WEBVTT

METADATA
Video-Count: 1
Video-1: youtube.com/watch?v=HHYPlO_855E

NOTE
MEETING SECTIONS:

Part 1 (Video ID: HHYPlO_855E):
- 00:00:50: Introduction: City Council Budget Review Process Begins
- 00:05:16: Councilors' Initial Thoughts on Budget, Fiscal Discipline
- 00:10:57: Budget Overview: Revenue Slowing Amid Rising Costs
- 00:13:38: Revenue Growth Driven by Property Taxes, Excise Projections
- 00:14:58: Expenditures: Health Insurance and Education Costs Dominate
- 00:23:22: Operating Budget Allocation: Education, Safety, Fixed Costs
- 00:27:40: Departmental Budget Reductions: Vacancies, Grants, Savings
- 00:31:14: Maintaining Core Services: Roadways, Youth, Public Health
- 00:35:56: Human Services Preservation: Libraries, PCF, Veterans
- 00:38:18: Councilors Begin Questioning Budget Details and Priorities
- 00:40:08: Councilor Murphy: Grants Reduced, Chess Club Defunded
- 00:46:56: Council President Breadon: Geopolitical Energy Impact
- 00:53:17: Councilor Flynn: City Employee Layoff Concerns, Health Costs
- 00:59:37: Councilor Durkan: Characterizing the City's Financial Situation
- 01:05:56: Councilor Pepen: Safe Route to School Planner Position
- 01:11:59: Councilor Louijeune: Focus on Debt Service
- 01:19:12: Councilor Culpeper: Interest Rate and Vacant Positions
- 01:23:58: Blackwell Advancement Cuts and City Service Prioritization
- 01:26:44: Grant Dependency, Department Cuts, and Debt Policy Review
- 01:32:49: Recess
- 01:42:06: Revenue Growth, Investments, and Partnerships with Entities
- 01:50:17: Reserve Usage Rationale, Nonprofit Funding, and Youth Jobs
- 01:57:10: Long Term Vacancies, Deficits, Revenue Calculations Philosophy
- 02:04:05: Public Comment - Gregory Maynard
- 02:07:08: Public Comment - Lori Ruda
- 02:08:44: Mass and Cass Initiatives, Pension, Vacant Positions, Prop 2.5
- 02:13:06: Treasury Advisors, Black Male Advancement Budget Decisions
- 02:23:33: Department Recommendations, Memos and the Debt Repayment Policy
- 02:29:06: Commercial Values, Revenue, Budget Amendments Review


Part: 1

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BURNING. >> UM. FOR THE RECORD, MY NAME IS BEN WEBER. I'M THE DISTRICT SIX CITY COUNCILOR AND THE CHAIR OF THE BOSTON CITY COUNCIL ON WAYS AND MEANS.

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TODAY IS APRIL 14TH, 2026. THE EXACT TIME IS 1005. THIS HEARING IS BEING RECORDED AND IS ALSO BEING LIVE STREAMED AT BOSTON.GOV/CITY COUNCIL DASH

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TV AND BROADCASTED IT ON XFINITY CHANNEL EIGHT, RCN CHANNEL 82 AND FIOS CHANNEL 964. THE CITY'S BUDGET REVIEW PROCESS UH WHICH UH OFFICIALLY

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STARTS NOW ALTHOUGH WE'VE HAD SEVERAL PRE-BUDGET HEARINGS AND A LISTENING SESSION UH ACTUALLY TO UH HERE UM UH WILL ENCOMPASS A SERIES OF PUBLIC HEARINGS UH,

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BEGINNING NOW AND RUNNING THROUGH JUNE. WE STRONGLY ENCOURAGE RESIDENTS TO TAKE A MOMENT TO ENGAGE IN THIS PROCESS BY GIVING TESTIMONY ON THE RECORD.

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UH, YOU CAN DO SO, UM, SORRY. YOU CAN YOU CAN DO THIS IN SEVERAL WAYS. UH, FIRST YOU CAN ATTEND ONE OF OUR HEARINGS AND GIVE PUBLIC TESTIMONY. YOU WILL WE WILL TAKE PUBLIC TESTIMONY AT THE END OF EACH

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DEPARTMENTAL HEARING. UH, AND ALSO AT TWO HEARINGS DEDICATED TO PUBLIC TESTIMONY. THE FULL HEARING SCHEDULE CAN BE FOUND ON OUR WEBSITE AT

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BOSTON.GOV/COUNCIL-BUDGET. OUR SCHEDULED HEARINGS DEDICATED UH TO PUBLIC TESTIMONY ARE IN PERSON HERE IN CITY HALL ON TUESDAY APRIL 28TH

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AT 6 P.M. AND AGAIN HERE IN CITY HALL IN PERSON ON THURSDAY ,MAY 26TH AT 6 P.M. YOU CAN GIVE TESTIMONY IN PERSON HERE IN THE CHAMBER OR VIRTUALLY VIA

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ZOOM AT ALL OF OUR HEARINGS FOR IN-PERSON TESTIMONY. PLEASE COME TO THE CHAMBER AND SIGN UP UH, ON THE SHEET NEAR THE ENTRANCE FOR VIRTUAL TESTIMONY. YOU CAN SIGN UP USING OUR

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ONLINE FORM ON OUR COUNCIL BUDGET REVIEW WEBSITE OR BY EMAILING THE COMMITTEE AT SQUIRM@BOSTON.GOV OR BY EMAILING UH, CHRIS MITCHELL ON

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IT. CHRISTMAS CAR IS H M A TAXI. OH YOU HAND AT BOSTON DECK

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OF UM WHEN YOU ARE CALLED TO TESTIFY PLEASE STATE YOUR NAME AND AFFILIATION. RESIDENTS AND UH, LIMIT YOUR COMMENTS, UH, TO A FEW MINUTES OR TWO MINUTES UH UH FOR EACH

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UH, PERSON GIVING PUBLIC TESTIMONY. UM, AND JUST MAKE SURE YOU'RE PREPARED FOR THAT TIME LIMIT SO YOU CAN YOU HAVE ALL YOUR CONCERNS HEARD BY US EMAIL YOUR WRITTEN TESTIMONY UH, IF YOU

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HAVE IT TO THE COMMITTEE AT 6 A.M. AT BOSTON.GOV. UM YOU CAN ALSO SUBMIT A TWO MINUTE VIDEO OF YOUR TESTIMONY THROUGH THE FORM ON OUR WEBSITE.

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UH FOR MORE INFORMATION ON THE CITY COUNCIL BUDGET PROCESS AND HOW TO TESTIFY, PLEASE VISIT THE CITY COUNCIL'S BUDGET WEBSITE AT BOSTON.GOV/COUNCIL-BUDGET IN

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PERSON PUBLIC TESTIMONY WILL BE TAKEN AT THE BEGINNING OF THIS HEARING FOLLOWING THE PANELIST PRESENTATION, INDIVIDUALS WILL BE CALLED IN THE ORDER IN WHICH THEY WERE SIGNED UP. UM AND WE'LL HAVE TWO MINUTES

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TO TESTIFY IF YOU WISH TO SIGN UP FOR PUBLIC TESTIMONY. YOU'VE NOT DONE SO ALREADY. UH, PLEASE UH, EITHER SIGN IN ON THE SHEET THAT'S UH OVER THERE NOW OR UH UH, EMAIL UH,

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OUR STAFF LIAISON AT YOU KNOW CHRISTMAS AND IT'S CRY SAHM A. OKECHUKWU H AND@BOSTON.GOV FOR THE ZOOM LINK AND YOUR NAME

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WILL BE ADDED TO THE LIST. TODAY'S HEARING IS ON DOCKET NUMBERS 073320740. AN OVERVIEW OF THE FY 27

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OPERATING BUDGET. THIS IS ONE IN A SERIES OF HEARINGS WE'LL BE CONDUCTING ON THE FOIA FISCAL YEAR 27 BUDGET. THESE MATTERS WORSE SPONSORED BY UH MAYOR MICHELLE WU AND

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WERE REFERRED TO THE COMMITTEE ON APRIL 8TH, 2026. UH, TODAY I'M JOINED BY MY COLLEAGUES IN ORDER OF ARRIVAL COUNCILOR MURPHY, COUNCIL PRESIDENT BREADON AND

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COUNCILOR FLYNN. WE'VE RECEIVED A LETTER OF ABSENCE FROM COUNCILOR COLLETTA ZAPATA. UH, I YOU KNOW, I SO WE'RE BECAUSE WE HAVE A LOT OF WORK

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AHEAD OF US AND A LOT OF HEARINGS WE'RE NOT GOING TO BE DOING OPENING STATEMENTS AT THESE HEARINGS BUT BECAUSE TODAY'S THE FIRST AND BECAUSE THERE'S ONLY THREE OF YOU IF ANYONE WANTS UH, ONE MINUTE EACH TO SAY ANYTHING, UH,

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COUNCILOR MURPHY. THANK YOU. >> CHAIR COULD COULD YOU EXPLAIN? UH, ARE YOU GOING TO WE ALREADY? UH, WELL YEAH. SO BUT. BUT MY MY MIND. >> YOU KNOW. OH. >> SO SO YEAH. UM. >> THANK YOU.

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COULD YOU JUST CLARIFY BEFORE WE START SEEING THOUGH THIS IS THE BEGINNING OF MANY WHAT YOU MEANT BY THERE WILL NOT BE OPENING STATEMENTS. YEAH. >> SO, UH, SOMETIMES IN SOME HEARINGS EVERY COUNCILOR GETS AN OPENING. STEVE. YEAH.

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BEFORE WE. BEFORE WE GO TO GO TO THE PANEL AND GO TO QUESTIONS, UH, BECAUSE WE'RE GOING TO BE SPENDING A LOT OF TIME I YOU YOU CAN GIVE AN OPENING STATEMENT AS PART OF YOUR

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QUESTIONS BUT WE'RE NOT GOING TO HAVE THAT PART. I THINK UH, COUNCILOR EARLE DID THAT LAST YEAR AND AND I THINK IT WAS EFFECTIVE IN MAKING THE HEARINGS MORE EFFICIENT. BUT BECAUSE TODAY IS THE FIRST

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ONE IF YOU WANT TO SAY. OR JUST SOMETHING. >> SURE. I ALWAYS WANT TO SAY SOMETHING . UM, THANK YOU AGAIN FOR BEING HERE.

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HAVE SOME OBVIOUSLY QUESTIONS AND SOME CONCERNS KNOWING THAT YOU KNOW, WE GOT THE BUDGET I GUESS WAS FORMALLY SHARED LAST

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WEDNESDAY AND SINCE THEN HAVE BEEN HEARING DIRECTLY FROM ORGANIZATIONS FROM STUDENTS. SO LOOKING FOR SOME CLARIFICATION AND I HOPE THROUGH THE SLIDES AND YOUR

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PRESENTATION AND THEN JUST QUESTIONS ANSWERED. BUT ONE EMAIL THAT WAS FORWARDED TO ME FROM THE EIGHT STRONG COMMISSION YESTERDAY WAS NOTIFYING A NONPROFIT PROVIDER

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THAT CERTAIN GRANTS WOULD NO LONGER BE FUNDED AND SINCE THEN ,UM, I'VE RECEIVED OUTREACH FROM STUDENTS THAT THEIR JOBS ARE BEING CUT AND OTHER YOUTH

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EMPLOYMENT OPPORTUNITIES THAT ARE TIED TO COMMUNITY BASED ORGANIZATIONS. SO I HEARD IT'S JUST A RUMOR THOUGH THAT MAYBE THE CITY STARTED SENDING OUT EMAILS ON

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FRIDAY AND ORGANIZATIONS, NONPROFITS, INDIVIDUALS ARE FINDING OUT THAT, YOU KNOW, OPPORTUNITIES OR JOBS THEY HAD OR GRANTS THEY WERE FUNDING ARE NO LONGER BEING FUNDED.

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AND IT DOES TIE TO THE QUESTION THAT I THINK FOUR TIMES NOW, CHRIS, UM, I'VE PUT ON THE RECORD AND WHEN I HAD MY ONE ON ONE WITH MICHELLE WITH MAYOR WU, IT WAS THE ONLY QUESTION I

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ASKED TO SEE LIKE BACK IN WAS IT DECEMBER JANUARY WHEN WE REACHED OUT TO EACH DEPARTMENT SAYING WE NEED TO MAKE SOME CUTS? WHAT WAS THAT COMMUNICATION TO EACH DEPARTMENT AND WHAT DID

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THEY SEND BACK? AND NOW SEEING THAT WE DO HAVE THE BUDGET IN FRONT OF US, I THINK IT'S STILL IMPORTANT TO SEE THAT BECAUSE I DO WANT TO LINE UP WHERE THE CUTS WERE MADE AND HOW ARE WE COMMUNICATING AND WHAT ARE WE

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GOING TO DO ABOUT IT. THANK YOU. OKAY. >> THANK YOU, COUNCILOR MURPHY. COUNCILOR UH, BREADON, DO YOU HAVE UH. UM NO, I THINK OKAY, I HAVE MY TIME FOR SURE. UH, COUNCILOR FLYNN ONE MINUTE. THANK YOU, MR CHAIR.

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I'LL BE ONE MINUTE. I WANT TO SAY THANK YOU TO THE CHAIR ADMINISTRATION TEAM THAT IS HERE. OVER THE LAST SEVERAL. YEARS I'VE FOCUSED. AND ADVOCATED FOR US TO BE MORE

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FISCALLY DISCIPLINE AND FISCALLY RESPONSIBLE, TRANSPARENT AND ACCOUNTABLE TO THE TAXPAYERS OF THE CITY. I PROPOSED SEVERAL WAYS TO GET OUR ECONOMY MOVING AGAIN

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INCLUDING A CITY CITY COUNCIL BLUE RIBBON COMMISSION THAT WAS APPROVED TWICE WHICH WOULD ENCOURAGE UM AND SUPPORT BUSINESSES IN DOWNTOWN BOSTON.

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I KNOW OUR ECONOMY IS STRUGGLING, ESPECIALLY ECONOMIC DEVELOPMENT AND I PROPOSE REDUCING THE IDP. I PROPOSE REDUCING THE REGULATIONS THAT WE HAVE ON

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BERTO. I WANT TO SEE. CITY WORKERS AND. BUSINESSES BACK TO WORK. I DO BELIEVE THE RENT CONTROL DEBATE. IS HURTING. FINANCIAL INVESTORS THAT WANT

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TO COME TO BOSTON. BUT I WANT TO SUPPORT A PRO-BUSINESS CLIMATE IN THE CITY SO BUSINESSES UNDERSTAND THAT BOSTON IS OPEN AND AND WELCOMING TO BUSINESSES.

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WE HAVE TO CHANGE THE PERCEPTION THAT UM THAT WE ARE ANTI-BUSINESS BUSINESSES HELP PAY FOR OUR SCHOOLTEACHERS, FOR OUR ROADS, FOR OUR BRIDGES SUPPORTING OUR ELDERLY.

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UH, MR CHAIR, THANK YOU. OKAY. THANK YOU VERY MUCH. WE'RE JOINED BY COUNCILOR SHARON DURKAN. UH, I YOU KNOW, I'M JUST WE'RE GENERALLY WE'RE WAVING OPENING STATEMENTS. UH, PEOPLE CAN GIVE STATEMENTS

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DURING THEIR QUESTIONS. THANK YOU. >> WELL, I'M EXCITED TO DIG IN THEN. OKAY. >> OKAY. DO. UH, YOU KNOW, I JUST, UH, A BRIEF STATEMENT FOR ME, YOU KNOW, UM, I THINK WHAT WE'RE

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SEEING IS A BUDGET WHERE WE'RE HAVING TO WE HAVE BUDGET DEFICITS THIS YEAR. UH, WE'RE GOING TO LOOK HOW THAT'S GOING TO IMPACT NEXT YEAR. UH, FOR ME, A QUESTION I'D LIKE TO ANSWER OVER THE COURSE

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OF THESE HEARINGS IS, YOU KNOW, IS THIS, UH, SORT OF A CONDITION. THAT'S GOING TO CONTINUE ON INTO THE FUTURE IS NOT LIKE ONE THING THAT WE CAN POINT TO LIKE A HOUSING CRISIS OR A.COM

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BUBBLE OR OR SOMETHING WE JUST SORT OF HAVE THE COSTS INCREASE AND THE AMOUNT OF REVENUE THAT WE CAN RAISE DOESN'T INCREASE AS FAST, YOU KNOW, HOW ARE WE GOING TO PLAN FOR THE FUTURE IN AN ENVIRONMENT WHERE UM.

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YOU KNOW. UH RIGHT NOW IT'S IT'S UH IT'S HARD IT'S HARD TO DO ALL THE THINGS THAT WE WANT AS A CITY. UM, AND YOU KNOW, WHETHER THIS. IS GOING TO. CONTINUE ON INTO THE FUTURE.

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SO WE'VE BEEN JOINED BY CHIEF FINANCIAL OFFICER ASHLEY GRIFFIN BURGER AND BUDGET DIRECTOR JIM WILLIAMSON. UM, I BELIEVE YOU HAVE UH, A PRESENTATION. SO I'M. >> GOING.

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TO HAND THIS OFF TO YOU. IT'S UM THANK YOU, MR CHAIR. THANK YOU. GOOD MORNING. COUNCILORS. THANKS FOR HAVING US. UM, EXCITED TO KICK OFF THIS VERY IMPORTANT PHASE OF THE BUDGET PROCESS FOR THIS YEAR.

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SO THANK YOU FOR TAKING, UH, A LOT OF TIME WITH US TODAY. UM, WE'LL WALK THROUGH A COUPLE OF SLIDES RELATED TO THE BUDGET AND THEN LOOK FORWARD TO YOUR QUESTIONS.

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UH, SO THE FY 27 RECOMMENDED BUDGET UH, IS $4.9 BILLION AND IS A THOUGHTFUL, RESPONSIBLE FINANCIAL PLAN THAT HONORS THE CITY'S COMMITMENTS, PRIORITIZES MEETING OUR LONG TERM

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OBLIGATIONS, UH, AND PROTECTING CORE CITY SERVICES WHILE SETTING BOSTON UP FOR THE FUTURE. THE RECOMMENDED OPERATING BUDGET IS PROJECTED TO GROW BY JUST 2.1% OR 99.4 MILLION, THE

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LOWEST RATE OF GROWTH IN RECENT YEARS. REVENUES CONTINUE TO GROW BUT ARE OUTPACED BY SIGNIFICANT COST INCREASES, PARTICULARLY IN HEALTH INSURANCE AND PUBLIC

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EDUCATION COSTS, WHICH NECESSITATED DIFFICULT CHOICES IN ORDER TO DELIVER THIS BALANCED BUDGET. AS A RESULT OF THIS SLOWER GROWTH, CITY DEPARTMENT BUDGETS OVERALL DECREASED BY 1.3% OR

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20.4 MILLION. THESE REDUCTIONS WERE NOT TAKEN LIGHTLY NOR WERE THEY EASY BUT WERE NECESSARY IN ORDER TO PRESERVE SERVICES AND FILLED

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POSITIONS IN THE CITY. THE FY 27 BUDGET IS COMING AT A TIME OF STRAIN FOR MUNICIPALITIES ACROSS THE COMMONWEALTH, DRIVEN BY COSTS THAT OUTPACE THE GROWTH ALLOWED

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UNDER MUNICIPALITY'S MAIN REVENUE SOURCE UH PROPERTY TAX UH CONSTRAINED BY PROP TWO AND A HALF. DESPITE THIS CONSTRAINT AND CHALLENGE, THE CITY MAINTAINS ITS COMMITMENT TO RESPONSIBLE

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BUDGET MANAGEMENT AND UNLIKE OTHER MUNICIPALITIES IN THE COMMONWEALTH THIS YEAR THIS RECOMMENDED BUDGET DOES NOT RELY ON ADDITIONAL TAX REVENUE IN THE FORM OF A PROP TWO AND A HALF OVERRIDE.

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NOR DOES IT INCREASE ITS USE OF RESERVES TO SUPPORT ONGOING EXPENDITURES, ENSURING THAT WE DO NOT CREATE A FISCAL CLIFF FOR OURSELVES IN FY 28 AND BEYOND. RATHER, THIS BUDGET

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APPROPRIATELY ALIGNS SPENDING WITH EXPECTED REVENUE GROWTH. WE CONTINUE TO CLOSELY MONITOR IMPACTS OF FEDERAL POLICIES WHETHER DIRECTLY ON THE CITY OR IN THE OVERALL LOCAL ECONOMY.

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AND WE BELIEVE THAT THE FY 27 RECOMMENDED BUDGET IS THOUGHTFUL AND RESPONSIBLE AND PUTS US IN THE BEST POSITION TO MANAGE THROUGH THE CURRENT ECONOMIC ENVIRONMENT.

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SO I'LL WALK THROUGH TWO CHARTS REAL QUICK TO PROVIDE KIND OF CONTEXT FOR REVENUE AND EXPENDITURE GROWTH. UH, SO UM AND WE HAVE A LOT MORE ON THIS I'LL I'LL BREEZE THROUGH THIS BUT REVENUE GROWTH

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IS PRIMARILY DRIVEN BY PROPERTY TAX AND THIS BUDGET WHICH WHILE CONSTRAINED REPRESENTS A STABLE AND GROWING SOURCE OF REVENUE. THE RECOMMENDED BUDGET ASSUMES THAT WE WILL MAXIMIZE UP TO THE LEVY LIMIT AND MAKES AN

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ASSUMPTION FOR NEW GROWTH UH, AT $40 MILLION WE HAVE ALSO ASSUMED INCREASE USE OF WHAT'S KNOWN AS AVAILABLE FUNDS THROUGH AN INCREASE USE IN THE PARKING METER FUND TO SUPPORTS

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TO SUPPORT STREET OPERATIONS IN THIS BUDGET AND STATE AID WHILE OUR SECOND LARGEST SOURCE OF REVENUE IS ONLY PROJECTED TO GROW BY 14 MILLION CONSISTENT WITH THE GOVERNOR'S BUDGET FROM

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JANUARY 2026. UH, WE ARE CONTINUING TO PROJECT MODEST GROWTH IN EXCISES BUT THAT REMAINS RELATIVELY STABLE AND THEN CONSISTENT WITH THE CURRENT FISCAL YEAR, WE ARE PROJECTING

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MODEST REDUCTIONS IN REVENUE FROM DEPARTMENTS AND LICENSES AND BUILDING PERMITS. AND UH LASTLY, WE CONTINUE TO ASSUME A REDUCTION IN INTEREST INCOME DUE TO EXPECTED RATE

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CUTS DURING THE YEAR. UH, ON THE EXPENDITURE SIDE, THAT REVENUE GROWTH IS ENTIRELY CONSUMED BY PROJECTED GROWTH IN HEALTH INSURANCE COSTS AND PUBLIC EDUCATION.

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UH THE HEALTH INSURANCE COSTS ALONE REPRESENT AN INCREASE OF JUST OVER 97 MILLION OVER FY 26. UM THIS IS DUE TO THE THINGS WE'VE BEEN TALKING TO YOU ALL ABOUT FOR UM, YOU KNOW, THE

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LAST COUPLE OF MONTHS, UM, THE NEED TO INCREASE EMPLOYER CONTRIBUTIONS TO HEALTH INSURANCE, UM, AS A RESULT OF INCREASED COST OF HEALTH CARE, THE RISE IN GLP ONE USAGE

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AND THE NEED TO REBUILD OUR UM HEALTH INSURANCE TRUST FUND. UM, AND I JUST WANT TO OH, SORRY I DIDN'T MOVE. UH, I WANT TO BE CLEAR THAT THE, UM, UH, 97.3 MILLION IN

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HEALTH INSURANCE COSTS TAKES INTO ACCOUNT THE UM, SAVINGS ASSOCIATED WITH UTILIZATION MANAGEMENT, WHICH WE WERE ABLE TO NEGOTIATE WITH OUR UNION PARTNERS. UM, JUST A FEW WEEKS AGO, UH,

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PUBLIC EDUCATION COSTS WHICH REPRESENT THE COSTS ASSOCIATED WITH EXCLUDING HEALTH INSURANCE AS WELL AS OUR CHARTER SCHOOL, UH, CONTRIBUTION REPRESENTS $50

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MILLION IN GROWTH WITH DPS UH REPRESENTING ABOUT 40 MILLION OF THAT AND THE BALANCE THE 10 MILLION FROM CHARTER SCHOOLS UM THE 40 MILLION UH ASSUMED GROWTH IN DPS UH, LIKE I SAID

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IS THE NON-HEALTH INSURANCE COMPONENT OF THEIR BUDGET GROWTH UM AND REPRESENTS INCREASED COSTS FROM WAGES, UM AND OTHER CONTRACTUAL OBLIGATIONS UH AT THE SCHOOL DISTRICT.

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UM LASTLY, WE'RE PROJECTING MODEST GROWTH IN FIXED COSTS AND OTHER CENTRAL APPROPRIATIONS UH NOTABLY ASSUMED UH INCREASES IN OUR COLLECTIVE BARGAINING RESERVES,

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OUR STATE ASSESSMENTS AND UM THE RESERVE FOR EXECUTION OF COURTS IN ORDER TO ACCOMMODATE THIS GROWTH. THE BUDGET MAKES A NUMBER OF TARGETED REDUCTIONS.

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UM, CENTRALLY WE ARE ASSUMING UM, REDUCTIONS FROM BOTH UH, OUR PENSION SCHEDULE AS WELL AS UM DEBT SERVICE. UH, SO ON THE PENSION SIDE, THE

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RETIREMENT BOARD IN MARCH VOTED TO ADOPT A REVISED CONTRIBUTION SCHEDULE WHICH WOULD UM WE'RE CALLING IT THE GLIDE PATH APPROACH WHICH WOULD STEP DOWN OUR CONTRIBUTION.

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UM, AND UH, THIS YEAR AND GOING FORWARD, UH, WHILE STILL MAINTAINING OUR UH, DATE OF FULL FUNDING THE SYSTEM BY 2028. UM, THIS APPROACH NOT ONLY

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PROVIDES SOME SHORT TERM BUDGET RELIEF BUT ALSO UM, RESULTS IN A SYSTEM THAT IS UH OVERFUNDED 105% FUNDED BY 2031, WHICH IS

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ULTIMATELY WILL ALLOW US TO UM, PROTECT THE SYSTEM AND ITS FUNDING STATUS AGAINST MARKET VOLATILITY. AND ON THE DEBT SERVICE SIDE, WE ASSUME SOME UH, MODEST SAVINGS FROM UH A RESTRUCTURING

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AND A REFUNDING UM OF PRIOR DEBT ISSUANCES. AND THEN AS WE MENTIONED, CITY DEPARTMENTS REPRESENT THE UH REMAINDER OF THE SAVINGS ABOUT

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$20.4 MILLION. OKAY. UH, WE'LL DIG IN A LITTLE MORE TO THE REVENUE. UM, SO AS I MENTIONED, UM, YOU

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KNOW, PROPERTY TAX CONTINUES TO BE A DEPENDABLE SOURCE OF REVENUE IN THIS BUDGET. THE OVERALL PROPERTY TAX REPRESENTS ABOUT 73% OF OUR TOTAL REVENUES. UM, AND ACCOUNTS FOR, YOU KNOW,

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ALMOST ENTIRELY ALL OF THE GROWTH IN OUR IN OUR BUDGET BUDGETED REVENUE. UM, WE'RE ASSUMING MODEST INCREASES IN EXCISE REDUCTIONS IN INTEREST ON INVESTMENTS PERMITTING AND DEPARTMENTAL

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REVENUE. UM, BUT OVERALL WE BELIEVE THIS IS A RESPONSIBLE REVENUE FORECAST, UM, THAT IS REFLECTIVE OF OUR CURRENT

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ECONOMIC SITUATION. UH, WE COULDN'T COME BEFORE YOU WITHOUT A PIE CHART. SO THIS IS JUST A VISUAL REPRESENTATION OF OUR REVENUES AGAIN, PROPERTY TAX REPRESENTING, UH, THE LION'S

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SHARE OF OUR TOTAL REVENUE. UH, HERE WE HAVE A BREAKDOWN OF REVENUE SOURCES A SHARE OF TOTAL BUDGET AS WELL AS CHANGES BETWEEN FY 26 AND 27.

95
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UM, SO QUICKLY IN FY 27, LIKE I MENTIONED, UH, PROPERTY TAX WILL REPRESENT UM THE GREATEST SHARE OF OUR REVENUE AT 73.1% FOLLOWED BY STATE AID AT 10.9% .

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UH DEPARTMENTAL AND OTHER LOCAL REVENUES INCLUDING INTEREST IS UH IN TOTAL 7.9% OF OUR BUDGET AND EXCISE REPRESENTS 6.4%

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OF OUR BUDGETED REVENUE. UH, TO DRILL IN A LITTLE BIT MORE ON PROPERTY TAX. SO UM, LIKE I MENTIONED, PROJECTED TO GROW UM REPRESENTS

98
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ABOUT 73% OF OUR REVENUE. UM, IN FY 27 THE COMBINATION OF THE 2.5% ALLOWABLE LEVY INCREASE AND A CONSERVATIVE ASSUMPTION FOR NEW GROWTH UH, A

99
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40 MILLION UH AND AN ADJUSTMENT TO COVER PROPERTY TAX ABATEMENTS ARE PROJECTED TO INCREASE PROPERTY TAX REVENUE BY 126 MILLION OR 3.6% OVER F Y 26.

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UH PROPERTY TAX HAS CONSISTENTLY GROWN OVER THE LAST SEVERAL YEARS AS YOU CAN SEE UH PROVING TO BE A VERY RELIABLE AND STABLE UH SOURCE OF REVENUE FOR THE CITY DESPITE BEING CONSTRAINED.

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AND IT'S IMPORTANT TO NOTE HERE AGAIN, UM, THAT PROPERTY VALUES DO NOT IMPACT THIS REVENUE PICTURE. UM, THE BUDGET ASSUMES GROWTH CONSISTENT WITHIN THE LIMITS OF PROP TWO AND A HALF AND DOES

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NOT MAKE ANY ASSUMPTIONS ABOUT CHANGES IN VALUES OR TAX RATES. UH, ON THE STATE AID SIDE, UH STATE AID REPRESENTS JUST ABOUT 11% OF OUR GENERAL FUND REVENUE

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. UM, AS I MENTIONED, THIS IS REPRESENTATIVE OF THE NUMBERS THAT WERE IN THE GOVERNOR'S BUDGET IN JANUARY. I BELIEVE THE HOUSE WAYS AND MEANS BUDGET COMES OUT SOON. UM, SO WE WILL REVIEW THAT WHEN

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THAT COMES OUT. UM, BUT AS OF RIGHT NOW THIS IS REFLECTIVE OF THE GOVERNOR'S ASSUMPTION. UH, WHILE THE OVERALL AMOUNT OF REVENUE FROM STATE AID IS PROJECTED TO SLIGHTLY INCREASE BY 14 MILLION, THE CITY

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EVALUATES STATE AID ON A NET BASIS, UH, MEANING AID REMAINING AFTER SUBTRACTING ASSESSMENTS THAT WE HAVE TO PAY BACK TO THE STATE UH, WHEN MATCHED UP AGAINST OUR VARIOUS STATE ASSESSMENTS, THIS AMOUNTS

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00:21:10.502 --> 00:21:21.179
TO $1 MILLION INCREASE IN OUR STATE AID NET STATE AID COMPARED TO FY 26. UH, ADDITIONALLY, NET EDUCATION AID CONTINUES TO BE NEGATIVE. UH NET EDUCATION AID IS OUR

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00:21:21.179 --> 00:21:32.791
CHAPTER 70 UH AMOUNT PLUS OUR CHARTER REIMBURSEMENT MINUS OUR CHARTER ASSESSMENT. AND SO THAT CONTINUES TO BE NEGATIVE AS IT WAS LAST YEAR. UM BUT IN THE BIGGER PICTURE

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STATE AID HAS FALLEN SIGNIFICANTLY OVER THE PAST TWO DECADES, UH, WHEN IT MADE UP ALMOST ABOUT A QUARTER OF THE CITY'S GENERAL FUND UH, WHICH HAS SINCE INCREASED RELIANCE ON PROPERTY TAXES AND OTHER

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REVENUE SOURCES. UM, JUST QUICKLY ON THE EXCISE PICTURE. SO TOTAL EXCISE TAXES ARE PROJECTED TO BE 315 MILLION OR 6.4% OF GENERAL FUND REVENUE IN

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27. UM, AS YOU CAN SEE THIS HAS BEEN A PRETTY CONSISTENT SOURCE OF REVENUE FOR US HOVERING AROUND THAT AMOUNT. UM, SO WE'RE BUDGETING ACCORDINGLY. UM, AND JUST AS A REMINDER, UH,

111
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EXCISE IS COMPRISED OF MOTOR VEHICLE ROOMS AND MEALS AND OTHER SUCH AS UH JET FUEL MARIJUANA UM AND SHORT TERM RENTAL.

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UH AND LASTLY FOR ME, UM JUST A VISUAL REPRESENTATION HERE OF THE UM INTEREST ON INVESTMENTS. UM, SO THIS SOURCE OF REVENUE FOR US REALLY PEAKED IN FY 24

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AND WE'VE BEEN UM, SLOWLY RAMPING THAT DOWN UH, KIND OF CONSISTENT WITH THE ASSUMED RATE CUTS UH, FROM THE FED. UM, IN THIS BUDGET WE ARE ASSUMING $40 MILLION IN

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INTEREST INCOME, WHICH IS A UH 50% REDUCTION FROM FY 26. UH, AND WE ARE UH ASSUMING IN HERE AT LEAST TWO RATE CUTS UM,

115
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UH WHICH IS DRIVING THE UH DOWNWARD ADJUSTMENT IN THIS REVENUE SOURCE. BUT I THINK WHAT'S IMPORTANT TO NOTE IS PRIOR TO THIS HIGH INFLATIONARY ENVIRONMENT WE WERE UM, GENERATING MUCH LESS

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MONEY, UH, FROM INTEREST INCOME. SO WANT TO HAVE IT REFLECT MORE, UH, NORMAL HISTORIC LEVELS OF FUNDING. OKAY. >> SO WITH THAT I'LL TURN IT OVER TO JIM. GREAT. >> THANK YOU.

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ASHLEY. SO UM, ON THE EXPENDITURE SIDE ,UH, HERE IS A VISUAL REPRESENTATION OF HOW THE, UH, ANNUAL OPERATING BUDGET IS DIVIDED UH, SORT OF THE

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COMPLEMENT TO THE THE REVENUE DIVISION. SO THE LARGEST COMPONENT OF UM IF YOU HAVE FY 27 ANNUAL OPERATING BUDGET, IT HAS AS IT HAS BEEN FOR MANY YEARS IS PUBLIC EDUCATION.

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UH, YOU KNOW, THIS IS INCLUDES BOTH THE BOSTON PUBLIC SCHOOLS AS WELL AS THE CHARTER SCHOOL ASSESSMENT, UH, THEN FOLLOWED BY PUBLIC SAFETY, UH AGENCIES,

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UM, UH FIXED COSTS WHICH ARE ARE OFTEN THE OPERATIONAL COMPONENTS OF UH DELIVERING SERVICE AS WELL. SO UH THAT'S WHERE THE DEBT SERVICE IS PAID TO SUPPORT THE

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00:24:06.044 --> 00:24:17.322
CONSTRUCTION OF CITY ASSETS THAT BASICALLY ARE THE TOOLS TO DELIVER UH, CITY SERVICES AS WELL AS UM THE PENSION SUPPORTS, UH, YOU KNOW, THE LARGEST ASSET UH, THE CITY OWNS

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WHICH IS A HUMAN CAPITAL ASSET THAT'S THE CITY EMPLOYEES WHO PROVIDE THE SERVICES EVERY DAY . UH, AND THEN THE SMALLER SLICES AS THEY GO DOWN CITY

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DEPARTMENTS, UM, UH, WAGES AND BENEFITS, WHICH IS A COMPONENT OF HEALTH INSURANCE, UH, THE OPEB APPROPRIATION, UH, COLLECTIVE BARGAINING RESERVE, UH, AND MEDICARE ALL THOSE ARE

124
00:24:39.044 --> 00:24:50.422
SORT OF BUNDLED IN THAT IN THAT PIE. MOVING INTO A COMPLIMENTARY SORT OF UH, CHART OF UM HOW THE

125
00:24:50.422 --> 00:25:02.868
BUDGET IS IS DIVIDED IN TERMS OF APPROPRIATIONS VERSUS FIXED COSTS. SO ON THE APPROPRIATION SIDE, UM, WE'VE UM SORT OF COMMUNICATED UH, THE BUDGET BRIEFING ON WEDNESDAY MORNING

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WE TALKED ABOUT HOW CITY DEPARTMENTS IT'S ALSO UH CAPTURED IN UM THE THE GROWTH CHART THAT ACTUALLY RECEIVED DEPARTMENTS ARE UH REDUCING BY

127
00:25:12.944 --> 00:25:25.190
$20 MILLION OR 1.3%. UH PUBLIC HEALTH IS GROWING UH MAINLY UH UH CENTERED AROUND UM HEALTH AND HEALTH BENEFITS. UH THERE'S A PENSION COMPONENT

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AS WELL THAT SITS IN ITS PUBLIC HEALTH COMMISSION UH BOSTON PUBLIC SCHOOLS ALTHOUGH IT SAYS UH 88,000,055.4% BUT WHEN YOU ADJUST FOR FOR UM FOR HEALTH

129
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INSURANCE IT'S IT'S MORE IN THE 40 MILLION OR 2.7% INCREASE. UM, COLLECTIVE BARGAINING IS SORT OF JUST THAT AMOUNT THAT'S RESERVED FOR OPEN CONTRACTS TO SETTLE.

130
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AND THE OPEB HAS BEEN HELD UH, CONSTANT WITH THE ALIGNMENT IN THIS CASE TO UH IT'S UH UM NOT RECURRING REVENUE OF UH FREE CASH THAT SUPPORTS UH AND OTHER

131
00:25:59.858 --> 00:26:12.904
OTHER CENTRAL FUNDS ARE INCLUDED THINGS LIKE HEALTH INSURANCE, UM, YOU KNOW, MEDICARE WORKERS COMP SOME CENTRAL FUNDS THAT SUPPORT ALL OF THE CITY DEPARTMENTS.

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00:26:12.904 --> 00:26:24.382
MOVING INTO THE FIXED COST UH, CATEGORY. UM, YOU KNOW, WE HAVE PENSION SO UH, ACTUALLY TALKED ABOUT HOW WE WE TOOK THE THE OPPORTUNITY TO UM LOOK AT OUR

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00:26:24.382 --> 00:26:35.293
LONG TERM LIABILITIES, SEE WHERE THERE IS AN OPPORTUNITY TO TO MAKE MAKE SOME CHANGES TO SORT OF UM, RELIEVE SOME PRESSURE ON UH, NEEDED CHANGES THAT MAY BE NEEDED TO HAVE HAPPENED AT THE DEPARTMENT

134
00:26:35.293 --> 00:26:46.471
LEVEL. SO WITH PENSIONS, UM, UNDER THE NEW SCHEDULE WE WERE ABLE TO SAVE, UH, $25 MILLION. UH, THE APPROPRIATION IS GOING DOWN 5.3% DEBT SERVICE UH, DOWN

135
00:26:46.471 --> 00:26:55.947
$13 MILLION. UM, YOU CAN SEE THAT THIS IS THE THE COMPLIMENT THAT GOES INTO PUBLIC EDUCATION. THIS IS THE GROWTH IN UH, THE CHARTER SCHOOL ASSESSMENT UH UH

136
00:26:55.947 --> 00:27:07.993
,THE CITY BOSTON IS ALSO ASSESSED FOR ITS UM UH IT'S ONE OF THE COMMUNITIES THAT BENEFIT FROM HAVING THE MBTA AND UM AND UM CITY BOUNDARIES. SO THAT WENT UP BY $3 MILLION.

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UH, AND THE OTHER ASSESSMENTS WERE ROUGHLY THE SAME AND WE'RE WE'RE ALSO UH, STILL WORKING OFF THE SORT OF UH, UNFUNDED PENSION LIABILITY OF THE FORMER UH, CITY AGENCY OF SUFFOLK

138
00:27:18.103 --> 00:27:29.547
COUNTY SHERIFF AND THE RESERVE IS A COMPONENT OF UH, UM STATE LAW THAT REQUIRES US TO MAINTAIN UM, UH, ON OUR BALANCE SHEET RESERVE, UH, CALLED THE TRIGGER RESERVE.

139
00:27:29.547 --> 00:27:40.625
UH, IT WAS NOT A REQUIREMENT THIS YEAR BASED ON, UH, PAYMENTS MADE IN, UH, THE PRIOR YEAR. UH.

140
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SO, UM, UH, WE'LL START TO TALK ABOUT, YOU KNOW, THAT COMPONENT OF THE THE DEPARTMENTAL REDUCTIONS UH, TARGETED REDUCTIONS THAT UM, WE'VE TALKED ABOUT UM, AS WE APPROACH

141
00:27:52.837 --> 00:28:02.947
UH, DEPARTMENTAL HEARINGS IN THE COMING WEEKS, YOU'LL YOU'LL PROBABLY GET MORE UM UH MORE NUANCE IN UH UM YOU KNOW, UH COLOR ON THOSE BUT IT INCLUDES

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00:28:02.947 --> 00:28:14.793
UH, VACANT POSITION REDUCTIONS AND SALARY SAVINGS EQUIVALENT TO UH 785 POSITIONS. SO THAT'S LIKE INCREASING THE AMOUNT OF SALARY SAVINGS OVER UM, WHAT WAS INCLUDED IN THE 26

143
00:28:14.793 --> 00:28:26.037
BUDGET? UH, IT'S A COMBINATION OF REDUCTION OF LONG TERM VACANCIES. SO WE'RE ALWAYS TRACKING WHERE POSITIONS UH, WHEN'S THE LAST TIME THEY WERE FILLED? UH, AND THEN ALSO JUST THROUGH

144
00:28:26.037 --> 00:28:36.214
THIS CONTROLLED HIRING PROCESS THAT WE'VE SORT OF FIRST ROLLED OUT AND IN DECEMBER SORT OF CONTINUED ON IN THE MARCH SORT OF UM UH SPENDING UH

145
00:28:36.214 --> 00:28:47.892
CONTROL CONTINUATION UH IT'S SORT OF A MORE MODERATED APPROACH TO FILLING VACANCIES. UH BUT UH, WE DID WE DID BECAUSE UH, CITY EMPLOYEES ARE THE ARE THE PRIMARY DELIVERY

146
00:28:47.892 --> 00:28:58.503
OF CITY PROGRAMING SERVICES. THERE ARE NO CITY, UH, LAYOFFS UH, CONTEMPLATED IN THIS BUDGET. UH, AGAIN UH, IT WAS THE STRATEGIC MANAGEMENT OF THOSE LONG TERM LIABILITIES THAT

147
00:28:58.503 --> 00:29:09.981
ACHIEVED THAT SAVINGS IN IN SPIRIT AND YOU KNOW, FURTHER MORE PAINFUL OR CHALLENGING CUTS TO TWO DEPARTMENTS. UM, IT MAKES THESE TARGETED REDUCTIONS TO CITY DEPARTMENTS WHILE PROTECTING THE CORE

148
00:29:09.981 --> 00:29:20.558
SERVICES. UH, THERE'S A LOT OF GENERAL BELT TIGHTENING IN AREAS SUCH AS, YOU KNOW, UH, BUILDING AND EQUIPMENT REPAIR. THESE ARE THE CONTRACTED SERVICES CATEGORY OTHER OF THE MORE GENERAL CONTRACTED

149
00:29:20.558 --> 00:29:31.703
SERVICES SUPPLIES AND EQUIPMENT AND THESE ARE JUST UH, DEPARTMENTS GOING THROUGH THE PROCESS OF SORT OF LOOKING WHERE THEY HAVE UM SOME FLEXIBILITY TO REDUCE SPENDING IN THAT UM, IN IN THE SORT

150
00:29:31.703 --> 00:29:42.814
OF THE MORE UH THE UH THE AREA WHERE WE UM SORT OF OVER THE LAST FOUR YEARS THERE'S BEEN A LOT OF INVESTMENT IN CERTAIN GRANTMAKING PROGRAMS THAT UH,

151
00:29:42.814 --> 00:29:55.059
WE NEEDED TO UH, REEVALUATE GOING INTO THIS FAIRLY CONSTRICTED UM, UH, BUDGET YEAR. SO THERE'S 12 MILLION ROUGHLY HALF OF THE TOTAL CONTRACTED SERVICE REDUCTIONS COME FROM REDUCING OR REMOVING FUNDING

152
00:29:55.059 --> 00:30:05.336
FROM DISCRETIONARY UH, GRANT PROGRAMS IN THIS ALSO UM, UH REDUCTION FOR SCHOOL YEAR JOBS. SO THIS WAS UH SORT OF INITIALLY OFFERED IT'S SORT

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00:30:05.336 --> 00:30:18.283
OF THE THE THE THE THEORY IS IS THAT UH SCHOOL UH SUMMER JOBS ARE SORT OF THE FLAGSHIP UH SORT OF UM CORE MOST CORE UM UH YOUTH JOB PROGRAM THAT NEEDED

154
00:30:18.283 --> 00:30:29.828
TO BE PROTECTED. UM, AND IT'S SORT OF ALSO WHERE YOUTH ARE SORT OF ON UH, NOT IN SCHOOL DON'T HAVE THAT SORT OF UM BENEFIT OF BEING IN THE SCHOOL SYSTEM AT THAT TIME

155
00:30:29.828 --> 00:30:41.306
DURING DURING THE SUMMER. SO THAT'S SORT OF WHERE THAT APPROACH CAME FROM. AND THEN UM AGAIN SO THESE WILL

156
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COVER IN THE NEXT SLIDE SORT OF UM SORT OF TOP LINE OVERVIEWS. UH I KNOW YOU'LL YOU'LL SPEND A LOT OF TIME AS YOU HAVE DEPARTMENTAL HEARINGS, UH, TO MEET WITH CABINET OFFICIALS AND

157
00:30:52.684 --> 00:31:01.726
DEPARTMENT HEADS IN THE COMING WEEKS TO SORT OF DELVE INTO THIS, UH, DEEPLY. BUT WHAT WE WANT TO TAKE AWAY WE WANT EVERYBODY TO TAKE AWAY FROM FROM THIS HEARING IS THIS THIS BUDGET DOES DELIVER A LOT

158
00:31:01.726 --> 00:31:14.405
OF SERVICES, A LOT OF UM CORE CRITICAL SERVICES THAT WE'RE ALL UM, UH, EXPECTING AND AND AND WILL BE DELIVERED.

159
00:31:14.405 --> 00:31:25.583
SO UM, IT'S WE'RE SORT OF VERY FOCUSED ON THE BASIC CITY SERVICES I THINK UH, THROUGH YOU KNOW, A LOT OF CONVERSATIONS WE'VE HAD WITH THE COUNCIL LEADING UP TO THE

160
00:31:25.583 --> 00:31:38.263
UH, UH, BUDGET SUBMISSION UH, IT SEEMS TO BE UH, ALMOST UNIVERSALLY ACROSS THAT PROTECTING CITY SERVICES UH, CORE CITY SERVICES IS SORT OF THE PARAMOUNT. SO WE'VE HAD SOME UH YOU KNOW,

161
00:31:38.263 --> 00:31:50.408
THERE'S BEEN A LOT OF, UH, ROADWAYS RESURFACED, UH, POTHOLES FILLED SOME OF THIS STRADDLES THE CAPITAL BUDGET. SO POTHOLES UH MAYBE UH MAYBE FILLED IN THE UM IN IN THE UH,

162
00:31:50.408 --> 00:32:01.486
OPERATING BUDGET BUT UH, THE CAPITAL PLAN MIGHT BE DELIVERING A RESURFACING COMPONENT TO IT. UH, BUT IT'S IT'S CITY STAFF, UH, WHO BASICALLY PLAN, ORGANIZE AND HELP MANAGE THE

163
00:32:01.486 --> 00:32:11.930
IMPLEMENTATION OF ALL THOSE SERVICES. UH, SO UH, WE'RE GOING TO CONTINUE TO CONTINUE TO SORT OF MEET THAT REQUIREMENT TO GET UM, THE QUALITY THE SORT OF STATE OF GOOD REPAIR OF OUR

164
00:32:11.930 --> 00:32:23.408
ROADWAYS UP TO. UH, BUT IT'S THIS IS UM WE'LL GET INTO IT MORE IN SORT OF THE UH THE CAPITAL HEARING THIS AFTERNOON BUT THIS IS SORT OF FOCUSING ON WHERE UH, THE

165
00:32:23.408 --> 00:32:34.385
CITY AS A PUBLIC ENTITY IS REQUIRED TO PROVIDE UM MOBILITY AND ACCESS FOR ITS RESIDENTS. AND THIS IS WHERE UM THE OPERATIONS SORT OF UH THE

166
00:32:34.385 --> 00:32:45.930
INVESTMENTS WERE MAINTAINED IN THAT CATEGORY. SO YOUTH DEVELOPMENT EMPLOYMENT SO SUMMER JOBS YOU KNOW, IT'S THE CORNERSTONE SORT OF UH

167
00:32:45.930 --> 00:32:56.307
FLAGSHIP OF THE ADMINISTRATION UH, TO TO FUND NEARLY 11,000 STUDENTS UH, FOR THE FOR THE PAST TWO SUMMERS. AND THE UM PLAN IS TO CONTINUE

168
00:32:56.307 --> 00:33:06.617
TO MAINTAIN THAT UM TO TO DURING THOSE THOSE UH SUMMER MONTHS WHERE STUDENTS AREN'T IN SCHOOL TO BE ABLE TO MAKE SURE THAT THEY UH UM THEY HAVE, YOU

169
00:33:06.617 --> 00:33:18.463
KNOW, CONSTRUCTIVE UM, UM WORK THAT HELPS THEM YOU KNOW, GROW IS UH, RESIDENTS AND PEOPLE CONTRIBUTORS TO UH, BOSTON IN THE FUTURE. UM, IT IT RETAINS THAT

170
00:33:18.463 --> 00:33:30.108
GUARANTEE THAT EVERY STUDENT, UH, WILL HAVE ACCESS TO A SUMMER JOB. UH, ONE ONE OF THE THINGS THAT SORT OF OVER THE LAST FEW YEARS WHERE UM IN THERE WAS MOVEMENT WITH YOUTH JOBS WAS MOVE INTO

171
00:33:30.108 --> 00:33:41.652
THE WORKER EMPOWERMENT CABINET UH, SOME OF THE PROGRAMS THAT WERE UH, FOCUSED ON NEW DEVELOPMENTS THAT MAY HAVE SAT IN THE UH UH YOUTH EMPLOYMENT AND OPPORTUNITY PROGRAM HAS SORT OF BEEN DISPERSED INTO THE

172
00:33:41.652 --> 00:33:52.096
HUMAN SERVICES COUNTER, UH, CABINET AND IT'S TO CREATE A MORE DIVERSE, STABLE FUNDING STRUCTURE INCLUDING OFFERING UH OPPORTUNITIES TO SORT OF UH,

173
00:33:52.096 --> 00:34:05.510
MOVE UM, UH, THOSE RESOURCES FOR YOUTH SORT OF UH, ENRICHMENT. UM, PUBLIC HEALTH AND SAFETY.

174
00:34:05.510 --> 00:34:17.388
SO UM THE GOAL IS TO KEEP BOSTON THE SAFEST MAJOR CITY IN AMERICA. AND SO I THINK ALL EVERYBODY WHEN THEY FIRST THINK OF A CITY, THE ONE OF THE FIRST QUESTION IS IS IT A SAFE CITY? HOW WILL MY EXPERIENCE BE WHEN

175
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I COME TO THE CITY? AND I THINK BOSTON DOES BENEFIT FROM THAT UH, REPUTATION UH, BORNE OUT IN AND DATA THAT IT IS A SAFE ONE OF THE SAFEST MAJOR CITIES IN AMERICA.

176
00:34:26.998 --> 00:34:38.109
SO UH, WE'RE VERY, VERY PROUD THAT THIS BUDGET UH, MAINTAINS UH, UM, REPLACEMENT CLASSES SO AND UM, UH, THE CADET PROGRAM FOR ALL THREE SORT OF PUBLIC

177
00:34:38.109 --> 00:34:49.520
SAFETY UH, AGENCIES FOR FOR EMS ,FOR FIRE, FOR POLICE TO TO BOTH UM UH DEVELOP UM UH YOUTH

178
00:34:49.520 --> 00:35:02.667
UH BOSTON AREA YOUTH TO UH TO BE READY AS A PIPELINE FOR RECRUIT CLASSES AS THEY AS THEY COME ONLINE AND THE GOAL IS TO MAINTAIN THOSE STAFFING LEVELS. UH, SO UH, WE'RE RETAINING

179
00:35:02.667 --> 00:35:13.311
SERVICE LEVELS EVEN THOUGH WE'VE MADE SOME OF THESE, UH, TARGETED REDUCTIONS IN CIVILIANS. BUT UH, WE'RE ALSO FUNDING HAS BEEN PRESERVED FOR ALTERNATIVE RESPONSE CAPACITY INCLUDING

180
00:35:13.311 --> 00:35:24.388
PROGRAMS TO ADDRESS THE UNDERLYING, YOU KNOW, TRAUMA, MENTAL HEALTH ISSUES, UH, FAMILY INSTABILITY THAT OFTEN UH HAVE UH POLICE UH, CONNECTION AND THEN SORT OF UH,

181
00:35:24.388 --> 00:35:35.399
THERE IS THIS SORT OF PUBLIC HEALTH CENTERED APPROACH TO SAFETY. THE COMMUNITY SAFETY UH PROGRAM HAS NOW BEEN FULLY DEPLOYED FROM THE TOP HUMAN SERVICES

182
00:35:35.399 --> 00:35:46.611
COMPANY INTO THE PUBLIC HEALTH COMMISSION AS SORT OF A UH A PUBLIC HEALTH CENTERED APPROACH TO ADDRESSING COMMUNITY VIOLENCE AND UM, UH, IN AREAS

183
00:35:46.611 --> 00:35:56.921
OF COMMUNITY SAFETY GENERALLY AND THEN. MOVING INTO HUMAN SERVICES, UH ,AGAIN, ANOTHER UH POINT

184
00:35:56.921 --> 00:36:08.332
PROBABLY IS THE PRESERVATION OF OF OF SERVICES THAT ARE UNIVERSALLY UM UH RECEIVED ACROSS THE CITY UH IN EVERY NEIGHBORHOOD UH MAINTAINING

185
00:36:08.332 --> 00:36:18.042
THOSE EVENING AND WEEKEND HOURS AT THE LIBRARY THAT HAVE BEEN ROLLED OUT OVER THE LAST UH, A FEW YEARS AND UM, AS WELL AS MAINTAINING UH, OPERABILITY AT

186
00:36:18.042 --> 00:36:30.755
PCF CENTERS AND IN CLASSES FOR ENGLISH LANGUAGE THAT WILL BE UH TAUGHT AT THE BOSTON PUBLIC LIBRARY. UH, WE'LL CONTINUE TO SUPPORT ALL THE RESIDENTS. UH, AND UH THERE'S A NOTE MADE

187
00:36:30.755 --> 00:36:42.366
UH, THAT THERE WAS ABLE TO SECURE $1 MILLION FOR UM, YOU KNOW, MARK TO SUPPORT TRANSPORTATION SERVICES FOR UH, HELPING OLDER RESIDENTS MOVE AROUND THE CITY AND THEN OF COURSE, UH, VETERAN SERVICES

188
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UH, WILL CONTINUE TO MAINTAIN THAT UH, NEED BASED SWIFT PROGRAM TO SUPPORT OUR VETERANS. AND THIS IS UH IT'S THE LAST

189
00:36:52.710 --> 00:37:04.755
SLIDE UH, SORT OF TALKING ABOUT TWO HUGE UH, PUBLIC POLICY AREAS THAT UH, THAT THE BUDGET WILL CONTINUE TO SUPPORT, UH, WHICH IS THE BOSTON PUBLIC

190
00:37:04.755 --> 00:37:15.833
SCHOOLS, UH, WITH A FOCUS ON INCLUSIVE EDUCATION, UH, HIGH QUALITY INSTRUCTIONAL MATERIALS, MULTILINGUAL UH PROGRAMING, UH AND EXPANDED COLLEGE AND CAREER PATHWAYS,

191
00:37:15.833 --> 00:37:28.379
UH, IN MAINTAINING A UH TEACHER TO STUDENT RATIO OF 1 TO 10. UM SO THAT IS THAT IS A KEY UH COMPONENT OF THE DELIVERY OF OF THE BUDGET IS TO MAINTAIN THAT

192
00:37:28.379 --> 00:37:40.358
COMMITMENT TO UH, PUBLIC EDUCATION AND ON THE HOUSING UH ,SO ALTHOUGH THE ANNUAL OPERATING BUDGET ISN'T THE EXCLUSIVE SOURCE OF OF REVENUE FOR UM THE HOUSING PROGRAM, UH

193
00:37:40.358 --> 00:37:52.103
,THEY DO HAVE THE BENEFIT OF HOUSING TRUST IDP, UH, CPA AND OTHER OTHER PROGRAMS SUPPORTIVE BUT WE WILL CONTINUE TO HAVE CONTINUE TO SUPPORT UM THROUGH THE ANNUAL OPERATING

194
00:37:52.103 --> 00:38:02.780
BUDGET A PROGRAM SUPPORTING HOMEOWNERSHIP ASSISTANCE, SUPPORT OF HOUSING STATEMENT UH TENANT STABILIZATION AND IN THE HOUSING VOUCHER WHICH IS A PARTNERSHIP WITH UH THE BOSTON

195
00:38:02.780 --> 00:38:18.963
HOUSING AUTHORITY WITH THAT UH. THANK YOU AND UH FOR QUESTIONS. OKAY. >> UH, THANK YOU VERY MUCH. UH UH WE UH WE HAVE BEEN JOINED BY COUNCILOR PET PEN,

196
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COUNCILOR LOUIJEUNE COUNCILOR CULPEPER COUNCILOR EARL AND COUNCILOR FITZGERALD UH, BY YOURS THE SASH COUNCILOR CULPEPER LOOKS LIKE YOU ATTENDED A 100TH BIRTHDAY

197
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PARTY. WELL, TO ME IF OH, TODAY'S YOUR HUNDREDTH DAY. OKAY. WELL, GREAT. UH, CONGRATULATIONS. >> AND, UH, LIKE. THAT EXTRA TIME, UH, I.

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WE'RE PUTTING THAT TO A VOTE AND, UH, IT SEEMS LIKE IT'S BEEN REJECTED. WELL, OKAY. IT'S UM. YEAH. >> UM PROBABLY UH. OKAY. SO WE'RE IT'S ALL OF MY

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COLLEAGUES, YOU KNOW, BEFORE. DWIGHT BEING WITH THE COUNCIL AND SO THE 100TH DAY TO ME I HADN'T PLANNED ANYTHING THE STAFF PLANNED ON WITH THIS STUFF.

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BUT I REALLY WANT TO THANK ALL OF YOU FOR ALL THE SUPPORT THAT YOU'VE GIVEN ME AND THE WAY YOU'VE REALLY EMBRACED ME LIKE A BROTHER AND PART OF THE COUNCIL FAMILY. SO JUST APPRECIATE ALL OF YOU.

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I JUST WANTED TO LET YOU KNOW THAT, UH, IT'S NOT WHAT I THOUGHT IT WAS. IT'S EVEN BETTER THAN WHAT I THOUGHT IT WAS. I JUST WANT TO THANK ALL OF YOU FOR YOUR SUPPORT. DON'T STOP SUPPORTING ME THE

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WAY YOU HAVE. YOU SET A STANDARD. THANK YOU. OKAY. >> WAIT. WHEN YOU WHEN YOU DISAGREE WITH ME, I'M GOING TO SAY. BUT YOU SAID THIS WAS BETTER THAN YOU THOUGHT IT WAS. UH. >> FOR UM. OKAY, SO WE'RE GOING TO GO UH,

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BECAUSE WE'VE GOT A FULL HOUSE UH, SIX MINUTES UH, YOU KNOW, UM AND THEN OBVIOUSLY THERE WILL BE SECOND A SECOND ROUND MAYBE THIRD IF IF. IF WE NEED IT.

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SO, UH, COUNCILOR MURPHY EUROPE UH, FIRST. YES. >> THANK YOU. UM, THANK YOU FOR THE PRESENTATION. UM, I DO JUST WANT TO MAKE ONE STATEMENT LIKE.

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A CORE. FACT BELIEF. WHEN WE TALK ABOUT. NOT CUTTING CITY JOBS THAT TEACHERS AND PARENTS ARE CITY EMPLOYEES. AND SO I JUST WANT TO MAKE THAT CLARIFICATION.

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I KNOW IT'S A DIFFERENT BUDGET AND IT'S GOING TO TAKE A DIFFERENT VOTE. BUT WE CAN'T NOT LOOK AT OUR TEACHERS AND PARENTS AND STAFF WHO SHOW UP WHEN WE KNOW THERE'S HUNDREDS OF ACTUAL BODIES, YOU KNOW PEOPLE WHO ARE

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IN FRONT OF CHILDREN WHO WILL BE CUT. SO JUST WANTED TO SAY THAT UM. AND I DON'T KNOW IF YOU NOTICED I STEPPED. OUT UM, MY MOM CALLED SO OF COURSE I TOOK IT THINKING IT WAS IMPORTANT AND IT WAS

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IMPORTANT BUT IT TIED. DIRECTLY INTO AND. >> I HAD NO IDEA THIS IS WHAT SHE WAS CALLING ABOUT. BUT I WAS ASKING. >> BECAUSE I DID SEND AN EMAIL OFF TO STRONG YESTERDAY AFTER RECEIVING SOME CONCERNED EMAILS AND.

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CALLS FROM ORGANIZATIONS THAT ARE PROVIDING SERVICES THROUGH SOME OF THE GRANTS THAT I GUESS WERE CUT BUT WANT TO KNOW ALL GRANTS ACROSS ALL DEPARTMENTS

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THAT ARE BEING REDUCED OR ELIMINATED IN THE LIST OF ALL OF THE ORGANIZATIONS THAT WILL BE IMPACTED, BUT ALSO A LIST OF ALL OF THE ORGANIZATIONS WHOSE FUNDING WILL.

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REMAIN LEVEL OR INCREASE. >> IF I COULD GET THAT. UM, BUT WHAT MY MOM CALLED FOR IS MONDAY NIGHT SHE HAS BEEN GOING TO CHESS. CLUB AT THE LOWER MILLS LIBRARY AND SHE WAS CALLING ON BEHALF

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OF HER AND HER CHESS CLUB FRIENDS TO TRY TO. ADVOCATE BECAUSE. >> THEY WERE TOLD LAST NIGHT THAT THEY WILL. NO LONGER FUNDING THAT AND I'M NOT SURE I WILL CALL DAVID AFTER THIS TO CHECK IN BUT IS THIS YOU KNOW. >> GOING TO. >> BE THE CONTINUED CALLS WE'RE

213
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GETTING. FROM YOU KNOW, NEIGHBORS IN MY CASE MY MOM AND HER CHESS FRIENDS. YOU KNOW, WHEN WE'RE PROVIDING THESE SERVICES THEY REALLY ARE LIFELINES RIGHT?

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SO SOMEONE MIGHT ARGUE WELL IT'S JUST CHESS BUT FOR THAT GROUP OF PEOPLE AND WHEN I GOT I THINK I'M AT SEVEN EMAILS NOW FROM KIDS UM YOUTH STUDENTS CALL THEM WHAT WE WANT BUT THAT

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HAVE FOUND OUT YESTERDAY THAT THEY'RE YOU KNOW YEAR LONG JOB IS NO LONGER THERE SO THEY'RE LOSING THEIR EMPLOYMENT. AND SO THESE IMPACTS WE'RE GOING TO CONTINUE TO BE HEARING

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AND FIELDING ON OUR END. SO WE'D LIKE TO JUST GET. AN OVERALL. LIST AND IT DOES TIE IN TO LIKE IN MY OPENING STATEMENT TO WHAT WERE DEPARTMENTS ASKED WHAT DID THEY DECIDE. SO AND I THINK IT'S VERY

217
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IMPORTANT ESPECIALLY THAT WE HAVE AN AMENDMENT PROCESS. SO I IN NO WAY WANT TO START. PULLING FROM DEPARTMENTS TO TRY TO FUND SOMETHING THAT FEELS GOOD AND I FEEL SHOULD BE

218
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FUNDED. IF THEN WE'RE SEEING THAT THAT DEPARTMENT IS ALREADY BEING IMPACTED MY FIRST THROUGH FOUR YEARS THROUGH THE AMENDMENT PROCESS WE WERE IN A MUCH

219
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DIFFERENT SITUATION WHEN WE HAD FUNDING AND WE WERE PROVIDING SERVICES THAT OTHERWISE NEVER WOULD HAVE BEEN ABLE TO GRANT, YOU KNOW, HUNDREDS OF THOUSANDS OF DOLLARS TO ALLOW SMALL

220
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BUSINESSES TO GET UP AND RUNNING UM, NO LONGER LOANS BUT MONEY GRANTS FOR. >> DOWN PAYMENTS. >> FOR HOUSES ALL GREAT THINGS THAT WERE HELPING INDIVIDUAL RESIDENTS BUT THAT THAT'S JUST NOT IN THIS BUDGET.

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SO I THINK IT'S IMPORTANT THAT WE HAVE THAT LIST OF INFORMATION UM, ON ONE OF THE SLIDES YOU MENTIONED A $20.4 MILLION DECREASE IN THE

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CITY BUDGET. IS THAT INCLUDING DISCRETIONARY GRANT CUTS OR IS THAT SEPARATE? SO THAT IS PART OF IT AND HOW MUCH IS THE GRANT CUTS? UH. GRANT ONE GRANT REDUCTIONS IN

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THIS BUDGET REPRESENT ABOUT $12 MILLION COMPARED TO FY 26. SO THE 8 MILLION DIFFERENCE 8.4 MILLION. WHAT DOES THAT LOOK LIKE ACROSS DEPARTMENTS? YEAH, IT'S REALLY VARIED.

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UM IT'S A COMBINATION OF UM INCREASED ASSUMPTIONS AROUND SALARY SAVINGS. SO ASSUMING THAT DEPARTMENTS WILL CONTINUE TO DELAY OR NOT

225
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HIRE UM AND NOT BE ABLE TO FILL UM IT'S ALSO OTHER TYPES OF DISCRETIONARY REDUCTIONS MATERIALS AND SUPPLIES TRAVEL FOOD UM BRINGING CONTRACTED SERVICES DOWN TO LIKE ACTUAL

226
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SPENDING LEVELS. SO IT'S A BIG MIX OKAY. KIND OF LIKE THE LETTER THAT WAS SENT OUT ABOUT THIS YEAR'S BUDGET SHORTFALL THAT'S CONTINUED INTO NEXT YEAR. THOSE EXPECTATIONS UM.

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OKAY. UM COULD YOU JUST SPEAK A LITTLE BIT MORE ABOUT POSITIONS THAT HAVEN'T BEEN FILLED HISTORICALLY OR DEPARTMENTS WHO

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HAD OPEN POSITIONS AND. THEY'RE BEING ELIMINATED AND. WHAT WE'RE CALLING THAT. UH, YEAH. SO THERE IS AN ASSUMPTION IN THIS BUDGET THAT UM, A NUMBER OF LONG TERM VACANT POSITIONS

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HAVE BEEN ELIMINATED. UM, SO THOSE ARE VACANCIES, UM, THAT WE HAVE TAKEN OUT OF THE BUDGET. UM, AND THEN IN TERMS OF. UM DO WE HAVE A NUMBER OF HOW. MANY THERE WE ARE I WANT TO SAY

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THERE'S MAYBE. 50 LONG TERM VACANCIES THAT WERE. CAN YOU SHARE THAT IF YOU HAVEN'T ALREADY ABOUT EXACTLY WHICH DEPARTMENTS AND WHAT POSITIONS THEY WERE CODED AS. YOU DID.

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THIS SORRY YOU WERE GOING TO. UM AND THEN I WAS JUST GOING TO ADD TO UM IN ADDITION TO REMOVING LONG TERM VACANCIES LIKE I SAID, WE ALSO MADE SOME ASSUMPTIONS AROUND INCREASING

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THE AMOUNT OF SALARY SAVINGS IN DEPARTMENTAL BUDGETS. UM, TO ASSUME YOU KNOW, WE'RE NOT TAKING THE POSITION AWAY BUT YOU YOU KNOW, LIMIT THE AMOUNT OF MONEY AVAILABLE FOR. YES. WHEN YOU.

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IN ONE OF THE SLIDES YOU DESCRIBED THAT FOR YOUTH DEVELOPMENT WAS PREVIOUSLY MANAGED UNDER OFFICE OF YOUTH EMPLOYMENT AND IT'S BEEN MOVED TO. OTHER CABINETS. COULD YOU EXPLAIN WHICH

234
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CABINETS NOW AND IF THERE'S MORE THAN ONE THAT THEY'VE BEEN PUT UNDER AND HOW THAT'S BEEN A COST SAVING. WELL I THINK UM SOME UH I THINK THE OH YEAH PROGRAM GENERALLY

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IT USED TO EXIST UNDER UM IN A DIFFERENT. FORM UM. UH IN UM HAWAII. OH UM UH AS IT WAS HAD. >> DIFFERENT. NAMES OVER THE YEARS. UH UH BUT IT IS NOW IN HUMAN

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SERVICES SO I THINK A LOT OF SORT OF YOUTH. UH, SUPPORTS. ARE ACROSS HUMAN SERVICES UH, AND AND WORKER EMPOWERMENT THROUGH THE THE YOUTH EMPLOYMENT PROGRAM. YEAH. ALL RIGHT. THANK YOU.

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MY TIME'S UP OKAY. THANK YOU. >> BEFORE WE. >> MOVE ON IN TERMS OF, UM, THE GRANT RECIPIENTS, THE PROGRAMS THAT ARE. NOT BEING FUNDED NEXT YEAR. CAN YOU JUST PRESS A BUTTON AND.

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PRODUCE A REPORT LIKE THAT? UH, BECAUSE I THINK. WE'D ALL BENEFIT. YES, WE CAN CERTAINLY DO THAT. AND JUST A REMINDER I MEAN, THESE ARE ALL COMPETITIVE PROCESSES SO WE CAN, YOU KNOW, PROVIDE.

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CAN ORGANIZATIONS THAT HAVE RECEIVED IN THE PAST BUT OF COURSE THEY'RE ALL COMPETITIVE AND UM, YOU KNOW, NOT GUARANTEED FOR CERTAIN GROUPS IN THE FUTURE. OKAY. >> UM OKAY. I THINK IT'S UH,

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COUNCIL PRESIDENT BREADON. THANK YOU. >> UM GOOD MORNING. UM. THE ONE. >> THING GIVEN THE GEOPOLITICAL SITUATION, UM, HAVE WE FACTORED IN, UH, INCREASES IN ENERGY COSTS INTO THE BUDGET?

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ENERGY HAS GONE UP. UH, WE PROBABLY, UH, MIGHT HAVE BEEN, UH, WORKING ON THAT PRIOR TO SOME OF THE MOST RECENT GEOPOLITICAL ACTIVITIES BUT UH

242
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,SO IT PROBABLY IT'S ALL IN A CITYWIDE TOTAL UTILITIES ARE UP LIKE $2 MILLION UM, YEAR OVER YEAR. UH, BUT YOU KNOW, YOU'RE RIGHT IT'S SORT OF LIKE WE SEE WITH

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THE PRICE OF UH, A BARREL OF OIL IS SO WE CAN EXPECT THAT TO PERMEATE INTO THE DEPARTMENTAL BUDGETS. UM, I ALSO YOU KNOW, I I SHARE MY COLLEAGUE'S CONCERN ABOUT THE GRANTS.

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UM, IT'D BE REALLY NICE TO KNOW, UH, GET A, UM A CHART WITH WHAT GRANTS ARE, UM, ARE BEING, UH, ACROSS THE BOARD CUTS BUT YOU KNOW, ARE WE CUTTING PROGRAMS THAT ARE

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SUPPORT FOR PROGRAMS THAT, YOU KNOW, UNDER NORMAL CIRCUMSTANCES THE CITY WOULD HAVE TO PROVIDE SO THAT'S ALWAYS A CONCERN. UM, AND THEN JUST THINKING ABOUT REVENUE SOURCES I'M

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CURIOUS UM, UH, WHAT SORT OF AN IMPACT DOES THE, UH, REVENUE FROM MARIJUANA LIKE TO SALARIES TOUT TOUTED AS A BIG UH, SOURCE OF REVENUE FOR THE CITY? BUT HOW HOW IS THAT GOING?

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UM. >> SO WE COLLECT. AROUND THREE IN IT I WANT TO SAY THREE AND A HALF ISH MILLION FROM THAT EVERY YEAR IF

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I'M LOOKING AT THIS CORRECTLY. UM, AND THE FY 27 BUDGET ASSUMES A SIMILAR LEVEL UM, OF COLLECTION. THANK YOU. AND THEN. UM. >> I THINK I I DON'T I'LL SPEAK FOR MYSELF AND NOT FOR MY

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COLLEAGUES IN THIS BUT UH I, I THINK IT'S A BIG CONCERN TO ME THAT, UH, I KNOW WE'LL BE TALKING ABOUT THE SCHOOL BUDGET LATER IN THE WEEK BUT THAT THE COST OF UH, RUNNING CENTRAL

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OFFICE UM, THE BUDGET FOR CENTRAL OFFICE EXCEEDS THE UM BUDGET FOR SCHOOLS AND CLASSROOM SERVICES. UM, AND I REALLY JUST FROM MY CURSORY LOOK AT ALL THE LAYERS

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OF BUREAUCRACY IN THE CENTRAL OFFICE, I. >> THINK THERE'S. DEPUTY SUPERINTENDENT AND THE WHOLE LINE OF AND I REALLY WOULD LIKE TO SEE THE SAME

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LEVEL OF SCRUTINY UH, OF ALL OF THOSE POSITIONS AND WHETHER THEY'RE NECESSARY AND LIKE WHEN WE'RE TAKEN TO TEACHERS AND PART OF AWAY FROM CLASSROOMS

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AND PARAS AWAY FROM CLASSROOMS ,THEN WE REALLY HAVE TO SORT OF SHARPEN OUR FOCUS AND MAKE SURE THAT WE'RE NOT, UM, SHORTCHANGING UH, THE THE SORT

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OF THE COALFACE SERVICES AT THE IN THE CLASSROOM, UH AND PROTECTING JOBS AND AND AND AND SORT OF WHAT SOME WOULD CALL A BLOATED BUREAUCRACY. SO UH I'D REALLY LIKE TO SEE

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DETAILED ORG CHARTS OF OF BHP'S CENTRAL OFFICE AND FIGURE OUT UM, YOU KNOW, THEIR THEIR BUDGET GOES UP YEAR ON YEAR ON YEAR AND IT'S IT'S AND THE SCHOOL POPULATION IS DECLINING

256
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. SO AGAIN I THINK IT'S TIME TO REALLY TAKE A SHARP LOOK AT WHAT'S GOING ON THERE. UM AND THEN.

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THE AND THE IN TERMS OF EXPENDITURE CHARTER SCHOOL EXPENDITURE REIMBURSEMENT AND ASSESSMENT UM DO WE GET FULLY REIMBURSED FOR THE SERVICES

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THAT WE FROM YOU KNOW, FROM THE ASSESSMENT AND I REALLY FIGURE I CAN'T REALLY NOT CLEAR ON HOW IT ALL THAT WORKS BECAUSE IT SEEMS LIKE WE'RE BEING. WE'RE WE'RE NOT GETTING FAIR

259
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RETURN ON OUR INVESTMENT. IT'S IT'S TRANSITIONAL UH FUNDING SO IT DOESN'T THE THE REIMBURSEMENT DOES NOT UM SORT OF COVER THE THE FULL ASSESSMENT THAT WE GET CHARGED

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BUT IT SORT OF UM BUT WE UH ONE OF THE UH COMMITMENTS IS THAT UH THROUGH THE STUDENT OPPORTUNITY ACT LEGISLATION WAS THAT THEY WOULD MAINTAIN WHAT THEY CONSIDERED SORT OF FULL FUNDING FOR THE FOR THE PROGRAM .

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UM. SO AND IN TERMS OF YOU KNOW, YEARS AGO UM, WE USED TO PANIC WHEN UM UM THE REVENUE THE

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SCHOOL THE CITY BUDGET WAS 53% WAS WAS COVERED BY UH REAL ESTATE TAXES. NOW IT'S 73% SOMETHING. UM WHAT WHAT DROVE THE DECLINE

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AND INSTEAD AID LIKE I'M JUST TRYING TO GET LIKE WHAT'S HAPPENED THAT THE STATE AID WENT DOWN SO DRAMATICALLY THAT LEFT US LIKE I THINK WHERE PUTS US ALL ALL MUNICIPALITIES ACROSS THE STATE ARE IN THE

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SAME SORT OF BOAT AS WE ARE. YEAH. >> I THINK THE UH, COMMON UNDERSTANDING IS THAT IT NEVER QUITE RECOVERED FROM THE REDUCTIONS IT TOOK DURING THE GREAT RECESSION. UM. >> SO IT WAS CUT SIGNIFICANTLY IN THOSE YEARS AND JUST HASN'T

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RECOVERED BACK. UP TO THAT KIND OF OVERALL SHARE OF THE BUDGET. YEAH. >> EVEN THOUGH THE STATE WAS GIVING MONEY BACK TO PEOPLE. UM OKAY.

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UM OKAY LOOK INTO THE THE THE POLITICS OF THAT UM AND THEN JUST ASK UH THE SUMMER THE SCHOOLS THE YOUTH JOBS PROGRAM

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I THINK WE FOUGHT VERY HARD TO GET AROUND YEAR ROUND JOBS FOR SOME, YOU KNOW, AS A PROPORTION OF OUR STUDENTS, UM, IS THE IS

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THE KNOCK ON EFFECT IS IS THERE GOING TO BE A NEGATIVE CONSEQUENCE FOR FAMILIES WHO LOSE INCOME BECAUSE MANY OF THESE FAMILIES IT'S NOT A IT'S NOT POCKET MONEY. IT'S CONTRIBUTING TO THE HOUSEHOLD INCOME.

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UM IS A HAVE WE THOUGHT ABOUT THE KNOCK ON EFFECT OF TAKING AWAY YOUTH YEAR ROUND YOUTH JOBS. YEAH AND I THINK TO TO MITIGATE ANY IMPACTS THERE'S DISCUSSIONS

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ABOUT WAYS WE CAN SUPPLEMENT OR YOU KNOW BACKFILL SOME OF THE LOSS OF THOSE FUNDS ON THE CITY SIDE WITH UH PRIVATE PHILANTHROPY. SO THERE IS KIND OF ONGOING DISCUSSIONS ABOUT HOW WE MIGHT

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BE ABLE TO RESTORE SOME OF THAT SUPPLEMENT SOME OF THAT SO THAT WE MITIGATE ANY NEGATIVE CONSEQUENCES LIKE ONES YOU'RE DESCRIBING THERE. >> GOOD. THANK YOU. MY TIME'S UP. THANK YOU. >> UH, OKAY. YEAH. THANK YOU VERY MUCH.

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UH, COUNCILOR FLYNN. THANK YOU, MR CHAIR. AND JIM, YOU MENTIONED WHEN YOU STARTED THAT THERE WOULD BE NO CUTS TO, UH, BOSTON BOSTON

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EMPLOYEES BUT THERE WILL BE CUTS TO EMPLOYEES IN THE IN THE SCHOOL DEPARTMENT FOR TEACHERS. IS THAT ACCURATE? I KNOW THERE ARE POSITION ELIMINATIONS. UM, I. >> DON'T KNOW WHAT. WE'LL SORT OF THROUGH THE

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PROCESS WILL TURN INTO. >> UH. UH, PEOPLE LOSING THEIR JOBS BUT. OUTSIDE OF ARE THERE ANY UM, PLANS TO ELIMINATE JOBS FOR CITY EMPLOYEES?

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UH, LAYOFFS? >> THERE ARE NO LAYOFFS IN THIS IN THE SUN CITY SIDE. I'M JUST TRYING TO I WAS DOING A LITTLE BIT OF RESEARCH, BUT WASN'T THERE SOME DISCUSSION

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THAT THERE WOULD BE POSITIONS ELIMINATED IN THE PUBLIC SAFETY CABINET CIVILIANS. THOSE WOULD. >> HAVE BEEN VACANT POSITIONS. WE DIDN'T ELIMINATE ANY FILLED POSITIONS. SO YOU'RE JUST NOT FILLING THEM? YES.

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>> OKAY. HOW MANY POSITIONS WERE THOSE. IN IN THE PUBLIC SAFETY DEPARTMENT SPECIFICALLY? UM WE'LL HAVE TO GET. BACK TO YOU ON. >> THAT EXACT NUMBER. OKAY. >> AND HOW MANY OVER THE LAST FOUR YEARS HOW MANY NEW POSITIONS HAVE THE CITY UM,

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CITY BROUGHT ON BOARD? POSITIONS AT CITY HALL? NOT NOT NOT ACTUALLY DELIVERING BASIC CITY SERVICES BUT AT CITY HALL MANAGES OUR ADMINISTRATORS

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UH. WOULD PROBABLY HAVE TO FOLLOW UP WITH THAT CUT OF THE, UM. INFORMATION, BUT I DON'T HAVE IT OFF THE TOP. >> OF OUR HEAD. IS A 300. I DON'T. >> DON'T KNOW, JIM. NO, I DON'T KNOW EITHER. WHO WOULD KNOW THAT INFORMATION?

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WE WOULD, BUT WE JUST DON'T HAVE IT READILY AVAILABLE. SO WE'D HAVE TO FOLLOW UP WITH THAT EXACT SLICING OF THE INFORMATION. OKAY, I THOUGHT IT WAS 300, BUT MAYBE IT'S MAYBE IT'S LESS THAN

281
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THAT. UM, DID WE UNDERESTIMATE UNDERESTIMATE THE AMOUNT OF MONEY WE WERE SPENDING ON EMPLOYEE HEALTH CARE?

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UH, WHEN IN THE CURRENT. YEAR OR. YEAH, OVER THE LAST YEAR OVER THE LAST TWO YEARS. UM SO HISTORICALLY NO HISTORICALLY WE HAVE UNDER US UNDER PROJECTED THE AMOUNT

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OF SPENDING UM OUT OF OUR HEALTH INSURANCE TRUST FUND. BUT AS WE'VE EXPLAINED UM, OVER THE LAST COUPLE OF MONTHS STARTING IN FISCAL 25 IS WHERE OUR PROJECTIONS UH, DID NOT

284
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MATCH REALITY BECAUSE WE WERE SEEING HIGH COST CLAIMS THAT ARE SORT OF UNPREDICTABLE AND CAN COME AND HIT THE TRUST FUND AT ANY TIME. UM, AND A MUCH HIGHER INCREASE IN THE USAGE OF GLP ONES AND

285
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THEN JUST GREATER HEALTH CARE COSTS IN GENERAL. UM, SO THAT WAS IN FISCAL 25. UH, WE'RE SEEING A SIMILAR TREND IN FISCAL 27 OR 26 AND UM AS A RESULT THAT IS WHY WE'RE

286
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INCREASING HEALTH INSURANCE COSTS SO SIGNIFICANTLY IN THIS BUDGET TOO. BUT ON THE ON THE GLP ONE, WE DIDN'T NECESSARILY SEE THAT BECOMING A MAJOR SPENDING UM IN

287
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THE BUDGET. IT STARTED TO EMERGE AS A PROBLEM FOR US. AND WE'VE BEEN REFLECTING THAT OVER THE LAST COUPLE. OKAY. >> I ASKED FOR SOME INFORMATION ON THE MONTH TO MONTH SPENDING

288
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ON THAT PARTICULAR DRUG. UM, FOR CITY EMPLOYEES. ARE WE STILL ABLE TO GET THAT? YES. >> AND I THINK WE'VE SHARED THE INFORMATION THAT YOU REQUESTED. OKAY. UM, SO THAT THAT SHOULD BE WITH YOU. OKAY. >> UM.

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SO HOW MUCH ARE WE SPENDING NOW ON ON GLP ONE? UM, FOR CITY EMPLOYEES. SO, UM, IF YOU JUST GIVE ME ONE SECOND TO. >> LOOK HERE I. SORRY.

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>> SO, UH, G.O.P. ONES, UM, WE DIVIDE IT BETWEEN THOSE WHO ARE USING IT FOR DIABETES PURPOSES AND THOSE WHO ARE USING IT FOR WEIGHT LOSS PURPOSES. SO IN FY, UH, IT'S OUR EXCUSE

291
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ME IN CALENDAR YEAR 2025 WE SPENT JUST UNDER $48 MILLION UM, ON GLP ONE MEDICATIONS FOR BOTH CATEGORIES OF UM. USERS AND THEN UH FY 2026 YEAR

292
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TO DATE. UM WHICH I SORRY I'M NOT SURE WHAT MONTH IT'S THROUGH. WE'VE SPENT 16.1 MILLION. UP TO DATE. OKAY YES.

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FOR 2026 SO FAR. UM SO THAT'S THAT'S A SIGNIFICANT THAT WILL BE A SIGNIFICANT INCREASE WANTED IN OUR BUDGET. YES. >> AND UM THE UH UTILIZATION

294
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MANAGEMENT PLAN DESIGN CHANGE THAT WE IMPLEMENT OR ADOPTED WITH. >> OUR UNION PARTNERS. >> TO GO INTO EFFECT AT THE BEGINNING OF UM FY 27 WILL HOPEFULLY MODERATE THAT GROWTH . >> A LITTLE. >> BIT BUT UM, IT'S STILL COVERED IN OUR PLANS.

295
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UM, SO WE'LL CONTINUE TO REPRESENT. >> A LARGE SHARE OF OUR HEALTH CARE. COSTS GOING FORWARD. OKAY. >> UM, I HIGHLIGHTED AT THE BEGINNING MY MY PLAN THAT WAS SUPPORTED BY THE CITY COUNCIL A

296
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BLUE RIBBON COMMISSION TO GET THE ECONOMY WORKING AGAIN. UM, GETTING BACK ON TRACK. UM, IS THERE ANY UPDATE ON THAT BLUE RIBBON COMMISSION THAT I

297
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PROPOSED WHERE WE WORK WITH BUSINESSES TO BRING, UM, BRING A MORE PRO-BUSINESS ATTITUDE TO CITY GOVERNMENT? UM, I'M NOT AWARE OF ANY DISCUSSIONS ON THAT PARTICULAR.

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PROPOSAL BUT I WILL SAY UM, THE ADMINISTRATION AND OTHERS IN THE ON THE TEAM. ARE REGULARLY SPEAKING TO THE BUSINESS. COMMUNITY AND TRYING TO FIND WAYS TO REVITALIZE DOWNTOWN UM

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,AND OTHER METHODS. SO I'M NOT SURE ABOUT THE SPECIFICS ON THE COMMISSION BUT I KNOW THAT IS UM COULD. COULD WE CHECK UM, JIM, COULD YOU CHECK TO SEE IF. >> WE'RE ABLE TO, UM, IMPLEMENT THAT BLUE RIBBON COMMISSION? I THINK IT'S IMPORTANT IT WAS

300
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SUPPORTED TWICE BY THE CITY COUNCIL. IT'S IMPORTANT WE GET THE ECONOMY BACK ON TRACK SUPPORTING OUR BUSINESSES, WELCOMING BUSINESSES. BUT BOSTON'S OPEN FOR BUSINESS

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AND, UH, MAYBE GETTING AWAY FROM SOME OF THE PREVIOUS POLICIES THAT HAVE, UM, HURT US OVER THE LAST SEVERAL YEARS. UM, MR CHAIR, THANK YOU. THANK YOU VERY MUCH.

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UH, COUNCILOR DURKAN, YOU'RE UP NEXT. THANK YOU SO MUCH. UH, COUNCILOR WEBER AND CHAIR, I SHOULD SAY. UM, SO MY FIRST QUESTION IS HOW WOULD YOU CHARACTERIZE THE FINANCIAL SITUATION WE ARE IN

303
00:59:48.217 --> 01:00:01.097
AS THE CITY RIGHT NOW? UM, I WOULD SAY. IT'S STRONG. >> BUT. CONSTRAINED AND REQUIRES US. TO MAKE DIFFICULT CHOICES TO LIVE WITHIN THOSE CONSTRAINTS. AND I THINK WHAT I'VE HEARD TODAY FROM MY COLLEAGUES THAT

304
01:00:01.097 --> 01:00:11.908
HAVE GONE BEFORE ME IS THAT WE ARE HEADED FOR A TOUGH PROCESS BECAUSE PEOPLE WANT A BALANCED BUDGET. WE OBVIOUSLY ARE LEGALLY OBLIGATED TO DO A BALANCED

305
01:00:11.908 --> 01:00:24.087
BUDGET AND THEY WANT CUTS. BUT THEN WHEN THOSE CUTS BECOME APPARENT, WHEN THE PROGRAMS THAT WE HAVE TO CUT BECOME APPARENT THEY'RE LIKE. BUT NOT THERE, LET'S NOT CUT

306
01:00:24.087 --> 01:00:37.000
THERE. SO THIS PROCESS WILL NOT BE EASY. UM, I'M SURE THAT. >> WE'LL HEAR. FROM CONSTITUENTS REGARDING THE GRANT MONEY THAT UM, WE ARE LIMITING THIS YEAR.

307
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UM, I DO WANT TO ASK A QUESTION ABOUT CUTTING LONG TERM VACANCIES BECAUSE THAT'S NOT REALLY IN A WAY IT'S NOT A BUDGET CUT BECAUSE. THAT MONEY WAS NOT SPENT LAST

308
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YEAR. SO CAN YOU TALK A LITTLE BIT AND GIVE US SOME MORE DETAILS ABOUT WHAT WHAT THAT MEANS? AND OBVIOUSLY NOT SEEKING TO HIRE THOSE PEOPLE IS A GREAT THING BECAUSE THOSE JOBS HAVE

309
01:00:59.188 --> 01:01:10.033
BEEN VACANT. UM, BUT IN A WAY THE CITY FOUND A WAY TO SPEND THAT MONEY IN ANOTHER WAY BECAUSE THEY PROBABLY THEY LIKELY MOVED UM, THAT MONEY FROM STAFF TO

310
01:01:10.033 --> 01:01:21.144
CONTRACTUAL SERVICES LAST YEAR. SO CAN WE TALK ABOUT WHAT THAT LOOKS LIKE AND OBVIOUSLY UM, AND JUST PUTTING A LITTLE BIT OF A PIN ON, YOU KNOW, WHAT ARE ACTUAL CUTS AND WHAT ARE.

311
01:01:21.144 --> 01:01:34.657
SORT OF LOOK LIKE CUTS BUT AREN'T NECESSARILY UM. ,GOING TO CHANGE THE BUDGET. VERY MUCH. SURE. >> YEAH. SO UH WITH THE SO PERSONNEL BUDGETS THAT UH, YOU SEE IN THE DEPARTMENT HISTORY TABLE FOR EVERY.

312
01:01:34.657 --> 01:01:45.001
WE DIDN'T GET OUR BUDGET BOOKS THIS YEAR BUT. LOOK AT IT ON LINE. YEP EXACTLY. UH, IS UM, A FUNCTION OF UM, BOTH ELIMINATION OF VACANT

313
01:01:45.001 --> 01:01:56.412
POSITIONS UH, BUT ALSO AN ADJUSTMENT IN SALARY SAVINGS TO BE MORE ACCURATE AND SORT OF THE ASSUMPTIONS ON HIRING. WE'RE WE'RE MEETING WITH DEPARTMENTS REGULARLY TO GET A MORE DETAILED APPROACH TO HIRING.

314
01:01:56.412 --> 01:02:07.023
UH, SO THEY PRIORITIZE THAT TO THE MOST CRITICAL POSITIONS FIRST. UH, SO IT DOES RESULT IN UM, UH, YEAR OVER YEAR BUDGET REDUCTION WITH BOTH THE ELIMINATION OF VACANT POSITIONS

315
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AND UH, IN ADJUSTMENT TO SALARY SAVINGS. UH, SO. >> SO. WOULD YOU. >> CHARACTERIZE THE 1.3 CUT ACROSS DEPARTMENTS, PERCENT CUT ACROSS DEPARTMENTS? WOULD YOU. >> CHARACTERIZE THAT OR I THINK THAT THE AVERAGE. WOULD YOU. >> CHARACTERIZE THAT AS UM AS

316
01:02:24.373 --> 01:02:36.686
GIVING THOSE DEPARTMENTS LESS FLEXIBILITY GIVEN THAT THEY CAN'T, YOU KNOW, MOVE FROM. PERSONNEL TO CONTRACTUAL SERVICES? EXACTLY. >> YEAH. >> OKAY. UM, AND I IT'S ONLY MY THIRD BUDGET SO OR I GUESS YEAH, IT'S

317
01:02:36.686 --> 01:02:49.499
MY ONLY MY THIRD BUDGET. SO, UM, I I ALSO JUST WANT TO ASK SORT OF IN. GENERAL BECAUSE IT'S OUR FIRST BUDGET. HEARING WHAT. ARE THE CORE TRADE OFFS THAT WERE. MADE IN THIS BUDGET AND HOW WOULD YOU CHARACTERIZE THOSE?

318
01:02:49.499 --> 01:03:02.845
I WOULD SAY IT. WAS REALLY. A BALANCE BETWEEN PRESERVING THOSE. CORE CITY SERVICES. SO TRASH PICKUP. LIBRARY HOURS, COMMUNITY CENTER HOURS. >> THOSE TYPES OF BASIC UM THINGS THAT. RESIDENTS COUNT.

319
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>> ON. >> UM, AND WANTING TO PRESERVE. FILLED POSITIONS WITH, YOU KNOW, THESE OTHER DISCRETIONARY THINGS THAT WE'VE. EITHER ADDED OVER THE LAST FEW YEARS. UM, SO. IT REALLY BECAME UNFORTUNATELY

320
01:03:15.291 --> 01:03:24.967
A. TRADE OFF AMONGST THOSE TYPES OF CHOICES. AND I KNOW I AS THE FORMER CHAIR OF THE COVID 19 RECOVERY ARPA COMMITTEE, UM,

321
01:03:24.967 --> 01:03:37.313
I'M CURIOUS WHAT IF THERE WERE ANY PREVIOUSLY FUNDED ARPA PROGRAMS THAT ARE NOW FUNDED THROUGH. THIS YEAR'S OPERATING BUDGET? UM, NONE. THAT WERE NEWLY BROUGHT INTO THE. OPERATING BUDGET THIS YEAR.

322
01:03:37.313 --> 01:03:48.691
I'M NOT. AWARE OF ANY THAT WE HAVE. BROUGHT IN. UM, AS YOU KNOW, THOSE WERE INTENDED TO EXIST ONE TIME ONLY ,YOU KNOW, LIVE AS LONG AS THE

323
01:03:48.691 --> 01:03:58.634
ARPA FUNDS, UH. WERE IN PLACE. THOSE ARE WINDING DOWN AND WE, UH, IN THIS BUDGET HAVE NOT ASSUMED ANY OF THOSE CONTINUING ON THE OPERATING. BUDGET AND GIVEN THAT THE

324
01:03:58.634 --> 01:04:10.012
OPERATING BUDGET, UM, IS BOTH CONSTRAINED AND MOSTLY FUNDED BY PROPERTY TAXES. UM I'M CURIOUS UM, YOU KNOW, AS SOMEONE WHO HAS REALLY BEEN A

325
01:04:10.012 --> 01:04:20.990
CHAMPION FOR TRYING TO FIGURE OUT HOW WE CAN GET OUR. CITY TO. GROW AT A SCALE THAT WE NEED. OBVIOUSLY THIS YEAR WE. ARE UH, FOR THE FIRST TIME IN TEN YEARS. UM.

326
01:04:20.990 --> 01:04:32.602
THIS IS THE THIS IS THE. UM THAT FISCAL YEAR 27 IS 54% BELOW THE TEN YEAR AVERAGE. I'M CURIOUS HOW MUCH OF THIS IS DRIVEN BY FEWER PERMITS, MARKET

327
01:04:32.602 --> 01:04:46.115
CONDITIONS AND OR. CONSERVATIVE FORECASTING. HOW MUCH IS HOW MUCH OF THE OVERALL. GROWTH IS. >> DRIVEN BY HOW. MUCH YOU WANT TO. BALANCE BETWEEN WHETHER THIS IS US BALANCE BETWEEN

328
01:04:46.115 --> 01:04:57.426
CONSERVATIVE. REVENUE FORECASTING. VERSUS ECONOMIC CONDITIONS? I FEEL LIKE IT'S. MAYBE A LITTLE BIT OF BOTH. UM, YOU. >> KNOW, CERTAINLY WE'RE SEEING THE REVENUE. UM IN THE CURRENT. FISCAL YEAR BE.

329
01:04:57.426 --> 01:05:08.771
SOMEWHAT CONSTRAINED AS WELL IN THE IN THE LETTER I SHARED. WITH YOU ALL. IN FEBRUARY. IT'S STILL ABOVE TARGET BUT MODESTLY. AT 13.1%. AND SOME OF THE BIGGER DRIVERS

330
01:05:08.771 --> 01:05:20.049
OF THAT IS, YOU KNOW, THE FACT THAT UM PERMITS AND. LICENSES OR NOT. YOU KNOW, THE VOLUME OF THOSE IS LOWER. SO WE'RE REFLECTING THAT ALSO IN OUR 27 FORECAST AS WELL.

331
01:05:20.049 --> 01:05:31.127
AND I'M NOT GOING TO ASK YOU TO WEIGH IN I FILED RECENTLY FILED UM, YOU KNOW, A 35 PAGE AMENDMENT TO THE ZONING CODE TO ELIMINATE PARKING MINIMUMS FOR NEW. RESIDENTIAL DEVELOPMENT. I'M NOT GOING TO ASK YOU TO

332
01:05:31.127 --> 01:05:42.471
WEIGH IN ON THAT PROPOSAL, BUT I I THINK IT'S REALLY IMPORTANT IN THIS MOMENT TO BE TALKING ABOUT HOW WE CAN GET PROJECTS OFF THE GROUND. UM, I THINK ANY BIT OF NEW

333
01:05:42.471 --> 01:05:56.519
PROPERTY TAXES ARE GOING TO HELP US MEET THE NEED OF UH OF THE MOMENT AND UM, I THINK THAT WE REALLY I KNOW I KNOW THAT WE'RE. HEADED TOWARDS. >> A. LONG BUDGET PROCESS SO I WILL YIELD BACK TO THE CHAIR.

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01:05:56.519 --> 01:06:09.899
>> AND. GRATEFUL THANK YOU FOR THE EXTRA TIME. OKAY. >> THANK YOU VERY MUCH, COUNCILOR PEPEN. THANK YOU. >> THANK YOU, MR CHAIR AND GOOD MORNING EVERYONE. THANK YOU SO MUCH. TO BOTH OF YOU FOR BEING HERE. AND I KNOW THAT'S GOING TO BE, UM.

335
01:06:09.899 --> 01:06:20.309
FUN NEXT SIX. WEEKS FOR ALL OF US WITH ALL THE HEARINGS COMING UP. BUT I WANTED TO DIVE RIGHT INTO SOME VERY SPECIFIC QUESTIONS ON SOME AREAS THAT I HAVE UM,

336
01:06:20.309 --> 01:06:32.555
PRIORITIES IN AND AND ALSO FOR MY DISTRICT. THERE'S BEEN A POSITION THAT I'VE BEEN ADVOCATING. FOR FOR QUITE SOME TIME AND IT WAS STARTED UNDER THE ARPA FUNDING, BUT IT HAS PLAYED SUCH AN INSTRUMENTAL ROLE INTO SAFE

337
01:06:32.555 --> 01:06:43.499
SCHOOLS. A SAFE STREETS ARE NEAR OUR SCHOOLS. IT'S THE SAFE ROUTE TO SCHOOL PLANNER POSITION. UM I WOULD LIKE TO KNOW WHAT ARE THE PLANS FOR THAT POSITION? I KNOW THAT THE I BELIEVE I WAS

338
01:06:43.499 --> 01:06:54.877
TOLD LAST YEAR THAT IT WAS GOING TO MAKE PERMANENT EITHER THIS YEAR OR NEXT FISCAL YEAR. I JUST I WOULDN'T I WOULD LOVE AN UPDATE. IT'S A POSITION THAT THAT HAS BEEN HELPING MANY SCHOOLS AND

339
01:06:54.877 --> 01:07:06.622
IN COLLABORATION WITH THE STREETS DEPARTMENT AND THE AND TO COME UP WITH NEW LAYOUTS FOR SAFER UM ROUTES FOR TO DROP DROP OFF AND PICKUP HOURS FOR

340
01:07:06.622 --> 01:07:17.566
PARENTS. SO I REALLY WANT TO ADVOCATE FOR THAT AND WANTED TO ASK DO YOU GUYS HAVE ANY UPDATE ON THAT OR ARE AWARE OF UH BECOMING PERMANENT? NO. >> BEYOND THAT UH THE ARPA

341
01:07:17.566 --> 01:07:28.711
FUNDS COMING THROUGH MIDWAY THROUGH FY 27 AND UH I KNOW THAT UH THE STREETS COMMENTS ARE EVALUATING UM SITUATIONS WHERE YOU KNOW, IF THEY HAVE

342
01:07:28.711 --> 01:07:40.389
VACANCIES WITHIN THEIR DEPARTMENT OR IS TO TO MEET TO MEET THAT SORT OF SERVICE UH REQUIREMENT. OKAY. WELL CONSIDER THIS MY ASK TO THE STREETS CABINET AND TO YOU ALL TO MAKE SURE THAT UM BY

343
01:07:40.389 --> 01:07:52.902
NEXT FISCAL YEAR THAT THERE IS PLANS TO KEEP IT THERE AND TO I HAVE OTHER PLANS FOR FOR FOR BTD SO I'LL MAKE SURE TO TALK TO THEM SPECIFICALLY ABOUT THAT PLAN OR AND SPECIFIC IN THAT

344
01:07:52.902 --> 01:08:03.946
POSITION AND THE IMPORTANCE OF THAT ROLE. SO THANK YOU FOR THAT. AND THEN JIM IN THE IN THE SPIRIT OF THE STREETS CABINET TOO, I KNOW THAT YOU MENTIONED THAT SOMETIMES ESPECIALLY FOR

345
01:08:03.946 --> 01:08:14.457
FOR ROAD PAVING OR FIXING IN GENERAL THEY ARE ALLOCATED MONEY FROM THE CAPITAL BUDGET BUT SOMETIMES OPERATING BUDGET IS USED FOR THAT. CAN YOU EXPLAIN TO ME THE

346
01:08:14.457 --> 01:08:26.235
DIFFERENCE BETWEEN THE TWO AND HOW DOES THE CITY OF GO AROUND FIXING ROADS WITH THOSE? UH GREAT GREAT QUESTION. IT SORT OF MOSTLY CENTERS AROUND THE SCALE OF THE OF THE

347
01:08:26.235 --> 01:08:36.779
FIX. UH, SO UM YOU KNOW SPRINGTIME THE THE THE THE FROST SORT OF FINALLY SETTLES AND UM, PUBLIC WORKS IS OUT FILLING

348
01:08:36.779 --> 01:08:45.754
POTHOLES WITH COLD PATCH THAT'S AN OPERATING EXPENSE. THAT'S A MISCELLANEOUS SUPPLY, UM, OUT THERE WITH LABOR, YOU KNOW, CITY WORKFORCE FILLING THE POTHOLES.

349
01:08:45.754 --> 01:08:58.134
UH, THEN THERE ARE SORT OF, UH, PAVING CONTRACTORS WHO COME THROUGH AND EXCAVATE AT THEIR OWN PACE. UH, ADDITIONALLY THAT'S TYPICALLY WITH THE CAPITAL DOLLARS EITHER THROUGH ON

350
01:08:58.134 --> 01:09:10.713
DOLLARS OR THROUGH UH WITH THE CONTRACTOR $90, WHICH IS A STATE ALLOCATION FOR UH LOCAL ROAD MAINTENANCE. SO THAT'S PROBABLY THE IT'S THE SCALE OF THE IMPROVEMENT. OKAY.

351
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>> SO LIKE ON THE OPERATING BUDGET WOULD THAT. >> JUST BE LISTED. UNDER LIKE MATERIALS OR PROJECTS OR SOMETHING? YES. >> SO FOR FOR UM THE OPERATIONAL BUDGET IT WOULD BE THE EMPLOYEES OR IT WOULD BE THE THE CRAFTSPEOPLE OR THE

352
01:09:24.493 --> 01:09:34.870
LABORERS WHO ARE INVOLVED IN THE WORK AROUND THE PRIMARY EMPLOYEE LINE. AND THEN THERE'S MISCELLANEOUS SUPPLIES WHERE THEY'RE BEHIND COAL PATCH UH, PROBABLY TOOLS THINGS OF THAT NATURE BUT UH UM

353
01:09:34.870 --> 01:09:46.348
BUT THAT THAT'S HOW IT PRESENTS ITSELF IN THE OPERATING BUDGET . I APPRECIATE THAT. UM, JUST BECAUSE I KNOW I BOTHER PUBLIC WORKS QUITE A BIT WITH, UM, FILLING POTHOLES ACROSS MY DISTRICT.

354
01:09:46.348 --> 01:09:58.894
UM, I ALSO WANTED TO ADVOCATE FOR THE BOSTON PUBLIC LIBRARY'S UM, EMPLOYEES OVER AT THE ROSLINDALE BRANCH OF THE LIBRARY.

355
01:09:58.894 --> 01:10:09.638
I WAS ABLE TO HAVE A MEETING WITH THE WITH THE COMMUNITY BOARD AND MEMBERS OF THAT THAT SUPPORT THAT LIBRARY AS WELL AS ONE OF THEM WHAT I BELIEVE ONE OF THE MOST USE LIBRARIES

356
01:10:09.638 --> 01:10:20.482
ACROSS THE CITY, THEY HAVE GREAT SUPPORT SYSTEM BUT THEY THEY HAVE NOTICED THAT THEY HAVE FALLEN SHORT IN TERMS OF STAFF. THEY THEY'RE VERY TIGHT AND THEY WERE ASKING FOR THE

357
01:10:20.482 --> 01:10:31.627
POSSIBILITY OF ADVOCATING FOR A EXTRA LIBRARIAN. OBVIOUSLY I KNOW WHAT SITUATION WE ARE IN BUT I WOULD JUST LOVE TO PUT THAT IN THERE INTO YOUR EARS IN CASE THERE'S A POSSIBILITY OF MAKING THAT

358
01:10:31.627 --> 01:10:45.541
HAPPEN IN THE NEAR FUTURE. AND THEN UM, FOR. I DON'T KNOW IF THIS IS BETWEEN. DCF AND BP BUT I HAVE TWO

359
01:10:45.541 --> 01:10:57.019
POOLS. >> IN. THE MATTAPAN AREA THAT UM, THEY ARE AS OF NOW OPERATING AND THEY'RE GOING TO BE OPEN WHICH ARE THE MILDRED POOL, THE

360
01:10:57.019 --> 01:11:10.532
MILDRED OUT COMMUNITY CENTER POOL AND THEN THE HUNT SCHOOL POOL. I WOULD LOVE TO MAKE SURE THAT THE POSITIONS. AT THOSE. >> POOLS BOTH FOR MAINTENANCE FOR LIFEGUARDS, FOR SWIM INSTRUCTORS THAT THEY'RE SET IN

361
01:11:10.532 --> 01:11:21.110
PLACE AND THAT THEY WON'T BE INTERRUPTED THROUGHOUT THE YEAR BECAUSE I JUST KNOW THAT SINCE I'VE BEEN HERE AND BEFORE I GOT HERE, THE THE TIMING OF OPENING OF THE POOLS HAVE BEEN ON AND.

362
01:11:21.110 --> 01:11:32.621
OFF AND I JUST ATTENDED A MATTAPAN BUDGET TOWN HALL MEETING MAYBE TWO WE CAN TWO WEEKENDS AGO AND THAT WAS ONE OF THE MAJOR ASK FOR. >> THE POOL. SO JUST. PUTTING ANOTHER PLUG IN FOR.

363
01:11:32.621 --> 01:11:46.602
THE SUPPORT TO THOSE TWO POOLS. YEAH BUT. THAT'S IT FOR ME. I KNOW THAT A LOT OF MY COLLEAGUES ANSWER SOME OF THE MORE BROAD GENERAL QUESTIONS. SO I WANTED TO DIVE A LITTLE DEEPER INTO MORE SPECIFICS TO

364
01:11:46.602 --> 01:11:59.381
MY AREA. BUT UM. >> I APPRECIATE THE WORK YOU'RE DOING. I'LL SEE YOU GUYS AT THE CAPITAL BUDGET. THANK YOU. >> OKAY. >> THANK YOU VERY MUCH. WE'VE ENJOYED BY COUNCILOR SANTANA. SO, UH, NEXT UP IS COUNCILOR LOUIJEUNE AND COUNCILOR CULPEPER

365
01:11:59.381 --> 01:12:10.426
COUNCILOR EARL COUNCILOR FITZGERALD AND COUNCILOR SANTANA. COUNCILOR LOUIJEUNE. THANK YOU, MR CHAIR AND THANK YOU TO THE ADMINISTRATION FOR BEING HERE AND THANK YOU FOR YOUR WORK. THIS IS AN INCREDIBLY DIFFICULT BUDGET.

366
01:12:10.426 --> 01:12:21.136
WE FIND OURSELVES IN A CHALLENGING FISCAL TIME AND WE FIND A LOT OF CUTS TO THINGS THAT WE DEEPLY CARE ABOUT. I KNOW FOR MYSELF WITH THE OFFICE OF RETURNING CITIZENS, THE GRANTS THAT THEY WERE ABLE TO GIVE THAT WAS THAT CAME ON

367
01:12:21.136 --> 01:12:36.785
THIS COUNCIL CHAMPIONING THAT AND SO WE'RE GOING TO HAVE A LOT OF WORK TO DO AND A LOT TO DELIBERATE ON. BUT I UM WANT TO SAY THAT. UM. >> WHEN WE HAD THESE CONVERSATIONS ABOUT UM, OUR

368
01:12:36.785 --> 01:12:48.597
BUDGET AND WHAT WE VALUE THERE NOT AS MANY OF YOU KNOW AS YOU KNOW, THEY'RE NOT IN THE ABSTRACT. AND SO, UM. I CARE DEEPLY ABOUT MAKING SURE

369
01:12:48.597 --> 01:13:01.076
THAT WE HAVE THE RESOURCES TO, UH, MAINTAIN BASIC CITY SERVICES AND ALSO THAT WE CONTINUE TO PARTNER WITH THOSE WHO ARE HELPING US DO THE WORK OF COMMUNITY SAFETY. UM, AND HELPING TO

370
01:13:01.076 --> 01:13:11.987
COMBAT LONELINESS. AND SO I ALSO THINK IT'S INCUMBENT UPON THIS BODY TO TO TO SEE THE SITUATIONS THAT WE ARE IN AND FOR US THAT WE KNOW AND WE'VE ASKED IT AND I ALMOST DON'T EVEN WANT TO ASK THE

371
01:13:11.987 --> 01:13:23.298
QUESTION ANYMORE BECAUSE IT REALLY TAKES A LOT OF POLITICAL WILL AND CAPITAL FOR US TO DO WHAT IS NECESSARY TO GROW REVENUE. UM, AND SOMETIMES IT MAY SEEM UNPOPULAR BUT THERE ARE THINGS THAT WE HAVE TO DO AS A CITY,

372
01:13:23.298 --> 01:13:35.077
UM, TO MAKE SURE THAT WE'RE ABLE TO BRING IN UM NECESSARY REVENUE TO TO FUND WHAT WE CARE ABOUT. WHEN I FIRST CAME ON THIS BODY, SOMETHING I ALSO TALKED ABOUT WAS OUR ABILITY.

373
01:13:35.077 --> 01:13:48.157
UM, I'VE BEEN ASKING. UH. >> ABOUT OUR DEBT SERVICE AND IT LOOKS LIKE THAT IN THIS YEAR THAT WE ARE FINALLY CHANGING DEBT SERVICE SLIGHTLY. UH, JIM, I THINK I WAS LATE AND YOU TALKED ABOUT THAT, BUT WE

374
01:13:48.157 --> 01:14:02.004
COULD TALK A LITTLE BIT ABOUT DEBT SERVICE AND, UH, HOW OUR APPROACH TO DEBT SERVICE HAS CHANGED FROM THIS YEAR FROM LAST YEAR. SO IN. THIS UPCOMING BUDGET WE. MADE AN. >> ASSUMPTION AROUND UM, JUST A

375
01:14:02.004 --> 01:14:12.781
REFUNDING THAT WE'RE PLANNING TO DO IN THE SPRING. UM, AND A LITTLE BIT OF RESTRUCTURING THAT WE'LL DO AS A RESULT OF THAT WHICH ALLOWS US TO RECOGNIZE SOME SAVINGS IN THE NEXT FISCAL YEAR.

376
01:14:12.781 --> 01:14:25.394
UM, WE HAVE MADE A MODEST ADJUSTMENT TO OUR DEBT. SERVICE POLICY GOING FORWARD AND WE'LL TALK ABOUT THIS THIS AFTERNOON. BUT UM, WHERE WE'VE SLIGHTLY. EASED THE RATE OF PRINCIPAL RETIREMENT PREVIOUSLY.

377
01:14:25.394 --> 01:14:39.208
>> WE WERE. EXTREMELY AGGRESSIVE AND WE'RE. STILL AGGRESSIVE. EXTREMELY AGGRESSIVE. WE'RE STILL. >> BEING VERY AGGRESSIVE. BUT UM EASING. THAT SLIGHTLY UM WE'VE MADE NO CHANGE. >> TO THE OVERALL. >> DEBT LIMIT THAT 7% BUT WE'VE MADE A MODEST ADJUSTMENT TO THE

378
01:14:39.208 --> 01:14:50.719
UH PRINCIPAL RETIREMENT POLICY . UM, WHAT IS THE PERCENTAGE OF THE OPERATING BUDGET THAT IS DEBT SERVICE? SO UH, I THINK IN THIS BUDGET IT'S AROUND 6%. WHICH IS A SLIGHT WHICH IS A

379
01:14:50.719 --> 01:15:02.931
SLIGHT DECREASE FROM LAST YEAR. UH. WHERE IT WAS IT WAS 7%. I DON'T KNOW. >> IF. WE'VE I. >> THINK WE. KIND OF MOVES AROUND A LOT AS THE BUDGET RISES AND FALLS. RIGHT.

380
01:15:02.931 --> 01:15:15.310
SO IT'S ALWAYS A LITTLE BIT OF A MOVING TARGET I THINK. WHERE YOU KNOW I YOU'RE PROBABLY. RIGHT YOU PROBABLY. LOOKED THIS UP BEFORE AND. >> YOU REMEMBER. >> THE PRESENTATION FROM LAST YEAR BUT I. JUST REMEMBER THIS I'VE BEEN ASKING THIS QUESTION. YEAH I MEAN IT'S.

381
01:15:15.310 --> 01:15:25.988
IT'S LIKE IT'S KIND OF AROUND IT AND THEN BY THE END OF OUR YOU KNOW, CURRENT. PLAN WHICH AGAIN WE'LL TALK ABOUT WELL THE SLIDE THIS AFTERNOON THAT TALKS ABOUT IT BUT WE WE GET TO THAT SEVEN. YEAH UM SO BUT WE'VE MADE NO

382
01:15:25.988 --> 01:15:38.467
CHANGES TO THAT ASSUMPTION. SO ON THE ONE HAND AND UM AND THE RESTRUCTURING THAT YOU SAY THAT YOU WERE DOING IT'S THE LESS AGGRESSIVE UH. SO THE RESTRUCTURING AS IT RELATES. >> TO THE SAVINGS THAT APPEAR. >> IN THIS BUDGET. >> ARE.

383
01:15:38.467 --> 01:15:54.483
LESS ASSOCIATED WITH UM, THAT. POLICY CHANGE BUT MORE WE'RE. >> DOING A REFUNDING OF A PREVIOUS UM BORROWING WHICH. >> IS WE JUST NORMALIZING. >> IT OVER. YES. >> WHICH IS NORMAL AND WHICH HAS THE ADVERTISING IT OVER. A SLIGHTLY LONG, LONG TIME. >> SO NO LONGER A 20 YEAR BUT. >> STILL 20 YEAR.

384
01:15:54.483 --> 01:16:07.529
IT'S STILL 20 YEARS. YEAH IT'S. >> STILL 20 BUT WITHOUT GETTING OVERLY COMPLICATED THE ONE OF THE REFUNDING WE'RE DOING IS RELATED TO A UM SHORT TERM DIRECT PLACEMENT BORROWING THAT WE DID THAT WAS A I BELIEVE A TEN. YEAR SO. >> WE'RE REFUNDING IT AND THEN

385
01:16:07.529 --> 01:16:21.543
AMORTIZING THAT DEBT OR OVER 20 WOULD HAVE BEEN HAD IT BEEN GEOTAGGED. YEAH. >> UM I THINK IT'S INCREDIBLY IMPORTANT THAT AND I UNDERSTAND AND I UNDERSTAND THAT IT PLAYS INTO OUR TRIPLE A BOND RATING AND I UNDERSTAND THAT BUT UM I

386
01:16:21.543 --> 01:16:33.088
DO BELIEVE THAT. THIS IT IS AN AREA WHERE IF WE'RE IF WE'RE DOING SAVINGS AND IF WE WERE DOING THE READJUSTMENTS WE SHOULD BE DOING IT TO OUR DEBT SERVICE BECAUSE EVEN ON A 20 YEAR SCALE

387
01:16:33.088 --> 01:16:44.933
,UH, LIKE YOU KNOW, I DON'T KNOW IF THEY DO IT ON 25 BUT EVEN A 30 WHICH IS THE BASIS ON WHICH REGULAR PEOPLE, YOU KNOW, REPAY THEIR MORTGAGES, THE AGGRESSIVENESS ON UH WITH WHICH

388
01:16:44.933 --> 01:16:58.847
WE OF OUR APPROACH WHEN WE COULD BE USING THE MONEY THE FROM 7% TO THE 6% WHICH I THINK RESULTS IN I THINK IN THIS SITUATION RESULTING IN $13 MILLION YOU SAID. >> THE $30. >> MILLION SAVINGS UM, BUT EVEN

389
01:16:58.847 --> 01:17:11.360
IF IT'S JUST 1%, IF IT'S A CHANGE FROM 7% OF THE OPERATING BUDGET TO 6%, WE'RE TALKING ABOUT $48 MILLION WORTH OF SAVINGS THAT WE THEN COULD REALLOCATE TO UM, UM, TO OTHER

390
01:17:11.360 --> 01:17:19.801
EXPENDITURES. SO I JUST WANTED TO CONCLUDE CONTINUE I DON'T WANT IT I WOULD ACTUALLY LOVE TO SEE THAT PLAY OUT IN A SITUATION WHERE WE DON'T HAVE SORT OF THESE CONSTRAINTS THAT YOU'RE TALKING

391
01:17:19.801 --> 01:17:33.582
ABOUT BECAUSE I THINK IT UM I THINK IT WILL BE DIFFICULT UH, TO TO SEE IF CAUSATION. RIGHT. BECAUSE I THINK THE FEAR IS ALWAYS LIKE WHAT WILL THIS END UP DOING TO SORT OF HOW WE'RE VIEWED ON THE MARKET? UM, AND I DON'T ACTUALLY THINK

392
01:17:33.582 --> 01:17:45.060
THAT THERE'S GOING THERE'S A BIG IMPACT BECAUSE I THINK BECAUSE OF THE STRENGTH OF OUR PROPERTY TAXES AND SO ON AND SO FORTH. BUT UM, I JUST WANT US TO CONTINUE TO LOOK AT THAT AS A AS A WAY FOR US TO GIVE OURSELVES MORE FLEXIBILITY.

393
01:17:45.060 --> 01:17:56.138
UM 20S AND I WANT TO ASK ABOUT FREE CASH AND I WANT TO ASK ABOUT OUR RESERVES. UM, HOW MUCH DO WE HAVE IN FREE CASH AND HOW MUCH DO WE HAVE IN RESERVES? HOW MUCH DO WE TAKE FROM FREE CASH LAST YEAR IN RESERVES? SO WE HAVE.

394
01:17:56.138 --> 01:18:09.618
OUR OVERALL. UNASSIGNED FUND BALANCE UM OF 1.2 BILLION AND WE. >> TOOK ONE 110 FROM THAT LAST YEAR. SO WE. START BIG AND. >> THEN WORK OUR WAY DOWN SO THAT 1.2 BILLION.

395
01:18:09.618 --> 01:18:20.529
IS AFTER. WE TOOK THE 110 FOR THE ACCELERATOR FUND. AND THEN THE WAY IT WORKS IS DA BASICALLY TAKES YOUR UNASSIGNED FUND BALANCE. RUNS IT THROUGH. THEIR CALCULATIONS AND THEN

396
01:18:20.529 --> 01:18:33.642
THEY IDENTIFY OF THAT AMOUNT HOW MUCH IS. >> FREE AND CLEAR FOR YOU TO BE. ABLE TO SPEND. SO WE STARTED WITH YOU KNOW. OVER A BILLION THEY RUN IT. >> THROUGH THEIR PROCESS. WE JUST HAD OUR. FREE CASH CERTIFIED I. BELIEVE IT IS 601 MILLION WHICH

397
01:18:33.642 --> 01:18:46.088
IS AN INCREASE FROM LAST YEAR'S. FREE CASH WHICH I. >> THINK WAS 552 MILLION. SO WE'RE SEEING OUR FREE. CASH UM UH INCREASE IT'S NOT ALWAYS. NECESSARILY A FUNCTION OF LIKE

398
01:18:46.088 --> 01:18:58.266
YOU HAVE MORE MONEY GOING AND YOU JUST HAVE LESS UM COMMITMENTS AGAINST THAT FUND BALANCE. SO YOU HAVE MORE OF THAT ONE POINT, YOU KNOW, 2 BILLION AVAILABLE TO SPEND. OKAY AND RESERVES.

399
01:18:58.266 --> 01:19:12.080
SO THAT'S KIND OF THE THAT'S KIND OF REPRESENTATIVE OF WHAT WE KIND OF THINK OF AS OUR RESERVES. OKAY GREAT. AND SO I WILL ASK MORE QUESTIONS HOPEFULLY THIS AFTERNOON. >> THANK YOU OKAY. >> THANK YOU VERY MUCH. UH COUNSELOR CULPEPER SIX. >> MINUTES.

400
01:19:12.080 --> 01:19:23.425
JUST AS A REMINDER. THANK YOU, MR CHAIR. UH, GOOD MORNING. SEE YOU AGAIN. >> HAPPY 100 DAYS. THANK YOU. UH. >> A COUPLE OF QUESTIONS ABOUT

401
01:19:23.425 --> 01:19:37.405
I SEE THAT, UH. THE INTEREST IS IS $40 MILLION INTEREST DOWN FROM 26. HOW MUCH OF A DIFFERENCE IS THAT.

402
01:19:37.405 --> 01:19:51.019
WE'RE ASSUMING. SO INTEREST WAS BUDGETED AT. 80 MILLION. >> IN. THIS CURRENT FISCAL YEAR AND WE'RE ASSUMING IT'LL BE 40 MILLION NEXT YEAR. SO A. 50% REDUCTION FOR. NEXT YEAR AND HOW MUCH WAS IT IN 26. IT WAS BUDGETED.

403
01:19:51.019 --> 01:20:02.898
BUDGETED AT. 80 AND. >> IT'S. ON TRACK TO HIT THAT. AMOUNT THIS YEAR OKAY. SO TO NEXT YEAR WHO ACTUALLY DOES HANDLES ALL OF OUR

404
01:20:02.898 --> 01:20:16.711
INVESTMENT DECISIONS. WITH THE COMPANY. SO WE HAVE. UH SO. >> OUR TREASURY DEPARTMENT MANAGES. OUR INVESTMENTS. UM SO OUR CASH. IS INVESTED IN A COUPLE OF DIFFERENT PLACES.

405
01:20:16.711 --> 01:20:32.060
UM SO IT'S MEANT IS IN-HOUSE. >> YES. AND WE MAKE CHOICES ABOUT INVESTMENTS AND YOU KNOW. TREASURIES AND THOSE THINGS. SO THAT'S THAT'S ALL DONE INTERNALLY IN OUR.

406
01:20:32.060 --> 01:20:44.673
TREASURY DEPARTMENT. AND SO WHEN WE LOOK AT THE OVERALL BUDGET. UM WE LOOK AT THE CUTS I THINK YOU SAID THERE WAS 700 POSITIONS.

407
01:20:44.673 --> 01:20:56.284
UH WE'RE GOING TO BE CUT. UH HOW ARE THE DECISIONS MADE ON WHAT THIS IS? AND I'M NOT TALKING ABOUT THE VACANT ONES. I'M TALKING ABOUT UM LET ME LET

408
01:20:56.284 --> 01:21:08.430
ME GIVE YOU AN EXAMPLE. SO I'VE BEEN CLAMORING ABOUT THE FAIR HOUSING DIRECTOR. BEING HIRED. THAT'S A VACANT POSITION. WOULD THAT BE A POSITION THAT AND THESE THAT ARE BEING CUT

409
01:21:08.430 --> 01:21:21.409
AND IF NOT, HOW DO YOU DETERMINE WHICH ONES ARE IDENTIFIED TO BE CUT OR WHICH ONES HAVE YOU DECIDED NOT TO HIRE SOMEONE FOR THAT GOES INTO THE CUT? YEAH. >> UM SO.

410
01:21:21.409 --> 01:21:33.421
I BELIEVE THE FAIR HOUSING DIRECTOR IS. ACTIVELY BEING. RECRUITED FOR AND GOING THROUGH THE HIRING PROCESS SO THAT ONE IS ALL SET. BUT GENERALLY. SPEAKING, UM. WHEN IT COMES. TO I'LL TALK ABOUT IT TWO

411
01:21:33.421 --> 01:21:43.798
DIFFERENT WAYS WHEN IT COMES TO A LONG TERM VACANT POSITION, WE'LL LOOK AT A DEPARTMENT AND SAY LIKE GOSH, YOU HAVEN'T FILLED THAT POSITION FOR FIVE YEARS AND EVENTUALLY WE SAY OKAY, YOU'RE NOT GOING TO AND WE'LL JUST REMOVE THAT POSITION

412
01:21:43.798 --> 01:21:55.710
FROM YOUR BUDGET. AS IT RELATES TO ASSUMPTIONS. AROUND UM, POSITIONS YOU MAY HAVE. THAT ARE VACANT THAT YOU WANT TO HIRE FOR. WE I THINK LIKE THE WAY TO

413
01:21:55.710 --> 01:22:07.656
THINK OF IT IS LIKE A MENU YOU KNOW DEPARTMENTS HAVE A MENU OF POSITIONS THAT THEY CAN HIRE FOR BUT YOU ONLY HAVE A CERTAIN AMOUNT OF MONEY. SO THE CHOICES ABOUT WHICH POSITIONS YOU CHOOSE TO FILL WITH.

414
01:22:07.656 --> 01:22:19.868
THROUGHOUT THE YEARS ULTIMATELY . >> KIND OF A DEPARTMENTAL DECISION BASED ON HOW MUCH BUDGET YOU HAVE AVAILABLE TO YOU. SO WE HAVE SOME IDEA WHEN. WE'RE PUTTING THE BUDGET. TOGETHER, BUT ULTIMATELY DEPARTMENTS WILL HAVE THAT FLEXIBILITY. >> DURING THE YEAR. CAN CAN WE GET A BREAKDOWN

415
01:22:19.868 --> 01:22:33.682
OF WHICH POSITIONS UH ARE BEING CUT THAT WERE VACANT AND FOR HOW LONG? YES. >> SO WE CAN. WE WILL CERTAINLY. FOLLOW UP ON THE LONG TERM VACANCIES THAT HAVE BEEN REMOVED. UM AND THEN IN TERMS OF KIND

416
01:22:33.682 --> 01:22:44.859
OF THE SALARY SAVINGS WE CAN PROVIDE YOU WITH THE OVERALL AMOUNT OF SALARY. SAVINGS IN. DEPARTMENTS AND THEN AGAIN, THAT'S KIND OF LIKE HOW MUCH BUDGET THEY HAVE AVAILABLE TO MAKE CHOICES WITHIN UH, THE POSITIONS DO HAVE.

417
01:22:44.859 --> 01:22:57.806
AND THAT 2% CUT THAT YOU ASKED ALL OF THE DEPARTMENTS TO MAKE THAT'S REFLECTED IN THE CUTS THAT WE'RE SEEING NOW. IN SOME CASES. RIGHT. UH, DEPARTMENTS PRESENTED.

418
01:22:57.806 --> 01:23:10.618
US OPTIONS AT THE BEGINNING SOMETIMES MY TEAM REMINDED ME YESTERDAY RIGHT. LIKE SOME DEPARTMENTS ENTERED IN TOO MUCH. RIGHT. IT'S JUST YOU KNOW SO. THERE'S MORE THAN TWO. YES. WHAT WE'RE SAYING AND IT. >> COULD HAVE BEEN AN ACCIDENT THEY. ADDED AN EXTRA. ZERO RIGHT.

419
01:23:10.618 --> 01:23:21.296
>> SO WE GET. >> SORT OF A. BASELINE UM SET OF INFORMATION FROM DEPARTMENTS BUT THEN IT'S A YOU KNOW, JIM'S. ENTIRE TEAM SPENDS THE NEXT COUPLE OF MONTHS GOING THROUGH IT WITH THEM. SO IN SOME CASES THE THE CUTS

420
01:23:21.296 --> 01:23:34.275
THAT THEY HAVE PROPOSED WE TOOK IN SOME CASES WE. DIDN'T RIGHT. IT'S A LITTLE YOU KNOW IT. VARIES BY DEPARTMENT. >> AND SO CAN YOU TELL ME WHAT CUTS WOULD YOU HAVE TAKEN AND WHAT CUTS WOULD YOU HAVE SAID. NOT NOW WHAT WAS THAT BASED ON

421
01:23:34.275 --> 01:23:47.789
THE CUTS THAT YOU ACCEPTED AND THE CUTS THAT YOU SAID WELL NOT NOW LET'S HOLD ON TILL NEXT YEAR. YEAH. >> I MEAN. >> I THINK GENERALLY. ANYTHING THAT WOULD HAVE AFFECTED A. >> CORE CITY SERVICE. UH, FILLED POSITION WHERE THINGS THAT WE YOU KNOW, WE'RE

422
01:23:47.789 --> 01:23:58.700
NOT INTERESTED IN TAKING. SO IT WAS REALLY YOU KNOW, WHAT'S DISCRETIONARY AND AVAILABLE AND WOULD NOT IMPACT THOSE BASIC CITY SERVICE LEVELS. AND SO WE KNOW THAT THE

423
01:23:58.700 --> 01:24:14.315
BLACKWELL ADVANCEMENT THEY'VE BEEN DOING A GREAT JOB. EVERYONE'S BEEN. UM EXCITED ABOUT THE WORK THAT THEY'VE BEEN DOING ESPECIALLY. WHEN IT. >> TOUCHES COMMUNITIES SAFEST CITY UH IN THE COUNTRY.

424
01:24:14.315 --> 01:24:28.129
UM BUT THAT'S PART OF THE WORK THAT THEY DO AND THE CUT THAT THEY'VE HAD THIS CUT THIS YEAR IS QUITE A CUT AND.

425
01:24:28.129 --> 01:24:43.144
THAT'S OFTEN SAID WE NEED TO BE LEVEL FUNDED. WHAT WAS THE BASIS WHEN YOU LOOKED AT THOSE CUTS THAT YOU MADE THOSE CUTS IN OFFICE LIKE THE BLACKMAIL ADVANCEMENT. YEAH. >> SO GENERALLY WE.

426
01:24:43.144 --> 01:24:55.890
UH YOU KNOW BECAUSE WE ELIMINATED FUNDING FOR A LOT OF. DISCRETIONARY GRANT PROGRAMS DEPARTMENTS. LIKE BLACK. >> MALE ADVANCEMENT OR OTHER DEPARTMENTS. IN THAT CABINET OR IN IN THE ARTS. CABINET FOR EXAMPLE. THAT'S WHERE A LOT.

427
01:24:55.890 --> 01:25:08.336
OF THOSE DISCRETIONARY PROGRAMS LIVE. UM AND SO WHEN YOU'RE MAKING A CHOICE TO TO REMOVE FUNDING FOR THOSE TYPES. >> OF PROGRAMS. THAT IMPACT MANIFESTS ITSELF IN THE DEPARTMENT LIKE BLACK MALE ADVANCEMENT MORE THAN THE

428
01:25:08.336 --> 01:25:20.682
POLICE. DEPARTMENT, FOR EXAMPLE. AND YOU TALKED ABOUT THE RECRUITING CLASSES EARLIER AND THE DIFFERENT. FINISHES QUESTION ON YOUR FOR

429
01:25:20.682 --> 01:25:30.358
YOUR 100TH DAY. DISCUSSION TOMORROW. YOU CAN'T. SO YOU YOU TALKED ABOUT THE DIFFERENCE IN THESE CUTS WHEN

430
01:25:30.358 --> 01:25:42.937
WHEN YOU LOOK AT UM CABINET BY CABINET BREAKDOWN FTE FISCAL SEVEN AND COMPARE THEM TO STAFFING LEVELS OVER PREVIOUS

431
01:25:42.937 --> 01:25:57.285
YEARS UH EXCLUDING BPA, HOW DID YOU COME TO THE CONCLUSION WITH THE DECISION OF THE CUTS THAT YOU MADE. TO STAFFING SPECIFICALLY. OR JUST IN. GENERAL IN GENERAL? UH.

432
01:25:57.285 --> 01:26:07.695
SO AGAIN IT WAS. REALLY A FUNCTION OF THOSE. CORE TRADE OFFS WHERE IT'S PRESERVING CITY SERVICES. FILLED POSITIONS UM, AND TRYING TO, YOU KNOW, FIT WITHIN THIS

433
01:26:07.695 --> 01:26:20.642
CONSTRAINED PART. SO LIKE I WAS JUST SAYING. CERTAIN DEPARTMENTS HAVE MORE. DISCRETIONARY FUNDS AVAILABLE TO THEM. WHETHER IT'S THROUGH A GRANT PROGRAM OR. >> SOME. OTHER CONTRACTED. SERVICE VERSUS UH. PERSONNEL HEAVY. DEPARTMENT LIKE THE FIRE

434
01:26:20.642 --> 01:26:32.287
DEPARTMENT. SO IT'S REALLY. KIND OF STRIKING A BALANCE BETWEEN THOSE UM, COMPONENTS. MR CHAIR, WAS THERE MY OTHER QUESTION TO THIS AFTERNOON.

435
01:26:32.287 --> 01:26:44.966
THANK YOU. OKAY, I THINK WE MAY WE HAVE A SECOND ROUND UH. FOR FOR THIS PANEL. YEAH. >> UH, BUT UM SO. STICK AROUND IF YOU CAN. UH, COUNCIL WILL. THANK YOU. >> CHAIR. THANK YOU FOR BEING HERE.

436
01:26:44.966 --> 01:26:55.810
UM. PIGGYBACKING OFF A COUNCIL CALL. PEPPERS QUESTION. UM, I KNOW WE A LOT OF. SMALLER DEPARTMENT. YOU KNOW, A. BIG MAJORITY OF THEIR.

437
01:26:55.810 --> 01:27:09.290
BUDGET ARE GRANTS, RIGHT? UM. >> SO IN THE CASE THAT, YOU KNOW, IN THEIR ENTIRE OR LET'S SAY LIKE 75 OR 90% OF THEIR GRANT MONEY WAS UM REMOVED.

438
01:27:09.290 --> 01:27:20.535
DID THEY EXPERIENCE CUTS ON TOP OF THAT? UM, I WISH I HAD THE NUMBERS FOR YOU KNOW, UH, LET'S SAY UH UH, MAYOR'S OFFICE OF WOMEN

439
01:27:20.535 --> 01:27:29.911
ADVANCEMENT UM, WHERE WHERE I BELIEVE THERE'S A GOOD CHUNK OF THEIR FUNDING THAT WOULD GRANT ON TOP OF THAT REMOVAL

440
01:27:29.911 --> 01:27:43.658
OF GRANT, WOULD THEY STILL CUT OTHERWISE OR ANY DEPARTMENT NOT JUST UM, SPECIFICALLY? YEAH. >> I THINK IT WAS A VERY HOLISTIC APPROACH TO SORT OF UM BUDGET REDUCTIONS AND SOMETIMES

441
01:27:43.658 --> 01:27:56.137
UH WOULD. UH DEPARTMENTS WILL OFTEN OFFER UP THINGS THAT PROBABLY YOU'VE SEEN IN THE NUMBERS YOU SEE FROM THE STATUS REPORTS PLACES THAT ARE SEEING RECURRING SURPLUSES. SO THERE'S. >> A POSSIBILITY THAT ON TOP

442
01:27:56.137 --> 01:28:08.483
OF THE GRANT. BEING PULLED OKAY. UM AND THEN WOULD YOU BE ABLE TO PROVIDE A LIST OF DEPARTMENT ,YOU KNOW, PERCENTAGE WISE

443
01:28:08.483 --> 01:28:22.363
THAT HAVE HAD THE HIGHEST CUT? YES. >> WE CAN PROVIDE UH, REDUCTIONS. OVER OR. >> PERCENT CHANGE. FROM LAST YEAR BY DEPARTMENT. IS THAT WHAT YOU'RE LOOKING? YES. >> YEAH OKAY. YEAH, THAT WOULD WORK.

444
01:28:22.363 --> 01:28:36.611
UM, THE OTHER QUESTION I HAVE IS AROUND THE DEBT POLICY. UM, UH, I LOVE THE FACT THAT WE'RE TAKING A LOOK AT, YOU

445
01:28:36.611 --> 01:28:47.588
KNOW, COST SAVINGS STRATEGIES THAT ARE NOT JUST, YOU KNOW, UM, REMOVING MONEY FROM DEPARTMENTS. UM, HAVE WE IDENTIFIED, UH, YOU

446
01:28:47.588 --> 01:28:58.166
SAID YOU SAVED 13 MILLION IN SAVINGS, UM, CHANGING THE DEBT POLICY TO DO 110 YEAR OLD BOND . UH, IS THAT POSSIBLE? UM, FOR HAVE WE IDENTIFIED MORE

447
01:28:58.166 --> 01:29:10.712
BONDS THAT WE CAN DO THIS TO AND IF SO, HOW MANY MORE CAN WE EXPLORE THIS? YEAH. SO SO WE'RE. WE'RE ANTICIPATING UM, A REFUNDING THIS SPRING. THAT IS UH, UM MULTIPLE UM, YOU

448
01:29:10.712 --> 01:29:23.791
KNOW, MULTIPLE ISSUANCES FROM THE PAST. THIS ONE IN PARTICULAR THAT I WAS JUST DESCRIBING TO COUNCILOR LOUIJEUNE IT WAS. IT WAS. >> UNIQUE IN THAT. WE HAD PREVIOUSLY ASSUMED THAT WE HAD TO PAY IT BACK OVER TEN

449
01:29:23.791 --> 01:29:35.470
YEARS, BUT NOW WE'RE STRETCHING OUT THAT, UM, AMORTIZATION. ALL OF OUR OTHER ONES. EXCUSE ME. UM, WOULD HAVE THE SAME AMORTIZATION SCHEDULE. SO IT WAS KIND OF JUST LIKE THIS UNIQUE. COMPETITION WITH THIS ONE PARTICULAR BOND.

450
01:29:35.470 --> 01:29:50.585
AWESOME. >> UM. >> BUT ALL OF THE REFUNDING SAVINGS ARE. ASSUMED FOR ALL. OF THE MATURITIES THAT WE'RE RIGHT. YEAH. >> AND HAVE WE EVER EXPLORED IF WE WERE TO, UM, TO CANCEL

451
01:29:50.585 --> 01:30:02.764
LOUIJEUNE POINT UM, BE LESS AGGRESSIVE UM, IN OUR REPAYMENT PLAN AND WHAT COST SAVINGS THAT WOULD BE ACROSS ALL ALL OF OUR BONDS? YES. >> SO UM, AS I WAS MENTIONING WE. ARE WE HAVE.

452
01:30:02.764 --> 01:30:13.908
UPDATED OUR DEBT POLICY TO UM ASSUME A SLIGHTLY. STILL AGGRESSIVE BUT SLIGHTLY LESS AGGRESSIVE WHAT'S THAT. RETIREMENT WAS THAT CHANGE WHAT WAS THE DIFFERENCE IN THE. UM SO I. >> ALWAYS.

453
01:30:13.908 --> 01:30:25.586
GET THIS WRONG BUT PREVIOUSLY WE HAD ASSUMED THAT WE WOULD REPAY. I SHOULD KNOW THIS OFF THE TOP. AND THEN WHY ARE YOU DOING THAT? UM, I KNOW IN PREVIOUS YEARS

454
01:30:25.586 --> 01:30:38.533
THAT THERE HAS BEEN A DELAY IN THE POLICE ACADEMY. YEAH, I CAN'T REMEMBER WHAT THAT SAVINGS WAS. DO YOU HAVE THAT? UM. >> YES. AND I THINK IN THIS BUDGET WE HAVE ASSUMED AN ACADEMY

455
01:30:38.533 --> 01:30:50.244
BEGINNING IN THE MONTH OF JUNE . UM, SO WE HAVE KIND OF ASSUMED SOME DELAY ALREADY IN THE POLICE BUDGET ASSOCIATED WITH,

456
01:30:50.244 --> 01:31:05.126
UM, DELAYING THE ACADEMY. GOT IT. >> AND CAN YOU PROVIDE ME WITH THE COST OF THAT? WAS THAT SAVINGS? YES. >> IT'S A YES WE CAN. ALL RIGHT. >> AND THEN I KNOW WE TALKED ABOUT FREE CASH BUT TO MY UNDERSTANDING THERE'S A FEW

457
01:31:05.126 --> 01:31:16.204
MORE OTHER RESERVES UM THAT THAT WE DO HAVE UM IN THE BUDGET UM THE STABILIZATION OR THE RESERVE FUND THAT 2.5% UM,

458
01:31:16.204 --> 01:31:31.252
I THINK THIS IS ON PAGE. IT'S JUST A TRIGGER RESERVE. >> OR IS THIS THE TRIGGER? UM I DON'T I DON'T THINK IT IS . UM. >> SAYS THE LEGALLY REQUIRED RESERVE EQUAL TO 2.5% OF PRIOR YEAR APPROPRIATIONS THAT'S

459
01:31:31.252 --> 01:31:43.631
USABLE FOR ACTION. SORRY. >> AHEAD. >> YEAH. YES. GO AHEAD. GO GO. >> NO, THAT'S THE TRIGGER RESERVE OKAY. EXISTED SINCE. UM, EARLY 80S. YEAH OKAY.

460
01:31:43.631 --> 01:31:59.247
THE ONE UM, COUNTS SIDE TOO. WE'VE NEVER UTILIZED IT. UM. >> IS THAT IF YOU DO APPROPRIATE AND IT DOES REQUIRE THE PROPERTY FROM IT. THAT YOU NEED. TO THEN RESTORE THAT RESERVE IN THE NEXT TAX RATE.

461
01:31:59.247 --> 01:32:08.256
SO BASICALLY. YEAH I'M JUST TRYING TO GET AN UNDERSTANDING OF WHAT THE RESERVES ARE I SAYING NOT ADVOCATING TO USE IT. UM AND THEN THERE'S ONE AND

462
01:32:08.256 --> 01:32:22.537
THERE WAS ONE OTHER UM CATASTROPHIC RISK RESERVE RISK . RETENTION RESERVE YES. AND WHAT IS THAT CURRENTLY AT. UH AND WE WANT TO SAY IT'S LIKE. 4040 MILLION.

463
01:32:22.537 --> 01:32:33.047
>> ISH 43 MILLION. OKAY ALL RIGHT. AND AND THAT IS DESIGNED KIND OF AS LIKE A INSURANCE. RIGHT UNEXPECTED LARGE LOSSES.

464
01:32:33.047 --> 01:32:49.130
YEP I DID THAT I TALKED ABOUT INSURANCE STRATEGIES. YEAH UM YES TO THE CHAIR CAN WE GET A LIST AND THEN THE DOLLAR AMOUNT FOR. >> EACH ONE OF THOSE RESERVES. >> YEAH THANK YOU THANKS. OKAY.

465
01:32:49.130 --> 01:41:04.291
>> UH OKAY. THANK THANK YOU. WE'RE JUST GONNA TAKE A SHORT, UH. FIVE MINUTE. >> RECESS AND COME BACK.

466
01:41:04.291 --> 01:41:28.182
TO.

467
01:41:28.182 --> 01:42:06.086
>>

468
01:42:06.086 --> 01:42:18.031
OKAY. >> WE'RE BACK. FROM RECESS. UH. AND COUNSELOR FITZGERALD. YOU'RE UP. >> UH THANK YOU. CHAIR. APPRECIATE THE TIME. PANEL. THANK YOU VERY MUCH FOR. BEING WITH US TODAY. UM, SO JUST LOOKING AT SOME

469
01:42:18.031 --> 01:42:27.741
OF THESE GRAPHS, UH, OVERALL I'M LOOKING AT THE. THE REVENUE GROWTH, THE BIGGEST REDUCTIONS THAT WE HAD IN REVENUE GROWTH WERE I GUESS YOU COULD SAY FORTUNATELY.

470
01:42:27.741 --> 01:42:40.220
BUT IN THE OVERALL GENERAL FUND REVENUE, THE SMALLEST PIECES OF THE PIE THE INTEREST ON INVESTMENTS LICENSING UH LICENSES AND PERMITS AND DEPARTMENTAL REVENUE ALL SAW A REDUCTION IN GROWTH.

471
01:42:40.220 --> 01:42:51.365
HOWEVER, THEY ARE THE SMALLEST PIECES OF THE PIE SO I GUESS THAT IS A GOOD SIGN. BUT UH. A LOT OF MY OTHER QUESTION COLLEAGUES HAVE ASKED A LOT OF THE LARGER QUESTIONS. SO I'M JUST SORT OF TRYING TO FOCUSING ON THE NICKEL AND

472
01:42:51.365 --> 01:43:02.643
DIMING STUFF HERE. WHAT IS THAT INTEREST IN INVESTMENT ON WHAT ARE THOSE INVESTMENTS THAT WE HAVE AND IS THERE PROJECTIONS ON THOSE INVESTMENTS AS TO HOW THEY MIGHT NOT BE A REDUCTION IN THE

473
01:43:02.643 --> 01:43:14.855
FUTURE? BUT UH, COULD WE SEE GROWTH THERE AND WHAT ARE SOME OF THOSE FACTORS? YEAH. >> SO UM. THAT'S ALL OF OUR. KIND OF CASH THAT WE HAVE AS A CITY. UM. >> IS IT. >> THE SAME AS THE CERTIFIED FREE CASH THAT'S.

474
01:43:14.855 --> 01:43:28.936
UM THE SAME CASH? YES. >> YES. LIKE OUR FREE CASH IS. >> LIKE A. SLICE OF OUR. OVERALL AVAILABLE FUNDS. UM, SO YES, WE YOU KNOW, WE TAKE IN LOTS OF REVENUE. >> AS A CITY. WE INVEST.

475
01:43:28.936 --> 01:43:41.748
IT, UM, WE YOU KNOW, WE'RE MAKING. SURE THAT WE'RE NEVER. LEAVING MONEY IN OUR. LIKE CHECKING ACCOUNT OVERNIGHT SO THAT WE CAN INVEST IT AND. EARN A RETURN. >> ON CASH. SO THE TREASURY TEAM IS CONSTANTLY SWEEPING OUR ACCOUNTS.

476
01:43:41.748 --> 01:43:52.726
>> AND MAKING SURE THEY'RE INVESTED. UM, SO THAT WE CAN EARN INTEREST ON ANY CASH THAT WE HAVE ON HAND. UM, YOU KNOW, THEY'RE IN INTEREST BEARING ACCOUNTS WE HAVE UM, I CAN FOLLOW UP

477
01:43:52.726 --> 01:44:06.406
CERTAINLY WITH MORE DETAIL BUT WE DO, UM, INVEST. IT IN DIFFERENT INTEREST BEARING ACCOUNTS, UH. >> AT DIFFERENT RATES. UH, WE GOT. REALLY GOOD RATES AND OBVIOUSLY THE RATES ARE. HIGHER WHEN TREASURIES. >> ARE. UH, YOU KNOW THE FED FUNDS.

478
01:44:06.406 --> 01:44:21.221
>> RATE IS HIGHER AND SO WE'RE ASSUMING AS. >> THAT. STEPS DOWN. WE HAVE TO ASSUME THAT. >> THE. RATES WE'RE GETTING ON. OUR CASH ARE GOING TO ALSO FOLLOW. SO THAT'S WHERE THAT REDUCTION. >> IS COMING FROM. GOTCHA. >> UM DO YOU HAVE SOME.

479
01:44:21.221 --> 01:44:31.932
EXAMPLES I KNOW WE TALKED ABOUT OR AT LEAST WE'VE BEEN HEARING EARLY ON FROM SOME OF THE DEPARTMENTS AND OTHER FOLKS OUT THERE THAT ARE POTENTIALLY GOING TO BE FEELING SOME OF THESE CUTS, UH, ABOUT UH

480
01:44:31.932 --> 01:44:42.876
PARTNERSHIPS WITH OTHER ENTITIES TO SORT OF FILL IN THE GAP IN THE MEANTIME TO KEEP SOME EXISTING UH, THINGS GOING OR REORG THAT ARE HAPPENING. I KNOW BHP'S GOT A COUPLE IN

481
01:44:42.876 --> 01:44:53.687
SOME DEPARTMENTS OF A REORG WHICH SOMETIMES YOU KNOW, I THINK OF AS LAYOFFS BUT UM EVEN WITHIN OTHER DEPARTMENTS UM. CAN YOU GIVE SOME EXAMPLES OF OF.

482
01:44:53.687 --> 01:45:04.531
OF SOME OF THOSE AT THE MOMENT OF WHERE WE'RE LIKE WELL LOOK HERE'S WHERE SOMETHING IS GOING TO TAKE A HIT AND IT STINKS THAT WE'RE TAKING A HIT THERE BUT HERE'S HOW WE'RE TRYING TO SUPPLEMENT IT THROUGH A PARTNERSHIP OR THROUGH A REORG .

483
01:45:04.531 --> 01:45:16.977
UH, AND JUST MAYBE AN EXAMPLE OF EACH IF YOU GUYS HAVE IT. YEAH. >> SO ONE THAT IMMEDIATELY COMES TO MIND. IS UM THE PARTNERSHIP. UM AROUND UH IMMIGRANT LEGAL DEFENSE. RIGHT.

484
01:45:16.977 --> 01:45:27.387
THAT WAS A I THINK I THINK WE JUST RECENTLY. ANNOUNCED AND SO THAT'S A PUBLIC PRIVATE. PARTNERSHIP UM, THAT WE'RE USING UM AND WE'LL HOPEFULLY BE ABLE TO LEVERAGE THAT GOING FORWARD.

485
01:45:27.387 --> 01:45:40.701
UM, AND THEN UH WE UH PARTNERED WITH I THINK BOSTON FOUNDATION UM AROUND SOME OF THE FOOD ACCESS AS WELL. SO THOSE ARE JUST A COUPLE OF OPPORTUNITIES THAT. COME TO MIND. THERE'S DEFINITELY A. >> LOT. MORE AND IT'LL BE A LITTLE BIT

486
01:45:40.701 --> 01:45:51.978
OF A PROCESS OVER THE YEAR TO KIND OF MATCH THOSE. OPPORTUNITIES TO DEPARTMENTS. IT'S CERTAINLY. NOT GOING TO NOR. SHOULD IT BACKFILL EVERYTHING, BUT WE. ARE VERY MUCH.

487
01:45:51.978 --> 01:46:04.524
WITH THAT IN MIND TRYING TO FIND OTHER. WAYS TO PROVIDE. >> A SERVICE UH. WITHOUT A GRANT WHETHER. >> THAT'S BACKFILLING THROUGH. PHILANTHROPY OR. UM, FINDING OTHER WAYS TO, YOU KNOW, DEPLOY. STAFF DIFFERENTLY THAT CAN

488
01:46:04.524 --> 01:46:16.903
PROVIDE THAT SERVICE INSTEAD. GOTCHA. >> AND I IMAGINE THAT'S GOING TO BE TOUGH EVEN THE PARTNERS I'M SURE EVERYONE'S GOING THROUGH A SORT OF AN ECONOMIC STRUGGLE AT THE MOMENT SO TO SAY WELL, WE'LL JUST PARTNER WITH SO-AND-SO. UM, I CAN'T IMAGINE THEY'RE

489
01:46:16.903 --> 01:46:29.416
SAYING WE CAN BACKSTOP RIGHT? AND WE DON'T EXPECT THAT THAT WILL BE THE CASE. WE WEREN'T YOU KNOW, SAYING OH PHILANTHROPY WILL PICK IT ALL UP BUT THERE'S CERTAINLY OPPORTUNITIES. OUT THERE. UM, I KNOW THERE'S A REDUCTION

490
01:46:29.416 --> 01:46:42.796
IN PUBLIC HEALTH. CAN YOU JUST IS THERE ANY SPECIFICS AROUND IT JUST AS CHAIR OF THE. >> PUBLIC HEALTH YEAH I. JUST WANT TO KNOW WHAT THE REDUCTIONS MIGHT BE. YEP. >> SO THEY. UM I'D SAY PROBABLY. THE LARGEST REDUCTION IS A RESULT OF. THE CHANGE WE MADE IN PENSION.

491
01:46:42.796 --> 01:46:54.241
SO WE BUDGET THEIR PENSION CONTRIBUTION FOR PENSION CONTRIBUTION IN THAT BUDGET. AND SO UM SIMILAR TO HOW WE'RE SEEING THE PENSION SAVINGS ON THE CITY. SIDE, THEY'RE ALSO FEELING IT

492
01:46:54.241 --> 01:47:06.853
IN THEIR APPROPRIATION. SO THAT'S MOSTLY THE THAT'S. >> PROBABLY THE. LARGEST PART. THERE'S PROBABLY. >> OTHER. THINGS THAT ARE GOING UP AND DOWN IN THERE BUT THAT IS A BIG REASON. SO UM IN IN. PUBLIC HEALTH ACTUALLY UM HAS

493
01:47:06.853 --> 01:47:16.730
THE ABILITY TO RETAIN UH REVENUE. SO FROM UH THEY HAVE THEIR PORTFOLIO OF UH BUILDINGS THAT HAVE UH ADMINISTRATIVE REVENUE AND THEY ALSO PROVIDE

494
01:47:16.730 --> 01:47:28.708
TRANSPORTS TO UH UM THAT THEY CAN BOTH UH BUILD UM UH MASSHEALTH OR PRIVATE INSURANCE COMPANIES WHEN IT'S AVAILABLE. SO UH SOMETIMES WHAT IS

495
01:47:28.708 --> 01:47:39.553
PERCEIVED AS A BUDGETARY CUT IS ACTUALLY JUST THEM UM, SORT OF RELOOKING AT THEIR THEIR REVENUE ASSUMPTIONS AND UM, SO THAT'S PART OF LIKE THE OVERALL

496
01:47:39.553 --> 01:47:48.829
REDUCTIONS THEY DID WE DID THAT WE DID APPEAL TO THEM TO SAY HEY CAN YOU LOOK AT SOME OF THOSE ACCOUNTS AND SEE IF YOU CAN CAN UM AND THEY DID COME BACK WITH A SUGGESTION AND

497
01:47:48.829 --> 01:48:02.342
WE TOOK IT UH, SO GREAT. UM FINAL QUESTION UM THE FREE CASH THAT WE HAVE CERTIFIED YOU SAID IT'S UP TO 601 MILLION THIS YEAR. SO I KIND OF LOOK AT THAT AS LIKE YOU SAID IT'S NOT AN INCREASE.

498
01:48:02.342 --> 01:48:13.420
>> IT'S JUST. MORE ACCESS TO WHAT WE HAVE THERE. >> YEAH A LITTLE BIT OF BOTH. >> MORE GOING. IN BUT MORE. ACCESS TO UM YEAH. I BELIEVE COUNCIL LOUIJEUNE ASKED THIS AS WELL AND I JUST BUT I DON'T KNOW IF WE GOT THE FULL HOW MUCH IS IT WITH EVEN

499
01:48:13.420 --> 01:48:24.698
ASIDE FROM JUST THE CERTIFIED FREE CASH WHAT IS THE TOTAL AMOUNT THAT IS TYPICALLY THAT IS RUN THROUGH THAT PROCESS AND THEN. IS THAT. I JUST WORRY ABOUT SOME MESSAGING THERE FOR FOR OUR

500
01:48:24.698 --> 01:48:34.875
CONSTITUENTS BECAUSE IT'S LIKE WE GOT OUR CREDIT CEILING RAISED ALMOST RIGHT LIKE HEY YOU COULD ONLY TAP INTO 550 NOW YOU'RE UP TO 601 MILLION THE FOLLOWING YEAR, BUT EVERYONE

501
01:48:34.875 --> 01:48:47.754
ELSE IS SEEING A DECREASE WHEN WE HAVE ACCESS TO MORE MONEY IT SEEMS A FREE CASH BUT SEEING A DECREASE ELSEWHERE AND PEOPLE RAISING THEIR TAXES AND I COULD JUST SEE PEOPLE TAKING THAT AND SAYING. YOU KNOW.

502
01:48:47.754 --> 01:49:00.100
>> YOU GUYS YOU JUST GOT ACCESS TO MORE FREE MONEY BUT YOU STILL CHARGED US MORE AND YOU JUST EXPLAIN SORT OF LIKE THE WHY THAT MIGHT NOT NECESSARILY BE THE CASE OR IF IT IS WHY IT IS. UM IF I THINK I UNDERSTAND

503
01:49:00.100 --> 01:49:11.711
YOUR. >> QUESTION. SO I THINK. >> I THINK TOO I'M NOT SURE. SO WHAT GOES INTO THAT IS KIND OF WHAT I WAS EXPLAINING THIS KIND OF. OVERALL FUND BALANCE THAT WE HAVE AS OF YOU KNOW, THE. END OF THE YEAR.

504
01:49:11.711 --> 01:49:26.159
AND THEN SO THAT'S UH OUR UNASSIGNED FUND BALANCE IS JUST OVER 1.2 BILLION. THAT'S RIGHT. >> THAT WAS THE NUMBER OKAY. YES. >> AND THEN UH WE SUBMIT THOSE FINANCIAL AND THAT FINANCIAL INFORMATION TO DWR. THEY TAKE A LOOK AT OUR BALANCE

505
01:49:26.159 --> 01:49:40.774
SHEET, TELL US WHAT'S AVAILABLE OUT OF THAT AND THAT'S WHAT IS THE FREE. CASH NUMBER. RIGHT DID I GET IS THAT YOUR WAS. >> THAT YOUR QUESTION. NO I ALSO JUST. >> SORT OF. >> THE BEING ABLE TO RAISE GETTING MORE ACCESS TO MORE MONEY WHILE WE'RE TAXING PEOPLE

506
01:49:40.774 --> 01:49:52.052
. YEAH WELL AND THEN. YEAH AND AN IMPORTANT THING ABOUT FREE. CASH TOO IS IT IS A ONE TIME. RESOURCE RIGHT. WHEREAS OUR YOU KNOW OUR. PROPERTY TAX BASE IS THE AND YOU KNOW FUELS THE THE WHOLE

507
01:49:52.052 --> 01:50:03.229
CITY BUDGET. UM AND SO. WE MAXIMIZE OUR PROPERTY TAX. LEVY THOSE. INCREASE EVERY YEAR THEY'VE. CONSISTENTLY INCREASED EVERY YEAR. WHEREAS IF WE WERE. TO YOU KNOW, DESPITE.

508
01:50:03.229 --> 01:50:17.777
HAVING GREATER ACCESS. TO FUNDS. ,IF WE. >> USE THAT TO SUPPLEMENT ONGOING OPERATIONS. >> IN THE CITY WE. DON'T IT'S GONE RIGHT. YOU USE IT IT HAS GONE. UNDERSTOOD. >> UH, THANK YOU VERY MUCH. I APPRECIATE. >> THE TIME. OKAY. >> UH THANK YOU, UH,

509
01:50:17.777 --> 01:50:31.291
COUNCILOR SANTANA. GOOD MORNING. THANK YOU, MR CHAIR. UM, AND THANK YOU. UM, CHIEF AND. DIRECTOR FOR. >> BEING HERE WITH US. UH, I'M SORRY I'M COMING IN LATE, UM, TO THIS MORNING'S HEARING.

510
01:50:31.291 --> 01:50:42.902
UH, BUT I ACTUALLY JUST WANT TO START RIGHT WHERE COUNCILOR FITZGERALD LEFT OFF. AND I'M SORRY IF YOU'VE. REPEATED THIS. UM, SO I MEAN. THE $601 MILLION OF, UH OF OF

511
01:50:42.902 --> 01:50:56.383
OUR RESERVED MONEY WHAT HAS A, UH SOMEONE ALREADY ASKED LIKE WHY CAN'T WE USE THAT MONEY RIGHT NOW FOR SOME OF THE CUTS THAT WE'RE SEEING? MHM. SO WE. COULD MAKE A CHOICE TO DO THAT. UM WE.

512
01:50:56.383 --> 01:51:07.861
DELIBERATELY IN THIS. >> BUDGET CHOSE NOT TO. DO THAT. BECAUSE OF UH A LOT OF THE DYNAMIC I WAS JUST EXPLAINING TO COUNCILOR. FITZGERALD IT IS NOT. A GREAT YOU KNOW. >> IT'S. NOT FISCALLY RESPONSIBLE TO

513
01:51:07.861 --> 01:51:21.741
PLUG ONGOING OPERATIONS WITH ONE TIME FUNDS. >> AND SO WE. >> WERE ABLE IN THIS BUDGET TO ALIGN SPENDING WITH OUR ONGOING REVENUE. >> SO. THAT WE'RE. >> NOT CREATING A SITUATION WHERE. LIKE I WAS SAYING IF THAT MONEY'S GONE NEXT YEAR WE JUST MAKE A BIGGER.

514
01:51:21.741 --> 01:51:38.158
PROBLEM FOR OURSELVES. UM, WITH THOSE ONGOING COSTS. OKAY. >> UM SO AND CAN YOU GIVE AN EXAMPLE. >> OF WHEN. THE RESERVES HAS BEEN USED OVER THE LAST 5 TO 10 YEARS OR.

515
01:51:38.158 --> 01:51:49.302
SO MOST UH RECENTLY. WE UTILIZED $110. >> MILLION OF FREE. CASH TO FUND THE HOUSING ACCELERATOR FUND. UM, THAT WAS. >> LAST JANUARY. >> SO THAT WAS THE MOST RECENT USE. OF FREE CASH.

516
01:51:49.302 --> 01:52:02.949
UM, IT'S BEEN USED IN THE PAST TO DEAL WITH UM, SHORTFALLS. UM, SO WE TYPICALLY. IN EVERY. BUDGET WE ASSUME THAT WE. WILL USE.

517
01:52:02.949 --> 01:52:17.564
40 MILLION OF IT TO FUND OUR. $40 MILLION. >> OPEB CONTRIBUTION IN. SOME YEARS. OUR REVENUE SURPLUS. UH, IS. SIGNIFICANT ENOUGH THAT WE. >> DON'T ACTUALLY THEN NEED TO. UTILIZE THE FREE CASH WE CAN. COVER THAT OPEB CONTRIBUTION

518
01:52:17.564 --> 01:52:28.441
WITH. RECURRING REVENUE. UM, BUT SOME YEARS IT'S YOU KNOW, IT JUST DEPENDS ON KIND OF WHAT REVENUES DOING. SO THAT'S TYPICALLY HOW WE. UTILIZE IT DURING THE YEAR. >> AND THEN THE HOUSING ACCELERATOR FUND.

519
01:52:28.441 --> 01:52:41.955
WAS A UNIQUE USE. I LOVE THE HOUSING SOLIDARITY FUND. SO UM NO COMPLAINTS THERE. UM ONE MORE QUESTION ON ON JUST THIS IN GENERAL UM. WELL ACTUALLY IT'S IT'S I

520
01:52:41.955 --> 01:52:53.600
ACTUALLY IT'S REALLY A QUESTION FOR THAT SO. I MEAN. >> I KNOW THIS IS I MEAN IT'S A TOUGH YEAR UM I KNOW CUTS HAD TO BE MADE. I THINK. THERE'S A FEW AREAS IN THIS BUDGET WHERE I'M YOU KNOW, I

521
01:52:53.600 --> 01:53:05.111
THINK DISAPPOINTED TO SEE UM, SOME REDUCTIONS. I MEAN I I'VE SINCE FRIDAY AT ON FRIDAY AFTERNOON I THINK MANY OF OUR NONPROFITS AND ORGANIZATIONS RECEIVED COMMUNICATIONS ABOUT NOT

522
01:53:05.111 --> 01:53:17.157
RECEIVING FUNDING AND SINCE THEN I RECEIVED A LOT OF COMMUNICATION FROM THOSE UM FROM THOSE ORGANIZATIONS. AND I KNOW UM CHIEF, YOU MENTIONED PRESERVING CITY SERVICES WAS UH UM A TOP

523
01:53:17.157 --> 01:53:25.498
PRIORITY. RIGHT. AND I THINK IN MY PERSPECTIVE A LOT OF THESE NONPROFITS AND ORGANIZATIONS ARE OUR CITY SERVICES AND I THINK UM, YOU

524
01:53:25.498 --> 01:53:37.911
KNOW, I I REALLY WANT OUR UM, MY COLLEAGUES AND I TO COME TOGETHER ON HOW DO WE, UM, MANAGE THAT BY MOVING FORWARD BEFORE I HAD, YOU KNOW, SUMMER JOBS AND YEAR ROUND JOB THAT I ACTUALLY DO REMEMBER MY

525
01:53:37.911 --> 01:53:50.857
QUESTION DOES THE COUNCIL FOR THAT OR FOR THE $601 MILLION DOES THE COUNCIL HAVE ANY OVERSIGHT ON LIKE I KNOW WE'RE ABLE TO MAKE CHANGES OF UM. UH. >> YOU KNOW, REALLOCATING MONEY. >> FROM DEPARTMENT TO

526
01:53:50.857 --> 01:54:02.569
DEPARTMENT. DO WE HAVE ANY OVERSIGHT ON UH ON TAPPING INTO THE RESERVES? UM. >> SO NOT AS PART OF THE BUDGET. PROCESS I BELIEVE THE. LIMITATIONS OF THE UM CHARTER AMENDMENT.

527
01:54:02.569 --> 01:54:16.783
ONLY EXTEND TO UM, REALLOCATING WITHIN EXPENDITURES AND NOT INCREASING THE BOTTOM LINE OF THE BUDGET. UM. SO I THINK IT EXTENDS JUST TO THE EXPENDITURES IN THIS PROCESS. RIGHT.

528
01:54:16.783 --> 01:54:27.493
>> THANK YOU FOR CLARIFYING THAT. SO I MEAN I WAS VERY HAPPY TO SEE I'VE BEEN BIG ON YOUTH UM, IN OUR MEETINGS I YOU KNOW WE I'VE ALWAYS MENTIONED OUR YOUTH UM I WAS VERY HAPPY TO SEE OVER THE LAST FEW.

529
01:54:27.493 --> 01:54:40.106
YEARS UNDER THIS ADMINISTRATION ,UM SUMMER JOBS HAS BEEN UNCAPPED MEANING NO. MATTER ANYONE WHO CARES WHO WANTS A CHILD WE WILL GET THEM A JOB. AND OUR OFFICE HAS BEEN, UM.

530
01:54:40.106 --> 01:54:51.584
YOU KNOW, WE TRY TO GET THAT OUT TO TO YOUTH. >> AND. REALLY, REALLY WANT TO MAKE SURE THAT OUR YOUTH GET JOBS FOR YEAR ROUND JOBS. UM, AND WE SEE THAT REDUCTION AND I KNOW THERE HAS BEEN COMMUNICATION OF YOU KNOW I THINK THAT'S GOING TO BE FUNDRAISING THAT'S GOING THAT'S

531
01:54:51.584 --> 01:55:02.095
GOING TO BE GOING ON IN PARTNERSHIP WITH PINK. UM I'M REALLY CONCERNED ABOUT THE YEAR YEAR-ROUND JOBS. I MEAN WHEN WE'RE TALKING ABOUT PUBLIC SAFETY, UM, BEING THE SAFEST MAJOR CITY UM I THINK

532
01:55:02.095 --> 01:55:13.773
IT'S NO AND I THINK OUR MAYOR HAS HAD IT TOO. IT'S NO COINCIDENCE THAT WHILE WE'RE SEEING, UM, THAT THAT WE'VE WE'VE INVESTED IN THIS SUMMER AND YEAR ROUND JOBS MORE THAN ANY OTHER TIME UM, IN THE

533
01:55:13.773 --> 01:55:24.183
HISTORY OF BOSTON I THINK THEY GO, UM, YOU KNOW, THE YEAR ROUND JOBS I EMPLOYEE 20 IN MY OFFICE UM, DURING THE YEAR AND UM THAT THAT TIME PERIOD

534
01:55:24.183 --> 01:55:34.827
BETWEEN AFTER SCHOOL WHETHER IT'S 2 OR 3 OR 4 P.M. AND THEN WHEN YOU'RE GETTING HOME SEVEN 8:09 P.M. THERE'S SO MANY VARIABLES THAT CAN HAPPEN THERE . UM, SO I'M REALLY CONCERNED

535
01:55:34.827 --> 01:55:46.706
ABOUT THE YEAR-ROUND JOBS. UH HOW MUCH OF REDUCTION DO WE SEE UM, THERE SPECIFICALLY? UM AND WHAT WHAT DO YOU ASSUME THE IMPACT WILL BE?

536
01:55:46.706 --> 01:55:58.718
UM, SO I THINK THE OVERALL REDUCTION ASSOCIATED WITH THAT PROGRAM IS $5 MILLION. UM, AND AS YOU MENTIONED, YOU KNOW, THERE'S UH A LOT

537
01:55:58.718 --> 01:56:10.196
OF INTENTIONAL WORK THAT'S GOING INTO TRYING TO CREATE PARTNERSHIPS TO AUGMENT OR YOU KNOW, MITIGATE THAT, UH, ANY POTENTIAL NEGATIVE IMPACTS THAT MIGHT COME FROM THAT PROGRAM

538
01:56:10.196 --> 01:56:21.541
BEING REDUCED. SO ARE WE TRYING TO FUNDRAISE THE THE $5 MILLION OR. UM, I BELIEVE THERE ARE CONVERSATIONS HAPPENING WITH OTHER FOLKS IN THE ADMINISTRATION AND EXTERNAL UM

539
01:56:21.541 --> 01:56:34.420
TO TRY AND SUPPLEMENT THAT. OKAY. >> UM, I KNOW MY TIME IS UP BUT THIS IS GOING TO BE AN AREA UM, UH WITH WITH THE GRANTS BUT YEAR-ROUND JOBS IS GOING TO BE AN AREA I'M DEFINITELY GOING TO BE ADVOCATING FOR. I THINK IT'S JUST SO CRITICAL

540
01:56:34.420 --> 01:56:47.367
AND I THINK RIGHT NOW MORE THAN EVER OUR YOUTH SHOULD NOT BE UM ,THE ONES WHO HAVE TO UM. YOU KNOW, SACRIFICE UM, DURING THIS TIME RIGHT NOW AND I THINK

541
01:56:47.367 --> 01:56:59.078
AROUND JOBS IS SO CRITICAL. I KNOW MANY OF ME AND LIKE I KNOW MYSELF PERSONALLY HAVE BENEFITED FROM SOMEWHERE IN HERE ROUND JOBS AND I KNOW MANY OF MY COLLEAGUES HAVE AS WELL. SO UM, THAT'S GOING TO BE AN AREA WHERE I'M DEFINITELY GOING TO BE ADVOCATING FOR UM AND

542
01:56:59.078 --> 01:57:10.823
WORKING WITH THE PARTNERS THAT YOU MENTIONED. UM THANK YOU, MR CHAIR. OKAY. THANK YOU VERY MUCH. WE'LL WE'LL DO A SECOND ROUND. UH, BUT UM, I'M GOING TO GIVE MYSELF A COUPLE OF MINUTES.

543
01:57:10.823 --> 01:57:21.868
UM, SO JUST I GET INTO COUNCILOR COLE PEPPERS QUESTIONS? I DON'T KNOW IF YOU ANSWERED THIS, BUT IS THERE A DEFINITION OF WHAT A LONG TERM VACANCY IS? DID YOU HAVE KIND OF LIKE UM.

544
01:57:21.868 --> 01:57:39.152
IT IS IT'S BASICALLY UH, POSITION THAT'S BEEN OPEN MORE THAN A YEAR BUT WE'VE WE'VE FOUND SITUATIONS WHERE IT'S BEEN LONGER THAN THAT. UM. OKAY. UM. >> AND SO WHEN THERE'S A

545
01:57:39.152 --> 01:57:52.899
POSITION OPEN LONGER THAN A YEAR THEN WE WE'RE LOOKING TO JUST CUT THAT POSITION. IS THAT RIGHT? CORRECT. >> WE WORK WITH THE DEPARTMENT TO TO UNDERSTAND THE CONTEXT AROUND THAT AGENCY.

546
01:57:52.899 --> 01:58:03.776
UH SO SOMETIMES IT'S IT COULD BE THE LABOR MARKET SOMETIMES IT BE SOME OTHER ISSUE WITH WHY IT'S BEEN VACANT. WERE THERE DISCUSSIONS WITH DEPARTMENTS ABOUT YOU KNOW,

547
01:58:03.776 --> 01:58:16.689
LIKE FOR INSTANCE THE OFFICE OF FAIR HOUSING? UM, YOU KNOW, LIKE OKAY, WE'RE IN THE PROCESS OF FILLING THAT POSITION OR. YES. >> YEAH. OKAY. >> UM AND THEN I GUESS SO YEAH .

548
01:58:16.689 --> 01:58:28.801
WE HAVE UH, REPORTED DEFICITS THIS YEAR. UH, AND HOW WERE THOSE DEFICITS ? UM, HOW DO THOSE DEFICITS IMPACT THE PLANNING FOR NEXT YEAR? MHM.

549
01:58:28.801 --> 01:58:40.847
>> UM SO I'LL TAKE THEM THERE'S KIND OF THREE MAIN ONES HEALTH INSURANCE BEING UM A BIG ONE. SO YOU SEE THAT REFLECTED IN NOT BEING PRETTY MUCH THE THING THAT THIS BUDGET IS BUYING US

550
01:58:40.847 --> 01:58:51.891
IS THE UH INCREASE IN EMPLOYER CONTRIBUTIONS TO HEALTH INSURANCE. SO WE THINK WE ARE YOU KNOW, TO THE BEST OF OUR UNDERSTANDING APPROPRIATELY BUDGETING FOR

551
01:58:51.891 --> 01:59:03.469
PROJECTED EXPENSES, UM, FIXING ANY STRUCTURAL ISSUES, UH, ON THE SIDE THAT ARE RESULTING IN HEALTH INSURANCE SHORTFALLS, UM ,AND THEN REBUILDING THE TRUST FUND.

552
01:59:03.469 --> 01:59:15.448
UM, SO WE'VE WE'VE ADDRESSED THAT AND THAT'S WHY THAT IS SUCH A LARGE DRIVER IN THIS BUDGET. UM, ON THE PUBLIC SAFETY SIDE, UM MHM.

553
01:59:15.448 --> 01:59:25.391
YOU WON'T NECESSARILY SEE IT REFLECTED IN THE OPERATING BUDGET BECAUSE I THINK UH THE OVERTIME UM ACCOUNT IN POLICE AND FIRE ARE RELATIVELY STABLE.

554
01:59:25.391 --> 01:59:38.437
THAT'S REALLY A FUNCTION OF UM THE UNIONS HAVING UH OR AT LEAST THE BPA HAVING AN OPEN CONTRACT IN THAT YEAR SO THERE'S NO SORT OF ASSUMED COLA INCREASE IN THAT. UM, BUT SEPARATELY WE CONTINUE

555
01:59:38.437 --> 01:59:50.416
TO WORK WITH UH, BPD AND FIRE ON MANAGEMENT INITIATIVES TO LIMIT OVERTIME. UM AND THEN AS IT RELATES TO SNOW THAT IS ALSO RELATIVELY LEVEL FUNDED.

556
01:59:50.416 --> 02:00:03.196
UM BUT WE ARE NOT UTILIZING FREE CASH RESERVES IN THIS BUDGET TO PLUG ONGOING OPERATIONS. SO WE'RE SORT OF PRESERVING THAT FLEXIBILITY INTO NEXT YEAR. SHOULD WE HAVE ANOTHER YOU KNOW

557
02:00:03.196 --> 02:00:16.042
OVER BUDGET SNOW SITUATION. OKAY. >> AND SO YOU KNOW WE SHOULD NOT EXPECT TO HAVE THE SAME KINDS OF DEFICITS IN NEXT YEAR'S BUDGET. IT IS NOT OUR INTENTION WE HAVE WE HAVE BUDGETED UM YOU KNOW TO

558
02:00:16.042 --> 02:00:28.955
AVOID THAT. YES. OKAY. >> UH AND I GUESS WHAT WHAT SHOULD WE CONCLUDE IF WE DO HAVE A SIMILAR SITUATION WITH LIKE. WHERE THAT COSTS ARE GOING UP TO THAT EXTENT WE'VE MADE A MISTAKE.

559
02:00:28.955 --> 02:00:38.831
UH. I DON'T WANT TO PREDICT UM, ANYTHING CAN HAPPEN, RIGHT? I DON'T THINK WHEN WE WERE HERE IN THE SEAT LAST YEAR WE EXPECTED TWO HISTORICALLY LARGE SNOWFALL SNOWSTORMS.

560
02:00:38.831 --> 02:00:51.110
SO BUT IT JUST SPEAKS TO, UM, MAKING SURE THAT WE STAY IN A STRONG FINANCIAL POSITION SO THAT WE CAN RESPOND TO UNFORESEEN ISSUES AS THEY ARISE. OKAY. AND JUST GENERALLY SO IN

561
02:00:51.110 --> 02:01:02.888
REVENUES AND CALCULATING THE REVENUES I MEAN LIKE WHAT'S WHAT'S YOUR PHILOSOPHY UH AND THEN HOW DOES IT DIFFER FROM OTHER CITIES AND WHAT IMPACT DOES THAT HAVE OVERALL REVENUE

562
02:01:02.888 --> 02:01:15.401
. YES. >> SO UM. UM WE IT'S CAREFULLY UH CALLED THE REVENUE ESTIMATES UH THAT SUPPORT UM EXPENDITURE YOU KNOW ,THE EXPECTED EXPENDITURES. IT'S NOT A REAL WE DON'T CALL

563
02:01:15.401 --> 02:01:24.510
IT A PROJECTION. WE DON'T CALL IT EVEN A BUDGET. WE CALL IT AN ESTIMATE OF REVENUE THAT SUPPORTS UH, THE ANNUAL APPROPRIATION. UM, AND THE GOAL IS TO HAVE A

564
02:01:24.510 --> 02:01:36.188
LEVEL OF, UH, CONSERVATISM TO ABSORB THESE UH, SITUATIONS WHERE THERE ARE UH, 3 OR 4 APPROPRIATIONS THAT UH ARE ALLOWED ARE LEGALLY ALLOWED TO EXCEED THEIR APPROPRIATION, YOU

565
02:01:36.188 --> 02:01:47.099
KNOW, THE PUBLIC SAFETY SNOW AND JUDGMENTS AND SETTLEMENTS OR EXECUTION OF COURTS. UH, SO YOU WANT TO MAKE SURE THAT YOU HAVE SUFFICIENT REVENUES TO TO CATCH THAT AND

566
02:01:47.099 --> 02:01:58.077
TO YOUR POINT ABOUT LIKE TO BE SURE THAT WE'VE SORT OF LOOKED UH, EXCRUCIATINGLY AT HEALTH INSURANCE IN SOME OF THOSE PATTERNS IN LAGGING UM, UH, REPORTING OF LIKE CLAIMS

567
02:01:58.077 --> 02:02:08.187
ACTIVITIES. UH, IT'S SORT OF A MERGED SORT OF UM SORT OF IN THE LAST QUARTER OF LAST YEAR. SO IT WAS IT WAS SORT OF WE WERE DOING IT BASED ON THE BEST INFORMATION WE HAD AT THE TIME

568
02:02:08.187 --> 02:02:19.765
SETTING RATES FOR IT FOR 2016. UM AND THEN SNOW WE SPENT A LOT OF TIMES WITH THE STREET CABINET. WE'VE ALREADY HAD TWO MEETINGS TO SORT OF UNDERSTAND THE DYNAMICS OF WHAT'S GOING ON. THE SNOW IS IT IS UH YOU KNOW

569
02:02:19.765 --> 02:02:30.976
AND THEY'LL THEY'LL TALK ABOUT LIKE IN F1 25 WAS A YEAR OVER YEAR CONTRACT CHANGE SO YOU CAN PERCENT CHANGE IN CONTRACTOR RATES. UH, WE'RE WE'RE SAYING. IN TERMS OF REVENUE WHEN WE'RE

570
02:02:30.976 --> 02:02:40.853
WHEN WE'RE PROJECTING OUR REVENUE OR ESTIMATING A REVENUE I MEAN IT SEEMS LIKE LIKE YOU KNOW, FOR INTEREST ON ON INVESTMENTS AND OTHER THINGS WHERE WE'RE USUALLY ABOVE AT

571
02:02:40.853 --> 02:02:52.431
THE END OF THE YEAR ON OUR PROJECTIONS LIKE WHY WHY IS THAT THE CASE UH TO I MEAN AND HOW DOES IT MEAN IF WE HAVE IF WE OUR PROJECTIONS ARE CONSERVATIVE BUT THEN WE HAVE

572
02:02:52.431 --> 02:03:04.777
TO HAVE LAYOFFS LIKE HOW DOES THAT UH FACTOR IN DOES THAT CHANGE HOW YOU LOOK AT THE PROJECT, THE REVENUES FOR THE NEXT YEAR? IN TERMS OF SOME OF THE UM THE

573
02:03:04.777 --> 02:03:14.653
SURPLUS WHAT WE'VE SEEN IS WE'VE HAD THIS BENEFIT OF UH, SORT OF A FAIRLY SIGNIFICANT UH, NEW GROWTH ENVIRONMENT, YOU KNOW, WITH SO WE'VE HAD UH BUT IT'S STARTING TO MODERATE I

574
02:03:14.653 --> 02:03:27.433
THINK THAT'S SO NEW GROWTH WAS UM JUST ABOUT $18 MILLION OVER UH, THE BUDGET ESTIMATE. SO IT'S VERY IT'S NARROWING UM THAT THE GROWTH THERE SO UH, I

575
02:03:27.433 --> 02:03:39.011
GUESS IN THEORY WE ARE BY DEFINITION BECOMING HAVE BEEN A LITTLE BIT LESS CONSERVATIVE AND WE WANT TO MAKE SURE THAT WE'RE WE HAVE THAT CAPACITY TO WITHSTAND BECAUSE UH, THIS YOU

576
02:03:39.011 --> 02:03:52.158
KNOW FY 26 IS PROBABLY THAT IS WE HAVEN'T HAD TO DO LIKE A I A TO UH TO A SUPPLEMENTAL APPROPRIATION TO CURE A DEFICIT FOR A LONG, LONG TIME. >> SO OKAY. UH, OKAY.

577
02:03:52.158 --> 02:04:05.070
WELL THAT'S MY TIME. SO, UH, WE'RE GOING TO HAVE A SECOND ROUND. WE'RE GOING TO GO TO PUBLIC TESTIMONY. I THINK WE'VE GOT. TWO WELL WE GOT ONE IN PERSON NO ONE. >> ON LINE. ONE ON ONE OKAY SO WE'VE GOT

578
02:04:05.070 --> 02:04:15.381
TWO PEOPLE. SO UH, TWO MINUTES EACH UH FIRST SO WE HAVE HERE GREG MAYNARD IN PERSON AND THEN

579
02:04:15.381 --> 02:04:30.196
WHO'S UH. HELLO OKAY. ARE YOU READY? YEP OKAY. ALL RIGHT. THANK YOU. EXCUSE ME. MY NAME IS GREGORY MAYNARD AND I AM THE CO-FOUNDER AND

580
02:04:30.196 --> 02:04:41.540
EXECUTIVE DIRECTOR OF THE BOSTON POLICY INSTITUTE. UH, THERE ARE TWO MAJOR ISSUES THAT ARE COVERED IN THIS HEARING AND THAT NEED THEIR OWN STANDALONE BUDGET HEARINGS, REVENUE FORECASTS AND HEALTH CARE COSTS. BOSTON HAS BEEN HAVING A PUBLIC

581
02:04:41.540 --> 02:04:52.785
DEBATE ABOUT REVENUE FOR YEARS AND NOW IT NEEDS A STANDALONE BUDGET HEARING ON THE REVENUE FORECASTS IN FY 27, IN 2024 AND 2025, MAYOR WU AND HER SENIOR BUDGET OFFICIALS LOUDLY AND

582
02:04:52.785 --> 02:05:03.496
PUBLICLY REJECTED WARNINGS THAT FALLING OFFICE VALUES AND THE END OF BOSTON'S OFFICE BUILDING BOOM WOULD CAUSE A FISCAL CRISIS. BACK IN OCTOBER 2024, CHIEF ASSESSOR NICK MARINELLO AT A

583
02:05:03.496 --> 02:05:14.373
BOSTON CITY COUNCIL HEARING SAID QUOTE, THEY CREATED A BUDGET CRISIS OUT OF WHOLE CLOTH THAT WAS FICTION AS WE SEE NOW, BOSTON'S BUDGET CRISIS IS NOT A FICTION.

584
02:05:14.373 --> 02:05:26.118
UH, BOSTON LOST MORE THAN $4 BILLION IN ASSESSED VALUE FROM COMMERCIAL PROPERTIES IN FY 25 AND FY 26 AND CFO GRAPH AND BERGER'S MARCH 30TH LETTER DESCRIBING CITY HALL'S HALF

585
02:05:26.118 --> 02:05:35.861
OF THE $100 MILLION CURRENT YEAR DEFICIT. SHE REVEALED THAT BOSTON EXPECTED TO COLLECT $7.3 MILLION LESS IN PERMITS AND LICENSING THAN FORECAST IN THE FY 26 BUDGET.

586
02:05:35.861 --> 02:05:46.972
THE FY 27 BUDGET BOOK SHOWS REVENUE GROWING SLOWLY OR FALLING IN CATEGORY AFTER CATEGORY. THIS IS A MAJOR CHANGE FROM THE PRE-COVID STATUS QUO AND TO UNDERSTAND WHAT IS HAPPENING

587
02:05:46.972 --> 02:05:58.017
REQUIRES A STANDALONE HEARING WITH EITHER THE FINANCE DEPARTMENT OR ON REVENUE SPECIFICALLY THE OTHER MAJOR OPERATING BUDGET ISSUE THAT NEEDS A STANDALONE BUDGET HEARING IS HEALTH CARE SPENDING.

588
02:05:58.017 --> 02:06:10.329
BOSTON UNDERESTIMATED HEALTH INSURANCE COSTS IN FY 26, WHICH HELPED CREATE THE $100 MILLION CURRENT YEAR DEFICIT IN FY 27, HEALTH CARE COSTS HAVE BEEN A MOVING TARGET.

589
02:06:10.329 --> 02:06:22.207
ON MARCH 25TH, THE DAY THE SCHOOL COMMITTEE VOTED ON THE FY 27 BUDGET, THE HEALTH INSURANCE LINE ITEM WAS RAISED $14 MILLION BRINGING THE LINE ITEMS YEAR OVER YEAR INCREASE

590
02:06:22.207 --> 02:06:34.253
TO $49 MILLION. IT IS UNCLEAR HOW MUCH OF BOSTON'S TOTAL $98 MILLION INCREASE IN HEALTH INSURANCE SPENDING CAME FROM THIS LAST MINUTE ADDITION. ALL THIS RAISES A QUESTION WHAT

591
02:06:34.253 --> 02:06:45.631
IS HAPPENING WITH BOSTON'S HEALTH CARE SPENDING? UNFORTUNATELY, A HEARING TO ANSWER THAT QUESTION WITH YOU THAT THE PEOPLE OPERATIONS CABINET OR ON HEALTH CARE SPENDING SPECIFICALLY IS NOT CURRENTLY SCHEDULED BEYOND

592
02:06:45.631 --> 02:06:56.976
HEALTH CARE SPENDING. MAYOR WU'S FY 27 BUDGET LETTER DESCRIBES MAJOR HEALTH CARE POLICY DECISIONS. REMAIN IN EFFECT. IF I HAVE I HAVE SORRY ONE LINE UM AT THE PUBLIC EMPLOYEES COMMITTEE INCLUDING THE RECENT

593
02:06:56.976 --> 02:07:08.787
GLP ONE DEAL AND A NEW LABOR MANAGEMENT AGREEMENT, THE COUNCIL AND PUBLIC NEED MORE INFORMATION ABOUT BOTH OF THOSE . THANK YOU SO MUCH. OKAY. >> THANK YOU VERY MUCH. UH, DO WE HAVE ONE PERSON

594
02:07:08.787 --> 02:07:23.002
ONLINE? GOOD MORNING. UH, CAN YOU HEAR ME? YES I CAN UH, MR EDWIN, YOU GOT TWO MINUTES PLEASE.

595
02:07:23.002 --> 02:07:34.446
UM, SO, UH, COUNCILOR WEBER, THANK YOU FOR THIS OPPORTUNITY . I ACTUALLY HAVE A REMARK ABOUT REVENUE AS WELL. SO WE HAVE A I'M SORRY IT'S LORI RUDE ONE ROSLINDALE WE HAVE A PERFECT STORM IN

596
02:07:34.446 --> 02:07:45.858
ROSLINDALE OF INCREASING INDIRECT DISPLACEMENT OF OUR LONGSTANDING SMALL BUSINESSES. THIS APPEARS TO CORRELATE WITH OUR MORE RECENT NEW SQUARES AND STREET ZONING, BUT MORE

597
02:07:45.858 --> 02:07:56.035
DISPLACEMENT MEANS LESS REVENUES FOR THE CITY IN BUSINESS TAXES AND THE PAYROLL TAX AND EVERYTHING ELSE THAT BUSINESS OWNERS PAY TO THE CITY.

598
02:07:56.035 --> 02:08:08.113
AND SO I'D LIKE TO SEE THAT ACCOUNTING WITHIN THE BUDGET PROJECTIONS FOR NEXT YEAR. AND RELEVANT TO THAT BRIEFLY I WAS BREEZING THROUGH TOMORROW'S AGENDA AND I WANT TO COMMEND UM

599
02:08:08.113 --> 02:08:19.591
COUNCILOR FLYNN FOR SUBMITTING AGAIN A REQUEST TO TAKE A LOOK AT THE ARPA FUNDING. I'M NOT SURE HOW THAT FUNDING ADVANTAGED SMALL BUSINESS OWNERS IN ROSLINDALE AND ALSO JUST TO PLEASE TAKE A VERY HARD

600
02:08:19.591 --> 02:08:34.506
LOOK AT PARKING MINIMUM ORDINANCES BECAUSE WE WILL LOSE MORE BUSINESSES AND THAT'S UH, NOT A MYSTERY OR FANTASY. THANK YOU VERY MUCH FOR ACCEPTING MY TESTIMONY. OKAY. >> THANK YOU.

601
02:08:34.506 --> 02:08:44.783
OKAY. OKAY. UH, WE'RE GOING TO SECOND ROUND UM, SO WE'RE GOING TO DO THREE MINUTES UH, AND THEN IF THERE'S

602
02:08:44.783 --> 02:08:57.129
ANY FINAL QUESTIONS AFTER THAT. THAT'S OKAY. . >> WE'LL TALK ABOUT IT. UM SO THREE MINUTES, COUNCILOR FLYNN THANK YOU, MR CHAIR. UM, JIM, ANYTHING IN THE BUDGET ABOUT WHAT WE'RE DOING TO

603
02:08:57.129 --> 02:09:09.208
SUPPORT INITIATIVES AT MASS AND CASS? UM, WE CONTINUE TO HAVE, UM, WITHIN THE PUBLIC HEALTH COMMISSION, UH, RESOURCES THAT . NO, I KNOW, BUT WHAT'S IN THERE

604
02:09:09.208 --> 02:09:20.385
SPECIFICALLY THAT IS DEALING WITH SOME CASES THAT IN THE PUBLIC HEALTH. PUBLIC HEALTH THERE THERE IS UM, UH, SUPPORTIVE HOUSING ACTUALLY IT'S ALSO WITHIN THE MAYOR'S HOUSING BUDGET AS WELL

605
02:09:20.385 --> 02:09:31.563
. UM UH AND I KNOW. WITH THE MAYOR'S BUDGET THE HOUSING THEY DID CUT HOUSING WAS INTENDED THEY CUT $2 MILLION BACK FROM HOUSING. IT'S SORT OF A TEMPORARY PAUSE

606
02:09:31.563 --> 02:09:43.142
OF OF SOME FUNDING FOR SOME UH SOME PROGRAMS. SO NOTHING REALLY SPECIFIC. JUST GENERALLY SPEAKING THERE MIGHT BE SOME STUFF IN THERE. IS THAT RIGHT? YES. >> YEAH. NO, I MEAN WE CERTAINLY CAN FOLLOW UP WITH MORE DETAILS ON

607
02:09:43.142 --> 02:09:53.185
WHAT WHAT RESOURCES ARE INCLUDED IN THE 27. OKAY I DIDN'T NOTICE ANYTHING IN THERE ABOUT MASSIVE CHAOS. THAT'S AN ISSUE OF FOCUSED ON NOT JUST AS A CITY COUNCILOR FOR YEARS BUT AS A

608
02:09:53.185 --> 02:10:04.229
PROBATION OFFICER UM, WORKING WITH PEOPLE UM TRYING TO GET INTO RECOVERY BUT ALSO PROVIDING PUBLIC SAFETY SUPPORT FOR MY CONSTITUENTS IN THE

609
02:10:04.229 --> 02:10:16.675
SOUTH AND SOUTH BOSTON, OTHER AREAS, UM, IN THIS YEAR'S BUDGET BOOK, THE CITY WRITES THAT UH, THE CITY IS ON SCHEDULE THAT TARGETS REDUCING

610
02:10:16.675 --> 02:10:26.752
ITS PENSION LIABILITY AND WE TALKED ABOUT IT BY 2028. UH, THE 2028 GOAL WAS NO. AS RECENTLY AS FY 25 THE GOAL

611
02:10:26.752 --> 02:10:37.963
THE GOAL YEAR WAS 2027 STARTING LAST YEAR IN FY 26 THE CITY MOVED THE GOAL FORWARD A YEAR I GUESS TO 2028.

612
02:10:37.963 --> 02:10:50.342
UM WHY DID THAT TAKE PLACE? UH I DON'T I THE 2028 GOAL HAS FOR THE 2028 DATE HAS BEEN IN PLACE FOR AT LEAST THE LAST TWO YEARS. I CAN'T REMEMBER WHEN EXACTLY

613
02:10:50.342 --> 02:11:04.089
THEY MADE THE CHANGE FROM 27 TO 28 BUT IT'S BUT IT'S NOT NEW. IT'S BEEN IN PLACE FOR MULTIPLE YEARS. OKAY. >> UM, AT LAST WEEK'S HEARING UM, WASN'T THERE A CORRECTION

614
02:11:04.089 --> 02:11:16.501
TO MAYOR WOLF'S STATEMENT IN I GUESS YOU YOU MENTIONED IT UM, TO THE CFO UH, THAT THERE WERE 285 FULL TIME EMPLOYEES EQUIVALENT POSITIONS ELIMINATED

615
02:11:16.501 --> 02:11:28.580
IN THE FY 27 BUDGET. THE FY 27 BUDGET BOOK SAYS THAT ONLY 57 LONG TERM VACANT POSITIONS WERE ELIMINATED. CAN YOU TELL US HOW THAT ACCOUNTING FOR THE 285

616
02:11:28.580 --> 02:11:40.259
POSITIONS IS DIFFERENT FROM THE ACCOUNTING FOR THE 57 POSITIONS ? YES, THE 57 REPRESENTS THE DYNAMIC I WAS TALKING ABOUT WITH THE LONG TERM VACANCIES BEING REMOVED. SO WE REMOVED 57 LONG TERM

617
02:11:40.259 --> 02:11:50.736
VACANCIES. THE REMAINDER ARE THAT SALARY SAVINGS EQUIVALENT. SO WE HAVE SALARY SAVED EQUIVALENT TO UH THAT NUMBER OF POSITIONS WHICH IS I THINK

618
02:11:50.736 --> 02:12:03.882
IN TOTAL IN THE BUDGET 785 OKAY . UM IS THERE ANY PLANS FOR THE CITY TO WORK WITH STATE LEGISLATORS ON TRYING TO CHANGE OR ELIMINATE, UH, PROPOSITION

619
02:12:03.882 --> 02:12:17.362
TWO AND A HALF. UM, THERE'S NOT A SPECIFIC PROPOSAL THAT I'M AWARE OF. I KNOW THERE'S, UH, CONTINUED DISCUSSIONS IN PARTNERSHIP WITH THE MAY AROUND STATE AID. UM, SO AN INCREASED USE

620
02:12:17.362 --> 02:12:29.608
OF STATE AID. SO THERE ARE SOME DISCUSSIONS BUT NO SPECIFIC PROPOSALS. >> OKAY. OF ELIMINATING PROP TWO AND A HALF? NO, THERE'S NO SPECIFIC PROPOSAL. BUT THE CITY DOES WANT TO ELIMINATE PROP TWO AND A HALF THOUGH.

621
02:12:29.608 --> 02:12:40.886
IS THAT ACCURATE? NO OR THEY DON'T OKAY I THOUGHT THE MAYOR WAS ON RECORD IN SUPPORT OF UM GETTING GETTING RID OF PROP TWO AND. >> A HALF. I THINK THERE'S BEEN DISCUSSION ABOUT WAYS IN WHICH IT CAN BE

622
02:12:40.886 --> 02:12:54.633
UPDATED AND MODERNIZED BUT UH, THERE'S NO SPECIFIC PROPOSAL AROUND ELIMINATING IT ENTIRELY . OKAY. >> UH, MR CHAIR, COULD I COME BACK TO THE NEXT ROUND OR. YEAH. YEAH. OKAY. THANK YOU. JUST GET PEOPLE'S THOUGHTS, OKAY?

623
02:12:54.633 --> 02:13:06.812
COUNCILOR CULPEPPER. I THANK YOU, MR CHAIR. EARLIER WE TALKED A LITTLE BIT. ABOUT THE, UH, INTEREST INCOME BEING DOWN.

624
02:13:06.812 --> 02:13:19.958
FOR FISCAL 2820. WE'RE ASSUMING IT'S GOING TO BE DECREASED IN THIS UPCOMING FISCAL YEAR 27. BY 40 MILLION IF IT WAS 80 MILLION. AND I ASKED YOU.

625
02:13:19.958 --> 02:13:34.106
IF WE WOULD. EXTERNAL ADVISORS. >> IF WE USED AND YOU SAID THAT IT WAS THE TREASURY DEPARTMENT THAT DID THE. INVESTMENTS. >> LET ME JUST READ SOMETHING. TO YOU. >> BOSTON IS. ONE OF THE CITIES THAT USES EXTERNAL ADVISORS FOR CASH

626
02:13:34.106 --> 02:13:44.716
MANAGEMENT AND INVESTMENT FUNCTIONS AUTHORIZED BY THE CITY'S COLLECTIVE TREASURER TO MANAGE MUNICIPAL FUNDS. SO MY QUESTION EARLIER WHAT BECAUSE IT'S OBVIOUS THAT WE

627
02:13:44.716 --> 02:13:57.729
USE OUTSIDE EXTERNAL ADVISORS. MY QUESTION WAS WHAT WHO ARE THE OUTSIDE EXTERNAL ADVISORS THAT THE TREASURY DEPARTMENT USES TO MAKE THE DECISION ABOUT

628
02:13:57.729 --> 02:14:10.275
WHERE THE INVESTMENTS ARE MADE ? SO I'M NOT SURE WHAT YOU'RE READING SO I'D BE HAPPY TO LOOK AT THAT SPECIFICALLY. WE ALSO IT COULD BE IN REFERENCE TO UM THE TRUST FUNDS

629
02:14:10.275 --> 02:14:21.253
WE MANAGE. SO WE USE EXTERNAL INVESTMENT CONSULTANTS TO MEASURE OF TRUST FUNDS. AND I THINK IT'S WHAT THE GENERAL INVESTMENTS FROM WHAT I READ AND THAT WE UNDERSTAND THAT THE CITY TREASURER HAS

630
02:14:21.253 --> 02:14:32.330
AUTHORITY OVER THE GENERAL FUNDS AND THEY MAKE THOSE INVESTMENT DECISIONS BUT THEY USE OUTSIDE AS EXTERNAL ADVISORS TO GIVE THEM RECOMMENDATIONS ON THE INVESTMENTS.

631
02:14:32.330 --> 02:14:42.441
AND SO MY QUESTION WAS I WANTED TO LOOK AT WHO IS MAKING THE RECOMMENDATIONS TO THE CITY'S TREASURY DEPARTMENT ON THOSE

632
02:14:42.441 --> 02:14:52.784
INVESTMENTS BECAUSE I IT'S GOOD TO KNOW WHO'S ACTUALLY MAKING THE RECOMMENDATIONS BECAUSE THEY MAKE THE DECISIONS BASED ON THOSE RECOMMENDATIONS.

633
02:14:52.784 --> 02:15:05.530
AND IF WE'RE LOOKING AT $40 MILLION LOSING $40 MILLION, I WANT TO TRY AND FIGURE OUT HOW. >> DO WE KNOW. NOW THAT THE INVESTMENTS ARE GOING TO BE DOWN $40 MILLION

634
02:15:05.530 --> 02:15:16.475
LOOKING AT THE MARKET AND THE MARKET GOES DOWN AND UP SOMETIMES IT'S UP. SO I WANTED TO JUST SEE WHO WAS LOOKING AT WHO WAS MAKING THE RECOMMENDATIONS AND YOU MAY NOT

635
02:15:16.475 --> 02:15:28.153
KNOW NOW BUT I WOULD ASK THAT YOU GO TO THE TREASURY DEPARTMENT AND ASK THEM WHAT OUTSIDE ADVISORS, FINANCIAL ADVISORS MAKE A RECOMMENDATION TO THEM WITH REGARD TO OUR

636
02:15:28.153 --> 02:15:38.597
FINANCIAL INVESTMENTS? YES. THE OTHER THING I WANTED TO DO I WANTED TO RUN TO THE BECAUSE THEY ARE USING SOMEBODY ELSE. SO THEY LOOKED AT WHO'S IN THE DEPARTMENT I JUST WANT TO KNOW WHO AND THEN WE CAN TALK MORE

637
02:15:38.597 --> 02:15:50.342
ABOUT IT ONCE WE FIND OUT WHO. THE OTHER THING I WANT TO TALK ABOUT WE TALKED ABOUT BLACK MALE ADVANCEMENT ON FEBRUARY 11TH WE GOT A COMMUNICATION AND I'M ASSUMING THIS CAME FROM UH

638
02:15:50.342 --> 02:16:00.986
,THE MAYOR'S OFFICE COMMUNICATION WAS RECEIVED FROM THE OFFICE OF BLACK MALE ADVANCEMENT OF A POINT IN TIME BLACK MALE ADVANCEMENT IMPACT REPORT 2025.

639
02:16:00.986 --> 02:16:11.897
WHEN I LOOKED AT THE REPORT, THE RECOMMENDATION AND THE REPORT WAS UH, TO KEEP UH, THE BLACK MALE ADVANCEMENT LEVEL FUNDED. I'M LOOKING AT HOW THEY WERE CUT.

640
02:16:11.897 --> 02:16:25.477
THEY WERE CUT $500,000. MY QUESTION IS HOW DO THOSE RECOMMENDATIONS GET MADE AND WHO MAKES THOSE RECOMMENDATIONS EVEN BEFORE IT GETS TO THE MAYOR?

641
02:16:25.477 --> 02:16:38.623
ON ON REDUCTIONS IN DEPARTMENTS BUDGETS. >> YEAH LET'S SAY FOR BECAUSE I'M LOOKING AT IT AS MY BROTHER'S KEEPER. WELL SOME FUND B MAY HAVE OVERSIGHT AND THESE ARE OVERSIGHT OF FUNDS THAT ARE WITHIN THE BOSTON PUBLIC

642
02:16:38.623 --> 02:16:50.802
SCHOOLS. AND SO MY QUESTION IS WHO MAKES THE DECISION HOW DOES THIS DECISION GET MADE. IS IT I MEAN ARE YOU MAKING THESE DECISION OR DO YOU HAVE A

643
02:16:50.802 --> 02:17:02.080
TEAM THAT MAKES THE DECISIONS TO YOU OR. HOW DOES THAT HAPPEN? SO UH IN UH CASE IN EXAMPLE THERE ARE THERE ARE CERTAIN UH PROJECTS.

644
02:17:02.080 --> 02:17:13.558
SO THERE WAS UH UH AN EQUITY STUDY WHICH I THINK THEY'RE JUST ABOUT TO RELEASE. JIM, CAN YOU ANSWER MY QUESTION ABOUT HOW THOSE DECISIONS ARE MADE? SO WHO DO SO YOU GET

645
02:17:13.558 --> 02:17:25.370
RECOMMENDATIONS FROM WHO ABOUT WHAT TO CUT. WHO DO. >> YOU GET. >> RECOMMENDATIONS WE GET UH WE WE ASKED DEPARTMENTS TO OFFER UP UH, OPPORTUNITIES TO TO REDUCE THE BUDGET SO. AND SO BLACK MALE ADVANCEMENT

646
02:17:25.370 --> 02:17:38.049
OFFERED UP $500,000 TO REDUCE THEM EVEN THOUGH IN THEIR REPORT THEY ASKED TO KEEP IT LEVEL FUNDED. UH, I THINK ONE OF THE REDUCTIONS WAS JUST UH IT WAS A WORKFLOW THING WITH THE

647
02:17:38.049 --> 02:17:48.660
COMPLETION OF THE EQUITY STUDY. SO THAT REPRESENTED LIKE $125,000 OF THAT WAS ACTUALLY UH TO THE POINT OH AND UM, MY BROTHER'S KEEPER THAT WAS ACTUALLY TRANSFERRED THE RESOURCES INTO THE DEPARTMENT.

648
02:17:48.660 --> 02:18:00.372
SO THAT WAS UH A MULTI-YEAR CONVERSATION THAT OUR DMA HAD WITH THE BOSTON PUBLIC SCHOOLS ,RIGHT TO SAY THAT, YOU KNOW, THE RESOURCES WERE BETTER PLACED IN IN BMR, UH, AS THE PRIMARY POINT OF CONTACT ON THE

649
02:18:00.372 --> 02:18:13.518
PROGRAM. SO THAT ACTUALLY WAS A POSITIVE MOVE INTO. >> THE HOW MUCH WAS THAT. I BELIEVE WAS IN THE $200,000 RANGE AND. >> WILL THAT CONTINUE YEAR AFTER YEAR? YES. AND TO GO BACK TO MY INITIAL

650
02:18:13.518 --> 02:18:24.763
QUESTION HOW ARE THESE DECISIONS MADE? WHO'S MAKING THE RECOMMENDATIONS TO YOU AND THEN WHO DO YOU TALK TO BEFORE YOU MAKE A DECISION TO MAKE SURE THIS IS SOMETHING THAT SHOULD

651
02:18:24.763 --> 02:18:37.008
HAPPEN AND I'M NOT EVEN INCLUDING THE MAYOR UH I'M SAYING LET'S HOW DOES THAT HAPPEN UP TO THE POINT WHERE IT GETS TO THE MAYOR THE DECISION MAKING PROCESS. YEAH. >> I MEAN JIM HAS A TEAM OF HOW MANY ANALYSTS THAT ARE ASSIGNED

652
02:18:37.008 --> 02:18:49.287
UH, PORTFOLIO OF DEPARTMENTS. SO THERE'S A LOT OF BACK AND FORTH THAT'S GOING ON BETWEEN ANALYSTS AND DEPARTMENTS TO UNDERSTAND WHAT'S THE IMPACT OF THIS, WHAT WOULD YOU RECOMMEND? YOU KNOW, BACK AND FORTH THOSE RECOMMENDATIONS GET PRESENTED TO JIM AND HIS SENIOR

653
02:18:49.287 --> 02:19:00.398
LEADERSHIP TEAM. UH, THEY GET BROUGHT UP TO ME, WE BRING THEM UP TO THE MAYOR. SO THERE'S A KIND OF A SERIES OF BACK YOU KNOW, I GIVE FEEDBACK, THEY GO BACK RIGHT. THERE'S A MULTI-MONTH PROCESS OF OF CONVERSATIONS THAT ARE

654
02:19:00.398 --> 02:19:12.877
HAPPENING ACROSS THOSE FOUR LEVELS BEFORE IT'S EVEN GETTING TO THE MAYOR. >> BUT WHO'S MAKING THE DECISION? I UNDERSTAND THE DISCUSSION BUT WHO'S MAKING THE DECISIONS? SO YOUR ANALYSTS ARE TALKING WITH THE DEPARTMENT AND MR CHAIR, I'M JUST SAYING.

655
02:19:12.877 --> 02:19:23.922
>> YOU KNOW, I UNDERSTAND UNTIL YOU'RE CLEAR ON THIS. YEAH I'M. JUST TRYING TO GET IT CLEAR. SO ANALYSTS ARE GOING BACK AND FORTH WITH DEPARTMENT HEADS RIGHT ABOUT WHAT SHOULD BE CUT

656
02:19:23.922 --> 02:19:36.301
AND LET'S SAY BLACK MALE ADVANCEMENT SAID LIKE THEY DID IN THE REPORT EVERYTHING SHOULD BE LEVEL FUNDED RIGHT. SO WHO MAKES THE DECISION TO CUT $500,000?

657
02:19:36.301 --> 02:19:47.946
DID THE ANALYSTS MAKE A RECOMMENDATION TO YOU AFTER TALKING WITH THE DIRECTOR OF BLACK MALE ADVANCEMENT AND THE ANALYST BLACK MALE ADVANCEMENT, I SAID LET'S KEEP THE LEVEL OF FUNDING.

658
02:19:47.946 --> 02:19:58.423
THAT'S WHAT'S IN THE REPORT RIGHT HERE FOR FISCAL YEAR 20. THEY SAID LET'S KEEP IT FUNDED RIGHT THERE. TALKING TO THE ANALYSTS ANALYST HAS WHAT THEY ASKED THEM TO DO WHAT DO THE ANALYSTS DO NEXT

659
02:19:58.423 --> 02:20:08.299
AND WHO DO THEY GO TO? THEY'LL BRING IT TO SOME COMBINATION OF JIM OR HIS SENIOR LEADERSHIP TEAM WITH YOU KNOW AGAIN I'M JUST SPEAKING VERY GENERAL THE DEPARTMENT.

660
02:20:08.299 --> 02:20:19.911
JIM NO NO FROM YOU THAT'S EXACTLY THE CASE I'M SORRY I JUST WANT TO HEAR FOR IT. IT'S A VERY COLLABORATIVE PROCESS WITH THE DEPARTMENT. UH, AND THERE'S THERE'S LOTS OF I MEAN, IN ADDITION TO THE

661
02:20:19.911 --> 02:20:32.991
DEPARTMENT HEADS THERE'S A CABINET CHIEF THAT'S INVOLVED. RIGHT. >> WHAT POINT DOES THE CABINET CHIEF MAKE THE RECOMMENDATION TO THE ANALYSTS OR TO YOU? I THINK THAT. THAT'S PART OF THE BUDGET

662
02:20:32.991 --> 02:20:43.802
CONVERSATION THAT LIKE SO UM, WE DID WE DID APPRECIATE IT WHEN DEPARTMENTS OFFERED UP BECAUSE YOU KNOW, THEY ARE THE SUBJECT MATTER EXPERTS. SO IF THERE IS A UH AN EFFICIENCY OR SOME SORT OF SAVINGS IDENTIFIED, WE'RE

663
02:20:43.802 --> 02:20:55.580
GOING TO WE'RE GOING TO REALLY HAVE A LOT OF TRUST ON THAT RECOMMENDATION FROM THE DEPARTMENT. UM, BUT UH, IT WILL ALSO BE UM THAT UH THE DEPARTMENT HEADS WILL PULL IT UP THROUGH A

664
02:20:55.580 --> 02:21:06.024
TABLET. CHIEF, IS THAT LEVEL OF COORDINATION AS WELL? UH, BUT IT GOES IT ALSO IS PRESENTED TO TEAMS TO THE MAYOR. BUT YOU KNOW, I GUESS YOU KNOW ,TO TO BORROW SORT OF LIKE THE

665
02:21:06.024 --> 02:21:17.902
HARRY TRUMAN, UH, PHILOSOPHY THAT LIKE THE MAYOR IT'S THE MAYOR'S RECOMMENDED BUDGET AT THE END OF THE DAY. NINE TO SAY I'M NOT I DIDN'T WANT TO BRING THE MAYOR INTO THIS. I WAS TRYING TO GET TO HOW IT HAPPENED BEFORE THE MAYOR.

666
02:21:17.902 --> 02:21:29.514
SO THE ANALYSTS ARE TALKING WITH THE DEPARTMENT HEAD, RIGHT . THE DEPARTMENT SAYS WE WANT TO KEEP IT LEVEL FUNDED TO THE ANALYSTS, THE ANALYST AND GOES TO WHO.

667
02:21:29.514 --> 02:21:41.125
TO TO ME AND THE. SENIOR STAFF. TO YOU AND. >> YOU. SAY AND THE ANALYSTS SAID BMA SAID THEY WANT TO KEEP IT LEVEL FUNDED RIGHT. THAT WOULD BE GOOD. YEAH BUT THE ANALYSTS SAID

668
02:21:41.125 --> 02:21:53.471
LET'S CUT IT $500,000 RIGHT. HOW HOW DID THAT DECISION GET MADE IT THE WRONG THING WAS IT WENT IT WENT FROM TWO POINT IT

669
02:21:53.471 --> 02:22:08.119
WENT FROM 2.6 TO IT WENT FROM 2.1 TO 1.6. SO I'M TRYING TO JUST GET TO HOW THIS HAPPENS RIGHT TO THE DEPARTMENT HEAD IS SAYING RIGHT LET'S KEEP IT LEVEL FUNDED RIGHT.

670
02:22:08.119 --> 02:22:20.298
YOU'VE GOT ANALYSTS THAT TALK TO THE DEPARTMENT HEAD. SO THE ANALYST NOW IS SAYING THE DEPARTMENT HEAD SAID LET'S KEEP IT LEVEL FUNDED RIGHT. UM THEN THEY REPORT TO YOU I'M TRYING TO GET TO WHO SAID LET'S

671
02:22:20.298 --> 02:22:34.279
CUT IT $500,000? YEAH. >> I THINK PART OF IT WAS RELATED TO THE COMMUNITY BASED GRANT MAKING. SO THERE'S SORT OF IT WAS A MORE OF A BROADER SORT OF POLICY DECISION. UM, JIM, HERE'S A QUESTION.

672
02:22:34.279 --> 02:22:45.723
YEAH. WHO SAID LET'S CUT $500,000 AND WHY I'M TRYING TO GET TWO RIGHT. HOW DOES THE THINKING THAT GOES INTO THIS? AND THEN THE QUESTION IS THE

673
02:22:45.723 --> 02:22:57.502
ANALYSTS SAID LET'S CUT $500,000 RIGHT. WHY DID THE ANALYSTS SAY LET'S CUT $500,000 IF YOU KNOW IF YOU. DON'T YOU KNOW, I DON'T KNOW THAT THAT WAS THE CASE IN IN

674
02:22:57.502 --> 02:23:08.112
THE CASE OF THE AMA IT MIGHT HAVE BEEN. WELL SOMEBODY BUT YOU SEE THE COUNSELOR. OKAY SORRY I'M JUST. GOING TO THE REPORT AND THE COMMUNICATION THAT CAME TO THE COUNCIL RIGHT.

675
02:23:08.112 --> 02:23:23.227
IT SAID THAT'S ALL. YEAH WE WILL HAVE A HEARING. HERE THE. YOU KNOW THIS. >> AT ANOTHER TIME. UH AND JIM WE CAN TALK ABOUT THAT. ABSOLUTELY. >> YEAH. >> AND WE'LL CERTAINLY WE CAN WORK TOGETHER TO GET GET YOU THE ANSWERS UH, IN A BRIEFING.

676
02:23:23.227 --> 02:23:33.204
OKAY. YEAH. YEAH, IT DESERVES THE 100 DAY SPECIAL. UH, WE'VE WE'RE NOW IN 101 DAYS OF THAT, BUT, UH, OKAY. UH, COUNSELOR. WELL.

677
02:23:33.204 --> 02:23:47.785
UH, THANK YOU CHAIR. THE BUDGET. RECOMMENDATIONS THAT COME FROM THE DEPARTMENT IS THAT A. FORM OR HOW. >> IS THAT COMMUNICATED? UH, IT'S TYPICALLY LIKE A MEMO

678
02:23:47.785 --> 02:23:59.330
OR SOMETHING LIKE THAT, BUT IT'S IT'S IT IS IT'S ITERATIVE . THERE'S A LOT OF COMMUNICATION . UM, WE OFTEN, UH, FOLLOW UP WITH ADDITIONAL QUESTIONS. UM, YOU KNOW, OFTENTIMES, YOU

679
02:23:59.330 --> 02:24:13.911
KNOW, UH, THESE ARE BUSY FOLKS AND WE KNOW THAT SOMETIMES RUNNING UP ON A DEADLINE THEY THEY SUBMIT A BUDGET AND I. >> ONLY HAVE THREE MINUTES. JIM. SORRY. >> OKAY. >> UM, CAN WE GET A COPY OF THE MEMOS THAT EACH DEPARTMENT SUBMITTED?

680
02:24:13.911 --> 02:24:28.026
I BELIEVE COUNCILOR MURPHY ASKED FOR THIS BEFORE. UM. >> I THINK THAT'S PART OF THE RFI. THE PART OF THE OFFER I THINK. I THINK WE DID ASK FOR THAT IN THE RFI. OKAY. >> THE MEMOS FROM EACH DEPARTMENT ON THEIR BUDGET RECOMMENDATIONS. PERFECT. >> I'M NOT SURE WHETHER WE'RE

681
02:24:28.026 --> 02:24:42.507
GOING TO GET IT BUT UH, WE HAVE ASKED FOR IT. ALL RIGHT. >> BECAUSE I. THINK WELL I. >> MEAN THIS IS NOW COUNCIL WEBBER'S QUESTION. IS OPEN I GET IT. I'M BACK. UM. >> UM SORRY. YEAH. AND THEN GOING BACK TO THE ONE

682
02:24:42.507 --> 02:24:53.117
OF THE LAST QUESTIONS ASKED IN MY FIRST ROUND WHAT WAS THE CHANGE IN THE IN THE DEBT REPAYMENT POLICY? I KNOW YOU SAID THAT WE'RE A LITTLE BIT MORE FLEXIBLE IN THE

683
02:24:53.117 --> 02:25:05.329
COST SAVINGS AROUND THAT. UM, AND THEN ON TOP OF THAT WAS THERE ANY OTHER UM WHAT WAS ALSO EXPLORED. >> LIKE. WHETHER YOU CHANGED IT. FOR A COUPLE OF MONTHS. WHERE YOU KNOW, SEVEN MORE MONTHS EXPLORED.

684
02:25:05.329 --> 02:25:16.407
AND THE COST. SAVINGS AROUND. THAT AND IF YOU DON'T HAVE IT NOW I'M HAPPY. I DO. OKAY. YEAH. SO THE UH, POLICY PREVIOUSLY UH

685
02:25:16.407 --> 02:25:27.852
,STIPULATED THAT 35 TO 40% OF DEBT WOULD BE RETIRED WITHIN FIVE YEARS AND 65 TO 70% OF THAT WOULD BE RETIRED WITHIN FIVE YEARS. UH, THE UPDATED POLICY SAYS

686
02:25:27.852 --> 02:25:39.997
THAT NO LESS THAN 30% OF DEBT IS RETIRED WITHIN FIVE YEARS AND NO LESS THAN 55% OF DEBT IS RETIRED WITHIN TEN YEARS. SO IT JUST GIVES US A LITTLE BIT OF FLEXIBILITY. UM.

687
02:25:39.997 --> 02:25:50.374
I'M SORRY FOR THE ORIGINAL POLICY. I THINK YOU SAID FIVE YEARS TWICE. UH OH SORRY 65 TO 70% WITHIN TEN YEARS. OKAY. YEAH. UM SO IT JUST GIVES US A LITTLE

688
02:25:50.374 --> 02:26:02.754
BIT OF FLEXIBILITY UM, ON THAT REPAYMENT ON THAT PRINCIPAL REPAYMENT. WHAT WOULD THAT SAVE US IS. THAT IT DOESN'T REALLY SAVE YOU MONEY OVER THE TERM. IT ACTUALLY WILL END UP COSTING US MORE IT JUST RIGHT BECAUSE

689
02:26:02.754 --> 02:26:14.098
YOU'RE YOU'RE PAYING IT DOWN OVER A LONGER PERIOD OF TIME. RIGHT IN THE FIRST IN THE NEXT YEAR. SO THIS IS FOR FUTURE ISSUANCES . SO UM THE KIND OF SAVE AGAIN THE SAVINGS THAT WE'RE SEEING

690
02:26:14.098 --> 02:26:27.011
IN THIS UH RECOMMENDED BUDGET ARE MORE ASSOCIATED WITH REFUNDING MAKES. >> SENSE FOR FUTURE. UM. YEAH I KNOW I KNOW WE UM

691
02:26:27.011 --> 02:26:39.257
PROJECT REVENUE UM, IN A CONSERVATIVE WAY AND I JUST HAVE A FEW QUESTIONS AROUND THAT. UM, AND I HEARD MY BUDGET. >> BUT I KNOW I GOT LIKE TWO MORE MINUTES.

692
02:26:39.257 --> 02:26:51.102
ALL OTHER QUESTIONS HAVE TO BE ASKED BY CULPEPPER. UH, NO. UH, YEAH. FEEL FREE TO. UM, ON INTEREST INCOME. I KNOW WE'RE CUTTING IT IN HALF, SO I'M ASSUMING THAT WE'RE, YOU KNOW, PROJECTING

693
02:26:51.102 --> 02:27:03.047
THAT INTEREST RATE WOULD BE LOWER. UM, WOULDN'T THAT THEN SAY LIKE NEW GROWTH AND BUILDING PERMITS WOULD THEN INCREASE LIKE THEY WORK IN OPPOSITE DIRECTIONS.

694
02:27:03.047 --> 02:27:15.560
IN THE. PAST THERE'S A BIT OF A LAG WHEN WHEN. UM DEVELOPMENT THAT HAPPENS OUT IN IN THE CITY REFLECTS ITSELF IN AS NEW GROWTH. SO UH.

695
02:27:15.560 --> 02:27:26.571
I THINK. SO BUILDING PERMITS ARE LIKE AN EARLY INDICATOR OF ECONOMIC ACTIVITY. SO YOU HAVE. UH BUILDING PERMITS AND THEN YOU HAVE OCCUPANCY PERMITS WHICH ARE LIKE IF PEOPLE ARE

696
02:27:26.571 --> 02:27:41.719
RENTING FOR SCAFFOLDING AND CRANES AND SO LIKE OH IF PEOPLE ARE DOING LESS. >> OF THAT. IT MUST. BE BUILDING GOING ON. GOT IT. >> UM AND THEN SO WE'VE JUST BEEN WATCHER WATCHING THAT UH WE'RE GETTING CLOSER TO OUR OUR

697
02:27:41.719 --> 02:27:53.397
BUDGET AND ON NEW GROWTH AND ACTUAL NEW GROWTH IN SOME OF IT IS IS THE HISTORIC INTEREST RATE, UH, ENVIRONMENT. SO YOU KNOW, BUSINESS FOLKS ARE RISK AVERSE SO THEY'RE THERE BECAUSE IT'S THAT THEY WOULD

698
02:27:53.397 --> 02:28:04.408
LOSE MONEY IF THEY WEREN'T SO THAT THEY ARE AWAITING TO UH, IN IN SOME OF THIS GEOPOLITICAL STUFF INTERFERES WITH WITH PROBABLY DO I WANT TO PULL THE TRIGGER ON SOMETHING RIGHT NOW

699
02:28:04.408 --> 02:28:16.220
WHEN I'M YOU KNOW, I LIKE IN UH MONETARY POLICY YOU KNOW, THAT IS THE TOOL IN THE TOOLBOX FOR THE FED TO TO STIMULATE THE ECONOMY JUST TO LOWER RATES. SO IF WE EVER TURNED INTO A RECESSION EVERY PERIOD THAT

700
02:28:16.220 --> 02:28:28.466
THAT'S WHERE UM, UH, THE FEDERAL RESERVE WOULD GO TO TRY TO STIMULATE THE ECONOMY IT WOULD BE BY CUTTING RATES. SO AS YOU CAN SEE THERE WAS ALMOST ZERO IN IN UH 2021, YOU

701
02:28:28.466 --> 02:28:39.543
KNOW, WE MADE $4 MILLION IN INTEREST ON THE INVESTMENT BECAUSE IT'S JUST THAT THAT WAS THAT'S YOU KNOW THAT WAS THE RATE ENVIRONMENT. IT WAS ZERO RIGHT. AND I KNOW WE'RE NOT DOWN IN

702
02:28:39.543 --> 02:28:52.156
BUILDING PERMIT AND WE'RE NOT OFF THE $43 MILLION PROJECTED IN FY 26. UM AND THEN WITH THE ARE WE GETTING A THIRD ROUND? UH YEAH WE'LL WE'LL DO A QUICK

703
02:28:52.156 --> 02:29:06.570
THIRD ROUND BUT UH, IF YOU. IF THERE'S SOMETHING RELATED TO THAT. >> OKAY. UM WHICH. WE DO HAVE AN AFTERNOON HEARING. YEAH I MEAN EVERYBODY'S CAPITAL I KNOW. YEAH BUT I'LL I'LL GO AWAY FROM. MY THIRD ROUND. OKAY?

704
02:29:06.570 --> 02:29:17.281
>> OKAY. UM I GUESS, UH, YOU KNOW, JUST I HAVE A COUPLE QUESTIONS. UM, BUT, UH, SO I THINK WE HEARD FROM THE BOSTON POLICY

705
02:29:17.281 --> 02:29:29.160
INSTITUTE, YOU KNOW, ABOUT A DECREASE IN COMMERCIAL VALUES AND WE'VE TALKED ABOUT SORT OF PRESSURES AND YOU KNOW, WHAT WE'RE DEALING WITH AND WHY WE'RE SEEING DEFICITS AND WHAT

706
02:29:29.160 --> 02:29:38.602
WE'RE LOOKING AT FOR NEXT YEAR. I MEAN YEAH, ABSENT I THINK FROM YOUR COMMENTS WAS THE THE DECLINE IN COMMERCIAL REAL ESTATE VALUES?

707
02:29:38.602 --> 02:29:50.815
I MEAN HOW DOES THAT UH THAT REALITY YOU KNOW, IMPACT OUR THE OUR OPERATING BUDGET UM, AND OUR YOU KNOW, PROJECTIONS FOR NEXT YEAR IN TERMS OF. YOU KNOW.

708
02:29:50.815 --> 02:30:03.227
OVERSPENDING ON EMPLOYEES AND THINGS LIKE THAT. YEAH. >> UM SO THE GREAT THING ABOUT OUR PROPERTY TAX SYSTEM IS IT IS SORT OF AGNOSTIC OF VALUE. RIGHT. UM, SO THE FACT THAT PROPERTY COMMERCIAL PROPERTY TAXES ARE

709
02:30:03.227 --> 02:30:12.703
GOING DOWN DOES NOT IMPACT THE AMOUNT OF REVENUE WE TAKE IN. SO OUR ASSUMPTIONS MAKE NO PROJECTIONS FOR OVERALL VALUE CHANGE AND IT JUST ASSUMES THAT WE WILL CONTINUE TO GENERATE

710
02:30:12.703 --> 02:30:26.717
THE MAXIMUM UM UP TO THE LEVY. OKAY. >> UH IT IS IT IS THERE ANY WAY I KNOW THERE IS A LEVY IN TERMS OF OUR TAX LEVY IT'S LIKE 2.5% OF ALL THE VALUE OF EVERYTHING.

711
02:30:26.717 --> 02:30:37.561
SO BECAUSE THE COMMERCIAL VALUES ARE GOING DOWN OR WE YOU KNOW WHAT ABOUT THAT UH. LEVY I FEELING I KNOW THE CEILING I KNOW WE HAVEN'T REALLY TALKED ABOUT IT. I THINK WE'RE LIKE 1.5% OF THAT RIGHT?

712
02:30:37.561 --> 02:30:53.511
WE'VE NEVER REALLY BEEN CLOSE. BUT IS THAT A DANGER? IT'S NOT. >> WE WOULD HAVE TO LOSE $88 BILLION WORTH OF VALUE FOR IT TO BE A PROBLEM. OKAY. >> UM UH OKAY. AND THEN SO IN TERMS OF THE

713
02:30:53.511 --> 02:31:06.057
PROJECTED REVENUE LIKE I THOUGHT THERE WOULD BE A REVENUE BUMP IN JUNE AT LEAST FOR THE WORLD CUP. I MEAN, UH, BUT I DIDN'T SEE THAT. HAVE YOU HOW ARE YOU MAKING

714
02:31:06.057 --> 02:31:15.066
PROJECTIONS ABOUT THE WORLD? IS THAT INCLUDED IN YOUR MATH? UM, SO IT'S NOT BECAUSE JUNE IS, UH, THE LAST MONTH OF FISCAL 26.

715
02:31:15.066 --> 02:31:27.478
SO, UM, IF WE SEE A BUMP IN, UH ,EXCISE ACTIVITY FROM THE WORLD CUP, WE'LL SEE THAT REFLECTED IN OUR REVENUES FOR 26, WHICH WOULD BE GREAT BECAUSE THAT WILL HELP US, UM, OFFSET SOME OF THE SNOW AND

716
02:31:27.478 --> 02:31:38.022
PUBLIC SAFETY CHALLENGES WE ARE FORECASTING. UM, AND THEN THERE'S A LITTLE BIT OF TAIL ACTIVITY UM, FOR WORLD CUP AND TALL SHIPS AND

717
02:31:38.022 --> 02:31:48.632
TWO 50TH IN JULY. UM BUT IT IS PRETTY MODEST SO I THINK WE DO YOU KNOW, WE'RE NOT ASSUMING ANYTHING EXTRAORDINARILY OVER AND ABOVE

718
02:31:48.632 --> 02:32:03.247
OUR TYPICAL EXCISE ASSUMPTIONS FOR SPRING UH FOR SUMMER MONTHS ASSOCIATED WITH THOSE EVENTS. UM AND TO THE EXTENT THAT THAT HAPPENS THAT COULD HELP US OFFSET COSTS ASSOCIATED WITH HOSTING THEM. OKAY. >> BUT WE WE DO EXPECT AT LEAST

719
02:32:03.247 --> 02:32:16.127
ON THE REVENUE SIDE MAYBE IN THE END IT JUST WE YOU. >> KNOW. UM IT BALANCES OUT BECAUSE OF THE INCREASE IN OVERTIME COSTS BUT WE. >> ARE. PROJECTING SOME SORT OF REVENUE INCREASE OVER THE NORMAL.

720
02:32:16.127 --> 02:32:28.205
THERE'S THERE'S BEEN SOME PROJECTIONS FOR INCREASED EXCISE REVENUE UH, AS A RESULT OF THE WORLD CUP BEING HOSTED IT WAS RELATIVELY MODEST. UM IT WAS DONE BY EXCUSE ME, AN

721
02:32:28.205 --> 02:32:40.317
EXTERNAL GROUP, UM, THAT PROJECTED THAT WE COULD SEE AN ADDITIONAL I THINK $9 MILLION OF REVENUE ASSOCIATED WITH HOSTING. UM, BUT WE HAVE NOT DONE OUR OWN INTERNAL UPDATE OF THAT

722
02:32:40.317 --> 02:32:51.929
NUMBER. UM, OKAY. THANKS. SO I FOR I WANT TO THANK EVERYONE FOR STICKING AROUND. I'LL JUST I'LL GIVE YOU THREE MINUTES EACH AND THEN UH WE'RE GOING TO LET PEOPLE SORT

723
02:32:51.929 --> 02:33:04.108
OF GATHER THEMSELVES FOR THIS AFTERNOON'S. COUNCILOR FLYNN AND THANK THANK YOU, MR CHAIR. UM, I JUST WANTED TO HIGHLIGHT A COUPLE OF ISSUES AND AND JIM,

724
02:33:04.108 --> 02:33:15.753
I KNOW I ASKED YOU WHAT SPECIFICALLY IN THE BUDGET IS THERE FOR MASS AND CHAOS, BUT MR CHAIR THROW YOU COULD I, UM, HAVE A QUESTION ANSWERED?

725
02:33:15.753 --> 02:33:28.365
UH, WHAT SPECIFICALLY IS IN THE BUDGET FOR MASS AND CHAOS? YEAH. OKAY. UM, MY SECOND POINT I DID WANT TO MAKE IS UM I AM CONCERNED

726
02:33:28.365 --> 02:33:40.244
ABOUT THE MAIN STREET PROGRAM, SOME OF THE MISAPPROPRIATION OF FUNDS I'VE I'VE HEARD ABOUT I'VE BEEN TRYING TO I'VE BEEN TRYING TO GET MORE INFORMATION ON THIS.

727
02:33:40.244 --> 02:33:53.257
UM, ARE YOU AWARE OF ANY MISAPPROPRIATION OF FUNDS AT MAIN STREET? IS THAT QUESTION FOR ME OR FOR JIM EITHER. UM, THERE WAS THAT ONE UH, ALLEGATION THAT CAME OUT A

728
02:33:53.257 --> 02:34:05.869
COUPLE OF MONTHS AGO WHICH I BELIEVE IS STILL KIND OF AN ACTIVE INVESTIGATION BUT BEYOND THAT, NO. WAS THAT AN ISOLATED INCIDENT. FROM WHAT WE UNDERSTAND? YES. OKAY. >> DO WE KNOW IF IF IF THAT

729
02:34:05.869 --> 02:34:18.215
INCIDENT IS BEING INVESTIGATED BY STATE OR FEDERAL OFFICIALS? UM I KNOW THAT THERE'S SOME ONGOING INVESTIGATION ASSOCIATED WITH IT. I'M NOT SURE BY WHO.

730
02:34:18.215 --> 02:34:30.728
OKAY. >> UM I DO THINK IT'S QUITE CRITICAL THAT WE ACCOUNT FOR EVERY DOLLAR WE SPEND AND RECEIVE DEMONSTRATE FISCAL DISCIPLINE AND ACCOUNTABILITY.

731
02:34:30.728 --> 02:34:42.206
UM, I THINK THAT'S IMPORTANT AND THAT'S WHY I'M FOCUSED ON THAT. AND I WANT US TO I WANT US TO ENSURE THAT WE'RE IN COMPLIANCE WITH CITY, STATE AND FEDERAL

732
02:34:42.206 --> 02:34:53.350
GUIDELINES. I DON'T WANT US TO DOWNPLAY AN INCIDENT WHERE FEDERAL FUNDS ARE MISAPPROPRIATED.

733
02:34:53.350 --> 02:35:06.897
UM, LET ME LET ME GO TO A A QUESTION THE CHAIR OF THE BOSTON SCHOOL COMMITTEE, WELL-RESPECTED JERRY ROBINSON, MENTIONED THAT WE SHOULD HAVE AN AUDIT OF BOSTON PUBLIC

734
02:35:06.897 --> 02:35:17.007
SCHOOLS. UM, IS SHE CORRECT? SHE SAID THIS TWO WEEKS AGO RIGHT BEFORE SHE WAS ABOUT TO VOTE ON THE SCHOOL BUDGET AND YOU COULD YOU COULD TELL SHE ALMOST WANTED TO VOTE AGAINST

735
02:35:17.007 --> 02:35:28.786
THE BUDGET, BUT SHE SAID SHE ALMOST NEEDED MORE INFORMATION TO MAKE A BETTER DECISION. SHE REQUESTED AN AUDIT. IS SHE RIGHT TO REQUEST AN AUDIT? THE BOSTON PUBLIC SCHOOLS ARE PART OF OUR ANNUAL FINANCIAL AUDIT.

736
02:35:28.786 --> 02:35:39.797
RIGHT. UM, WHETHER OR NOT THE SCHOOLS SHOULD RECEIVE A AUDIT BEYOND THAT I YOU KNOW, THAT'S NOT SORT OF UNDER JIM AND MY. IT'S NOT UNDER WHAT.

737
02:35:39.797 --> 02:35:56.480
I WOULD SAY IT'S NOT REALLY UNDER OUR SCOPE TO COMMENT ON WHETHER OR NOT THEY NEED A PERFORMANCE AUDIT. OKAY. >> WHO'S WHOSE SCOPE WOULD THAT BE? I WOULD DEFER PROBABLY TO THE BOSTON PUBLIC SCHOOLS. OKAY. >> UM MY MY FINAL QUESTION IS.

738
02:35:56.480 --> 02:36:07.524
UM, WELL, OUT OF RESPECT FOR MY COLLEGE CHAIR, I'LL STOP THERE. OKAY. THANK YOU, COUNCILOR CULPEPPER . UH, THREE MINUTES AND I'M GOING TO CUT YOU OFF IN THREE MINUTES.

739
02:36:07.524 --> 02:36:20.137
THANK YOU. I WANTED TO TO THE CHAIR, MAKE SURE WE GET WHO ARE OUR FINANCIAL ADVISORS? OUR EXTERNAL FINANCIAL ADVISORS

740
02:36:20.137 --> 02:36:32.049
ARE. AND I WANTED THROUGH JIM TO GET, UH, THE PROTOCOL FOR. HOW THE DECISIONS ARE MADE WITH

741
02:36:32.049 --> 02:36:45.596
REGARD TO BUDGET AND WHETHER IT'S A CUT OR WHETHER IT'S. AN ADDITION. OKAY. >> YEAH, YEAH. UM. WELL, CAN I ASK. YOU LOOK, I'M I'M PAUSING IT I'M JUST IN TERMS OF FINANCIAL

742
02:36:45.596 --> 02:36:58.008
ADVISOR YOU'RE TALKING ABOUT ON THE BUDGET OR THE INVESTMENT INVESTMENTS. >> THE INVESTMENT. OKAY YEAH I CAN AND TREASURY IS ONE OF MY DEPARTMENT SO I CAN ANSWER THAT. SO WE HAVE A SMALL PORTFOLIO

743
02:36:58.008 --> 02:37:09.553
OF GENERAL FUND DOLLARS THAT IS UH INVESTED UH AND WE USE UH FIRM CALLED UH PFM ASSET MANAGERS TO HELP US WITH THAT. BUT THAT'S A SMALL PORTFOLIO.

744
02:37:09.553 --> 02:37:23.567
UM, IF YOU JUST GIVE ME A SECOND I'M PULLING UP. >> THE PSM. PFM, PFM ASSET MANAGER SO WE CALL THEM PFM AM SO THEY HELP US WITH THAT ONE YOU KNOW VERY SMALL UH GENERAL FUND

745
02:37:23.567 --> 02:37:34.812
PORTFOLIO. UM. JUST LOOKING AT OUR INVESTMENTS WE UH, HAVE GENERAL FUND INVESTMENTS IN A NUMBER OF BANKS AS WELL.

746
02:37:34.812 --> 02:37:45.989
UM AND SO THAT IS YOU. KNOW WHAT BANKS ARE THOSE. UM CITIZENS UM, WE HAVE A J.P. MORGAN INVESTMENT ACCOUNT. THE BIGGEST ONE IS THIS BANK

747
02:37:45.989 --> 02:37:56.567
CALLED MDT, UH, WHICH IS THE MASSACHUSETTS MUNICIPAL DEPOSITORY TRUST. UM, SO THAT'S WHERE WE HAVE UM ,UH, A LOT OF OUR GENERAL FUND

748
02:37:56.567 --> 02:38:09.947
DOLLARS AND UH, SITTING UM AND THEN A NUMBER OF SMALLER UM, LOCAL BANKS LEADER BANK SALEM FIVE DEDHAM ROCKLAND. UM, SO IT'S SPREAD OUT AMONGST MEN.

749
02:38:09.947 --> 02:38:20.624
AND THEIR. EXTERNAL ADVISORS NOW TO. THOSE INVESTMENTS. SO THE ONLY EXTERNAL ADVISORS WE HAVE ARE PFM ASSET MANAGERS . YES. >> AND THEN FOR OUR TRUST ACCOUNTS WE HAVE A UM UH,

750
02:38:20.624 --> 02:38:35.506
INVESTMENT CONSULTANT UM, ANY ANY PC UH I CAN'T REMEMBER WHAT THAT STANDS FOR. AND THAT'S FOR THE TRUST. YES OKAY.

751
02:38:35.506 --> 02:38:51.221
AND THAT IT. YES. >> OKAY. >> THANK YOU. >> UH. COUNSELOR CULPEPER JUST JUST SO YOU KNOW. >> HOW LONG TERM I'M NOT I'M NOT READY TO YOU. YEAH. >> OH, DIDN'T I JUST WANT TO PUT A LITTLE COLOR ON THE INTEREST ON INVESTMENTS THAT OH, THERE'S A REQUIREMENT THAT

752
02:38:51.221 --> 02:39:03.767
IT BE VERY CONSERVATIVE ILLIQUID AND THAT'S WHY IT'S SO CONNECTED TO THE UM FED FUNDS RATE. IT'S NOT REALLY HIGH CREATIVE INVESTMENTS. IT'S REALLY JUST A BANK INTEREST. YES. >> NO I UNDERSTAND WITH REGARD TO THE BANKS I WAS LOOKING AT

753
02:39:03.767 --> 02:39:20.684
THE OTHER INVESTMENTS MUTUAL FUNDS WHO DO WE INVEST IN MUTUAL FUNDS? UH ALL RIGHT.

754
02:39:20.684 --> 02:39:31.528
NATURALLY ON THAT PART. YOU CAN'T GIVE BECAUSE MY TIME IS. YET TO ASK QUESTIONS THEY KNOW THE ANSWERS TO. I WANTED TO UH I WANTED TO, UH ,REAL QUICK ASK ABOUT THE

755
02:39:31.528 --> 02:39:42.940
ECONOMIC OPPORTUNITY AND INCLUSION UH, CABINET AND THE CUTS THERE AND THE ONE TO NUMBER ONE LOOK AT HOW MUCH THE CUTS WERE AND HOW WILL THESE

756
02:39:42.940 --> 02:39:56.053
CUTS IMPACT EXISTING PROGRAM WITHIN THE ECONOMIC OPPORTUNITY AND INCLUSION CABINET OFFICE? SO SO UM I BELIEVE THAT CABINET HAD UH COMMUNITY BASED GRANTS

757
02:39:56.053 --> 02:40:06.830
AS WELL. UM, SO THEY WOULD THEY WOULD FALL WITHIN THAT UM, UH POLICY . >> HOW MUCH FOR THE COMMUNITY BASED GRANTS? UM WELL, I THINK IN AGGREGATE

758
02:40:06.830 --> 02:40:18.408
IT'S $12 MILLION TO BE HONEST WITH I DON'T HAVE THE NUMBER FOR ECONOMIC OPPORTUNITY INCLUSION AT THE MOMENT BUT UM OKAY. CAN YOU GET THAT TO ME, JIM? AND THEN GET ME THE TOTAL CUTS

759
02:40:18.408 --> 02:40:27.818
TO THE ECONOMIC OPPORTUNITY MR CHAIR AND INCLUSION CABINET AND I WANTED TO MY QUESTION WAS WHAT IMPACT DOES THOSE CUTS

760
02:40:27.818 --> 02:40:42.332
HAVE ON EXISTING PROGRAMS INCLUDING WORKFORCE DEVELOPMENT AS SMALL BUSINESS SUPPORT INITIATIVES? AND WE CAN GET THAT TO YOU RIGHT IN. >> IT. FOR SURE. I'M SURE I'LL MAKE SURE.

761
02:40:42.332 --> 02:40:52.442
>> WE GET. >> IT TO YOU. I MEAN MY COLLEAGUES IT. IS MY TIME IS UP. YOUR TIME IS UP. UH AND ANY OTHER QUESTIONS YOU HAVE I MEAN WE CAN CERTAINLY WE'LL GET THERE.

762
02:40:52.442 --> 02:41:05.822
WE HAVE THIS WHOLE SEASON TO ANSWER YOUR QUESTIONS AND WE'LL MAKE SURE YOU GET THE ANSWERS UH, EVEN IF YOU HAVEN'T ASKED THEM TODAY. >> THE QUESTION THAT I WOULD SUBMIT TO THEM WILL COME

763
02:41:05.822 --> 02:41:18.568
THROUGH YOU, MR CHAIR. YEAH. >> YES. I MEAN, I THINK THAT WOULD BE THE WAY TO PROCEED. OKAY. THANK YOU JIM. OKAY OKAY. THANKS. COUNSELOR CULPEPER. COUNSELOR. THIS QUESTION DOESN'T NEED AN ANSWER. I JUST WANT TO GET THEM ON

764
02:41:18.568 --> 02:41:27.711
RECORD TO THE CHAIR. UM, AND IT'S AROUND NEW GROWTH WHICH IS BUDGETED AT 40 MILLION AT FY 27. UM, JUST WANTED TO KNOW WHAT IS DRIVING THE FORECAST TO DRIVE

765
02:41:27.711 --> 02:41:40.424
FROM 79 MILLION IN FY 26 TO 4040 MILLION IN FY 27? WHEN WAS THE LAST TIME WE HAD NEW GROWTH OF ONLY 40 MILLION? WE KNOW NEW GROWTH IS IN THREE PART PART ONE IS 121 AGREEMENT PROPERTIES COMING BACK ON THE

766
02:41:40.424 --> 02:41:51.401
BOOKS DO WE HAVE THAT NUMBER FOR THE PAST FIVE YEARS AND PROJECTED FOR FY 27 PART. TWO IS THE PERSONAL PROPERTY. GROWTH OR INFRASTRUCTURE GROWTH? DO WE HAVE THAT NUMBER FOR THE PAST FIVE YEARS AND PROJECTED FOR FY 27?

767
02:41:51.401 --> 02:42:01.945
PART THREE IS NEW CONSTRUCTION IN FY 25 WE HAD A BUILDING PERMIT REVENUE OF 47 MILLION LEADING TO THAT FY 26 NEW GROWTH NUMBER IN ITS ENTIRETY OF 79 MILLION. AND I KNOW NEW BUILDINGS COME

768
02:42:01.945 --> 02:42:12.222
ON THE TAX BOOKS AND SEGMENTS EACH YEAR OVER THE ENTIRE. CONSTRUCTION PERIOD. BUT I THINK LOOKING AT THE PRIOR YEAR BUILDING PERMITS CAN GIVE US A GOOD ESTIMATE ON THE NEXT YEAR'S NEW GROWTH THAT RELATES TO CONSTRUCTION THERE

769
02:42:12.222 --> 02:42:24.534
BY 26 WE'RE ALSO ESTIMATING 47 MILLION, BUT WE'RE PROJECTING NEW GROWTH TO GO DOWN TO 40 MILLION WAS THE REASON BEHIND THAT WITH THE SAME AMOUNT OF BUILDING PERMIT REVENUE YEAR OVER YEAR FROM FY 25 TO FY 26

770
02:42:24.534 --> 02:42:35.178
TO DATE, I JUST WANT TO PUT THOSE ON THE RECORD. UM, AND I WANT TO JUST JUMP INTO UM, THE I KNOW I'VE ADVOCATED FOR IN THE PAST A

771
02:42:35.178 --> 02:42:48.658
MULTI-YEAR OPERATING BUDGET. I'M ON PAGE 147 OF THE BUDGET BOOK. WE TALK ABOUT MULTI-YEAR BUDGET PLAN. UM, CAN WE GET A COPY OF THAT MULTI-YEAR PLANNING HORIZON?

772
02:42:48.658 --> 02:43:01.171
YES. >> YOU KNOW, WE PUBLISH THAT IN THE ADOPTED VERSION OF THE BUDGET. OKAY. >> SO WE COULDN'T GET IT UM, PRIOR TO. WE UPDATE IT IN THE FALL. SO THE LATEST VERSION OF OUR MULTIYEAR FORECAST IS WHAT

773
02:43:01.171 --> 02:43:13.517
APPEARS IN LAST YEAR'S ADOPTED BUDGET. OKAY. >> UM, THE OTHER QUESTION I HAVE IS AROUND. REVENUE.

774
02:43:13.517 --> 02:43:27.397
UM, FOR UH, IT A FEW THINGS UH, BUT ONE ONE OF THE ONE OF THE THINGS WAS JET FUEL UM AND THEN ROOM TAX UM, WE'RE TURNING TO 166 MILLION THROUGH THE FIRST

775
02:43:27.397 --> 02:43:37.340
SEVEN MONTHS. UM, HOWEVER, UM AND I PART OF FIFA IS THERE STILL THIS FISCAL YEAR BUT THERE COULD BE AN UPTICK WITH THE OTHER EVENT

776
02:43:37.340 --> 02:43:49.286
WE ARE FORECASTING 162 MILLION FOR FY 27 SO WE'RE ACTUALLY GOING DOWN ALTHOUGH WE'RE GOING TO EXCEED UM FY 26 PROJECTIONS.

777
02:43:49.286 --> 02:44:00.697
UM AND THE SAME THING WITH JET FUEL TAX FY 25 UM THIS 42 FY 26 IS 43 FOR FY 27 UM WITH

778
02:44:00.697 --> 02:44:11.074
HOPEFULLY AN INCREASE OF PEOPLE COMING INTO THE CITY FOR THESE EVENT, WE'RE PROJECTING 30 MILLION FOR FY 27. UM WHAT WHAT IS BEHIND US ON

779
02:44:11.074 --> 02:44:24.621
THE PROJECT IN REVENUE? UM ALTHOUGH WE ARE YOU KNOW, EXCEEDING EXPECTATIONS IN ROOM TAX UM AND THEN THERE'S EVENTS COMING ON. YEAH. >> I THINK SOME OF THE THE

780
02:44:24.621 --> 02:44:36.166
HOTEL OCCUPANCY AGAIN THE EVENTS WILL HAPPEN IN THIS CURRENT FISCAL YEAR. UM WE ARE SORT OF UM INCREASING THE BUDGET UM, UM FOR ROOM

781
02:44:36.166 --> 02:44:48.044
OCCUPANCY. UM, YOU KNOW, IT'S GOING UP BY $14 MILLION UM UH, NOT IN HALF PERCENT. UH, THAT'S SORT OF. ARE YOU LOOKING AT PROJECTED VERSUS ACTUAL.

782
02:44:48.044 --> 02:44:58.521
UH YEAH FOR 27 THIS BUDGET HERE OKAY. YEAH IT'S REALLY AGAIN IT'S NOT IT'S IT'S AN ESTIMATE THAT WE FEEL IT'S DEFENSIBLE FOR UM REVENUE AND THAT'S THAT'S SORT

783
02:44:58.521 --> 02:45:10.367
OF THE THE THEORY IS THAT WHEN WE GO AND GET UH THE TAX RATE CERTIFIED UM, RIGHT PRIMARILY THEY'RE LOOKING AT YOUR YOUR VALUATIONS BUT THEY DO IT FOR WHAT THEY CALL LOCAL RECEIPTS

784
02:45:10.367 --> 02:45:23.113
WHICH UM UH, IN MOST COMMUNITIES EVEN IN BOSTON, YOU KNOW, SO IT'S. UH PROPERTY TAXES NUMBER ONE UH STATE IS NUMBER TWO WE HAVE THE LOCAL RECEIPTS AS IS THE REST

785
02:45:23.113 --> 02:45:34.024
IS IN SOME COMMUNITIES IS NOT VERY MUCH AT ALL. SO UH THE DUE DILIGENCE THAT YOUR GOES THROUGH IS THEY ALMOST WANT YOU TO HAVE PROVEN THAT YOU'VE GOT YOU'VE RAISED THIS YOU'VE UM, GOT UH, REVENUE

786
02:45:34.024 --> 02:45:45.802
AT LEAST A MOUNTAIN OF HISTORICAL LOOKING AUDITED NUMBER BEFORE THEY WOULD ALLOW YOU TO LIKE INCREASE IT BECAUSE YOU KNOW, THEY'RE THEY'RE ALSO THEIR ROLE IS TO PROTECT COMMUNITIES FROM YOU KNOW, UH

787
02:45:45.802 --> 02:45:55.779
OVERESTIMATING REVENUES YOU. KNOW AND JUST A COUPLE MORE QUESTIONS CHAIR. SORRY. OKAY. UM, YOU KNOW, THE COST OF YOU ALL SEEING THE COST OF FOOD BEING WAY UP, UM, AND THEN, YOU

788
02:45:55.779 --> 02:46:08.959
KNOW, WE'RE WE FOR FY 27 ARE PROJECTIONS ON UM, REVENUE ON JET FUEL TAX RIGHT? RIGHT. IS IS DOWN 12 TO 13 MILLION. UM THAT'S THE OTHER POINT I

789
02:46:08.959 --> 02:46:23.340
WANTED TO MAKE ON THAT BUT GOING BACK TO THIS RESERVE UM IS $1.2 BILLION. THAT'S OUR UNASSIGNED FUND BALANCE. OKAY. >> UM, CAN YOU JUST, UM, DESCRIBE WHAT THAT WAS MADE UP

790
02:46:23.340 --> 02:46:36.619
OF THAT LIKE IS IT YEAH. YEAH. >> I MEAN IT'S REALLY ANY KIND OF UM, YOU KNOW, SURPLUS FUNDS THAT HAVE DEVELOPED AND ACCUMULATED OVER THE YEARS AND AREN'T ASSIGNED TO A PARTICULAR UH, USE OKAY, UH, IN THE BUDGET

791
02:46:36.619 --> 02:46:47.330
SO THEY APPEAR IN OUR FINANCIAL STATEMENTS. UM, SO YOU CAN SEE THAT, UH, INCLUDED THERE. ALL RIGHT. WE ARRIVE AT THAT NUMBER. GOT IT. UM, AND THEN LASTLY, ARE WE

792
02:46:47.330 --> 02:46:58.875
LOOKING AT REBUILDING ANY MAJOR CONTRACTS UM, TO SEE IF THERE'S ANY COST SAVINGS THERE? UM, SOME OF OUR LARGER

793
02:46:58.875 --> 02:47:08.051
PROCUREMENTS ARE NOT NECESSARILY RESULTED IN UM, SAVINGS. UH, BUT YOU KNOW, SO I THINK LAST YEAR WE UH UH, ENCOUNTERED

794
02:47:08.051 --> 02:47:19.262
THE UM, WASTE REDUCTION COLLECTION COMPONENT OF THE CONTRACT WHICH UH IN ORDER TO TO SORT OF MEET SOME OF THE SERVICE GOALS AND FINISH TIMES

795
02:47:19.262 --> 02:47:31.775
AND OPERABILITY THAT THAT. CONTRACT WENT UP SIGNIFICANTLY . UH, ONE OF THE THINGS THAT WE'RE CONCERNED ABOUT MORE FOR FY 20 IS THE UM SOLID WASTE DISPOSAL BUDGET.

796
02:47:31.775 --> 02:47:42.786
SO UM, YOU KNOW, AGGREGATE UH, IN THE IN THE CURRENT BUDGET IT'S YOU KNOW, IT'S A $77 MILLION COST COLLECT RESIDENTIAL WASTE. SO I MEAN, UM, STREETS CABINET

797
02:47:42.786 --> 02:47:55.498
CAN SPEAK UH MORE INTELLIGENTLY ON IT BUT IT'S A MARKET THAT WE'RE CHALLENGED JUST BASED ON SOME OF THE DYNAMICS IN BUSINESS. UH, UM. TERMS YOU KNOW, THE MARKET OF. UM.

798
02:47:55.498 --> 02:48:08.912
,VENDORS BUILDING ON OUR WORK. RIGHT. >> AND THEN LASTLY, UM, DO WE HAVE ANY UH OR IS THERE LIKE A LIST OF ANY VACANT CITY OWNED UM.

799
02:48:08.912 --> 02:48:20.757
PROPERTIES OR BUILDINGS OR. COMMERCIAL SPACE? IS THERE IS THERE A LIST THAT WE HAVE OR KEEP? UM, NOT THAT I'M AWARE OF. WE CAN ALWAYS CHECK WITH THE

800
02:48:20.757 --> 02:48:33.503
PUBLIC FACILITIES DEPARTMENT TO SEE IF THAT'S SOMETHING OR PMD TO SEE IF THAT'S SOMETHING THAT THEY MAINTAIN. ALL RIGHT. >> THANK YOU. YEAH SO I THOUGHT WE DID A LIST OF THE VACANT PROPERTIES AT LEAST UH MAYBE LIKE VACANT LAND VACANT LAND PARCELS. PARCELS.

801
02:48:33.503 --> 02:48:47.183
>> THERE WAS A LAND. AUDIT DONE. >> YEAH. >> LAND. YEAH. YEAH. I'M TRYING TO THINK OF LIKE BUILDING THIS BUILDING SPACE. YEAH. KIND OF. >> WE'VE GOT A HIGH SCHOOL IN WEST ROXBURY TO SELL. YOU KNOW, IT'S JUST EMPTY. UM. >> ALREADY TRIED THEY ALREADY

802
02:48:47.183 --> 02:48:57.994
TRIED TO SELL IT. YEAH. UH UM OKAY, SO I I DID JUST A QUICK QUESTION ON AMENDMENTS. YOU KNOW, WE SPENT A LOT OF TIME TALKING ABOUT BUDGET AMENDMENTS AND AND PROGRAMS.

803
02:48:57.994 --> 02:49:10.039
UH, AND I GET INTO SORT OF COUNSELOR CULPEPER HIS LINE OF QUESTIONS ABOUT WHO'S MAKING DECISIONS AND WHAT'S GOING ON WHAT'S WHAT IS THE HOW HOW DO THE AMENDMENTS GET REVIEWED? ARE THEY SINGLED OUT OR DO THEY

804
02:49:10.039 --> 02:49:21.151
JUST YOU KNOW, IS THAT PART OF THE. YOUR DEPARTMENT BY DEPARTMENT DISCUSSION? UH, BECAUSE THEY I THINK FOR THE MOST PART OF THE LAST TWO YEARS WE PUT IN THE AMENDMENTS UH, THEY'RE NOT IN THE BUDGET

805
02:49:21.151 --> 02:49:30.527
THE NEXT YEAR. SO SO I GUESS HOW DO YOU TALK ABOUT IT, UH, THE AMENDMENTS PLANNING THE NEXT YEAR'S BUDGET AND IF AT ALL AND THEN HOW CAN

806
02:49:30.527 --> 02:49:42.071
WE HOW SHOULD WE LOOK AT THEM WHEN WE'RE PLANNING ON AND SPENDING A LOT OF TIME, YOU KNOW, GOING THROUGH THE BUDGET LOOKING TO. YEAH I THINK I THINK LIKE ANY

807
02:49:42.071 --> 02:49:53.583
ITEM YOU KNOW WE REVIEW THINGS INDIVIDUALLY BY DEPARTMENT TO YOU KNOW ASSESS IT ON ITS YOU KNOW AS A STANDALONE ITEM SO WE YOU KNOW WE TEND TO REVIEW

808
02:49:53.583 --> 02:50:04.928
THINGS BY DEPARTMENT AND INDIVIDUALLY. BUT SO THERE'S THEY'RE THEY'RE NOT I MEAN I THINK WHEN WE WHEN WE FIRST STARTED THIS I DID TWO YEARS AGO WE IT'S ALWAYS IT'S

809
02:50:04.928 --> 02:50:15.438
IN THE BUDGET IT'S GOING TO BE AND THE PRESUMPTION WOULD BE IN THE BUDGET THE NEXT YEAR. BUT I THINK IN REALITY HOW THIS HAS PLAYED OUT IT'S LIKE SORT OF THE OPPOSITE LIKE IT IT'S

810
02:50:15.438 --> 02:50:25.515
NOT IN THE BUDGET BUT UM EVEN WITH SOMETHING LIKE CITY HOUSING VOUCHERS LIKE IS THAT AMOUNT THAT THAT YOU KNOW I KNOW THE MAYOR'S SET THAT YOU KNOW, RAISED THE AMOUNT YEAR TO

811
02:50:25.515 --> 02:50:38.094
YEAR IS THE AMOUNT THAT WE ADD INTO THAT CONSIDERED LIKE THE SORT OF BASELINE FOR THE NEXT YEAR OR. WHAT WHAT DO YOU LOOK AT? YEAH, I THINK UH THIS YEAR UM

812
02:50:38.094 --> 02:50:50.240
SOMETHING SO THERE'S UH THERE'S TWO DIFFERENT TYPES OF VOUCHERS WITH PROJECT BASED VOUCHERS. UM AND THEN THERE'S TENANT VOUCHERS AND UH REDUCTIONS IN VOUCHERS AND THE MAYOR'S OFFICE

813
02:50:50.240 --> 02:51:03.486
OF HOUSING THIS YEAR WAS WAS MORE OF A, UH, TEMPORARY PAUSE BASED ON THE SORT OF BALANCES THAT THE HOUSING AUTHORITY HAS . >> ON. HAND TO. >> SORT OF MAINTAIN THAT LEVEL OF SERVICE. >> YEAH. NO, I MEAN I AND I'M GOING TO GET MY NUMBERS ON IF THE CITY

814
02:51:03.486 --> 02:51:14.731
HOUSING VOUCHERS AS THE MAYOR SETS IT A 12 MILLION AND YOU HAD 2 MILLION SO WE'RE 14 MILLION WHEN YOU LOOK AT THE CITY HOUSING VOUCHERS FOR THE NEXT YEAR, ARE YOU LOOKING AT OKAY WELL.

815
02:51:14.731 --> 02:51:26.843
WE'RE AT 14. >> DO WE GO UP OR DOWN WE'RE NOT SURE OR DO YOU JUST A RACE OR AN AMENDMENT AND THEN YOU KNOW JUST TO USE AN EXAMPLE RIGHT. NO I DON'T THINK SO.

816
02:51:26.843 --> 02:51:38.421
UM AND THAT'S REALLY LIKE A FUNCTION OF US BUILDING. YOU KNOW, THE TEAM SPENDS A GOOD CHUNK OF THE TIME BUILDING UP THE MAINTENANCE BUDGET AND SO DECIDING, YOU KNOW, IN ORDER TO DELIVER THE SAME LEVEL

817
02:51:38.421 --> 02:51:51.801
OF SERVICES AS LAST YEAR, WHAT'S THE APPROPRIATE NUMBER TO ASSUME IS LIKE OUR MAINTENANCE BUDGET AND SO. WELL, I GUESS THE QUESTION IS ARE THE AMENDMENTS IN THE MAINTENANCE BUDGET. >> THEY THEY CAN BE BUT RIGHT IT'S LIKE IT DEPENDS ON LIKE

818
02:51:51.801 --> 02:52:03.079
YOU KNOW WE'RE KIND OF EVALUATING IT FROM A STANDPOINT OF WHAT IS NEEDED TO DELIVER THE SAME LEVEL OF SERVICE IT COULD BE BUT MAYBE THE AMENDMENT DIDN'T GET SPENT LAST YEAR BECAUSE OF REASONS RIGHT. SO THAT'S WHY WE HAVE TO SORT

819
02:52:03.079 --> 02:52:14.424
OF EVALUATE THEM INDIVIDUALLY. OKAY I APPRECIATE IT. THANK YOU FOR UH A GOOD START TO THE BUDGET HEARING PROCESS. THANKS TO MY COLLEAGUES FOR BEING AROUND US STICKING AROUND

820
02:52:14.424 --> 02:52:26.803
AND UH UH, I WORK WITH YOU TO MAKE SURE YOU GET THE ANSWERS TO YOUR QUESTIONS. UM, BUT THAT THAT'S GOING TO BE OH, I'M SORRY, COUNCIL PRESIDENT. DID YOU HAVE ANY UH DID YOU HAVE ONE QUESTION? YOU AND I FOR ONE.

821
02:52:26.803 --> 02:52:38.381
THING, WE HAD A FORMAL PETITION THAT WENT UP TO THE STATE HOUSE AND WAS APPROVED TO RAISE THE FINES FOR UH CODE CITY OF BOSTON CODE VIOLATIONS. ARE WE EFFECTIVELY IMPLEMENTING THOSE INCREASED FINES?

822
02:52:38.381 --> 02:52:51.494
I'M THINKING ABOUT REVENUE. I'M ALWAYS THINKING YES. UM. >> I'M SO I'M NOT AWARE I THINK WE WOULD I THINK, UH, WE WOULD NEED TO COME BACK TO THIS BODY TO ACTUALLY INCREASE. I'M I'M NOT SURE I COULD BE WRONG. UM, BUT AS FAR AS I KNOW WE

823
02:52:51.494 --> 02:53:02.438
HAVE NOT ASSUMED THE INCREASED AMOUNT. AS WE'VE TALKED ABOUT BEFORE, THERE IS A COMPONENT OF THE CODE ENFORCEMENT ISSUE THAT IS THE AMOUNT WE'RE CHARGING. BUT THERE'S ALSO HOW ARE WE

824
02:53:02.438 --> 02:53:12.281
TICKETING, HOW ARE WE COLLECTING? HOW ARE WE RESOLVING THE PROBLEM. UM THAT'S ALSO A FUNCTION OF THIS. WE COULD YOU KNOW, RAISE THE FINE TO WHATEVER WE WANT. BUT IF WE'RE STRUGGLING TO GET

825
02:53:12.281 --> 02:53:24.494
PEOPLE TO TO PAY IT UM I. THINK WE'RE WORKING ON IMPROVING I INFORMATION SYSTEMS SO THAT WE CAN ACTUALLY HAVE ACCURATE ADDRESSES AND IT'S. >> IT'S ACCURATE ADDRESSES BUT

826
02:53:24.494 --> 02:53:34.904
IT'S. ALSO UM RIGHT IT'S NOTICE IT'S ACCURATE ADDRESS. IT'S MAKING SURE THAT WE'RE CONSISTENTLY TICKETING AN ISSUE THAT WE'RE FOLLOWING UP ON AN

827
02:53:34.904 --> 02:53:46.582
ISSUE ONCE IT'S BEEN RESOLVED THAT WE HAVE AN APPROPRIATE HEARING PROCESS FOR PEOPLE TO GO TO TO YOU KNOW, UH, APPEAL. RIGHT. SO IT'S A IT'S A REALLY QUITE

828
02:53:46.582 --> 02:53:57.994
COMPLEX CROSS DEPARTMENTAL ECOSYSTEM THAT WE'RE MAKING A LOT OF PROGRESS ON BUT THERE'S A LOT OF ROOM FOR IT'S STILL. >> A WORK IN PROGRESS. YES THAT'S WONDERFUL ALL RIGHT THANK YOU THANK YOU THANK YOU FOR BEING HERE. OKAY THANK YOU VERY MUCH. UH, THIS.

829
02:53:57.994 --> 02:54:16.679
HEARING ON DOCKET. NUMBERS 073320740 IS ADJOURNED.