REVENUES ARE CONSTRAINED TO 01:51:23.443 --> 01:51:27.213 align:center line:74% position:44% size:78% GROW AT WELL LESS THAN CURRENT 01:51:27.213 --> 01:51:28.048 align:center line:74% position:14% size:28% INFLATION. 01:51:28.048 --> 01:51:29.682 align:center line:74% position:40% size:75% PROPERTY TAX BY STATE LAW CAN 01:51:29.682 --> 01:51:31.351 align:center line:74% position:40% size:75% GROW BY 1%, PLUS THE VALUE OF 01:51:31.351 --> 01:51:32.318 align:center line:74% position:18% size:45% NEW CONSTRUCTION. 01:51:32.318 --> 01:51:37.857 align:center line:74% position:44% size:78% IN RECENT YEARS, MAYBE ABOUT 2 01:51:37.857 --> 01:51:38.058 align:center line:74% position:12% size:15% 1/2%. 01:51:38.058 --> 01:51:39.459 align:center line:74% position:40% size:75% WHEN INFLATION WAS RUNNING AT 01:51:39.459 --> 01:51:43.596 align:center line:74% position:36% size:73% ABOUT 2 1/2%, THAT WAS OKAY. 01:51:43.596 --> 01:51:45.198 align:center line:74% position:31% size:68% WE WERE NOT LOSING GROUND. 01:51:45.198 --> 01:51:49.536 align:center line:74% position:36% size:73% AS INFLATION HAS SPIKED THAT 01:51:49.536 --> 01:51:50.570 align:center line:74% position:44% size:78% SHARE OF OUR REVENUE STREAM IS 01:51:50.570 --> 01:51:51.037 align:center line:74% position:16% size:38% LOSING GROUND. 01:51:51.037 --> 01:51:52.238 align:center line:74% position:36% size:73% AND IT WILL CONTINUE TO LOSE 01:51:52.238 --> 01:51:53.473 align:center line:74% position:33% size:70% GROUND AS LONG AS INFLATION 01:51:53.473 --> 01:51:53.873 align:center line:74% position:14% size:30% STAYS HIGH. 01:51:53.873 --> 01:51:55.208 align:center line:74% position:40% size:75% THE THINGS THAT ARE IN SHADES 01:51:55.208 --> 01:51:57.410 align:center line:74% position:36% size:73% OF GREEN ARE PORTIONS OF OUR 01:51:57.410 --> 01:52:00.447 align:center line:74% position:17% size:40% REVENUE STREAM. 01:52:00.447 --> 01:52:01.848 align:center line:74% position:21% size:53% THERE IS A MIX HERE. 01:52:01.848 --> 01:52:03.083 align:center line:74% position:25% size:60% SOME OF THESE THINGS DO 01:52:03.083 --> 01:52:10.056 align:center line:74% position:50% size:80% GENERALLY GO UP WITH INFLATION. 01:52:10.056 --> 01:52:11.291 align:center line:74% position:36% size:73% IT DEPENDS ON THE ACTIONS OF 01:52:11.291 --> 01:52:12.525 align:center line:74% position:36% size:73% THE CITY COUNCIL, AS WELL AS 01:52:12.525 --> 01:52:12.759 align:center line:74% position:13% size:20% OTHERS. 01:52:12.759 --> 01:52:15.428 align:center line:74% position:31% size:68% IN PARTICULAR THE TAX WILL 01:52:15.428 --> 01:52:19.265 align:center line:74% position:36% size:73% INCREASE AS RATES AND DEMAND 01:52:19.265 --> 01:52:20.266 align:center line:74% position:14% size:28% INCREASES. 01:52:20.266 --> 01:52:22.335 align:center line:74% position:50% size:80% IF EFFORTS ARE TAKEN TO PROTECT 01:52:22.335 --> 01:52:25.505 align:center line:74% position:31% size:68% RATEPAYERS BY KEEPING RATE 01:52:25.505 --> 01:52:34.848 align:center line:74% position:44% size:78% INCREASES BELOW INFLATION, AND 01:52:34.848 --> 01:52:35.882 align:center line:74% position:50% size:80% EFFECTIVE THAT CAN BE TO REDUCE 01:52:35.882 --> 01:52:36.683 align:center line:74% position:24% size:58% GENERAL FUND REVENUES. 01:52:36.683 --> 01:52:37.717 align:center line:74% position:40% size:75% IT'S NOT A REASON TO INCREASE 01:52:37.717 --> 01:52:38.952 align:center line:74% position:24% size:58% AS RATES BUT RATHER TO 01:52:38.952 --> 01:52:39.552 align:center line:74% position:36% size:73% UNDERSTAND WHAT IMPLICATIONS 01:52:39.552 --> 01:52:40.787 align:center line:74% position:33% size:70% ARE IN TERMS OF OUR OVERALL 01:52:40.787 --> 01:52:41.187 align:center line:74% position:17% size:40% REVENUE GROWTH. 01:52:41.187 --> 01:52:41.821 align:center line:74% position:33% size:70% SIMILARLY, THE LATER GREEN, 01:52:41.821 --> 01:52:43.156 align:center line:74% position:50% size:80% AGAIN THOSE ARE AREAS WHERE THE 01:52:43.156 --> 01:52:44.657 align:center line:74% position:44% size:78% CITY IS CHARGING FOLKS FOR ONE 01:52:44.657 --> 01:52:50.797 align:center line:74% position:40% size:75% SERVICE OR ANOTHER, AND THOSE 01:52:50.797 --> 01:52:51.865 align:center line:74% position:27% size:63% RATES ARE SET BY POLICY. 01:52:51.865 --> 01:52:52.866 align:center line:74% position:29% size:65% AGAIN, YOU MAY WANT TO BE 01:52:52.866 --> 01:52:53.900 align:center line:74% position:44% size:78% PROTECTING FOLKS OF THE IMPACT 01:52:53.900 --> 01:52:55.335 align:center line:74% position:44% size:78% OF INFLATION BY KEEPING THE IN 01:52:55.335 --> 01:52:56.903 align:center line:74% position:11% size:13% LOW. 01:52:56.903 --> 01:53:00.406 align:center line:74% position:33% size:70% TO A DEGREE THEY MAY NOT BE 01:53:00.406 --> 01:53:01.774 align:center line:74% position:31% size:68% KEEPING UP WITH INFLATION. 01:53:01.774 --> 01:53:06.813 align:center line:74% position:50% size:80% THE GENERAL POINT HERE IS THAT, 01:53:06.813 --> 01:53:08.448 align:center line:74% position:50% size:80% AS INFLATION GOES UP THERE IS A 01:53:08.448 --> 01:53:08.848 align:center line:74% position:18% size:45% STRUCTURAL ISSUE. 01:53:08.848 --> 01:53:10.283 align:center line:74% position:40% size:75% AND THE GENERAL FUND WILL NOT 01:53:10.283 --> 01:53:12.719 align:center line:74% position:31% size:68% INHERENTLY KEEP UP AND THE 01:53:12.719 --> 01:53:13.553 align:center line:74% position:50% size:80% PURCHASING POWER OF THE GENERAL 01:53:13.553 --> 01:53:15.455 align:center line:74% position:25% size:60% FUND WILL BE DECLINING. 01:53:15.455 --> 01:53:19.993 align:center line:74% position:33% size:70% AGAIN, THE CURRENT FORECAST 01:53:19.993 --> 01:53:21.027 align:center line:74% position:40% size:75% SAYS INFLATION WILL COME DOWN 01:53:21.027 --> 01:53:21.361 align:center line:74% position:13% size:23% QUICKLY. 01:53:21.361 --> 01:53:22.228 align:center line:74% position:33% size:70% HOPEFULLY THAT IS THE CASE. 01:53:22.228 --> 01:53:23.463 align:center line:74% position:31% size:68% IF NOT THIS COULD BECOME A 01:53:23.463 --> 01:53:24.597 align:center line:74% position:15% size:35% BIGGER ISSUE. 01:53:24.597 --> 01:53:26.533 align:center line:74% position:22% size:55% IT IS, BY THE WAY, AN 01:53:26.533 --> 01:53:27.367 align:center line:74% position:40% size:75% UNDERLYING CHALLENGE FOR KING 01:53:27.367 --> 01:53:27.600 align:center line:74% position:13% size:20% COUNTY. 01:53:27.600 --> 01:53:33.740 align:center line:74% position:33% size:70% THEY HAVE FACED A SERIES OF 01:53:33.740 --> 01:53:34.574 align:center line:74% position:31% size:68% BUDGET CHALLENGES OVER THE 01:53:34.574 --> 01:53:35.008 align:center line:74% position:12% size:18% YEARS. 01:53:35.008 --> 01:53:36.009 align:center line:74% position:50% size:80% THAT IS BECAUSE A GREATER SHARE 01:53:36.009 --> 01:53:37.477 align:center line:74% position:50% size:80% OF THEIR REVENUE IS COMING FROM 01:53:37.477 --> 01:53:38.511 align:center line:74% position:40% size:75% PROPERTY TAX AND THEY ARE NOT 01:53:38.511 --> 01:53:39.312 align:center line:74% position:29% size:65% KEEPING UP GENERALLY WITH 01:53:39.312 --> 01:53:39.612 align:center line:74% position:14% size:28% INFLATION. 01:53:39.612 --> 01:53:41.548 align:center line:74% position:50% size:80% IT'S A STRUCTURAL CHALLENGE FOR 01:53:41.548 --> 01:53:42.582 align:center line:74% position:12% size:15% THEM. 01:53:42.582 --> 01:53:43.516 align:center line:74% position:36% size:73% LET'S TALK ABOUT THE REVENUE 01:53:43.516 --> 01:53:47.453 align:center line:74% position:36% size:73% FORECAST AND HOW THINGS HAVE 01:53:47.453 --> 01:53:48.922 align:center line:74% position:13% size:23% CHANGED. 01:53:48.922 --> 01:53:50.190 align:center line:74% position:36% size:73% THIS IS A CHART THAT FOCUSES 01:53:50.190 --> 01:53:54.060 align:center line:74% position:33% size:70% JUST ON THIS YEAR, ON 2022. 01:53:54.060 --> 01:53:55.061 align:center line:74% position:36% size:73% HIGHLIGHTING THE BLUE VERSUS 01:53:55.061 --> 01:53:56.462 align:center line:74% position:29% size:65% NOT BLUE IS A DISTINCTION 01:53:56.462 --> 01:54:01.467 align:center line:74% position:44% size:78% BETWEEN THE REVENUE STREAMS IN 01:54:01.467 --> 01:54:02.468 align:center line:74% position:36% size:73% OUR FORECAST BY THE FORECAST 01:54:02.468 --> 01:54:03.436 align:center line:74% position:27% size:63% OFFICE VERSUS THE BUDGET 01:54:03.436 --> 01:54:03.670 align:center line:74% position:13% size:20% OFFICE. 01:54:03.670 --> 01:54:04.904 align:center line:74% position:29% size:65% I'M GOING TO SPEAK TO THE 01:54:04.904 --> 01:54:06.339 align:center line:74% position:50% size:80% THINGS IN BLUE AND THEN TURN IT 01:54:06.339 --> 01:54:07.607 align:center line:74% position:40% size:75% OVER TO DAVE AND ALEX TO TALK 01:54:07.607 --> 01:54:09.642 align:center line:74% position:50% size:80% ABOUT THINGS THAT ARE IN WHITE. 01:54:09.642 --> 01:54:10.710 align:center line:74% position:36% size:73% JUST IN TERMS OF READING THE 01:54:10.710 --> 01:54:13.146 align:center line:74% position:31% size:68% CHART, THE FIRST COLUMN OF 01:54:13.146 --> 01:54:17.116 align:center line:74% position:33% size:70% NUMBERS ARE THE 21 ACTUALS. 01:54:17.116 --> 01:54:17.951 align:center line:74% position:22% size:55% AS A REFERENCE POINT. 01:54:17.951 --> 01:54:19.385 align:center line:74% position:40% size:75% YOU CAN SEE HOW THINGS CHANGE 01:54:19.385 --> 01:54:20.019 align:center line:74% position:18% size:45% RELATIVE TO THAT. 01:54:20.019 --> 01:54:21.054 align:center line:74% position:27% size:63% THE SECOND COLUMN IS THE 01:54:21.054 --> 01:54:21.421 align:center line:74% position:17% size:40% ADOPTED BUDGET. 01:54:21.421 --> 01:54:23.056 align:center line:74% position:50% size:80% THE FORECASTS THAT WERE MADE IN 01:54:23.056 --> 01:54:23.456 align:center line:74% position:13% size:25% NOVEMBER. 01:54:23.456 --> 01:54:25.158 align:center line:74% position:22% size:55% OCTOBER AND NOVEMBER. 01:54:25.158 --> 01:54:27.694 align:center line:74% position:33% size:70% APRIL IS A REVISED FORECAST 01:54:27.694 --> 01:54:32.298 align:center line:74% position:17% size:40% FROM LAST TIME. 01:54:32.298 --> 01:54:33.333 align:center line:74% position:50% size:80% THE AUGUST FORECAST IS THE MOST 01:54:33.333 --> 01:54:33.600 align:center line:74% position:13% size:23% CURRENT. 01:54:33.600 --> 01:54:34.734 align:center line:74% position:33% size:70% THOSE OF THE NUMBERS WE ARE 01:54:34.734 --> 01:54:35.401 align:center line:74% position:19% size:48% SHOWING YOU TODAY. 01:54:35.401 --> 01:54:36.603 align:center line:74% position:44% size:78% AND THE FINAL COLUMN SHOWS YOU 01:54:36.603 --> 01:54:39.439 align:center line:74% position:40% size:75% THE CHANGE BETWEEN AUGUST AND 01:54:39.439 --> 01:54:42.542 align:center line:74% position:12% size:18% APRIL. 01:54:42.542 --> 01:54:43.977 align:center line:74% position:40% size:75% I'M JUST GOING TO WORK MY WAY 01:54:43.977 --> 01:54:47.247 align:center line:74% position:40% size:75% DOWN THIS CHART TO GIVE YOU A 01:54:47.247 --> 01:54:47.547 align:center line:74% position:14% size:28% HIGHLIGHT. 01:54:47.547 --> 01:54:49.148 align:center line:74% position:44% size:78% NEXT SLIDE WE WILL SHOW YOU 22 01:54:49.148 --> 01:54:50.917 align:center line:74% position:13% size:20% AND 23. 01:54:50.917 --> 01:54:51.918 align:center line:74% position:36% size:73% PROPERTY TAXES ARE GENERALLY 01:54:51.918 --> 01:54:52.252 align:center line:74% position:15% size:33% PREDICTABLE. 01:54:52.252 --> 01:54:52.952 align:center line:74% position:21% size:53% NO REAL CHANGE HERE. 01:54:52.952 --> 01:54:54.787 align:center line:74% position:33% size:70% THESE ARE IN THE THOUSANDS. 01:54:54.787 --> 01:54:57.090 align:center line:74% position:44% size:78% THAT'S 30 IN THE FINAL COLUMN. 01:54:57.090 --> 01:55:00.727 align:center line:74% position:27% size:63% IT REPRESENTS $30,000 OF 01:55:00.727 --> 01:55:00.960 align:center line:74% position:13% size:20% CHANGE. 01:55:00.960 --> 01:55:02.161 align:center line:74% position:40% size:75% THAT IS A MINOR, MINOR CHANGE 01:55:02.161 --> 01:55:03.263 align:center line:74% position:19% size:48% IN PROPERTY TAXES. 01:55:03.263 --> 01:55:04.297 align:center line:74% position:21% size:53% RETAIL SALES ARE UP. 01:55:04.297 --> 01:55:07.467 align:center line:74% position:40% size:75% BOTH REFLECTING THE IMPACT OF 01:55:07.467 --> 01:55:09.903 align:center line:74% position:36% size:73% INFLATION AND PRICE IS BEING 01:55:09.903 --> 01:55:14.908 align:center line:74% position:17% size:40% HIGHER OVERALL. 01:55:14.908 --> 01:55:15.942 align:center line:74% position:33% size:70% AS WE SHOWED YOU, THE LOCAL 01:55:15.942 --> 01:55:17.176 align:center line:74% position:44% size:78% ECONOMY DID BETTER IN THE NEAR 01:55:17.176 --> 01:55:18.244 align:center line:74% position:40% size:75% TERM THAN WE HAD ANTICIPATED. 01:55:18.244 --> 01:55:19.212 align:center line:74% position:29% size:65% A DECLINE IN BUSINESS AND 01:55:19.212 --> 01:55:20.480 align:center line:74% position:27% size:63% OCCUPATION TAX IS LESS A 01:55:20.480 --> 01:55:21.547 align:center line:74% position:50% size:80% REFLECTION OF ANYTHING CHANGING 01:55:21.547 --> 01:55:26.452 align:center line:74% position:50% size:80% THE ECONOMY AND MORE THAT THERE 01:55:26.452 --> 01:55:27.921 align:center line:74% position:36% size:73% HAVE BEEN CHANGES IN THE WAY 01:55:27.921 --> 01:55:30.490 align:center line:74% position:36% size:73% CERTAIN TAXPAYERS SHIFT FROM 01:55:30.490 --> 01:55:33.393 align:center line:74% position:40% size:75% MANUAL TO QUARTERLY PAYMENTS. 01:55:33.393 --> 01:55:34.394 align:center line:74% position:22% size:55% THIS MADE IT A LITTLE 01:55:34.394 --> 01:55:35.595 align:center line:74% position:50% size:80% CHALLENGING FOR US TO TRACK THE 01:55:35.595 --> 01:55:37.463 align:center line:74% position:13% size:25% BASELINE. 01:55:37.463 --> 01:55:38.698 align:center line:74% position:33% size:70% THIS IS REALLY US GETTING A 01:55:38.698 --> 01:55:41.134 align:center line:74% position:40% size:75% BETTER HANDLE ON THE BASELINE 01:55:41.134 --> 01:55:41.935 align:center line:74% position:13% size:25% REVENUES. 01:55:41.935 --> 01:55:43.169 align:center line:74% position:40% size:75% YOU WILL SEE THAT DOES RIPPLE 01:55:43.169 --> 01:55:44.270 align:center line:74% position:17% size:43% INTO THE FUTURE. 01:55:44.270 --> 01:55:45.605 align:center line:74% position:22% size:55% PRIVATE UTILITY SIDE. 01:55:45.605 --> 01:55:47.640 align:center line:74% position:33% size:70% A SMALL CHANGE. NATURAL GAS 01:55:47.640 --> 01:55:54.180 align:center line:74% position:31% size:68% PRICES HAVE PUSHED THAT UP 01:55:54.180 --> 01:55:55.014 align:center line:74% position:13% size:25% SOMEWHAT. 01:55:55.014 --> 01:55:56.416 align:center line:74% position:27% size:63% THE CABLE FORECAST IS UP 01:55:56.416 --> 01:56:02.388 align:center line:74% position:18% size:45% SLIGHTLY AS WELL. 01:56:02.388 --> 01:56:03.823 align:center line:74% position:50% size:80% I'M GOING TO SHIFT NOW AND TURN 01:56:03.823 --> 01:56:05.458 align:center line:74% position:40% size:75% THIS OVER TO DAVE AND ALEX TO 01:56:05.458 --> 01:56:06.292 align:center line:74% position:44% size:78% TALK ABOUT THESE OTHER REVENUE 01:56:06.292 --> 01:56:07.560 align:center line:74% position:44% size:78% STREAMS AND THAT I WILL RETURN 01:56:07.560 --> 01:56:10.596 align:center line:74% position:36% size:73% AT THE END TO TALK ABOUT THE 01:56:10.596 --> 01:56:11.464 align:center line:74% position:24% size:58% FINAL LINE, WHICH IS A 01:56:11.464 --> 01:56:12.465 align:center line:74% position:44% size:78% SIGNIFICANT ONE IN THIS TABLE. 01:56:12.465 --> 01:56:13.166 align:center line:74% position:15% size:35% >> THANK YOU. 01:56:13.166 --> 01:56:13.533 align:center line:74% position:15% size:35% GOOD MORNING. 01:56:13.533 --> 01:56:14.067 align:center line:74% position:20% size:50% IT'S STILL MORNING. 01:56:14.067 --> 01:56:15.234 align:center line:74% position:29% size:65% UTILITY TAXES, THE PUBLIC 01:56:15.234 --> 01:56:20.506 align:center line:74% position:33% size:70% UTILITY TAX, WATER, SEWAGE, 01:56:20.506 --> 01:56:22.075 align:center line:74% position:15% size:33% SOLID WASTE. 01:56:22.075 --> 01:56:23.710 align:center line:74% position:44% size:78% WE HAVE SEEN A SLIGHT DECLINE. 01:56:23.710 --> 01:56:27.513 align:center line:74% position:25% size:60% THE DECLINE IS REALLY A 01:56:27.513 --> 01:56:28.848 align:center line:74% position:40% size:75% COMBINATION OF FACTS FROM THE 01:56:28.848 --> 01:56:30.249 align:center line:74% position:24% size:58% VARIOUS UTILITY FUNDS. 01:56:30.249 --> 01:56:33.219 align:center line:74% position:33% size:70% BUT THE BIG MOVERS, SEATTLE 01:56:33.219 --> 01:56:39.058 align:center line:74% position:25% size:60% CITY LIGHT IS UP A BIT. 01:56:39.058 --> 01:56:39.892 align:center line:74% position:33% size:70% THEY'RE SELLING MORE RETAIL 01:56:39.892 --> 01:56:41.060 align:center line:74% position:33% size:70% ELECTRICITY THAN PREVIOUSLY 01:56:41.060 --> 01:56:42.128 align:center line:74% position:18% size:45% THOUGHT IN APRIL. 01:56:42.128 --> 01:56:43.429 align:center line:74% position:40% size:75% THE BIG MOVER IS WATERED DOWN 01:56:43.429 --> 01:56:46.132 align:center line:74% position:50% size:80% BECAUSE WE HAVE HAD SUCH A COOL 01:56:46.132 --> 01:56:54.507 align:center line:74% position:40% size:75% SPRING. WATER USAGE WAS LESS. 01:56:54.507 --> 01:56:55.508 align:center line:74% position:50% size:80% THEY HAVE REVISED THAT FORECAST 01:56:55.508 --> 01:56:56.743 align:center line:74% position:36% size:73% DOWN FOR THAT THAT CHANGE OF 01:56:56.743 --> 01:56:57.377 align:center line:74% position:18% size:45% ABOUT $1 MILLION. 01:56:57.377 --> 01:56:59.445 align:center line:74% position:33% size:70% OTHER CITY TAXES, THESE ARE 01:56:59.445 --> 01:57:01.814 align:center line:74% position:33% size:70% THINGS LIKE THE EXCISE TAX. 01:57:01.814 --> 01:57:06.219 align:center line:74% position:44% size:78% A TON OF TAXES -- SOLID WASTE. 01:57:06.219 --> 01:57:08.187 align:center line:74% position:50% size:80% HEATING, OIL, THINGS LIKE THIS. 01:57:08.187 --> 01:57:11.591 align:center line:74% position:33% size:70% YOU CAN SEE THAT THERE IS A 01:57:11.591 --> 01:57:14.627 align:center line:74% position:36% size:73% DECLINE OF ABOUT $2 MILLION. 01:57:14.627 --> 01:57:16.329 align:center line:74% position:36% size:73% THAT IS LARGELY COMPRISED OF 01:57:16.329 --> 01:57:22.668 align:center line:74% position:44% size:78% REDUCTIONS AND THE HEATING OIL 01:57:22.668 --> 01:57:23.436 align:center line:74% position:15% size:35% TAX IN APRIL. 01:57:23.436 --> 01:57:26.372 align:center line:74% position:40% size:75% WE HAD IT CARRYING ON BUT YOU 01:57:26.372 --> 01:57:28.374 align:center line:74% position:40% size:75% ALL HAD CHANGED IT SO THAT IT 01:57:28.374 --> 01:57:31.210 align:center line:74% position:40% size:75% WAS NOT EFFECTIVE UNTIL 2023. 01:57:31.210 --> 01:57:32.912 align:center line:74% position:44% size:78% WE REMOVED ABOUT $780,000 FROM 01:57:32.912 --> 01:57:43.022 align:center line:74% position:12% size:15% 2022. 01:57:43.523 --> 01:57:44.857 align:center line:74% position:50% size:80% THE EXCISE TAXES WERE UP A BIT. 01:57:44.857 --> 01:57:46.826 align:center line:74% position:50% size:80% THE NET EFFECT THERE IS ABOUT A 01:57:46.826 --> 01:57:48.928 align:center line:74% position:33% size:70% $2 MILLION DECLINE OVERALL. 01:57:48.928 --> 01:57:49.962 align:center line:74% position:31% size:68% PARKING METERS ARE UP $1.5 01:57:49.962 --> 01:57:50.363 align:center line:74% position:13% size:23% MILLION. 01:57:50.363 --> 01:57:51.597 align:center line:74% position:50% size:80% THIS IS LARGELY DUE TO THE RATES 01:57:51.597 --> 01:57:53.199 align:center line:74% position:17% size:40% STILL CLIMBING. 01:57:53.199 --> 01:57:55.902 align:center line:74% position:36% size:73% STILL BEING MOVED FORWARD BY 01:57:55.902 --> 01:57:57.537 align:center line:74% position:44% size:78% THE SLOW BUT STEADY PROCESS OF 01:57:57.537 --> 01:57:59.972 align:center line:74% position:40% size:75% EVALUATING PAID OCCUPANCY AND 01:57:59.972 --> 01:58:01.607 align:center line:74% position:44% size:78% RAISING RATES IN THE AREAS AND 01:58:01.607 --> 01:58:03.443 align:center line:74% position:29% size:65% NEIGHBORHOODS WHERE IT IS 01:58:03.443 --> 01:58:09.015 align:center line:74% position:14% size:28% WARRANTED. 01:58:09.015 --> 01:58:10.450 align:center line:74% position:40% size:75% THEY HAVE A FEW OF THOSE RATE 01:58:10.450 --> 01:58:11.851 align:center line:74% position:44% size:78% EVALUATIONS SCHEDULED FOR THIS 01:58:11.851 --> 01:58:13.152 align:center line:74% position:12% size:15% YEAR. 01:58:13.152 --> 01:58:14.887 align:center line:74% position:31% size:68% AND THIS FORECAST INCLUDES 01:58:14.887 --> 01:58:19.692 align:center line:74% position:31% size:68% THOSE POTENTIAL INCREASES. 01:58:19.692 --> 01:58:22.161 align:center line:74% position:44% size:78% THIS IS NOT A PROJECTION. IT'S 01:58:22.161 --> 01:58:25.898 align:center line:74% position:17% size:40% AN ACTUAL FACT. 01:58:25.898 --> 01:58:27.533 align:center line:74% position:40% size:75% IT IS AT OR NEAR PRE-PANDEMIC 01:58:27.533 --> 01:58:31.404 align:center line:74% position:13% size:20% LEVELS. 01:58:31.404 --> 01:58:32.438 align:center line:74% position:33% size:70% THERE'S A LOT OF AREAS THAT 01:58:32.438 --> 01:58:33.439 align:center line:74% position:44% size:78% WILL BE INCREASED BECAUSE THEY 01:58:33.439 --> 01:58:34.574 align:center line:74% position:36% size:73% ARE ALREADY AT THOSE LEVELS. 01:58:34.574 --> 01:58:40.613 align:center line:74% position:27% size:63% THEY WILL GO FROM THERE. 01:58:40.613 --> 01:58:42.014 align:center line:74% position:40% size:75% COURT FINDS IS AN INTERESTING 01:58:42.014 --> 01:58:43.516 align:center line:74% position:24% size:58% AND COMPLICATED STORY. 01:58:43.516 --> 01:58:45.218 align:center line:74% position:36% size:73% CITATION VOLUMES FOR PARKING 01:58:45.218 --> 01:58:46.385 align:center line:74% position:31% size:68% CITATIONS ARE MAINTAINING. 01:58:46.385 --> 01:58:50.890 align:center line:74% position:40% size:75% THOSE ARE THE ONES WRITTEN BY 01:58:50.890 --> 01:58:51.491 align:center line:74% position:40% size:75% PARKING ENFORCEMENT OFFICERS. 01:58:51.491 --> 01:58:52.825 align:center line:74% position:29% size:65% THOSE ARE AT PRE-PANDEMIC 01:58:52.825 --> 01:58:54.494 align:center line:74% position:27% size:63% LEVELS OF ABOUT 550,000. 01:58:54.494 --> 01:58:59.065 align:center line:74% position:33% size:70% OTHER CITATIONS FOR DRIVING 01:58:59.065 --> 01:59:00.266 align:center line:74% position:33% size:70% WHILE INTOXICATED OR MOVING 01:59:00.266 --> 01:59:07.440 align:center line:74% position:33% size:70% VIOLATIONS, THOSE ARE DOWN. 01:59:07.440 --> 01:59:08.374 align:center line:74% position:36% size:73% THEY ARE GENERATED BY PATROL 01:59:08.374 --> 01:59:08.708 align:center line:74% position:13% size:25% OFFICERS. 01:59:08.708 --> 01:59:10.009 align:center line:74% position:31% size:68% AS YOU ARE AWARE, THERE IS 01:59:10.009 --> 01:59:10.977 align:center line:74% position:33% size:70% STAFFING AND PRIORITIZATION 01:59:10.977 --> 01:59:13.112 align:center line:74% position:29% size:65% QUESTIONS GOING ON THERE. 01:59:13.112 --> 01:59:14.881 align:center line:74% position:50% size:80% SO THOSE REVENUES ARE DOWN FROM 01:59:14.881 --> 01:59:17.650 align:center line:74% position:29% size:65% THOSE TYPES OF CITATIONS. 01:59:17.650 --> 01:59:18.851 align:center line:74% position:40% size:75% AND THEN WE HAD THE SITUATION 01:59:18.851 --> 01:59:20.486 align:center line:74% position:33% size:70% WITH THE VOIDING OF 200,000 01:59:20.486 --> 01:59:22.822 align:center line:74% position:50% size:80% CITATIONS AND THE REFUNDS BEING 01:59:22.822 --> 01:59:26.826 align:center line:74% position:17% size:43% GIVEN FOR THOSE. 01:59:26.826 --> 01:59:28.027 align:center line:74% position:36% size:73% THE COURT NUMBERS IN 2020 TO 01:59:28.027 --> 01:59:29.195 align:center line:74% position:25% size:60% REFLECT THAT REDUCTION. 01:59:29.195 --> 01:59:31.497 align:center line:74% position:27% size:63% AND THEN THERE ARE OTHER 01:59:31.497 --> 01:59:33.833 align:center line:74% position:50% size:80% FORECASTING ADJUSTMENTS THAT WE 01:59:33.833 --> 01:59:37.770 align:center line:74% position:40% size:75% HAVE MADE TO REFLECT PAYMENT, 01:59:37.770 --> 01:59:41.974 align:center line:74% position:15% size:35% EXPECTATIONS. 01:59:41.974 --> 01:59:43.142 align:center line:74% position:24% size:58% THERE IS AN ACCOUNTING 01:59:43.142 --> 01:59:45.678 align:center line:74% position:36% size:73% ADJUSTMENT OF SORTS OF ABOUT 01:59:45.678 --> 01:59:49.882 align:center line:74% position:19% size:48% $3.3 MILLION HERE. 01:59:49.882 --> 01:59:53.052 align:center line:74% position:29% size:65% BY COUNTING RULES, IT WAS 01:59:53.052 --> 01:59:55.154 align:center line:74% position:29% size:65% INCORPORATING IT INTO THE 01:59:55.154 --> 01:59:57.957 align:center line:74% position:27% size:63% REVENUES. AN AMOUNT THAT 01:59:57.957 --> 01:59:59.192 align:center line:74% position:40% size:75% REFLECTED A PORTION OF UNPAID 01:59:59.192 --> 02:00:01.160 align:center line:74% position:31% size:68% CITATIONS THAT WOULD BE IN 02:00:01.160 --> 02:00:02.461 align:center line:74% position:15% size:33% COLLECTIONS. 02:00:02.461 --> 02:00:03.496 align:center line:74% position:44% size:78% WE HAVE DETERMINED THAT IS NOT 02:00:03.496 --> 02:00:04.897 align:center line:74% position:27% size:63% ACTUALLY A CASH REVENUE. 02:00:04.897 --> 02:00:06.032 align:center line:74% position:33% size:70% WE ARE MOVING THAT FROM THE 02:00:06.032 --> 02:00:13.139 align:center line:74% position:13% size:25% FORECAST. 02:00:13.139 --> 02:00:14.340 align:center line:74% position:40% size:75% IT IS NOT A DOLLARS AVAILABLE 02:00:14.340 --> 02:00:15.575 align:center line:74% position:50% size:80% TO SPEND, IT'S A PROJECTION FOR 02:00:15.575 --> 02:00:15.975 align:center line:74% position:17% size:43% COUNTY PURPOSES. 02:00:15.975 --> 02:00:17.009 align:center line:74% position:31% size:68% IT WILL AFFECT THE BALANCE 02:00:17.009 --> 02:00:18.544 align:center line:74% position:24% size:58% SHEET BUT NOT THE CASH 02:00:18.544 --> 02:00:19.145 align:center line:74% position:14% size:28% AVAILABLE. 02:00:19.145 --> 02:00:19.445 align:center line:74% position:14% size:28% MOVING ON. 02:00:19.445 --> 02:00:23.382 align:center line:74% position:13% size:20% GRANTS. 02:00:23.382 --> 02:00:24.617 align:center line:74% position:50% size:80% THE $39.9 MILLION CHANGE THERE. 02:00:24.617 --> 02:00:31.157 align:center line:74% position:31% size:68% THIS IS LARGELY DUE TO US. 02:00:31.157 --> 02:00:34.260 align:center line:74% position:44% size:78% INCLUDING THE CARRYING FORWARD 02:00:34.260 --> 02:00:35.628 align:center line:74% position:40% size:75% AND THINGS LIKE THAT INTO THE 02:00:35.628 --> 02:00:37.730 align:center line:74% position:17% size:40% GRANT CATEGORY. 02:00:37.730 --> 02:00:38.965 align:center line:74% position:40% size:75% I DON'T KNOW IF YOU WANTED TO 02:00:38.965 --> 02:00:40.199 align:center line:74% position:33% size:70% SAY MORE ABOUT THAT IN YOUR 02:00:40.199 --> 02:00:40.466 align:center line:74% position:13% size:23% REMARKS. 02:00:40.466 --> 02:00:42.201 align:center line:74% position:44% size:78% YOU WILL SEE A LINE DOWN BELOW 02:00:42.201 --> 02:00:46.572 align:center line:74% position:24% size:58% THAT IS FOR GRANTS AND 02:00:46.572 --> 02:00:47.440 align:center line:74% position:36% size:73% LEGISLATIVE CHANGES OF ABOUT 02:00:47.440 --> 02:00:48.207 align:center line:74% position:24% size:58% 40.7 MILLION IN APRIL. 02:00:48.207 --> 02:00:49.408 align:center line:74% position:44% size:78% THOSE ARE BEING ADDED TO APRIL 02:00:49.408 --> 02:00:50.443 align:center line:74% position:36% size:73% BECAUSE WE FAILED TO INCLUDE 02:00:50.443 --> 02:00:51.711 align:center line:74% position:44% size:78% THOSE CARRYFORWARD GRANTS INTO 02:00:51.711 --> 02:00:54.080 align:center line:74% position:18% size:45% THE APRIL NUMBER. 02:00:54.080 --> 02:00:55.915 align:center line:74% position:36% size:73% BUT THEY ARE INCLUDED IN THE 02:00:55.915 --> 02:00:56.949 align:center line:74% position:17% size:40% AUGUST NUMBERS. 02:00:56.949 --> 02:00:59.051 align:center line:74% position:44% size:78% TO TRY TO PRESENT AN APPLES TO 02:00:59.051 --> 02:00:59.552 align:center line:74% position:25% size:60% APPLES COMPARISON HERE. 02:00:59.552 --> 02:01:00.886 align:center line:74% position:44% size:78% WE HAVE THAT SORT OF PRESENTED 02:01:00.886 --> 02:01:01.721 align:center line:74% position:25% size:60% ON TWO DIFFERENT LINES. 02:01:01.721 --> 02:01:03.122 align:center line:74% position:36% size:73% THE BOTTOM LINE, RIGHT ABOVE 02:01:03.122 --> 02:01:05.758 align:center line:74% position:44% size:78% THE SHADED BLUE LINE, AND THEN 02:01:05.758 --> 02:01:08.861 align:center line:74% position:24% size:58% IN THE GRANT CATEGORY. 02:01:08.861 --> 02:01:11.497 align:center line:74% position:50% size:80% FUND BALANCE TRANSFERS. THIS IS 02:01:11.497 --> 02:01:15.701 align:center line:74% position:40% size:75% LARGELY DUE TO A $4.3 MILLION 02:01:15.701 --> 02:01:19.538 align:center line:74% position:44% size:78% CHANGE IN WHERE WE ARE POSTING 02:01:19.538 --> 02:01:21.040 align:center line:74% position:14% size:30% A TRANSFER. 02:01:21.040 --> 02:01:22.341 align:center line:74% position:19% size:48% THIS IS CRF MONEY. 02:01:22.341 --> 02:01:24.310 align:center line:74% position:40% size:75% IT WAS SCHEDULED TO BE BOOKED 02:01:24.310 --> 02:01:25.511 align:center line:74% position:24% size:58% INTO THE GENERAL FUND. 02:01:25.511 --> 02:01:26.846 align:center line:74% position:31% size:68% INSTEAD IT HAS BEEN BOOKED 02:01:26.846 --> 02:01:32.718 align:center line:74% position:33% size:70% DIRECTLY INTO THE HSD FUND. 02:01:32.718 --> 02:01:33.886 align:center line:74% position:50% size:80% LICENSING, PERMITS, AND OTHERS. 02:01:33.886 --> 02:01:37.156 align:center line:74% position:24% size:58% NOT MUCH CHANGE THERE. 02:01:37.156 --> 02:01:38.057 align:center line:74% position:21% size:53% I JUST EXPLAINED THE 02:01:38.057 --> 02:01:38.658 align:center line:74% position:33% size:70% CARRYFORWARD AND GRANT LINE 02:01:38.658 --> 02:01:39.425 align:center line:74% position:12% size:15% ITEM. 02:01:39.425 --> 02:01:43.562 align:center line:74% position:50% size:80% THEN, DO YOU WANT TO TALK ABOUT 02:01:43.562 --> 02:01:44.597 align:center line:74% position:21% size:53% PAYROLL EXPENSE TAX? 02:01:44.597 --> 02:01:47.433 align:center line:74% position:50% size:80% >> I HAVE THE ENTRY FOR PAYROLL 02:01:47.433 --> 02:01:51.304 align:center line:74% position:31% size:68% TAX, LATE 2021 PAYROLL TAX 02:01:51.304 --> 02:01:51.570 align:center line:74% position:13% size:25% PAYMENTS. 02:01:51.570 --> 02:01:53.973 align:center line:74% position:40% size:75% WHAT HAS HAPPENED HERE IS THE 02:01:53.973 --> 02:01:55.841 align:center line:74% position:33% size:70% PAYROLL TAX FIRST CAME INTO 02:01:55.841 --> 02:01:57.209 align:center line:74% position:17% size:43% EFFECT FOR 2021. 02:01:57.209 --> 02:01:58.277 align:center line:74% position:50% size:80% PAYMENTS WERE DUE IN JANUARY OF 02:01:58.277 --> 02:02:00.479 align:center line:74% position:14% size:28% THIS YEAR. 02:02:00.479 --> 02:02:01.681 align:center line:74% position:31% size:68% A ONE-TIME ANNUAL PAYMENT. 02:02:01.681 --> 02:02:04.417 align:center line:74% position:31% size:68% THIS YEAR FOLKS ARE MAKING 02:02:04.417 --> 02:02:05.518 align:center line:74% position:33% size:70% ORDERLY ESTIMATED PAYMENTS. 02:02:05.518 --> 02:02:07.153 align:center line:74% position:40% size:75% IT'S APPARENT THAT THE NUMBER 02:02:07.153 --> 02:02:08.521 align:center line:74% position:33% size:70% OF FIRMS WERE STRUGGLING TO 02:02:08.521 --> 02:02:10.389 align:center line:74% position:27% size:63% COME INTO COMPLIANCE AND 02:02:10.389 --> 02:02:12.391 align:center line:74% position:27% size:63% UNDERSTAND HOW THEY WERE 02:02:12.391 --> 02:02:15.661 align:center line:74% position:21% size:53% AFFECTED BY THE TAX. 02:02:15.661 --> 02:02:16.696 align:center line:74% position:27% size:63% WE HAVE CONTINUED TO GET 02:02:16.696 --> 02:02:18.064 align:center line:74% position:40% size:75% PAYMENTS FOR 2021 OBLIGATIONS 02:02:18.064 --> 02:02:19.598 align:center line:74% position:19% size:48% THROUGH THIS YEAR. 02:02:19.598 --> 02:02:21.600 align:center line:74% position:44% size:78% AND AS RECENTLY AS LAST MONTH. 02:02:21.600 --> 02:02:25.738 align:center line:74% position:17% size:43% EVEN THIS MONTH. 02:02:25.738 --> 02:02:27.406 align:center line:74% position:40% size:75% IN TOTAL WE HAVE COLLECTED AN 02:02:27.406 --> 02:02:31.143 align:center line:74% position:44% size:78% ADDITIONAL $42 MILLION IN 2021 02:02:31.143 --> 02:02:34.313 align:center line:74% position:27% size:63% PAYMENTS. AS A TECHNICAL 02:02:34.313 --> 02:02:35.181 align:center line:74% position:40% size:75% MATTER, AN ACCOUNTING MATTER, 02:02:35.181 --> 02:02:37.616 align:center line:74% position:33% size:70% THEY HAVE TO BE RECORDED AS 02:02:37.616 --> 02:02:37.983 align:center line:74% position:16% size:38% 2022 REVENUES. 02:02:37.983 --> 02:02:39.418 align:center line:74% position:50% size:80% BECAUSE THEY COME IN AS LATE AS 02:02:39.418 --> 02:02:40.286 align:center line:74% position:14% size:28% THEY HAVE. 02:02:40.286 --> 02:02:44.090 align:center line:74% position:33% size:70% CITY ORDINANCE DICTATES THE 02:02:44.090 --> 02:02:46.092 align:center line:74% position:40% size:75% 2021 PAYROLL EXPENSE REVENUES 02:02:46.092 --> 02:02:49.161 align:center line:74% position:29% size:65% GO INTO THE GENERAL FUND. 02:02:49.161 --> 02:02:51.430 align:center line:74% position:33% size:70% AS SHOWN HERE, GENERAL FUND 02:02:51.430 --> 02:02:53.532 align:center line:74% position:13% size:25% REVENUES. 02:02:53.532 --> 02:02:54.367 align:center line:74% position:31% size:68% GOING FORWARD, THE PAYROLL 02:02:54.367 --> 02:02:57.403 align:center line:74% position:50% size:80% EXPENSE TAX FOR 2022 AND BEYOND 02:02:57.403 --> 02:03:02.274 align:center line:74% position:50% size:80% ARE IN THEIR OWN SEPARATE FUND. 02:03:02.274 --> 02:03:03.743 align:center line:74% position:40% size:75% THESE ARE BEING DIRECTED INTO 02:03:03.743 --> 02:03:07.446 align:center line:74% position:18% size:45% THE GENERAL FUND. 02:03:07.446 --> 02:03:08.848 align:center line:74% position:50% size:80% FROM THAT PERSPECTIVE THERE ARE 02:03:08.848 --> 02:03:12.785 align:center line:74% position:44% size:78% ONE-TIME GENERAL FUND RESOURCES 02:03:12.785 --> 02:03:14.019 align:center line:74% position:50% size:80% . THE PAYROLL EXPENSE WILL SHOW 02:03:14.019 --> 02:03:14.820 align:center line:74% position:25% size:60% YOU THAT GOING FORWARD. 02:03:14.820 --> 02:03:16.055 align:center line:74% position:40% size:75% GOING FORWARD IT WILL BE INTO 02:03:16.055 --> 02:03:17.089 align:center line:74% position:18% size:45% THE GENERAL FUND. 02:03:17.089 --> 02:03:20.993 align:center line:74% position:50% size:80% THIS DOESN'T IMPLY, IN APRIL WE 02:03:20.993 --> 02:03:22.228 align:center line:74% position:44% size:78% TOLD YOU THE FINAL NUMBERS FOR 02:03:22.228 --> 02:03:23.829 align:center line:74% position:33% size:70% THE PAYROLL EXPENSE TAX AND 02:03:23.829 --> 02:03:26.065 align:center line:74% position:29% size:65% 2021, ABOUT $248 MILLION. 02:03:26.065 --> 02:03:32.004 align:center line:74% position:31% size:68% WITH THIS IT TURNS OUT THE 02:03:32.004 --> 02:03:32.805 align:center line:74% position:44% size:78% ACTUAL TOTAL PAYMENTS FOR 2021 02:03:32.805 --> 02:03:34.473 align:center line:74% position:50% size:80% ARE CLOSER TO 200 OR JUST ABOVE 02:03:34.473 --> 02:03:34.807 align:center line:74% position:15% size:35% $290 MILLION. 02:03:34.807 --> 02:03:36.242 align:center line:74% position:44% size:78% UNDERSTANDING THAT IS THE BASE 02:03:36.242 --> 02:03:41.213 align:center line:74% position:31% size:68% IS AFFECTING OUR FORECAST. 02:03:41.213 --> 02:03:42.014 align:center line:74% position:21% size:53% YOU WILL SEE WE HAVE 02:03:42.014 --> 02:03:43.382 align:center line:74% position:33% size:70% SIGNIFICANT CONCERN AT THIS 02:03:43.382 --> 02:03:43.616 align:center line:74% position:12% size:18% POINT. 02:03:43.616 --> 02:03:45.718 align:center line:74% position:40% size:75% WE DON'T EXPECT TO MATCH THAT 02:03:45.718 --> 02:03:47.119 align:center line:74% position:25% size:60% FIGURE IN 2021 OR 2022. 02:03:47.119 --> 02:03:51.056 align:center line:74% position:21% size:53% WE WILL EXPLAIN WHY. 02:03:51.056 --> 02:03:52.691 align:center line:74% position:40% size:75% FOR THIS YEAR, THIS IS A VERY 02:03:52.691 --> 02:03:53.492 align:center line:74% position:25% size:60% SIGNIFICANT INCREASE IN 02:03:53.492 --> 02:03:55.594 align:center line:74% position:19% size:48% REVENUES ONE TIME. 02:03:55.594 --> 02:03:56.996 align:center line:74% position:40% size:75% AS YOU CAN SEE, ADDING UP THE 02:03:56.996 --> 02:03:58.464 align:center line:74% position:40% size:75% TOTAL ON THE FAR RIGHT COLUMN 02:03:58.464 --> 02:03:59.331 align:center line:74% position:33% size:70% HAS HELPED TO SIGNIFICANTLY 02:03:59.331 --> 02:04:02.435 align:center line:74% position:40% size:75% OFFSET SOME OF THE REDUCTIONS 02:04:02.435 --> 02:04:03.736 align:center line:74% position:40% size:75% WE ARE SEEING RELATIVE TO THE 02:04:03.736 --> 02:04:06.505 align:center line:74% position:17% size:40% APRIL FORECAST. 02:04:06.505 --> 02:04:07.139 align:center line:74% position:17% size:40% SO THAT'S 2022. 02:04:07.139 --> 02:04:08.908 align:center line:74% position:50% size:80% LOOKING AHEAD TO 2023 AND 2024. 02:04:08.908 --> 02:04:11.243 align:center line:74% position:29% size:65% LET ME ORIENT YOU ON THIS 02:04:11.243 --> 02:04:11.477 align:center line:74% position:12% size:18% TABLE. 02:04:11.477 --> 02:04:13.179 align:center line:74% position:27% size:63% THE FIRST COLUMN HERE OF 02:04:13.179 --> 02:04:15.314 align:center line:74% position:50% size:80% FIGURES IS THE REVISED FORECAST 02:04:15.314 --> 02:04:19.418 align:center line:74% position:25% size:60% FOR 2022 FOR THIS YEAR. 02:04:19.418 --> 02:04:20.853 align:center line:74% position:44% size:78% BUT THERE IS REFERENCE SEE CAN 02:04:20.853 --> 02:04:22.188 align:center line:74% position:50% size:80% SEE HOW THINGS CHANGE FROM YEAR 02:04:22.188 --> 02:04:23.088 align:center line:74% position:13% size:23% TO YEAR. 02:04:23.088 --> 02:04:24.557 align:center line:74% position:36% size:73% IN THE CENTER SECTION WE ARE 02:04:24.557 --> 02:04:25.391 align:center line:74% position:40% size:75% LOOKING AT THE 2023 FORECAST. 02:04:25.391 --> 02:04:28.461 align:center line:74% position:50% size:80% THE INITIAL FORECAST FROM APRIL. 02:04:28.461 --> 02:04:32.731 align:center line:74% position:40% size:75% THE SECOND IS THE REVISED FOR 02:04:32.731 --> 02:04:33.766 align:center line:74% position:29% size:65% THE NEW NUMBERS FOR 2023. 02:04:33.766 --> 02:04:35.000 align:center line:74% position:44% size:78% AND THEN AGAIN, THE DIFFERENCE 02:04:35.000 --> 02:04:36.101 align:center line:74% position:19% size:48% HERE ON THE RIGHT. 02:04:36.101 --> 02:04:41.574 align:center line:74% position:21% size:53% THAT CENTER PORTION. 02:04:41.574 --> 02:04:43.175 align:center line:74% position:50% size:80% ON THE RIGHT SIDE OF THE TABLE, 02:04:43.175 --> 02:04:44.243 align:center line:74% position:44% size:78% THE SAME INFORMATION FOR 2024. 02:04:44.243 --> 02:04:45.411 align:center line:74% position:50% size:80% THE APRIL FORECAST, THE REVISED 02:04:45.411 --> 02:04:49.381 align:center line:74% position:17% size:43% AUGUST FORECAST. 02:04:49.381 --> 02:04:50.449 align:center line:74% position:36% size:73% IT'S A RELATIVELY HIGH CLIP. 02:04:50.449 --> 02:04:52.117 align:center line:74% position:31% size:68% I WILL GO THROUGH AND TALK 02:04:52.117 --> 02:04:56.989 align:center line:74% position:31% size:68% ABOUT THE CHANGES FROM THE 02:04:56.989 --> 02:04:57.623 align:center line:74% position:50% size:80% FORECAST OFFICE PERSPECTIVE AND 02:04:57.623 --> 02:04:58.824 align:center line:74% position:31% size:68% THEN TURNED TO DAVE ON THE 02:04:58.824 --> 02:04:59.225 align:center line:74% position:13% size:20% OTHERS. 02:04:59.225 --> 02:05:00.259 align:center line:74% position:50% size:80% AGAIN, PROPERTY TAX, ONLY SMALL 02:05:00.259 --> 02:05:00.526 align:center line:74% position:13% size:23% CHANGES. 02:05:00.526 --> 02:05:03.963 align:center line:74% position:44% size:78% IT GROWS AT 1% PLUS ITS VALUE. 02:05:03.963 --> 02:05:05.464 align:center line:74% position:33% size:70% THOSE THINGS ARE NOT A VERY 02:05:05.464 --> 02:05:07.633 align:center line:74% position:17% size:43% STABLE FORECAST. 02:05:07.633 --> 02:05:11.437 align:center line:74% position:40% size:75% WE ARE SEEING SOMEWHAT HIGHER 02:05:11.437 --> 02:05:13.606 align:center line:74% position:40% size:75% NEW CONSTRUCTION THAN WHAT WE 02:05:13.606 --> 02:05:18.310 align:center line:74% position:33% size:70% HAD ANTICIPATED BECAUSE THE 02:05:18.310 --> 02:05:19.745 align:center line:74% position:50% size:80% CONCRETE STRIKE DID NOT HAVE AS 02:05:19.745 --> 02:05:20.980 align:center line:74% position:50% size:80% MUCH OF A DOWNWARD EFFECT AS WE 02:05:20.980 --> 02:05:22.147 align:center line:74% position:18% size:45% THOUGHT IT MIGHT. 02:05:22.147 --> 02:05:24.450 align:center line:74% position:44% size:78% RETAIL SALES ARE UP IN NOMINAL 02:05:24.450 --> 02:05:25.084 align:center line:74% position:17% size:40% TERMS FOR 2023. 02:05:25.084 --> 02:05:26.485 align:center line:74% position:40% size:75% 2024, A REDUCTION RELATIVE TO 02:05:26.485 --> 02:05:27.319 align:center line:74% position:12% size:18% APRIL. 02:05:27.319 --> 02:05:28.554 align:center line:74% position:29% size:65% AS WE SAW THE LONGER-TERM 02:05:28.554 --> 02:05:29.722 align:center line:74% position:50% size:80% FORECAST SHOWED THAT THE ATOMIC 02:05:29.722 --> 02:05:35.427 align:center line:74% position:44% size:78% ECONOMY GROWS LESS THAN WE HAD 02:05:35.427 --> 02:05:36.161 align:center line:74% position:31% size:68% ANTICIPATED BACK IN APRIL. 02:05:36.161 --> 02:05:37.229 align:center line:74% position:31% size:68% THIS IS AN OCCUPATION TAX. 02:05:37.229 --> 02:05:38.631 align:center line:74% position:50% size:80% AGAIN, WE HAVE COME TO A BETTER 02:05:38.631 --> 02:05:40.466 align:center line:74% position:44% size:78% UNDERSTANDING OF WHAT THE BASE 02:05:40.466 --> 02:05:41.467 align:center line:74% position:11% size:10% IS. 02:05:41.467 --> 02:05:42.301 align:center line:74% position:36% size:73% IT'S CONSISTENT WITH WHAT WE 02:05:42.301 --> 02:05:42.701 align:center line:74% position:14% size:30% SAW BEFORE. 02:05:42.701 --> 02:05:44.537 align:center line:74% position:25% size:60% AND THE LOWER GROWTH IS 02:05:44.537 --> 02:05:46.739 align:center line:74% position:33% size:70% CONSISTENT WITH THE REVISED 02:05:46.739 --> 02:05:51.443 align:center line:74% position:50% size:80% REGIONAL FORECAST THAT SHOWS AN 02:05:51.443 --> 02:05:52.978 align:center line:74% position:17% size:43% OVERALL COOLING. 02:05:52.978 --> 02:05:54.613 align:center line:74% position:44% size:78% REVIT UTILITY TAXES, AGAIN, UP 02:05:54.613 --> 02:05:55.481 align:center line:74% position:13% size:25% SOMEWHAT. 02:05:55.481 --> 02:05:57.182 align:center line:74% position:40% size:75% NATURAL GAS IS A BIG PIECE OF 02:05:57.182 --> 02:05:58.817 align:center line:74% position:12% size:15% THAT. 02:05:58.817 --> 02:06:01.086 align:center line:74% position:50% size:80% ALSO CABLE IS HOLDING UP BETTER 02:06:01.086 --> 02:06:06.492 align:center line:74% position:17% size:43% THAN WE THOUGHT. 02:06:06.492 --> 02:06:11.497 align:center line:74% position:50% size:80% THE OVERALL PATTERNS THAT WE SEE 02:06:11.497 --> 02:06:13.766 align:center line:74% position:44% size:78% IN 2022 CONTINUE INTO 2023 AND 02:06:13.766 --> 02:06:15.534 align:center line:74% position:12% size:15% 2024. 02:06:15.534 --> 02:06:16.769 align:center line:74% position:36% size:73% ACKNOWLEDGING SLOWER OVERALL 02:06:16.769 --> 02:06:17.503 align:center line:74% position:13% size:20% GROWTH. 02:06:17.503 --> 02:06:17.703 align:center line:74% position:12% size:15% DAVE? 02:06:17.703 --> 02:06:19.838 align:center line:74% position:15% size:35% >> THANK YOU. 02:06:19.838 --> 02:06:26.779 align:center line:74% position:36% size:73% I WOULD REITERATE THAT POINT 02:06:26.779 --> 02:06:27.780 align:center line:74% position:44% size:78% FOR THE FORECASTED AMOUNTS TO. 02:06:27.780 --> 02:06:29.982 align:center line:74% position:50% size:80% A LOT OF THOSE AMOUNTS, WE HAVE 02:06:29.982 --> 02:06:31.884 align:center line:74% position:31% size:68% ADJUSTED THE BASE IN 2022. 02:06:31.884 --> 02:06:33.152 align:center line:74% position:29% size:65% A LOT OF THE SAME FACTORS 02:06:33.152 --> 02:06:33.385 align:center line:74% position:12% size:18% APPLY. 02:06:33.385 --> 02:06:34.119 align:center line:74% position:27% size:63% THAT IS CARRYING ACROSS. 02:06:34.119 --> 02:06:35.554 align:center line:74% position:40% size:75% THE ONE I WOULD LIKE TO POINT 02:06:35.554 --> 02:06:36.956 align:center line:74% position:40% size:75% OUT IS LICENSES, PERMITS, AND 02:06:36.956 --> 02:06:41.293 align:center line:74% position:17% size:43% INTEREST INCOME. 02:06:41.293 --> 02:06:43.162 align:center line:74% position:36% size:73% THAT IS A DROP OF ABOUT $3.3 02:06:43.162 --> 02:06:45.130 align:center line:74% position:19% size:48% MILLION EACH YEAR. 02:06:45.130 --> 02:06:48.600 align:center line:74% position:44% size:78% THAT IS LARGELY DUE TO CHANGES 02:06:48.600 --> 02:06:50.502 align:center line:74% position:50% size:80% IN BUSINESS LICENSE EXPECTATIONS 02:06:50.502 --> 02:06:52.538 align:center line:74% position:44% size:78% . THEN THERE IS A REDUCTION IN 02:06:52.538 --> 02:06:59.445 align:center line:74% position:19% size:48% EMERGENCY SERVICES 02:06:59.445 --> 02:07:03.248 align:center line:74% position:36% size:73% REIMBURSEMENTS COMING TO YOU 02:07:03.248 --> 02:07:04.717 align:center line:74% position:44% size:78% WAS THE POLICE DEPARTMENT NOW, 02:07:04.717 --> 02:07:11.056 align:center line:74% position:29% size:65% I'M BLANKING ON THE NAME. 02:07:11.056 --> 02:07:12.091 align:center line:74% position:31% size:68% THAT'S A DECISION THEY ARE 02:07:12.091 --> 02:07:13.525 align:center line:74% position:40% size:75% MAKING ABOUT HOW TO USE THOSE 02:07:13.525 --> 02:07:13.826 align:center line:74% position:14% size:28% RESOURCES. 02:07:13.826 --> 02:07:15.828 align:center line:74% position:33% size:70% THERE IS A REDUCTION THERE. 02:07:15.828 --> 02:07:17.096 align:center line:74% position:22% size:55% THERE ARE SOME LESSER 02:07:17.096 --> 02:07:22.768 align:center line:74% position:21% size:53% ADJUSTMENTS AS WELL. 02:07:22.768 --> 02:07:23.402 align:center line:74% position:31% size:68% ASSUMED COMMERCIAL PARKING 02:07:23.402 --> 02:07:24.970 align:center line:74% position:31% size:68% LICENSES AND THEN A SLIGHT 02:07:24.970 --> 02:07:26.639 align:center line:74% position:36% size:73% DECLINE IN INTEREST EARNINGS 02:07:26.639 --> 02:07:28.540 align:center line:74% position:27% size:63% BASED ON EXPECTATIONS OF 02:07:28.540 --> 02:07:30.442 align:center line:74% position:44% size:78% LOWERING CASH BALANCES FOR THE 02:07:30.442 --> 02:07:33.779 align:center line:74% position:15% size:35% GENERAL FUND. 02:07:33.779 --> 02:07:36.281 align:center line:74% position:50% size:80% >> I'M GOING TO ENCOURAGE US TO 02:07:36.281 --> 02:07:42.855 align:center line:74% position:44% size:78% GET TO PAGES 18 AND 19 SO THAT 02:07:42.855 --> 02:07:47.359 align:center line:74% position:31% size:68% WE CAN GET INTO QUESTIONS. 02:07:47.359 --> 02:07:51.063 align:center line:74% position:40% size:75% THAT WILL LEAVE US WITH ABOUT 02:07:51.063 --> 02:07:52.097 align:center line:74% position:25% size:60% 45 MINUTES FOR THE LAST 02:07:52.097 --> 02:07:52.931 align:center line:74% position:22% size:55% PRESENTATION AS WELL. 02:07:52.931 --> 02:07:55.167 align:center line:74% position:44% size:78% I WANT TO THINK THE FOLKS FROM 02:07:55.167 --> 02:07:59.271 align:center line:74% position:44% size:78% THE CITY BUDGET OFFICE AS WELL 02:07:59.271 --> 02:08:00.506 align:center line:74% position:50% size:80% WHO HAVE OFFERED TO COME TO OUR 02:08:00.506 --> 02:08:01.540 align:center line:74% position:40% size:75% NEXT MEETING ON SEPTEMBER 7th 02:08:01.540 --> 02:08:05.444 align:center line:74% position:29% size:65% TO DO A REPORT OUT ON OUR 02:08:05.444 --> 02:08:06.745 align:center line:74% position:40% size:75% AMERICAN RESCUE PLAN, SEATTLE 02:08:06.745 --> 02:08:08.547 align:center line:74% position:22% size:55% RESCUE PLAN EXPENSES. 02:08:08.547 --> 02:08:10.182 align:center line:74% position:36% size:73% WE WILL ADD THAT ITEM TO OUR 02:08:10.182 --> 02:08:11.450 align:center line:74% position:50% size:80% AGENDA FOR SEPTEMBER 7th, WHICH 02:08:11.450 --> 02:08:13.685 align:center line:74% position:44% size:78% JUST LEAVES US WITH CONCLUDING 02:08:13.685 --> 02:08:15.187 align:center line:74% position:40% size:75% THIS ITEM, AGENDA ITEM NUMBER 02:08:15.187 --> 02:08:15.454 align:center line:74% position:12% size:15% FOUR. 02:08:15.454 --> 02:08:22.061 align:center line:74% position:29% size:65% WE HAVE SPENT THE LAST 45 02:08:22.061 --> 02:08:22.928 align:center line:74% position:36% size:73% MINUTES ON THE AGENDA NUMBER 02:08:22.928 --> 02:08:23.328 align:center line:74% position:12% size:15% FIVE. 02:08:23.328 --> 02:08:24.530 align:center line:74% position:50% size:80% >> THIS IS A REDUCTION OF ABOUT 02:08:24.530 --> 02:08:26.999 align:center line:74% position:50% size:80% 16 1/2 MILLION FOR THE FORECAST 02:08:26.999 --> 02:08:28.233 align:center line:74% position:36% size:73% AND JUST OVER 11 MILLION FOR 02:08:28.233 --> 02:08:28.834 align:center line:74% position:19% size:48% THE 2024 FORECAST. 02:08:28.834 --> 02:08:30.636 align:center line:74% position:36% size:73% THE ONLY OTHER POINT I WOULD 02:08:30.636 --> 02:08:33.539 align:center line:74% position:44% size:78% MAKE ABOUT THIS GRAPHIC IS THE 02:08:33.539 --> 02:08:35.307 align:center line:74% position:40% size:75% PERCENTAGE CHANGE AT THE VERY 02:08:35.307 --> 02:08:35.541 align:center line:74% position:13% size:20% BOTTOM. 02:08:35.541 --> 02:08:35.908 align:center line:74% position:16% size:38% ANNUAL GROWTH. 02:08:35.908 --> 02:08:40.879 align:center line:74% position:50% size:80% JUST HIGHLIGHTING THAT RELATIVE 02:08:40.879 --> 02:08:42.514 align:center line:74% position:44% size:78% TO 2022 2023 WE ACTUALLY HAD A 02:08:42.514 --> 02:08:43.182 align:center line:74% position:29% size:65% REDUCTION IN RESOURCES IN 02:08:43.182 --> 02:08:43.449 align:center line:74% position:13% size:23% GENERAL. 02:08:43.449 --> 02:08:51.123 align:center line:74% position:33% size:70% IT IS PRINCIPALLY THIS ONE. 02:08:51.123 --> 02:08:51.957 align:center line:74% position:31% size:68% THE FUND BALANCE TRANSFER. 02:08:51.957 --> 02:08:52.791 align:center line:74% position:24% size:58% THE 2022 BUDGET RELIES 02:08:52.791 --> 02:08:53.392 align:center line:74% position:33% size:70% SIGNIFICANTLY ON TRANSFERS. 02:08:53.392 --> 02:08:54.426 align:center line:74% position:50% size:80% THAT'S NOT GOING TO NECESSARILY 02:08:54.426 --> 02:08:55.027 align:center line:74% position:20% size:50% CONTINUE INTO 2023. 02:08:55.027 --> 02:08:56.628 align:center line:74% position:50% size:80% IT IS CREATING SOME CHALLENGES. 02:08:56.628 --> 02:09:03.068 align:center line:74% position:50% size:80% SHIFT REALLY QUICK HERE TO TALK 02:09:03.068 --> 02:09:04.036 align:center line:74% position:40% size:75% ABOUT THE OTHER REVENUES THAT 02:09:04.036 --> 02:09:05.270 align:center line:74% position:50% size:80% WE HAVE FORECASTED THAT ARE NOT 02:09:05.270 --> 02:09:06.538 align:center line:74% position:50% size:80% IN THE GENERAL FUND, BOTH WHICH 02:09:06.538 --> 02:09:06.972 align:center line:74% position:17% size:43% ARE SIGNIFICANT. 02:09:06.972 --> 02:09:08.373 align:center line:74% position:33% size:70% THE LARGEST OF THOSE IS THE 02:09:08.373 --> 02:09:08.841 align:center line:74% position:21% size:53% PAYROLL EXPENSE TAX. 02:09:08.841 --> 02:09:10.275 align:center line:74% position:36% size:73% I WILL SPEND A LITTLE BIT OF 02:09:10.275 --> 02:09:11.210 align:center line:74% position:14% size:28% TIME HERE. 02:09:11.210 --> 02:09:14.980 align:center line:74% position:50% size:80% AS I INDICATED, THE 2021 ACTUALS 02:09:14.980 --> 02:09:16.615 align:center line:74% position:44% size:78% , AS WE UNDERSTOOD THEM AT THE 02:09:16.615 --> 02:09:20.119 align:center line:74% position:22% size:55% TIME, OR 248 MILLION. 02:09:20.119 --> 02:09:21.286 align:center line:74% position:25% size:60% AS INDICATED THAT IS AN 02:09:21.286 --> 02:09:26.892 align:center line:74% position:50% size:80% ADDITIONAL $42 MILLION PAID IN. 02:09:26.892 --> 02:09:27.926 align:center line:74% position:40% size:75% THE BASE FOR THE PAYROLL TAX, 02:09:27.926 --> 02:09:29.428 align:center line:74% position:40% size:75% AS WE UNDERSTAND FOR 2021, IS 02:09:29.428 --> 02:09:34.266 align:center line:74% position:15% size:35% $290 MILLION. 02:09:34.266 --> 02:09:35.501 align:center line:74% position:36% size:73% THE FORECAST THAT WE HAD FOR 02:09:35.501 --> 02:09:36.535 align:center line:74% position:27% size:63% 2022 WAS LESS THAN THAT. 02:09:36.535 --> 02:09:37.336 align:center line:74% position:20% size:50% IT WAS 277 MILLION. 02:09:37.336 --> 02:09:39.438 align:center line:74% position:50% size:80% BUT THAT WAS A FORECAST THAT WAS 02:09:39.438 --> 02:09:40.606 align:center line:74% position:44% size:78% BASED ON ALMOST NO INFORMATION 02:09:40.606 --> 02:09:41.540 align:center line:74% position:15% size:33% AT THE TIME. 02:09:41.540 --> 02:09:44.309 align:center line:74% position:21% size:53% WE KNEW THE NUMBERS. 02:09:44.309 --> 02:09:46.545 align:center line:74% position:36% size:73% WE HAD SEEN ANY PAYMENTS FOR 02:09:46.545 --> 02:09:47.379 align:center line:74% position:12% size:15% 2022. 02:09:47.379 --> 02:09:48.413 align:center line:74% position:31% size:68% WE HAVE NOW SEEN QUARTERLY 02:09:48.413 --> 02:09:49.748 align:center line:74% position:33% size:70% PAYMENTS FROM THE FIRST AND 02:09:49.748 --> 02:09:51.083 align:center line:74% position:17% size:40% SECOND QUARTER. 02:09:51.083 --> 02:09:52.918 align:center line:74% position:50% size:80% THOSE ARE JUST NOT KEEPING PACE 02:09:52.918 --> 02:09:57.222 align:center line:74% position:24% size:58% WITH THE 2021 FIGURES. 02:09:57.222 --> 02:09:58.857 align:center line:74% position:36% size:73% THE FORECAST THAT WE HAD FOR 02:09:58.857 --> 02:10:05.597 align:center line:74% position:50% size:80% 2022 IS ACTUALLY SOMEWHAT HIGHER 02:10:05.597 --> 02:10:07.266 align:center line:74% position:31% size:68% THAN THE REVISED FORECAST. 02:10:07.266 --> 02:10:08.267 align:center line:74% position:36% size:73% SOMEWHAT HIGHER THAN WHAT WE 02:10:08.267 --> 02:10:08.867 align:center line:74% position:15% size:35% HAD IN APRIL. 02:10:08.867 --> 02:10:10.335 align:center line:74% position:31% size:68% BUT WE GOT THERE IN A VERY 02:10:10.335 --> 02:10:11.336 align:center line:74% position:16% size:38% DIFFERENT WAY. 02:10:11.336 --> 02:10:12.404 align:center line:74% position:40% size:75% WE NOW UNDERSTAND THAT TO THE 02:10:12.404 --> 02:10:13.639 align:center line:74% position:44% size:78% BASE IS BIGGER THAN WE THOUGHT 02:10:13.639 --> 02:10:14.873 align:center line:74% position:44% size:78% BUT THE PAYMENTS FOR 2022 WILL 02:10:14.873 --> 02:10:16.508 align:center line:74% position:50% size:80% BE LESS THAN THEY WERE IN 2021. 02:10:16.508 --> 02:10:17.776 align:center line:74% position:44% size:78% IN A MINUTE WE WILL TALK ABOUT 02:10:17.776 --> 02:10:19.344 align:center line:74% position:22% size:55% WHY THAT IS THE CASE. 02:10:19.344 --> 02:10:20.412 align:center line:74% position:40% size:75% OTHERWISE THE ADMISSIONS TAX, 02:10:20.412 --> 02:10:21.847 align:center line:74% position:29% size:65% ONLY A VERY SMALL CHANGE. 02:10:21.847 --> 02:10:23.749 align:center line:74% position:36% size:73% REAL ESTATE EXCISE TAX, GOOD 02:10:23.749 --> 02:10:26.618 align:center line:74% position:44% size:78% PERFORMANCE IN THE FIRST HALF. 02:10:26.618 --> 02:10:28.020 align:center line:74% position:36% size:73% UPPING THAT FORECAST FOR THE 02:10:28.020 --> 02:10:28.887 align:center line:74% position:19% size:48% REST OF THIS YEAR. 02:10:28.887 --> 02:10:32.991 align:center line:74% position:33% size:70% AND THEN THE SALES TAX JUST 02:10:32.991 --> 02:10:35.427 align:center line:74% position:40% size:75% FOLLOWS THE OVERALL SALES TAX 02:10:35.427 --> 02:10:36.862 align:center line:74% position:13% size:25% FORECAST. 02:10:36.862 --> 02:10:38.564 align:center line:74% position:31% size:68% I'M GOING TO DO THESE REAL 02:10:38.564 --> 02:10:39.431 align:center line:74% position:12% size:18% QUICK. 02:10:39.431 --> 02:10:43.202 align:center line:74% position:33% size:70% MINOR CHANGES JUST BASED ON 02:10:43.202 --> 02:10:46.638 align:center line:74% position:21% size:53% CURRENT PERFORMANCE. 02:10:46.638 --> 02:10:49.608 align:center line:74% position:27% size:63% THE PAYROLL EXPENSE TAX. 02:10:49.608 --> 02:10:51.076 align:center line:74% position:44% size:78% YOU WILL SEE THAT THE FORECAST 02:10:51.076 --> 02:10:52.845 align:center line:74% position:44% size:78% IS SOMEWHAT LOWER THAN WHAT WE 02:10:52.845 --> 02:10:57.449 align:center line:74% position:21% size:53% SHOWED YOU IN APRIL. 02:10:57.449 --> 02:10:59.451 align:center line:74% position:33% size:70% WE ARE NOT GOING TO HIT THE 02:10:59.451 --> 02:11:02.955 align:center line:74% position:50% size:80% SAME LEVEL OF ACTIVITY IN 2021, 02:11:02.955 --> 02:11:04.022 align:center line:74% position:50% size:80% GIVEN THE FORECAST WE HAVE SEEN 02:11:04.022 --> 02:11:08.527 align:center line:74% position:50% size:80% WE ARE EXPECTING LESS JOB GROWTH 02:11:08.527 --> 02:11:09.528 align:center line:74% position:25% size:60% IN THE SECTORS THAT ARE 02:11:09.528 --> 02:11:10.062 align:center line:74% position:27% size:63% PRINCIPALLY RESPONSIBLE. 02:11:10.062 --> 02:11:10.996 align:center line:74% position:29% size:65% WE ARE EXPECTING SOMEWHAT 02:11:10.996 --> 02:11:11.396 align:center line:74% position:16% size:38% SLOWER GROWTH. 02:11:11.396 --> 02:11:12.798 align:center line:74% position:40% size:75% THAT YOUR IS RELATIVELY SMALL 02:11:12.798 --> 02:11:15.334 align:center line:74% position:27% size:63% BUT THAT'S WHAT DRIVING. 02:11:15.334 --> 02:11:16.802 align:center line:74% position:33% size:70% THE REAL ESTATE EXCISE TAX, 02:11:16.802 --> 02:11:21.106 align:center line:74% position:40% size:75% JUST JUMPING AHEAD TO AN AREA 02:11:21.106 --> 02:11:21.673 align:center line:74% position:24% size:58% OF SIGNIFICANT CHANGE. 02:11:21.673 --> 02:11:23.108 align:center line:74% position:36% size:73% WE SAW STRONG PERFORMANCE IN 02:11:23.108 --> 02:11:23.442 align:center line:74% position:12% size:15% 2022. 02:11:23.442 --> 02:11:27.813 align:center line:74% position:40% size:75% WE EXPECT LEFT NET REVENUE IN 02:11:27.813 --> 02:11:29.481 align:center line:74% position:50% size:80% 2023 AND 2024 AS INTEREST RATES 02:11:29.481 --> 02:11:31.183 align:center line:74% position:40% size:75% START TO COOL THE REAL ESTATE 02:11:31.183 --> 02:11:40.158 align:center line:74% position:13% size:20% MARKET. 02:11:40.158 --> 02:11:41.226 align:center line:74% position:40% size:75% WE ARE STILL NOT ANTICIPATING 02:11:41.226 --> 02:11:42.427 align:center line:74% position:36% size:73% TO REACH THE CURRENT LEVELS. 02:11:42.427 --> 02:11:43.262 align:center line:74% position:44% size:78% I THINK THE COMMERCIAL PARKING 02:11:43.262 --> 02:11:46.465 align:center line:74% position:50% size:80% TAX, IN TERMS OF OTHER CHANGES. 02:11:46.465 --> 02:11:48.567 align:center line:74% position:36% size:73% >> COMMERCIAL PARKING TAX IS 02:11:48.567 --> 02:11:53.672 align:center line:74% position:36% size:73% PRIMARILY REFLECTING WHAT IS 02:11:53.672 --> 02:11:54.907 align:center line:74% position:44% size:78% GOING ON WITH THE NEW REGIONAL 02:11:54.907 --> 02:11:55.507 align:center line:74% position:33% size:70% ECONOMIC OUTLOOK, WHICH HAS 02:11:55.507 --> 02:11:58.110 align:center line:74% position:40% size:75% BEEN REVISED DOWN FROM APRIL, 02:11:58.110 --> 02:12:01.847 align:center line:74% position:44% size:78% PARTICULARLY STARTING IN 2023. 02:12:01.847 --> 02:12:06.285 align:center line:74% position:44% size:78% WE ARE EXPECTING THAT ACTIVITY 02:12:06.285 --> 02:12:07.352 align:center line:74% position:50% size:80% TO RETURN TO PRE-PANDEMIC LEVELS 02:12:07.352 --> 02:12:13.926 align:center line:74% position:27% size:63% , JUST AT A SLOWER PACE. 02:12:13.926 --> 02:12:14.960 align:center line:74% position:36% size:73% >> AS LAST POINT, SOME OTHER 02:12:14.960 --> 02:12:15.761 align:center line:74% position:31% size:68% FURTHER COMMENTS ABOUT THE 02:12:15.761 --> 02:12:18.030 align:center line:74% position:44% size:78% PAYROLL EXPENSE TAX AND WHY IT 02:12:18.030 --> 02:12:19.031 align:center line:74% position:44% size:78% IS FORECASTING LESS REVENUE IN 02:12:19.031 --> 02:12:23.969 align:center line:74% position:29% size:65% 2022 THEN WE SAW IN 2021. 02:12:23.969 --> 02:12:25.904 align:center line:74% position:44% size:78% IT WAS A BASE OF $290 MILLION. 02:12:25.904 --> 02:12:28.140 align:center line:74% position:50% size:80% WE ARE FORECASTING $278 MILLION 02:12:28.140 --> 02:12:30.342 align:center line:74% position:16% size:38% FOR NEXT YEAR. 02:12:30.342 --> 02:12:32.144 align:center line:74% position:36% size:73% ONE OF THE REASONS FOR THAT, 02:12:32.144 --> 02:12:33.278 align:center line:74% position:29% size:65% AGAIN WE ARE SEEING LOWER 02:12:33.278 --> 02:12:40.652 align:center line:74% position:31% size:68% PAYMENTS FOR THE FIRST TWO 02:12:40.652 --> 02:12:41.086 align:center line:74% position:20% size:50% QUARTERS THIS YEAR. 02:12:41.086 --> 02:12:41.853 align:center line:74% position:24% size:58% WE THINK A SIGNIFICANT 02:12:41.853 --> 02:12:43.088 align:center line:74% position:50% size:80% EXPEDITION IF THAT IS THE STOCK 02:12:43.088 --> 02:12:44.489 align:center line:74% position:27% size:63% VALUES OF THE LARGE TECH 02:12:44.489 --> 02:12:45.357 align:center line:74% position:21% size:53% COMPANIES DECLINING. 02:12:45.357 --> 02:12:46.591 align:center line:74% position:44% size:78% A LOT OF THE COMPENSATION THAT 02:12:46.591 --> 02:12:48.226 align:center line:74% position:29% size:65% IS PAID TO FOLKS IN THESE 02:12:48.226 --> 02:12:50.896 align:center line:74% position:33% size:70% COMPANIES IS BASED ON STOCK 02:12:50.896 --> 02:12:52.731 align:center line:74% position:31% size:68% GRANTS. THE VALUE OF THOSE 02:12:52.731 --> 02:12:53.966 align:center line:74% position:22% size:55% GRANTS ARE DECLINING. 02:12:53.966 --> 02:12:55.200 align:center line:74% position:29% size:65% ANOTHER ISSUE THAT WE ARE 02:12:55.200 --> 02:12:58.704 align:center line:74% position:36% size:73% MONITORING IS THE WAY PEOPLE 02:12:58.704 --> 02:13:05.477 align:center line:74% position:50% size:80% SIGN WORKERS TO OFFICES AND THE 02:13:05.477 --> 02:13:07.079 align:center line:74% position:50% size:80% IMPACT OF WORK FROM HOME, WHICH 02:13:07.079 --> 02:13:13.185 align:center line:74% position:40% size:75% ALSO REDUCES TAX OBLIGATIONS. 02:13:13.185 --> 02:13:14.586 align:center line:74% position:50% size:80% WE SPENT A LOT OF TIME THINKING 02:13:14.586 --> 02:13:15.153 align:center line:74% position:14% size:30% ABOUT THIS. 02:13:15.153 --> 02:13:16.922 align:center line:74% position:36% size:73% WE DON'T HAVE A TON OF DATA. 02:13:16.922 --> 02:13:18.190 align:center line:74% position:36% size:73% THIS FORECAST IS ONE THAT IS 02:13:18.190 --> 02:13:20.192 align:center line:74% position:50% size:80% MORE A JUDGMENT CALL THAT IT IS 02:13:20.192 --> 02:13:30.535 align:center line:74% position:20% size:50% BASED ON HARD DATA. 02:13:59.297 --> 02:14:02.601 align:center line:74% position:44% size:78% >> APOLOGIES FOR THE FEEDBACK. 02:14:02.601 --> 02:14:03.635 align:center line:74% position:50% size:80% COUNSELOR HERBOLD, YOU HAD YOUR 02:14:03.635 --> 02:14:04.002 align:center line:74% position:15% size:33% HAND RAISED. 02:14:04.002 --> 02:14:05.203 align:center line:74% position:18% size:45% PLEASE GO AHEAD . 02:14:05.203 --> 02:14:12.377 align:center line:74% position:15% size:35% >> THANK YOU. 02:14:12.377 --> 02:14:13.678 align:center line:74% position:44% size:78% A QUESTION ABOUT THE CONTINUED 02:14:13.678 --> 02:14:18.316 align:center line:74% position:36% size:73% USE OF THE BASELINE ECONOMIC 02:14:18.316 --> 02:14:19.985 align:center line:74% position:40% size:75% SCENARIO, AS WE HEARD IN YOUR 02:14:19.985 --> 02:14:20.986 align:center line:74% position:13% size:20% REPORT. 02:14:20.986 --> 02:14:22.788 align:center line:74% position:24% size:58% THE PROBABILITY OF THE 02:14:22.788 --> 02:14:23.455 align:center line:74% position:27% size:63% PESSIMISTIC FORECAST HAS 02:14:23.455 --> 02:14:26.258 align:center line:74% position:50% size:80% INCREASED FROM A 35% PROBABILITY 02:14:26.258 --> 02:14:32.697 align:center line:74% position:40% size:75% IN APRIL TO A 45% PROBABILITY 02:14:32.697 --> 02:14:34.065 align:center line:74% position:40% size:75% JUST A FEW SHORT MONTHS LATER 02:14:34.065 --> 02:14:36.334 align:center line:74% position:14% size:28% IN AUGUST. 02:14:36.334 --> 02:14:40.272 align:center line:74% position:50% size:80% DESPITE THAT SHIFT THE FORECAST 02:14:40.272 --> 02:14:43.175 align:center line:74% position:40% size:75% CONTINUES TO USE THE BASELINE 02:14:43.175 --> 02:14:44.576 align:center line:74% position:13% size:25% FORECAST. 02:14:44.576 --> 02:14:46.144 align:center line:74% position:33% size:70% YOU GUYS ARE THE EXPERTS IN 02:14:46.144 --> 02:14:48.280 align:center line:74% position:14% size:28% THIS WORK. 02:14:48.280 --> 02:14:49.848 align:center line:74% position:22% size:55% I PURSUE THIS LINE OF 02:14:49.848 --> 02:14:50.882 align:center line:74% position:27% size:63% QUESTIONING IN THE PAST. 02:14:50.882 --> 02:14:54.086 align:center line:74% position:36% size:73% YOUR FORECASTING HAS BEEN ON 02:14:54.086 --> 02:14:56.888 align:center line:74% position:13% size:25% THE MARK. 02:14:56.888 --> 02:14:58.290 align:center line:74% position:31% size:68% I'M JUST WONDERING, FROM A 02:14:58.290 --> 02:15:00.358 align:center line:74% position:36% size:73% MATTER OF PRACTICE, IS THERE 02:15:00.358 --> 02:15:03.462 align:center line:74% position:44% size:78% PERCENTAGE OF PROBABILITY THAT 02:15:03.462 --> 02:15:05.864 align:center line:74% position:50% size:80% FORECASTING EXPERTS USE TO SHIFT 02:15:05.864 --> 02:15:08.733 align:center line:74% position:50% size:80% FROM A BASELINE TO A PESSIMISTIC 02:15:08.733 --> 02:15:15.273 align:center line:74% position:21% size:53% ? IS IT 1% OVER 50%? 02:15:15.273 --> 02:15:18.376 align:center line:74% position:27% size:63% >> REALLY GOOD QUESTION. 02:15:18.376 --> 02:15:19.678 align:center line:74% position:40% size:75% THE WAY THE NATIONAL FORECAST 02:15:19.678 --> 02:15:24.149 align:center line:74% position:50% size:80% WORKS, THE PESSIMISTIC FORECAST 02:15:24.149 --> 02:15:25.183 align:center line:74% position:25% size:60% WILL NEVER BE ABOVE 51. 02:15:25.183 --> 02:15:26.818 align:center line:74% position:27% size:63% IT WOULD THEN BECOME THE 02:15:26.818 --> 02:15:27.486 align:center line:74% position:13% size:25% BASELINE. 02:15:27.486 --> 02:15:29.621 align:center line:74% position:15% size:35% BY CONSTRUCT. 02:15:29.621 --> 02:15:32.958 align:center line:74% position:36% size:73% >> I DIDN'T UNDERSTAND THAT. 02:15:32.958 --> 02:15:33.825 align:center line:74% position:25% size:60% >> WE HAVE EMPLOYED THE 02:15:33.825 --> 02:15:36.695 align:center line:74% position:50% size:80% PESSIMISTIC FORECAST IN THE PAST 02:15:36.695 --> 02:15:38.130 align:center line:74% position:44% size:78% , IN PARTICULAR, MOST RECENTLY 02:15:38.130 --> 02:15:39.498 align:center line:74% position:29% size:65% IN THE BEGINNING OF 2020. 02:15:39.498 --> 02:15:43.235 align:center line:74% position:24% size:58% WHEN THE PANDEMIC HIT. 02:15:43.235 --> 02:15:45.036 align:center line:74% position:31% size:68% AT THE TIME THERE WERE TWO 02:15:45.036 --> 02:15:45.937 align:center line:74% position:36% size:73% PARTICULAR REASONS FOR THAT. 02:15:45.937 --> 02:15:47.672 align:center line:74% position:36% size:73% ONE IS, WE WERE HIT FIRST IF 02:15:47.672 --> 02:15:54.279 align:center line:74% position:14% size:30% YOU RECALL. 02:15:54.279 --> 02:15:54.980 align:center line:74% position:40% size:75% THESE WERE NOT REFLECTING OUR 02:15:54.980 --> 02:15:55.213 align:center line:74% position:12% size:18% RISKS. 02:15:55.213 --> 02:15:56.748 align:center line:74% position:24% size:58% WE WERE IN A DIFFERENT 02:15:56.748 --> 02:15:57.048 align:center line:74% position:14% size:28% SITUATION. 02:15:57.048 --> 02:16:00.519 align:center line:74% position:50% size:80% IN RETROSPECT WE ALSO RESPONDED 02:16:00.519 --> 02:16:01.286 align:center line:74% position:19% size:48% MORE AGGRESSIVELY. 02:16:01.286 --> 02:16:03.088 align:center line:74% position:36% size:73% THAT WAS A REASON TO USE OUR 02:16:03.088 --> 02:16:06.091 align:center line:74% position:33% size:70% PESSIMISTIC FORECAST FROM A 02:16:06.091 --> 02:16:06.892 align:center line:74% position:31% size:68% PUBLIC HEALTH PERSPECTIVE. 02:16:06.892 --> 02:16:07.926 align:center line:74% position:29% size:65% IT WAS HARD TO KNOW THEN. 02:16:07.926 --> 02:16:10.095 align:center line:74% position:44% size:78% THE OTHER CONCERN WAS THAT THE 02:16:10.095 --> 02:16:11.630 align:center line:74% position:44% size:78% COMPONENTS OF OUR ECONOMY WERE 02:16:11.630 --> 02:16:15.300 align:center line:74% position:36% size:73% POTENTIALLY MORE IMPACTED BY 02:16:15.300 --> 02:16:16.535 align:center line:74% position:50% size:80% THE PANDEMIC THAN THE NATION AS 02:16:16.535 --> 02:16:17.435 align:center line:74% position:13% size:23% A WHOLE. 02:16:17.435 --> 02:16:20.138 align:center line:74% position:44% size:78% THE IDEA WAS THAT THE NATIONAL 02:16:20.138 --> 02:16:22.307 align:center line:74% position:44% size:78% BASELINE WAS NOT REFLECTIVE OF 02:16:22.307 --> 02:16:23.708 align:center line:74% position:17% size:40% OUR RISKS THEN. 02:16:23.708 --> 02:16:29.648 align:center line:74% position:40% size:75% WE DON'T HAVE THAT SENSE NOW. 02:16:29.648 --> 02:16:30.649 align:center line:74% position:25% size:60% WE ARE FEELING THAT OUR 02:16:30.649 --> 02:16:32.183 align:center line:74% position:50% size:80% EXPOSURE WAS NOT UNLIKE THAT OF 02:16:32.183 --> 02:16:34.352 align:center line:74% position:14% size:30% THE NATION. 02:16:34.352 --> 02:16:35.387 align:center line:74% position:22% size:55% I HARP ON IT EARLIER. 02:16:35.387 --> 02:16:37.355 align:center line:74% position:40% size:75% THE BASELINE FORECAST IS ALSO 02:16:37.355 --> 02:16:38.390 align:center line:74% position:17% size:40% NOT A ROSY ONE. 02:16:38.390 --> 02:16:48.900 align:center line:74% position:50% size:80% IT IS ANTICIPATED. IF THEY HAVE 02:16:48.900 --> 02:16:49.734 align:center line:74% position:25% size:60% NOT ANTICIPATED THE GDP 02:16:49.734 --> 02:16:50.569 align:center line:74% position:25% size:60% DECLINE, IF THEY HADN'T 02:16:50.569 --> 02:16:51.403 align:center line:74% position:50% size:80% ANTICIPATED THE RATE INCREASES, 02:16:51.403 --> 02:16:52.404 align:center line:74% position:25% size:60% SO THE BASELINE WAS NOT 02:16:52.404 --> 02:16:53.004 align:center line:74% position:22% size:55% REFLECTIVE OF CURRENT 02:16:53.004 --> 02:16:53.438 align:center line:74% position:14% size:30% CONDITIONS. 02:16:53.438 --> 02:16:54.472 align:center line:74% position:40% size:75% THAT WOULD HAVE BEEN A REASON 02:16:54.472 --> 02:16:55.640 align:center line:74% position:17% size:40% úTO SHIFT AWAY. 02:16:55.640 --> 02:16:59.144 align:center line:74% position:25% size:60% BUT IT IS REFLECTIVE. A 02:16:59.144 --> 02:16:59.978 align:center line:74% position:50% size:80% DISCUSSION RELATED TO THIS THAT 02:16:59.978 --> 02:17:01.012 align:center line:74% position:27% size:63% WE HAD WITH THE FORECAST 02:17:01.012 --> 02:17:02.447 align:center line:74% position:50% size:80% COUNSEL IS THAT WE ARE GOING TO 02:17:02.447 --> 02:17:03.248 align:center line:74% position:25% size:60% CONTINUE TO WATCH THIS. 02:17:03.248 --> 02:17:05.116 align:center line:74% position:40% size:75% WE ARE FOR SURE GOING TO GIVE 02:17:05.116 --> 02:17:09.187 align:center line:74% position:50% size:80% YOU AN UPDATE OF THE MEETING IN 02:17:09.187 --> 02:17:10.021 align:center line:74% position:29% size:65% NOVEMBER, LATE OCTOBER OR 02:17:10.021 --> 02:17:10.622 align:center line:74% position:24% size:58% BEGINNING OF NOVEMBER. 02:17:10.622 --> 02:17:13.191 align:center line:74% position:36% size:73% BUT IF THINGS WERE TO CHANGE 02:17:13.191 --> 02:17:16.161 align:center line:74% position:21% size:53% DRAMATICALLY AND THE 02:17:16.161 --> 02:17:16.962 align:center line:74% position:31% size:68% IMPLICATION WAS A DOWNWARD 02:17:16.962 --> 02:17:17.829 align:center line:74% position:29% size:65% REVISION IN THE FORECAST, 02:17:17.829 --> 02:17:18.830 align:center line:74% position:44% size:78% THAT'S SOMETHING THAT WE MIGHT 02:17:18.830 --> 02:17:20.031 align:center line:74% position:40% size:75% WANT TO BRING TO YOU EARLIER. 02:17:20.031 --> 02:17:21.266 align:center line:74% position:40% size:75% AS A DELIBERATIVE BODY TO THE 02:17:21.266 --> 02:17:23.435 align:center line:74% position:31% size:68% CITY COUNCIL AND ENGAGE IN 02:17:23.435 --> 02:17:28.873 align:center line:74% position:29% size:65% DISCUSSION TO POTENTIALLY 02:17:28.873 --> 02:17:30.108 align:center line:74% position:36% size:73% RESPOND AS YOU ENGAGE IN THE 02:17:30.108 --> 02:17:31.343 align:center line:74% position:44% size:78% BUDGET PROCESS AND NOT HAVE TO 02:17:31.343 --> 02:17:32.544 align:center line:74% position:40% size:75% MAKE CHANGES AT THE VERY LAST 02:17:32.544 --> 02:17:33.178 align:center line:74% position:15% size:33% IF YOU WILL. 02:17:33.178 --> 02:17:34.446 align:center line:74% position:33% size:70% WE ARE GOING TO CONTINUE TO 02:17:34.446 --> 02:17:35.480 align:center line:74% position:21% size:53% KEEP AN EYE ON THAT. 02:17:35.480 --> 02:17:36.281 align:center line:74% position:40% size:75% IF THINGS DETERIORATE FURTHER 02:17:36.281 --> 02:17:37.282 align:center line:74% position:29% size:65% WE WILL REACH BACK BEFORE 02:17:37.282 --> 02:17:38.516 align:center line:74% position:31% size:68% NOVEMBER AND WORK OUT SOME 02:17:38.516 --> 02:17:40.151 align:center line:74% position:33% size:70% TIMELINES ABOUT WHEN WE CAN 02:17:40.151 --> 02:17:42.354 align:center line:74% position:44% size:78% BEGIN SOME OF THAT WORK IN MID 02:17:42.354 --> 02:17:43.421 align:center line:74% position:40% size:75% SEPTEMBER OR EARLY OCTOBER IF 02:17:43.421 --> 02:17:46.057 align:center line:74% position:27% size:63% THAT PROVES APPROPRIATE. 02:17:46.057 --> 02:17:49.194 align:center line:74% position:29% size:65% RESPONDING TO EXACTLY THE 02:17:49.194 --> 02:17:50.495 align:center line:74% position:44% size:78% QUESTION AND SCENARIO THAT YOU 02:17:50.495 --> 02:17:51.896 align:center line:74% position:21% size:53% ARE CONCERNED ABOUT. 02:17:51.896 --> 02:17:54.232 align:center line:74% position:15% size:35% >> THANK YOU. 02:17:54.232 --> 02:17:59.971 align:center line:74% position:25% size:60% >> THANK YOU VERY MUCH. 02:17:59.971 --> 02:18:00.839 align:center line:74% position:31% size:68% I AM NOT SEEING ADDITIONAL 02:18:00.839 --> 02:18:01.206 align:center line:74% position:14% size:28% QUESTIONS. 02:18:01.206 --> 02:18:02.407 align:center line:74% position:25% size:60% I KNOW THIS IS JUST THE 02:18:02.407 --> 02:18:03.041 align:center line:74% position:36% size:73% PRECURSOR, THE GROUNDING FOR 02:18:03.041 --> 02:18:04.809 align:center line:74% position:36% size:73% THE NEXT ITEM ON THE AGENDA. 02:18:04.809 --> 02:18:08.146 align:center line:74% position:44% size:78% I WANT TO THANK DIRECTOR NOBLE 02:18:08.146 --> 02:18:09.547 align:center line:74% position:31% size:68% AND MY COLLEAGUES AS WELL. 02:18:09.547 --> 02:18:15.754 align:center line:74% position:40% size:75% THIS IS THE CONVERSATION THAT 02:18:15.754 --> 02:18:16.788 align:center line:74% position:29% size:65% HAS REALLY FOCUSED ON THE 02:18:16.788 --> 02:18:17.255 align:center line:74% position:21% size:53% REVENUE PROJECTIONS. 02:18:17.255 --> 02:18:18.623 align:center line:74% position:44% size:78% THE NEXT ITEM ON OUR AGENDA IS 02:18:18.623 --> 02:18:19.924 align:center line:74% position:29% size:65% THE OVERALL HEALTH OF THE 02:18:19.924 --> 02:18:22.727 align:center line:74% position:15% size:35% GENERAL FUND. 02:18:22.727 --> 02:18:23.962 align:center line:74% position:31% size:68% AND A PREVIEW FOR THE FALL 02:18:23.962 --> 02:18:24.996 align:center line:74% position:27% size:63% BUDGET WHERE WE HAVE THE 02:18:24.996 --> 02:18:25.797 align:center line:74% position:33% size:70% GENERAL FUND FINANCIAL PLAN 02:18:25.797 --> 02:18:26.965 align:center line:74% position:20% size:50% ITEM ON OUR AGENDA. 02:18:26.965 --> 02:18:31.102 align:center line:74% position:40% size:75% SO PLEASE KEEP YOUR QUESTIONS 02:18:31.102 --> 02:18:31.936 align:center line:74% position:40% size:75% FOR DIRECTOR NOBLE FOCUSED ON 02:18:31.936 --> 02:18:32.737 align:center line:74% position:40% size:75% THE REVENUE PROJECTIONS ONLY. 02:18:32.737 --> 02:18:34.005 align:center line:74% position:36% size:73% I SEE ONE MORE QUESTION FROM 02:18:34.005 --> 02:18:34.806 align:center line:74% position:40% size:75% COUNCILMEMBER PEDERSEN BEFORE 02:18:34.806 --> 02:18:35.440 align:center line:74% position:15% size:33% WE MOVE ON. 02:18:35.440 --> 02:18:36.274 align:center line:74% position:33% size:70% >> THANK YOU, COUNCILMEMBER 02:18:36.274 --> 02:18:36.641 align:center line:74% position:13% size:25% MOSQUEDA. 02:18:36.641 --> 02:18:37.909 align:center line:74% position:24% size:58% AND THANK YOU FOR THIS 02:18:37.909 --> 02:18:39.444 align:center line:74% position:15% size:35% PRESENTATION. 02:18:39.444 --> 02:18:40.545 align:center line:74% position:40% size:75% I APPRECIATE YOU BREAKING OUT 02:18:40.545 --> 02:18:44.282 align:center line:74% position:40% size:75% THE RECENT HISTORY OF THE NEW 02:18:44.282 --> 02:18:48.386 align:center line:74% position:40% size:75% JUMPSTART PAYROLL TAX AND THE 02:18:48.386 --> 02:18:49.387 align:center line:74% position:44% size:78% DIFFERENCE IN WHAT WAS PART OF 02:18:49.387 --> 02:18:50.955 align:center line:74% position:27% size:63% THE GENERAL FUND WHEN WE 02:18:50.955 --> 02:18:52.524 align:center line:74% position:50% size:80% CREATED A SEPARATE FUND FOR THE 02:18:52.524 --> 02:18:58.830 align:center line:74% position:40% size:75% PAYROLL TAX. IN TERMS OF WHAT 02:18:58.830 --> 02:18:59.964 align:center line:74% position:44% size:78% WOULD BE THE BASELINE FOR THAT 02:18:59.964 --> 02:19:03.935 align:center line:74% position:40% size:75% PAYROLL TAX, I GUESS WHAT I'M 02:19:03.935 --> 02:19:07.439 align:center line:74% position:44% size:78% LOOKING TO IS THE EXPECTATION. 02:19:07.439 --> 02:19:09.074 align:center line:74% position:29% size:65% I JUST WANT TO CONFIRM MY 02:19:09.074 --> 02:19:10.041 align:center line:74% position:15% size:35% NUMBERS HERE. 02:19:10.041 --> 02:19:11.876 align:center line:74% position:21% size:53% 2022 ADOPTED BUDGET. 02:19:11.876 --> 02:19:21.519 align:center line:74% position:50% size:80% SO WE ADOPTED THIS IN NOVEMBER. 02:19:21.519 --> 02:19:24.823 align:center line:74% position:50% size:80% THAT WAS ABOUT $233 MILLION WAS 02:19:24.823 --> 02:19:26.758 align:center line:74% position:40% size:75% WHAT WE ADOPTED LAST NOVEMBER 02:19:26.758 --> 02:19:32.063 align:center line:74% position:25% size:60% AS OUR ESTIMATE FOR THE 02:19:32.063 --> 02:19:33.231 align:center line:74% position:20% size:50% JUMPSTART REVENUES. 02:19:33.231 --> 02:19:33.631 align:center line:74% position:17% size:43% IS THAT CORRECT? 02:19:33.631 --> 02:19:34.566 align:center line:74% position:15% size:33% 233 MILLION. 02:19:34.566 --> 02:19:40.538 align:center line:74% position:24% size:58% >> I HAD $234 MILLION. 02:19:40.538 --> 02:19:43.208 align:center line:74% position:50% size:80% >> I WAS TRYING TO GROUND MYSELF 02:19:43.208 --> 02:19:44.909 align:center line:74% position:50% size:80% IN THE EXPECTATIONS OF HOW MUCH 02:19:44.909 --> 02:19:45.510 align:center line:74% position:21% size:53% WE WOULD BE GETTING. 02:19:45.510 --> 02:19:47.445 align:center line:74% position:50% size:80% IT SOUNDS LIKE WE ARE EXCEEDING 02:19:47.445 --> 02:19:49.013 align:center line:74% position:24% size:58% THAT. EXCEEDING IT FOR 02:19:49.013 --> 02:19:53.485 align:center line:74% position:19% size:48% DIFFERENT REASONS. 02:19:53.485 --> 02:19:54.853 align:center line:74% position:50% size:80% THERE'S GOOD NEWS ON THAT FRONT 02:19:54.853 --> 02:20:03.361 align:center line:74% position:13% size:25% AT LEAST. 02:20:03.361 --> 02:20:07.198 align:center line:74% position:27% size:63% >> 2021 OUTPERFORMED OUR 02:20:07.198 --> 02:20:09.768 align:center line:74% position:13% size:25% FORECAST. 02:20:09.768 --> 02:20:14.539 align:center line:74% position:50% size:80% CERTAINLY IT WAS GOOD NEWS. THE 02:20:14.539 --> 02:20:16.174 align:center line:74% position:44% size:78% EXTRA EFFORT IS TO EXPLAIN WHY 02:20:16.174 --> 02:20:20.211 align:center line:74% position:31% size:68% WE ARE CONVINCED THAT WILL 02:20:20.211 --> 02:20:25.016 align:center line:74% position:44% size:78% CONTINUE INTO THE FUTURE. EVEN 02:20:25.016 --> 02:20:25.817 align:center line:74% position:31% size:68% THIS YEAR'S REVENUES WON'T 02:20:25.817 --> 02:20:26.451 align:center line:74% position:19% size:48% MATCH LAST YEAR'S. 02:20:26.451 --> 02:20:28.720 align:center line:74% position:44% size:78% THE KEY DATA POINT FOR THAT IS 02:20:28.720 --> 02:20:30.188 align:center line:74% position:40% size:75% THAT HALFWAY THROUGH THE YEAR 02:20:30.188 --> 02:20:33.658 align:center line:74% position:40% size:75% WE ARE SEEING THAT IT IS ON A 02:20:33.658 --> 02:20:34.726 align:center line:74% position:50% size:80% PACE TO MATCH THE PAYMENTS FROM 02:20:34.726 --> 02:20:36.127 align:center line:74% position:44% size:78% LAST YEAR AND WE ARE TRYING TO 02:20:36.127 --> 02:20:37.362 align:center line:74% position:50% size:80% UNDERSTAND WHY THAT IS THE CASE 02:20:37.362 --> 02:20:39.431 align:center line:74% position:31% size:68% WHAT WE SEE IS STOCK VALUE 02:20:39.431 --> 02:20:43.201 align:center line:74% position:13% size:20% CHANGE. 02:20:43.201 --> 02:20:44.803 align:center line:74% position:40% size:75% W ALSO SEE A SHIFT TO A MODEL 02:20:44.803 --> 02:20:45.804 align:center line:74% position:50% size:80% WHERE PEOPLE ARE ONLY REPORTING 02:20:45.804 --> 02:20:47.071 align:center line:74% position:36% size:73% THE AVERAGE WORK IN THE CITY 02:20:47.071 --> 02:20:49.207 align:center line:74% position:29% size:65% AND NOT ASSUMING THE REAL 02:20:49.207 --> 02:20:52.010 align:center line:74% position:44% size:78% EMPLOYMENT IS HAPPENING IN THE 02:20:52.010 --> 02:20:52.210 align:center line:74% position:12% size:15% CITY. 02:20:52.210 --> 02:20:53.812 align:center line:74% position:36% size:73% >> YOUR ESTIMATE FOR 2023 IS 02:20:53.812 --> 02:20:55.213 align:center line:74% position:29% size:65% HIGHER THAN $223 MILLION. 02:20:55.213 --> 02:21:00.385 align:center line:74% position:13% size:23% ADOPTED. 02:21:00.385 --> 02:21:05.523 align:center line:74% position:33% size:70% >> WE WERE OFF ON THE BASE. 02:21:05.523 --> 02:21:07.358 align:center line:74% position:44% size:78% WE ARE EXPECTED TO GROW TO 230 02:21:07.358 --> 02:21:15.633 align:center line:74% position:19% size:48% MILLION THIS YEAR. 02:21:15.633 --> 02:21:16.901 align:center line:74% position:36% size:73% WE WERE EXPECTING IT TO FALL 02:21:16.901 --> 02:21:18.469 align:center line:74% position:33% size:70% SLIGHTLY THIS YEAR AND THEN 02:21:18.469 --> 02:21:19.737 align:center line:74% position:29% size:65% MODESTLY GROW AFTER THAT. 02:21:19.737 --> 02:21:21.005 align:center line:74% position:50% size:80% WE ALSO KNOW THAT WE DON'T HAVE 02:21:21.005 --> 02:21:23.208 align:center line:74% position:40% size:75% A GOOD HANDLE ON THIS REVENUE 02:21:23.208 --> 02:21:24.042 align:center line:74% position:13% size:20% STREAM. 02:21:24.042 --> 02:21:25.510 align:center line:74% position:40% size:75% FOR INSTANCE, THE STOCK VALUE 02:21:25.510 --> 02:21:30.415 align:center line:74% position:27% size:63% IS DRIVING COMPENSATION. 02:21:30.415 --> 02:21:31.649 align:center line:74% position:50% size:80% REALLY GOOD AT PREDICTING STOCK 02:21:31.649 --> 02:21:31.883 align:center line:74% position:13% size:20% VALUES. 02:21:31.883 --> 02:21:32.717 align:center line:74% position:33% size:70% THEY MIGHT HAVE A DIFFERENT 02:21:32.717 --> 02:21:33.017 align:center line:74% position:11% size:13% JOB. 02:21:33.017 --> 02:21:34.486 align:center line:74% position:44% size:78% THAT'S GOING TO BE A CHALLENGE 02:21:34.486 --> 02:21:35.587 align:center line:74% position:16% size:38% GOING FORWARD. 02:21:35.587 --> 02:21:36.788 align:center line:74% position:31% size:68% AGAIN, WITH EVERY YEAR AND 02:21:36.788 --> 02:21:38.022 align:center line:74% position:44% size:78% EVERY QUARTER WE GAIN A BETTER 02:21:38.022 --> 02:21:38.656 align:center line:74% position:29% size:65% UNDERSTANDING OF HOW THIS 02:21:38.656 --> 02:21:38.890 align:center line:74% position:12% size:18% WORKS. 02:21:38.890 --> 02:21:43.461 align:center line:74% position:50% size:80% >> THIS IS A REALLY GOOD SETTING 02:21:43.461 --> 02:21:44.596 align:center line:74% position:33% size:70% . YOUR POINT IS WELL TAKEN. 02:21:44.596 --> 02:21:46.431 align:center line:74% position:50% size:80% I THINK IT WILL BE A GOOD SEGUE 02:21:46.431 --> 02:21:47.098 align:center line:74% position:44% size:78% INTO THE UPCOMING PRESENTATION 02:21:47.098 --> 02:21:48.066 align:center line:74% position:33% size:70% FROM CENTRAL STAFF AS WELL. 02:21:48.066 --> 02:21:51.135 align:center line:74% position:40% size:75% I WANT TO ENCOURAGE FOLKS. IF 02:21:51.135 --> 02:21:51.970 align:center line:74% position:31% size:68% THEY WOULD LIKE ADDITIONAL 02:21:51.970 --> 02:21:53.004 align:center line:74% position:33% size:70% DETAILS WE DID WALK THROUGH 02:21:53.004 --> 02:22:03.514 align:center line:74% position:36% size:73% THIS IN ABOUT 2 1/2 HOURS IN 02:22:03.848 --> 02:22:04.582 align:center line:74% position:36% size:73% OUR REVENUE FORECAST COUNCIL 02:22:04.582 --> 02:22:05.183 align:center line:74% position:21% size:53% MEETING LAST MONDAY. 02:22:05.183 --> 02:22:06.417 align:center line:74% position:33% size:70% SO THAT INFORMATION IS ALSO 02:22:06.417 --> 02:22:07.285 align:center line:74% position:50% size:80% ARCHIVED ON THE SEATTLE CHANNEL 02:22:07.285 --> 02:22:08.286 align:center line:74% position:31% size:68% FROM THE EIGHTH OF AUGUST. 02:22:08.286 --> 02:22:09.521 align:center line:74% position:31% size:68% THANK YOU VERY MUCH TO THE 02:22:09.521 --> 02:22:11.155 align:center line:74% position:44% size:78% OFFICE OF ECONOMIC REVENUE AND 02:22:11.155 --> 02:22:12.190 align:center line:74% position:33% size:70% FORECAST. THIS IS A HELPFUL 02:22:12.190 --> 02:22:13.825 align:center line:74% position:50% size:80% GROUND SETTING AS WE MOVE ON TO 02:22:13.825 --> 02:22:14.826 align:center line:74% position:22% size:55% THE NEXT AGENDA ITEM. 02:22:14.826 --> 02:22:18.129 align:center line:74% position:40% size:75% MADAM CLERK, PLEASE READ ITEM 02:22:18.129 --> 02:22:19.163 align:center line:74% position:33% size:70% NUMBER FIVE AND THE RECORD. 02:22:19.163 --> 02:22:26.971 align:center line:74% position:33% size:70% >> AGENDA ITEM NUMBER FIVE. 02:22:26.971 --> 02:22:27.605 align:center line:74% position:33% size:70% GENERAL FUND FINANCIAL PLAN 02:22:27.605 --> 02:22:28.406 align:center line:74% position:25% size:60% UPDATE FOR BRIEFING AND 02:22:28.406 --> 02:22:28.806 align:center line:74% position:14% size:30% DISCUSSION. 02:22:28.806 --> 02:22:39.317 align:center line:74% position:36% size:73% >> THANK YOU SO MUCH, MADAM 02:22:45.523 --> 02:22:47.458 align:center line:74% position:40% size:75% >> OFFICE OF ECONOMIC REVENUE 02:22:47.458 --> 02:22:49.193 align:center line:74% position:14% size:28% FORECAST. 02:22:49.327 --> 02:22:51.162 align:center line:74% position:40% size:75% PAINTED A PRETTY GOOD PICTURE 02:22:51.162 --> 02:22:51.829 align:center line:74% position:50% size:80% FROM APRIL AND AUGUST FORECAST. 02:22:51.829 --> 02:22:53.398 align:center line:74% position:50% size:80% THE CHANGES IN THE FORECAST ARE 02:22:53.398 --> 02:22:55.199 align:center line:74% position:33% size:70% GOING TO HAVE A SIGNIFICANT 02:22:55.199 --> 02:22:56.501 align:center line:74% position:50% size:80% IMPACT ON THE AVAILABLE REVENUE 02:22:56.501 --> 02:22:56.968 align:center line:74% position:15% size:33% TO THE CITY. 02:22:56.968 --> 02:23:00.338 align:center line:74% position:50% size:80% AS THE MAYOR CONSIDERS DRAFTING 02:23:00.338 --> 02:23:01.306 align:center line:74% position:33% size:70% HIS BUDGET AND TRANSMITTING 02:23:01.306 --> 02:23:03.541 align:center line:74% position:36% size:73% THAT TO COUNCIL, WE ARE VERY 02:23:03.541 --> 02:23:04.375 align:center line:74% position:44% size:78% INTERESTED IN WORKING TOGETHER 02:23:04.375 --> 02:23:06.411 align:center line:74% position:33% size:70% TO MAKE SURE THAT WE HAVE A 02:23:06.411 --> 02:23:08.179 align:center line:74% position:50% size:80% SOLID FINANCIAL PLAN TO ADDRESS 02:23:08.179 --> 02:23:08.980 align:center line:74% position:50% size:80% THE GROWING NEEDS IN THIS CITY. 02:23:08.980 --> 02:23:12.083 align:center line:74% position:40% size:75% AND ALSO TO MAKE SURE THAT WE 02:23:12.083 --> 02:23:14.352 align:center line:74% position:33% size:70% HAVE THE REVENUE TO FULFILL 02:23:14.352 --> 02:23:14.686 align:center line:74% position:15% size:33% THOSE NEEDS. 02:23:14.686 --> 02:23:16.621 align:center line:74% position:44% size:78% COLLEAGUES, WE'RE ABOUT TO SEE 02:23:16.621 --> 02:23:18.723 align:center line:74% position:40% size:75% AN OVERALL PICTURE OF HOW OUR 02:23:18.723 --> 02:23:20.325 align:center line:74% position:44% size:78% BUDGET, OVER THE COURSE OF THE 02:23:20.325 --> 02:23:22.026 align:center line:74% position:40% size:75% NEXT SEVERAL YEARS, WILL WORK 02:23:22.026 --> 02:23:23.528 align:center line:74% position:40% size:75% WITH THE ASSUMPTIONS FROM THE 02:23:23.528 --> 02:23:24.595 align:center line:74% position:36% size:73% REVENUE FORECAST INFORMATION 02:23:24.595 --> 02:23:25.363 align:center line:74% position:40% size:75% THAT WAS PRESENTED LAST WEEK. 02:23:25.363 --> 02:23:28.132 align:center line:74% position:33% size:70% AGAIN, I WANT TO THANK, NOT 02:23:28.132 --> 02:23:30.001 align:center line:74% position:50% size:80% ONLY OFFICE OF REVENUE FORECAST 02:23:30.001 --> 02:23:31.302 align:center line:74% position:31% size:68% BUT ALSO THE CITY BUDGET'S 02:23:31.302 --> 02:23:33.504 align:center line:74% position:31% size:68% OFFICE AND OUR OWN CENTRAL 02:23:33.504 --> 02:23:34.973 align:center line:74% position:44% size:78% STAFF WHO HAVE BEEN DILIGENTLY 02:23:34.973 --> 02:23:35.606 align:center line:74% position:44% size:78% WORKING OVER THE LAST WEEK AND 02:23:35.606 --> 02:23:39.010 align:center line:74% position:44% size:78% A HALF TO LOOK AT THE FORECAST 02:23:39.010 --> 02:23:40.311 align:center line:74% position:31% size:68% INFORMATION, FACTOR IN OUR 02:23:40.311 --> 02:23:42.480 align:center line:74% position:33% size:70% EXPENSES FROM THE CITY, AND 02:23:42.480 --> 02:23:45.450 align:center line:74% position:50% size:80% LOOK TOWARDS HOW WE'RE CREATING 02:23:45.450 --> 02:23:47.719 align:center line:74% position:36% size:73% A MORE STANNABLE, STABLE AND 02:23:47.719 --> 02:23:48.386 align:center line:74% position:20% size:50% TRANSPARENT BUDGET. 02:23:48.386 --> 02:23:50.621 align:center line:74% position:36% size:73% SO TODAY'S CONVERSATION WILL 02:23:50.621 --> 02:23:51.990 align:center line:74% position:31% size:68% HAVE AN OPPORTUNITY TO ASK 02:23:51.990 --> 02:23:53.691 align:center line:74% position:33% size:70% QUESTIONS AT THE END OF THE 02:23:53.691 --> 02:23:55.460 align:center line:74% position:50% size:80% PRESENTATION, AND I AM GOING TO 02:23:55.460 --> 02:23:58.096 align:center line:74% position:50% size:80% ALSO SAVE MY COMMENTS ABOUT HOW 02:23:58.096 --> 02:24:00.898 align:center line:74% position:25% size:60% I AM LOOKING AT VARIOUS 02:24:00.898 --> 02:24:01.566 align:center line:74% position:33% size:70% SOLUTIONS TO ADDRESSING THE 02:24:01.566 --> 02:24:02.967 align:center line:74% position:40% size:75% BUDGET DEFICIT, THAT IS GOING 02:24:02.967 --> 02:24:05.503 align:center line:74% position:31% size:68% TO BE OUTLINED HERE IN THE 02:24:05.503 --> 02:24:06.437 align:center line:74% position:40% size:75% CENTRAL STAFF'S PRESENTATION, 02:24:06.437 --> 02:24:07.005 align:center line:74% position:29% size:65% AFTER THEY CONCLUDE THEIR 02:24:07.005 --> 02:24:07.271 align:center line:74% position:13% size:25% COMMENTS. 02:24:07.271 --> 02:24:09.507 align:center line:74% position:50% size:80% WE KNOW THAT THE LOOMING BUDGET 02:24:09.507 --> 02:24:11.743 align:center line:74% position:50% size:80% DISCUSSION THAT WE WILL HAVE IN 02:24:11.743 --> 02:24:13.344 align:center line:74% position:44% size:78% JUST OVER A MONTH FROM NOW, IS 02:24:13.344 --> 02:24:15.913 align:center line:74% position:36% size:73% THE BIGGEST ISSUE MANY OF US 02:24:15.913 --> 02:24:17.048 align:center line:74% position:33% size:70% ARE WORKING ON COLLECTIVELY 02:24:17.048 --> 02:24:19.450 align:center line:74% position:50% size:80% ADDRESSING TO MAKE SURE THAT WE 02:24:19.450 --> 02:24:21.719 align:center line:74% position:31% size:68% CLOSE THIS GAP AND PROVIDE 02:24:21.719 --> 02:24:23.054 align:center line:74% position:27% size:63% CRITICAL SERVICES TO OUR 02:24:23.054 --> 02:24:24.022 align:center line:74% position:31% size:68% COMMUNITY RESIDENTS, SMALL 02:24:24.022 --> 02:24:24.656 align:center line:74% position:33% size:70% BUSINESS WORKERS AND TO INN 02:24:24.656 --> 02:24:26.157 align:center line:74% position:36% size:73% SURE THAT WE'RE INVESTING IN 02:24:26.157 --> 02:24:27.458 align:center line:74% position:50% size:80% THE GROWTH OF OUR LOCAL ECONOMY 02:24:27.458 --> 02:24:28.026 align:center line:74% position:13% size:25% AS WELL. 02:24:28.026 --> 02:24:29.327 align:center line:74% position:44% size:78% BECAUSE THE LEGISLATIVE BRANCH 02:24:29.327 --> 02:24:31.095 align:center line:74% position:36% size:73% HOLDS THE PURSE, WE HAVE THE 02:24:31.095 --> 02:24:32.263 align:center line:74% position:29% size:65% FINAL SAY ON THE PROPOSED 02:24:32.263 --> 02:24:34.265 align:center line:74% position:50% size:80% BUDGET FOR THE UPCOMING YEARS. 02:24:34.265 --> 02:24:36.701 align:center line:74% position:50% size:80% WE WILL ALSO BE VERY INTERESTED 02:24:36.701 --> 02:24:37.735 align:center line:74% position:50% size:80% IN NOT ONLY THE PRESENTATION IN 02:24:37.735 --> 02:24:38.302 align:center line:74% position:19% size:48% FRONT OF US TODAY. 02:24:38.302 --> 02:24:41.773 align:center line:74% position:50% size:80% BUT I WANT TO MAKE SURE THAT WE 02:24:41.773 --> 02:24:43.441 align:center line:74% position:50% size:80% ARE SETTING AN IMPORTANT COURSE 02:24:43.441 --> 02:24:46.144 align:center line:74% position:40% size:75% FOR HOW WE CONTINUE TO TRY TO 02:24:46.144 --> 02:24:47.879 align:center line:74% position:29% size:65% ADDRESS THIS, IN THE MOST 02:24:47.879 --> 02:24:48.513 align:center line:74% position:33% size:70% HUMANE AND HUMANITARIAN WAY 02:24:48.513 --> 02:24:53.384 align:center line:74% position:36% size:73% POSSIBLE TO MAKE SURE WE NOT 02:24:53.384 --> 02:24:54.652 align:center line:74% position:50% size:80% ONLY PREVENT AGAINST AUSTERITY, 02:24:54.652 --> 02:24:56.521 align:center line:74% position:50% size:80% BUT MAKE KEYINVESTMENT INTO OUR 02:24:56.521 --> 02:24:57.221 align:center line:74% position:31% size:68% ECONOMY, WORKERS AND SMALL 02:24:57.221 --> 02:24:58.556 align:center line:74% position:14% size:30% BUSINESSES. 02:24:58.556 --> 02:25:00.792 align:center line:74% position:50% size:80% WITH THAT, IF I TURN IT OVER TO 02:25:00.792 --> 02:25:01.859 align:center line:74% position:27% size:63% CENTRAL STAFF TO WALK US 02:25:01.859 --> 02:25:02.427 align:center line:74% position:33% size:70% THROUGH THE FINANCIAL PLAN. 02:25:02.427 --> 02:25:05.329 align:center line:74% position:44% size:78% THIS IS A GENERAL FUND REVENUE 02:25:05.329 --> 02:25:06.898 align:center line:74% position:50% size:80% UPDATE, AND THE FINANCIAL PLAN, 02:25:06.898 --> 02:25:11.436 align:center line:74% position:50% size:80% AS PRESENTED BY OUR CITY BUDGET 02:25:11.436 --> 02:25:14.405 align:center line:74% position:19% size:48% OFFICE AND CENTRAL 02:25:14.405 --> 02:25:14.639 align:center line:74% position:12% size:18% STAFF. 02:25:14.639 --> 02:25:16.307 align:center line:74% position:50% size:80% STOW ALY PENUCCI ARE HERE NOW. 02:25:16.307 --> 02:25:19.310 align:center line:74% position:44% size:78% AND WE ALSO HAVE JULIE DINGLEY 02:25:19.310 --> 02:25:21.279 align:center line:74% position:27% size:63% FOR MAYBE INPUT AS WELL. 02:25:21.279 --> 02:25:23.448 align:center line:74% position:40% size:75% AND ANY QUESTIONS FOLKS HAVE. 02:25:23.448 --> 02:25:26.150 align:center line:74% position:50% size:80% PLEASE GO AHEAD, TOM AND ALLY. 02:25:26.150 --> 02:25:27.485 align:center line:74% position:15% size:35% >> THANK YOU. 02:25:27.485 --> 02:25:33.758 align:center line:74% position:40% size:75% I'M JUST GOING TO GO SHARE MY 02:25:33.758 --> 02:25:34.358 align:center line:74% position:13% size:20% SCREEN. 02:25:34.358 --> 02:25:35.460 align:center line:74% position:50% size:80% FOR YOU SEEING MY PRESENTATION. 02:25:35.460 --> 02:25:36.761 align:center line:74% position:14% size:28% >> WE ARE. 02:25:36.761 --> 02:25:39.030 align:center line:74% position:13% size:25% >> GREAT. 02:25:39.030 --> 02:25:39.697 align:center line:74% position:15% size:35% GOOD MORNING. 02:25:39.697 --> 02:25:45.203 align:center line:74% position:31% size:68% I'M AWEATHER Y PENUCCI AND 02:25:45.203 --> 02:25:45.736 align:center line:74% position:27% size:63% JOINED BY MY COLLEAGUES. 02:25:45.736 --> 02:25:51.008 align:center line:74% position:40% size:75% I'M GOING TO JUMP IN AND MAKE 02:25:51.008 --> 02:25:52.944 align:center line:74% position:22% size:55% SURE WE HAVE TIME FOR 02:25:52.944 --> 02:25:54.078 align:center line:74% position:33% size:70% DISCUSSION SO I'LL LET THEM 02:25:54.078 --> 02:25:55.213 align:center line:74% position:50% size:80% INTRODUCE THEMSELVES WHEN WE GO 02:25:55.213 --> 02:25:55.947 align:center line:74% position:21% size:53% INTO THE DISCUSSION. 02:25:55.947 --> 02:25:57.048 align:center line:74% position:33% size:70% I WILL BRIEFLY WALK THROUGH 02:25:57.048 --> 02:25:57.849 align:center line:74% position:29% size:65% WHAT WE'RE GOING TO COVER 02:25:57.849 --> 02:25:58.483 align:center line:74% position:12% size:18% TODAY. 02:25:58.483 --> 02:26:07.992 align:center line:74% position:36% size:73% AND THEN TURN IT OVER TO TOM 02:26:07.992 --> 02:26:10.628 align:center line:74% position:40% size:75% MIKESELL FOR DETAILS AND THEN 02:26:10.628 --> 02:26:11.295 align:center line:74% position:40% size:75% FOR THE CONSIDERATION OF SOME 02:26:11.295 --> 02:26:11.729 align:center line:74% position:20% size:50% POTENTIAL STRATEGY. 02:26:11.729 --> 02:26:12.029 align:center line:74% position:13% size:25% >> GREAT. 02:26:12.029 --> 02:26:13.464 align:center line:74% position:27% size:63% AND THANK YOU VERY MUCH. 02:26:13.464 --> 02:26:15.700 align:center line:74% position:18% size:45% JUST AS A HINDER. 02:26:15.700 --> 02:26:17.101 align:center line:74% position:25% size:60% I MENTIONED THIS AT THE 02:26:17.101 --> 02:26:17.368 align:center line:74% position:13% size:23% MEETING. 02:26:17.368 --> 02:26:19.537 align:center line:74% position:33% size:70% FOR THIS ITEM, YOU CAN FIND 02:26:19.537 --> 02:26:20.905 align:center line:74% position:21% size:53% BOTH THE POWER POINT 02:26:20.905 --> 02:26:21.639 align:center line:74% position:36% size:73% PRESENTATION AND THE CENTRAL 02:26:21.639 --> 02:26:28.813 align:center line:74% position:33% size:70% STAFF MEMO, BY GOING TO THE 02:26:28.813 --> 02:26:32.884 align:center line:74% position:29% size:65% FINANCE AND HOUSING COMES 02:26:32.884 --> 02:26:33.217 align:center line:74% position:15% size:33% AGENDA LINK. 02:26:33.217 --> 02:26:36.154 align:center line:74% position:40% size:75% CLICK ON MEETING DETAILS, AND 02:26:36.154 --> 02:26:38.756 align:center line:74% position:40% size:75% YOU CAN FIND LINKS UNDER ITEM 02:26:38.756 --> 02:26:40.124 align:center line:74% position:50% size:80% NUMBER 5'S SUPPORTING DOCUMENTS 02:26:40.124 --> 02:26:41.959 align:center line:74% position:40% size:75% WHEN YOU CLICK ON THAT AGENDA 02:26:41.959 --> 02:26:42.193 align:center line:74% position:12% size:18% ITEMS. 02:26:42.193 --> 02:26:44.428 align:center line:74% position:50% size:80% IF ANY MEMBERS OF THE COMMUNITY 02:26:44.428 --> 02:26:48.166 align:center line:74% position:50% size:80% ARE INTERESTED IN THAT, WE WILL 02:26:48.166 --> 02:26:50.301 align:center line:74% position:50% size:80% TRY TO SEND YOU THE DIRECT LINK 02:26:50.301 --> 02:26:51.435 align:center line:74% position:44% size:78% BUT YOU CAN ALSO GO TO MEETING 02:26:51.435 --> 02:26:54.438 align:center line:74% position:13% size:25% DETAILS. 02:26:54.572 --> 02:26:58.309 align:center line:74% position:33% size:70% CLICK ITEM 5. STOZ WE WILL 02:26:58.309 --> 02:26:59.544 align:center line:74% position:36% size:73% PRESENT AN UPDATED FINANCIAL 02:26:59.544 --> 02:27:03.181 align:center line:74% position:22% size:55% PLAN FOR GENERAL FUND 02:27:03.181 --> 02:27:03.915 align:center line:74% position:31% size:68% TRANSMITTAL OF THE MAYOR'S 02:27:03.915 --> 02:27:07.185 align:center line:74% position:50% size:80% PROPOSED 23 BUDGET THAT WILL BE 02:27:07.185 --> 02:27:09.887 align:center line:74% position:25% size:60% SUBJECT TO THE COUNCIL. 02:27:09.887 --> 02:27:11.422 align:center line:74% position:27% size:63% THIS UPDATE REFLECTS THE 02:27:11.422 --> 02:27:12.023 align:center line:74% position:24% size:58% GENERAL FUND WHICH WAS 02:27:12.023 --> 02:27:15.726 align:center line:74% position:36% size:73% PRESENTED BY THE CITY BUDGET 02:27:15.726 --> 02:27:15.960 align:center line:74% position:13% size:20% OFFICE. 02:27:15.960 --> 02:27:17.662 align:center line:74% position:25% size:60% AND UPDATED EXPENDITURE 02:27:17.662 --> 02:27:19.197 align:center line:74% position:44% size:78% INFORMATION THAT INCLUDES WHAT 02:27:19.197 --> 02:27:21.065 align:center line:74% position:50% size:80% IS ESTIMATED TO BE GENERAL FUND 02:27:21.065 --> 02:27:21.666 align:center line:74% position:31% size:68% EXPENDITURES, BASED ON THE 02:27:21.666 --> 02:27:24.869 align:center line:74% position:27% size:63% FUTURE ESTIMATED COST OF 02:27:24.869 --> 02:27:25.536 align:center line:74% position:50% size:80% CONTINUING THE ONGOING PROGRAMS 02:27:25.536 --> 02:27:27.872 align:center line:74% position:36% size:73% THAT WERE FUNDED IN THE 2022 02:27:27.872 --> 02:27:33.177 align:center line:74% position:31% size:68% ADOPTED BUDGET, AS WELL AS 02:27:33.177 --> 02:27:34.645 align:center line:74% position:50% size:80% CHANGES TO THE PLANNING RESERVE 02:27:34.645 --> 02:27:36.814 align:center line:74% position:36% size:73% ASSUMPTIONS, PROVIDED BY THE 02:27:36.814 --> 02:27:37.248 align:center line:74% position:20% size:50% CITY BUDGET OFFICE. 02:27:37.248 --> 02:27:39.317 align:center line:74% position:21% size:53% AND ANY SUPPLEMENTAL 02:27:39.317 --> 02:27:39.984 align:center line:74% position:44% size:78% ADJUSTMENTS MADE SINCE THE MAY 02:27:39.984 --> 02:27:40.384 align:center line:74% position:17% size:40% 4th DISCUSSION. 02:27:40.384 --> 02:27:43.087 align:center line:74% position:44% size:78% AS THE CHAIR DESCRIBED AND YOU 02:27:43.087 --> 02:27:44.956 align:center line:74% position:36% size:73% HEARD IN THE PREVIOUS AGENDA 02:27:44.956 --> 02:27:46.624 align:center line:74% position:31% size:68% ITEMS AND WE'LL SEE IN THE 02:27:46.624 --> 02:27:47.425 align:center line:74% position:17% size:43% SUBSCENT SLIDES. 02:27:47.425 --> 02:27:50.795 align:center line:74% position:44% size:78% BOTH THE MAYOR AND COUNCIL ARE 02:27:50.795 --> 02:27:51.996 align:center line:74% position:33% size:70% PREPARING FOR UNCERTAINTIES 02:27:51.996 --> 02:27:52.396 align:center line:74% position:18% size:45% ABOUT THE FUTURE. 02:27:52.396 --> 02:27:54.966 align:center line:74% position:36% size:73% AS NOTED, THE PLAN PRESENTED 02:27:54.966 --> 02:27:56.234 align:center line:74% position:40% size:75% TODAY, SERVES AS THE STARTING 02:27:56.234 --> 02:27:56.701 align:center line:74% position:21% size:53% POINT FOR THE MAYOR. 02:27:56.701 --> 02:28:00.204 align:center line:74% position:44% size:78% AND WE LOOK FORWARD TO WORKING 02:28:00.204 --> 02:28:03.374 align:center line:74% position:50% size:80% WITH CENTRAL STAFF TO DETERMINE 02:28:03.374 --> 02:28:03.975 align:center line:74% position:36% size:73% IF IT IS CONSISTENT WITH THE 02:28:03.975 --> 02:28:04.909 align:center line:74% position:15% size:35% LEGISLATION. 02:28:04.909 --> 02:28:07.211 align:center line:74% position:40% size:75% AND IF NOT, WORK WITH YOU ALL 02:28:07.211 --> 02:28:09.580 align:center line:74% position:44% size:78% TO DEVELOP A FINAL CITY BUDGET 02:28:09.580 --> 02:28:10.481 align:center line:74% position:33% size:70% FOR 2023 THAT REFLECTS YOUR 02:28:10.481 --> 02:28:10.781 align:center line:74% position:14% size:30% PRIORITIES. 02:28:10.781 --> 02:28:13.184 align:center line:74% position:50% size:80% WITH THAT, I'LL TURN IT OVER TO 02:28:13.184 --> 02:28:23.461 align:center line:74% position:50% size:80% TOM TO WALK THROUGH THIS IN MORE 02:28:23.461 --> 02:28:26.931 align:center line:74% position:44% size:78% >> THANK YOU, I'M TOM MIKESELL 02:28:26.931 --> 02:28:27.465 align:center line:74% position:27% size:63% WITH YOUR CENTRAL STAFF. 02:28:27.465 --> 02:28:29.900 align:center line:74% position:27% size:63% AND GOOD MORNING TO YOU, 02:28:29.900 --> 02:28:33.404 align:center line:74% position:33% size:70% FINANCE AND HOUSING COMMENT 02:28:33.404 --> 02:28:38.142 align:center line:74% position:18% size:45% MEMBERS AS WELL. 02:28:38.142 --> 02:28:46.550 align:center line:74% position:33% size:70% ALY ALREADY GAVE THIS BROAD 02:28:46.550 --> 02:28:47.451 align:center line:74% position:12% size:18% SCENE. 02:28:47.451 --> 02:28:49.220 align:center line:74% position:36% size:73% SO I'LL DIVE INTO THE UPDATE 02:28:49.220 --> 02:28:49.487 align:center line:74% position:13% size:23% PROJECT. 02:28:49.487 --> 02:28:54.125 align:center line:74% position:31% size:68% THE PLAN WE'LL SHARE TODAY 02:28:54.125 --> 02:28:59.330 align:center line:74% position:40% size:75% INCLUDES EXPEND DUR GROWTH IN 02:28:59.330 --> 02:29:00.631 align:center line:74% position:16% size:38% 2022 AND 2023. 02:29:00.631 --> 02:29:01.966 align:center line:74% position:31% size:68% ON CONTINUING 2022 ADOPTED 02:29:01.966 --> 02:29:02.633 align:center line:74% position:17% size:40% BUDGET SERVICE. 02:29:02.633 --> 02:29:05.369 align:center line:74% position:33% size:70% THE PRESENTATION SHOWS THIS 02:29:05.369 --> 02:29:06.671 align:center line:74% position:36% size:73% INFORMATION DIFFERENTLY THAN 02:29:06.671 --> 02:29:08.639 align:center line:74% position:50% size:80% HOW CVO CASTS IT IN THEIR FINAL 02:29:08.639 --> 02:29:11.509 align:center line:74% position:44% size:78% PLANS THAT THEY INCLUDE IN THE 02:29:11.509 --> 02:29:11.742 align:center line:74% position:13% size:20% BUDGET. 02:29:11.742 --> 02:29:13.711 align:center line:74% position:36% size:73% HOWEVER, THE UNDERLYING DATA 02:29:13.711 --> 02:29:16.380 align:center line:74% position:50% size:80% AND ASSUMPTIONS ARE THE SAME AS 02:29:16.380 --> 02:29:18.482 align:center line:74% position:31% size:68% WHAT CBO WAS USING T. DOES 02:29:18.482 --> 02:29:20.751 align:center line:74% position:33% size:70% INCLUDE BASELINE GROWTH AND 02:29:20.751 --> 02:29:21.952 align:center line:74% position:50% size:80% EXTEND TURS TO CONTINUE IN 2022 02:29:21.952 --> 02:29:22.219 align:center line:74% position:13% size:25% SERVICES. 02:29:22.219 --> 02:29:24.855 align:center line:74% position:36% size:73% BUT IT'S REALLY THE STARTING 02:29:24.855 --> 02:29:27.124 align:center line:74% position:50% size:80% POINT FOR POLICY PROPOSALS THAT 02:29:27.124 --> 02:29:29.193 align:center line:74% position:27% size:63% MAY BE CONSIDERED IN THE 02:29:29.193 --> 02:29:29.760 align:center line:74% position:29% size:65% MAYOR'S PROPOSED BALANCED 02:29:29.760 --> 02:29:32.930 align:center line:74% position:33% size:70% BUDGET COMING IN SEPTEMBER. 02:29:32.930 --> 02:29:33.331 align:center line:74% position:18% size:45% NEXT SLIDE PLEASE. 02:29:33.331 --> 02:29:38.269 align:center line:74% position:44% size:78% SO I GUESS TO REITERATE, THESE 02:29:38.269 --> 02:29:39.837 align:center line:74% position:31% size:68% NUMBERS DO NOT INCLUDE ANY 02:29:39.837 --> 02:29:41.872 align:center line:74% position:44% size:78% POLICIES OR PROGRAMS THAT WERE 02:29:41.872 --> 02:29:43.574 align:center line:74% position:31% size:68% ADOPTED ATS AS ONE TIME IN 02:29:43.574 --> 02:29:43.774 align:center line:74% position:12% size:15% 2022. 02:29:43.774 --> 02:29:46.977 align:center line:74% position:40% size:75% SO THEY WERE ONLY EXPECTED TO 02:29:46.977 --> 02:29:47.611 align:center line:74% position:36% size:73% BEGIN AND END IN THE CURRENT 02:29:47.611 --> 02:29:47.845 align:center line:74% position:12% size:18% YEAR. 02:29:48.045 --> 02:29:53.951 align:center line:74% position:33% size:70% THEY AREN'T INCLUDED IN ANY 02:29:53.951 --> 02:29:54.485 align:center line:74% position:29% size:65% POLICY-RELATED ADDITIONS. 02:29:54.485 --> 02:29:58.889 align:center line:74% position:44% size:78% BUT THEY ALSO DO NOT REPRESENT 02:29:58.889 --> 02:29:59.390 align:center line:74% position:25% size:60% A FOREGONE CONCLUSION. 02:29:59.390 --> 02:30:00.891 align:center line:74% position:40% size:75% COUNCIL HAS JURISDICTION OVER 02:30:00.891 --> 02:30:02.193 align:center line:74% position:33% size:70% ALL ELEMENTS, INCLUDING THE 02:30:02.193 --> 02:30:02.560 align:center line:74% position:16% size:38% CITY BASELINE. 02:30:02.560 --> 02:30:04.528 align:center line:74% position:36% size:73% SO WHILE WE'RE PAST THESE AS 02:30:04.528 --> 02:30:07.298 align:center line:74% position:50% size:80% SORT OF A PROJECTION OF A BASE, 02:30:07.298 --> 02:30:08.899 align:center line:74% position:44% size:78% IT'S JUST AN IMPORTANT TO NOTE 02:30:08.899 --> 02:30:12.937 align:center line:74% position:44% size:78% AS A CAVEAT THAT ALL ELEMENTS, 02:30:12.937 --> 02:30:13.671 align:center line:74% position:40% size:75% INCLUDING THOSE ELEMENTS THAT 02:30:13.671 --> 02:30:14.672 align:center line:74% position:50% size:80% WE'RE DISCUSSING TODAY ARE PART 02:30:14.672 --> 02:30:15.673 align:center line:74% position:36% size:73% OF THE BALANCING PICTURE AND 02:30:15.673 --> 02:30:16.807 align:center line:74% position:50% size:80% PART OF THE BUDGET THAT WILL BE 02:30:16.807 --> 02:30:17.808 align:center line:74% position:25% size:60% PRESENTED IN THE FALL. 02:30:18.009 --> 02:30:21.379 align:center line:74% position:44% size:78% BUT WITH THAT BEING SAID, THIS 02:30:21.379 --> 02:30:25.549 align:center line:74% position:44% size:78% IS THE FINAL UPDATE OF KIND OF 02:30:25.549 --> 02:30:26.417 align:center line:74% position:40% size:75% THE ONGOING 2022 SERVICE COST 02:30:26.417 --> 02:30:28.719 align:center line:74% position:40% size:75% PROJECTION THAT WE AM BE ABLE 02:30:28.719 --> 02:30:31.422 align:center line:74% position:44% size:78% TO -- WE WILL PRESENT PRIOR TO 02:30:31.422 --> 02:30:32.189 align:center line:74% position:44% size:78% RECEIVING THE MAYOR'S PROPOSED 02:30:32.189 --> 02:30:34.392 align:center line:74% position:22% size:55% BUDGET IN SEPTEMBER. 02:30:34.525 --> 02:30:35.459 align:center line:74% position:24% size:58% SO NEXT SLIDE PLEASE. 02:30:35.593 --> 02:30:41.665 align:center line:74% position:44% size:78% SO THESE NEXT COUPLE OF SLIDES 02:30:41.665 --> 02:30:42.166 align:center line:74% position:19% size:48% ARE LIKE GRAPHICAL 02:30:42.166 --> 02:30:42.900 align:center line:74% position:25% size:60% REPRESENTATION THAT WAS 02:30:42.900 --> 02:30:43.334 align:center line:74% position:18% size:45% DISCUSSED IN MAY. 02:30:43.334 --> 02:30:44.835 align:center line:74% position:33% size:70% WHEN WE FIRST LOOKED AT THE 02:30:44.835 --> 02:30:46.971 align:center line:74% position:40% size:75% GENERAL FUND FINANCIAL PLAN. 02:30:47.104 --> 02:30:48.739 align:center line:74% position:44% size:78% SO NOW WE'RE INCLUDING GRAPHS. 02:30:48.739 --> 02:30:50.408 align:center line:74% position:36% size:73% KIND OF CATCHING UP WITH THE 02:30:50.408 --> 02:30:50.775 align:center line:74% position:16% size:38% 20th CENTURY. 02:30:50.908 --> 02:30:58.516 align:center line:74% position:36% size:73% SO THIS SHOWS IN THESE BASIC 02:30:58.516 --> 02:30:59.817 align:center line:74% position:29% size:65% LINES SHOWING IN RED, THE 02:30:59.817 --> 02:31:01.352 align:center line:74% position:40% size:75% EXPENDITURE PROJECTION AND IN 02:31:01.352 --> 02:31:02.319 align:center line:74% position:40% size:75% GREEN, THE REVENUE PROJECTION 02:31:02.319 --> 02:31:02.887 align:center line:74% position:31% size:68% THAT WE LOOKED AT IN MAY. 02:31:03.087 --> 02:31:08.192 align:center line:74% position:50% size:80% THE KEY PIECE OF DETAIL HERE IS 02:31:08.192 --> 02:31:08.659 align:center line:74% position:19% size:48% THE OPERATING GAP. 02:31:08.659 --> 02:31:10.494 align:center line:74% position:27% size:63% SO THAT'S THE DIFFERENCE 02:31:10.494 --> 02:31:11.462 align:center line:74% position:25% size:60% BETWEEN THE EXPENDITURE 02:31:11.462 --> 02:31:12.263 align:center line:74% position:33% size:70% PROJECTION AND THE REVENUES 02:31:12.263 --> 02:31:14.098 align:center line:74% position:27% size:63% THAT ARE PROJECTED TO BE 02:31:14.098 --> 02:31:14.932 align:center line:74% position:44% size:78% AVAILABLE TO SUPPORT THEM NEXT 02:31:14.932 --> 02:31:15.933 align:center line:74% position:50% size:80% YEAR AND IN FUTURE YEARS IN THE 02:31:15.933 --> 02:31:16.200 align:center line:74% position:12% size:18% PLAN. 02:31:16.400 --> 02:31:21.839 align:center line:74% position:31% size:68% SO BACK IN MAY, ONE OF THE 02:31:21.839 --> 02:31:24.008 align:center line:74% position:27% size:63% HEADLINE NUMBERS OF THIS 02:31:24.008 --> 02:31:27.244 align:center line:74% position:44% size:78% OPERATING GAP WAS $117 MILLION 02:31:27.244 --> 02:31:30.815 align:center line:74% position:27% size:63% DIFFERENCE IN OF BETWEEN 02:31:30.815 --> 02:31:34.318 align:center line:74% position:36% size:73% REVENUES AND EXPENDITURES IN 02:31:34.318 --> 02:31:34.919 align:center line:74% position:12% size:15% 2023. 02:31:34.919 --> 02:31:35.719 align:center line:74% position:21% size:53% SOALSO BASED ON THAT 02:31:35.719 --> 02:31:36.053 align:center line:74% position:15% size:33% INFORMATION. 02:31:36.053 --> 02:31:37.254 align:center line:74% position:50% size:80% THE GAP WAS PROJECTED TO NARROW 02:31:37.254 --> 02:31:37.688 align:center line:74% position:16% size:38% IN THE FUTURE. 02:31:37.688 --> 02:31:40.324 align:center line:74% position:50% size:80% AS YOU CAN SEE BY THESE KIND OF 02:31:40.324 --> 02:31:42.827 align:center line:74% position:29% size:65% CONVERGING LINES BY 2026. 02:31:42.827 --> 02:31:45.196 align:center line:74% position:44% size:78% WHERE THE $117 MILLION SHRINKS 02:31:45.196 --> 02:31:45.629 align:center line:74% position:19% size:48% TO A LOWER NUMBER. 02:31:45.629 --> 02:31:48.165 align:center line:74% position:33% size:70% UNFORTUNATELY, UPDATES THAT 02:31:48.165 --> 02:31:49.333 align:center line:74% position:36% size:73% WE'LL TALK ABOUT IN UPCOMING 02:31:49.333 --> 02:31:50.868 align:center line:74% position:36% size:73% SLIDES, WE'LL SHOW THAT THAT 02:31:50.868 --> 02:31:51.168 align:center line:74% position:14% size:30% GAP WIDENS. 02:31:51.168 --> 02:31:54.905 align:center line:74% position:40% size:75% BUT THAT'S WHAT WE'RE LOOKING 02:31:54.905 --> 02:31:55.973 align:center line:74% position:33% size:70% AT WITH THOSE MAIN NUMBERS. 02:31:55.973 --> 02:31:57.475 align:center line:74% position:14% size:30% NEXT SLIDE. 02:31:57.475 --> 02:31:59.410 align:center line:74% position:31% size:68% SO THE GENERAL FUND ENDING 02:31:59.410 --> 02:32:01.979 align:center line:74% position:50% size:80% UNRESERVED FUND BALANCE IS KIND 02:32:01.979 --> 02:32:04.181 align:center line:74% position:44% size:78% OF THE NEXT CRITICAL METRIC IN 02:32:04.181 --> 02:32:04.748 align:center line:74% position:33% size:70% CONSIDERING ADOPTED BUDGET. 02:32:04.748 --> 02:32:05.683 align:center line:74% position:31% size:68% ESSENTIALLY, THIS SATURDAY 02:32:05.683 --> 02:32:06.851 align:center line:74% position:44% size:78% NUMBER THAT DETERMINES WHETHER 02:32:06.851 --> 02:32:10.988 align:center line:74% position:40% size:75% A BUDGET IS BALANCED OR NOT. 02:32:10.988 --> 02:32:13.357 align:center line:74% position:27% size:63% SO THE ENDING UNRESERVED 02:32:13.357 --> 02:32:13.991 align:center line:74% position:33% size:70% BALANCE FOR LEGALLY ADOPTED 02:32:13.991 --> 02:32:17.862 align:center line:74% position:29% size:65% BALANCE HAS TO BE ZERO OR 02:32:17.862 --> 02:32:18.162 align:center line:74% position:13% size:20% HIGHER. 02:32:18.162 --> 02:32:24.735 align:center line:74% position:44% size:78% SO BACK IN MAY, THE PRODUCTION 02:32:24.735 --> 02:32:25.970 align:center line:74% position:27% size:63% FOR 2023 WAS $30 MILLION 02:32:25.970 --> 02:32:26.704 align:center line:74% position:25% size:60% NEGATIVE ENDING RESERVE 02:32:26.704 --> 02:32:26.971 align:center line:74% position:13% size:23% BALANCE. 02:32:26.971 --> 02:32:31.175 align:center line:74% position:36% size:73% AND THAT NUMBER GREW TO $249 02:32:31.175 --> 02:32:31.709 align:center line:74% position:29% size:65% MILLION NEGATIVE BY 2026. 02:32:31.709 --> 02:32:35.246 align:center line:74% position:40% size:75% AND THIS IS ENTIRELY LOSES OF 02:32:35.246 --> 02:32:37.948 align:center line:74% position:36% size:73% THE, WHAT WAS HAPPENING WITH 02:32:37.948 --> 02:32:38.449 align:center line:74% position:24% size:58% PROJECTED REVENUES AND 02:32:38.449 --> 02:32:40.751 align:center line:74% position:40% size:75% EXPENDITURES, AS SHOWN IN THE 02:32:40.751 --> 02:32:41.152 align:center line:74% position:15% size:35% PRIOR SLIDES. 02:32:41.152 --> 02:32:44.655 align:center line:74% position:24% size:58% SO IN OTHER WORDS, THE 02:32:44.655 --> 02:32:45.923 align:center line:74% position:33% size:70% UNRESERVED FUND BALANCE GOT 02:32:45.923 --> 02:32:48.325 align:center line:74% position:44% size:78% WORSE IN FUTURE YEARS, BECAUSE 02:32:48.325 --> 02:32:50.961 align:center line:74% position:27% size:63% THERE WAS AN ONGOING GAP 02:32:50.961 --> 02:32:52.396 align:center line:74% position:33% size:70% BETWEEN FUTURES AND REVENUE 02:32:52.396 --> 02:32:52.730 align:center line:74% position:15% size:35% EXPENDITURES. 02:32:52.730 --> 02:32:53.664 align:center line:74% position:27% size:63% THAT'S THE RECAP OF MAY. 02:32:53.664 --> 02:32:55.232 align:center line:74% position:31% size:68% NEXT COUPLE OF SLIDES, I'M 02:32:55.232 --> 02:32:58.002 align:center line:74% position:36% size:73% GOING TO INCLUDE SOME OF THE 02:32:58.002 --> 02:33:02.773 align:center line:74% position:50% size:80% NEW DATA THAT WE HAVE REFERRED, 02:33:02.773 --> 02:33:04.041 align:center line:74% position:29% size:65% FROM VARIOUS PARTNERS, TO 02:33:04.041 --> 02:33:04.675 align:center line:74% position:40% size:75% UPDATE THESE PROJECTIONS WITH 02:33:04.675 --> 02:33:05.075 align:center line:74% position:18% size:45% MORE RECENT DATA. 02:33:05.075 --> 02:33:07.044 align:center line:74% position:36% size:73% SO THIS SLIDE IS REALLY JUST 02:33:07.044 --> 02:33:08.679 align:center line:74% position:44% size:78% RECAPTURING ALL OF THE WORK IN 02:33:08.679 --> 02:33:11.448 align:center line:74% position:44% size:78% DETAIL THAT WAS JUST PRESENTED 02:33:11.448 --> 02:33:14.084 align:center line:74% position:50% size:80% TO YOU IN THE PRIOR AGENDA ITEM 02:33:14.084 --> 02:33:14.685 align:center line:74% position:36% size:73% FROM THE FORECAST OFFICE AND 02:33:14.685 --> 02:33:16.754 align:center line:74% position:25% size:60% THE CITY BUDGET OFFICE. 02:33:16.754 --> 02:33:20.124 align:center line:74% position:44% size:78% AND IT JUST PLAY LAYERS IN AND 02:33:20.124 --> 02:33:21.425 align:center line:74% position:40% size:75% SHOWS GRAPHICALLY THE CHANGES 02:33:21.425 --> 02:33:23.460 align:center line:74% position:44% size:78% TO, FROM THE MANY FORECASTS IN 02:33:23.460 --> 02:33:24.295 align:center line:74% position:24% size:58% THE LIGHTER BLUE LINE. 02:33:24.295 --> 02:33:26.764 align:center line:74% position:44% size:78% AND THE NOW AUGUST FORECAST IN 02:33:26.764 --> 02:33:31.201 align:center line:74% position:24% size:58% THE DARKER BLUE LINE. 02:33:31.335 --> 02:33:33.304 align:center line:74% position:50% size:80% THE -- ACTUALLY, IF WE COULD GO 02:33:33.304 --> 02:33:33.837 align:center line:74% position:27% size:63% BACK TO THAT ONE SLIDE. 02:33:34.038 --> 02:33:39.443 align:center line:74% position:44% size:78% I JUST WANT TO HIGHLIGHT A FEW 02:33:39.443 --> 02:33:40.511 align:center line:74% position:31% size:68% POINTS THAT ARE NOT REALLY 02:33:40.511 --> 02:33:42.713 align:center line:74% position:40% size:75% EMBEDDED, BUT THEY COULD KIND 02:33:42.713 --> 02:33:44.248 align:center line:74% position:40% size:75% OF CONTINUE ON THE DISCUSSION 02:33:44.248 --> 02:33:46.016 align:center line:74% position:50% size:80% FROM THE FORECAST OFFICE IN THE 02:33:46.016 --> 02:33:46.550 align:center line:74% position:19% size:48% PRIOR AGENDA ITEM. 02:33:46.550 --> 02:33:51.889 align:center line:74% position:50% size:80% AND THAT IS WITH REGARDS TO THE 02:33:51.889 --> 02:33:53.157 align:center line:74% position:36% size:73% BASELINE AND THE PESSIMISTIC 02:33:53.157 --> 02:33:53.424 align:center line:74% position:13% size:25% SCENARIO. 02:33:53.424 --> 02:33:58.295 align:center line:74% position:44% size:78% AGAIN, IT'S AN IMPORTANT POINT 02:33:58.295 --> 02:34:00.464 align:center line:74% position:33% size:70% THAT THE PROBABILITY OF THE 02:34:00.464 --> 02:34:01.098 align:center line:74% position:50% size:80% PESSIMISTIC SCENARIO IS HIGHER. 02:34:01.098 --> 02:34:02.933 align:center line:74% position:50% size:80% ALBEIT SIMILAR TO THE BASELINE. 02:34:03.067 --> 02:34:04.235 align:center line:74% position:33% size:70% THERE IS SUGGESTION I WOULD 02:34:04.235 --> 02:34:06.370 align:center line:74% position:44% size:78% OFFER TO THE COMMUNITY TO KEEP 02:34:06.370 --> 02:34:07.504 align:center line:74% position:44% size:78% IN MIND WHEN CONSIDERING THAT. 02:34:07.504 --> 02:34:10.307 align:center line:74% position:44% size:78% ONE IS DUE TO RECENT ACTION BY 02:34:10.307 --> 02:34:15.446 align:center line:74% position:36% size:73% THE COUNCIL, PARTICULARLY IN 02:34:15.446 --> 02:34:18.849 align:center line:74% position:33% size:70% THE BUDGET LEGISLATION, THE 02:34:18.849 --> 02:34:19.450 align:center line:74% position:36% size:73% CITY'S REVENUE STABILIZATION 02:34:19.450 --> 02:34:20.317 align:center line:74% position:44% size:78% FUND, WHICH SOLE PURPOSE IS TO 02:34:20.317 --> 02:34:22.353 align:center line:74% position:33% size:70% BE IN PLACE IN THE ECONOMIC 02:34:22.353 --> 02:34:25.189 align:center line:74% position:44% size:78% NEWS THAT RESULTS IN A REVENUE 02:34:25.189 --> 02:34:26.490 align:center line:74% position:50% size:80% REDUCTION, IS NOW FULLY FUNDED. 02:34:26.490 --> 02:34:29.526 align:center line:74% position:50% size:80% SO THAT IS AN APPROXIMATELY $62 02:34:29.526 --> 02:34:30.427 align:center line:74% position:40% size:75% MILLION OF AVAILABLE RESOURCE 02:34:30.427 --> 02:34:32.263 align:center line:74% position:36% size:73% THAT HELPED MITIGATE SOME OF 02:34:32.263 --> 02:34:33.931 align:center line:74% position:44% size:78% THE RISK OF AN ECONOMIC SHOCK. 02:34:33.931 --> 02:34:35.432 align:center line:74% position:22% size:55% SO THAT'S GOOD NEWS. 02:34:35.566 --> 02:34:36.400 align:center line:74% position:11% size:13% ALSO? 02:34:36.400 --> 02:34:38.602 align:center line:74% position:20% size:50% NEWS TO CONSIDER OR 02:34:38.602 --> 02:34:41.605 align:center line:74% position:25% size:60% INFORMATION, IS THAT ON 02:34:41.605 --> 02:34:43.540 align:center line:74% position:31% size:68% AVERAGE, IN THE PAST, CITY 02:34:43.540 --> 02:34:45.909 align:center line:74% position:24% size:58% REVENUE FORECASTS HAVE 02:34:45.909 --> 02:34:46.510 align:center line:74% position:36% size:73% GENERALLY COME IN, HAVE BEEN 02:34:46.510 --> 02:34:47.011 align:center line:74% position:20% size:50% LOWER THAN ACTUALS. 02:34:47.011 --> 02:34:49.179 align:center line:74% position:44% size:78% SO OF COURSE, A RECESSION IS A 02:34:49.179 --> 02:34:49.880 align:center line:74% position:14% size:28% SURPRISE. 02:34:49.880 --> 02:34:52.850 align:center line:74% position:36% size:73% AND THAT WOULD CHALLENGE THE 02:34:52.850 --> 02:34:53.684 align:center line:74% position:22% size:55% BASELINE ASSUMPTION. 02:34:53.684 --> 02:34:58.322 align:center line:74% position:40% size:75% BUT ON AVERAGE, THE FORECASTS 02:34:58.322 --> 02:34:59.423 align:center line:74% position:25% size:60% HAVE RESULTED IN ACTUAL 02:34:59.423 --> 02:34:59.990 align:center line:74% position:31% size:68% REVENUES THAT HAVE COME IN 02:34:59.990 --> 02:35:01.625 align:center line:74% position:24% size:58% HIGHER THAN FORECAST. 02:35:01.625 --> 02:35:03.327 align:center line:74% position:33% size:70% SO IT'S JUST -- IT'S VANISH 02:35:03.327 --> 02:35:05.062 align:center line:74% position:40% size:75% IMPORTANT TO NOTE AND TO KEEP 02:35:05.062 --> 02:35:06.363 align:center line:74% position:18% size:45% IN MIND THE RISK. 02:35:06.363 --> 02:35:08.766 align:center line:74% position:25% size:60% BUT THERE ARE ALSO SOME 02:35:08.766 --> 02:35:09.867 align:center line:74% position:40% size:75% PHYSICAL TOOLS IN THE TOOLKIT 02:35:09.867 --> 02:35:10.668 align:center line:74% position:24% size:58% TO HELP MITIGATE THAT. 02:35:10.668 --> 02:35:15.139 align:center line:74% position:50% size:80% >> AND TOM, I JUST WANT TO ALSO 02:35:15.139 --> 02:35:17.007 align:center line:74% position:31% size:68% NOTE, THE APPRECIATION FOR 02:35:17.007 --> 02:35:18.542 align:center line:74% position:44% size:78% CENTRAL STAFF AND TO HIGHLIGHT 02:35:18.542 --> 02:35:20.811 align:center line:74% position:36% size:73% THAT IT WAS THIS COUNCIL, IT 02:35:20.811 --> 02:35:23.514 align:center line:74% position:25% size:60% WAS THE PREVIOUS BUDGET 02:35:23.514 --> 02:35:25.182 align:center line:74% position:50% size:80% COMMITTEE IN 2020 AND 2021 THAT 02:35:25.182 --> 02:35:27.384 align:center line:74% position:50% size:80% REALLY PUSHED BACK ON TRYING TO 02:35:27.384 --> 02:35:30.621 align:center line:74% position:44% size:78% DRAW DOWN THOSE RESERVES, EVEN 02:35:30.621 --> 02:35:32.389 align:center line:74% position:44% size:78% FURTHER THAN THE COMFORT LEVEL 02:35:32.389 --> 02:35:33.090 align:center line:74% position:44% size:78% THAT SEATTLE CITY COUNCIL HAD. 02:35:33.090 --> 02:35:35.092 align:center line:74% position:44% size:78% THE PREVIOUS ADMINISTRATION AT 02:35:35.092 --> 02:35:37.828 align:center line:74% position:27% size:63% ONE POINT, HAD SUGGESTED 02:35:37.828 --> 02:35:38.896 align:center line:74% position:36% size:73% DRAWING DOWN THE RESERVES TO 02:35:38.896 --> 02:35:39.363 align:center line:74% position:19% size:48% NEARLY $3 MILLION. 02:35:39.363 --> 02:35:41.632 align:center line:74% position:31% size:68% WE REALLY HELD THE LINE ON 02:35:41.632 --> 02:35:42.933 align:center line:74% position:40% size:75% TRYING TO PRESERVE AS MUCH AS 02:35:42.933 --> 02:35:44.201 align:center line:74% position:50% size:80% POSSIBLE IN A REALLY AGGRESSIVE 02:35:44.201 --> 02:35:46.537 align:center line:74% position:50% size:80% TIME LINE TO BUILD BACK FUNDING 02:35:46.537 --> 02:35:49.173 align:center line:74% position:31% size:68% INTO THE RESERVES AND INTO 02:35:49.173 --> 02:35:49.973 align:center line:74% position:36% size:73% REPLENISH THAT, LARGELY WITH 02:35:49.973 --> 02:35:50.574 align:center line:74% position:25% size:60% JUMP-START INVESTMENTS. 02:35:50.574 --> 02:35:52.643 align:center line:74% position:29% size:65% BUT WE HELD TRUE TO THOSE 02:35:52.643 --> 02:35:52.976 align:center line:74% position:15% size:33% COMMITMENTS. 02:35:52.976 --> 02:35:55.179 align:center line:74% position:24% size:58% AND AS YOU NOTED, HAVE 02:35:55.179 --> 02:35:55.746 align:center line:74% position:31% size:68% SUCCEEDED IN REPLENISHING. 02:35:55.746 --> 02:35:58.649 align:center line:74% position:44% size:78% AND I REALLY THINK THAT THAT'S 02:35:58.649 --> 02:35:59.249 align:center line:74% position:22% size:55% AN IMPORTANT THING TO 02:35:59.249 --> 02:36:00.784 align:center line:74% position:36% size:73% HIGHLIGHT, I'M GLAD YOU DID. 02:36:00.784 --> 02:36:03.153 align:center line:74% position:31% size:68% AND IT SHOWS STRONG FISCAL 02:36:03.153 --> 02:36:04.621 align:center line:74% position:36% size:73% STEWARDSHIP OVER OUR BUDGET. 02:36:04.621 --> 02:36:06.857 align:center line:74% position:40% size:75% I WANT TO THIS OPPORTUNITY AS 02:36:06.857 --> 02:36:08.459 align:center line:74% position:31% size:68% WELL, TO THANK OUR CURRENT 02:36:08.459 --> 02:36:09.360 align:center line:74% position:33% size:70% ADMINISTRATION AND ALSO THE 02:36:09.360 --> 02:36:11.762 align:center line:74% position:50% size:80% LEADERSHIP OF THE CITY BUDGET'S 02:36:11.762 --> 02:36:13.697 align:center line:74% position:50% size:80% OFFICE, JULIE DINGLEY, FOR YOUR 02:36:13.697 --> 02:36:15.866 align:center line:74% position:33% size:70% PARTNERSHIP, ONGOING, AS WE 02:36:15.866 --> 02:36:19.203 align:center line:74% position:31% size:68% CONTINUE TO TRY TO ADDRESS 02:36:19.203 --> 02:36:20.170 align:center line:74% position:36% size:73% THESE GOING COLLABORATIVELY. 02:36:20.170 --> 02:36:23.373 align:center line:74% position:50% size:80% AND GLAD WE HAVE THESE TOOLS IN 02:36:23.373 --> 02:36:24.108 align:center line:74% position:31% size:68% OUR TOOLKIT, AS YOU NOTED. 02:36:24.108 --> 02:36:28.512 align:center line:74% position:36% size:73% >> ALY , IF WE COULD MOVE TO 02:36:28.512 --> 02:36:30.714 align:center line:74% position:17% size:40% THE NEXT SLIDE. 02:36:30.714 --> 02:36:33.984 align:center line:74% position:33% size:70% SO THESE ARE THE HIGH-LEVEL 02:36:33.984 --> 02:36:34.318 align:center line:74% position:15% size:35% EXPENDITURES. 02:36:34.318 --> 02:36:35.719 align:center line:74% position:44% size:78% AGAIN, COMPARING THIS, THE MAY 02:36:35.719 --> 02:36:38.722 align:center line:74% position:22% size:55% 4th PLAN WITH THE NEW 02:36:38.722 --> 02:36:40.057 align:center line:74% position:33% size:70% INFORMATION IN THE BASELINE 02:36:40.057 --> 02:36:41.959 align:center line:74% position:27% size:63% UPDATE, PROVIDED BY CBO. 02:36:41.959 --> 02:36:45.162 align:center line:74% position:22% size:55% SHOWS THERE IS FAIRLY 02:36:45.162 --> 02:36:45.729 align:center line:74% position:24% size:58% SIGNIFICANT GROWTH AND 02:36:45.729 --> 02:36:46.363 align:center line:74% position:24% size:58% EXPLAINING EXPENDITURE 02:36:46.363 --> 02:36:46.697 align:center line:74% position:15% size:33% PROJECTIONS. 02:36:46.697 --> 02:36:50.134 align:center line:74% position:33% size:70% SO BACK IN MAY, WE ACTUALLY 02:36:50.134 --> 02:36:50.934 align:center line:74% position:25% size:60% WERE APPLYING INFLATION 02:36:50.934 --> 02:36:52.269 align:center line:74% position:24% size:58% ADJUSTMENTS TO VARIOUS 02:36:52.269 --> 02:36:55.172 align:center line:74% position:44% size:78% CATEGORIES, AND IN LARGE PART, 02:36:55.172 --> 02:36:57.074 align:center line:74% position:50% size:80% THOSE INFLATION CATEGORIES WERE 02:36:57.074 --> 02:36:59.409 align:center line:74% position:21% size:53% FAIRLY SUCCESSFUL IN 02:36:59.409 --> 02:37:00.344 align:center line:74% position:50% size:80% ACCOMMODATING SOME OF THE COSTS 02:37:00.344 --> 02:37:02.646 align:center line:74% position:44% size:78% AM BUT THE NEXT EXPLANATION IS 02:37:02.646 --> 02:37:04.381 align:center line:74% position:33% size:70% WHY ARE THESE COSTS HIGHER? 02:37:04.381 --> 02:37:07.251 align:center line:74% position:50% size:80% AND THE REASON IS GENERALLY TWO 02:37:07.251 --> 02:37:07.584 align:center line:74% position:13% size:20% THINGS. 02:37:07.584 --> 02:37:10.988 align:center line:74% position:44% size:78% ONE, AS NOTED IN THE REVIEW OF 02:37:10.988 --> 02:37:11.455 align:center line:74% position:19% size:48% THE BASELINE DATA. 02:37:11.455 --> 02:37:14.091 align:center line:74% position:29% size:65% THERE WAS -- AND INCLUDED 02:37:14.091 --> 02:37:15.626 align:center line:74% position:31% size:68% ADDITIONAL COSTS FOR HUMAN 02:37:15.626 --> 02:37:16.827 align:center line:74% position:21% size:53% SERVICES CONTRACTS. 02:37:16.827 --> 02:37:22.433 align:center line:74% position:44% size:78% SO IN 2019, COUNCIL ADOPTED AN 02:37:22.433 --> 02:37:24.401 align:center line:74% position:40% size:75% ORDINANCE ADMITTED THAT HUMAN 02:37:24.401 --> 02:37:26.537 align:center line:74% position:31% size:68% SERVICES CONTRACT WOULD BE 02:37:26.537 --> 02:37:27.638 align:center line:74% position:29% size:65% INFLATED BY CPI IN FUTURE 02:37:27.638 --> 02:37:28.205 align:center line:74% position:13% size:20% YEARS. 02:37:28.205 --> 02:37:30.974 align:center line:74% position:40% size:75% SO NOTABLY IN MAY, IN THE MAY 02:37:30.974 --> 02:37:33.310 align:center line:74% position:44% size:78% UPDATE, IT DID NOT APPEAR THAT 02:37:33.310 --> 02:37:36.847 align:center line:74% position:36% size:73% HUMAN SERVICES CONTRACTS HAD 02:37:36.847 --> 02:37:37.848 align:center line:74% position:50% size:80% BEEN INFLATED, ACCORDING TO THE 02:37:37.848 --> 02:37:39.450 align:center line:74% position:50% size:80% REQUIREMENT, SO THAT SEATTLE IS 02:37:39.450 --> 02:37:40.918 align:center line:74% position:19% size:48% CODE REQUIREMENT. 02:37:40.918 --> 02:37:42.352 align:center line:74% position:24% size:58% INCLUDING NOTES IN THE 02:37:42.352 --> 02:37:43.187 align:center line:74% position:13% size:23% BASELINE 02:37:43.187 --> 02:37:45.756 align:center line:74% position:40% size:75% AND ALSO IN FUTURE YEARS, ADD 02:37:45.756 --> 02:37:48.158 align:center line:74% position:50% size:80% TO SOMEWHAT SIZABLE INCREASE IN 02:37:48.158 --> 02:37:49.760 align:center line:74% position:33% size:70% THE COST OF THE PROJECTIONS 02:37:49.760 --> 02:37:51.328 align:center line:74% position:31% size:68% THAT WERE PROVIDED IN MAY. 02:37:51.328 --> 02:37:53.363 align:center line:74% position:36% size:73% ANOTHER PIECE OF THE KIND OF 02:37:53.363 --> 02:37:55.466 align:center line:74% position:50% size:80% UNANTICIPATED GROWTH SINCE MAY, 02:37:55.466 --> 02:37:55.966 align:center line:74% position:25% size:60% ISINCREASES IN PLANNING 02:37:55.966 --> 02:37:56.233 align:center line:74% position:13% size:25% RESERVE. 02:37:56.366 --> 02:38:03.507 align:center line:74% position:44% size:78% SO THESE ARE KIND OF BELOW-THE- 02:38:03.507 --> 02:38:03.874 align:center line:74% position:17% size:40% LINE, RESERVES. 02:38:03.874 --> 02:38:08.979 align:center line:74% position:31% size:68% THAT MAY INCLUDE AS COSTS, 02:38:08.979 --> 02:38:10.380 align:center line:74% position:40% size:75% BECAUSE THEY ARE AMOUNTS HELD 02:38:10.380 --> 02:38:11.348 align:center line:74% position:24% size:58% FOR FUTURE COST ITEMS. 02:38:11.348 --> 02:38:12.816 align:center line:74% position:31% size:68% BUT THEY'RE HELD BELOW THE 02:38:12.816 --> 02:38:13.183 align:center line:74% position:12% size:15% LINE. 02:38:13.183 --> 02:38:15.219 align:center line:74% position:40% size:75% BECAUSE THEY'RE SOMETIMES NOT 02:38:15.219 --> 02:38:18.388 align:center line:74% position:36% size:73% FULLY FORMED OVER OR INCLUDE 02:38:18.388 --> 02:38:20.224 align:center line:74% position:29% size:65% SOME LEGAL OR CONTRACTUAL 02:38:20.224 --> 02:38:21.725 align:center line:74% position:44% size:78% NATURE THAT IS NOT RIPE TO BED 02:38:21.725 --> 02:38:22.626 align:center line:74% position:25% size:60% INCLUDED IN THE BUDGET. 02:38:22.626 --> 02:38:24.161 align:center line:74% position:25% size:60% IN THE ADOPTED BUDGET. 02:38:24.161 --> 02:38:26.964 align:center line:74% position:36% size:73% SO THOSE TWO ELEMENTS REALLY 02:38:26.964 --> 02:38:29.166 align:center line:74% position:33% size:70% ARE WHAT ARE, AS THEY ENTER 02:38:29.166 --> 02:38:29.967 align:center line:74% position:22% size:55% THIS INTERSECTION AND 02:38:29.967 --> 02:38:30.601 align:center line:74% position:44% size:78% EXPENDITURES IN FUTURE YEARS. 02:38:30.734 --> 02:38:33.303 align:center line:74% position:33% size:70% IN 2022, THE COST GROWTH IS 02:38:33.303 --> 02:38:34.471 align:center line:74% position:13% size:23% HIGHER. 02:38:34.605 --> 02:38:37.975 align:center line:74% position:40% size:75% BUT THAT'S BECAUSE OF ADOPTED 02:38:37.975 --> 02:38:38.442 align:center line:74% position:15% size:33% LEGISLATION. 02:38:38.442 --> 02:38:41.178 align:center line:74% position:40% size:75% AND THEN FRANKLY, IF YOU LOOK 02:38:41.178 --> 02:38:44.448 align:center line:74% position:31% size:68% AT THE SIZABLE DIFFERENCES 02:38:44.448 --> 02:38:45.482 align:center line:74% position:36% size:73% BETWEEN THE 2022 BAR AND THE 02:38:45.482 --> 02:38:45.749 align:center line:74% position:13% size:25% 2023 BAR. 02:38:45.749 --> 02:38:49.853 align:center line:74% position:31% size:68% A LOT THAT WAS IS ONE-TIME 02:38:49.853 --> 02:38:50.787 align:center line:74% position:29% size:65% STUFF, DEALING WITH CARRY- 02:38:50.787 --> 02:38:51.054 align:center line:74% position:13% size:23% FORWARD. 02:38:51.054 --> 02:38:53.590 align:center line:74% position:27% size:63% SO IN DEALING WITH PRIOR 02:38:53.590 --> 02:38:55.125 align:center line:74% position:36% size:73% PRESENTATIONS, WE TALK ABOUT 02:38:55.125 --> 02:38:55.726 align:center line:74% position:40% size:75% THE AUTOMATIC CARRY-FORWARDS. 02:38:55.726 --> 02:38:58.195 align:center line:74% position:44% size:78% THINGS OF THAT NATURE THAT ARE 02:38:58.195 --> 02:38:59.162 align:center line:74% position:50% size:80% ESSENTIALLY 2021 SPENDING, THAT 02:38:59.162 --> 02:39:00.230 align:center line:74% position:31% size:68% ROLLS INTO THE NEXT YEAR. 02:39:00.230 --> 02:39:03.367 align:center line:74% position:29% size:65% SO THAT'S WHY THAT BAR IS 02:39:03.367 --> 02:39:03.634 align:center line:74% position:13% size:23% HIGHER. 02:39:03.634 --> 02:39:06.103 align:center line:74% position:36% size:73% IN GENERAL, THE PLAN, IN THE 02:39:06.103 --> 02:39:07.938 align:center line:74% position:50% size:80% BASELINE LEVEL, INCLUDES GROWTH 02:39:07.938 --> 02:39:09.072 align:center line:74% position:31% size:68% IN ALL YEARS FROM 2022 AND 02:39:09.072 --> 02:39:09.339 align:center line:74% position:13% size:25% FORWARD. 02:39:09.339 --> 02:39:11.842 align:center line:74% position:36% size:73% SO I JUST WANT TO POINT THAT 02:39:11.842 --> 02:39:13.043 align:center line:74% position:29% size:65% OUT, PARTICULARLY FOR THE 02:39:13.043 --> 02:39:13.877 align:center line:74% position:40% size:75% VIEWING PUBLIC WHO MAY NOT BE 02:39:13.877 --> 02:39:15.746 align:center line:74% position:44% size:78% EXACTLY TUNED IN TO ALL OF THE 02:39:15.746 --> 02:39:19.016 align:center line:74% position:44% size:78% ELEMENTS OF THE BUDGET CHANGES 02:39:19.016 --> 02:39:19.616 align:center line:74% position:36% size:73% THAT WE'VE DISCUSSED IN THIS 02:39:19.616 --> 02:39:19.850 align:center line:74% position:12% size:18% YEAR. 02:39:20.050 --> 02:39:23.987 align:center line:74% position:33% size:70% SO IF WE COULD MOVE TO THIS 02:39:23.987 --> 02:39:24.221 align:center line:74% position:12% size:18% SLIDE. 02:39:24.221 --> 02:39:28.792 align:center line:74% position:33% size:70% SO THIS IS KIND OF THE MORE 02:39:28.792 --> 02:39:30.928 align:center line:74% position:50% size:80% TABULAR FORMAT OF THE FINANCIAL 02:39:30.928 --> 02:39:31.128 align:center line:74% position:12% size:15% PLAN. 02:39:31.128 --> 02:39:33.263 align:center line:74% position:44% size:78% AND SHOWS THE STARTING BALANCE 02:39:33.263 --> 02:39:36.867 align:center line:74% position:33% size:70% AT THE TOP OF EACH YEAR AND 02:39:36.867 --> 02:39:39.069 align:center line:74% position:44% size:78% RUNS THROUGH REVENUE EXCHANGES 02:39:39.069 --> 02:39:40.404 align:center line:74% position:36% size:73% AND EXPENDITURES TOET GET TO 02:39:40.404 --> 02:39:40.737 align:center line:74% position:15% size:33% THE DEFICIT. 02:39:40.737 --> 02:39:44.107 align:center line:74% position:27% size:63% SO THIS BLUE ROW HERE IS 02:39:44.107 --> 02:39:46.710 align:center line:74% position:40% size:75% ESSENTIALLY THE OPERATING GAP 02:39:46.710 --> 02:39:48.979 align:center line:74% position:31% size:68% THAT WE SHOWED IN THE LINE 02:39:48.979 --> 02:39:49.546 align:center line:74% position:33% size:70% CHART, IN THE PRIOR SLIDE. 02:39:49.746 --> 02:39:57.554 align:center line:74% position:29% size:65% THEN YOU GET TO AN ENDING 02:39:57.554 --> 02:39:57.988 align:center line:74% position:19% size:48% BUDGETERY BALANCE. 02:39:57.988 --> 02:40:01.191 align:center line:74% position:40% size:75% THERE ARE SOME BELOW THE LINE 02:40:01.191 --> 02:40:02.292 align:center line:74% position:36% size:73% TO ACCOMMODATE THOSE KIND OF 02:40:02.292 --> 02:40:03.894 align:center line:74% position:44% size:78% PLANNING ELEMENTS THAT ARE NOT 02:40:03.894 --> 02:40:04.394 align:center line:74% position:20% size:50% YET INCLUDED IN THE 02:40:04.394 --> 02:40:04.761 align:center line:74% position:16% size:38% APPROPRIATION. 02:40:04.761 --> 02:40:07.431 align:center line:74% position:50% size:80% THEN YOU GET TO THE BOTTOM LINE 02:40:07.431 --> 02:40:08.732 align:center line:74% position:36% size:73% AD NUMBERS ARE OFF BALANCE. 02:40:08.732 --> 02:40:11.435 align:center line:74% position:44% size:78% A LOT OF DETAIL ON THIS CHART. 02:40:11.435 --> 02:40:14.004 align:center line:74% position:33% size:70% BUT THE KEY TAKEAWAY IS THE 02:40:14.004 --> 02:40:15.439 align:center line:74% position:33% size:70% OPERATING SURPLUS IS HIGHER 02:40:15.439 --> 02:40:16.873 align:center line:74% position:27% size:63% THAN WHAT WAS ORIGINALLY 02:40:16.873 --> 02:40:17.908 align:center line:74% position:18% size:45% PROJECTED IN MAY. 02:40:17.908 --> 02:40:19.743 align:center line:74% position:44% size:78% AND THE ENDING UNRESERVED FUND 02:40:19.743 --> 02:40:22.512 align:center line:74% position:50% size:80% BALANCE, WHICH IS THE METRIC TO 02:40:22.512 --> 02:40:25.782 align:center line:74% position:50% size:80% DETERMINE THE BALANCE BUDGET IS 02:40:25.782 --> 02:40:27.417 align:center line:74% position:33% size:70% ACTUALLY SOMEWHAT BETTER IN 02:40:27.417 --> 02:40:29.052 align:center line:74% position:50% size:80% 2023, LARGELY BECAUSE THERE ARE 02:40:29.052 --> 02:40:30.921 align:center line:74% position:44% size:78% BALANCES CARRIED OVER FROM THE 02:40:30.921 --> 02:40:31.555 align:center line:74% position:50% size:80% CURRENT YEAR IN THE PROJECTION. 02:40:31.688 --> 02:40:37.194 align:center line:74% position:36% size:73% BUT ON BALANCE, IT GENERALLY 02:40:37.194 --> 02:40:38.795 align:center line:74% position:33% size:70% LEADS TO A GROWING NEGATIVE 02:40:38.795 --> 02:40:39.363 align:center line:74% position:31% size:68% UNRESERVED FUND BALANCE BY 02:40:39.363 --> 02:40:39.596 align:center line:74% position:12% size:18% 2026. 02:40:39.796 --> 02:40:44.501 align:center line:74% position:31% size:68% SO THIS IS THE SORT OF THE 02:40:44.501 --> 02:40:45.869 align:center line:74% position:31% size:68% TABLE FORM TO LOOK AT THIS 02:40:45.869 --> 02:40:46.069 align:center line:74% position:12% size:15% DATA. 02:40:46.069 --> 02:40:47.471 align:center line:74% position:29% size:65% AND THEN AGAIN, WE CAN GO 02:40:47.471 --> 02:40:48.972 align:center line:74% position:40% size:75% THROUGH IN THE NEXT COUPLE OF 02:40:48.972 --> 02:40:50.273 align:center line:74% position:20% size:50% SLIDES, THE GRAPHS. 02:40:50.273 --> 02:40:53.243 align:center line:74% position:50% size:80% SO THIS IS UPDATING THOSE GRAPH 02:40:53.243 --> 02:40:54.911 align:center line:74% position:44% size:78% PRESENTATIONS OF THE MAY DATA, 02:40:54.911 --> 02:40:56.847 align:center line:74% position:50% size:80% USING NOW, THE NEW INFORMATION, 02:40:56.847 --> 02:40:59.082 align:center line:74% position:29% size:65% TO SHOW YOU THE PROJECTED 02:40:59.082 --> 02:40:59.616 align:center line:74% position:29% size:65% OPERATING GAP FOR AUGUST. 02:40:59.616 --> 02:41:03.353 align:center line:74% position:44% size:78% SO AS YOU CAN SEE, COMPARED TO 02:41:03.353 --> 02:41:04.554 align:center line:74% position:31% size:68% THE MAY GRAPH, THE AVERAGE 02:41:04.554 --> 02:41:05.288 align:center line:74% position:27% size:63% OPERATING GAP HAS GROWN. 02:41:05.288 --> 02:41:08.725 align:center line:74% position:44% size:78% SO IT'S ABOUT ON AVERAGE, $142 02:41:08.725 --> 02:41:10.260 align:center line:74% position:40% size:75% MILLION ON AVERAGE EACH YEAR. 02:41:10.260 --> 02:41:12.663 align:center line:74% position:50% size:80% AND NOTABLY, THE -- HOW, IN THE 02:41:12.663 --> 02:41:15.098 align:center line:74% position:44% size:78% MAY PLAN, THOSE TWO LINES WERE 02:41:15.098 --> 02:41:18.902 align:center line:74% position:27% size:63% GETTING CLOSER BY 2026. 02:41:18.902 --> 02:41:21.638 align:center line:74% position:33% size:70% NOW, LARGELY DUE TO KIND OF 02:41:21.638 --> 02:41:23.507 align:center line:74% position:36% size:73% LOWER REVENUE PROJECTIONS IN 02:41:23.507 --> 02:41:25.642 align:center line:74% position:40% size:75% THE FUTURE, COMBINED WITH THE 02:41:25.642 --> 02:41:27.144 align:center line:74% position:27% size:63% INCREASED COST FOR HUMAN 02:41:27.144 --> 02:41:29.780 align:center line:74% position:36% size:73% SERVICES CONTRACT, INFLATION 02:41:29.780 --> 02:41:30.947 align:center line:74% position:31% size:68% THAT IS REQUIRED PER CODE. 02:41:30.947 --> 02:41:33.917 align:center line:74% position:21% size:53% AND PLANNING RESERVE 02:41:33.917 --> 02:41:37.187 align:center line:74% position:31% size:68% ASSUMPTIONS, THE LINES ARE 02:41:37.187 --> 02:41:39.790 align:center line:74% position:40% size:75% FAIRLY CONSISTENT, ABOUT $142 02:41:39.790 --> 02:41:44.961 align:center line:74% position:29% size:65% MILLION BETWEEN THE TWO. 02:41:44.961 --> 02:41:49.332 align:center line:74% position:50% size:80% SO THAT'S BASICALLY SAYING THIS 02:41:49.332 --> 02:41:51.234 align:center line:74% position:36% size:73% HAS DETERIORATED SOMEWHAT IN 02:41:51.234 --> 02:41:53.136 align:center line:74% position:33% size:70% MAY PRESENTATION, GIVEN THE 02:41:53.136 --> 02:41:54.538 align:center line:74% position:44% size:78% RECENT REVENUE AND EXPENDITURE 02:41:54.538 --> 02:41:54.805 align:center line:74% position:13% size:23% UPDATE. 02:41:54.805 --> 02:41:57.407 align:center line:74% position:44% size:78% AND THEN THE IMPACT ON THE END 02:41:57.407 --> 02:41:58.442 align:center line:74% position:44% size:78% RESERVE FUND BALANCE, WOULD BE 02:41:58.442 --> 02:42:01.745 align:center line:74% position:29% size:65% SHOWN ON THE NEXT SLIDE. 02:42:01.745 --> 02:42:04.281 align:center line:74% position:33% size:70% WHICH SHOWS ESSENTIALLY THE 02:42:04.281 --> 02:42:07.851 align:center line:74% position:44% size:78% COMPARISON IN THIS BOTTOM LINE 02:42:07.851 --> 02:42:08.418 align:center line:74% position:31% size:68% BALANCED BUDGET INDICATOR, 02:42:08.418 --> 02:42:09.486 align:center line:74% position:40% size:75% COMPARING THE MAY PLAN, WHICH 02:42:09.486 --> 02:42:10.253 align:center line:74% position:14% size:28% IS IN RED. 02:42:10.253 --> 02:42:11.988 align:center line:74% position:44% size:78% AND THE AUGUST FINANCIAL PLAN, 02:42:11.988 --> 02:42:13.190 align:center line:74% position:40% size:75% THE UPDATED NUMBERS, WHICH IS 02:42:13.190 --> 02:42:13.457 align:center line:74% position:13% size:23% IN BLUE. 02:42:13.457 --> 02:42:20.197 align:center line:74% position:40% size:75% AND YOU CAN SEE, ACTUALLY, IN 02:42:20.197 --> 02:42:21.531 align:center line:74% position:24% size:58% THE CURRENT YEAR, IT'S 02:42:21.531 --> 02:42:22.466 align:center line:74% position:27% size:63% PROJECTED TO BE SLIGHTLY 02:42:22.466 --> 02:42:22.733 align:center line:74% position:13% size:20% BETTER. 02:42:22.733 --> 02:42:24.367 align:center line:74% position:44% size:78% AND THAT'S BECAUSE THE REVENUE 02:42:24.367 --> 02:42:31.208 align:center line:74% position:40% size:75% FORECAST FOR THE CURRENT YEAR 02:42:31.208 --> 02:42:32.709 align:center line:74% position:50% size:80% IS HIGHER, PRIMARILY DUE TO THE 02:42:32.709 --> 02:42:34.611 align:center line:74% position:40% size:75% 2021 EXPENSE LIABILITIES THAT 02:42:34.611 --> 02:42:35.745 align:center line:74% position:29% size:65% WERE RECEIVED IN 2022 AND 02:42:35.745 --> 02:42:37.814 align:center line:74% position:33% size:70% CREDIT TO THE GENERAL FUND. 02:42:37.814 --> 02:42:41.518 align:center line:74% position:31% size:68% SO FOR 2023, THE PROJECTED 02:42:41.518 --> 02:42:47.457 align:center line:74% position:40% size:75% NUMBERS OF ENDING FUND POLICY 02:42:47.457 --> 02:42:49.259 align:center line:74% position:25% size:60% PROVES FROM NEGATIVE TO 02:42:49.259 --> 02:42:49.893 align:center line:74% position:21% size:53% NEGATIVE 17 MILLION. 02:42:49.893 --> 02:42:55.198 align:center line:74% position:50% size:80% BUT RELIES ON STARTING BALANCES 02:42:55.198 --> 02:42:56.733 align:center line:74% position:13% size:25% IN 2023. 02:42:56.733 --> 02:43:00.971 align:center line:74% position:40% size:75% OVER THE LONG TERM, GIVEN THE 02:43:00.971 --> 02:43:03.240 align:center line:74% position:33% size:70% LONGER AND GROWING GAP, THE 02:43:03.240 --> 02:43:08.311 align:center line:74% position:50% size:80% FUND BALANCE BY 2026, GOES FROM 02:43:08.311 --> 02:43:11.681 align:center line:74% position:44% size:78% NEGATIVE 249, TO NEGATIVE $444 02:43:11.681 --> 02:43:12.749 align:center line:74% position:21% size:53% MILLION ON DOLLARS. 02:43:12.749 --> 02:43:15.085 align:center line:74% position:31% size:68% AND I JUST WANT TO MAKE AN 02:43:15.085 --> 02:43:15.685 align:center line:74% position:25% size:60% IMPORTANT NOTE ON THIS. 02:43:15.685 --> 02:43:22.559 align:center line:74% position:33% size:70% BECAUSE THAT'S A VERY LARGE 02:43:22.559 --> 02:43:22.893 align:center line:74% position:13% size:20% NUMBER. 02:43:22.893 --> 02:43:24.628 align:center line:74% position:24% size:58% AND IT CAN BE SOMEWHAT 02:43:24.628 --> 02:43:25.562 align:center line:74% position:40% size:75% FRIGHTENING WHEN LOOKING AT A 02:43:25.562 --> 02:43:25.962 align:center line:74% position:18% size:45% NUMBER LIKE THAT. 02:43:25.962 --> 02:43:29.666 align:center line:74% position:25% size:60% THIS IS JUST A PLANNING 02:43:29.666 --> 02:43:29.933 align:center line:74% position:13% size:25% DOCUMENT. 02:43:29.933 --> 02:43:31.935 align:center line:74% position:50% size:80% AND IT WILL BE UPDATED AGAIN IN 02:43:31.935 --> 02:43:32.202 align:center line:74% position:13% size:25% THE FALL. 02:43:32.202 --> 02:43:34.337 align:center line:74% position:36% size:73% AND WILL BE UPDATED NUMEROUS 02:43:34.337 --> 02:43:35.672 align:center line:74% position:36% size:73% TIMES BEFORE WE GET TO 2026. 02:43:35.672 --> 02:43:40.277 align:center line:74% position:36% size:73% AND FURTHERMORE, THERE IS NO 02:43:40.277 --> 02:43:42.312 align:center line:74% position:44% size:78% LEGAL REQUIREMENT THAT THE OUT 02:43:42.312 --> 02:43:44.748 align:center line:74% position:40% size:75% YEAR OF THE FINANCIAL PLAN BE 02:43:44.748 --> 02:43:45.015 align:center line:74% position:13% size:25% BALANCED. 02:43:45.015 --> 02:43:47.017 align:center line:74% position:33% size:70% WHAT IS TO BE REQUIRED, THE 02:43:47.017 --> 02:43:48.552 align:center line:74% position:29% size:65% ONLY THING REQUIRED TO BE 02:43:48.552 --> 02:43:49.553 align:center line:74% position:50% size:80% BALANCED IS THE LEGALLY ADOPTED 02:43:49.553 --> 02:43:53.023 align:center line:74% position:36% size:73% BUDGET THAT IS CONSIDERED BY 02:43:53.023 --> 02:43:53.456 align:center line:74% position:15% size:33% THE COUNCIL. 02:43:53.456 --> 02:43:54.958 align:center line:74% position:25% size:60% SO THIS FINANCIAL PLAN, 02:43:54.958 --> 02:43:56.393 align:center line:74% position:40% size:75% PARTICULARLY IN THE OUT YEARS 02:43:56.393 --> 02:43:57.327 align:center line:74% position:21% size:53% IS A PLANNING GUIDE. 02:43:57.327 --> 02:43:59.296 align:center line:74% position:27% size:63% AND IT'S NOT INTENDED TO 02:43:59.296 --> 02:44:05.235 align:center line:74% position:50% size:80% INDICATE THAT THE COUNCIL NEEDS 02:44:05.235 --> 02:44:06.102 align:center line:74% position:36% size:73% TO BALANCE THAT $444 MILLION 02:44:06.102 --> 02:44:07.370 align:center line:74% position:27% size:63% ENDING RESERVE BALANCE. 02:44:07.370 --> 02:44:08.605 align:center line:74% position:31% size:68% PROJECTED FOR 2026 IN THIS 02:44:08.605 --> 02:44:09.806 align:center line:74% position:12% size:18% YEAR. 02:44:09.806 --> 02:44:18.748 align:center line:74% position:31% size:68% SO JUST WANTED TO ADD THAT 02:44:18.748 --> 02:44:20.417 align:center line:74% position:44% size:78% CONTEXT BECAUSE OF THE SIZE OF 02:44:20.417 --> 02:44:21.518 align:center line:74% position:36% size:73% THE NUMBER AND THE CHALLENGE 02:44:21.518 --> 02:44:21.885 align:center line:74% position:17% size:40% ITS REPRESENTS. 02:44:21.885 --> 02:44:27.057 align:center line:74% position:44% size:78% BECAUSE IT IS SEVERAL YEARS IN 02:44:27.057 --> 02:44:27.357 align:center line:74% position:14% size:30% THE FUTURE. 02:44:27.357 --> 02:44:32.262 align:center line:74% position:36% size:73% IT'S A USEFUL METRIC BUT NOT 02:44:32.262 --> 02:44:33.430 align:center line:74% position:36% size:73% THE SOLE GOVERNING METRIC IN 02:44:33.430 --> 02:44:33.797 align:center line:74% position:16% size:38% THIS ANALYSIS. 02:44:33.797 --> 02:44:35.832 align:center line:74% position:31% size:68% IF WE COULD GO TO THE NEXT 02:44:35.832 --> 02:44:36.066 align:center line:74% position:12% size:18% SLIDE. 02:44:36.066 --> 02:44:37.901 align:center line:74% position:21% size:53% AND JUST TO REFRESH. 02:44:37.901 --> 02:44:40.237 align:center line:74% position:44% size:78% I INTENTIONALLY TRIED TO GO TO 02:44:40.237 --> 02:44:41.705 align:center line:74% position:20% size:50% A FAIRLY FAST CLIP. 02:44:41.705 --> 02:44:46.776 align:center line:74% position:31% size:68% THERE IS A BACKUP MEMO, AS 02:44:46.776 --> 02:44:47.611 align:center line:74% position:44% size:78% CHAIR MOSQUEDA MENTIONED, THAT 02:44:47.611 --> 02:44:48.912 align:center line:74% position:29% size:65% INCLUDES DETAILS ON THIS. 02:44:48.912 --> 02:44:52.182 align:center line:74% position:44% size:78% BUT I WANTED TO REFRESH ON THE 02:44:52.182 --> 02:44:52.549 align:center line:74% position:16% size:38% KEY TAKEAWAYS. 02:44:52.549 --> 02:44:56.753 align:center line:74% position:50% size:80% AND THAT IT'S BASICALLY, NOW, I 02:44:56.753 --> 02:44:57.120 align:center line:74% position:16% size:38% LOST MY CHART. 02:44:57.120 --> 02:44:59.589 align:center line:74% position:13% size:25% THE SLIDE. 02:44:59.723 --> 02:45:09.833 align:center line:74% position:13% size:23% >> YEAH. 02:45:13.036 --> 02:45:16.139 align:center line:74% position:50% size:80% SO THE GENERAL DEFICIT AND FUND 02:45:16.139 --> 02:45:17.340 align:center line:74% position:15% size:35% HAS WORSENED. 02:45:17.340 --> 02:45:18.008 align:center line:74% position:50% size:80% UNRESERVED BALANCE HAS SLIGHTLY 02:45:18.008 --> 02:45:18.441 align:center line:74% position:19% size:48% IMPROVED FOR 2023. 02:45:18.441 --> 02:45:20.176 align:center line:74% position:36% size:73% BUT OVER THE LONG TERM, IT'S 02:45:20.176 --> 02:45:23.346 align:center line:74% position:27% size:63% PROJECTED TO GET WORSE. 02:45:23.346 --> 02:45:26.850 align:center line:74% position:44% size:78% THE MAGNITUDE OF THE CHALLENGE 02:45:26.850 --> 02:45:30.654 align:center line:74% position:40% size:75% INCREASED HOWEVER, THERE WILL 02:45:30.654 --> 02:45:32.155 align:center line:74% position:44% size:78% BE SOME CHANGES, INCLUDING NEW 02:45:32.155 --> 02:45:34.324 align:center line:74% position:27% size:63% REVENUES TO CERTAIN FUND 02:45:34.324 --> 02:45:35.025 align:center line:74% position:36% size:73% POLICIES OVER BOTH LONG-TERM 02:45:35.025 --> 02:45:35.492 align:center line:74% position:21% size:53% AND TEMPORARY BASIS. 02:45:35.492 --> 02:45:38.328 align:center line:74% position:29% size:65% THAT WE DISCUSSED IN MAY. 02:45:38.328 --> 02:45:40.096 align:center line:74% position:36% size:73% THOSE FACTORS STILL APPLY IN 02:45:40.096 --> 02:45:40.664 align:center line:74% position:31% size:68% THIS -- IN LOOKING AT THIS 02:45:40.664 --> 02:45:40.897 align:center line:74% position:12% size:18% PLAN. 02:45:41.031 --> 02:45:46.603 align:center line:74% position:40% size:75% NEXT IS THAT THE EXECUTIVE IS 02:45:46.603 --> 02:45:49.039 align:center line:74% position:31% size:68% STILL LOOKING AT DECISIONS 02:45:49.039 --> 02:45:50.006 align:center line:74% position:50% size:80% AROUND BALANCING THEIR PROPOSED 02:45:50.006 --> 02:45:50.707 align:center line:74% position:33% size:70% BALANCED BUDGET, WHICH WILL 02:45:50.707 --> 02:45:53.243 align:center line:74% position:44% size:78% RESULT IN PLANS AND CHANGES TO 02:45:53.243 --> 02:45:54.844 align:center line:74% position:44% size:78% THIS FINANCIAL PLAN, AND THERE 02:45:54.844 --> 02:45:56.379 align:center line:74% position:31% size:68% WILL BE TRANSMITTED TO THE 02:45:56.379 --> 02:45:57.247 align:center line:74% position:17% size:43% PROPOSED BUDGET. 02:45:57.247 --> 02:45:59.883 align:center line:74% position:40% size:75% TRANSMITTED WITH THE PROPOSED 02:45:59.883 --> 02:46:02.485 align:center line:74% position:40% size:75% BUDGET AND STAFF WILL DO THIS 02:46:02.485 --> 02:46:03.453 align:center line:74% position:33% size:70% RECURRING ANALYSIS BASED ON 02:46:03.453 --> 02:46:03.753 align:center line:74% position:14% size:28% THIS DATA. 02:46:03.753 --> 02:46:05.255 align:center line:74% position:22% size:55% AND ON A HIGH LEVEL. 02:46:05.255 --> 02:46:06.556 align:center line:74% position:44% size:78% BOTH THE MAYOR AND COUNCIL ARE 02:46:06.556 --> 02:46:11.461 align:center line:74% position:33% size:70% FACED WITH THIS CHALLENGE. 02:46:11.594 --> 02:46:15.365 align:center line:74% position:33% size:70% AND INITIATIONING COST 70s. 02:46:15.365 --> 02:46:17.801 align:center line:74% position:31% size:68% AND HIGHER RISK OF FURTHER 02:46:17.801 --> 02:46:18.368 align:center line:74% position:29% size:65% DECLINE IN CITY REVENUES. 02:46:18.368 --> 02:46:20.537 align:center line:74% position:36% size:73% SO THIS IS JUST THE STARTING 02:46:20.537 --> 02:46:22.639 align:center line:74% position:36% size:73% POINT THAT PUTS US IN A GOOD 02:46:22.639 --> 02:46:23.907 align:center line:74% position:44% size:78% POSITION FOR CONSIDERING THOSE 02:46:23.907 --> 02:46:26.776 align:center line:74% position:44% size:78% DIFFERENT OPTIONS THAT WILL BE 02:46:26.776 --> 02:46:28.011 align:center line:74% position:27% size:63% CONSIDERED IN THE COMING 02:46:28.011 --> 02:46:31.381 align:center line:74% position:13% size:23% MONTHS. 02:46:31.381 --> 02:46:32.949 align:center line:74% position:50% size:80% AND THAT CONCLUDES MY COMMENTS. 02:46:32.949 --> 02:46:36.519 align:center line:74% position:44% size:78% I BELIEVE I AM TURNING OVER TO 02:46:36.519 --> 02:46:37.954 align:center line:74% position:50% size:80% DIRECTOR DINGLEY FOR ADDITIONAL 02:46:37.954 --> 02:46:38.421 align:center line:74% position:13% size:20% SLIDES. 02:46:38.421 --> 02:46:38.855 align:center line:74% position:19% size:48% >> THANK YOU, TOM. 02:46:38.855 --> 02:46:39.489 align:center line:74% position:17% size:40% >> WELCOME BACK. 02:46:39.489 --> 02:46:40.824 align:center line:74% position:22% size:55% >> THANK YOU SO MUCH. 02:46:40.824 --> 02:46:41.758 align:center line:74% position:18% size:45% THANK YOU, CHAIR. 02:46:41.758 --> 02:46:43.126 align:center line:74% position:16% size:38% THANK YOU, TOM. 02:46:43.259 --> 02:46:45.128 align:center line:74% position:29% size:65% FIRST, I WANT TO START BY 02:46:45.128 --> 02:46:45.528 align:center line:74% position:18% size:45% SAYING THANK YOU. 02:46:45.528 --> 02:46:46.796 align:center line:74% position:36% size:73% THANK YOU FOR HAVING ME HERE 02:46:46.796 --> 02:46:47.030 align:center line:74% position:12% size:18% TODAY. 02:46:47.030 --> 02:46:49.032 align:center line:74% position:36% size:73% BUT ALSO A DEEP APPRECIATION 02:46:49.032 --> 02:46:50.333 align:center line:74% position:22% size:55% AND GRATITUDE FOR THE 02:46:50.333 --> 02:46:54.337 align:center line:74% position:44% size:78% PARTNERSHIP WITH CENTRAL STAFF 02:46:54.337 --> 02:46:55.238 align:center line:74% position:20% size:50% AND WITH THE CHAIR. 02:46:55.238 --> 02:46:57.340 align:center line:74% position:44% size:78% I HAVE BEEN VERY ENCOURAGED BY 02:46:57.340 --> 02:46:57.774 align:center line:74% position:19% size:48% THIS RELATIONSHIP. 02:46:57.774 --> 02:47:04.147 align:center line:74% position:40% size:75% AND I THINK IT'S REALLY GREAT 02:47:04.147 --> 02:47:06.383 align:center line:74% position:29% size:65% THAT WE HAVE BEEN ABLE TO 02:47:06.383 --> 02:47:07.217 align:center line:74% position:31% size:68% TRANSLATE REALLY TECHNICAL 02:47:07.217 --> 02:47:08.885 align:center line:74% position:44% size:78% INFORMATION INTO TERM FIST ARE 02:47:08.885 --> 02:47:09.452 align:center line:74% position:29% size:65% FOLKS AND DEEPEN PEOPLE'S 02:47:09.452 --> 02:47:10.587 align:center line:74% position:44% size:78% UNDERSTANDING OF WHY WE ARE IN 02:47:10.587 --> 02:47:12.355 align:center line:74% position:40% size:75% THIS POSITION AND WHERE DO WE 02:47:12.355 --> 02:47:13.289 align:center line:74% position:16% size:38% GO FROM HERE. 02:47:13.289 --> 02:47:15.225 align:center line:74% position:36% size:73% TRANSITIONING TO WHAT I CAME 02:47:15.225 --> 02:47:17.160 align:center line:74% position:50% size:80% HERE TO SORT OF EMPHASIZE A LOT 02:47:17.160 --> 02:47:20.096 align:center line:74% position:36% size:73% OF WHAT HAS BEEN SAID TODAY. 02:47:20.096 --> 02:47:23.800 align:center line:74% position:21% size:53% BUT FROM A TECHNICAL 02:47:23.800 --> 02:47:25.235 align:center line:74% position:36% size:73% PERSPECTIVE, CBO HAS WHAT WE 02:47:25.235 --> 02:47:27.537 align:center line:74% position:33% size:70% NEED TO DELIVER THE MAYOR'S 02:47:27.537 --> 02:47:29.372 align:center line:74% position:44% size:78% 2023 AND 2024 PROPOSED BUDGET. 02:47:29.372 --> 02:47:31.274 align:center line:74% position:29% size:65% HOWEVER, WE ARE OBVIOUSLY 02:47:31.274 --> 02:47:33.209 align:center line:74% position:50% size:80% CLOSELY MONITORING THE FORECAST 02:47:33.209 --> 02:47:33.710 align:center line:74% position:24% size:58% IN AVAILABLE REVENUES. 02:47:33.710 --> 02:47:37.580 align:center line:74% position:29% size:65% SO AS A REMINDER THAT, OF 02:47:37.580 --> 02:47:42.185 align:center line:74% position:50% size:80% COURSE, IN CONJUNCTION WITH THE 02:47:42.185 --> 02:47:43.019 align:center line:74% position:50% size:80% AFOREMENTIONED PARTNERS, WE ARE 02:47:43.019 --> 02:47:44.821 align:center line:74% position:18% size:45% LOOKING AT THIS. 02:47:44.821 --> 02:47:48.024 align:center line:74% position:44% size:78% ASKING EACH CITY DEPARTMENT TO 02:47:48.024 --> 02:47:49.225 align:center line:74% position:44% size:78% IDENTIFY AREAS FOR REDUCTIONS. 02:47:49.225 --> 02:47:51.261 align:center line:74% position:40% size:75% LOOKING AT AREAS, WHERE THERE 02:47:51.261 --> 02:47:52.829 align:center line:74% position:50% size:80% ARE INCREASED COST PRESSURES TO 02:47:52.829 --> 02:47:55.231 align:center line:74% position:44% size:78% DELIVER CORE SERVICES AND MEET 02:47:55.231 --> 02:47:56.833 align:center line:74% position:33% size:70% THE NEEDS OF THE COMMUNITY. 02:47:56.833 --> 02:47:58.968 align:center line:74% position:40% size:75% EXPLORING PROGRESSIVE REVENUE 02:47:58.968 --> 02:48:00.336 align:center line:74% position:44% size:78% OPTIONS THROUGHOUT TASK FORCE. 02:48:00.336 --> 02:48:01.070 align:center line:74% position:29% size:65% IN PARTNERSHIP WITH CHAIR 02:48:01.070 --> 02:48:01.337 align:center line:74% position:13% size:25% MOSQUEDA. 02:48:01.337 --> 02:48:04.274 align:center line:74% position:33% size:70% OF COURSE, THOSE ARE LONGER- 02:48:04.274 --> 02:48:05.642 align:center line:74% position:33% size:70% TERM SOLUTIONS THAT ARE NOT 02:48:05.642 --> 02:48:07.210 align:center line:74% position:36% size:73% AVAILABLE TO HELP US IN THIS 02:48:07.210 --> 02:48:07.510 align:center line:74% position:14% size:30% NEAR TERM. 02:48:07.510 --> 02:48:09.646 align:center line:74% position:31% size:68% AND BEING, NOT LISTED HERE 02:48:09.646 --> 02:48:10.580 align:center line:74% position:33% size:70% BECAUSE OF AN AUTHOR ERROR, 02:48:10.580 --> 02:48:13.716 align:center line:74% position:18% size:45% WHICH IS MY OWN. 02:48:13.716 --> 02:48:14.751 align:center line:74% position:25% size:60% EXPAND ADJACENT REVENUE 02:48:14.751 --> 02:48:15.018 align:center line:74% position:13% size:23% STREAMS. 02:48:15.018 --> 02:48:19.055 align:center line:74% position:44% size:78% ASK THOSE ARE AREAS LIKE SHORT- 02:48:19.055 --> 02:48:19.489 align:center line:74% position:20% size:50% TERM BEVERAGE TAX. 02:48:19.489 --> 02:48:22.192 align:center line:74% position:27% size:63% THINGS WE HAVE DISCUSSED 02:48:22.192 --> 02:48:23.526 align:center line:74% position:15% size:33% PREVIOUSLY. 02:48:23.526 --> 02:48:24.794 align:center line:74% position:33% size:70% I'VE ALSO BEEN ABLE TO MEET 02:48:24.794 --> 02:48:26.996 align:center line:74% position:36% size:73% WITH MOST OF YOU IN THE LAST 02:48:26.996 --> 02:48:28.665 align:center line:74% position:40% size:75% TWO WEEKS, COUNCILMEMBERS, TO 02:48:28.665 --> 02:48:29.966 align:center line:74% position:29% size:65% TALK ABOUT THE STRUCTURAL 02:48:29.966 --> 02:48:32.836 align:center line:74% position:50% size:80% CHALLENGES THAT WE COLLECTIVELY 02:48:32.836 --> 02:48:33.036 align:center line:74% position:12% size:15% FACE. 02:48:33.036 --> 02:48:33.970 align:center line:74% position:29% size:65% AND ADDRESS COUNCILMEMBER 02:48:33.970 --> 02:48:35.171 align:center line:74% position:44% size:78% PRIORITIES FOR THIS BUDGET AND 02:48:35.171 --> 02:48:35.405 align:center line:74% position:13% size:20% BEYOND. 02:48:35.405 --> 02:48:37.373 align:center line:74% position:36% size:73% AND I'M HAPPY TO REPORT THAT 02:48:37.373 --> 02:48:41.211 align:center line:74% position:40% size:75% THE GOOD NEWS IS I HAVE HEARD 02:48:41.211 --> 02:48:43.213 align:center line:74% position:36% size:73% BROAD AGREEMENT ANDALIGNMENT 02:48:43.213 --> 02:48:44.547 align:center line:74% position:44% size:78% BETWEEN COUNCILMEMBERS AND THE 02:48:44.547 --> 02:48:45.048 align:center line:74% position:18% size:45% MAYOR AS A WHOLE. 02:48:45.048 --> 02:48:47.584 align:center line:74% position:40% size:75% AND I DON'T THINK I'M TELLING 02:48:47.584 --> 02:48:49.385 align:center line:74% position:36% size:73% TALES OUT OF TUNE TO SHARE. 02:48:49.385 --> 02:48:54.157 align:center line:74% position:50% size:80% AND THOSE INCLUDE CONTINUING TO 02:48:54.157 --> 02:48:56.926 align:center line:74% position:50% size:80% PROVIDE EXISTING SERVICES WHILE 02:48:56.926 --> 02:48:59.195 align:center line:74% position:33% size:70% AVOIDING LAYOFF FOCUSING ON 02:48:59.195 --> 02:49:00.997 align:center line:74% position:33% size:70% MOST VULNERABLE, ESPECIALLY 02:49:00.997 --> 02:49:04.801 align:center line:74% position:36% size:73% FOCUSING ON THE PANDEMIC AND 02:49:04.801 --> 02:49:05.335 align:center line:74% position:27% size:63% RESULTING CONDITIONS AND 02:49:05.335 --> 02:49:05.935 align:center line:74% position:33% size:70% ADDRESSING HOMELESSNESS AND 02:49:05.935 --> 02:49:06.302 align:center line:74% position:16% size:38% PUBLIC SAFETY. 02:49:06.302 --> 02:49:07.704 align:center line:74% position:29% size:65% SO NOW THAT WE HAVE THOSE 02:49:07.704 --> 02:49:07.937 align:center line:74% position:13% size:20% INPUTS. 02:49:07.937 --> 02:49:09.572 align:center line:74% position:27% size:63% NOW WE'RE LOOKING AT THE 02:49:09.572 --> 02:49:10.006 align:center line:74% position:20% size:50% CHALLENGES TO MEET. 02:49:10.006 --> 02:49:11.674 align:center line:74% position:40% size:75% SO IF WE CAN GO BACK JUST ONE 02:49:11.674 --> 02:49:13.143 align:center line:74% position:15% size:35% SLIDE PLEASE. 02:49:13.143 --> 02:49:13.409 align:center line:74% position:13% size:25% THANK YOU. 02:49:13.610 --> 02:49:16.346 align:center line:74% position:25% size:60% SO NOW WE NEED TO STILL 02:49:16.346 --> 02:49:19.215 align:center line:74% position:36% size:73% DETERMINE WHAT THE NUMBER IS 02:49:19.215 --> 02:49:20.049 align:center line:74% position:44% size:78% THAT WE'LL COLLECTIVELY BUDGET 02:49:20.049 --> 02:49:20.617 align:center line:74% position:15% size:33% TO FOR 2023. 02:49:20.617 --> 02:49:24.821 align:center line:74% position:40% size:75% AND AS YOU HEARD FROM CENTRAL 02:49:24.821 --> 02:49:25.054 align:center line:74% position:12% size:18% STAFF. 02:49:25.054 --> 02:49:27.657 align:center line:74% position:20% size:50% AND DIRECTOR NOBLE. 02:49:27.657 --> 02:49:28.591 align:center line:74% position:40% size:75% THERE IS STILL INCONSISTENCY. 02:49:28.591 --> 02:49:30.760 align:center line:74% position:44% size:78% I'M GOING TO RUN THROUGH THESE 02:49:30.760 --> 02:49:32.128 align:center line:74% position:40% size:75% CHALLENGES THAT WE'RE LOOKING 02:49:32.128 --> 02:49:35.365 align:center line:74% position:50% size:80% WITH, AS WE COME TO LOOK AT OUR 02:49:35.365 --> 02:49:35.965 align:center line:74% position:36% size:73% PROPOSED BUDGET FOR 2023 AND 02:49:35.965 --> 02:49:36.766 align:center line:74% position:12% size:18% 2024. 02:49:36.766 --> 02:49:42.772 align:center line:74% position:27% size:63% SO AS WE HEARD, PANDEMIC- 02:49:42.772 --> 02:49:43.606 align:center line:74% position:22% size:55% RELATED BEHAVIORS ARE 02:49:43.606 --> 02:49:44.474 align:center line:74% position:50% size:80% CONTINUING TO NEGATIVELY AFFECT 02:49:44.474 --> 02:49:44.841 align:center line:74% position:13% size:25% REVENUES. 02:49:44.841 --> 02:49:47.110 align:center line:74% position:29% size:65% AND MIGHT LEAD TO SLOWING 02:49:47.110 --> 02:49:50.113 align:center line:74% position:36% size:73% REVENUE GROWTH IN AN ONGOING 02:49:50.113 --> 02:49:50.313 align:center line:74% position:11% size:13% WAY. 02:49:50.313 --> 02:49:55.218 align:center line:74% position:44% size:78% FORECASTERS, I DO NOT ENVY THE 02:49:55.218 --> 02:49:57.487 align:center line:74% position:31% size:68% WORK OF DIRECTOR NOBLE AND 02:49:57.487 --> 02:49:57.787 align:center line:74% position:12% size:18% HENIS. 02:49:57.787 --> 02:50:00.456 align:center line:74% position:50% size:80% THEY ARE CONSEQUENTLY UNCERTAIN 02:50:00.456 --> 02:50:02.959 align:center line:74% position:22% size:55% BETWEEN THAT BASELINE 02:50:02.959 --> 02:50:03.426 align:center line:74% position:22% size:55% PESSIMISTIC FORECAST. 02:50:03.426 --> 02:50:06.563 align:center line:74% position:21% size:53% OF WHAT WILL HAPPEN. 02:50:06.563 --> 02:50:08.231 align:center line:74% position:29% size:65% SO WE'RE GOING TO BE IN A 02:50:08.231 --> 02:50:09.232 align:center line:74% position:40% size:75% SITUATION WHERE WE ARE LIVING 02:50:09.232 --> 02:50:11.935 align:center line:74% position:24% size:58% FORECAST TO FORECAST. 02:50:11.935 --> 02:50:16.239 align:center line:74% position:33% size:70% WHICH SUGGESTS TO THE POINT 02:50:16.239 --> 02:50:18.575 align:center line:74% position:25% size:60% DURING DIRECTOR NOBLE'S 02:50:18.575 --> 02:50:19.142 align:center line:74% position:31% size:68% PRESENTATION, THAT PERHAPS 02:50:19.142 --> 02:50:19.709 align:center line:74% position:31% size:68% DIRECTING MIGHT BE WHAT WE 02:50:19.709 --> 02:50:20.543 align:center line:74% position:12% size:18% NEED. 02:50:20.543 --> 02:50:23.479 align:center line:74% position:40% size:75% WE'LL BE LOOKING FOR AREAS TO 02:50:23.479 --> 02:50:29.652 align:center line:74% position:44% size:78% BE CONSERVATIVE THROUGHOUT THE 02:50:29.652 --> 02:50:31.287 align:center line:74% position:36% size:73% BUDGET TO HEDGE AGAINST THAT 02:50:31.287 --> 02:50:33.656 align:center line:74% position:27% size:63% POTENTIAL DOWNSIDE RISK. 02:50:33.656 --> 02:50:34.924 align:center line:74% position:36% size:73% FURTHER, YEAR OVER YEAR, AND 02:50:34.924 --> 02:50:36.726 align:center line:74% position:50% size:80% THE FORECAST IS SUGGESTING THAT 02:50:36.726 --> 02:50:38.595 align:center line:74% position:50% size:80% IT WILL TAKE 12 TO 18 MONTHS TO 02:50:38.595 --> 02:50:40.663 align:center line:74% position:31% size:68% FALL BACK INTO THE 2 TO 3% 02:50:40.663 --> 02:50:40.897 align:center line:74% position:12% size:18% RANGE. 02:50:40.897 --> 02:50:44.767 align:center line:74% position:36% size:73% YOU CAN GO TO THE NEXT SLIDE 02:50:44.767 --> 02:50:47.604 align:center line:74% position:13% size:23% PLEASE. 02:50:47.604 --> 02:50:49.672 align:center line:74% position:50% size:80% SO AGAIN, THIS IS A LITTLE BIT, 02:50:49.672 --> 02:50:50.139 align:center line:74% position:20% size:50% IT BEARS REPEATING. 02:50:50.139 --> 02:50:52.442 align:center line:74% position:22% size:55% SO BEAR WITH ME HERE. 02:50:52.442 --> 02:50:55.311 align:center line:74% position:27% size:63% THAT RISING PRICES BOOST 02:50:55.311 --> 02:50:56.913 align:center line:74% position:31% size:68% PERCENTAGE PRICES BASED ON 02:50:56.913 --> 02:50:57.280 align:center line:74% position:15% size:33% SALES TAXES. 02:50:57.280 --> 02:51:01.050 align:center line:74% position:44% size:78% BUT THERE ARE SOME THAT DO NOT 02:51:01.050 --> 02:51:02.185 align:center line:74% position:40% size:75% MOVE AUTOMATICALLY WITH PRICE 02:51:02.185 --> 02:51:05.221 align:center line:74% position:44% size:78% CHANGES, LIKE PROPERTY TAXES. 02:51:05.221 --> 02:51:07.490 align:center line:74% position:33% size:70% PUTS CONTINUOUS PRESSURE ON 02:51:07.490 --> 02:51:09.826 align:center line:74% position:36% size:73% BUYING POWER AND BUDGETS FOR 02:51:09.826 --> 02:51:10.159 align:center line:74% position:15% size:33% COMMODITIES. 02:51:10.159 --> 02:51:11.828 align:center line:74% position:31% size:68% ULTIMATELY, HIGH INFLATION 02:51:11.828 --> 02:51:12.862 align:center line:74% position:29% size:65% CONDITIONS WILL RESULT IN 02:51:12.862 --> 02:51:13.429 align:center line:74% position:31% size:68% STRUCTURAL DEFICITS IN THE 02:51:13.429 --> 02:51:15.732 align:center line:74% position:40% size:75% GENERAL FUND AND OTHER FUNDS, 02:51:15.732 --> 02:51:18.268 align:center line:74% position:25% size:60% EVEN AS WE CONTEND WITH 02:51:18.268 --> 02:51:18.901 align:center line:74% position:44% size:78% EXISTING BALANCING CHALLENGES. 02:51:18.901 --> 02:51:19.936 align:center line:74% position:40% size:75% SO OUR FINE POWER IS GOING TO 02:51:19.936 --> 02:51:20.270 align:center line:74% position:13% size:23% GO DOWN. 02:51:20.270 --> 02:51:22.805 align:center line:74% position:31% size:68% AND OF COURSE, NEW REVENUE 02:51:22.805 --> 02:51:25.875 align:center line:74% position:25% size:60% OPTIONS ARE NOT READILY 02:51:25.875 --> 02:51:26.175 align:center line:74% position:14% size:28% AVAILABLE. 02:51:26.175 --> 02:51:27.143 align:center line:74% position:22% size:55% THOSE ARE LONGER-TERM 02:51:27.143 --> 02:51:27.443 align:center line:74% position:14% size:30% STRATEGIES. 02:51:27.443 --> 02:51:29.512 align:center line:74% position:44% size:78% SO THIS UPDATED FINANCIAL PLAN 02:51:29.512 --> 02:51:31.214 align:center line:74% position:40% size:75% THAT YOU SAW FROM TOM, IS THE 02:51:31.214 --> 02:51:31.614 align:center line:74% position:17% size:40% STARTING POINT. 02:51:31.614 --> 02:51:34.550 align:center line:74% position:40% size:75% BUT IT ALSO DOESN'T JUST, YOU 02:51:34.550 --> 02:51:35.785 align:center line:74% position:44% size:78% KNOW, GROW OUTSIDE OF EXPENSES 02:51:35.785 --> 02:51:36.786 align:center line:74% position:17% size:43% IN THE BASELINE. 02:51:36.786 --> 02:51:39.622 align:center line:74% position:24% size:58% AND IT ALSO ASSUMES NO 02:51:39.622 --> 02:51:40.690 align:center line:74% position:44% size:78% CONTINUATION OF ONE-TIME ITEMS 02:51:40.690 --> 02:51:43.026 align:center line:74% position:44% size:78% FROM 2022, OF WHICH THERE WERE 02:51:43.026 --> 02:51:43.326 align:center line:74% position:12% size:15% MANY. 02:51:43.326 --> 02:51:45.295 align:center line:74% position:29% size:65% AND OF COURSE, AN ONGOING 02:51:45.295 --> 02:51:47.230 align:center line:74% position:44% size:78% CHALLENGE IS THAT WE HAVE OPEN 02:51:47.230 --> 02:51:47.964 align:center line:74% position:22% size:55% LABOR CONTRACTS FOR A 02:51:47.964 --> 02:51:49.999 align:center line:74% position:44% size:78% SIGNIFICANT NUMBER OF OUR CITY 02:51:49.999 --> 02:51:50.566 align:center line:74% position:13% size:20% UNIONS. 02:51:50.566 --> 02:51:51.868 align:center line:74% position:31% size:68% AND THOSE NEGOTIATIONS ARE 02:51:51.868 --> 02:51:52.135 align:center line:74% position:13% size:23% ONGOING. 02:51:52.135 --> 02:51:54.270 align:center line:74% position:36% size:73% SO ULTIMATELY, AT THE END OF 02:51:54.270 --> 02:51:58.007 align:center line:74% position:40% size:75% THE DAY, THIS FORECAST IS NOT 02:51:58.007 --> 02:51:58.608 align:center line:74% position:36% size:73% SIGNIFICANTLY MITIGATED, HAS 02:51:58.608 --> 02:51:59.809 align:center line:74% position:50% size:80% NOT SIGNIFICANTLY MITIGATED THE 02:51:59.809 --> 02:52:00.943 align:center line:74% position:50% size:80% CHALLENGE WE HAVE ALL DISCUSSED 02:52:00.943 --> 02:52:01.344 align:center line:74% position:18% size:45% AND ACKNOWLEDGED. 02:52:01.344 --> 02:52:03.179 align:center line:74% position:36% size:73% BUT I DO HOPE TO ENGAGE WITH 02:52:03.179 --> 02:52:04.881 align:center line:74% position:40% size:75% ALL OF YOU MORE IN THE COMING 02:52:04.881 --> 02:52:07.650 align:center line:74% position:40% size:75% WEEKS AS WE CRAFT THE MAYOR'S 02:52:07.650 --> 02:52:09.519 align:center line:74% position:22% size:55% 2023 AND 2024 BUDGET. 02:52:09.519 --> 02:52:12.755 align:center line:74% position:50% size:80% SO WE CAN COLLECTIVELY MEET OUR 02:52:12.755 --> 02:52:14.023 align:center line:74% position:36% size:73% GOALS IN AN ENVIRONMENT WITH 02:52:14.023 --> 02:52:14.590 align:center line:74% position:31% size:68% CHALLENGING CIRCUMSTANCES. 02:52:14.590 --> 02:52:19.328 align:center line:74% position:29% size:65% SO I WILL TURN IT BACK TO 02:52:19.328 --> 02:52:20.430 align:center line:74% position:36% size:73% DEPUTY DIRECTOR PENNUCCI AND 02:52:20.430 --> 02:52:21.497 align:center line:74% position:36% size:73% TOM TO TELL US WHAT IS NEXT. 02:52:21.497 --> 02:52:23.466 align:center line:74% position:21% size:53% THANK YOU VERY MUCH. 02:52:23.466 --> 02:52:27.503 align:center line:74% position:50% size:80% >> THANK YOU, DIRECTOR DINGLEY. 02:52:27.637 --> 02:52:32.041 align:center line:74% position:44% size:78% SO JUST KIND OF TO FINISH THIS 02:52:32.041 --> 02:52:32.208 align:center line:74% position:11% size:10% UP. 02:52:32.208 --> 02:52:39.482 align:center line:74% position:29% size:65% THE MAYOR WILL SUBMIT HIS 02:52:39.482 --> 02:52:40.550 align:center line:74% position:31% size:68% PROPOSED '23-'24 BUDGET ON 02:52:40.550 --> 02:52:41.918 align:center line:74% position:31% size:68% SEPTEMBER 24th, WHICH WILL 02:52:41.918 --> 02:52:42.852 align:center line:74% position:50% size:80% INCLUDE POLICY PROPOSALS ON TOP 02:52:42.852 --> 02:52:44.821 align:center line:74% position:50% size:80% OF THE BASELINE NUMBERS THAT WE 02:52:44.821 --> 02:52:45.354 align:center line:74% position:17% size:40% REVIEWED TODAY. 02:52:45.354 --> 02:52:47.090 align:center line:74% position:33% size:70% AND THE COUNCIL, OF COURSE, 02:52:47.090 --> 02:52:48.458 align:center line:74% position:25% size:60% WILL THEN CONSIDER THAT 02:52:48.458 --> 02:52:50.393 align:center line:74% position:36% size:73% PROPOSAL AND MAKE CHANGES TO 02:52:50.393 --> 02:52:52.562 align:center line:74% position:33% size:70% ADOPT A BALANCED BUDGET FOR 02:52:52.562 --> 02:52:52.762 align:center line:74% position:12% size:15% 2023. 02:52:52.762 --> 02:52:55.998 align:center line:74% position:50% size:80% AND ENDORSE BALANCED BUDGET FOR 02:52:55.998 --> 02:52:57.400 align:center line:74% position:44% size:78% 2024, WITH UPDATE TARGETED FOR 02:52:57.400 --> 02:52:57.767 align:center line:74% position:16% size:38% NOVEMBER 22nd. 02:52:57.767 --> 02:52:59.602 align:center line:74% position:33% size:70% AS I MENTIONED, THIS IS THE 02:52:59.602 --> 02:53:00.903 align:center line:74% position:21% size:53% FINAL REVIEW OF THIS 02:53:00.903 --> 02:53:01.571 align:center line:74% position:50% size:80% INFORMATION, PRIOR TO RECEIVING 02:53:01.571 --> 02:53:02.505 align:center line:74% position:15% size:33% THE BUDGET. 02:53:02.505 --> 02:53:06.209 align:center line:74% position:44% size:78% THERE WILL ALSO BE, DURING THE 02:53:06.209 --> 02:53:07.210 align:center line:74% position:44% size:78% COUNCIL'S BUDGET, DELIBERATIVE 02:53:07.210 --> 02:53:10.113 align:center line:74% position:44% size:78% PROCESS, THERE WILL BE A FINAL 02:53:10.113 --> 02:53:11.481 align:center line:74% position:44% size:78% REVENUE FORECAST FROM BOTH CBO 02:53:11.481 --> 02:53:12.749 align:center line:74% position:31% size:68% AND THE OFFICE OF ECONOMIC 02:53:12.749 --> 02:53:15.852 align:center line:74% position:40% size:75% FORECAST THAT WE WILL RECEIVE 02:53:15.852 --> 02:53:16.252 align:center line:74% position:15% size:33% IN NOVEMBER. 02:53:16.252 --> 02:53:19.021 align:center line:74% position:50% size:80% WHICH WILL CONTINUE TO KEEP THE 02:53:19.021 --> 02:53:21.424 align:center line:74% position:50% size:80% PULSE ON WHAT IS HAPPENING WHEN 02:53:21.424 --> 02:53:22.058 align:center line:74% position:15% size:33% THE ECONOMY. 02:53:22.058 --> 02:53:26.763 align:center line:74% position:50% size:80% AND THEN FINALLY, THIS HAS BEEN 02:53:26.763 --> 02:53:27.964 align:center line:74% position:40% size:75% JUST ASSURANCE THAT USING THE 02:53:27.964 --> 02:53:30.032 align:center line:74% position:50% size:80% FRAMEWORK WE STARTED IN MAY AND 02:53:30.032 --> 02:53:32.535 align:center line:74% position:50% size:80% CONTINUING TODAY, CENTRAL STAFF 02:53:32.535 --> 02:53:33.669 align:center line:74% position:36% size:73% WILL CONTINUE TO PROVIDE THE 02:53:33.669 --> 02:53:34.303 align:center line:74% position:24% size:58% BUDGET PROPOSALS BEING 02:53:34.303 --> 02:53:35.638 align:center line:74% position:36% size:73% CONSIDERED HAVE AN IMPACT ON 02:53:35.638 --> 02:53:37.273 align:center line:74% position:24% size:58% THE FINANCIAL PLANNING 02:53:37.273 --> 02:53:37.607 align:center line:74% position:15% size:35% PROJECTIONS. 02:53:37.607 --> 02:53:39.475 align:center line:74% position:40% size:75% AT ANY STAGE IN THE PROCESS. 02:53:39.609 --> 02:53:40.910 align:center line:74% position:22% size:55% SO THAT CONCLUDES OUR 02:53:40.910 --> 02:53:42.712 align:center line:74% position:16% size:38% PRESENTATION. 02:53:42.845 --> 02:53:46.549 align:center line:74% position:44% size:78% AND AVAILABLE TO HELP WITH ANY 02:53:46.549 --> 02:53:47.150 align:center line:74% position:19% size:48% QUESTIONS WE HAVE. 02:53:47.150 --> 02:53:47.817 align:center line:74% position:13% size:23% >> OKAY. 02:53:47.817 --> 02:53:50.586 align:center line:74% position:50% size:80% COLLEAGUES, I DO WANT TO TEE UP 02:53:50.586 --> 02:53:52.922 align:center line:74% position:33% size:70% A FEW ITEMS AS WELL, THAT I 02:53:52.922 --> 02:53:54.090 align:center line:74% position:40% size:75% THINK ARE A FOLLOW-UP TO THIS 02:53:54.090 --> 02:53:54.857 align:center line:74% position:36% size:73% PRESENTATION, BEFORE GETTING 02:53:54.857 --> 02:53:56.659 align:center line:74% position:36% size:73% INTO MORE OF A DISCUSSION OR 02:53:56.659 --> 02:53:56.959 align:center line:74% position:14% size:28% QUESTIONS. 02:53:56.959 --> 02:53:58.427 align:center line:74% position:33% size:70% I THINK HOPEFULLY THIS WILL 02:53:58.427 --> 02:53:59.328 align:center line:74% position:40% size:75% HELP ROUND OUT OUR DISCUSSION 02:53:59.328 --> 02:54:00.563 align:center line:74% position:50% size:80% ABOUT WHERE DO WE GO FROM HERE. 02:54:00.763 --> 02:54:05.768 align:center line:74% position:40% size:75% AS THE BUDGET CHAIR, FAMOUSED 02:54:05.768 --> 02:54:06.469 align:center line:74% position:29% size:65% WITH A SIGNIFICANT BUDGET 02:54:06.469 --> 02:54:08.438 align:center line:74% position:36% size:73% DEFICIT, AS YOU'VE HEARD, WE 02:54:08.438 --> 02:54:09.939 align:center line:74% position:44% size:78% HAVE BEEN IN DEEP CONVERSATION 02:54:09.939 --> 02:54:11.207 align:center line:74% position:40% size:75% WITH CENTRAL STAFF AND REALLY 02:54:11.207 --> 02:54:12.275 align:center line:74% position:36% size:73% APPRECIATE THE COLLABORATION 02:54:12.275 --> 02:54:13.142 align:center line:74% position:44% size:78% WITH THE CITY BUDGET'S OFFICE. 02:54:13.142 --> 02:54:14.777 align:center line:74% position:44% size:78% BUT AFTER WE REFERRED THE NEWS 02:54:14.777 --> 02:54:16.579 align:center line:74% position:40% size:75% ON MONDAY LAST WEEK, FROM THE 02:54:16.579 --> 02:54:18.080 align:center line:74% position:44% size:78% OFFICE OF ECONOMIC AND REVENUE 02:54:18.080 --> 02:54:20.416 align:center line:74% position:44% size:78% FORECAST, I HAVE ASKED CENTRAL 02:54:20.416 --> 02:54:22.819 align:center line:74% position:36% size:73% STAFF TO WORK TO CALCULATE A 02:54:22.819 --> 02:54:24.687 align:center line:74% position:44% size:78% SCENARIO, IN WHICH WE ARE ABLE 02:54:24.687 --> 02:54:26.789 align:center line:74% position:22% size:55% TO FULLY PRESERVE THE 02:54:26.789 --> 02:54:29.258 align:center line:74% position:36% size:73% COMMITMENTS OF THE 2020 JUMP 02:54:29.258 --> 02:54:31.828 align:center line:74% position:40% size:75% START SPEND PLAN, AS CODIFIED 02:54:31.828 --> 02:54:33.629 align:center line:74% position:50% size:80% IN STATUTES WITH THE AMOUNTS IN 02:54:33.629 --> 02:54:35.465 align:center line:74% position:50% size:80% 2020, BASED ON THE REVENUE THAT 02:54:35.465 --> 02:54:36.432 align:center line:74% position:44% size:78% WE UNDERSTOOD TO BE AVAILABLE. 02:54:36.432 --> 02:54:39.468 align:center line:74% position:50% size:80% WE WANT TO MAINTAIN THE AMOUNTS 02:54:39.468 --> 02:54:42.371 align:center line:74% position:44% size:78% AND THE SPENDING CATEGORIES AS 02:54:42.371 --> 02:54:42.939 align:center line:74% position:31% size:68% DIRECTED IN THE JUMP-START 02:54:42.939 --> 02:54:43.239 align:center line:74% position:14% size:30% SPEND PLAN. 02:54:43.239 --> 02:54:45.174 align:center line:74% position:40% size:75% FOR EXAMPLE, THAT WOULD STILL 02:54:45.174 --> 02:54:50.079 align:center line:74% position:44% size:78% ALLOW FOR US TO SEE A NEAR 42% 02:54:50.079 --> 02:54:52.815 align:center line:74% position:44% size:78% INCREASE IN INVESTMENTS IN THE 02:54:52.815 --> 02:54:55.218 align:center line:74% position:50% size:80% SPEND PLAN, AS CODIFIED BY THIS 02:54:55.218 --> 02:54:56.385 align:center line:74% position:44% size:78% COUNCIL, AS IT RELATED TO JUMP- 02:54:56.385 --> 02:54:56.786 align:center line:74% position:17% size:40% START SPENDING. 02:54:56.786 --> 02:55:01.090 align:center line:74% position:29% size:65% THAT'S A 42% INCREASE FOR 02:55:01.090 --> 02:55:03.726 align:center line:74% position:50% size:80% THINGS LIKE AFFORDABLE HOUSING, 02:55:03.726 --> 02:55:04.827 align:center line:74% position:50% size:80% NEW DEAL, EQUITABLE INVESTMENT, 02:55:04.827 --> 02:55:05.261 align:center line:74% position:20% size:50% EQUITABLE RECOVERY. 02:55:05.261 --> 02:55:07.196 align:center line:74% position:44% size:78% THESE ARE OUR COMMITMENTS THAT 02:55:07.196 --> 02:55:08.264 align:center line:74% position:44% size:78% WOO MADE TO A BROAD COALITION. 02:55:08.264 --> 02:55:12.702 align:center line:74% position:40% size:75% AND IT'S THE COMMITMENTS THAT 02:55:12.702 --> 02:55:13.169 align:center line:74% position:21% size:53% WE AS COUNCILMEMBERS 02:55:13.169 --> 02:55:13.970 align:center line:74% position:29% size:65% UNIVERSALLY, UNANIMOUSLY, 02:55:13.970 --> 02:55:15.571 align:center line:74% position:31% size:68% APPROVED AND CODIFIED INTO 02:55:15.571 --> 02:55:15.905 align:center line:74% position:13% size:25% STATUTE. 02:55:15.905 --> 02:55:19.242 align:center line:74% position:33% size:70% THE ABILITY TO MOVE FORWARD 02:55:19.242 --> 02:55:19.842 align:center line:74% position:25% size:60% WITH THOSE COMMITMENTS, 02:55:19.842 --> 02:55:21.644 align:center line:74% position:50% size:80% SOMETHING THAT I REALLY WANT TO 02:55:21.644 --> 02:55:24.780 align:center line:74% position:50% size:80% BE ABLE TO STAND BY, AS WE ALSO 02:55:24.780 --> 02:55:28.317 align:center line:74% position:29% size:65% RECOGNIZE, THERE ARE SOME 02:55:28.317 --> 02:55:31.521 align:center line:74% position:44% size:78% POTENTIAL SHORT-TERM SOLUTIONS 02:55:31.521 --> 02:55:34.023 align:center line:74% position:44% size:78% FOR 2022 -- 2023 AND 2024 THAT 02:55:34.023 --> 02:55:35.358 align:center line:74% position:36% size:73% COULD USE THE BALANCE OF THE 02:55:35.358 --> 02:55:36.259 align:center line:74% position:36% size:73% JUMP-START REVENUES THAT ARE 02:55:36.259 --> 02:55:39.829 align:center line:74% position:44% size:78% PROJECTED TO COME IN ABOVE THE 02:55:39.829 --> 02:55:40.763 align:center line:74% position:33% size:70% LEVELS ESTIMATED FROM 2022. 02:55:40.763 --> 02:55:43.766 align:center line:74% position:50% size:80% AND USE THAT DIFFERENCE TO HELP 02:55:43.766 --> 02:55:45.968 align:center line:74% position:33% size:70% US ADDRESS THE GENERAL FUND 02:55:45.968 --> 02:55:46.369 align:center line:74% position:18% size:45% CURRENT DEFICIT. 02:55:46.369 --> 02:55:47.069 align:center line:74% position:19% size:48% IN THE SHORT-TERM. 02:55:47.069 --> 02:55:50.339 align:center line:74% position:36% size:73% JUST FOR THOSE TWO YEARS, TO 02:55:50.339 --> 02:55:51.474 align:center line:74% position:44% size:78% PREVENT SIGNIFICANT REDUCTIONS 02:55:51.474 --> 02:55:51.908 align:center line:74% position:19% size:48% IN CITY SERVICES. 02:55:51.908 --> 02:55:54.710 align:center line:74% position:44% size:78% AND I WOULD ALSO SAY THAT WHEN 02:55:54.710 --> 02:55:57.313 align:center line:74% position:33% size:70% WE AS A COUNCIL PASSED JUMP- 02:55:57.313 --> 02:55:57.680 align:center line:74% position:17% size:40% START IN 2020. 02:55:57.680 --> 02:56:01.250 align:center line:74% position:44% size:78% WE HAD INTENDED FOR JUMP-START 02:56:01.250 --> 02:56:02.952 align:center line:74% position:36% size:73% TO ALSO HELP PREVENT AGAINST 02:56:02.952 --> 02:56:03.686 align:center line:74% position:40% size:75% AUSTERITY AT THE BEGINNING OF 02:56:03.686 --> 02:56:04.020 align:center line:74% position:15% size:35% THE PANDEMIB. 02:56:04.020 --> 02:56:08.291 align:center line:74% position:15% size:35% SO PANDEMIC. 02:56:08.291 --> 02:56:11.761 align:center line:74% position:36% size:73% SO IT VERY MUCH IN LINE WITH 02:56:11.761 --> 02:56:14.630 align:center line:74% position:31% size:68% MAKING SURE WE PROTECT THE 02:56:14.630 --> 02:56:15.698 align:center line:74% position:36% size:73% CRITICAL CITY SERVICES, LEAD 02:56:15.698 --> 02:56:16.599 align:center line:74% position:25% size:60% MOVING FORWARD WITH THE 02:56:16.599 --> 02:56:19.001 align:center line:74% position:33% size:70% COMMITMENT WE THE STATUE WE 02:56:19.001 --> 02:56:20.937 align:center line:74% position:33% size:70% CODIFIED IN 2020 THAT WOULD 02:56:20.937 --> 02:56:22.772 align:center line:74% position:44% size:78% ALLOW US TO IN 2022 AND BEYOND 02:56:22.772 --> 02:56:24.674 align:center line:74% position:27% size:63% MAKE SURE WE HAVE DIRECT 02:56:24.674 --> 02:56:25.374 align:center line:74% position:44% size:78% JUSTICEMENTS IN THE CATEGORIES 02:56:25.374 --> 02:56:26.475 align:center line:74% position:36% size:73% IN CONJUNCTION WITH OURSPEND 02:56:26.475 --> 02:56:26.676 align:center line:74% position:12% size:15% PLAN. 02:56:26.676 --> 02:56:28.377 align:center line:74% position:36% size:73% AS EVERYONE KNOWS AS WE HAVE 02:56:28.377 --> 02:56:29.879 align:center line:74% position:27% size:63% TALKED ABOUT THIS BUDGET 02:56:29.879 --> 02:56:30.880 align:center line:74% position:33% size:70% SITUATION IN THE LAST EIGHT 02:56:30.880 --> 02:56:32.815 align:center line:74% position:50% size:80% MONTHS, THANKS IN LARGE PART TO 02:56:32.815 --> 02:56:35.484 align:center line:74% position:44% size:78% THE TRANSPARENCY THAT HAS BEEN 02:56:35.484 --> 02:56:37.086 align:center line:74% position:50% size:80% MADE AVAILABLE, BECAUSE CENTRAL 02:56:37.086 --> 02:56:38.621 align:center line:74% position:40% size:75% STAFF TOOK THE DIRECTIVE FROM 02:56:38.621 --> 02:56:40.323 align:center line:74% position:44% size:78% TWO YEARS AGO, TO DIG INTO THE 02:56:40.323 --> 02:56:42.258 align:center line:74% position:40% size:75% FOOTNOTE THAT WAS INCLUDED IN 02:56:42.258 --> 02:56:45.127 align:center line:74% position:20% size:50% THE LAST TWO YEARS' 02:56:45.127 --> 02:56:46.262 align:center line:74% position:25% size:60% PROJECTIONS, AND REALLY 02:56:46.262 --> 02:56:47.096 align:center line:74% position:50% size:80% DAYLIGHT THE SIX-YEAR FINANCIAL 02:56:47.096 --> 02:56:49.398 align:center line:74% position:25% size:60% PLAN, WE BEGAN HAVING A 02:56:49.398 --> 02:56:50.900 align:center line:74% position:50% size:80% CONVERSATION IN A COLLABORATIVE 02:56:50.900 --> 02:56:53.836 align:center line:74% position:40% size:75% WAY, WITH OUR NEW DIRECTOR OF 02:56:53.836 --> 02:56:54.503 align:center line:74% position:50% size:80% THE CITY BUDGET'S OFFICE, JULIE 02:56:54.503 --> 02:56:56.539 align:center line:74% position:44% size:78% DINGLEY, WITH CENTRAL STAFF AT 02:56:56.539 --> 02:56:57.039 align:center line:74% position:14% size:28% THE TABLE. 02:56:57.039 --> 02:56:59.475 align:center line:74% position:50% size:80% STARTING THIS YEAR, TO SAY, HOW 02:56:59.475 --> 02:57:01.444 align:center line:74% position:40% size:75% DO WE COLLECTIVELY, AS A CITY 02:57:01.444 --> 02:57:02.445 align:center line:74% position:50% size:80% FAMILY, ADDRESS THIS SHORTFALL, 02:57:02.445 --> 02:57:07.249 align:center line:74% position:36% size:73% THAT WAS BURIED IN, I THINK, 02:57:07.249 --> 02:57:07.750 align:center line:74% position:20% size:50% PAGE 700-SOMETHING. 02:57:07.750 --> 02:57:08.918 align:center line:74% position:40% size:75% AND PAGE 600-SOMETHING IN OUR 02:57:08.918 --> 02:57:11.754 align:center line:74% position:50% size:80% LAST TWO BUDGETS AND BRING THAT 02:57:11.754 --> 02:57:14.190 align:center line:74% position:36% size:73% TO OUR FOREFRONT, SO THAT WE 02:57:14.190 --> 02:57:15.358 align:center line:74% position:44% size:78% COULD COLLECTIVELY ADDRESS THE 02:57:15.358 --> 02:57:19.261 align:center line:74% position:50% size:80% UNDERSPIN THAT HAD BEEN USED TO 02:57:19.261 --> 02:57:23.132 align:center line:74% position:40% size:75% FILL IN FUTURE YEARS' BUDGET. 02:57:23.132 --> 02:57:25.468 align:center line:74% position:40% size:75% AS I'VE SAID REPEATEDLY, JUMP 02:57:25.468 --> 02:57:27.169 align:center line:74% position:31% size:68% START PROGRESSIVE REVENUE, 02:57:27.169 --> 02:57:28.738 align:center line:74% position:44% size:78% COULD NOT BE THE ONLY SOLUTION 02:57:28.738 --> 02:57:29.605 align:center line:74% position:36% size:73% TO ADDRESSING THE SHORTFALL, 02:57:29.605 --> 02:57:32.408 align:center line:74% position:44% size:78% THAT WAS IDENTIFIED IN THE SIX- 02:57:32.408 --> 02:57:33.009 align:center line:74% position:31% size:68% YEAR, FISCAL YEAR OUTLOOK. 02:57:33.009 --> 02:57:35.478 align:center line:74% position:44% size:78% I HAVE ASKED STAFF TO GO FORTH 02:57:35.478 --> 02:57:38.047 align:center line:74% position:40% size:75% WITH HELPING US AS A COUNCIL, 02:57:38.047 --> 02:57:40.416 align:center line:74% position:36% size:73% AND INCOLLABORATION WITH THE 02:57:40.416 --> 02:57:41.450 align:center line:74% position:40% size:75% CITY BUDGET'S OFFICE, LOOK AT 02:57:41.450 --> 02:57:43.452 align:center line:74% position:50% size:80% THIS SCENARIO, THAT WOULD ALLOW 02:57:43.452 --> 02:57:45.321 align:center line:74% position:40% size:75% FOR THE MODEST ESTIMATES FROM 02:57:45.321 --> 02:57:48.491 align:center line:74% position:50% size:80% THE 2022 UNDERSPEND TO BE BUILT 02:57:48.491 --> 02:57:49.258 align:center line:74% position:50% size:80% INTO THE BASELINE EXPENDITURES. 02:57:49.392 --> 02:57:52.928 align:center line:74% position:36% size:73% ASSUME VERY LITTLE GROWTH IN 02:57:52.928 --> 02:57:54.964 align:center line:74% position:44% size:78% NEW EXPENDITURES IN 2023, THAT 02:57:54.964 --> 02:57:56.599 align:center line:74% position:29% size:65% WILL HELP HOLD OUR BUDGET 02:57:56.599 --> 02:57:57.133 align:center line:74% position:13% size:20% STEADY. 02:57:57.133 --> 02:57:58.567 align:center line:74% position:40% size:75% BUT TO ADDRESS THIS SHORTFALL 02:57:58.567 --> 02:58:01.704 align:center line:74% position:40% size:75% THAT WE WILL FACE IN 2023 AND 02:58:01.704 --> 02:58:06.308 align:center line:74% position:50% size:80% 2024, AS I NOTED, STAY TRUE, TO 02:58:06.308 --> 02:58:10.646 align:center line:74% position:50% size:80% THE 2020 SPEND PLAN AS CODIFIED 02:58:10.646 --> 02:58:11.514 align:center line:74% position:33% size:70% IN JUMP STARTS, EXPENDITURE 02:58:11.514 --> 02:58:14.517 align:center line:74% position:27% size:63% PLAN, STAY TRUE TO THOSE 02:58:14.517 --> 02:58:17.987 align:center line:74% position:21% size:53% AMOUNTS AND USE THAT 02:58:17.987 --> 02:58:18.554 align:center line:74% position:33% size:70% DIFFERENCE, THE HIGHER-THAN- 02:58:18.554 --> 02:58:20.556 align:center line:74% position:40% size:75% ANTICIPATED DOLLAR AMOUNTS TO 02:58:20.556 --> 02:58:23.926 align:center line:74% position:50% size:80% HAPPEN US WITH THE GENERAL FUND 02:58:23.926 --> 02:58:24.226 align:center line:74% position:14% size:30% UNDERSPEND. 02:58:24.226 --> 02:58:27.563 align:center line:74% position:22% size:55% HIS HAS BEEN WHAT THE 02:58:27.563 --> 02:58:29.865 align:center line:74% position:36% size:73% COMMITTEE HAS IS ASKED US TO 02:58:29.865 --> 02:58:31.367 align:center line:74% position:44% size:78% LOOK LIKE IN THE PAST, GENERAL 02:58:31.367 --> 02:58:31.700 align:center line:74% position:15% size:33% FUND STREAM. 02:58:31.700 --> 02:58:34.136 align:center line:74% position:29% size:65% BUT EVEN THOSE ADDITIONAL 02:58:34.136 --> 02:58:35.204 align:center line:74% position:25% size:60% REVENUE STREAMS ARE NOT 02:58:35.204 --> 02:58:36.272 align:center line:74% position:44% size:78% SIGNIFICANT ENOUGH IN THE NEAR 02:58:36.272 --> 02:58:38.407 align:center line:74% position:50% size:80% TERM TO HELP US CLOSE THIS GAN. 02:58:38.407 --> 02:58:41.610 align:center line:74% position:33% size:70% SO THIS SHORT-TERM SOLUTION 02:58:41.610 --> 02:58:43.245 align:center line:74% position:44% size:78% THAT I'M SUGGESTING AND I WILL 02:58:43.245 --> 02:58:47.483 align:center line:74% position:36% size:73% ASK CENTRAL STAFF TO WALK US 02:58:47.483 --> 02:58:50.486 align:center line:74% position:33% size:70% THROUGH THIS SCENARIO, THIS 02:58:50.486 --> 02:58:51.420 align:center line:74% position:44% size:78% SHORT-TERM SOLUTION WITH CLEAR 02:58:51.420 --> 02:58:55.491 align:center line:74% position:44% size:78% SIDEBOARDS TO ONLY BE USED FOR 02:58:55.491 --> 02:58:56.959 align:center line:74% position:31% size:68% TWO YEARS AND MAINTAIN OUR 02:58:56.959 --> 02:58:58.661 align:center line:74% position:50% size:80% PLANS, WITH THE AMOUNTS WE NEED 02:58:58.661 --> 02:58:58.928 align:center line:74% position:13% size:23% IN 2020. 02:58:58.928 --> 02:59:03.466 align:center line:74% position:40% size:75% THIS WOULD NEED TO BE COUPLED 02:59:03.466 --> 02:59:04.433 align:center line:74% position:21% size:53% WITH THE LONGER-TERM 02:59:04.433 --> 02:59:04.734 align:center line:74% position:14% size:30% STRATEGIES. 02:59:04.734 --> 02:59:05.534 align:center line:74% position:27% size:63% INVESTING IN PROGRESSIVE 02:59:05.534 --> 02:59:06.802 align:center line:74% position:40% size:75% REVENUE SOURCES THAT WOULD BE 02:59:06.802 --> 02:59:10.773 align:center line:74% position:40% size:75% AVAILABLE TO US, STARTING FOR 02:59:10.773 --> 02:59:11.740 align:center line:74% position:36% size:73% THE 2025-2026 BUDGET CYCLES. 02:59:11.740 --> 02:59:13.676 align:center line:74% position:31% size:68% SO THAT WOULD MEAN REVENUE 02:59:13.676 --> 02:59:14.944 align:center line:74% position:36% size:73% WOULD NEED TO BE IMPLEMENTED 02:59:14.944 --> 02:59:16.345 align:center line:74% position:31% size:68% AND WE WOULD NEED TO START 02:59:16.345 --> 02:59:17.246 align:center line:74% position:20% size:50% COLLECTING IN 2024. 02:59:17.246 --> 02:59:19.048 align:center line:74% position:36% size:73% AND I'M VERY EXCITED THAT IN 02:59:19.048 --> 02:59:19.982 align:center line:74% position:36% size:73% PARTNERSHIP WITH THE MAYOR'S 02:59:19.982 --> 02:59:23.252 align:center line:74% position:36% size:73% OFFICE, WE ARE CONTINUING TO 02:59:23.252 --> 02:59:24.053 align:center line:74% position:44% size:78% MOVE FORWARD WITH ESTABLISHING 02:59:24.053 --> 02:59:25.221 align:center line:74% position:31% size:68% A PROGRESSIVE REVENUE WORK 02:59:25.221 --> 02:59:27.056 align:center line:74% position:31% size:68% GROUP THAT WILL BE ABLE TO 02:59:27.056 --> 02:59:27.923 align:center line:74% position:29% size:65% IDENTIFY SOLUTIONS FOR US 02:59:27.923 --> 02:59:28.924 align:center line:74% position:36% size:73% THROUGHOUT NEXT YEAR, THAT I 02:59:28.924 --> 02:59:31.494 align:center line:74% position:25% size:60% HOPE WILL BE ABLE TO BE 02:59:31.494 --> 02:59:34.730 align:center line:74% position:50% size:80% IMPLEMENTED IN 2024, THAT WOULD 02:59:34.730 --> 02:59:35.297 align:center line:74% position:29% size:65% ALLOW FOR THE LONGER-TERM 02:59:35.297 --> 02:59:35.598 align:center line:74% position:14% size:28% STABILITY. 02:59:35.598 --> 02:59:37.900 align:center line:74% position:36% size:73% THE SEATTLE WORK GROUP FOR A 02:59:37.900 --> 02:59:39.468 align:center line:74% position:40% size:75% CHANGE, COULD THEN BE USED IN 02:59:39.468 --> 02:59:40.569 align:center line:74% position:17% size:43% 2025 AND BEYOND. 02:59:40.569 --> 02:59:44.039 align:center line:74% position:25% size:60% SO THAT THIS SHORT-TERM 02:59:44.039 --> 02:59:45.474 align:center line:74% position:44% size:78% APPROACH TO JUMP-STARTS HIGHER 02:59:45.474 --> 02:59:46.442 align:center line:74% position:44% size:78% FOR ANTICIPATED REVENUE, WOULD 02:59:46.442 --> 02:59:47.309 align:center line:74% position:40% size:75% BE VERY SHORT-TERM IN NATURE. 02:59:47.309 --> 02:59:50.346 align:center line:74% position:33% size:70% SECOND THING IS, WE WANT TO 02:59:50.346 --> 02:59:51.847 align:center line:74% position:31% size:68% CONTINUE TO SEEK STATE AND 02:59:51.847 --> 02:59:52.414 align:center line:74% position:22% size:55% FEDERAL FUNDS, COUNTY 02:59:52.414 --> 02:59:54.183 align:center line:74% position:31% size:68% PARTNERSHIP IN EVERY PLACE 02:59:54.183 --> 02:59:54.450 align:center line:74% position:13% size:25% POSSIBLE. 02:59:54.450 --> 02:59:57.386 align:center line:74% position:50% size:80% AND WE ARE CONTINUALLY INSPIRED 02:59:57.386 --> 02:59:58.654 align:center line:74% position:31% size:68% BY THE PROGRESSIVE REVENUE 02:59:58.654 --> 02:59:59.488 align:center line:74% position:40% size:75% OPTIONS AND POLICIES THAT ARE 02:59:59.488 --> 03:00:01.123 align:center line:74% position:50% size:80% COMING FROM CONGRESS RIGHT NOW. 03:00:01.123 --> 03:00:01.991 align:center line:74% position:33% size:70% THIS FOLLOWS UP ON AMERICAN 03:00:01.991 --> 03:00:02.324 align:center line:74% position:15% size:35% RESCUE PLAN. 03:00:02.525 --> 03:00:07.062 align:center line:74% position:36% size:73% THE CORONAVIRUS LOCAL RELIEF 03:00:07.062 --> 03:00:07.296 align:center line:74% position:13% size:20% FUNDS. 03:00:07.296 --> 03:00:09.398 align:center line:74% position:40% size:75% THE BIPARTISAN INFRASTRUCTURE 03:00:09.398 --> 03:00:09.598 align:center line:74% position:12% size:15% BILL. 03:00:09.598 --> 03:00:10.633 align:center line:74% position:22% size:55% AND NOW THE INFLATION 03:00:10.633 --> 03:00:11.033 align:center line:74% position:17% size:40% ADJUSTMENT ACT. 03:00:11.033 --> 03:00:14.403 align:center line:74% position:50% size:80% WE ARE GOING TO CONTINUE TO SEE 03:00:14.403 --> 03:00:15.204 align:center line:74% position:50% size:80% POSSIBLE REVENUE STREAMS COMING 03:00:15.204 --> 03:00:15.805 align:center line:74% position:27% size:63% TO OUR STATE AND REGION. 03:00:15.805 --> 03:00:19.241 align:center line:74% position:24% size:58% AND WE WANT TO WORK IN 03:00:19.241 --> 03:00:21.310 align:center line:74% position:31% size:68% PARTNERSHIP WITH THE STATE 03:00:21.310 --> 03:00:22.111 align:center line:74% position:36% size:73% COUNTIES TO BRING ADDITIONAL 03:00:22.111 --> 03:00:23.445 align:center line:74% position:33% size:70% REVENUE TO OFFSET WHERE THE 03:00:23.445 --> 03:00:24.547 align:center line:74% position:29% size:65% CITY MAY HAVE STEPPED UP. 03:00:24.547 --> 03:00:27.183 align:center line:74% position:50% size:80% WHERE DOLLARS ARE NOT AVAILABLE 03:00:27.183 --> 03:00:27.516 align:center line:74% position:14% size:30% FROM THOSE. 03:00:27.516 --> 03:00:30.252 align:center line:74% position:25% size:60% AND THIRD, AS YOU HEARD 03:00:30.252 --> 03:00:32.087 align:center line:74% position:44% size:78% DIRECTOR DINGLEY NOTE, IN THIS 03:00:32.087 --> 03:00:33.289 align:center line:74% position:40% size:75% MEETING AND PREVIOUS MEETING, 03:00:33.289 --> 03:00:34.423 align:center line:74% position:44% size:78% THERE ARE SYSTEMIC ISSUES THAT 03:00:34.423 --> 03:00:37.426 align:center line:74% position:29% size:65% THE CITY BUDGET OFFICE IS 03:00:37.426 --> 03:00:40.196 align:center line:74% position:33% size:70% COMMITTED TO ADDRESSING, TO 03:00:40.196 --> 03:00:41.997 align:center line:74% position:50% size:80% MAKE SURE THAT WE ARE IMPROVING 03:00:41.997 --> 03:00:43.232 align:center line:74% position:50% size:80% OUR BUDGET BASELINE ASSUMPTION, 03:00:43.232 --> 03:00:46.368 align:center line:74% position:40% size:75% SO THAT EVERY YEAR, WE DO NOT 03:00:46.368 --> 03:00:47.469 align:center line:74% position:22% size:55% HAVE DOLLARS GOING TO 03:00:47.469 --> 03:00:49.471 align:center line:74% position:40% size:75% DEPARTMENT FOR POSITIONS THAT 03:00:49.471 --> 03:00:50.005 align:center line:74% position:14% size:30% ARE VACANT. 03:00:50.005 --> 03:00:53.042 align:center line:74% position:25% size:60% WE CANNOT RELY ON USING 03:00:53.042 --> 03:00:54.410 align:center line:74% position:36% size:73% UNDERSPEND FROM ONE CALENDAR 03:00:54.410 --> 03:00:55.911 align:center line:74% position:27% size:63% YEAR TO BE PAID FOR NEXT 03:00:55.911 --> 03:00:56.645 align:center line:74% position:25% size:60% CALENDAR YEAR'S BUDGET. 03:00:56.645 --> 03:00:59.248 align:center line:74% position:33% size:70% THAT IS NOT SUSTAINABLE AND 03:00:59.248 --> 03:01:01.784 align:center line:74% position:50% size:80% DIRECTOR DINGLEY HAS TAKEN THAT 03:01:01.784 --> 03:01:04.220 align:center line:74% position:50% size:80% ISSUE HEAD-ON AND IS WORKING ON 03:01:04.220 --> 03:01:06.155 align:center line:74% position:36% size:73% POLICIES IN THE CITY SO THAT 03:01:06.155 --> 03:01:07.489 align:center line:74% position:36% size:73% EACH DEPARTMENT HAS REALTIME 03:01:07.489 --> 03:01:08.224 align:center line:74% position:33% size:70% BUDGETING INFORMATION GOING 03:01:08.224 --> 03:01:08.757 align:center line:74% position:27% size:63% FORWARD AFTER THIS YEAR. 03:01:08.757 --> 03:01:10.159 align:center line:74% position:18% size:45% I APPRECIATE THAT. 03:01:10.292 --> 03:01:12.328 align:center line:74% position:33% size:70% AND COLLEAGUES, LASTLY, I'D 03:01:12.328 --> 03:01:14.430 align:center line:74% position:25% size:60% LIKE TO SIGNAL THAT THE 03:01:14.430 --> 03:01:15.397 align:center line:74% position:36% size:73% SCENARIO THAT I'M ASKING THE 03:01:15.397 --> 03:01:16.966 align:center line:74% position:33% size:70% CITY, CENTRAL STAFF TO WALK 03:01:16.966 --> 03:01:19.001 align:center line:74% position:40% size:75% THROUGH IS A POLICY PACK THAT 03:01:19.001 --> 03:01:19.635 align:center line:74% position:24% size:58% WE'RE EXPLORING AGAIN. 03:01:19.635 --> 03:01:23.572 align:center line:74% position:50% size:80% EXPLORING FOR THE 2023 AND 2024 03:01:23.572 --> 03:01:24.740 align:center line:74% position:24% size:58% BUDGET SHORTFALL ONLY. 03:01:24.740 --> 03:01:25.674 align:center line:74% position:31% size:68% IT IS SHORT-TERM, ONE-TIME 03:01:25.674 --> 03:01:27.543 align:center line:74% position:21% size:53% SOLUTION IN NATURE. 03:01:27.543 --> 03:01:30.279 align:center line:74% position:50% size:80% ALLOWING FOR US TO MAINTAIN OUR 03:01:30.279 --> 03:01:32.281 align:center line:74% position:50% size:80% SPENDING AS ORIGINALLY INTENDED 03:01:32.281 --> 03:01:34.083 align:center line:74% position:29% size:65% IN THE 2020 SPEND PLAN AS 03:01:34.083 --> 03:01:34.350 align:center line:74% position:13% size:25% CODIFIED. 03:01:34.350 --> 03:01:37.319 align:center line:74% position:40% size:75% AND ALLOWS FOR US TO MAINTAIN 03:01:37.319 --> 03:01:38.721 align:center line:74% position:40% size:75% THE FULL AMOUNTS ASSUMED INTO 03:01:38.721 --> 03:01:39.121 align:center line:74% position:18% size:45% THOSE CATEGORIES. 03:01:39.121 --> 03:01:42.725 align:center line:74% position:50% size:80% STILL ALLOWS FOR AN INCREASE OF 03:01:42.725 --> 03:01:43.125 align:center line:74% position:17% size:43% 42% FOR EXAMPLE. 03:01:43.125 --> 03:01:43.492 align:center line:74% position:14% size:30% IN HOUSING. 03:01:43.492 --> 03:01:48.297 align:center line:74% position:36% size:73% AND IT DOES NOT RELY ONLY ON 03:01:48.297 --> 03:01:49.164 align:center line:74% position:25% size:60% JUMP-START TO SOLVE THE 03:01:49.164 --> 03:01:49.565 align:center line:74% position:17% size:40% SYSTEMIC ISSUE. 03:01:49.565 --> 03:01:51.567 align:center line:74% position:36% size:73% IT ALLOWS FOR US TO BUILD IN 03:01:51.567 --> 03:01:53.903 align:center line:74% position:31% size:68% PROGRESSIVE REVENUE IN THE 03:01:53.903 --> 03:01:54.136 align:center line:74% position:13% size:20% FUTURE. 03:01:54.136 --> 03:01:56.505 align:center line:74% position:50% size:80% AND IF WE OVER-RELIED, FRANKLY, 03:01:56.505 --> 03:01:58.540 align:center line:74% position:33% size:70% ON JUMP-START NOW, WE WOULD 03:01:58.540 --> 03:02:00.709 align:center line:74% position:50% size:80% HAVE AN UNSUSTAINABLE BUDGET IF 03:02:00.709 --> 03:02:02.478 align:center line:74% position:44% size:78% THE REVENUE FORECAST CONTINUES 03:02:02.478 --> 03:02:04.146 align:center line:74% position:33% size:70% TO DECREASE IN THE NOVEMBER 03:02:04.146 --> 03:02:05.080 align:center line:74% position:40% size:75% FORECAST WE WILL RECEIVE THIS 03:02:05.080 --> 03:02:05.848 align:center line:74% position:27% size:63% YEAR OR IN FUTURE YEARS. 03:02:05.848 --> 03:02:08.584 align:center line:74% position:40% size:75% SO THIS IS NOT ONLY THE SMART 03:02:08.584 --> 03:02:11.020 align:center line:74% position:29% size:65% THING TO BE ABLE TO DO TO 03:02:11.020 --> 03:02:14.056 align:center line:74% position:44% size:78% START, TO BE ABLE TO WARD OFF 03:02:14.056 --> 03:02:17.760 align:center line:74% position:40% size:75% AUSTERITY, TO BE ABLE TO MAKE 03:02:17.760 --> 03:02:20.930 align:center line:74% position:44% size:78% THE INVESTMENTS, AND LITERALLY 03:02:20.930 --> 03:02:23.299 align:center line:74% position:31% size:68% JUMP-START OUR ECONOMY AND 03:02:23.299 --> 03:02:23.933 align:center line:74% position:50% size:80% HOUSING AND EQUITABLE RECOVERY. 03:02:23.933 --> 03:02:26.068 align:center line:74% position:44% size:78% BUT ALSO ALLOWS FOR US TO MOVE 03:02:26.068 --> 03:02:29.338 align:center line:74% position:50% size:80% FORWARD WITH INVESTMENTS IN OUR 03:02:29.338 --> 03:02:29.872 align:center line:74% position:27% size:63% CORE, THE CITY SERVICES. 03:02:29.872 --> 03:02:31.473 align:center line:74% position:31% size:68% AND VULNERABLE POPULATIONS. 03:02:31.607 --> 03:02:33.242 align:center line:74% position:29% size:65% THAT JUMP-START INITIALLY 03:02:33.242 --> 03:02:35.311 align:center line:74% position:36% size:73% INTENDED TO PROTECT AS WELL. 03:02:35.311 --> 03:02:36.745 align:center line:74% position:22% size:55% BY PREVENTING AGAINST 03:02:36.745 --> 03:02:37.046 align:center line:74% position:14% size:28% AUSTERITY. 03:02:37.046 --> 03:02:40.382 align:center line:74% position:31% size:68% SO AS YOU KNOW, I DON'T DO 03:02:40.382 --> 03:02:42.518 align:center line:74% position:40% size:75% ANYTHING OUT HERE ON THE DIAS 03:02:42.518 --> 03:02:43.852 align:center line:74% position:29% size:65% IN DEVELOPMENT ON POLICY, 03:02:43.852 --> 03:02:44.953 align:center line:74% position:24% size:58% WITHOUT TALKING TO KEY 03:02:44.953 --> 03:02:45.321 align:center line:74% position:16% size:38% STAKEHOLDERS. 03:02:45.321 --> 03:02:47.890 align:center line:74% position:36% size:73% AND WE HAD A LARGE NUMBER OF 03:02:47.890 --> 03:02:50.592 align:center line:74% position:50% size:80% ORGANIZATIONS THAT WERE PART OF 03:02:50.592 --> 03:02:52.461 align:center line:74% position:40% size:75% BUILDING THE TAX PROPOSAL AND 03:02:52.461 --> 03:02:54.296 align:center line:74% position:29% size:65% JUMP-START, ALONG WITH MY 03:02:54.296 --> 03:02:54.797 align:center line:74% position:25% size:60% COUNCIL COLLEAGUES, WHO 03:02:54.797 --> 03:02:55.397 align:center line:74% position:40% size:75% COSPONSORED THE LEGISLATION. 03:02:55.531 --> 03:02:58.968 align:center line:74% position:50% size:80% I HAVE REACHED BACK OUT TO SOME 03:02:58.968 --> 03:03:02.304 align:center line:74% position:50% size:80% OF THOSE STAKEHOLDERS THAT WERE 03:03:02.304 --> 03:03:03.472 align:center line:74% position:50% size:80% PART OF OUR INITIAL, CONCEPTUAL 03:03:03.472 --> 03:03:04.673 align:center line:74% position:31% size:68% TAX DISCUSSION, AND TALKED 03:03:04.673 --> 03:03:07.242 align:center line:74% position:27% size:63% ABOUT THE OPPORTUNITY TO 03:03:07.242 --> 03:03:10.879 align:center line:74% position:40% size:75% MAINTAIN THE 2020 SPEND PLAN, 03:03:10.879 --> 03:03:11.647 align:center line:74% position:29% size:65% AS CODIFIED INTO STATUTE. 03:03:11.647 --> 03:03:13.248 align:center line:74% position:33% size:70% SHORT-TERM SOLUTION FOR THE 03:03:13.248 --> 03:03:13.916 align:center line:74% position:17% size:40% NEXT TWO YEARS. 03:03:13.916 --> 03:03:16.151 align:center line:74% position:33% size:70% RELY ON PROGRESSIVE REVENUE 03:03:16.151 --> 03:03:16.518 align:center line:74% position:16% size:38% GOING FORWARD. 03:03:16.518 --> 03:03:20.422 align:center line:74% position:33% size:70% AND CLEAR SIDEBOARDS ON HOW 03:03:20.422 --> 03:03:21.457 align:center line:74% position:44% size:78% JUMP STARTS INTEGRITY WOULD BE 03:03:21.457 --> 03:03:21.757 align:center line:74% position:14% size:30% MAINTAINED. 03:03:21.757 --> 03:03:23.258 align:center line:74% position:36% size:73% AND I REALLY APPRECIATE THAT 03:03:23.258 --> 03:03:24.560 align:center line:74% position:27% size:63% I'VE RECEIVED A POSITIVE 03:03:24.560 --> 03:03:25.227 align:center line:74% position:22% size:55% MESSAGE BACK FROM THE 03:03:25.227 --> 03:03:27.963 align:center line:74% position:33% size:70% WASHINGTON STATE BUDGET AND 03:03:27.963 --> 03:03:29.531 align:center line:74% position:24% size:58% POLICY CENTER, WORKING 03:03:29.531 --> 03:03:30.065 align:center line:74% position:27% size:63% WASHINGTON, 350 SEATTLE. 03:03:30.065 --> 03:03:35.004 align:center line:74% position:25% size:60% THE SEATTLE KING COUNTY 03:03:35.004 --> 03:03:36.004 align:center line:74% position:31% size:68% COALITION ON HOMELESSNESS, 03:03:36.004 --> 03:03:36.605 align:center line:74% position:36% size:73% SCIU925, TEAMSTERS 117 AND A 03:03:36.605 --> 03:03:39.375 align:center line:74% position:40% size:75% NUMBER OF INDIVIDUALS WHO ARE 03:03:39.375 --> 03:03:41.043 align:center line:74% position:40% size:75% STILL HAVING CONVERSATIONS IN 03:03:41.043 --> 03:03:42.277 align:center line:74% position:27% size:63% COMMUNITY, BUT VERY MUCH 03:03:42.277 --> 03:03:44.113 align:center line:74% position:40% size:75% STRONGLY SUPPORT THE APPROACH 03:03:44.113 --> 03:03:44.947 align:center line:74% position:33% size:70% OF MAINTAINING JUMP START'S 03:03:44.947 --> 03:03:45.247 align:center line:74% position:14% size:28% INTEGRITY. 03:03:45.247 --> 03:03:49.885 align:center line:74% position:33% size:70% NAY WROTE ME A COMMENT THAT 03:03:49.885 --> 03:03:53.522 align:center line:74% position:40% size:75% SAID, WE WORKED TIRELESSLY IN 03:03:53.522 --> 03:03:54.456 align:center line:74% position:27% size:63% 2020, WITH COUNCILMEMBER 03:03:54.456 --> 03:03:55.357 align:center line:74% position:40% size:75% MOSQUEDA AND OTHER COLLEAGUES 03:03:55.357 --> 03:03:56.258 align:center line:74% position:24% size:58% SPONSORING JUMP-START. 03:03:56.258 --> 03:03:59.461 align:center line:74% position:44% size:78% TO BUILD THIS ROBUST COMMUNITY 03:03:59.461 --> 03:04:00.629 align:center line:74% position:50% size:80% SUPPORT FOR AGGRESSIVE REVENUE, 03:04:00.629 --> 03:04:02.798 align:center line:74% position:36% size:73% TO ADDRESS THE CHALLENGES OF 03:04:02.798 --> 03:04:04.032 align:center line:74% position:36% size:73% COVID, BULL ALSO THE CHRONIC 03:04:04.032 --> 03:04:05.601 align:center line:74% position:29% size:65% NEED FOR MORE PROGRESSIVE 03:04:05.601 --> 03:04:05.868 align:center line:74% position:13% size:23% FUNDING. 03:04:05.868 --> 03:04:09.071 align:center line:74% position:50% size:80% WE DEVELOPED THE SPEND PLAN AND 03:04:09.071 --> 03:04:10.572 align:center line:74% position:44% size:78% CONSULTATION WITH COMMUNITIES, 03:04:10.572 --> 03:04:11.306 align:center line:74% position:27% size:63% BUSINESSES AND NONPROFIT 03:04:11.306 --> 03:04:11.840 align:center line:74% position:29% size:65% ORGANIZATIONS AND SERVICE 03:04:11.840 --> 03:04:12.741 align:center line:74% position:31% size:68% PROVIDERS AND RESIDENTS OF 03:04:12.741 --> 03:04:13.008 align:center line:74% position:13% size:23% SEATTLE. 03:04:13.008 --> 03:04:16.445 align:center line:74% position:44% size:78% AND THEY SAID, GIVEN THAT JUMP- 03:04:16.445 --> 03:04:18.080 align:center line:74% position:33% size:70% START IS PROJECTED TO RAISE 03:04:18.080 --> 03:04:19.782 align:center line:74% position:33% size:70% ABOVE WHAT WAS ESTIMATED IN 03:04:19.782 --> 03:04:19.982 align:center line:74% position:12% size:15% 2020. 03:04:19.982 --> 03:04:23.819 align:center line:74% position:50% size:80% WE SUPPORT THE REQUESTS MADE OF 03:04:23.819 --> 03:04:24.186 align:center line:74% position:16% size:38% CENTRAL STAFF. 03:04:24.186 --> 03:04:26.455 align:center line:74% position:44% size:78% FOR CENTRAL STAFF TO LOOK AT A 03:04:26.455 --> 03:04:29.591 align:center line:74% position:44% size:78% SCENARIO THAT ALLOWS FOR US TO 03:04:29.591 --> 03:04:31.460 align:center line:74% position:50% size:80% TEMPORARILY ADDRESS THE SEATTLE 03:04:31.460 --> 03:04:34.730 align:center line:74% position:36% size:73% BUDGET SHORTFALL IN 2023 AND 03:04:34.730 --> 03:04:35.297 align:center line:74% position:33% size:70% 2024 ONLY, WITH EXCESS JUMP- 03:04:35.297 --> 03:04:36.899 align:center line:74% position:36% size:73% START REVENUE, GOING TO CORE 03:04:36.899 --> 03:04:39.368 align:center line:74% position:50% size:80% GOVERNMENT SERVICES TO CREATE A 03:04:39.368 --> 03:04:39.902 align:center line:74% position:25% size:60% MORE EQUITABLE SEATTLE. 03:04:39.902 --> 03:04:41.003 align:center line:74% position:31% size:68% THEY SAID, LET'S BE CLEAR. 03:04:41.003 --> 03:04:42.805 align:center line:74% position:33% size:70% THIS MEANS WE WANT THE FULL 03:04:42.805 --> 03:04:44.973 align:center line:74% position:31% size:68% PROMISE OF FUNDING AND THE 03:04:44.973 --> 03:04:46.308 align:center line:74% position:44% size:78% COMMITMENTS AS OUTLINED IN THE 03:04:46.308 --> 03:04:48.444 align:center line:74% position:29% size:65% SPENDING CATEGORIES TO BE 03:04:48.444 --> 03:04:52.614 align:center line:74% position:36% size:73% MAINTAINED AND ADHERED TO AS 03:04:52.614 --> 03:04:53.048 align:center line:74% position:20% size:50% ENVISIONED IN 2020. 03:04:53.048 --> 03:04:54.450 align:center line:74% position:24% size:58% IT'S UNACCEPTABLE THAT 03:04:54.450 --> 03:04:55.284 align:center line:74% position:33% size:70% COMMUNITIES HAVE WAITED FOR 03:04:55.284 --> 03:04:55.918 align:center line:74% position:17% size:43% CLIMATE HOUSING. 03:04:55.918 --> 03:04:58.654 align:center line:74% position:33% size:70% AND WE RECOGNIZED THAT JUMP 03:04:58.654 --> 03:04:59.288 align:center line:74% position:44% size:78% STARTS HIGHER THAN ANTICIPATED 03:04:59.288 --> 03:05:02.157 align:center line:74% position:36% size:73% RETURNS AND ITS SUCCESS IS A 03:05:02.157 --> 03:05:04.393 align:center line:74% position:31% size:68% WAY TO TEMPORARILY SUPPORT 03:05:04.393 --> 03:05:05.894 align:center line:74% position:25% size:60% EXISTING PROGRAMS WHILE 03:05:05.894 --> 03:05:07.196 align:center line:74% position:50% size:80% MAINTAINING THE COMMITMENT THAT 03:05:07.196 --> 03:05:08.163 align:center line:74% position:22% size:55% JUMP START ORIGINALLY 03:05:08.163 --> 03:05:10.065 align:center line:74% position:40% size:75% ENVISIONED FOR ITS SPEND PLAN 03:05:10.065 --> 03:05:10.399 align:center line:74% position:15% size:33% AS CODIFIED. 03:05:10.399 --> 03:05:11.467 align:center line:74% position:31% size:68% SO I REALLY APPRECIATE THE 03:05:11.467 --> 03:05:13.202 align:center line:74% position:44% size:78% SUPPORT FROM SOME OF THE FOLKS 03:05:13.202 --> 03:05:15.170 align:center line:74% position:44% size:78% WHO ARE CORE TO DEVELOPING THE 03:05:15.170 --> 03:05:15.471 align:center line:74% position:14% size:30% SPEND PLAN. 03:05:15.471 --> 03:05:17.739 align:center line:74% position:27% size:63% AND WE WILL MAINTAIN THE 03:05:17.739 --> 03:05:18.774 align:center line:74% position:40% size:75% INTEGRITY OF THAT SPEND PLAN, 03:05:18.774 --> 03:05:21.043 align:center line:74% position:27% size:63% WHILE LOOKING AT WAYS TO 03:05:21.043 --> 03:05:23.479 align:center line:74% position:40% size:75% PROVIDE INITIAL RELIEF TO THE 03:05:23.479 --> 03:05:23.745 align:center line:74% position:13% size:23% BUDGET. 03:05:23.745 --> 03:05:25.047 align:center line:74% position:27% size:63% COUNCILMEMBER HERBOLD, I 03:05:25.047 --> 03:05:26.114 align:center line:74% position:31% size:68% BELIEVE THERE'S JUST THREE 03:05:26.114 --> 03:05:26.348 align:center line:74% position:13% size:20% SLIDES. 03:05:26.348 --> 03:05:27.816 align:center line:74% position:33% size:70% IF CENTRAL STAFF COULD WALK 03:05:27.816 --> 03:05:29.751 align:center line:74% position:50% size:80% THROUGH THOSE BRIEFLY, AND THEN 03:05:29.751 --> 03:05:31.887 align:center line:74% position:33% size:70% WE COULD TAKE ALL QUESTIONS 03:05:31.887 --> 03:05:32.387 align:center line:74% position:13% size:25% TOGETHER. 03:05:32.387 --> 03:05:32.588 align:center line:74% position:11% size:13% OKAY. 03:05:32.588 --> 03:05:35.257 align:center line:74% position:44% size:78% CENTRAL STAFF, PLEASE GO AHEAD 03:05:35.257 --> 03:05:37.759 align:center line:74% position:29% size:65% AND WALK US THROUGH THOSE 03:05:37.759 --> 03:05:38.694 align:center line:74% position:44% size:78% OUTLINES THAT I JUST COMMENTED 03:05:38.694 --> 03:05:38.861 align:center line:74% position:11% size:10% ON. 03:05:38.861 --> 03:05:40.796 align:center line:74% position:33% size:70% >> THIS IS WHERE I SHARE MY 03:05:40.796 --> 03:05:41.129 align:center line:74% position:15% size:35% SCREEN AGAIN. 03:05:41.129 --> 03:05:42.564 align:center line:74% position:31% size:68% AND TRY TO LEAVE IT ON THE 03:05:42.564 --> 03:05:43.265 align:center line:74% position:18% size:45% SCREEN THIS TIME. 03:05:43.265 --> 03:05:46.969 align:center line:74% position:22% size:55% SO THANK YOU FOR THAT 03:05:46.969 --> 03:05:47.669 align:center line:74% position:50% size:80% INTRODUCTION, AS CHAIR MOSQUEDA 03:05:47.669 --> 03:05:47.970 align:center line:74% position:14% size:28% DESCRIBED. 03:05:47.970 --> 03:05:51.540 align:center line:74% position:31% size:68% WE WERE ASKED TO PREPARE A 03:05:51.540 --> 03:05:52.908 align:center line:74% position:44% size:78% SCENARIO THAT AVOIDS AUSTERITY 03:05:52.908 --> 03:05:55.511 align:center line:74% position:40% size:75% AND PRESERVES THE COMMITMENTS 03:05:55.511 --> 03:05:57.713 align:center line:74% position:36% size:73% MADE IN 2020 AND AFFIRMED IN 03:05:57.713 --> 03:06:01.016 align:center line:74% position:44% size:78% 2021 BY THE COUNCIL ON HOW THE 03:06:01.016 --> 03:06:03.352 align:center line:74% position:44% size:78% JUMP-START TAX REVENUES SHOULD 03:06:03.352 --> 03:06:03.685 align:center line:74% position:15% size:35% BE ALLOCATED. 03:06:03.685 --> 03:06:06.788 align:center line:74% position:36% size:73% SO WHAT WE PREPARED FOR YOUR 03:06:06.788 --> 03:06:08.223 align:center line:74% position:25% size:60% CONSIDERATION TODAY, AS 03:06:08.223 --> 03:06:09.758 align:center line:74% position:44% size:78% GUIDANCE FOR THE EXECUTIVE AND 03:06:09.758 --> 03:06:11.493 align:center line:74% position:29% size:65% DIRECTOR DINGLEY, AS THEY 03:06:11.493 --> 03:06:13.095 align:center line:74% position:36% size:73% PREPARED THE PROPOSED BUDGET 03:06:13.095 --> 03:06:15.264 align:center line:74% position:31% size:68% AND CONSIDER THE DECISIONS 03:06:15.264 --> 03:06:17.399 align:center line:74% position:50% size:80% AHEAD, IS A PROPOSAL THAT WOULD 03:06:17.399 --> 03:06:18.901 align:center line:74% position:50% size:80% ALLOW SOME AMOUNT OF JUMP START 03:06:18.901 --> 03:06:21.003 align:center line:74% position:33% size:70% FUND TO CONTINUE TO PROVIDE 03:06:21.003 --> 03:06:22.971 align:center line:74% position:44% size:78% CONTINUITY OF CITY SERVICES IN 03:06:22.971 --> 03:06:23.472 align:center line:74% position:17% size:40% 2023 AND 2024. 03:06:23.605 --> 03:06:28.410 align:center line:74% position:25% size:60% AND THE AMOUNT WOULD BE 03:06:28.410 --> 03:06:29.811 align:center line:74% position:44% size:78% CALCULATED BASED ON TAKING THE 03:06:29.811 --> 03:06:32.181 align:center line:74% position:50% size:80% REVENUE ESTIMATES WE WERE USING 03:06:32.181 --> 03:06:32.981 align:center line:74% position:27% size:63% WHEN DEVELOPING THE 2020 03:06:32.981 --> 03:06:35.150 align:center line:74% position:44% size:78% SPENDING PLAN FOR JUMP START. 03:06:35.150 --> 03:06:38.220 align:center line:74% position:44% size:78% AND THEN COMPARING THAT TO THE 03:06:38.220 --> 03:06:38.754 align:center line:74% position:18% size:45% CURRENT FORECAST. 03:06:38.754 --> 03:06:40.355 align:center line:74% position:36% size:73% THE DIFFERENCE BETWEEN THOSE 03:06:40.355 --> 03:06:42.357 align:center line:74% position:36% size:73% NUMBERS WOULD BE THE MAXIMUM 03:06:42.357 --> 03:06:43.225 align:center line:74% position:36% size:73% AMOUNT OF JUMP-START REVENUE 03:06:43.225 --> 03:06:47.462 align:center line:74% position:36% size:73% THAT COULD BE TRANSFERRED TO 03:06:47.462 --> 03:06:49.698 align:center line:74% position:36% size:73% THE GENERAL FUND TO MAINTAIN 03:06:49.698 --> 03:06:50.799 align:center line:74% position:17% size:40% CITY SERVICES. 03:06:50.799 --> 03:06:53.902 align:center line:74% position:27% size:63% IT WOULD BE A SHORT-TERM 03:06:53.902 --> 03:06:55.337 align:center line:74% position:31% size:68% ALLOWANCE, AND IT WOULD BE 03:06:55.337 --> 03:06:56.772 align:center line:74% position:50% size:80% IMPORTANT IN THIS PROPOSAL THAT 03:06:56.772 --> 03:06:59.007 align:center line:74% position:44% size:78% THE POLICIES WERE CRAFTED IN A 03:06:59.007 --> 03:07:02.010 align:center line:74% position:44% size:78% WAY THAT WOULD ONLY ALLOW THAT 03:07:02.010 --> 03:07:03.011 align:center line:74% position:29% size:65% TRANSFER, IF GENERAL FUND 03:07:03.011 --> 03:07:03.645 align:center line:74% position:25% size:60% REVENUES CONTINUE TO BE 03:07:03.645 --> 03:07:06.415 align:center line:74% position:29% size:65% PROJECTED TO BE LESS THAN 03:07:06.415 --> 03:07:07.316 align:center line:74% position:25% size:60% EXPECTED, OR EXCUSE ME, 03:07:07.316 --> 03:07:07.816 align:center line:74% position:25% size:60% PROJECTED EXPENDITURES. 03:07:07.816 --> 03:07:11.486 align:center line:74% position:40% size:75% AND THEN ALSO REQUIRE THAT AS 03:07:11.486 --> 03:07:12.821 align:center line:74% position:44% size:78% WE GET FUTURE REVENUE UPDATES, 03:07:12.821 --> 03:07:14.456 align:center line:74% position:36% size:73% IF CONDITIONS IMPROVE IN THE 03:07:14.456 --> 03:07:16.525 align:center line:74% position:33% size:70% GENERAL FUND IN THE CURRENT 03:07:16.525 --> 03:07:17.125 align:center line:74% position:40% size:75% YEAR, FORECASTS IMPROVE, THAT 03:07:17.125 --> 03:07:20.329 align:center line:74% position:36% size:73% THE JUMP-START FUND WOULD BE 03:07:20.329 --> 03:07:23.098 align:center line:74% position:29% size:65% PAID BACK FIRST, PRIOR TO 03:07:23.098 --> 03:07:25.701 align:center line:74% position:44% size:78% AUTHORIZING ADDITIONAL GENERAL 03:07:25.701 --> 03:07:26.134 align:center line:74% position:19% size:48% FUND EXPENDITURES. 03:07:26.134 --> 03:07:29.571 align:center line:74% position:36% size:73% SO AS SHOWN AT THE TIME, THE 03:07:29.571 --> 03:07:32.874 align:center line:74% position:36% size:73% JUMP START SPENDING PLAN AND 03:07:32.874 --> 03:07:35.477 align:center line:74% position:29% size:65% TAX WAS AUTHORIZED BY THE 03:07:35.477 --> 03:07:36.411 align:center line:74% position:17% size:43% COUNCIL IN 2020. 03:07:36.411 --> 03:07:39.948 align:center line:74% position:31% size:68% WE AUTHORIZE IN JUMP START 03:07:39.948 --> 03:07:40.215 align:center line:74% position:13% size:23% REVENUE. 03:07:40.215 --> 03:07:43.151 align:center line:74% position:29% size:65% AND $227 MILLION IN 2024. 03:07:43.151 --> 03:07:46.254 align:center line:74% position:36% size:73% REVENUES ARE CURRENTLY ABOUT 03:07:46.254 --> 03:07:48.023 align:center line:74% position:44% size:78% 30% HIGHER, 30% OR MORE HIGHER 03:07:48.023 --> 03:07:48.390 align:center line:74% position:17% size:40% THAN ESTIMATES. 03:07:48.390 --> 03:07:52.027 align:center line:74% position:29% size:65% THIS MEANS THE CITY COULD 03:07:52.027 --> 03:07:53.629 align:center line:74% position:33% size:70% INVEST THE FULL AMOUNT, THE 03:07:53.629 --> 03:07:55.530 align:center line:74% position:31% size:68% $223 MILLION AS ORIGINALLY 03:07:55.530 --> 03:07:56.198 align:center line:74% position:19% size:48% COMMITTED IN 2023. 03:07:56.198 --> 03:07:58.934 align:center line:74% position:25% size:60% AND 71 MILLION WOULD BE 03:07:58.934 --> 03:07:59.668 align:center line:74% position:50% size:80% TRANSFERRED TO THE GENERAL FUND 03:07:59.668 --> 03:08:00.035 align:center line:74% position:13% size:23% IN 2023. 03:08:00.035 --> 03:08:01.737 align:center line:74% position:27% size:63% >> THIS NEXT SLIDE IS AN 03:08:01.737 --> 03:08:05.807 align:center line:74% position:44% size:78% EXAMPLE OF HOW THAT WOULD PLAY 03:08:05.807 --> 03:08:07.242 align:center line:74% position:50% size:80% OUT FOR THE JUMP START SPENDING 03:08:07.242 --> 03:08:07.442 align:center line:74% position:12% size:15% PLAN. 03:08:07.442 --> 03:08:10.946 align:center line:74% position:31% size:68% AS SHOWN ON THIS TABLE, IN 03:08:10.946 --> 03:08:14.816 align:center line:74% position:33% size:70% 2023, YOU COULD INVEST THAT 03:08:14.816 --> 03:08:17.452 align:center line:74% position:50% size:80% FULL $223 MILLION IN JUMP-START 03:08:17.452 --> 03:08:19.321 align:center line:74% position:36% size:73% FUND CATEGORIES AND TRANSFER 03:08:19.321 --> 03:08:21.123 align:center line:74% position:31% size:68% $71 MILLION TO THE GENERAL 03:08:21.123 --> 03:08:21.323 align:center line:74% position:12% size:15% FUND. 03:08:21.323 --> 03:08:23.291 align:center line:74% position:21% size:53% THIS WOULD ALLOW FOR 03:08:23.291 --> 03:08:26.061 align:center line:74% position:33% size:70% SIGNIFICANT INCREASE IN THE 03:08:26.061 --> 03:08:26.795 align:center line:74% position:44% size:78% JUMP-START SPENDING CATEGORIES 03:08:26.795 --> 03:08:30.432 align:center line:74% position:40% size:75% FOR 2023, OR ABOUT ALMOST 40% 03:08:30.432 --> 03:08:32.234 align:center line:74% position:25% size:60% OR OVER 40%, AS WELL AS 03:08:32.234 --> 03:08:33.101 align:center line:74% position:40% size:75% PROVIDING THAT SUPPORT TO THE 03:08:33.101 --> 03:08:33.435 align:center line:74% position:15% size:35% GENERAL FUND. 03:08:33.435 --> 03:08:35.337 align:center line:74% position:50% size:80% IN ADDITION, YOU'LL SEE THAT WE 03:08:35.337 --> 03:08:37.105 align:center line:74% position:40% size:75% ARE SHOWING SOME FUND BALANCE 03:08:37.105 --> 03:08:37.639 align:center line:74% position:16% size:38% IN THIS TABLE. 03:08:37.639 --> 03:08:40.275 align:center line:74% position:40% size:75% THAT IS REFLECTING THE AMOUNT 03:08:40.275 --> 03:08:42.878 align:center line:74% position:40% size:75% OF JUMP START REVENUE THAT IS 03:08:42.878 --> 03:08:44.279 align:center line:74% position:50% size:80% PROJECTED TO COME IN, IN 2022. 03:08:44.279 --> 03:08:46.948 align:center line:74% position:31% size:68% BUT IS HIGHER THAN WHAT WE 03:08:46.948 --> 03:08:49.918 align:center line:74% position:50% size:80% BUDGETED IN THE ADOPT -- IN THE 03:08:49.918 --> 03:08:51.953 align:center line:74% position:21% size:53% 2022 ADOPTED BUDGET. 03:08:51.953 --> 03:08:55.223 align:center line:74% position:27% size:63% AND PER DIRECTOR NOBLE'S 03:08:55.223 --> 03:08:57.959 align:center line:74% position:50% size:80% PRESENTATION, GIVEN SOME OF THE 03:08:57.959 --> 03:08:58.627 align:center line:74% position:40% size:75% UNCERTAINTY ABOUT PAYROLL TAX 03:08:58.627 --> 03:09:00.762 align:center line:74% position:33% size:70% REVENUES AND THE NEWNESS OF 03:09:00.762 --> 03:09:03.198 align:center line:74% position:50% size:80% THAT TAX, CENTRAL STAFF WILL BE 03:09:03.198 --> 03:09:05.167 align:center line:74% position:29% size:65% PROVIDING SOME OPTIONS TO 03:09:05.167 --> 03:09:07.335 align:center line:74% position:50% size:80% CREATE A RESERVE TO ENSURE SOME 03:09:07.335 --> 03:09:08.537 align:center line:74% position:33% size:70% STABILITY IN THE JUMP START 03:09:08.537 --> 03:09:09.805 align:center line:74% position:50% size:80% FUND, AS WELL AS PROVIDING THAT 03:09:09.805 --> 03:09:11.473 align:center line:74% position:50% size:80% STABILITY TO THE GENERAL FUND. 03:09:11.673 --> 03:09:16.411 align:center line:74% position:44% size:78% AND THIS FINAL SLIDE SHOWS THE 03:09:16.411 --> 03:09:18.447 align:center line:74% position:17% size:40% FULL SCENARIO. 03:09:18.647 --> 03:09:23.785 align:center line:74% position:36% size:73% SO THIS IS WHAT IT MEANS FOR 03:09:23.785 --> 03:09:24.286 align:center line:74% position:25% size:60% GENERAL FUND BALANCING. 03:09:24.286 --> 03:09:28.190 align:center line:74% position:40% size:75% SO ALONG WITH THE JUMP START, 03:09:28.190 --> 03:09:30.058 align:center line:74% position:44% size:78% WE INCLUDED MODEST ASSUMPTIONS 03:09:30.058 --> 03:09:31.426 align:center line:74% position:44% size:78% ABOUT 2022 UNDERSPEND OF ABOUT 03:09:31.426 --> 03:09:32.060 align:center line:74% position:15% size:33% $20 MILLION. 03:09:32.060 --> 03:09:34.429 align:center line:74% position:44% size:78% AND AS THIS COMMITTEE HAS BEEN 03:09:34.429 --> 03:09:36.498 align:center line:74% position:36% size:73% ENGAGED IN CONVERSATIONS, WE 03:09:36.498 --> 03:09:38.100 align:center line:74% position:27% size:63% KNOW THAT CURRENTLY, THE 03:09:38.100 --> 03:09:41.002 align:center line:74% position:36% size:73% EXECUTIVE IS LOOKING FOR, IS 03:09:41.002 --> 03:09:41.536 align:center line:74% position:29% size:65% CURRENTLY HOLDING CERTAIN 03:09:41.536 --> 03:09:43.305 align:center line:74% position:22% size:55% EXPENDITURES IN 2022, 03:09:43.305 --> 03:09:43.872 align:center line:74% position:33% size:70% UNDERSTANDING THE PROJECTED 03:09:43.872 --> 03:09:46.108 align:center line:74% position:24% size:58% SHORTFALL IN 2023, AND 03:09:46.108 --> 03:09:46.675 align:center line:74% position:25% size:60% RESERVING SOME OF THOSE 03:09:46.675 --> 03:09:47.509 align:center line:74% position:29% size:65% RESOURCES TO MITIGATE ANY 03:09:47.509 --> 03:09:52.080 align:center line:74% position:50% size:80% REDUCTIONS THAT NEED TO BE MADE 03:09:52.080 --> 03:09:52.714 align:center line:74% position:24% size:58% TO BASIC EXPENDITURES. 03:09:52.714 --> 03:09:56.818 align:center line:74% position:33% size:70% IT ALSO DOES MODEL A MODEST 03:09:56.818 --> 03:09:57.953 align:center line:74% position:27% size:63% SAWMPLEDZ, ABOUT CERTAIN 03:09:57.953 --> 03:09:58.520 align:center line:74% position:33% size:70% BASELINE BUDGET REDUCTIONS, 03:09:58.520 --> 03:10:02.758 align:center line:74% position:44% size:78% LESS THAN 1%, A HALF A PERCENT 03:10:02.758 --> 03:10:04.292 align:center line:74% position:36% size:73% IN 2023, TO HELP BALANCE THE 03:10:04.292 --> 03:10:04.926 align:center line:74% position:13% size:20% BUDGET. 03:10:04.926 --> 03:10:07.496 align:center line:74% position:40% size:75% AND TO ADDRESS THE STRUCTURAL 03:10:07.496 --> 03:10:08.196 align:center line:74% position:27% size:63% DEFICIT IN THE OUTYEARS. 03:10:08.196 --> 03:10:10.832 align:center line:74% position:40% size:75% OF COURSE AS THE CHAIR NOTED, 03:10:10.832 --> 03:10:13.335 align:center line:74% position:44% size:78% WE WOULD NEED TO RELY ON OTHER 03:10:13.335 --> 03:10:17.472 align:center line:74% position:44% size:78% NOTIONS, AND WE WERE CURRENTLY 03:10:17.472 --> 03:10:18.006 align:center line:74% position:19% size:48% ENGAGED IN ONGOING 03:10:18.006 --> 03:10:19.708 align:center line:74% position:50% size:80% CONVERSATIONS WITH OTHER STAFF, 03:10:19.708 --> 03:10:21.343 align:center line:74% position:50% size:80% ON NEW PROGRESSIVE REVENUES, AS 03:10:21.343 --> 03:10:24.312 align:center line:74% position:40% size:75% WELL AS REALLY LOOKING AT OUR 03:10:24.312 --> 03:10:27.115 align:center line:74% position:40% size:75% BASELINE BUDGET EXPENDITURES, 03:10:27.115 --> 03:10:27.883 align:center line:74% position:36% size:73% AND HOW TO REPRIORITIZE CITY 03:10:27.883 --> 03:10:30.118 align:center line:74% position:29% size:65% SPENDING TO MEET THE MOST 03:10:30.118 --> 03:10:30.685 align:center line:74% position:17% size:43% CRITICAL NEEDS. 03:10:30.685 --> 03:10:34.156 align:center line:74% position:40% size:75% SO IN THIS TABLE, THESE THREE 03:10:34.156 --> 03:10:36.892 align:center line:74% position:36% size:73% PURPLE ROWS SHOW THE SORT OF 03:10:36.892 --> 03:10:37.392 align:center line:74% position:24% size:58% DIFFERENCE BETWEEN THE 03:10:37.392 --> 03:10:39.361 align:center line:74% position:25% size:60% FINANCIAL PLAN THAT TOM 03:10:39.361 --> 03:10:40.195 align:center line:74% position:50% size:80% DESCRIBED AND HOW THIS SCENARIO 03:10:40.195 --> 03:10:41.696 align:center line:74% position:18% size:45% WOULD AFFECT IT. 03:10:41.696 --> 03:10:44.599 align:center line:74% position:36% size:73% SO THE FIRST LINE SHOWS THAT 03:10:44.599 --> 03:10:45.867 align:center line:74% position:50% size:80% $20 MILLION UNDERSPEND IN 2022. 03:10:45.867 --> 03:10:49.538 align:center line:74% position:50% size:80% AND THEN THE ASSUMPTION ABOUT A 03:10:49.538 --> 03:10:51.473 align:center line:74% position:27% size:63% HALF A PERCENT, BASELINE 03:10:51.473 --> 03:10:52.140 align:center line:74% position:33% size:70% REDUCTION IN EXPENDITURES. 03:10:52.140 --> 03:10:53.909 align:center line:74% position:33% size:70% IT SHOWS A MAXIMUM TRANSFER 03:10:53.909 --> 03:10:57.813 align:center line:74% position:50% size:80% FROM THE JUMP-START FUND TO THE 03:10:57.813 --> 03:11:00.048 align:center line:74% position:44% size:78% GENERAL FUND OF $71 MILLION IN 03:11:00.048 --> 03:11:02.150 align:center line:74% position:33% size:70% '23 AND $84 MILLION IN '24. 03:11:02.150 --> 03:11:04.853 align:center line:74% position:25% size:60% AND IT ASSUMES SOME NEW 03:11:04.853 --> 03:11:06.688 align:center line:74% position:44% size:78% SPENDING WILL HAVE TO OCCUR IN 03:11:06.688 --> 03:11:06.888 align:center line:74% position:12% size:15% 2023. 03:11:06.888 --> 03:11:09.925 align:center line:74% position:44% size:78% THIS CAN BE SPREAD OUT IN 2023 03:11:09.925 --> 03:11:11.226 align:center line:74% position:40% size:75% AND 2024, ACKNOWLEDGING THERE 03:11:11.226 --> 03:11:13.295 align:center line:74% position:33% size:70% WILL BE SOME COST INCREASES 03:11:13.295 --> 03:11:14.262 align:center line:74% position:40% size:75% THAT ARE UNAVOIDABLE THAT ARE 03:11:14.262 --> 03:11:16.231 align:center line:74% position:27% size:63% NOT YET REFLECTED IN THE 03:11:16.231 --> 03:11:16.631 align:center line:74% position:17% size:43% BASELINE BUDGET. 03:11:16.631 --> 03:11:18.533 align:center line:74% position:27% size:63% AND AGAIN THIS IS JUST A 03:11:18.533 --> 03:11:18.967 align:center line:74% position:13% size:25% SCENARIO. 03:11:18.967 --> 03:11:19.835 align:center line:74% position:24% size:58% WE DON'T HAVE COMPLETE 03:11:19.835 --> 03:11:20.168 align:center line:74% position:15% size:33% INFORMATION. 03:11:20.168 --> 03:11:21.970 align:center line:74% position:31% size:68% THE BUDGET OFFICE IS STILL 03:11:21.970 --> 03:11:22.971 align:center line:74% position:40% size:75% WORKING ON PROPOSALS FROM THE 03:11:22.971 --> 03:11:23.972 align:center line:74% position:44% size:78% DEPARTMENTS AND DECISIONS FROM 03:11:23.972 --> 03:11:24.406 align:center line:74% position:14% size:28% THE MAYOR. 03:11:24.406 --> 03:11:27.542 align:center line:74% position:44% size:78% BUT AS SHOWN IN THIS SCENARIO, 03:11:27.542 --> 03:11:29.945 align:center line:74% position:40% size:75% THIS WOULD MEAN THAT THE JUMP- 03:11:29.945 --> 03:11:30.745 align:center line:74% position:50% size:80% START FUND COULD MAINTAIN THOSE 03:11:30.745 --> 03:11:31.680 align:center line:74% position:18% size:45% 2020 COMMITMENTS. 03:11:31.680 --> 03:11:33.148 align:center line:74% position:44% size:78% CONTRIBUTE TO THE GENERAL FUND 03:11:33.148 --> 03:11:34.115 align:center line:74% position:36% size:73% PICTURE, AND SHOW A BALANCED 03:11:34.115 --> 03:11:36.551 align:center line:74% position:31% size:68% BUDGET AT THE END OF 2024. 03:11:36.551 --> 03:11:39.354 align:center line:74% position:22% size:55% AND WOULD IMPROVE THE 03:11:39.354 --> 03:11:39.821 align:center line:74% position:21% size:53% CONDITIONS FOR 2026. 03:11:39.821 --> 03:11:41.957 align:center line:74% position:25% size:60% AND AS TOM NOTED IN HIS 03:11:41.957 --> 03:11:42.290 align:center line:74% position:15% size:35% PRESENTATION. 03:11:42.290 --> 03:11:45.060 align:center line:74% position:33% size:70% IT IS NOT REQUIRED THAT THE 03:11:45.060 --> 03:11:46.328 align:center line:74% position:44% size:78% FINANCIAL PLAN SHOW A BALANCED 03:11:46.328 --> 03:11:47.696 align:center line:74% position:27% size:63% BUDGET IN THE OUT YEARS. 03:11:47.696 --> 03:11:51.166 align:center line:74% position:31% size:68% IT'S JUST INFORMED THAT WE 03:11:51.166 --> 03:11:52.567 align:center line:74% position:36% size:73% CONTINUE WORKING TOGETHER TO 03:11:52.567 --> 03:11:53.034 align:center line:74% position:21% size:53% IDENTIFY LONGER-TERM 03:11:53.034 --> 03:11:54.836 align:center line:74% position:25% size:60% STRATEGIES, SO WE DON'T 03:11:54.836 --> 03:11:57.572 align:center line:74% position:40% size:75% CONTINUE TO FACE THIS DEFICIT 03:11:57.572 --> 03:11:58.340 align:center line:74% position:36% size:73% AND COMING UP WITH SOLUTIONS 03:11:58.340 --> 03:11:58.740 align:center line:74% position:17% size:43% YEAR OVER YEAR. 03:11:58.940 --> 03:12:02.477 align:center line:74% position:33% size:70% AND WITH THAT, I'LL TURN IT 03:12:02.477 --> 03:12:03.478 align:center line:74% position:19% size:48% BACK TO THE CHAIR. 03:12:03.478 --> 03:12:03.845 align:center line:74% position:16% size:38% >> OKAY, GREAT. 03:12:03.979 --> 03:12:04.446 align:center line:74% position:24% size:58% SO THANKS FOR SHARING. 03:12:04.446 --> 03:12:06.514 align:center line:74% position:40% size:75% AND I THINK YOU CAN TAKE DOWN 03:12:06.514 --> 03:12:10.185 align:center line:74% position:50% size:80% THOSE NUMBERS, BECAUSE IT'S ALL 03:12:10.185 --> 03:12:11.453 align:center line:74% position:50% size:80% STILL IN DEVELOPMENT IN ONE BIG 03:12:11.453 --> 03:12:12.687 align:center line:74% position:44% size:78% CAVEAT THAT I WOULD NOTE IS WE 03:12:12.687 --> 03:12:15.957 align:center line:74% position:31% size:68% STILL WANT TO SEE WHAT THE 03:12:15.957 --> 03:12:16.825 align:center line:74% position:31% size:68% IMPACT OF THE INFLATIONARY 03:12:16.825 --> 03:12:17.525 align:center line:74% position:21% size:53% ADJUSTMENT WOULD BE. 03:12:17.525 --> 03:12:22.464 align:center line:74% position:44% size:78% SO THAT IS A CRITICAL PIECE IN 03:12:22.464 --> 03:12:22.998 align:center line:74% position:29% size:65% PLUGGING INTO THESE FINAL 03:12:22.998 --> 03:12:23.832 align:center line:74% position:24% size:58% SCENARIO SLIDES HERE. 03:12:23.832 --> 03:12:26.801 align:center line:74% position:36% size:73% BUT WITH THAT, IT IS ONE WAY 03:12:26.801 --> 03:12:28.837 align:center line:74% position:40% size:75% FOR US TO SIGNAL THAT I THINK 03:12:28.837 --> 03:12:31.706 align:center line:74% position:40% size:75% THAT WE ARE ALL INTERESTED IN 03:12:31.706 --> 03:12:32.674 align:center line:74% position:50% size:80% AVOIDING AUSTERITY, MAINTAINING 03:12:32.674 --> 03:12:33.441 align:center line:74% position:36% size:73% THE INTEGRITY OF JUMP START, 03:12:33.441 --> 03:12:36.811 align:center line:74% position:50% size:80% AND CONTINUING TO LOOK AT THESE 03:12:36.811 --> 03:12:37.312 align:center line:74% position:24% size:58% LONGER-TERM SOLUTIONS. 03:12:37.312 --> 03:12:38.113 align:center line:74% position:50% size:80% COUNCILMEMBER HERBOLD, YOU HAVE 03:12:38.113 --> 03:12:38.580 align:center line:74% position:19% size:48% BEEN VERY PATIENT. 03:12:38.580 --> 03:12:40.482 align:center line:74% position:44% size:78% SO I WILL TURN IT OVER TO YOU. 03:12:40.482 --> 03:12:41.182 align:center line:74% position:14% size:28% >> THANKS. 03:12:41.182 --> 03:12:45.020 align:center line:74% position:33% size:70% I APPRECIATE LEARNING ABOUT 03:12:45.020 --> 03:12:45.654 align:center line:74% position:33% size:70% YOUR PROPOSAL, MADAM CHAIR. 03:12:45.654 --> 03:12:47.556 align:center line:74% position:27% size:63% I DO HAVE JUST TWO QUICK 03:12:47.556 --> 03:12:48.323 align:center line:74% position:29% size:65% QUESTIONS ABOUT THE PRIOR 03:12:48.323 --> 03:12:48.657 align:center line:74% position:15% size:35% PRESENTATION. 03:12:48.657 --> 03:12:54.829 align:center line:74% position:33% size:70% BUT BEFORE I MOVE TO THEM. 03:12:54.829 --> 03:12:59.067 align:center line:74% position:50% size:80% I WANT TO TAKE THIS OPPORTUNITY 03:12:59.067 --> 03:13:00.335 align:center line:74% position:44% size:78% TO SIGNAL FLEXIBILITY FOR 2023 03:13:00.335 --> 03:13:00.869 align:center line:74% position:17% size:40% AND 2024 ONLY. 03:13:01.002 --> 03:13:04.639 align:center line:74% position:36% size:73% SOME PORTION OF REVENUE THAT 03:13:04.639 --> 03:13:07.309 align:center line:74% position:36% size:73% COMES IN OVER EXPECTATIONS. 03:13:07.442 --> 03:13:15.784 align:center line:74% position:44% size:78% TO SUSTAIN CITY FUNCTIONS THAT 03:13:15.784 --> 03:13:17.385 align:center line:74% position:29% size:65% WE CAN CONTINUE TO DO NON- 03:13:17.385 --> 03:13:17.852 align:center line:74% position:21% size:53% AUSTERITY BUDGETING. 03:13:17.852 --> 03:13:19.821 align:center line:74% position:44% size:78% WE ALWAYS HAVE TO BE COGNIZANT 03:13:19.821 --> 03:13:21.323 align:center line:74% position:29% size:65% TO PUT BOUNDARIES ON THIS 03:13:21.323 --> 03:13:22.190 align:center line:74% position:13% size:25% APPROACH. 03:13:22.190 --> 03:13:25.327 align:center line:74% position:27% size:63% WE'RE FACING A LONG-TERM 03:13:25.327 --> 03:13:27.329 align:center line:74% position:50% size:80% STRUCTURAL PROBLEM THAT MUST BE 03:13:27.329 --> 03:13:27.996 align:center line:74% position:31% size:68% SERVED FOR NEW PROGRESSIVE 03:13:27.996 --> 03:13:31.299 align:center line:74% position:36% size:73% REVENUE, SO WE DON'T HAVE AN 03:13:31.299 --> 03:13:33.335 align:center line:74% position:40% size:75% OVERRELIANCE ON REVENUE THAT, 03:13:33.335 --> 03:13:35.337 align:center line:74% position:29% size:65% WE'VE ALREADY EXPRESSED A 03:13:35.337 --> 03:13:36.738 align:center line:74% position:25% size:60% COMMITMENT FOR, TO FEEL 03:13:36.738 --> 03:13:37.372 align:center line:74% position:44% size:78% SIGNIFICANT NEW INVESTMENTS IN 03:13:37.372 --> 03:13:37.839 align:center line:74% position:20% size:50% AFFORDABLE HOUSING. 03:13:37.839 --> 03:13:40.675 align:center line:74% position:50% size:80% AND I'M HOPING THAT LETTER THAT 03:13:40.675 --> 03:13:42.177 align:center line:74% position:50% size:80% YOU REFERENCED, MADAM CHAIR, IS 03:13:42.177 --> 03:13:42.944 align:center line:74% position:24% size:58% IN ALL OF OUR INBOXES. 03:13:42.944 --> 03:13:45.647 align:center line:74% position:40% size:75% AND IF NOT, IF YOU DON'T MIND 03:13:45.647 --> 03:13:46.181 align:center line:74% position:29% size:65% SENDING IT, THAT WOULD BE 03:13:46.181 --> 03:13:47.716 align:center line:74% position:13% size:20% GREAT. 03:13:47.716 --> 03:13:48.149 align:center line:74% position:20% size:50% TWO QUICK QUESTIONS. 03:13:48.283 --> 03:13:52.988 align:center line:74% position:24% size:58% ONE ABOUT SLIDE NINE. 03:13:52.988 --> 03:13:54.222 align:center line:74% position:29% size:65% AND THE OTHER ABOUT SLIDE 03:13:54.222 --> 03:13:54.456 align:center line:74% position:12% size:18% EIGHT. 03:13:54.456 --> 03:13:55.323 align:center line:74% position:16% size:38% AND I'M SORRY. 03:13:55.323 --> 03:14:01.096 align:center line:74% position:50% size:80% I KNOW I ASKED THIS QUESTION IN 03:14:01.096 --> 03:14:01.763 align:center line:74% position:27% size:63% MY SAYING THIS COMMITTEE 03:14:01.763 --> 03:14:02.430 align:center line:74% position:13% size:23% MEETING. 03:14:02.430 --> 03:14:04.733 align:center line:74% position:31% size:68% BUT I JUST WANT TO CONFIRM 03:14:04.733 --> 03:14:05.533 align:center line:74% position:36% size:73% AGAIN FOR MYSELF AND FOR THE 03:14:05.533 --> 03:14:06.534 align:center line:74% position:17% size:43% VIEWING PUBLIC. 03:14:06.735 --> 03:14:11.539 align:center line:74% position:50% size:80% THE PROJECTED STARTING BALANCE, 03:14:11.539 --> 03:14:22.050 align:center line:74% position:40% size:75% WELL, I GUESS I SHOULD SAY OF 03:14:24.319 --> 03:14:26.888 align:center line:74% position:44% size:78% SAY THE 2022 OPERATING SURPLUS 03:14:26.888 --> 03:14:27.522 align:center line:74% position:33% size:70% AND 2023 PROJECTED STARTING 03:14:27.522 --> 03:14:33.461 align:center line:74% position:36% size:73% BALANCE ON SLIDE 9. IT'S MY 03:14:33.461 --> 03:14:34.062 align:center line:74% position:36% size:73% RECOLLECTION THAT NEITHER OF 03:14:34.062 --> 03:14:35.530 align:center line:74% position:44% size:78% HAS INCLUDE UNDERSPEND NOR ANY 03:14:35.530 --> 03:14:40.535 align:center line:74% position:40% size:75% OF THE PLANNED SPENDING HOLDS 03:14:40.535 --> 03:14:43.338 align:center line:74% position:44% size:78% FROM 2022 AND I JUST -- I KNOW 03:14:43.338 --> 03:14:44.406 align:center line:74% position:36% size:73% AS IT RELATES TO UNDERSPEND. 03:14:44.406 --> 03:14:46.107 align:center line:74% position:50% size:80% WE RARELY GET THAT INFORMATION, 03:14:46.107 --> 03:14:47.475 align:center line:74% position:29% size:65% UNTIL WE GET THE BUDGET. 03:14:47.609 --> 03:14:53.081 align:center line:74% position:27% size:63% BUT THE REPORTING ON THE 03:14:53.081 --> 03:14:54.716 align:center line:74% position:36% size:73% PROJECTED REVENUES, I THINK, 03:14:54.716 --> 03:14:56.384 align:center line:74% position:44% size:78% THUS FAR, HAS NOT TALKED A LOT 03:14:56.384 --> 03:14:59.621 align:center line:74% position:50% size:80% ABOUT THE WORK THAT THE COUNCIL 03:14:59.621 --> 03:15:02.824 align:center line:74% position:29% size:65% HAS BEEN DOING WITH CBO. 03:15:02.824 --> 03:15:04.626 align:center line:74% position:33% size:70% TO DO SOME PLANNED SPENDING 03:15:04.626 --> 03:15:07.295 align:center line:74% position:17% size:40% HOLD FOR 2022. 03:15:07.295 --> 03:15:14.202 align:center line:74% position:33% size:70% AND WHAT THAT DOES IS IT BY 03:15:14.202 --> 03:15:16.404 align:center line:74% position:50% size:80% HOLDING SOME SPENDING FOR 2022, 03:15:16.404 --> 03:15:18.640 align:center line:74% position:40% size:75% THAT ALLOWS US BOTH TO REDUCE 03:15:18.640 --> 03:15:22.210 align:center line:74% position:40% size:75% THE BASELINE FOR 2023 AS WELL 03:15:22.210 --> 03:15:26.981 align:center line:74% position:50% size:80% AS TO CARRY OVER MORE FUNDS TWO 03:15:26.981 --> 03:15:27.215 align:center line:74% position:12% size:15% 2022. 03:15:27.215 --> 03:15:34.389 align:center line:74% position:44% size:78% AND JUST WANTED TO, FOR MYSELF 03:15:34.389 --> 03:15:35.457 align:center line:74% position:40% size:75% AND FOR THE RECORD, JUST KNOW 03:15:35.457 --> 03:15:36.891 align:center line:74% position:36% size:73% WHETHER OR NOT THIS CHART ON 03:15:36.891 --> 03:15:37.592 align:center line:74% position:24% size:58% SLIDE 9 REFLECTS THAT. 03:15:37.592 --> 03:15:41.696 align:center line:74% position:50% size:80% >> THANKS FOR THE QUESTION VICE 03:15:41.696 --> 03:15:42.063 align:center line:74% position:17% size:40% CHAIR, ERBOLD. 03:15:42.063 --> 03:15:47.869 align:center line:74% position:50% size:80% SO THESE NUMBERS DO NOT INCLUDE 03:15:47.869 --> 03:15:52.574 align:center line:74% position:44% size:78% ANY ASSUMPTION ABOUT UNDERSEND 03:15:52.574 --> 03:15:54.843 align:center line:74% position:36% size:73% SPEND IN THE CURRENT BUDGET. 03:15:54.843 --> 03:15:56.311 align:center line:74% position:36% size:73% EITHER FROM NATURAL SPEND OR 03:15:56.311 --> 03:15:57.312 align:center line:74% position:19% size:48% OLD HOES IN PLACE. 03:15:57.312 --> 03:16:00.748 align:center line:74% position:40% size:75% WITH REGARDS TO THE IMPACT OF 03:16:00.748 --> 03:16:02.150 align:center line:74% position:50% size:80% THAT IN FUTURE YEAR, MY INITIAL 03:16:02.150 --> 03:16:02.917 align:center line:74% position:50% size:80% ASSUMPTION, WOULD BE THAT THOSE 03:16:02.917 --> 03:16:13.394 align:center line:74% position:44% size:78% ITEMS ARE ONLY BEING HELD ON A 03:16:13.394 --> 03:16:15.430 align:center line:74% position:50% size:80% ONE-TIME BASIS AND IF THERE ARE 03:16:15.430 --> 03:16:15.697 align:center line:74% position:13% size:23% ONGOING. 03:16:15.697 --> 03:16:18.066 align:center line:74% position:44% size:78% IT WOULD NOT BE HELD N. FUTURE 03:16:18.066 --> 03:16:19.200 align:center line:74% position:44% size:78% YEARS, WE ARE CONSIDERING THAT 03:16:19.200 --> 03:16:23.271 align:center line:74% position:25% size:60% AS ACTUALLY PART OF THE 03:16:23.271 --> 03:16:23.805 align:center line:74% position:27% size:63% PROJECTION AD GROWING IN 03:16:23.805 --> 03:16:26.107 align:center line:74% position:40% size:75% FUTURE YEARS BUT I DON'T KNOW 03:16:26.107 --> 03:16:26.741 align:center line:74% position:50% size:80% THE DETAIL ON SPECIFICALLY WHAT 03:16:26.741 --> 03:16:27.108 align:center line:74% position:14% size:28% THOSE ARE. 03:16:27.108 --> 03:16:30.545 align:center line:74% position:44% size:78% >> WHEN YOU SAID FUTURE YEARS, 03:16:30.545 --> 03:16:31.346 align:center line:74% position:24% size:58% YOU MEAN BEYOND 2023? 03:16:31.346 --> 03:16:34.082 align:center line:74% position:29% size:65% WE ARE SORT OF BEHIND THE 03:16:34.082 --> 03:16:35.617 align:center line:74% position:40% size:75% SCENES, CONSIDERING THEM, BUT 03:16:35.617 --> 03:16:37.318 align:center line:74% position:40% size:75% NOT REFLECTED HERE FOR 2023? 03:16:37.318 --> 03:16:39.220 align:center line:74% position:14% size:30% >> CORRECT. 03:16:39.220 --> 03:16:40.388 align:center line:74% position:13% size:23% >> YEAH. 03:16:40.388 --> 03:16:46.828 align:center line:74% position:36% size:73% COUNCIL MEMBER HERBOLD, IF I 03:16:46.828 --> 03:16:50.665 align:center line:74% position:40% size:75% MAY JUST ADD IN IF WE ASSUMED 03:16:50.665 --> 03:16:51.766 align:center line:74% position:50% size:80% REDUCED EXPENDITURES, YOU WOULD 03:16:51.766 --> 03:16:53.434 align:center line:74% position:33% size:70% SEE 2023 IS SLIGHTLY IN THE 03:16:53.434 --> 03:16:54.769 align:center line:74% position:24% size:58% BLACK IN THE SCENARIO. 03:16:54.769 --> 03:16:59.207 align:center line:74% position:33% size:70% BUT IT WOULDN'T IMPROVE THE 03:16:59.207 --> 03:17:00.875 align:center line:74% position:40% size:75% OUTYEARS AS TOM DESCRIBED FOR 03:17:00.875 --> 03:17:01.442 align:center line:74% position:31% size:68% ANY OUTGOING EXPENDITURES. 03:17:01.442 --> 03:17:03.678 align:center line:74% position:50% size:80% I WILL JUST NOTE THAT THERE ARE 03:17:03.678 --> 03:17:04.979 align:center line:74% position:31% size:68% STILL 2022 ISSUES THAT THE 03:17:04.979 --> 03:17:07.382 align:center line:74% position:44% size:78% BUDGET OFFICE IS HEARING ABOUT 03:17:07.382 --> 03:17:07.949 align:center line:74% position:31% size:68% FROM DEPARTMENTS WITH SOME 03:17:07.949 --> 03:17:08.349 align:center line:74% position:17% size:43% INCREASED COSTS. 03:17:08.349 --> 03:17:10.018 align:center line:74% position:36% size:73% SO THERE ARE A LOT OF MOVING 03:17:10.018 --> 03:17:18.893 align:center line:74% position:40% size:75% PIECES, WHICH IS WHY THEY ARE 03:17:18.893 --> 03:17:20.962 align:center line:74% position:50% size:80% NOT YET PROJECTING THAT SORT OF 03:17:20.962 --> 03:17:21.262 align:center line:74% position:14% size:30% UNDERSPEND. 03:17:21.262 --> 03:17:22.697 align:center line:74% position:36% size:73% AND DIRECTOR DINGLEY, PLEASE 03:17:22.697 --> 03:17:23.731 align:center line:74% position:44% size:78% CORRECT ME IF I'M WRONG THERE. 03:17:23.731 --> 03:17:28.303 align:center line:74% position:36% size:73% WHICH IS WHY WE INCLUDED THE 03:17:28.303 --> 03:17:31.005 align:center line:74% position:29% size:65% $20 MILLION ASSUMPTION IN 03:17:31.005 --> 03:17:32.307 align:center line:74% position:27% size:63% COUNCIL CHAIR MOSQUEDA'S 03:17:32.307 --> 03:17:33.575 align:center line:74% position:25% size:60% SCENARIO, THAT BASED ON 03:17:33.575 --> 03:17:34.576 align:center line:74% position:40% size:75% PREVIOUS YEARS UNDERSPENDING, 03:17:34.576 --> 03:17:36.211 align:center line:74% position:36% size:73% IT MAY BE A BIT CONSERVATIVE 03:17:36.211 --> 03:17:38.880 align:center line:74% position:40% size:75% BE, BUT IT IS HARD TO PREDICT 03:17:38.880 --> 03:17:39.147 align:center line:74% position:13% size:25% THAT NOW. 03:17:39.147 --> 03:17:42.517 align:center line:74% position:31% size:68% SO WE ARE TRYING TO SHOW A 03:17:42.517 --> 03:17:42.951 align:center line:74% position:20% size:50% CONSERVATIVE SUBMIT 03:17:42.951 --> 03:17:43.451 align:center line:74% position:13% size:23% ESTIMATE. 03:17:43.585 --> 03:17:46.688 align:center line:74% position:50% size:80% AND AS DIRECTOR DINGLEY AND THE 03:17:46.688 --> 03:17:47.455 align:center line:74% position:36% size:73% EXECUTIVE TEAM, COLLECT MORE 03:17:47.455 --> 03:17:49.324 align:center line:74% position:50% size:80% INFORMATION FROM DEPARTMENTS IN 03:17:49.324 --> 03:17:50.692 align:center line:74% position:33% size:70% THE NEXT COUPLE OF WEEKS TO 03:17:50.692 --> 03:17:51.492 align:center line:74% position:21% size:53% FINALIZE THE BUDGET. 03:17:51.492 --> 03:17:55.129 align:center line:74% position:40% size:75% IT IS, I AM ASSUMING THAT THE 03:17:55.129 --> 03:17:56.264 align:center line:74% position:36% size:73% PROPOSED BUDGET WOULD LIKELY 03:17:56.264 --> 03:17:57.265 align:center line:74% position:50% size:80% HAVE SOME UNDERSPEND SAWRCHLSZ, 03:17:57.265 --> 03:17:59.801 align:center line:74% position:40% size:75% UNLESS THEY DECIDE TO RELEASE 03:17:59.801 --> 03:18:00.468 align:center line:74% position:27% size:63% THE HOLDS ON ANY OF THAT 03:18:00.468 --> 03:18:01.302 align:center line:74% position:14% size:28% SPENDING. 03:18:01.302 --> 03:18:04.572 align:center line:74% position:18% size:45% >> SUPER HELPFUL. 03:18:04.572 --> 03:18:06.908 align:center line:74% position:13% size:25% THANK YOU. 03:18:06.908 --> 03:18:07.609 align:center line:74% position:31% size:68% >> AND MY SECOND QUESTION. 03:18:07.609 --> 03:18:08.309 align:center line:74% position:36% size:73% >> JUST REAL QUICK ON THAT. 03:18:08.443 --> 03:18:11.512 align:center line:74% position:44% size:78% DIRECTOR DINGLEY, DID YOU HAVE 03:18:11.512 --> 03:18:13.948 align:center line:74% position:44% size:78% SOMETHING YOU WANTED TO ADD TO 03:18:13.948 --> 03:18:14.549 align:center line:74% position:40% size:75% THE COUNCILMEMBER'S QUESTION. 03:18:14.549 --> 03:18:16.851 align:center line:74% position:33% size:70% >> JUST TO CONFIRM WHAT ALY 03:18:16.851 --> 03:18:18.119 align:center line:74% position:44% size:78% SAID, WE ARE IN THE MIDST OF A 03:18:18.119 --> 03:18:19.120 align:center line:74% position:25% size:60% LOT OF THESE DECISIONS. 03:18:19.120 --> 03:18:21.055 align:center line:74% position:40% size:75% SO WE'RE LEARNING A LOT ABOUT 03:18:21.055 --> 03:18:22.190 align:center line:74% position:40% size:75% WHAT UPDATING THIS PLAN LOOKS 03:18:22.190 --> 03:18:23.324 align:center line:74% position:25% size:60% LIKE THIS TIME OF YEAR. 03:18:23.324 --> 03:18:26.628 align:center line:74% position:40% size:75% AND PART OF THAT IS IMPERFECT 03:18:26.628 --> 03:18:27.095 align:center line:74% position:22% size:55% INFORMATION, FRANKLY. 03:18:27.095 --> 03:18:28.863 align:center line:74% position:33% size:70% SO WE STILL JUST DON'T HAVE 03:18:28.863 --> 03:18:30.231 align:center line:74% position:40% size:75% ENOUGH INFORMATION TO PROJECT 03:18:30.231 --> 03:18:35.570 align:center line:74% position:24% size:58% OUT FOR 2022 JUST YET. 03:18:35.570 --> 03:18:39.340 align:center line:74% position:40% size:75% BUT YEAH JUST PUTTING THAT ON 03:18:39.340 --> 03:18:39.707 align:center line:74% position:17% size:40% ALY'S COMMENTS. 03:18:39.707 --> 03:18:42.176 align:center line:74% position:44% size:78% >> AND I COMPLETELY UNDERSTAND 03:18:42.176 --> 03:18:43.278 align:center line:74% position:25% size:60% THAT ON THE UNDERSPEND. 03:18:43.278 --> 03:18:44.545 align:center line:74% position:40% size:75% AND NEW THINGS THAT HAVE BEEN 03:18:44.545 --> 03:18:46.314 align:center line:74% position:13% size:23% ARISEN. 03:18:46.314 --> 03:18:52.020 align:center line:74% position:44% size:78% I'M JUST EXPRESSING SORT OF AN 03:18:52.020 --> 03:18:53.554 align:center line:74% position:40% size:75% INTEREST IN MORE TRANSPARENCY 03:18:53.554 --> 03:18:54.222 align:center line:74% position:27% size:63% AROUND THE OLD OF HOLDS. 03:18:54.222 --> 03:18:55.890 align:center line:74% position:25% size:60% AGAIN, WE'VE MADE TOUGH 03:18:55.890 --> 03:18:59.460 align:center line:74% position:31% size:68% DECISIONS THIS YEAR, ABOUT 03:18:59.460 --> 03:19:01.029 align:center line:74% position:15% size:35% THOSE HOLDS. 03:19:01.029 --> 03:19:03.464 align:center line:74% position:31% size:68% AND WHEN IT'S REPORTING ON 03:19:03.464 --> 03:19:05.400 align:center line:74% position:25% size:60% THESE FINANCIAL PLANS. 03:19:05.400 --> 03:19:07.368 align:center line:74% position:44% size:78% AND IT FOCUSES ON THE DEFICIT, 03:19:07.368 --> 03:19:08.536 align:center line:74% position:33% size:70% WHICH IS AN IMPORTANT THING 03:19:08.536 --> 03:19:10.171 align:center line:74% position:40% size:75% THAT WE HAVE TO WRESTLE WITH, 03:19:10.171 --> 03:19:13.808 align:center line:74% position:50% size:80% NOT JUST FOR THIS YEAR, BUT FOR 03:19:13.808 --> 03:19:14.609 align:center line:74% position:24% size:58% THE LONG TERM, WITHOUT 03:19:14.609 --> 03:19:19.213 align:center line:74% position:44% size:78% REFLECTING THAT DIFFICULT WORK 03:19:19.213 --> 03:19:21.449 align:center line:74% position:36% size:73% THAT WE DID THIS YEAR TO NOT 03:19:21.449 --> 03:19:25.520 align:center line:74% position:25% size:60% STAND IN THE WAY OF THE 03:19:25.520 --> 03:19:27.522 align:center line:74% position:36% size:73% EXECUTIVE HOLDING ALMOST $20 03:19:27.522 --> 03:19:28.256 align:center line:74% position:36% size:73% MILLION IN SPENDING THAT THE 03:19:28.256 --> 03:19:29.257 align:center line:74% position:18% size:45% COUNCIL PLANNED. 03:19:29.257 --> 03:19:32.760 align:center line:74% position:40% size:75% I JUST -- IT MAKES ME WANT TO 03:19:32.760 --> 03:19:34.896 align:center line:74% position:44% size:78% -- MAKE SURE THAT THAT IS ALSO 03:19:34.896 --> 03:19:35.463 align:center line:74% position:31% size:68% REFLECTED IN THIS PLANNING 03:19:35.463 --> 03:19:35.697 align:center line:74% position:12% size:18% WORK. 03:19:35.897 --> 03:19:39.567 align:center line:74% position:50% size:80% AGAIN, UNDERSTAND THAT THERE IS 03:19:39.567 --> 03:19:40.101 align:center line:74% position:29% size:65% DEFINITELY MORE TO COME. 03:19:40.101 --> 03:19:43.304 align:center line:74% position:25% size:60% >> MY SECOND QUESTION. 03:19:43.304 --> 03:19:53.047 align:center line:74% position:44% size:78% MIGHT BE ANOTHER EXAMPLE OF ME 03:19:53.047 --> 03:19:53.748 align:center line:74% position:33% size:70% BEATING THE PROVERBIAL DEAD 03:19:53.748 --> 03:19:55.316 align:center line:74% position:19% size:48% HORSE ON SLIDE 14. 03:19:55.316 --> 03:19:57.618 align:center line:74% position:36% size:73% THEY CAN POSITION EXERCISE. 03:19:57.618 --> 03:19:59.454 align:center line:74% position:36% size:73% REALLY, APPRECIATE THAT THIS 03:19:59.454 --> 03:20:01.322 align:center line:74% position:20% size:50% WORK IS UNDER WAY. 03:20:01.322 --> 03:20:03.424 align:center line:74% position:40% size:75% I HAVE EXPRESSED IN THE PAST, 03:20:03.424 --> 03:20:07.729 align:center line:74% position:44% size:78% HOW IMPORTANT IT IS FOR US ALL 03:20:07.729 --> 03:20:08.696 align:center line:74% position:36% size:73% TO GET REALTIME INSIGHT INTO 03:20:08.696 --> 03:20:10.798 align:center line:74% position:36% size:73% PLACES THAT ARE BUDGETED BUT 03:20:10.798 --> 03:20:11.099 align:center line:74% position:14% size:30% NOT FILLED. 03:20:11.099 --> 03:20:13.668 align:center line:74% position:40% size:75% AND THEREFORE, ANOTHER LIKELY 03:20:13.668 --> 03:20:21.209 align:center line:74% position:50% size:80% AREA FOR UNDERSPEND AND THIS IS 03:20:21.209 --> 03:20:25.646 align:center line:74% position:40% size:75% EVEN MORE IMPORTANT, I THINK, 03:20:25.646 --> 03:20:27.181 align:center line:74% position:40% size:75% DURING THE GREAT RESIGNATION, 03:20:27.181 --> 03:20:28.249 align:center line:74% position:36% size:73% WHERE IT'S MORE DIFFICULT TO 03:20:28.249 --> 03:20:28.783 align:center line:74% position:24% size:58% FILL FUNDED POSITIONS. 03:20:28.783 --> 03:20:29.917 align:center line:74% position:33% size:70% I UNDERSTAND THE PICTURE WE 03:20:29.917 --> 03:20:34.155 align:center line:74% position:50% size:80% HAVE HERE IS NOT QUITE AS CLEAR 03:20:34.155 --> 03:20:34.956 align:center line:74% position:29% size:65% AS WE HAVE ASPIRATIONALLY 03:20:34.956 --> 03:20:37.091 align:center line:74% position:29% size:65% EXPRESSED OUR HOPES FOR. 03:20:37.091 --> 03:20:43.664 align:center line:74% position:44% size:78% AND THAT BY DESIGN, WE WANT TO 03:20:43.664 --> 03:20:45.533 align:center line:74% position:36% size:73% KEEP SOME POSITIONS THAT ARE 03:20:45.533 --> 03:20:45.967 align:center line:74% position:19% size:48% VACANT BUT FUNDED. 03:20:45.967 --> 03:20:47.001 align:center line:74% position:22% size:55% WE WANT TO HOLD THEM. 03:20:47.001 --> 03:20:49.237 align:center line:74% position:36% size:73% WE DON'T WANT TO -- BUT IT'S 03:20:49.237 --> 03:20:49.470 align:center line:74% position:12% size:18% AGAIN. 03:20:49.470 --> 03:20:55.643 align:center line:74% position:40% size:75% WE STILL WANT THE INFORMATION 03:20:55.643 --> 03:20:56.310 align:center line:74% position:33% size:70% ABOUT THEM, BECAUSE WITHOUT 03:20:56.310 --> 03:20:57.245 align:center line:74% position:50% size:80% SUGGESTING WE WANT TO CUT THEM. 03:20:57.245 --> 03:20:58.746 align:center line:74% position:36% size:73% BECAUSE WE DO RECOGNIZE THAT 03:20:58.746 --> 03:21:03.484 align:center line:74% position:36% size:73% THE FUNDING IN SOME OF THESE 03:21:03.484 --> 03:21:05.820 align:center line:74% position:29% size:65% POSITIONS IS NECESSARY TO 03:21:05.820 --> 03:21:06.954 align:center line:74% position:44% size:78% SUPPORT MORE THAN AVERAGE WORK 03:21:06.954 --> 03:21:07.588 align:center line:74% position:50% size:80% FORCE IN A PARTICULAR DIVISION. 03:21:07.855 --> 03:21:12.026 align:center line:74% position:40% size:75% BUT I JUST WANT TO EXPRESS MY 03:21:12.026 --> 03:21:13.628 align:center line:74% position:50% size:80% HOPE AT HAVING MORE INFORMATION 03:21:13.628 --> 03:21:15.463 align:center line:74% position:27% size:63% ABOUT VACANT POSITIONS. 03:21:15.596 --> 03:21:18.066 align:center line:74% position:21% size:53% TELL BE FORTHCOMING. 03:21:18.066 --> 03:21:19.567 align:center line:74% position:36% size:73% BECAUSE IT'S REALLY VALUABLE 03:21:19.567 --> 03:21:22.069 align:center line:74% position:36% size:73% FOR COUNCIL, AS WE BEGIN OUR 03:21:22.069 --> 03:21:24.305 align:center line:74% position:33% size:70% DELIBERATIONS ON BUDGET AND 03:21:24.305 --> 03:21:27.008 align:center line:74% position:50% size:80% JUST WONDERING IF YOU COULD SAY 03:21:27.008 --> 03:21:28.042 align:center line:74% position:27% size:63% ANYTHING MORE ABOUT YOUR 03:21:28.042 --> 03:21:30.211 align:center line:74% position:36% size:73% INSIGHTS OR INFORMATION THAT 03:21:30.211 --> 03:21:32.680 align:center line:74% position:40% size:75% YOU EXPECT TO BE AVAILABLE AS 03:21:32.680 --> 03:21:38.486 align:center line:74% position:33% size:70% IT RELATES TO THE REVIEW OF 03:21:38.486 --> 03:21:39.320 align:center line:74% position:27% size:63% VACANT POSITIONS AND OUR 03:21:39.320 --> 03:21:41.422 align:center line:74% position:50% size:80% EFFORTS TO BRING THE BUDGETS TO 03:21:41.422 --> 03:21:42.890 align:center line:74% position:40% size:75% CONVERSATION, INSTEAD OF WHAT 03:21:42.890 --> 03:21:45.026 align:center line:74% position:50% size:80% THE NEXT STEP THAT WILL NEED TO 03:21:45.026 --> 03:21:49.297 align:center line:74% position:22% size:55% BE TAKEN TO MAKE THIS 03:21:49.297 --> 03:21:49.897 align:center line:74% position:36% size:73% INFORMATION MORE ACCESSIBLE. 03:21:49.897 --> 03:21:51.599 align:center line:74% position:12% size:18% THANKS. 03:21:51.599 --> 03:21:56.337 align:center line:74% position:36% size:73% >> IS IT ALL RIGHT, CHAIR FI 03:21:56.337 --> 03:21:57.305 align:center line:74% position:20% size:50% JUMP IN TO RESPOND? 03:21:57.305 --> 03:21:57.538 align:center line:74% position:13% size:20% >> YES. 03:21:57.538 --> 03:21:59.574 align:center line:74% position:15% size:33% >> THANK YOU. 03:21:59.707 --> 03:22:01.342 align:center line:74% position:31% size:68% THOSE ARE GREAT QUESTIONS, 03:22:01.342 --> 03:22:01.843 align:center line:74% position:25% size:60% COUNCILMEMBER HERBOLD. 03:22:01.843 --> 03:22:03.044 align:center line:74% position:50% size:80% I WOULD SAY A COUPLE OF THINGS. 03:22:03.044 --> 03:22:06.080 align:center line:74% position:44% size:78% FIRST, WE HAVE A FULL POSITION- 03:22:06.080 --> 03:22:06.747 align:center line:74% position:36% size:73% BY-POSITION REVIEW UNDER WAY 03:22:06.747 --> 03:22:07.482 align:center line:74% position:22% size:55% WITH THE DEPARTMENTS. 03:22:07.482 --> 03:22:11.285 align:center line:74% position:27% size:63% SO THEY ARE PROVIDING US 03:22:11.285 --> 03:22:12.153 align:center line:74% position:44% size:78% CONTEXT ON WHY THOSE VACANCIES 03:22:12.153 --> 03:22:12.720 align:center line:74% position:12% size:18% EXIST. 03:22:12.720 --> 03:22:14.722 align:center line:74% position:33% size:70% AND WHAT THE PLAN IS, GOING 03:22:14.722 --> 03:22:16.090 align:center line:74% position:36% size:73% FORWARD FOR THOSE POSITIONS. 03:22:16.090 --> 03:22:19.293 align:center line:74% position:29% size:65% I WOULD SAY, THE HOLDS ON 03:22:19.293 --> 03:22:21.562 align:center line:74% position:40% size:75% POSITIONS AND HOLDING VACANCY 03:22:21.562 --> 03:22:22.430 align:center line:74% position:44% size:78% SAWRCHLZ IS REALLY TRICKY FROM 03:22:22.430 --> 03:22:22.930 align:center line:74% position:24% size:58% BUDGETING PERSPECTIVE. 03:22:22.930 --> 03:22:26.134 align:center line:74% position:44% size:78% IT'S A GREAT SORT OF ONE-TIME, 03:22:26.134 --> 03:22:26.334 align:center line:74% position:12% size:15% TOOL. 03:22:26.334 --> 03:22:28.970 align:center line:74% position:44% size:78% BUT UNLESS IT'S COUPLED WITH A 03:22:28.970 --> 03:22:30.304 align:center line:74% position:36% size:73% CONVERSATION AROUND ACTUALLY 03:22:30.304 --> 03:22:37.712 align:center line:74% position:44% size:78% CHANGING THE LINES OF BUSINESS 03:22:37.712 --> 03:22:38.312 align:center line:74% position:33% size:70% AND EXPECTATIONS AROUND AND 03:22:38.312 --> 03:22:39.514 align:center line:74% position:24% size:58% WHAT IT'S DOING TO THE 03:22:39.514 --> 03:22:39.814 align:center line:74% position:14% size:28% COMMUNITY. 03:22:39.814 --> 03:22:43.184 align:center line:74% position:44% size:78% IT'S NOT SOMETHING THAT CAN BE 03:22:43.184 --> 03:22:44.152 align:center line:74% position:44% size:78% DONE SUSTAINABLY IN AN ONGOING 03:22:44.152 --> 03:22:44.352 align:center line:74% position:11% size:13% WAY. 03:22:44.352 --> 03:22:48.389 align:center line:74% position:36% size:73% SO IT'S DEFINITELY SOMETHING 03:22:48.389 --> 03:22:50.291 align:center line:74% position:36% size:73% THAT WE ARE ABSOLUTELY USING 03:22:50.291 --> 03:22:51.759 align:center line:74% position:40% size:75% THROUGH THIS PROPOSED BUDGET. 03:22:51.759 --> 03:22:52.727 align:center line:74% position:40% size:75% IT'S NOT TELLING TALES OUT OF 03:22:52.727 --> 03:22:52.994 align:center line:74% position:13% size:20% SCHOOL. 03:22:52.994 --> 03:22:55.263 align:center line:74% position:50% size:80% I THINK YOU'D BE SURPRISED IF I 03:22:55.263 --> 03:22:56.531 align:center line:74% position:36% size:73% WASN'T USING THAT AS A TOOL. 03:22:56.531 --> 03:22:59.467 align:center line:74% position:44% size:78% IT IS REALLY IMPORTANT THAT WE 03:22:59.467 --> 03:23:01.569 align:center line:74% position:50% size:80% KEEP AN EYE TO OUR EXPECTATIONS 03:23:01.569 --> 03:23:02.236 align:center line:74% position:25% size:60% AROUND SERVICE DELIVERY 03:23:02.236 --> 03:23:02.503 align:center line:74% position:13% size:23% OVERALL. 03:23:02.503 --> 03:23:03.070 align:center line:74% position:21% size:53% SO THAT'S ONE PIECE. 03:23:03.070 --> 03:23:08.876 align:center line:74% position:50% size:80% THE OTHER THING I WOULD SAY IS, 03:23:08.876 --> 03:23:09.510 align:center line:74% position:40% size:75% THATVACANCIES IN THE THE ONLY 03:23:09.510 --> 03:23:09.744 align:center line:74% position:12% size:18% STORY. 03:23:09.744 --> 03:23:12.980 align:center line:74% position:40% size:75% WE HAVE BEEN WORKING WITH THE 03:23:12.980 --> 03:23:14.615 align:center line:74% position:44% size:78% CITY FINANCE DIVISION ON TOOLS 03:23:14.615 --> 03:23:15.483 align:center line:74% position:36% size:73% TO ENHANCE MONITORING ACROSS 03:23:15.483 --> 03:23:19.487 align:center line:74% position:15% size:35% DEPARTMENTS. 03:23:19.487 --> 03:23:22.757 align:center line:74% position:44% size:78% SO WE HAVE NOW WITH OUR NEWISH 03:23:22.757 --> 03:23:23.491 align:center line:74% position:40% size:75% FINANCIAL MANAGEMENT SYSTEMS. 03:23:23.491 --> 03:23:25.026 align:center line:74% position:31% size:68% IT'S ABOUT FOUR YEARS OLD. 03:23:25.026 --> 03:23:26.561 align:center line:74% position:50% size:80% BUT WITH THE PANDEMIC, IT STILL 03:23:26.561 --> 03:23:27.728 align:center line:74% position:14% size:30% FEELS NEW. 03:23:27.728 --> 03:23:34.368 align:center line:74% position:40% size:75% WE HAVE A LOT MORE DATA NOW. 03:23:34.368 --> 03:23:36.771 align:center line:74% position:31% size:68% WE HAVE CLOSER TO REALTIME 03:23:36.771 --> 03:23:37.238 align:center line:74% position:21% size:53% DEPARTMENT SPENDING. 03:23:37.238 --> 03:23:45.846 align:center line:74% position:50% size:80% ROLLING OUT TOOLS TO HELP BUILD 03:23:45.846 --> 03:23:46.447 align:center line:74% position:36% size:73% OUT THAT ACCOUNTABILITY, AND 03:23:46.447 --> 03:23:51.485 align:center line:74% position:44% size:78% ACTIVE MANAGEMENT ANY LITERACY 03:23:51.485 --> 03:23:52.520 align:center line:74% position:36% size:73% THROUGHOUT THE ORGANIZATION, 03:23:52.520 --> 03:23:53.521 align:center line:74% position:40% size:75% MANAGERS UP TO EXECUTIVES, TO 03:23:53.521 --> 03:23:56.857 align:center line:74% position:36% size:73% BE ABLE TO TRACK HOW THEY'RE 03:23:56.857 --> 03:23:57.291 align:center line:74% position:19% size:48% DOING IN REALTIME. 03:23:57.291 --> 03:23:59.260 align:center line:74% position:18% size:45% WE CAN HAVE THOSE 03:23:59.260 --> 03:24:01.896 align:center line:74% position:50% size:80% ACCOUNTABILITY WITH FINANCE AND 03:24:01.896 --> 03:24:03.464 align:center line:74% position:36% size:73% BUDGET DEPARTMENTS TOGETHER. 03:24:03.464 --> 03:24:05.666 align:center line:74% position:36% size:73% SOTO SAY, THIS DOESN'T MATCH 03:24:05.666 --> 03:24:06.667 align:center line:74% position:44% size:78% OUR EXPECTATIONS, WHAT'S GOING 03:24:06.667 --> 03:24:07.201 align:center line:74% position:13% size:23% ON HERE. 03:24:07.201 --> 03:24:08.302 align:center line:74% position:40% size:75% AND PROVIDES MORE INFORMATION 03:24:08.302 --> 03:24:13.007 align:center line:74% position:40% size:75% SOONER, SO THAT WE'RE IN LESS 03:24:13.007 --> 03:24:13.507 align:center line:74% position:24% size:58% OF A REACTIVE POSTURE. 03:24:13.507 --> 03:24:15.276 align:center line:74% position:16% size:38% THAT'S A GOAL. 03:24:15.276 --> 03:24:16.577 align:center line:74% position:27% size:63% THAT'S A BIG-TIME CHANGE 03:24:16.577 --> 03:24:17.011 align:center line:74% position:19% size:48% MANAGEMENT EFFORT. 03:24:17.011 --> 03:24:18.512 align:center line:74% position:40% size:75% SO IT'S GOING TO TAKE US TIME 03:24:18.512 --> 03:24:18.846 align:center line:74% position:15% size:35% TO GET THERE. 03:24:18.846 --> 03:24:20.648 align:center line:74% position:31% size:68% BUT I WANTED TO, YOU KNOW, 03:24:20.648 --> 03:24:22.583 align:center line:74% position:44% size:78% SHARE, THAT WE ARE PUTTING THE 03:24:22.583 --> 03:24:24.385 align:center line:74% position:25% size:60% TOOLS IN PLACE NOW, AND 03:24:24.385 --> 03:24:24.919 align:center line:74% position:27% size:63% STARTING THOSE TRAININGS 03:24:24.919 --> 03:24:26.988 align:center line:74% position:50% size:80% THROUGHOUT THE CITY, SO THAT WE 03:24:26.988 --> 03:24:29.357 align:center line:74% position:50% size:80% CAN START THAT UTILIZATION, AND 03:24:29.357 --> 03:24:30.458 align:center line:74% position:40% size:75% THEN START ROBUST MONITORING, 03:24:30.458 --> 03:24:30.858 align:center line:74% position:17% size:40% MOVING FORWARD. 03:24:30.858 --> 03:24:32.960 align:center line:74% position:33% size:70% AND HOPEFULLY, THE GOAL IS, 03:24:32.960 --> 03:24:34.762 align:center line:74% position:36% size:73% OVER TIME, AS YOU HEARD FROM 03:24:34.762 --> 03:24:36.297 align:center line:74% position:40% size:75% CENTRAL STAFF, WE'RE GOING TO 03:24:36.297 --> 03:24:36.831 align:center line:74% position:17% size:40% RIGHT THE SHIP. 03:24:36.831 --> 03:24:38.499 align:center line:74% position:50% size:80% IT IS GOING TO TAKE US SOMETIME 03:24:38.499 --> 03:24:39.200 align:center line:74% position:15% size:35% TO GET THERE. 03:24:39.200 --> 03:24:40.735 align:center line:74% position:36% size:73% BUT APPRECIATE THE GRACE AND 03:24:40.735 --> 03:24:42.036 align:center line:74% position:31% size:68% PATIENCE THAT EVERYONE HAS 03:24:42.036 --> 03:24:42.270 align:center line:74% position:12% size:18% SHOWN. 03:24:42.270 --> 03:24:43.771 align:center line:74% position:40% size:75% AND THE SUPPORT, FRANKLY, FOR 03:24:43.771 --> 03:24:46.774 align:center line:74% position:31% size:68% ROLLING OUT THOSE TOOLS. 03:24:46.774 --> 03:24:48.643 align:center line:74% position:36% size:73% >> LIKE TOM HAS AN ANSWER AS 03:24:48.643 --> 03:24:49.310 align:center line:74% position:12% size:15% WELL. 03:24:49.310 --> 03:24:49.944 align:center line:74% position:16% size:38% GO AHEAD, TOM. 03:24:49.944 --> 03:24:51.145 align:center line:74% position:33% size:70% >> THANK YOU, MADAM CHAIR. 03:24:51.145 --> 03:24:55.082 align:center line:74% position:36% size:73% AND JUST TO KIND OF BUILD ON 03:24:55.082 --> 03:24:56.884 align:center line:74% position:50% size:80% DIRECTOR DINGLEY'S RESPONSE AND 03:24:56.884 --> 03:24:58.819 align:center line:74% position:31% size:68% TO PROVIDE INSIGHT FOR THE 03:24:58.819 --> 03:24:59.287 align:center line:74% position:14% size:30% COMMITTEE. 03:24:59.287 --> 03:25:00.921 align:center line:74% position:25% size:60% THE VACANCY QUESTION IS 03:25:00.921 --> 03:25:01.589 align:center line:74% position:31% size:68% IMPORTANT TO CENTRAL STAFF 03:25:01.589 --> 03:25:01.889 align:center line:74% position:14% size:28% ANALYSIS. 03:25:02.023 --> 03:25:05.593 align:center line:74% position:50% size:80% AND ONE OF THE BUDGET QUESTIONS 03:25:05.593 --> 03:25:07.295 align:center line:74% position:50% size:80% THAT WE ARE ENVISIONING AT THIS 03:25:07.295 --> 03:25:10.865 align:center line:74% position:50% size:80% POINT IN TIME IS SOMETHING THAT 03:25:10.865 --> 03:25:12.099 align:center line:74% position:50% size:80% COMPARES THE COST OF SUPPORTING 03:25:12.099 --> 03:25:12.733 align:center line:74% position:44% size:78% THE CURRENTLY-FILLED POSITIONS 03:25:12.733 --> 03:25:13.567 align:center line:74% position:25% size:60% WITH THE BUDGET AMOUNT. 03:25:13.567 --> 03:25:16.103 align:center line:74% position:50% size:80% SO IT'S KIND OF APPROACHING THE 03:25:16.103 --> 03:25:17.104 align:center line:74% position:25% size:60% VACANCY QUESTION FROM A 03:25:17.104 --> 03:25:18.072 align:center line:74% position:29% size:65% SLIGHTLY DIFFERENT ANGLE. 03:25:18.072 --> 03:25:19.006 align:center line:74% position:40% size:75% SO IT'S BASICALLY SAYING, HOW 03:25:19.006 --> 03:25:21.142 align:center line:74% position:50% size:80% MUCH DO YOU NEED TO PAY FOR THE 03:25:21.142 --> 03:25:22.143 align:center line:74% position:31% size:68% POSITIONS YOU HAVE FILLED? 03:25:22.143 --> 03:25:22.710 align:center line:74% position:20% size:50% WHAT IS THE BUDGET? 03:25:22.710 --> 03:25:26.147 align:center line:74% position:33% size:70% AND WHAT IS THE DIFFERENCE? 03:25:26.147 --> 03:25:27.848 align:center line:74% position:50% size:80% AND IN SOME CASES, THERE MAY BE 03:25:27.848 --> 03:25:29.350 align:center line:74% position:36% size:73% INSUFFICIENT BUDGETS TO FILL 03:25:29.350 --> 03:25:29.684 align:center line:74% position:15% size:33% THE SYSTEMS. 03:25:29.684 --> 03:25:30.985 align:center line:74% position:36% size:73% BUT OTHERS WILL BE THE OTHER 03:25:30.985 --> 03:25:31.318 align:center line:74% position:11% size:13% WAY. 03:25:31.318 --> 03:25:33.921 align:center line:74% position:29% size:65% THERE WILL BE MORE BUDGET 03:25:33.921 --> 03:25:38.759 align:center line:74% position:44% size:78% AUTHORITY THEN, IS REQUIRED TO 03:25:38.759 --> 03:25:39.160 align:center line:74% position:14% size:28% FILL THOSE 03:25:39.160 --> 03:25:39.927 align:center line:74% position:44% size:78% CURRENTLY SUPPORTED POSITIONS. 03:25:39.927 --> 03:25:43.898 align:center line:74% position:50% size:80% HOPEFULLY THIS WILL PROVIDE THE 03:25:43.898 --> 03:25:45.599 align:center line:74% position:44% size:78% RIGHT LEVEL OF INFORMATION FOR 03:25:45.599 --> 03:25:46.334 align:center line:74% position:44% size:78% COUNCIL'S DECISIONS THIS FALL. 03:25:46.334 --> 03:25:48.769 align:center line:74% position:21% size:53% >> THANK YOU, BOTH. 03:25:48.769 --> 03:25:49.336 align:center line:74% position:17% size:43% APPRECIATE THAT. 03:25:49.336 --> 03:25:51.439 align:center line:74% position:33% size:70% >> AND I'LL UNDERSCORE THAT 03:25:51.439 --> 03:25:53.507 align:center line:74% position:44% size:78% THAT HAS BEEN A CONSTANT POINT 03:25:53.507 --> 03:25:54.141 align:center line:74% position:50% size:80% OF CONVERSATION AS WELL FOR ME. 03:25:54.342 --> 03:25:56.977 align:center line:74% position:50% size:80% RECOGNIZING THAT WE CONTINUE TO 03:25:56.977 --> 03:25:58.079 align:center line:74% position:29% size:65% PUT ADDITIONAL MONEY INTO 03:25:58.079 --> 03:25:59.480 align:center line:74% position:40% size:75% POSITIONS THAT ARE NOT FILLED 03:25:59.480 --> 03:26:00.881 align:center line:74% position:50% size:80% AND THEN THAT MONEY ROLLS OVER. 03:26:00.881 --> 03:26:03.250 align:center line:74% position:40% size:75% SO LOOKING FORWARD TO WORKING 03:26:03.250 --> 03:26:04.185 align:center line:74% position:50% size:80% WITH ALL OF YOU, AS WE CONTINUE 03:26:04.185 --> 03:26:05.619 align:center line:74% position:18% size:45% TO ADDRESS THIS. 03:26:05.619 --> 03:26:08.355 align:center line:74% position:36% size:73% PLEASE, PLEASE NOTE THAT THE 03:26:08.355 --> 03:26:10.257 align:center line:74% position:24% size:58% CAVEAT, ALONG WITH THE 03:26:10.257 --> 03:26:11.459 align:center line:74% position:40% size:75% SCENARIO, THAT WE OUTLINE WAS 03:26:11.459 --> 03:26:16.697 align:center line:74% position:44% size:78% JUST TO PROVIDE SOME ASSURANCE 03:26:16.697 --> 03:26:21.602 align:center line:74% position:44% size:78% THAT WE ARE LOOKING AT HIGHWAY 03:26:21.602 --> 03:26:23.471 align:center line:74% position:44% size:78% THAT HOW THAT WOULD IMPACT OUR 03:26:23.471 --> 03:26:24.638 align:center line:74% position:33% size:70% EXISTING REVENUE SPEND PLAN 03:26:24.638 --> 03:26:26.774 align:center line:74% position:50% size:80% ANDENTING TO FIRST MAINTAIN THE 03:26:26.774 --> 03:26:28.909 align:center line:74% position:31% size:68% INVESTMENTS AS CODIFIED IN 03:26:28.909 --> 03:26:29.977 align:center line:74% position:40% size:75% 2020, IN TERMS OF AMOUNTS AND 03:26:29.977 --> 03:26:30.444 align:center line:74% position:21% size:53% SPENDING CATEGORIES. 03:26:30.444 --> 03:26:33.447 align:center line:74% position:33% size:70% SO THAT IS THE THING THAT I 03:26:33.447 --> 03:26:34.982 align:center line:74% position:33% size:70% REALLY WANTED FOLKS TO SEE. 03:26:34.982 --> 03:26:35.649 align:center line:74% position:31% size:68% THAT THOSE INVESTMENTS ARE 03:26:35.649 --> 03:26:35.950 align:center line:74% position:14% size:30% MAINTAINED. 03:26:35.950 --> 03:26:38.619 align:center line:74% position:40% size:75% ASK THAT THERE IS GOING TO BE 03:26:38.619 --> 03:26:40.187 align:center line:74% position:40% size:75% THE POTENTIAL IF THE SCENARIO 03:26:40.187 --> 03:26:43.290 align:center line:74% position:40% size:75% DOES CONTINUE TO GET ANALYZED 03:26:43.290 --> 03:26:45.259 align:center line:74% position:36% size:73% FOR US TO USE, A HIGHER-THAN- 03:26:45.259 --> 03:26:45.726 align:center line:74% position:21% size:53% ANTICIPATED RETURNS. 03:26:45.726 --> 03:26:47.495 align:center line:74% position:40% size:75% ONLY THAT AMOUNT FOR ONLY TWO 03:26:47.495 --> 03:26:48.796 align:center line:74% position:27% size:63% YEARS, TO THEN HELP WITH 03:26:48.796 --> 03:26:50.264 align:center line:74% position:24% size:58% PREVENTING AUSTERITY. 03:26:50.264 --> 03:26:51.565 align:center line:74% position:40% size:75% MUCH MORE ANALYSIS IS NEEDED, 03:26:51.565 --> 03:26:53.734 align:center line:74% position:44% size:78% THOUGH, TO CONTINUE TO LOOK AT 03:26:53.734 --> 03:26:54.969 align:center line:74% position:36% size:73% THE IMPACT OF INFLATION, FOR 03:26:54.969 --> 03:26:55.236 align:center line:74% position:13% size:25% EXAMPLE. 03:26:55.236 --> 03:26:57.104 align:center line:74% position:40% size:75% AND SOME OTHER ISSUES THAT WE 03:26:57.104 --> 03:26:59.406 align:center line:74% position:24% size:58% MAY WANT TO FACTOR IN. 03:26:59.406 --> 03:27:00.808 align:center line:74% position:36% size:73% SO PLEASE NOTE THE ASTERISK, 03:27:00.808 --> 03:27:01.742 align:center line:74% position:44% size:78% NEXT TO THIS CONVERSATION THAT 03:27:01.742 --> 03:27:03.210 align:center line:74% position:50% size:80% WE HAD, WHICH IS MUCH MORE WORK 03:27:03.210 --> 03:27:04.011 align:center line:74% position:16% size:38% IS TO BE DONE. 03:27:04.011 --> 03:27:07.915 align:center line:74% position:44% size:78% BUT I WANTED TO LET FOLKS KNOW 03:27:07.915 --> 03:27:09.283 align:center line:74% position:27% size:63% IN A TRANSPARENT WAY, IN 03:27:09.283 --> 03:27:13.120 align:center line:74% position:36% size:73% PARTNERSHIP WITH MANY OF THE 03:27:13.120 --> 03:27:14.755 align:center line:74% position:36% size:73% STAKEHOLDERS FROM JUMP START 03:27:14.755 --> 03:27:16.123 align:center line:74% position:44% size:78% PROGRESSIVE REVENUE COALITION, 03:27:16.123 --> 03:27:18.292 align:center line:74% position:50% size:80% THAT THERE IS A SHARED INTEREST 03:27:18.292 --> 03:27:20.795 align:center line:74% position:50% size:80% IN BOTH PRESERVING THE SPENDING 03:27:20.795 --> 03:27:22.530 align:center line:74% position:33% size:70% PLAN AND PREVENTING AGAINST 03:27:22.530 --> 03:27:23.130 align:center line:74% position:33% size:70% AUSTERITY IN THE VERY SHORT 03:27:23.130 --> 03:27:23.330 align:center line:74% position:12% size:15% TERM. 03:27:23.330 --> 03:27:25.299 align:center line:74% position:31% size:68% SO MORE WORK TO BE DONE ON 03:27:25.299 --> 03:27:27.501 align:center line:74% position:40% size:75% THAT, WITH THE ASTERISK THERE 03:27:27.501 --> 03:27:29.737 align:center line:74% position:50% size:80% THAT THERE IS A LOT OF ANALYSIS 03:27:29.737 --> 03:27:30.771 align:center line:74% position:18% size:45% STILL TO BE DONE. 03:27:30.771 --> 03:27:32.006 align:center line:74% position:31% size:68% ANY ADDITIONAL COMMENTS ON 03:27:32.006 --> 03:27:32.540 align:center line:74% position:12% size:15% THIS? 03:27:32.540 --> 03:27:33.240 align:center line:74% position:22% size:55% WE ARE OVER 1:00 P.M. 03:27:33.240 --> 03:27:35.176 align:center line:74% position:50% size:80% SO I WANT TO THANK YOU FOR YOUR 03:27:35.176 --> 03:27:35.676 align:center line:74% position:24% size:58% SHARED INTEREST IN THE 03:27:35.676 --> 03:27:37.144 align:center line:74% position:14% size:30% QUESTIONS. 03:27:37.144 --> 03:27:39.480 align:center line:74% position:40% size:75% AND THE PRESENTATIONS TODAY. 03:27:39.480 --> 03:27:41.916 align:center line:74% position:50% size:80% OUR NEXT COMMITTEE MEETING WILL 03:27:41.916 --> 03:27:43.851 align:center line:74% position:44% size:78% BE SEPTEMBER 7th, AT 9:30 A.M. 03:27:43.851 --> 03:27:47.988 align:center line:74% position:31% size:68% WE HAVE A RELATIVELY SHORT 03:27:47.988 --> 03:27:49.323 align:center line:74% position:22% size:55% AGENDA, MEMORANDUM OF 03:27:49.323 --> 03:27:50.057 align:center line:74% position:40% size:75% AGREEMENTS AND MODIFICATION. 03:27:50.057 --> 03:27:52.593 align:center line:74% position:40% size:75% THE GREEN NEW DEAL JUMP START 03:27:52.593 --> 03:27:54.094 align:center line:74% position:40% size:75% PROARPGZS FOR US TO CONSIDER. 03:27:54.094 --> 03:27:56.063 align:center line:74% position:40% size:75% THIS IS THE BE RECOMMENDATION 03:27:56.063 --> 03:27:57.031 align:center line:74% position:25% size:60% FROM THE GREEN NEW DEAL 03:27:57.031 --> 03:27:59.467 align:center line:74% position:31% size:68% ADVISORY BOARD ON HOW THEY 03:27:59.467 --> 03:28:00.367 align:center line:74% position:36% size:73% WOULD LIKE THEIR UNSPECIFIED 03:28:00.367 --> 03:28:01.101 align:center line:74% position:27% size:63% DOLLARS TO BE DEDICATED. 03:28:01.101 --> 03:28:02.503 align:center line:74% position:24% size:58% AND WE LOOK FORWARD TO 03:28:02.503 --> 03:28:03.737 align:center line:74% position:50% size:80% CODIFYING THEIR RECOMMENDATION. 03:28:03.871 --> 03:28:05.639 align:center line:74% position:33% size:70% AND THEN BECAUSE WE WEREN'T 03:28:05.639 --> 03:28:08.409 align:center line:74% position:36% size:73% ABLE TO GET TO THE QUARTERLY 03:28:08.409 --> 03:28:09.076 align:center line:74% position:36% size:73% SEATTLE RESCUE PLAN SPENDING 03:28:09.076 --> 03:28:11.312 align:center line:74% position:36% size:73% UPDATE, WE WILL HAVE THAT ON 03:28:11.312 --> 03:28:13.180 align:center line:74% position:50% size:80% THE LAST ITEM ON OUR AGENDA FOR 03:28:13.180 --> 03:28:13.547 align:center line:74% position:16% size:38% SEPTEMBER 7th. 03:28:13.547 --> 03:28:15.716 align:center line:74% position:33% size:70% WITH THAT, GREAT TO SEE YOU 03:28:15.716 --> 03:28:15.916 align:center line:74% position:11% size:13% ALL. 03:28:15.916 --> 03:28:21.055 align:center line:74% position:24% size:58% ENJOY THE REST OF YOUR 03:28:21.055 --> 03:28:21.355 align:center line:74% position:14% size:28% AFTERNOON. 03:28:21.355 --> 03:28:21.989 align:center line:74% position:44% size:78% TODAY'S MEETING IS ADJOURNED.