2026-10-15 - Finance & Governance Committee (Whole)

Summary

Based on uploaded (human-made) captions, not auto-generated; minor errors are possible (the first letters of many words are clipped). Captions run from 3:46 to 3:07:51. Two recesses have no captioned speech and are not counted as discussion: about 10 minutes (47:39 to 58:13) and about 15 minutes (1:51:56 to 2:06:57).

Time on topic (from transcript timestamps; approximate, includes side talk):

Topic	Minutes	Share
Business License Tax CEO Pay Ratio Surtax	60	38%
Community Opportunities and Enhancement Program Funding	32	20%
FY 2026-27 Fall Supplemental Budget	27	17%
FY 2027-28 Budget Calendar	13	9%
Council Operations Staff Merit Increases	10	6%
Business License Tax Stabilization Reserve	4	3%
Other business	11	7%

Thursday, October 15, 2026.
Councilor Kanal chaired the Committee of the Whole, called to order at 9:30 a.m. (4:18 on the recording) and adjourned at 12:33 p.m. (3:07:48).
All twelve councilors answered the roll call.
The three "fall technical adjustment" items were heard together and referred to the full Council: the supplemental budget ordinance (as amended twice) on a 12-0 vote, the FY 2027-28 budget calendar 9-3, and the Business License Tax reserve ordinance 12-0.
After the second recess the committee resumed the Business License Tax surtax ordinance, took no vote, and continued it, along with the street renaming code presentation, to later meetings.

FY 2026-27 Fall Supplemental Budget

13:45-34:02, 1:00:49-1:01:14, 1:09:24-1:10:36, 1:43:57-1:49:08

Item: document 2026-366, the fall technical adjustment ordinance. City Budget Director Ruth Levine walked through the seven exhibits (appropriation changes, explanations, project detail, General Fund decision packages, staffing changes, and direction for FY 2027-28 budget development) and explained why large sums moved from "contingency" to "reserve for future expenditures" to follow the state's reading of budget law.
Technical amendment: a $25 million negative appropriation in the transportation fund, caused by two overlapping adjustments, had to be corrected because state budget law forbids it. The amendment puts $25 million back into contingency. It passed 11-0 with Councilor Smith absent from the vote.
Councilor Smith asked what the $25 million is for and demanded a running list of what the hundreds of millions in reserve and contingency accounts are for and when they will be used. Levine and Chief Financial Officer Jonas Biery said a citywide spreadsheet of all reserve and contingency accounts had been emailed to councilors and will be published in future budget books. Councilor Kanal and Councilor Morillo backed the call for transparency.
Questions for follow-up in writing: Councilor Pirtle-Guiney flagged the Portland Solutions encumbrance carryover and a decision package for about $10 million of short-term bond capacity for tax increment districts. Biery said it is a borrowing adjustment, not new districts. Vice President Clark's office asked about reopening older districts for the Portland State performing arts project; staff will return with answers.
Vote: referred to the full Council with a "do pass" recommendation, 12-0.

FY 2027-28 Budget Calendar

34:02-44:22, 58:35-1:00:32, 1:49:08-1:50:16

Item: resolution 2026-367, the FY 2027-28 budget calendar, with an Exhibit B listing committee schedules and breaks. Council President Dunphy said it mostly repeats the last two years, is meant to give staff assurance, and can change; the next Council President may rework it.
The mayor's proposed budget would come out April 20 with a committee hearing April 22. Councilor Green, Pirtle-Guiney and Councilor Ryan said April 22 falls on Passover and asked to move it, with Ryan suggesting Friday the 23rd or Monday the 26th. Dunphy agreed to bring an amendment moving it to the Friday and to restore the Thanksgiving break missing from the exhibit; Pirtle-Guiney asked that observant staff be consulted.
Kanal confirmed the Wednesday, November 10 schedule shift is for Veterans Day and that suspended committees means all committees, and noted a leadership election workgroup report next week could affect the first lines. Councilor Novick joked about pairing the budget discussion with Passover seder language.
Vote: referred with a "do pass" recommendation 9-3; Councilors Zimmerman, Smith and Pirtle-Guiney voted no, Pirtle-Guiney having said she would vote no to mark that the date needs to change.

Business License Tax Stabilization Reserve

44:22-47:05, 1:00:32-1:00:49, 1:50:16-1:51:39

Item: ordinance 2026-368, creating a new City Code Chapter 5.90 with a Business License Tax stabilization reserve (a subfund of the General Reserve Fund) that sets how it is funded, when it can be drawn on and how it is refilled. A budget note in the current budget directed its creation; the city attorney said part of the old financial policy FIN 2.03 must move into code.
Kanal noted that any amendment lowering the amount added in the fall ordinance would need a matching change here, since the ordinance sets the minimum deposit.
No questions were raised. Referred with a "do pass" recommendation, 12-0.

Community Opportunities and Enhancement Program Funding

1:01:14-1:09:24, 1:10:36-1:33:57

Pirtle-Guiney and Zimmerman proposed Amendment Pirtle-Guiney 1 to move money from the program's reserve (held in the citywide obligations reserve fund) into its budget this year. The program funds pre-apprenticeship training that prepares Portlanders, many facing barriers, for union construction careers on city projects.
Testimony came from the heads of three of the four legacy pre-apprenticeship programs (Constructing Hope, Oregon Tradeswomen and Portland YouthBuilders). They said layoffs have begun, the pipeline is at risk, and one program reported 85 percent completion and placement. Written testimony for all three fall items was counted together with this.
Pirtle-Guiney said the program was brought back from Prosper Portland's contract to the city's procurement office, which then paused it despite assurances nothing would change. A $350,000 release had been requested; the amendment raises this year's funding to about $950,000 (speakers' wording of the amounts varied). About $2 million sits in the reserve and about $1.77 million would remain as next year's starting balance.
City staff said the program costs about $900,000 a year, can run roughly five years at that level before the reserve runs out, and that the former two-year contract with Prosper Portland, about $2.6 million a year, could not be sustained on revenue from the infrastructure bureaus. Staff said the pause was driven by the budget gap, not by the mayor's executive order on diversity programs.
Councilor Ryan asked why this must be repeated every year and was told the funds were budgeted as future spending so only Council can move them. Councilor Avalos questioned what the pause meant, and Kanal asked about the amounts and Prosper Portland's pass-through role. Councilor Koyama Lane spoke in support.
Vote: the amendment passed 12-0.

Council Operations Staff Merit Increases

1:34:04-1:43:57

Council President Dunphy moved Amendment Dunphy 1, an authorization with no dollar amount letting the Council Operations manager grant merit increases to Council Operations staff from existing appropriations, in consultation with the Council President.
Councilor Smith asked why the Council President and not district offices should have a say, since councilors work daily with the staff in their offices, and noted the mayor has frozen merit raises for executive-branch employees. Dunphy said the freeze does not apply to the legislative branch. Councilor Green supported the approach as a normal approval hierarchy. Kanal said the cleaner fix is to the fall ordinance rather than an earlier ordinance, and raised a wider question about structural independence of the Council Operations team.
Dunphy withdrew the amendment to fix the legal wording and said he will reintroduce it at the full Council.

Business License Tax CEO Pay Ratio Surtax

2:07:08-3:07:11

Item 5, document 2026-348: an ordinance amending Business License Law Code sections 7.02.400 and 7.02.500 to add new compensation ratio tiers, raise the CEO pay ratio surtax, and raise the gross receipts exemption. Oral testimony was heard at a prior meeting and the written record is open. Councilor Green, a sponsor, said 251 written comments had arrived, 81 percent in support.
Supporters: Green framed it as a response to federal tax cuts and a city revenue crisis. Dunphy backed it, citing small businesses that would see tax cuts. Councilor Morillo said it applies only to publicly traded corporations that sell in Portland, so it cannot be avoided by moving, is not an income tax and has no loophole. Green's policy advisor Eric Dean added that the surtax falls only on companies reporting to federal securities regulators, and that the exemption would rise from $100,000 in sales next year to $500,000, relieving about 18,000 small businesses.
Concerns: Councilor Novick, who wrote the original 2016 version, said this one is far larger, a ballot referral or lawsuit is realistic (San Francisco's attempt to raise its surtax failed this year), and he wants to know both whether other options were exhausted and whether powerful allies are on board; he said the answer to both is no today. Pirtle-Guiney asked about new companies swept in, the legal risk from the pending lawsuit over the arts tax, polling, and a defensive campaign plan. Biery said the city has not polled, does not have counts of newly covered firms, and was not asked to study avoidance or relocation, though his office would do so. Smith feared lost revenue from removing 18,000 businesses from the rolls, executive pay workarounds, and a pro-business image problem for the city. Ryan worried about grocery and big-box stores on Hayden Island and in North Portland and said he could support the small business relief if decoupled; Green replied that grocery margins are thin and the tax would be about $0.18 per $100.
Estimates mentioned: roughly $72 million a year by the revenue division's calculation, about $33 million net of exemptions, with Green and Biery cautioning real yields would vary.
Outcome: no vote. Kanal and Novick are in the queue when it resumes; the item was continued to a date to be set.

Other business

4:18-13:45, 47:05-47:39, 3:07:11-3:07:51

Roll call, conduct statement and agenda order, then Item 1 committee chair updates: Kanal noted agenda additions for October 21 and 29, a virtual meeting on November 5 (City Hall closed for HVAC work), and asked for help planning an urban chemical oversight hearing; Pirtle-Guiney summarized City Life Committee work on Advance Portland and economic development, public land disposal policy, cable regulation, cannabis taxes and the Charter-required code updates.
The statewide earthquake drill announcement briefly paused the meeting.
The presentation on the street renaming process (Code Chapter 17.93) was not reached and is continued to a later meeting.

Agenda

FY 2026-27 Fall Supplemental Budget ordinance (referred to Council as amended).

Sources

Video

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Transcript

These are uploaded (human-made) English captions; minor errors are possible.

Transcript

03:46>> THIS IS MY FAVORITE.

04:18>> GOOD MORNING. I'M GOING TO

04:19CALL THIS MEETING OF THE

04:21PORTLAND CITY COUNCIL COMMITTEE

04:22OF THE WHOLE TO ORDER. IT IS

04:249:30 A.M. ON OCTOBER 15TH, 2026.

04:28REBECCA, WILL YOU PLEASE CALL

04:29THE ROLL?

04:30>> GOOD MORNING.

04:31>> CLERK HERE. GREEN HERE.

04:36>> ZIMMERMAN HERE.

04:38>> AVALOS. SMITH. PIRTLE-GUINEY

04:43HERE. RYAN KOYAMA LANE HERE.

04:48MORILLO HERE.

04:49>> NOVICK HERE.

04:51>> DUNPHY HERE.

04:52>> KANAL HERE. CHRISTOPHER,

04:55WILL YOU PLEASE READ THE

04:56STATEMENT OF CONDUCT?

04:57>> WELCOME TO THE MEETING OF

04:58THE FINANCE AND GOVERNANCE

04:59COMMITTEE OF THE WHOLE. TO

05:00TESTIFY BEFORE THIS COMMITTEE

05:01IN PERSON OR VIRTUALLY, YOU

05:02MUST SIGN UP IN ADVANCE THE

05:04COMMITTEE AGENDA AT

05:08WWW.PORTLAND.GOV/AGENDA/COMMITTE

05:09OR BY CALLING 311. INFORMATION

05:11ON ENGAGING WITH THE COMMITTEE

05:11CAN BE FOUND AT THIS LINK.

05:13REGISTRATION FOR VIRTUAL

05:14TESTIMONY CLOSES ONE HOUR PRIOR

05:15TO THE MEETING. IN PERSON.

05:16TESTIFIERS MUST SIGN UP BEFORE

05:17THE AGENDA ITEM IS HEARD. IF

05:19PUBLIC TESTIMONY WILL BE TAKEN

05:20ON AN ITEM, INDIVIDUALS MAY

05:21TESTIFY FOR THREE MINUTES

05:22UNLESS THE CHAIR STATES

05:24OTHERWISE, YOUR MICROPHONE WILL

05:25BE MUTED WHEN YOUR TIME IS OVER,

05:26THE CHAIR PRESERVES ORDER

05:28DISRUPTIVE CONDUCT SUCH AS

05:29SHOUTING, REFUSING TO CONCLUDE

05:30YOUR TESTIMONY WHEN YOUR TIME

05:31IS UP, OR INTERRUPTING OTHERS

05:32TESTIMONY OR COMMITTEE

05:33DELIBERATIONS WILL NOT BE

05:34ALLOWED. IF YOU CAUSE A

05:35DISRUPTION, A WARNING WILL BE

05:36GIVEN. FURTHER DISRUPTION

05:37RESULTS IN EJECTION FROM THE

05:38MEETING. ANYONE WHO FAILS TO

05:39LEAVE ONCE EJECTED IS SUBJECT

05:41TO ARREST FOR TRESPASS.

05:42ADDITIONALLY, THE COMMITTEE MAY

05:43TAKE A SHORT RECESS AND

05:44RECONVENE VIRTUALLY. YOUR

05:45TESTIMONY SHOULD ADDRESS THE

05:46MATTER WHEN BEING CONSIDERED.

05:47WHEN TESTIFYING, STATE YOUR

05:48NAME FOR THE RECORD. IF YOU'RE

05:50A LOBBYIST, IDENTIFY THE

05:51ORGANIZATION YOU REPRESENT.

05:52VIRTUAL TESTIFIER SHOULD UNMUTE

05:53THEMSELVES WHEN THE CLERK CALLS

05:54YOUR NAME. THANK YOU.

05:57>> THANK YOU CHRISTOPHER. SO

06:00TODAY WE HAVE A PRETTY PACKED

06:01AGENDA. I JUST WANTED TO START

06:03BY SAYING, IS THERE, YOU KNOW,

06:04THERE'S THERE'S THREE ITEMS

06:05THAT RELATE TO THE FALL

06:07TECHNICAL ADJUSTMENT ORDINANCE.

06:08IF THERE'S NO OBJECTION TO IT,

06:10WE'RE GOING TO HEAR THEM TO

06:11CALL THEM TOGETHER. AND THEN

06:14FROM THERE, WE'LL IN CASE THERE

06:16ARE AMENDMENTS, WE MIGHT NEED

06:17TO JUMP BACK AND FORTH, BUT

06:19WE'LL STILL DISCUSS THEM AND

06:20VOTE ON THEM SEQUENTIALLY.

06:23SEEING NO CONCERN RAISED THERE.

06:26SO THE FIRST THREE ITEMS ARE

06:27THOSE THREE FALL ITEMS, THE

06:30ACTUAL SUPPLEMENTAL BUDGET, THE

06:31BUDGET CALENDAR, AND THEN THE

06:33ORDINANCE THAT WOULD CREATE A

06:35SUB FUND WITHIN THE GENERAL

06:36RESERVE FUND. AFTER THAT, WE'LL

06:38GET BACK INTO THE AMEND

06:40BUSINESS LICENSE LAW CODE ITEM

06:41THAT WE BEGAN LAST WEEK. AND

06:44THEN IF TIME REMAINS, WHICH IT

06:46ALMOST CERTAINLY WILL NOT, WE

06:47WILL HAVE THE FIRST

06:48CONVERSATION AROUND STREET

06:49RENAMING PROCESS DISCUSSION. SO

06:51JUST FLAGGING THAT FOR YOU. WE

06:53MAY NOT EVEN HAVE ENOUGH TIME

06:55TO FINISH THE BUSINESS LICENSE

06:56LAW CODE ITEM, BUT WE ARE

06:57TRYING TO GET THROUGH THE FALL

06:59TORE TODAY. ALL RIGHT. SO FIRST

07:03THING, I GUESS WE HAVE TO COULD

07:05YOU PLEASE CALL ITEM ONE.

07:06>> ITEM ONE COMMITTEE CHAIR

07:08UPDATES.

07:09>> ALL RIGHT. SO BEFORE I GET

07:11INTO THE PART WHERE I ASK CHAIR

07:13PIRTLE-GUINEY TO UPDATE US ON

07:14THE CITY LIFE COMMITTEE, JUST A

07:17COUPLE QUICK UPDATES ON THIS.

07:19FOR OCTOBER 21ST, WE'VE ADDED

07:22ONE MORE APPOINTMENT BACK AT

07:23THE REQUEST OF THE CITY

07:24ATTORNEY'S OFFICE. YOU'RE ALL

07:25GOING TO GET AN UPDATE ON THAT

07:29IN A BRIEFING FOR OCTOBER 29TH.

07:31THERE HAS BEEN SOME WE'VE

07:32CONFIRMED THE CITY WIDE

07:34IMMIGRANT AFFAIRS LEAD FOR A

07:35COUPLE OF WEEKS NOW. CITY

07:38ADMINISTRATOR IS NOT HERE,

07:39NEITHER THE MAYOR, BUT

07:40BASICALLY, WE'VE BEEN WAITING

07:42SINCE WE HAD A PRESENTATION IN

07:44AUGUST ABOUT CHEMICAL WEAPONS

07:46USAGE AND PUBLIC HEALTH IMPACTS

07:48OF THAT. AND THERE WAS A

07:50REQUEST TO HAVE THE USERS OF

07:51CHEMICAL WEAPONS BE ABLE TO

07:53PRESENT AS WELL. SO I'VE BEEN

07:54FOLLOWING UP WITH AT LEAST

07:56THOSE THAT ARE CITY EMPLOYEES

07:58ON THAT TO TRY AND GET THEIR

07:59PRESENTATION AND BE ABLE TO

08:01SCHEDULE IT. WE HAVEN'T GOTTEN

08:02THAT INFORMATION YET DESPITE

08:03ASKING SINCE AUGUST. SO THAT'S

08:04WHY THERE'S SOME TENTATIVE

08:06THINGS ON OCTOBER 29TH. IF THAT

08:08DOESN'T WORK, THERE'S A COUPLE

08:09OTHER ITEMS IN THE BACKLOG THAT

08:10WILL JUST CLEAR, BUT THAT'S WHY

08:12THAT HASN'T BEEN LOCKED IN YET.

08:14AS YOU CAN SEE, OTHER ITEMS AND

08:15OTHER DAYS HAVE BEEN. WE ADDED

08:17A NOTE THAT ON NOVEMBER 5TH IT

08:19WILL BE A VIRTUAL MEETING. CITY

08:21HALL WILL BE CLOSED FOR HVAC

08:24UPGRADES, SO THE ENTIRE MEETING

08:26WILL BE ONLINE ON NOVEMBER 5TH.

08:30AND I THINK EVERYTHING ELSE IS

08:32JUST A LOT OF THINGS THAT ARE

08:34GOING FROM POSSIBLE TO

08:35TENTATIVE. THE BIG REASON WHY

08:37THINGS ARE TENTATIVE AND NOT

08:38CONFIRMED IS THAT THEY JUST

08:39HAVEN'T BEEN FILED YET BY THE

08:40ADMINISTRATION, LIKE THOSE

08:41APPOINTMENTS ON NOVEMBER 18TH.

08:43SO THAT'S THE RUN OF THE FIRST

08:45PAGE. NOTHING NEW ON THE SECOND

08:47PAGE, EXCEPT A NOTE THAT MOST

08:49OF THE THINGS ON THAT PAGE ARE

08:50GOING TO BE DEFERRED TO JANUARY.

08:54IN THE LEADERSHIP REQUESTS AND

08:56WORKGROUPS PIECE. JUST WANTED

08:58TO ASK IF ANYONE WANTED TO

09:00ASSIST ON THAT FIFTH ONE, WHERE

09:02WE'RE HELPING PLAN THE URBAN

09:04ALCHEMY OVERSIGHT HEARING

09:05PLANNING. I KNOW I'VE BEEN

09:06WORKING ON IT WITH COUNCILORS,

09:07AVALOS AND GREEN, BUT IF ANYONE

09:09CAN FOLLOW UP WITH ME, IF

09:10THEY'D LIKE TO BE A PART OF

09:12HELPING PLAN THAT, WE KNOW,

09:13IT'S BEEN AN OBVIOUS PART OF

09:15THAT. GREAT, THANKS. I'M NOT

09:18SURE IF ANYONE ELSE WOULD BE

09:19INTERESTED IN THAT, BUT FOLLOW

09:21UP WITH ME, EITHER NOW OR LATER

09:22IS FINE, AND THAT'S PRETTY MUCH

09:25IT FROM MY PART. ANY QUESTIONS

09:27BEFORE I PASS IT TO COUNCILOR?

09:28PIRTLE-GUINEY. ALL RIGHT. CITY

09:31LIFE COMMITTEE CHAIR ELANA

09:32PIRTLE-GUINEY. TAKE IT AWAY.

09:33>> THANK YOU, CHAIR COLLEAGUES.

09:35THIS PAST WEEK WE HEARD TWO

09:38BROADER PRESENTATIONS IN THE

09:39CITY LIFE COMMITTEE, BOTH OF

09:41WHICH ARE ON TOPICS THAT HAVE

09:43RECEIVED SOME MORE EXTENSIVE

09:47QUESTIONS FROM THE ENTIRE

09:50COUNCIL. WE HAD A PRESENTATION

09:52ON THE CURRENT STATUS OF

09:53ADVANCED PORTLAND, WHICH IS THE

09:55CITY'S ECONOMIC DEVELOPMENT

09:56POLICY. A NUMBER OF YOU HAVE

09:58ASKED OVER THE COURSE OF THE

09:59LAST YEAR WHAT THAT

10:01RELATIONSHIP IS LIKE BETWEEN

10:02OUR COUNCIL AND PROSPER

10:04PORTLAND AROUND ECONOMIC

10:06DEVELOPMENT POLICY. AND THE

10:08FORMER COMMISSION ACTUALLY

10:09PASSED AN ECONOMIC DEVELOPMENT

10:11STRATEGY WHICH PROSPER HAS BEEN

10:13ENACTING. THAT HAPPENED BEFORE

10:1511 OF US WERE HERE. SO IT

10:18SOMETIMES FEELS A LITTLE A

10:19LITTLE NEW BECAUSE OF THE

10:21HOLISTIC TURNOVER THAT OCCURRED.

10:23BUT THERE IS A FORMER

10:25COMMISSION GUIDED DOCUMENT. WE

10:27GOT AN UPDATE ON WHAT THE FINAL

10:29TWO YEARS OF THAT WORK WILL

10:30LOOK LIKE. THE STATE OF OUR

10:32ECONOMY HAS CHANGED SINCE THAT

10:34WAS FIRST PUT TOGETHER, AND WE

10:36ALSO HAD THE FIRST OPPORTUNITY

10:38TO PROVIDE SOME THOUGHTS TO THE

10:42PROSPER DIRECTOR ON WHERE

10:45COUNCILORS ON THE CITY LIFE

10:46COMMITTEE, WHICH OVERSEES

10:47ECONOMIC DEVELOPMENT WORK,

10:49THINK THE CITY SHOULD BE GOING.

10:51IN TERMS OF OUR ECONOMIC

10:52DEVELOPMENT STRATEGY, THERE

10:54WILL BE OVER THE NEXT YEAR TO

10:56YEAR AND A HALF, A LOT OF

10:58CONVERSATION BACK AND FORTH

10:59BETWEEN PROSPER AND COUNCIL AND

11:01THE MAYOR AROUND THE NEXT

11:03ITERATION OF OUR ECONOMIC

11:04DEVELOPMENT STRATEGY. SO THIS

11:06WAS JUST A PREVIEW. WE ALSO

11:08THEN HAD A CONVERSATION ABOUT

11:10OUR POLICIES AROUND WHEN WE

11:14DISPOSE OF OR PRIVATIZE

11:16PUBLICLY OWNED LAND, AND WHAT

11:18THE CURRENT PRACTICE IS, AND

11:20WHETHER THERE ARE PLACES WHERE

11:21THAT PRACTICE MIGHT NEED TO

11:22SHIFT AND ADJUST. AS WE START

11:24TO THINK ABOUT OUR CITY AS A

11:26SINGLE UNIT THAT WORKS TOGETHER

11:31TO LOOK AT THE LONG TERM NEEDS

11:32OF OUR COMMUNITY AS IT RELATES

11:35TO CITY OWNED LAND AND LAND FOR

11:37CITY RESOURCES. THAT WAS

11:40FOLLOWED BY A SINGLE ITEM WHERE

11:43WE APPROVED THE SALE OF LAND TO

11:46HABITAT FOR HUMANITY FOR

11:47HOUSING DEVELOPMENT. I WILL

11:49NOTE THAT WE HEARD FROM

11:51MULTIPLE COLLEAGUES, MYSELF

11:53INCLUDED, ABOUT AN INTEREST IN

11:54HAVING A BROADER CITY WIDE

11:57STRATEGY ABOUT WHEN AND HOW WE

12:00DISPOSE OF PUBLIC LAND. THAT

12:02CAME BOTH FROM A COLLEAGUE WHO

12:04WAS INTERESTED IN US LOOKING AT

12:07OUR NEEDS MORE COMPREHENSIVELY,

12:09BUT NOT NECESSARILY SELLING OFF

12:12LAND LESS, AND CAME FROM

12:14COLLEAGUES WHO WERE INTERESTED

12:16IN SELLING OFF LAND LESS OFTEN.

12:18SO BOTH OF THOSE POSITIONS,

12:20LOOKING AT NEEDING US TO HAVE A

12:22MORE COMPREHENSIVE CITY WIDE

12:23APPROACH TO THIS. IN THE COMING

12:26WEEKS, WE ARE GOING TO HAVE A

12:28PRESENTATION ABOUT THE FUTURE

12:30OF THE REGULATORY SPACE AROUND

12:32CABLE AND INTERNET IN OUR CITY.

12:33LAST YEAR, THIS COMMITTEE

12:35BROUGHT US A PROPOSED PROPOSAL

12:38FROM THE ADMINISTRATION ON

12:42SCALING DOWN THE FUNDS THAT

12:44COME OUT OF OUR CABLE

12:45REGULATION, AND WE SAID THERE

12:47WOULD BE A CONVERSATION AROUND

12:48NEXT STEPS THERE. WE WILL HAVE

12:51A PRESENTATION AROUND HOW OUR

12:52CANNABIS TAXES ARE USED, AND

12:55THEN AN ORDINANCE FROM THE

12:56ADMINISTRATION ASKING US TO

12:57UPDATE OUR CANNABIS CODE. WE

13:00WILL LOOK AT SOME OF THE EQUITY

13:02AND WORKFORCE PROVISIONS WITHIN

13:04OUR PCEF CIP, AND WE WILL CLOSE

13:07OUT THE YEAR LOOKING AT THE

13:09NOISE CODE AND UPDATES THAT OUR

13:11NOISE OFFICERS ARE PROPOSING TO

13:13THAT CODE, WE DO HAVE A FEW

13:15SPOTS LEFT ON THE CALENDAR, AND

13:17I KNOW THAT THERE ARE A COUPLE

13:18OF YOU WHO HAVE ORDINANCES THAT

13:20MAY BE COMING TO THIS COMMITTEE.

13:22WE'VE ROOM FOR PROBABLY 2 OR 3

13:25THINGS LEFT, NOT MORE THAN THAT.

13:27SO IF YOU DO HAVE SOMETHING

13:28THAT YOU ARE THINKING OF

13:30BRINGING TO CITY LIFE, PLEASE

13:31LET ME KNOW AS SOON AS YOU'RE

13:33ABLE. THANKS SO MUCH, CHAIR.

13:34THAT'S ALL I'VE GOT.

13:35>> THANK YOU. CHAIR

13:36PIRTLE-GUINEY ANY QUESTIONS FOR

13:37CITY LIGHTS? ALL RIGHT. THANKS,

13:42EVERYBODY. AND WITH THAT, I'LL

13:43ASK IF WE CAN CALL ITEMS TWO,

13:46THREE AND FOUR TOGETHER.

13:49>> ITEM TWO ADOPT THE FY 2020

13:53627 FALL SUPPLEMENTAL BUDGET

13:54AND MAKE OTHER BUDGET BUDGET

13:57RELATED CHANGES. DOCUMENT

13:58NUMBER 2026-366. ITEM THREE

14:02ADOPT THE BUDGET CALENDAR FOR

14:04FY 2020 728. DOCUMENT NUMBER

14:072026-3, SIX SEVEN AND ITEM FOUR.

14:10AD BUDGET AND FINANCIAL

14:12PROCEDURES CODE TO CREATE AND

14:13DIRECT THE USE OF A SUB FUND

14:15WITHIN THE GENERAL RESERVE FUND

14:16SPECIFIC TO THE CITY'S BUSINESS

14:18LICENSE TAX REVENUE AD CODE.

14:20CHAPTER 5.90. DOCUMENT NUMBER

14:242026-368.

14:25>> THANK YOU. SO, COLLEAGUES,

14:27THIS IS THESE ARE THE THREE

14:28ITEMS FOR THE FALL TECHNICAL

14:29ADJUSTMENT ORDINANCE OR TOR. SO

14:32THE SUPPLEMENTAL BUDGET

14:33ORDINANCE, THE BUDGET CALENDAR

14:34RESOLUTION, AND THE BLT RESERVE

14:35ORDINANCE. ALL THREE OF THESE

14:36WERE DISCUSSED AT THE WORK

14:38SESSION THAT WE HAD LAST WEEK

14:39ON OCTOBER 7TH. SO CBO'S PLAN

14:41IS TO DO A RELATIVELY SHORT

14:43PRESENTATIONS AS WE OPEN THE

14:45ITEMS. AS A REMINDER, THEIR

14:46PURPOSE AND THE EXHIBITS FOR

14:47EACH ITEM THAT WERE FILED. ONE

14:49NOTE ON THE BLT STABILIZATION

14:51RESERVE ITEM. IF THERE ARE ANY

14:52AMENDMENTS TO THE. TO THE TOR

14:54THAT WOULD REDUCE THE AMOUNT

14:56THAT IS ADDED TO THE BLT

14:58STABILIZATION RESERVE, THERE

14:59WOULD NEED TO BE A

15:01CORRESPONDING AMENDMENT TO THE

15:03THIRD ITEM, THE BLT

15:05STABILIZATION RESERVE ORDINANCE

15:06ITSELF, BECAUSE THAT ORDINANCE

15:08SETS A FLOOR FOR THE AMOUNT TO

15:10BE CONTRIBUTED TOWARDS THE FUND,

15:12WHICH IS THE MINIMUM, IS WHAT'S

15:13CURRENTLY BEING PUT INTO IT IN

15:14THE FALL TOR. SO COUNCIL CAN GO

15:18HIGHER AND PUT MORE MONEY IN

15:19THAN THE MINIMUM IN THE IN THE

15:21BLT STABILIZATION RESERVE

15:22ORDINANCE AND ADD MORE MONEY

15:23THROUGH THE FALL TOR TO THE

15:24FUND. IF WE WANT TO GO LESS

15:26THAN THAT, WE'D HAVE TO AMEND

15:28BOTH. ASSUMING THAT ORDINANCE

15:30IS ADOPTED. AND THEN JUST A

15:31HEADS UP, THERE IS A AMENDMENT

15:33THAT I'LL BE MOVING THAT WAS

15:34BROUGHT BY CBO. IT'S A

15:36TECHNICAL AMENDMENT TO CORRECT

15:37AN ERROR IN THE TOR THAT

15:39RESULTED IN A NEGATIVE

15:41APPROPRIATION. NEGATIVE

15:41APPROPRIATIONS ARE NOT ALLOWED

15:42UNDER STATE BUDGET LAW, AND CBO

15:44WILL BE EXPLAINING THAT AS WE

15:47GET TO IT. IT HAS ONE OF THE

15:50ADJUSTMENTS THAT CHANGE

15:51CONTINGENCY TO RESERVE FOR

15:52FUTURE EXPENDITURES

15:54ACCIDENTALLY CREATED A NEGATIVE

15:55APPROPRIATION DUE TO A CONFLICT

15:57WITH ANOTHER ADJUSTMENT IN THE

15:58CONTINGENCY ACCOUNTS FOR THE

15:59TRANSPORTATION FUND. SO THERE'S

16:01A MISCOMMUNICATION THAT CAUSED

16:02THE ERROR. AND SO THEY'RE GOING

16:04TO GIVE US MORE INFORMATION ON

16:05THAT. AND IT'S GOING TO UNDO

16:07THE CHANGE OF $25 MILLION FROM

16:09CONTINGENCY TO THE RESERVE

16:11RESERVE FOR FUTURE EXPENDITURES

16:13IN THE TRANSPORTATION FUND, AND

16:14THEREFORE REBALANCE THE FUNDS

16:17CONTINGENCY. SO WE'RE GOING TO

16:18HAVE JEREMY PATTON FROM PBOT

16:20FINANCE ABLE TO ANSWER

16:21QUESTIONS ON THAT PIECE, BUT

16:22OUR PRESENTATION IS FROM OUR

16:25CITY BUDGET DIRECTOR, RUTH

16:26LEVINE, AND OUR CHIEF FINANCIAL

16:27OFFICER, JONAS BIERY.

16:34>> GREAT. THANK YOU.

16:35>> SO MUCH FOR.

16:36>> BEING HERE, CHAIR. YEAH.

16:39RUTH LEVINE, CITY BUDGET

16:40DIRECTOR, THANKS FOR HAVING ME.

16:42I'M REALLY DOING A VERY SHORT

16:45PRESENTATION. I HAVE SLIDES

16:48AVAILABLE FOR QUESTIONS THAT

16:49ARE THE SAME SLIDES AS LAST

16:50WEEK. SO WHAT I'M GOING TO DO

16:52FIRST IS JUST RUN THROUGH THE

16:55EXHIBITS FROM THE ORDINANCE

16:56REALLY QUICKLY. SO IT'S ALL

17:00EXACTLY WHAT'S POSTED ALREADY.

17:05IF I CAN GET IT UP. AND THEN I

17:08WILL ALSO SPEAK TO THE

17:10TECHNICAL AMENDMENT THAT THAT

17:13CHAIR KANAL JUST TALKED ABOUT A

17:15LITTLE BIT. SO JUST WANT TO

17:18WALK THROUGH THE EXHIBITS

17:19BECAUSE I ACKNOWLEDGE THEY'RE

17:21PROBABLY NOT AS USER FRIENDLY

17:23AS THEY COULD BE. SO PUTTING

17:24THAT ON MY LIST FOR FUTURE

17:26IMPROVEMENTS. BUT I JUST WANTED

17:29TO KIND OF EXPLAIN WHAT'S GOING

17:31ON AND WHY THEY ARE HERE THE

17:33WAY THEY ARE. SO EXHIBIT ONE IS

17:36THE ACTUAL CHANGE TO THE

17:38APPROPRIATIONS SCHEDULE. SO

17:39THAT IS THE PART THAT IS

17:41ESSENTIALLY LIKE THE LEGAL

17:42DOCUMENT THAT THAT UNDERLINES

17:44THE ENTIRE BUDGET. AND SO THIS

17:47THESE SHOW ALL OF THE CHANGES

17:50FROM WHAT IS CURRENTLY IN THE

17:52BUDGET, THROUGH THIS ORDINANCE,

17:54THROUGH THE FALL TOR. AND SO

17:57THIS GOES BY BUREAU AND THEN

17:59FUND. AND THESE CATEGORIES ARE,

18:04ARE THE CATEGORIES ESTABLISHED

18:06UNDER STATE BUDGET LAW. SO THE

18:07BUREAU OF PROGRAM EXPENSES

18:08ROLLS UP ALL OF THE DIFFERENT,

18:10YOU KNOW, PERSONNEL, EMS, IMS,

18:12THOSE THINGS. AND THEN THE

18:14CONTINGENCY IS THERE. INTERFUND

18:16CASH TRANSFERS ARE SEPARATE

18:17DEBT SERVICE. AND THEN THE

18:18TOTAL APPROPRIATION CHANGE IS

18:20IN THE COLUMN ON THE RIGHT. SO

18:22THAT IS AN IMPORTANT EXHIBIT

18:25BECAUSE IT IS WHAT ACTUALLY

18:26CHANGES THE APPROPRIATION

18:28SCHEDULE. EXHIBIT TWO IS

18:30INTENDED TO BE ABLE TO KIND OF

18:33EXPLAIN A LITTLE BIT ABOUT ALL

18:34OF THOSE CHANGES. I, I KNOW THE

18:39TEXT IS QUITE DENSE, LITERALLY

18:43AND FIGURATIVELY ON THE RIGHT

18:45THERE. SO, BUT SO THE SLIDES

18:50THAT I PRESENTED LAST WEEK ARE

18:51REALLY THE KEY TO BEING ABLE TO

18:53UNPACK THAT. BUT IT IS ALL

18:55THERE IN WRITING AND HAPPY TO

18:57ANSWER ADDITIONAL QUESTIONS ON

18:58ANY OF THAT. BUT I REALLY

19:00HIGHLIGHTED ALL THE KEY CHANGES

19:03LAST WEEK THAT'S INCLUDED IN

19:04THE TEXT THERE. EXHIBIT THREE

19:09THEN GOES ONE LEVEL DEEPER,

19:10WHICH IS ALL OF THE MAJOR

19:12OBJECTS. THOSE ARE THE THINGS

19:13THAT ROLL UP INTO THINGS LIKE

19:16BUREAU PROGRAM EXPENSES. BUT

19:17THERE'S ALSO CONTINGENCY BROKEN

19:20OUT HERE AND FUND BALANCE. AND

19:22AGAIN, I SPOKE LAST WEEK TO ALL

19:24OF THE CHANGES IN FUND BALANCE

19:25AND WHY THOSE WERE HAPPENING.

19:27SO THIS JUST HAS ALL OF THE THE

19:30NUMBERS, AND IT WALKS YOU FROM

19:31THE ADOPTED BUDGET TO THE FALL

19:35TO THE WHAT THE APPROPRIATION

19:37IS. IF THE ORDINANCE IS ADOPTED.

19:40>> BEFORE YOU GO ON. VICE CHAIR

19:41RYAN HAD A QUESTION.

19:43>> RUTH, I THINK IT WOULD BE

19:44GREAT IF WE GO BACK TO THE

19:46FIRST PAGE OF EXHIBIT ONE AND

19:48WE SEE THE LARGE NUMBERS IN

19:49CONTINGENCY, AND WE ALL KNOW

19:52CONTINGENCIES ARE FUTURE EVENTS,

19:54CIRCUMSTANCES THAT POSSIBLY

19:55WILL HAPPEN. IT SEEMS LIKE

19:57THERE'S A LOT MORE THAN I'M

19:59USED TO SEEING. MAYBE THEY'VE

20:00ALWAYS BEEN THIS BIG, BUT

20:01THEY'RE LARGER THAN SOME OF THE

20:04THE ACTUAL EXPENSES. COULD YOU

20:06EXPLAIN THAT TO THE PUBLIC?

20:07>> SURE. AND AND YOU'LL RECALL

20:10FROM LAST WEEK, I TALKED A LOT

20:12ABOUT THIS CHANGE FROM

20:14CONTINGENCY TO RESERVE FOR

20:16FUTURE EXPENDITURE. SO LIKE IN

20:19THE EXAMPLE THAT'S ON THE SLIDE

20:21HERE, THERE'S 154 MILLION IN

20:23THE SEWER SYSTEM RATE

20:25STABILIZATION FUND, WHICH IS

20:27ITS OWN ITS OWN FUND THAT MOVES

20:30OUT OF CONTINGENCY AND INTO

20:33RESERVE FOR FUTURE EXPENDITURE,

20:35BECAUSE

20:36>> THAT IS WHAT THAT FUND IS

20:37FOR, RIGHT? IT'S A RATE

20:39STABILIZATION FUND. IT'S

20:39INTENDED TO ENSURE THAT RATES

20:41DON'T INCREASE TOO QUICKLY IN

20:42ANY GIVEN YEAR. AND SO THEY CAN

20:44DRAW IT DOWN IN ORDER TO SMOOTH

20:45THAT CURVE. AND SO THAT'S WHY,

20:50THAT'S WHY THERE'S THAT REALLY

20:51BIG NUMBER THERE.

20:53>> SO THE PRACTICE IS TO PUT

20:54THESE INTO GOING FORWARD.

20:56>> THAT IS THAT IS YES. THAT'S

20:58AND THAT'S THE CONVERSATION FOR

21:01FOLKS WHO DIDN'T WATCH THE WORK

21:02SESSION. WE HAD THE THE

21:04EXECUTIVE DIRECTOR OF THE TAX

21:06SUPERVISING CONSERVATION

21:07COMMISSION COME AND EXPLAIN THE

21:09SORT OF UPDATED INTERPRETATION

21:11OF STATE BUDGET LAW THAT SAYS

21:12THAT WE REALLY SHOULD BE

21:14DISTINGUISHING BETWEEN THESE

21:14TWO THINGS. THE CONTINGENCY

21:16THAT IS IN OUR CURRENT YEAR'S

21:18BUDGET, IN CASE WE NEED IT FOR

21:20SOME REASON, SOMETHING HAPPENS

21:21AND WE NEED TO ACCESS IT VERSUS

21:23THE THINGS THAT WE HAVE A PLAN

21:25FOR. AND THAT PLAN IS OUT IN

21:27YEAR TWO TO WHENEVER IN THE

21:29FUTURE. AND SO THAT IS THE

21:33DISTINCTION THAT WE'RE THAT,

21:34THAT THE, THAT STATE BUDGET LAW

21:37INTENDS AND THAT WE ARE MAKING

21:39CHANGES TO FOLLOW.

21:40>> SHORT TERM WITH QUICK

21:42ADAPTABILITY. AND THEN THE

21:43OTHER ONE IS A LITTLE BIT MORE

21:44CLARITY ON A LONG TERM

21:46EXPANSION.

21:46>> EXACTLY.

21:47>> I JUST REPETITION IS KEY TO

21:48LEARNING. AND I THINK SEEING IT

21:50SO CLEARLY TODAY IS HELPFUL.

21:51>> YEAH, YEAH. I MEAN, THE, THE

21:53EASY EXAMPLE, RIGHT, IS YOU

21:54HAVE A POT OF MONEY FOR IF YOUR

21:56CAR BREAKS DOWN THIS YEAR, AND

21:58THEN YOU HAVE ANOTHER POT OF

21:59MONEY THAT YOU'RE SAVING FOR,

22:00FOR WHEN YOU NEED TO REPLACE

22:02YOUR CAR IN THE FUTURE. AND

22:03THOSE ARE TWO DIFFERENT THINGS.

22:05>> THANKS.

22:05>> YEAH. OKAY. JUST GOING TO

22:09KEEP GOING THROUGH THE EXHIBIT.

22:11SO I WENT THROUGH 1 TO 3.

22:13EXHIBIT FOUR FOCUSES JUST ON

22:15THE GENERAL FUND, AND IT

22:17HIGHLIGHTS SPECIFIC DECISION

22:19PACKAGES AND BUREAUS BY THE

22:22TYPE OF CHANGE THAT IS

22:24OCCURRING. AND THEN EXHIBIT

22:26FIVE CONTAINS ALL OF THE DETAIL

22:28ON ALL OF THE DECISION PACKAGES.

22:31SO IF YOU SCROLL DOWN, IT'S 300

22:33PAGES. IT'S GREAT READING. THE

22:36DECISION PACKAGE DESCRIPTION IS

22:40INCLUDED FOR EACH OF THE

22:41CHANGES THAT'S THAT'S INCLUDED

22:43HERE. SO THERE IS A WAY TO WALK

22:45FROM THE BIG NUMBERS YOU SEE

22:47DOWN TO THE THE MINUTE I WILL

22:50ACKNOWLEDGE THAT IT PROBABLY

22:51NEEDS TO BE A LITTLE IMPROVED

22:52FOR FOR CLARITY AND USE, BUT

22:56THAT IS THAT IS THE INTENTION

22:58FROM EXHIBITS 1 TO 5 IS THAT

23:01YOU CAN WALK ALL THE WAY FROM

23:03THE APPROPRIATION CHANGE DOWN

23:04TO THE DESCRIPTION OF WHAT'S

23:05CHANGING, AND THEN EXHIBIT SIX

23:09IS SPECIFIC TO FTE CHANGES. WE

23:12ADDED IN A COLUMN HERE FOR WHAT

23:13HAPPENED IN THE JULY

23:15SUPPLEMENTAL BUDGET THAT

23:17COUNCIL ADOPTED, AND THEN

23:19EXHIBIT SEVEN. OOPS, SORRY IS.

23:25SPECIFIC TO PROVIDING DIRECTION

23:28FOR 2728 BUDGET DEVELOPMENT. SO

23:30AS A REMINDER, SUPPLEMENTAL

23:33BUDGET ONLY CHANGES

23:35APPROPRIATION FOR THE FISCAL

23:36YEAR THAT WE ARE IN. SO IT ONLY

23:38CHANGES APPROPRIATION FOR

23:39FISCAL YEAR 2627. THE WAY THAT

23:42THE FALL TIES TO NEXT BUDGET

23:46DEVELOPMENT IS THROUGH THIS

23:48EXHIBIT. ESSENTIALLY, IT'S

23:49TELLING THE CITY BUDGET OFFICE

23:52TO ASSUME THESE CHANGES IN

23:54ONGOING EXPENDITURES IN THE

23:56BASE BUDGET FOR THESE BUREAUS,

23:58AND IN THIS CASE, THE MAJORITY

24:01OF THESE ARE RELATED TO THE

24:03CORE SERVICES REALIGNMENT

24:05IMPLEMENTATION PACKAGES THAT

24:06ARE INCLUDED IN THE FALL TOWN

24:09WHERE WE'RE SORT OF

24:12IMPLEMENTING THE INTENTION OF

24:13WHAT WAS ADOPTED IN 2627. BUT

24:16THERE WAS SOME ADDITIONAL

24:18CHANGES THAT NEEDED TO BE MADE

24:19TO FULLY IMPLEMENT THAT. THIS

24:23MOVES THE FUNDING FROM THOSE

24:26DIFFERENT BUREAUS. WE MOVE

24:28FUNDING BETWEEN BUREAUS IN THE

24:29FALL TOWN ITSELF. AND THEN THIS

24:31EXHIBIT SAYS, ALSO ASSUME THAT

24:33IN THE BASE BUDGETS AS YOU'RE

24:35DEVELOPING THEM, IT REALLY JUST

24:37IS A FOR LIKE EFFICIENCY, IT

24:39COULD BE DONE A DIFFERENT WAY

24:41IN THE BUDGET DEVELOPMENT. BUT

24:43THIS JUST STARTS FROM IF

24:46COUNCIL APPROVES IT IN THE FALL,

24:48IT ALLOWS US TO START WITH THAT

24:50ASSUMPTION, MOVING INTO THE

24:51BUDGET SO THAT WE DON'T HAVE TO

24:52MANUALLY KIND OF ENTER THEM IS

24:54REALLY ALL IT DOES. SO THAT IS,

24:58THOSE ARE ALL THE EXHIBITS FOR

24:59THE FALL TORE. I WANT TO TALK

25:01QUICKLY IF IT'S OKAY ABOUT THE

25:05TECHNICAL AMENDMENT. IS THAT IS

25:07THIS AN OKAY TIME? OKAY. THANK

25:09YOU. THANKS. SO AS CHAIR KANAL

25:13MENTIONED, THIS WAS AN ERROR

25:14THAT WE DISCOVERED THIS WEEK.

25:17UNFORTUNATELY, AS WE WERE

25:18REVIEWING AGAIN THROUGH THE

25:19EXHIBITS. WE NOTICED THE

25:23NEGATIVE APPROPRIATION IN THE

25:26TRANSPORTATION FUND. WE SHOULD

25:28HAVE NOTICED IT BEFORE WE FILED,

25:29BUT WE WERE WE WERE RUNNING

25:32SHORT ON TIME. AND SO WE. BUT

25:36WE. AND LEGALLY WE CANNOT HAVE

25:38A NEGATIVE APPROPRIATION, SO

25:40COUNCIL CAN'T. ADOPT THE

25:43SUPPLEMENTAL BUDGET WITHOUT

25:45MAKING THIS AMENDMENT.

25:46ESSENTIALLY, IT WOULD BE WE

25:47WOULD RUN AFOUL OF STATE BUDGET

25:48LAW. AND SO THIS CORRECTS THAT

25:52BY MOVING 20 ABOUT 25 MILLION

25:55SORT OF. IT WAS MOVED OUT OF

25:58CONTINGENCY INTO RESERVE FOR

25:58FUTURE EXPENDITURE. 93 MILLION

26:01WAS MOVED OUT OF CONTINGENCY

26:02INTO RESERVE FOR FUTURE

26:03EXPENDITURE IN THE

26:04TRANSPORTATION FUND. THIS

26:06ESSENTIALLY UNDOES A PORTION OF

26:08THAT AND SAYS, PUT IT BACK INTO

26:10CONTINGENCY IN THE AMOUNT OF 25

26:12MILLION. SO THAT'S WHAT THIS

26:14TABLE DOWN HERE SHOWS YOU. THE

26:19AGAIN, THE REASON FOR IT WAS

26:22SORT OF A MISCOMMUNICATION. AND

26:24THERE WERE SORT OF NOT

26:27CONFLICTING PACKAGES, BUT TWO

26:29MOVES THAT WHEN YOU ADDED THEM

26:30TOGETHER, CAUSED THE NEGATIVE

26:32NUMBER. AND SO WE HAVE TO UNDO

26:33THAT NEGATIVE NUMBER, SORT OF

26:37AN HONEST MISTAKE. SOMEBODY WAS

26:39OUT AND WE DIDN'T CATCH IT IN

26:41TIME. SO WE'RE CATCHING IT NOW.

26:45AND YEAH, HAPPY TO ANSWER

26:47QUESTIONS ON THAT.

26:48>> ALL RIGHT. SO WHAT WE'RE

26:49GOING TO DO IS DO TECHNICAL

26:51QUESTIONS ON THIS ONE. THEN GO

26:52INTO THE NEXT TWO PIECES

26:55SEQUENTIALLY AND DO TECHNICAL

26:56QUESTIONS ON EACH. SO I GUESS

27:00WE'LL JUST OPEN THE QUEUE FOR

27:01THAT COUNCILOR SMITH.

27:06>> THANK YOU. DIRECTOR LEVINE,

27:07COULD YOU TELL ME WHAT THE $25

27:09MILLION IS FOR IN CONTINGENCY?

27:12>> YEAH. JEREMY, DO YOU WANT TO

27:14COME UP AND ANSWER THAT?

27:20>> GOOD MORNING, JEREMY PAN.

27:21WITH PUBLIC WORKS, I CAN DETAIL

27:23OF ALL THE CONTINGENCY ACCOUNTS

27:24IN THERE. THE 25 MILLION IS

27:26BASICALLY JUST ENOUGH MONEY, I

27:27THINK, TO MOVE FROM THE RESERVE

27:29BACK TO CONTINGENCY. SO IT NETS

27:30OUT AT MORE THAN ZERO IN

27:32CONTINGENCY. SO IT'S THERE'S A

27:34NUMBER OF ACCOUNTS THAT TOTAL

27:35THE TOTAL CONTINGENCY. IT'S

27:36PROBABLY EASIEST IF I JUST

27:38PROVIDE YOU THAT BREAKOUT OF

27:39ALL CONTINGENCY ACCOUNTS.

27:40>> I'M NOT SURE I UNDERSTAND

27:41WHAT YOU'RE SAYING.

27:42>> THERE WAS TOO MUCH WAS MOVED

27:44OUT OF CONTINGENCY INTO RESERVE

27:46FOR FUTURE EXPENDITURES WHICH

27:48MADE CONTINGENCY GO NEGATIVE.

27:50THIS ACTION IS JUST MOVING THAT

27:51BACK INTO CONTINGENCY. SO IT'S

27:53THERE'S NOTHING SPECIFIC IN

27:54THAT. 25 IT IS A NUMBER OF

27:56THINGS THAT TOTAL.

27:57>> THAT COULD FLOW.

27:58>> YEAH.

27:59>> BUT NOT FOR SURE. WE DON'T.

28:01>> HAVE FOR SURE THINGS.

28:02THEY'RE JUST NOT IDENTIFIED AS

28:03SPECIFIC PIECES. SO THERE'S 80

28:06MILLION IN CONTINGENCY OR SO.

28:07AND IT'S JUST WE'RE NOT WE'RE

28:09NOT SPECIFYING WHICH OF THAT 25

28:10WAS MOVING. BUT I CAN I CAN

28:12GIVE YOU THE DETAILS.

28:13>> SO SO WE HAVE $80 MILLION.

28:15CONTINGENCY IS SUPPOSED TO BE

28:16USED WITHIN THE FISCAL YEAR

28:17THAT IT IS STATED FOR. FROM A

28:19TECHNICAL STANDPOINT, YOU HAVE

28:22MONEY AND CONTINGENCY THAT'S

28:23BEEN THERE LONGER THAN THE

28:25FISCAL YEAR.

28:27>> CORRECT.

28:28>> SO THAT IS OUT OF ORDER.

28:30CORRECT. IT SHOULD BE IN SOME

28:32SORT OF FUND IN RESERVE. IT

28:35SHOULDN'T BE IN CONTINGENCY.

28:36CORRECT.

28:37>> THAT'S WHAT THIS ACTION WAS

28:38DOING, WAS MOVING THOSE

28:39CONTINGENCY FUNDS TO RESERVES.

28:40THAT WAS JUST TOO MUCH WAS

28:42MOVED AT THAT.

28:43>> BUT WHAT I'M TRYING TO

28:44UNDERSTAND IS WHAT DOES THAT

28:47$25 MILLION MAKE UP FOR? WHAT

28:49IS IT AND WHAT IS IT GOING TO

28:51BE USED FOR IN THIS FISCAL YEAR?

28:54>> I CAN.

28:55>> GIVE YOU THE TECHNICAL PIECE.

28:56THAT'S THAT IS THE PIECE.

28:59>> IT'S A NUMBER OF PIECES.

29:00IT'S A LOT OF CAPITAL PROJECT

29:03CONTINGENCIES THAT ARE IN THERE.

29:04I HAVE THE ENTIRE LIST. I CAN I

29:06CAN SHARE WITH YOU.

29:07>> SO THIS HERE'S MY CONCERN

29:09AND I'VE ALREADY ADDRESSED THIS

29:10WITH CA LEE. I NEED TO

29:11UNDERSTAND THE HUNDREDS OF

29:12MILLIONS OF DOLLARS THAT ARE IN

29:13PBOT RESERVE FUNDS AND

29:17CONTINGENCY FUNDS. WHAT ARE

29:18THEY FOR? WHO PUT THEM IN THERE,

29:19WHAT YEAR THEY PUT THEM IN

29:21THERE. AND I WOULD LIKE TO

29:22REQUEST A REPORT GIVEN BACK TO

29:24THIS COMMITTEE THAT WILL TELL

29:26US THAT, BECAUSE I'M NOT GOING

29:27TO WAIT FOR AN AUDIT, BECAUSE

29:29THIS HAS BEEN GOING ON FOR

29:30YEARS AND YEARS AND YEARS,

29:31BECAUSE THERE'S MONEY IN THAT

29:32RESERVE ACCOUNT THAT WAS PUT

29:34THERE FROM PRIOR COUNCILS THAT

29:36WE DON'T EVEN KNOW ABOUT. AND

29:37THERE SHOULD BE AN ACTIVE LIST,

29:40A RUNNING LIST OF WHAT IS THAT

29:41MONEY USED FOR.

29:44>> ONE THING, AND I THINK, YOU

29:45KNOW, THIS MAY NOT GET TO ALL

29:47OF THE DEPTH OF YOUR QUESTION,

29:49BUT WE DID PROVIDE EARLIER THIS

29:53WEEK, WE SENT COUNSEL,

29:57ADDITIONAL SPREADSHEETS THAT

29:58HAVE A LOT MORE DETAIL ON THE

29:59THINGS IN THE TAO. ONE OF THEM

30:01IS A LIST OF CITYWIDE, ALL

30:04RESERVES AND CONTINGENCY

30:06ACCOUNTS DOWN TO EVERY KIND OF

30:08FUND LIKE SUB FUND LEVEL, ALL

30:10THE DETAILED PIECES THAT JEREMY

30:12MENTIONED. AND SO IT DOES HAVE

30:13THAT FOR PBOT IN THAT

30:16SPREADSHEET. AND I'M HAPPY TO

30:17WORK WITH YOU AND YOUR TEAM ON

30:19KIND OF GOING THROUGH THAT. BUT

30:20THAT WAS THAT LIST IS INTENDED

30:23TO, TO, TO DO THAT. AND WE'RE

30:25PLANNING TO PUBLISH THOSE IN

30:26BUDGET BOOKS MOVING FORWARD SO

30:28THAT IT IS PUBLICLY AVAILABLE

30:29AND PEOPLE CAN SEE WHAT THEY'RE

30:31ALL FOR.

30:31>> BUT FROM A TECHNICAL

30:32STANDPOINT, YOU CAN PUT $100

30:34MILLION IN SOMETHING AND SAY,

30:35OH, WE'RE GOING TO USE THIS FOR

30:37STREETS, BUT YOU HAVE NO

30:39INTENTION ON USING IT FOR

30:40STREETS. IT'S BEEN SITTING

30:41THERE FOR FIVE, TEN, 15 YEARS.

30:45AND SO TO JUST TELL ME THAT

30:47YOU'RE GOING TO SUBSET IT FROM

30:49A TECHNICAL STANDPOINT, IT

30:51DOESN'T DO A LOT FOR ME. I NEED

30:52TO KNOW EVERY PENNY. WHEN IS IT

30:54EXPECTED TO BE USED. AND THAT'S

30:56WHAT WE'RE NOT GETTING. YOU'RE

30:57TELLING US THAT FROM A

31:00TECHNICAL STANDPOINT THAT WE'RE

31:01SUPPOSED TO HAVE MONEY IN

31:03RESERVES, BUT WE SHOULD HAVE A

31:04DATE IN WHICH THEY'RE SUPPOSED

31:06TO BE USED BY AND WHEN WE'RE

31:08EXPECTED TO BE USED BY. I DON'T

31:09WANT YOU TO JUST GIVE ME A POT

31:12OF MONEY AND SAY, OH, THIS IS

31:13WHAT THIS IS FOR. WELL, WHEN IS

31:15IT SUPPOSED TO BE USED? SO

31:16THANK YOU VERY MUCH.

31:18>> CAN I, I THINK JUST OUT OF

31:21CURIOSITY, YOU COULD HAVE

31:22WRITTEN THIS IN SORT OF TWO

31:24WAYS, RIGHT? LIKE THE WAY THIS

31:25IS WRITTEN RIGHT NOW IS $93

31:27MILLION IS MOVING FROM

31:28CONTINGENCY TO RESERVE IN THE

31:29MAIN DOCUMENT. AND THEN THE

31:31AMENDMENT ADDS $25 MILLION

31:32GOING BACK THE OTHER WAY. BUT

31:34YOU COULD HAVE PROBABLY WRITTEN

31:35THAT AS AN AMENDMENT TO MAKE IT

31:38$68 MILLION GOING ONLY, RIGHT.

31:39BECAUSE THERE IS NO REAL $25

31:41MILLION COMING BACK. THE BUDGET

31:43OR THE AMOUNT THAT LIVES IN THE

31:46CONTINGENCY AFTER THIS IS GOING

31:47TO BE NEAR ZERO RIGHT. THIS IS

31:48JUST CHEWING IT UP TO CORRECT.

31:50>> YES.

31:51>> SO AFTER THIS AMENDMENT

31:52PASSES IT CONTINGENCY WILL

31:54PROBABLY HAVE LIKE A DOLLAR IN

31:55IT SOMEWHERE IN THAT BALLPARK.

31:57>> $1 MILLION. YEAH.

31:59>> OKAY. SO THAT THAT'S JUST, I

32:01THINK, HELPFUL CONTEXT BECAUSE

32:02THAT PARAGRAPH UP ABOVE TALKS

32:04ABOUT 93 GOING ONE WAY AND 25

32:05GOING RIGHT.

32:07>> YES. YEAH. SORRY. YES.

32:09>> YEAH. AND EITHER WAY IS FINE.

32:11AND YOU KNOW, I APPRECIATE THAT

32:14THAT CBO ALWAYS FINDS THE THE

32:17PROBLEM AND COMES TO US WITH

32:18THE SOLUTION AS WELL. I

32:19APPRECIATE THAT A LOT COUNCILOR

32:21RYAN YEAH.

32:22>> THANK YOU. COUNCILOR KANAL

32:24CHAIR KANAL, JUST TO FOLLOW UP,

32:26I THINK WHAT WE'RE GETTING AT

32:28THOUGH, IS WE WANT TO SEE THE

32:30TRANSPARENCY OF WHAT THAT LIST

32:30WOULD BE. SO WHEN WE'RE TOLD,

32:33AND I BELIEVE YOU, THAT THERE'S

32:35A RESERVE LIST FOR SPECIFIC

32:37PROJECTS AND CAPITAL NEEDS,

32:39THIS COUNCIL JUST WANTS TO SEE

32:41WHAT THOSE ARE. AND ESPECIALLY

32:43WHEN THE COUNCIL HAS BEEN

32:44FIGHTING REALLY HARD FOR

32:45INFRASTRUCTURE OUT IN DISTRICT

32:46ONE FOR SIDEWALKS. I DIDN'T

32:48MEAN TO ASSUME WHAT SOME OF THE

32:50QUESTIONING WAS LEANING TOWARDS,

32:51BUT THAT'S THE KIND OF

32:53TRANSPARENCY THAT WE DESERVE

32:55WHEN THOSE DECISIONS ARE MADE

32:57AND WHEN WE DON'T KNOW, WHEN WE

32:59HEAR ANSWERS THAT ARE AMBIGUOUS,

33:02AT TIMES IT JUST MAKES US DOUBT.

33:04SO THAT'S ALL. AND I KNOW

33:05YOU'RE WORKING HARD AND I KNOW

33:07YOU HAVE THAT LIST AND IT'S NOT

33:09IN YOUR FINGERTIPS.

33:10>> SO YEAH, NO, I THANK YOU FOR

33:11THAT. YEAH. I JUST WANT TO BE

33:13CLEAR. WE DID SHARE IT. SO IT

33:15IS THERE. IT IS AVAILABLE TO

33:16ALL OF THE COUNCILORS. IT IS

33:18NOT IN THIS DOCUMENT BECAUSE

33:19IT'S TOO LARGE. AND WE CAN'T

33:21ATTACH EXCEL FILES AS EXHIBITS.

33:25SO WE SENT IT AS A SUPPLEMENTAL

33:26DOCUMENT TO COUNCILORS. BUT IT

33:29IS IN YOUR INBOXES, AND I'M

33:31HAPPY TO HELP AND WALK THROUGH

33:32IT WITH FOLKS. YEAH.

33:35>> THAT'S FAIR. THANK YOU SO

33:36MUCH. SURE. YEAH.

33:37>> AND JUST TO CLARIFY, THAT'S

33:39THE EMAIL WE GOT YESTERDAY

33:40MORNING AT 1009.

33:42>> FROM YOU IN THAT EMAIL, IF

33:44YOU SCROLL DOWN, THERE IS A

33:45LINK TO A FOLDER BECAUSE

33:47THEY'RE TOO LARGE TO SEND BY

33:48EMAIL. AND IN THERE THERE'S

33:51THAT EMAIL DETAILS. ALL OF THE

33:53ADDITIONAL FOLLOW UP. THERE ARE

33:54MULTIPLE SPREADSHEETS THAT

33:56PROVIDE ADDITIONAL INFORMATION.

33:58YES.

34:00>> ALL RIGHT. COUNCILOR SMITH,

34:02ARE YOU BACK IN THE QUEUE? OKAY,

34:03THEN LET'S MOVE ON AND TALK

34:05ABOUT THE THE NEXT TWO ITEMS,

34:07PLEASE.

34:08>> GREAT. SO I BELIEVE THE NEXT

34:12ONE IN LINE IS THE BUDGET

34:15CALENDAR RESOLUTION. SO I WILL

34:18JUST PULL UP THAT EXHIBIT. AND

34:22THIS HAS NOT CHANGED SINCE THE

34:25CONVERSATION WE HAD LAST WEEK.

34:31AND I DON'T KNOW, I COUNCILOR

34:36DUNPHY'S THE CO-SPONSOR ON THIS.

34:39SO FEEL FREE TO TO JUMP IN IF

34:41YOU HAVE ANYTHING TO ADD HERE.

34:42BUT THIS IS LAID OUT, AGAIN, I

34:46THINK THE KIND OF PREAMBLE HERE

34:49IS IT'S THE BEST PRACTICE TO

34:52SET THE BUDGET CALENDAR SORT OF

34:54IN THE FALL, GOING INTO THE

34:56BUDGET PROCESS FOR THE

34:57SUBSEQUENT FISCAL YEAR. BUT IT

35:00IS NOT SORT OF BINDING. IT'S A

35:02RESOLUTION. IT CAN CHANGE, AND

35:06WE WILL CONTINUE TO WORK WITH

35:08WITH COUNCIL PRESIDENT AND AND

35:11AND THE COMMITTEE OF THE WHOLE

35:14ON AND ANY CHANGES THAT ARE

35:15NEEDED AS WE GO THROUGH THIS.

35:21KIND OF A FEW THINGS TO

35:22HIGHLIGHT AS REMINDERS THAT I

35:23TALKED ABOUT LAST WEEK. THE

35:26FIRST LINE IS EARLIER WORK

35:29SESSIONS STARTING AT THE END OF

35:31JANUARY. THOSE WOULD BE THE

35:32SORT OF WHAT I CALL THE BASE

35:35BUDGET INFORMATION, KIND OF

35:36WHAT IF NOTHING CHANGED? WHAT

35:38IS THIS BUREAU DO? HOW IS HOW

35:39IS THAT PAID FOR THAT KIND OF

35:42INFORMATION? IT HAS A A BUDGET

35:46REPORT IN FEBRUARY. AND IT HAS

35:52EARLIER BUDGET PRIORITIES

35:55TRANSMITTED TO THE MAYOR AS A

35:57WORK SESSION IN EARLY MARCH.

36:00AND THEN THE SPRING TAO IS AT

36:03THE SAME TIME AS LAST YEAR. AND

36:06THEN THE MAYOR'S PROPOSAL HAS.

36:07THE MAYOR'S PROPOSED COMING OUT

36:09ON TUESDAY, APRIL 20TH,

36:10FOLLOWED BY THE COMMITTEE

36:13HEARING ON APRIL 22ND. I

36:15RECOGNIZE THERE WAS SOME

36:16CONVERSATION ABOUT THAT APRIL

36:1722ND DATE LAST WEEK. THIS WAS

36:21FILED TEN DAYS AGO. AND THEN IT

36:25GOES INTO BUDGET COMMITTEE WORK

36:27SESSIONS AFTER THE PROPOSED IS

36:31RELEASED, FOLLOWED BY THE

36:35APPROVED HEARING, WHICH WOULD

36:36TAKE PLACE ON SIMILAR DATES AS

36:38LAST YEAR, MAY 17TH THROUGH

36:4119TH AND WHOOPS, SORRY. AND THE

36:44ADOPTED LIKEWISE AT SIMILAR

36:46DATES ON SIMILAR DATES AS LAST

36:48YEAR. THAT'S REALLY ALL THIS

36:53RESOLUTION DOES.

36:56>> MR. PRESIDENT.

36:57>> DUFFY YEAH THANK YOU. I JUST

36:58WANTED TO JUMP IN AND JUST

37:00REITERATE THAT THIS IS A 990%

37:03OF THE BUDGET CALENDAR IS BASED

37:05OFF OF WHAT WE'VE ALREADY DONE

37:06THE LAST TWO YEARS, AND THE

37:07DIRECT FEEDBACK THAT I'VE HEARD

37:09FROM YOU ALL ABOUT EITHER THIS

37:10DIDN'T WORK FOR US OR WE, YOU

37:12KNOW, WE NEED MORE TIME ON

37:13THESE THINGS. ADDITIONALLY,

37:14THIS IS NOT A DOCUMENT THAT I

37:16PERSONALLY CREATED. THIS IS

37:17SOMETHING THAT MY TEAM WORKED

37:18WITH THE BUDGET OFFICE AND THE

37:20ADMINISTRATION TO CREATE. AND

37:21THE LAST THING I WILL SAY IS

37:22THAT THIS IS INTENDED VERY

37:24EXPLICITLY TO BE AN ITERATIVE,

37:26CHANGEABLE DOCUMENT, BUT WE

37:27WANTED TO GIVE SOME BASIC

37:29ASSURANCE OF TIMELINESS OF WHAT

37:30COMES NEXT TO THE

37:32ADMINISTRATION AND TO ALL THE

37:33STAFF AT THE BUDGET OFFICE, AND

37:35TO SET THE PUBLIC'S

37:36EXPECTATIONS OF ROUGHLY WHAT

37:37COULD HAPPEN NOW IF SOME OF

37:39THESE THINGS CHANGE AROUND A

37:41LITTLE BIT, IF THE MAYOR'S

37:42PROPOSED DECIDES TO COME OUT

37:43EARLY, IF WHATEVER, IF THE NEXT

37:45COUNCIL PRESIDENT DECIDES THAT

37:46ACTUALLY THE MAYOR NEEDS A

37:48COUPLE OF EXTRA DAYS, THAT IS

37:49NOT UP. THIS IS NOT SET IN

37:51STONE, BUT I DEFINITELY WANTED

37:53TO GIVE SOME ASSURANCE TO OUR

37:55STAFF AS THEY ARE STARTING TO

37:57DO THE HARD WORK NOW FOR US TO

37:59BE READY TO DO OUR HARD WORK

38:00STARTING IN JANUARY. SO THANK

38:02YOU.

38:05>> THANK YOU. I GUESS WE'LL

38:06JUST GO TO THE QUEUE. SO

38:08COUNCILOR GREEN FOLLOWED BY

38:09PIRTLE-GUINEY.

38:09>> THANK YOU, CHAIR KANAL.

38:10THANKS AGAIN FOR PUTTING THIS

38:12TOGETHER. I JUST WANT TO NOTE

38:14AGAIN THAT I THINK I THINK

38:16THERE'S SOME HOLIDAYS FOR SOME

38:19FOLKS THAT WOULD IMPACT THIS. I

38:20THINK APRIL 22ND IS PROBABLY A

38:22PROBLEM. SO IF WE CAN, WE CAN

38:24SHIFT THAT.

38:25>> THERE ARE A COUPLE OF THINGS

38:26THAT WE SPECIFICALLY LOOKED AT

38:28THAT IS ONE IN PARTICULAR, I'M

38:31PROBABLY AT THIS POINT GOING TO

38:32LEAVE THAT UP TO THE NEXT

38:34COUNCIL PRESIDENT TO FIGURE OUT,

38:35BECAUSE I DON'T TRULY

38:36UNDERSTAND THE NUANCE OF A LOT

38:38OF THOSE HOLIDAYS. AND WE'VE

38:39GOT A ROUGH OUTLINE AT THIS

38:40POINT. BUT YEAH.

38:44>> THANKS.

38:45>> THANKS, COUNCILOR GREEN,

38:46COUNCILOR PIRTLE-GUINEY, THEN

38:47MYSELF.

38:48>> THANK YOU, CHAIR. THANK YOU,

38:50COUNCILOR GREEN FOR RAISING

38:51THAT ISSUE. I WILL BE ASKING

38:54THE NEXT COUNCIL PRESIDENT IF

38:56THERE'S ANY WAY WE CAN MOVE

38:57THAT ALL DAY DATE. I DON'T KNOW

38:59IF WE HAVE A SIGNIFICANT NUMBER

39:02OF STAFF WHO ARE AFFECTED BY

39:03THAT, BUT I KNOW THAT SOMETIMES

39:05IT'S HARD TO COME FORWARD AND

39:06SAY THAT THAT MATTERS. AND SO

39:08WE HAVE TO DO THAT WORK. I WILL

39:12LIKELY BE VOTING NO ON THIS

39:13TODAY, JUST TO PUT A MARKER OUT

39:15THERE THAT THERE IS A CHANGE

39:16THAT'S NEEDED. BUT I DO HAVE A

39:18QUESTION ABOUT EXHIBIT B.

39:20EXHIBIT B LOOKS LIKE WE ARE RE

39:24ADOPTING OUR COMMITTEE

39:26STRUCTURE IN ORDER TO, I ASSUME,

39:31ADOPT THE TIMES WHEN WE'LL HAVE

39:33BREAKS IN OUR COMMITTEE WORK TO

39:35ALIGN WITH THE BUDGET WORK. BUT

39:37I WANTED TO GIVE THE COUNCIL

39:38PRESIDENT AN OPPORTUNITY TO

39:40SPEAK TO THIS DOCUMENT, AND

39:42WHETHER THAT IS THE REASON IT'S

39:43BEFORE US, OR WHETHER THERE IS

39:44ANOTHER REASON THAT WE HAVE

39:45EXHIBIT B AS WELL.

39:47>> I BELIEVE YOU'RE EXACTLY

39:48RIGHT THAT THAT THAT IF WE ARE

39:50TRYING TO GIVE SOME ASSURANCE

39:52TO THE STAFF, BOTH IN THE

39:53BUDGET OFFICE BUT ALSO TO THE

39:55CLERK'S OFFICE AND TO COUNCIL

39:56OPERATIONS, WE NEEDED SOMETHING

39:58TO BASE THAT OFF OF TO OF A

40:00ROUGH CALENDAR. NOW, IT IS

40:02ABSOLUTELY THE RIGHT OF THE

40:03NEXT COUNCIL PRESIDENT TO, TO

40:05UPEND THE APPLECART AND, AND

40:07RETHINK HOW WE ARE DOING OUR

40:09COMMITTEES. I, I HAVEN'T HEARD

40:11ANYTHING SPECIFIC FROM ANYBODY

40:12ABOUT REAL MEANINGFUL, YOU KNOW,

40:14MAJOR REFORM TO IT. BUT AGAIN,

40:17YEAH, THIS IS A OUR ATTEMPT TO

40:19TRY TO GIVE SOME, SOME

40:21STRUCTURE AND, AND BE ABLE TO,

40:24TO FIT OUR, THE AMOUNT OF TIME

40:26WE NEED AND STILL ALSO HAVE A

40:28PLAN FOR THE LEGISLATIVE

40:29PROCESS TO MOVE FORWARD.

40:30>> SO DOES THIS DOCUMENT

40:31REFLECT STATUS QUO IN TERMS OF

40:34COMMITTEE SCHEDULES, IN TERMS

40:36OF RECESSES AND IN TERMS OF

40:38TREATING A COMMITTEE BREAK

40:39AROUND THE BUDGET WORK ROUGHLY

40:43THE WAY THAT YOU CHOSE TO TREAT

40:44IT IN THIS PAST YEAR?

40:46>> ABSOLUTELY, YES. THIS IS A

40:47REFLECTION OF THE CURRENT

40:48STATUS QUO. AND NO, NO NEW

40:50RECESSES, NO NEW CHANGES, NO

40:51NEW COMMITTEES, NO TIMES,

40:52NOTHING, NOTHING FANCY. JUST

40:53WHAT WE'RE DOING RIGHT NOW.

40:55>> OKAY. THANK YOU FOR THAT

40:56CLARIFICATION. I THINK IT'S

40:57IMPORTANT FOR FOLKS TO KNOW

40:58WHAT'S IN THERE.

40:59>> ABSOLUTELY.

41:00>> I'M NEXT IN THE QUEUE,

41:02FOLLOWED BY COUNCILOR NOVICK.

41:04SO FOR I HAD SIMILAR QUESTIONS

41:06TO TO COUNCILOR PIRTLE-GUINEY.

41:08I'LL I'LL SAY IT MAY MAKE SENSE

41:10AND I MAY BE INTERESTED IN

41:11DOING THIS AT FULL COUNCIL TO

41:13JUST NOTE THE BLOCKS OF TIME AS

41:15OPPOSED TO THE SPECIFIC

41:17COMMITTEES THAT ARE HELD FOR

41:18COMMITTEE TIME, BUT NOT

41:20NECESSARILY WORTH GETTING INTO

41:22RIGHT THIS SECOND IN EXHIBIT B,

41:24I DID WANT TO JUST ASK TWO

41:26QUESTIONS ABOUT EXHIBIT B. ONE

41:27IS THE WEDNESDAY, NOVEMBER 10TH

41:29THING IS WHAT WE JUST DID FOR

41:31THIS YEAR, RIGHT? WITH RELATION

41:32TO VETERANS DAY BEING A HOLIDAY.

41:34AND SO WE HAVE TO. OKAY. THANK

41:36YOU FOR THAT. AND THEN FOR

41:37COMMITTEE SUSPENDED, YOUR

41:39INTENTION IS THAT THAT INCLUDES

41:40ALL COMMITTEES, RIGHT? NOT JUST

41:41THE TUESDAY ONES.

41:43>> YES.

41:44>> OKAY. THANKS FOR GETTING

41:45THAT ON THE RECORD WITH

41:46RELATION TO EXHIBIT A, I JUST

41:48WANTED TO NOTE, COLLEAGUES,

41:49THAT NEXT WEEK WE HAVE A

41:52WORKGROUP REPORT BACK IN THIS

41:53COMMITTEE ON THE COUNCIL

41:55PRESIDENT, COUNCIL LEADERSHIP

41:56ELECTION PROCESS THAT MAY

41:58AFFECT THE FIRST COUPLE LINES

42:00OF THIS IN TERMS OF. THERE HAVE

42:02BEEN SOME IDEAS PROPOSED. SO

42:04JUST BE READY FOR A

42:05CONVERSATION THAT MIGHT CAPTURE

42:07THE TIMING OF THAT. BUT I THINK

42:09IN TERMS OF AT LEAST AS A

42:11STARTING POINT, LOCKING IN

42:12STATUS QUO, THAT THAT DOES MAKE

42:13SENSE TO DO. I WANTED TO SAY

42:17THANKS FOR INCLUDING TWO DAYS

42:19ON THE ADOPTED BUDGET AS WELL,

42:21WHICH IS THE BEGINNING OF THE

42:22THE SECOND PAGE OF THAT ALSO.

42:30YEAH, I THINK THAT'S EVERYTHING

42:31THAT WASN'T ALREADY RAISED.

42:33COUNCILOR. NOVICK.

42:35>> THANK YOU, MR. CHAIR. I JUST

42:36HAVE TO MENTION THAT. COUNCILOR.

42:38PIRTLE-GUINEY. AND I DISCUSSED

42:39THE POSSIBILITY OF COMBINING A

42:40BUDGET DISCUSSION WITH THE

42:41LANGUAGE OF THE PASSOVER

42:42SERVICE, AND SHE CAME UP WITH

42:43SOME ABSOLUTELY HILARIOUS

42:44LANGUAGE THAT I SUGGESTED.

42:45ANYBODY WHO KNOWS THE PASSOVER

42:47SERVICE SHOULD ASK HER FOR,

42:49INCLUDING IN ALL OTHER YEARS WE

42:50DIP INTO ONLY ONE RESERVE. WHY

42:52THIS YEAR DO WE DIP INTO TWO

42:53RESERVES?

42:56>> THANK YOU. COUNCILOR. NOVICK.

42:58COUNCILOR. RYAN YOU'RE NEXT.

42:59>> YEAH THANK YOU CHAIR KANAL.

43:01IT'S WONDERFUL TO FOLLOW YOU.

43:02COUNCILOR. NOVICK. ON THAT NOTE,

43:06WHY ARE WE JUST CAN WE JUST

43:09MOVE THE DATE TO FRIDAY THE

43:1123RD OR MONDAY THE 26TH? SO WE

43:15DON'T HAVE THIS ASTERISK LIKE

43:19DANCING AROUND PASSOVER SEDER.

43:22SO I KNOW FRIDAYS WOULD STILL

43:24BE A TIME WHERE PEOPLE ARE

43:25TRAVELING, AND FRIDAYS AREN'T

43:27THE DAY THAT MOST PEOPLE WANT

43:28TO BE HERE IN A, IN A. AND THEN

43:31WHAT ABOUT MONDAY THE 26TH? I

43:32JUST DON'T UNDERSTAND WHY WE

43:33HAVEN'T MADE THAT ADJUSTMENT,

43:35BECAUSE WE HAD THIS

43:38CONVERSATION LAST TIME. DEAD

43:42SILENCE.

43:42>> I'M DEFINITELY OPEN TO IT.

43:44>> OKAY.

43:45>> YEAH, I THINK WE'VE GOT

43:47BETWEEN THIS MEETING THAT WE'RE

43:49IN NOW AND THE FULL COUNCIL TO

43:50DO THAT BEFORE IT PASSES. IF

43:52SOMEONE WANTS TO COME UP WITH

43:53AN AMENDMENT, I PROPOSE.

43:55>> THAT THAT YOUR OFFICE COMES

43:57WITH A PROPOSAL THAT CHANGES

43:59THE DATE TO EITHER THAT FRIDAY

44:00OR THAT MONDAY.

44:01>> SURE. HAPPY TO WORK ON THAT.

44:03>> AND THAT'S A MOTION. OKAY. I

44:05GUESS I THINK IT'S A

44:07CONVERSATION AND THAT YOU COULD

44:09MAKE THAT EDIT. CORRECT?

44:10>> YES, WE CAN. WE CAN WRITE IT

44:12UP AS A AS AN AMENDMENT AND

44:13SOMEBODY CAN PROPOSE IT ON THE

44:1622ND, WHICH IS THE NEXT TIME

44:17WE'RE HERE.

44:18>> THANKS. APPRECIATE IT.

44:19>> SURE.

44:20>> THANKS.

44:21>> THANK YOU, COUNCILOR RYAN.

44:22SEEING NO ONE ELSE IN THE QUEUE,

44:24WE'RE GOING TO MOVE ON TO THE

44:25THIRD ITEM. AND DIRECTOR LEVINE,

44:27PLEASE TAKE IT AWAY.

44:29>> GREAT. SO THIS ITEM IS THE

44:35THRUST OF THIS ITEM IS TO ADD A

44:40POLICY THAT ESTABLISHES A

44:42BUSINESS LICENSE TAX

44:44STABILIZATION RESERVE. THAT WAS

44:48THERE WAS A BUDGET NOTE THAT

44:49WAS ADOPTED IN THE CURRENT

44:51FISCAL YEAR'S BUDGET, DIRECTING

44:53OUR OFFICE IN THE CFO TO COME

44:55FORWARD WITH A PROPOSAL TO

44:57CREATE THIS RESERVE. IT WAS

44:59ORIGINALLY FUNDED IN THE

45:00ADOPTED BUDGET. IT. IT

45:03CURRENTLY HAS SOME FUNDING IN

45:04IT STILL. AND SOME OF IT WAS

45:08MOVED OUT IN THE JULY

45:09SUPPLEMENTAL. SO THIS CONTAINS

45:13THAT PROPOSAL. WE TALKED A BIT

45:15ABOUT IT LAST WEEK, AND CFO

45:18BIERY IS HERE TO ANSWER

45:20QUESTIONS ON THE SUBSTANCE OF

45:21IT. WHAT I ALSO. SO THIS IS THE

45:25SECTION. IT'S. IT WOULD BECOME

45:29CODE CHAPTER 5.90.040 40. AND

45:36THE. SO THIS OUTLINES THE. BOTH

45:41THE CONDITIONS ON THE. THE WAY

45:44IN WHICH THE RESERVE IS FUNDED,

45:46THE CONDITIONS UNDER WHICH.

45:48UNDER WHICH IT CAN BE DRAWN,

45:50AND THE DIRECTION FOR REFILLING

45:53IT IF IT IS DRAWN. THIS IS

45:57SITUATED WITHIN THE LARGER.

46:00WHAT HAS BEEN. FINANCE 2.03. WE

46:05GOT DIRECTION FROM THE CITY

46:07ATTORNEY THAT SOME OF THE FINS

46:09WILL NEED TO MIGRATE INTO CODE,

46:14AND FIN 2.03 IS ONE OF THOSE

46:17THAT NEEDS TO MIGRATE INTO CODE.

46:19AND SO THE RECOMMENDATION WAS

46:21TO FILE THIS AS A CODE

46:24PROVISION, A NEW CODE PROVISION

46:275.90 WITH THE NEW SECTION ON

46:29THE BELT STABILIZATION RESERVE

46:32SITUATED WITHIN IT. AND SO

46:35THAT'S WHY YOU SEE THIS AS A

46:36CODE ORDINANCE. IT PICKS UP.

46:38OTHER THAN THAT CHANGE AND SOME

46:39LIKE CLERICAL CHANGES TO ENSURE

46:42THAT THE LANGUAGE IS ALIGNED

46:43WITH THE CURRENT CHARTER, THE

46:485.9 REFLECTS WHAT IS CURRENTLY

46:50IN FIN 2.03. AND THEN IT ADDS

46:53THE BELT STABILIZATION RESERVE.

46:54SO THAT'S WHAT YOU SEE HERE.

46:56>> OKAY. BEFORE I OPEN THE Q, I

46:59FORGOT TO MENTION ONE THING UP

47:00TOP AT THE BEGINNING OF THIS

47:02MEETING, AND IT'S GOING TO BE A

47:03LITTLE AWKWARD HERE. TODAY IS

47:05THE GREAT OREGON SHAKEOUT,

47:06WHICH IS GOING TO HAPPEN IN

47:08THREE MINUTES OVER THE PA. SO

47:10TO AVOID TWO MINUTES, IT'S AN

47:12EARTHQUAKE DRILL. THERE'S GOING

47:14TO BE ANNOUNCEMENTS AND STUFF.

47:15SO WE'RE GOING TO TAKE A BREAK

47:17FOR THAT SO THAT IT'S NOT WE

47:18DON'T HAVE TO DO THAT. WE CAN

47:20DO WHATEVER. THERE'S NOT A

47:21DRILL IN CITY HALL. THE DRILL

47:23IS ACTUALLY IN PORTLAND

47:24BUILDING. WE DID ONE IN

47:25COMMITTEE LAST TIME. THANKS,

47:26CHAIR. NOVICK. SO WE'RE GOING

47:27TO TAKE A BREAK FOR FIVE SIX

47:29MINUTES AND THEN COME BACK.

47:31THIS IS NOT OUR ONLY BREAK

47:32TODAY. I JUST FORGOT TO MENTION

47:34IT UP AT THE TOP. SO WE'LL TAKE

47:35A RECESS. SEE YOU IN A FEW

47:37MINUTES, PEOPLE. WHAT TO DO? GO

47:39FOR IT.

58:13ALL RIGHT. WE'RE GOING

58:14TO COME BACK TO TO ORDER NOW. I

58:17HOPE EVERYBODY FEELS PREPARED.

58:21AND AND I HOPE EVERYONE FEELS

58:24PREPARED. LET'S LET'S GET BACK

58:26INTO IT. SO THANK YOU FOR WHERE

58:29WE LEFT OFF. DIRECTOR LEVINE

58:30JUST FINISHED EXPLAINING THE

58:32THIRD OF OUR THREE ITEMS TODAY

58:33ON THE FALL TOWEL. I'M GOING TO

58:35OPEN UP THE QUEUE AND ASK IF

58:37ANYONE HAS TECHNICAL QUESTIONS.

58:38COUNCILOR COUNCIL PRESIDENT.

58:39>> NOTHING. I JUST WANTED TO DO

58:41A TECHNICAL CLARIFICATION ABOUT

58:42TWO THINGS. ONE, THANK YOU,

58:43COUNCILOR PIRTLE-GUINEY, FOR

58:44POINTING OUT THAT THIS CALENDAR

58:46DOES NOT HAVE THE THANKSGIVING

58:47BREAK ON IT AS WELL. IT'S THE

58:48ONLY ONE THAT ISN'T THERE.

58:50THERE WAS A DISCUSSION AT ONE

58:51POINT ABOUT WHETHER IT WAS

58:52BUDGET RELATED AT ALL, BUT THEN

58:54THERE'S OTHER THINGS THAT ARE

58:55NOT REALLY BUDGET RELATED. SO

58:57WE'RE GOING TO PUT THAT BACK ON.

58:58I'M GOING TO INTRODUCE AN

58:59AMENDMENT THAT WILL PUT THAT

59:01BACK. ADDITIONALLY, WITH REGARD

59:02TO THE PASSOVER CONVERSATION,

59:03THERE WAS A CONVERSATION, AS I

59:05UNDERSTAND IT, BETWEEN MY STAFF

59:07WHO ARE CELEBRATE, CELEBRATE

59:11THE RIGHT WORD, RECOGNIZE,

59:12OBSERVE, THANK YOU. OBSERVE

59:14PASSOVER AS WELL AS THE BUDGET

59:15OFFICE ABOUT THE OBSERVATION OF

59:19SECOND SEDER VERSUS OTHER.

59:21ANYWAY, REGARDLESS OF WHAT IT

59:22IS, THERE WAS AN INTENTIONAL

59:24CONVERSATION AND I WILL BE

59:26INTRODUCING AN AMENDMENT TO

59:27CHANGE THAT DATE TO THE FRIDAY.

59:29IS THAT WILL THAT WORK?

59:32>> PASSOVER IS A COMPLICATED

59:34HOLIDAY, SO I UNDERSTAND HOW

59:36THIS HAPPENED. GENERALLY, THE

59:38FIRST TWO NIGHTS ARE OBSERVED,

59:39THE FIRST TWO DAYS FULLY. SOME

59:42PEOPLE OBSERVE, SOME PEOPLE DO.

59:43THE FIRST DAY AND THE FIRST TWO

59:45NIGHTS. I THINK THAT AS LONG AS

59:47THAT WORKS FOR ANY STAFF WHO

59:50OBSERVE THE HOLIDAY, IT

59:52CERTAINLY WOULD WORK FOR ME.

59:54FOR FOLKS IN THE PUBLIC WHO

59:56OBSERVE THE HOLIDAY AND MIGHT

59:59BE TRAVELING. I THINK AS LONG

1:00:00AS WE HAVE AN OPPORTUNITY FOR

1:00:02PEOPLE TO CALL IN TO PROVIDE

1:00:04TESTIMONY, THAT COULD WORK. SO

1:00:05I WOULD JUST SAY, LET'S MAKE

1:00:07SURE THAT ANY STAFF WHO OBSERVE

1:00:08THE HOLIDAY CAN MAKE THAT WORK

1:00:10WITH WITH THEIR PLANS.

1:00:12>> AND ANYONE WHO'S LISTENING

1:00:13TO THIS AND MIGHT HAVE CONCERNS,

1:00:14PLEASE REACH OUT, LET ME KNOW.

1:00:16I'LL HELP FIND A BETTER

1:00:17SOLUTION. SO THANK YOU VERY

1:00:18MUCH FOR RAISING THE ISSUE.

1:00:21>> THANK YOU, COUNCIL PRESIDENT.

1:00:22I'LL JUST OBSERVE WE'VE

1:00:23PROBABLY GOT SOME OTHER DATES

1:00:26TO AVOID TO NOT MOVE ON TO. SO,

1:00:28YOU KNOW, IT'LL TAKE A MINUTE

1:00:29TO FIGURE IT OUT, I'M SURE. AND

1:00:31I APPRECIATE THAT SCHEDULING IS

1:00:32DIFFICULT. ALL RIGHT. ANY

1:00:35QUESTIONS ON THIS ITEM? THIS IS

1:00:37THE THE THIRD ITEM, THE

1:00:39CREATION OF THE CODE GOVERNING

1:00:41THE THE RESERVE FUND. RESERVE

1:00:44FUND. OKAY. WELL, WITH THAT,

1:00:49THEN WE DO HAVE PUBLIC

1:00:50TESTIMONY. WE HAVE NOTED THAT

1:00:52THERE IS A TECHNICAL AMENDMENT

1:00:53THAT WILL BE INTRODUCED TODAY

1:00:54THAT THAT WAS EXPLAINED BY OUR

1:00:57OUR STAFF. AND THERE ARE OTHERS

1:00:59THAT HAVE BEEN FLOATED FOR

1:01:00EITHER LATER TODAY OR FUTURE

1:01:02CONVERSATIONS, MOST LIKELY AT

1:01:03THE FULL COUNCIL. SO IF THERE

1:01:05ARE ANY OTHER AMENDMENTS TO

1:01:07FLOAT, NOW WOULD BE A GOOD TIME.

1:01:08BEFORE WE GET INTO THE

1:01:10TESTIMONY. OKAY. AND I THINK

1:01:14OUR TESTIFIERS WOULD LIKE THE

1:01:15FIRST GROUP CHAIR.

1:01:16>> OH, SORRY. MY HAND UP.

1:01:17>> SORRY, I DIDN'T SEE IT. GO

1:01:19FOR IT.

1:01:20>> I FLOATED AT OUR LAST

1:01:21MEETING. BUT JUST WANT TO

1:01:22REMIND FOLKS, BECAUSE IT IS NOW

1:01:24FILED THAT WHEN WE GET TO

1:01:25COUNCIL DELIBERATIONS, I WILL

1:01:27BE MOVING PIRTLE-GUINEY

1:01:28ZIMMERMAN ONE TO THE FIRST ITEM,

1:01:30THE TAU ITSELF. THAT'S THE

1:01:34AMENDMENT WHICH WOULD MOVE

1:01:38FUNDS FROM THE COEP RESERVE THE

1:01:41COMMUNITY OPPORTUNITIES AND

1:01:42ENHANCEMENT PROGRAM RESERVE TO

1:01:45COEP TO DISBURSEMENT IN THIS

1:01:48YEAR SO THAT WE CAN CONTINUE TO

1:01:50SUPPORT THE PROGRAMS WHICH

1:01:52ENSURE WE HAVE A PIPELINE OF

1:01:55CONSTRUCTION WORKERS FOR OUR

1:01:56CITY PROJECTS.

1:01:57>> THANKS. AND JUST TO CLARIFY,

1:01:59YOU'RE MOVING THAT AFTER

1:02:00TESTIMONY TODAY OR WHEN WE GET

1:02:02TO FULL COUNCIL.

1:02:03>> I HAD PLANNED TO MOVE IT

1:02:04TODAY. OKAY. BUT IF YOU PREFER

1:02:06THAT WE WAIT AND DO ALL

1:02:07AMENDMENTS AT FULL COUNCIL.

1:02:09>> I THINK IT'S GOOD THAT WE'RE

1:02:10DOING THE TECHNICAL ONE TODAY

1:02:11EITHER WAY.

1:02:12>> OKAY, SO I'LL MOVE THAT

1:02:13AFTER TESTIMONY TODAY. GREAT.

1:02:17>> THANKS. GO FOR REBECCA.

1:02:18THANK YOU.

1:02:20>> OUR TESTIFIERS FOR ITEM 366

1:02:23ARE RONNA USMAN, NOAH COHN AND

1:02:27COURTNEY HAMILTON. YOU CAN ALL

1:02:29APPROACH THE TESTIMONY TABLE.

1:02:48AND RONNA, YOU CAN START OR

1:02:50WHOEVER'S GOING TO GO FIRST CAN

1:02:51START WHEN YOU'RE READY.

1:02:52>> SURE. WELL GOOD MORNING

1:02:55COUNCIL. MY NAME IS NOAH COHN.

1:02:56I'M THE EXECUTIVE DIRECTOR FOR

1:02:58CONSTRUCTING HOPE, ONE OF

1:03:00PORTLAND'S FOUR LEGACY

1:03:01PRE-APPRENTICESHIP TRAINING

1:03:03PROGRAMS THAT ARE COMING OUT IN

1:03:04SUPPORT OF THIS AMENDMENT. AND

1:03:06I JUST WANTED TO START BY

1:03:07ACKNOWLEDGING THIS IS A

1:03:09DIFFICULT TIME, DIFFICULT

1:03:10BUDGET YEARS. THERE'S A LOT

1:03:11HAPPENING IN OUR COUNTRY, CITY

1:03:12AND COUNTY. AND SO NONE OF THAT

1:03:14IS LOST ON US AS WE COME TO YOU

1:03:16AND ASK FOR SUPPORT. BUT WHAT I

1:03:18WANTED TO TALK ABOUT WAS NOT

1:03:20SOMETHING NEW, BUT PROTECTING

1:03:21AN EXISTING INVESTMENT. OVER

1:03:23THE PAST DECADE OR SO, PORTLAND

1:03:25HAS VERY CAREFULLY AND

1:03:27DELIBERATELY BUILT A SYSTEM

1:03:28THAT MOVES PEOPLE WITH NO PRIOR

1:03:30CONSTRUCTION EXPERIENCE INTO

1:03:32APPRENTICESHIPS AND CAREERS

1:03:33THAT ALLOW THEM TO EARN WAGES

1:03:35THAT SUSTAIN THEIR HOUSEHOLDS

1:03:37AND THEIR FAMILIES. OFTENTIMES,

1:03:39THESE PEOPLE ARE COMING FROM

1:03:40VERY DIFFICULT SITUATIONS.

1:03:43INCARCERATION, HOUSELESSNESS

1:03:44RECOVERY, DOMESTIC VIOLENCE,

1:03:46FOOD INSECURITY, JUST TO NAME A

1:03:48FEW. BUT AFTER COMPLETING A

1:03:50PRE-APPRENTICESHIP, THEY MOVE

1:03:51ON TO, YOU KNOW, PAYING TAXES

1:03:53AND EARNING WAGES IN OUR

1:03:55COMMUNITIES. THOSE DOLLARS

1:03:56BENEFIT NEIGHBORHOODS. THEY'RE

1:03:58ABLE TO KEEP THEIR FAMILIES

1:03:59TOGETHER. THEY'RE ALSO ABLE TO

1:04:02NO LONGER DEPEND ON THE SYSTEM

1:04:05THAT THE CITY HAS TO SUPPORT IN

1:04:06ORDER TO KEEP THEM UPRIGHT, YOU

1:04:07KNOW, AND THOSE ARE LIKE THE

1:04:09CRUCIAL SUPPORT SERVICES AND

1:04:10SOME OF THE OTHER THINGS THAT

1:04:12COME WITH THAT. SO THE MAIN

1:04:15THING WE WANTED TO POINT OUT

1:04:16WAS THAT EVEN ON THE CITY'S OWN

1:04:18CONSTRUCTION PROJECTS, THERE

1:04:19ARE SOME GOALS SET THAT ENSURE

1:04:20THAT MEMBERS FROM THE COMMUNITY,

1:04:22YOU KNOW, IRRESPECTIVE OF THEIR

1:04:23BACKGROUND, HAVE AN OPPORTUNITY

1:04:24TO WORK ON THESE MAJOR

1:04:26INFRASTRUCTURE PROJECTS. AND

1:04:27THESE PROJECTS OFTENTIMES HAVE

1:04:29THEIR GOALS MET OR EXCEEDED IN

1:04:31TERMS OF APPRENTICESHIP

1:04:33UTILIZATION. SO IT'S JUST

1:04:34EVIDENCE THAT THE SYSTEM IS

1:04:35WORKING AND THAT PEOPLE ARE

1:04:36GOING FROM PRE-APPRENTICESHIP,

1:04:37FROM THE COMMUNITY, NOT HAVING

1:04:38THAT EXPERIENCE, GETTING

1:04:40OPPORTUNITIES ON THESE JOBS

1:04:42THAT THE CITY HAS AND MOVING

1:04:43THEIR LIVES FORWARD. AND SO WE

1:04:45JUST WANTED TO THANK THE

1:04:47COUNCIL FOR THE OPPORTUNITY TO

1:04:48ENGAGE AROUND THIS. AND I

1:04:50PARTICULARLY WANTED TO COMMEND

1:04:51COUNCILOR PIRTLE-GUINEY AND

1:04:52ZIMMERMAN FOR THEIR STAUNCH

1:04:54ADVOCACY AND SUPPORT. THEY

1:04:55REALLY LEANED IN AND ENGAGED

1:04:56AND TALKED WITH THESE PROGRAMS

1:04:58AND REALLY TRIED TO FIND A WAY

1:05:00TO SUPPORT US AND SUPPORT ALL

1:05:01PORTLANDERS THAT WANT TO FIND A

1:05:03WAY TO GET UPWARD MOBILITY

1:05:04THROUGH THE TRADES. AND SO WE

1:05:05JUST THANK YOU FOR YOUR TIME

1:05:07AND CONSIDERATION.

1:05:08>> YEAH. COURTNEY HAMILTON,

1:05:09EXECUTIVE DIRECTOR AT OREGON

1:05:11TRADESWOMEN. AND REALLY JUST A

1:05:13PING PONG OFF OF MY MY

1:05:14COLLEAGUE HERE. THE WORK THAT

1:05:16WE ARE DOING IS SO IMPORTANT.

1:05:18AND WE ARE TALKING ABOUT NOT

1:05:20JUST MAKING SURE THAT PEOPLE

1:05:22ARE MEETING THEIR NEEDS IN

1:05:23THEIR HOUSEHOLD. WE'RE ALSO

1:05:23TALKING ABOUT SAVING MONEY IN

1:05:24THE LONGER RUN, RIGHT? THESE

1:05:26PROGRAMS ARE DESIGNED, LIKE

1:05:27NOAH WAS SAYING, TO GET PEOPLE

1:05:28AND INDIVIDUALS OFF OF SNAP OFF

1:05:30OF HOUSING THAT'S PAID FOR BY

1:05:32THE GOVERNMENT AND MAKE THEM

1:05:33SUSTAINABLE IN THEIR LIVES. BUT

1:05:34WE ARE ALSO TALKING ABOUT

1:05:36FUNDING THAT'S GOING TO HELP

1:05:37THE PEOPLE WHO DO THE WORK WITH

1:05:39US, OUR AMAZING TEAMS WHO MAKE

1:05:40US LOOK REALLY GOOD OUT IN THE

1:05:42PUBLIC. AND AS WE SIT UP HERE

1:05:44TODAY, THEIR LIVES ARE BEING

1:05:45DIRECTLY IMPACTED. WE ARE

1:05:47HAVING LAYOFFS. AND I BROUGHT

1:05:48SOME OF MY WONDERFUL TEAM HAS

1:05:50STAYED OR COME IN TODAY JUST TO

1:05:52HELP PUT A FACE OF WHAT THAT

1:05:53LOOKS LIKE. THEY STILL COME IN,

1:05:55THEY DO THE WORK REGARDLESS OF

1:05:58THE BUDGET CUTS, REGARDLESS OF

1:05:59THE LAYOFFS. THEY GIVE THE SAME

1:06:01AMOUNT OF EFFORT EVERY SINGLE

1:06:02TIME. AND SO WE'RE IMPACTING

1:06:03THEIR LIVES AS WELL. AND

1:06:04ADDITIONALLY, YOU ARE TALKING

1:06:06ABOUT UP HERE IN AND OF ITSELF,

1:06:09ALMOST 70 YEARS WORTH OF

1:06:11EXPERIENCE IN THESE

1:06:12ORGANIZATIONS OF

1:06:13PRE-APPRENTICESHIP PROGRAMS WE

1:06:14PUT OUT. AND WE PRIDE OURSELVES

1:06:17ON QUALITY, CAREER READY,

1:06:19APPRENTICESHIP READY

1:06:21INDIVIDUALS. AND THESE FUNDS,

1:06:22THIS IMPACTING OF OUR FUNDING

1:06:23DIRECTLY IMPACTS THAT WHEN WE

1:06:25ARE TALKING ABOUT SENDING OUT

1:06:27THESE APPRENTICES FOR THESE

1:06:29PROGRAMS, WE ARE WANTING TO

1:06:30MAKE SURE THAT WE PUT THE BEST

1:06:32FORWARD, RIGHT? SO THAT AS

1:06:33THESE CONTRACTORS AND AS THESE

1:06:34ORGANIZATIONS COME BACK, THEY

1:06:35CAN SAY, HEY, I HIRED FROM PYB,

1:06:37I HIRED FROM OREGON,

1:06:38TRADESWOMEN I HIRED FROM

1:06:40CONSTRUCTING HOPE. AND THEIR,

1:06:41THEIR CANDIDATES HAVE BEEN

1:06:43FANTASTIC AND PHENOMENAL. AND

1:06:45SO I REALLY AM BANKING OFF OF

1:06:46NOAH, AS HE SAID, IN ALL OF THE

1:06:48THINGS THAT I SUPPORT, BUT ALSO

1:06:50ADDING IN THERE THAT WE ALSO

1:06:52HAVE TEAMS THAT HAVE LIVES AND

1:06:54FAMILIES THAT THEY SUPPORT AND

1:06:55COME TO WORK EVERY DAY,

1:06:56REGARDLESS OF HOW DIFFICULT IT

1:06:58IS. AND AGAIN, ECHOING NOAH,

1:07:01COUNCILMAN ZIMMERMAN,

1:07:02PIRTLE-GUINEY, THANK YOU SO

1:07:03MUCH FOR YOUR ADVOCACY AS WELL.

1:07:05AND EVERYONE WHO HAS STEPPED UP

1:07:06IN THIS PLACE. AND SO WE ARE

1:07:08WANTING TO MAKE OUR FACES KNOWN.

1:07:09AND AGAIN, THANK YOU FOR THE

1:07:11OPPORTUNITY TO BE HERE IN

1:07:12PERSON.

1:07:14>> HELLO, COUNCIL MEMBERS. MY

1:07:15NAME IS RANA. I'M THE EXECUTIVE

1:07:17DIRECTOR OF PORTLAND YOUTH

1:07:18BUILDERS. BEFORE YOU, YOU HAVE

1:07:20THREE OF THE FOUR LONG STANDING

1:07:22CERTIFIED PRE-APPRENTICESHIP

1:07:23PROGRAMS. AND I THINK IT'S

1:07:24IMPORTANT FOR COUNCIL MEMBERS

1:07:25TO KNOW WE REPRESENT

1:07:27COLLECTIVELY OVER 100 YEARS OF

1:07:29WORKFORCE DEVELOPMENT

1:07:31EXPERIENCE. WE HAVE BEEN DOING

1:07:32THIS WORK FOR A LONG TIME. WE

1:07:34TAKE PRIDE IN THE WORK THAT WE

1:07:35DO, AND WE'RE GOOD AT WHAT WE

1:07:38DO. SINCE THE IMPLEMENTATION OF

1:07:41COAB, PPIB HAS BEEN ABLE TO

1:07:43SERVE ALMOST 200 PEOPLE SO FAR

1:07:46IN THE PAST THREE YEARS. PYB

1:07:47HAS AN 85% COMPLETION AND

1:07:49PLACEMENT RATE FOR THE FOLKS IN

1:07:51THE CO-OP PROGRAM. AS YOU ALL

1:07:53KNOW, WORKFORCE DEVELOPMENT IS

1:07:55MORE THAN JUST FINDING A JOB.

1:07:57IT'S ABOUT CREATING

1:07:58OPPORTUNITIES, UPLIFTING

1:08:00COMMUNITIES, BUILDING SKILLS,

1:08:01AND OPENING DOORS THAT ARE

1:08:02TYPICALLY CLOSED. AND THE

1:08:04COMMUNITIES WE SERVE, PEOPLE

1:08:05ARE READY AND WILLING TO WORK,

1:08:07BUT THEY FACE BARRIERS SUCH AS

1:08:09LIMITED ACCESS TO TRAINING,

1:08:10LIMITED FINANCIAL RESOURCES,

1:08:12LACK OF TRANSPORTATION, AND

1:08:14MINIMAL CAREER OPPORTUNITIES.

1:08:16RATHER THAN REMOVING FUNDS FROM

1:08:18PRE-APPRENTICESHIP PROGRAMS

1:08:19THAT PROVIDE THESE RESOURCES,

1:08:21WE NEED TO FURTHER INVEST IN

1:08:23THEM. THIS INVESTMENT BOLSTERS

1:08:25THE LOCAL ECONOMY. IT ALLOWS

1:08:28BUSINESSES TO GROW AT SCALE,

1:08:29AND IT SUPPORTS THE LONG TERM

1:08:32SUSTAINABILITY OF PORTLAND. AT

1:08:34PYB, WE DO MORE THAN TRAIN

1:08:36PEOPLE FOR CONSTRUCTION CAREERS.

1:08:38AT PRE-APPRENTICESHIP PROGRAMS,

1:08:39WE DO MORE THAN TRAIN PEOPLE

1:08:41FOR CONSTRUCTION CAREERS. WE

1:08:41INVEST IN PEOPLE, YOU KNOW WHO

1:08:44HAVE BEEN HISTORICALLY

1:08:46OVERLOOKED. WE STRENGTHEN OUR

1:08:47WORKFORCE. WE REDUCE ECONOMIC

1:08:50INEQUALITY, AND CREATE A FUTURE

1:08:53WHERE MORE FAMILIES HAVE THE

1:08:54OPPORTUNITIES TO THRIVE. OUR

1:08:56COMMUNITIES ARE FULL OF TALENT

1:08:58AND POTENTIAL. WHAT IS OFTEN

1:09:00MISSING IS ACCESS AND

1:09:02OPPORTUNITY. PRE-APPRENTICESHIP

1:09:04PROGRAMS CAN HELP BRIDGE THAT

1:09:06GAP. LET US WORK TOGETHER TO

1:09:08BUILD MORE THAN JUST STRUCTURES.

1:09:10LET US BUILD CAREERS,

1:09:12STRENGTHEN FAMILIES, AND CREATE

1:09:13STRONGER COMMUNITIES. ONE

1:09:16OPPORTUNITY, ONE SKILL, AND ONE

1:09:18WORKER AT A TIME. THANK YOU.

1:09:24>> THAT CONCLUDES TESTIMONY.

1:09:27>> AND JUST TO CLARIFY, REBECCA,

1:09:28DOES THAT INCLUDE TESTIMONY ON

1:09:29ALL THREE ITEMS?

1:09:30>> YES.

1:09:31>> GREAT. THANK YOU SO MUCH.

1:09:32THANKS, EVERYONE, FOR BEING

1:09:33HERE. ALL RIGHT. WELL, WE'LL

1:09:35MOVE INTO THE QUEUE. WE CAN

1:09:36DISCUSS ALL OF THESE.

1:09:38EVENTUALLY, WE'LL BE TAKING

1:09:39VOTES ON WHETHER TO REFER THEM

1:09:40TO THE FULL COUNCIL. PLEASE

1:09:42FEEL FREE TO TO OFFER

1:09:43AMENDMENTS AT THIS TIME AS WELL.

1:09:45I WILL DO THE TECHNICAL ONE IF

1:09:47NO ONE'S IN THE QUEUE. SO I'LL

1:09:48JUST DO THE TECHNICAL ONE FIRST.

1:09:50SO I'LL FORMALLY MOVE TECHNICAL

1:09:51AMENDMENT ONE, WHICH IS THE ONE

1:09:53THAT RUTH MENTIONED EARLIER,

1:09:55AND ASK FOR A SECOND, SECOND.

1:10:00IS THERE ANY DISCUSSION ON

1:10:02TECHNICAL AMENDMENT ONE?

1:10:04COUNCILOR. PIRTLE-GUINEY.

1:10:07>> I WAS IN THE QUEUE FOR

1:10:08ANOTHER ISSUE.

1:10:09>> OKAY. IS THERE ANY

1:10:12DISCUSSION? ALL RIGHT. REBECCA,

1:10:14WILL YOU PLEASE CALL THE ROLL

1:10:16ON TECHNICAL AMENDMENT ONE.

1:10:18>> CALLING THE ROLL ON

1:10:20TECHNICAL AMENDMENT ONE. AND

1:10:21THAT IS TO ITEM TWO, DOCUMENT

1:10:272026-366.

1:10:28>> CLERK I.

1:10:30>> GREEN I.

1:10:33>> ZIMMERMAN I.

1:10:35>> AVALOS I.

1:10:36>> DUNPHY I.

1:10:38>> SMITH ABSENT PIRTLE-GUINEY.

1:10:42I RYAN. I KOYAMA LANE. I

1:10:46MORILLO I NOVICK. I NO. I AND

1:10:50THE AMENDMENT IS APPROVED WITH

1:10:5211 I AND ONE ABSENT VOTE.

1:10:54>> THANK YOU COLLEAGUES.

1:10:55COUNCILOR. PIRTLE-GUINEY WOULD

1:10:56YOU LIKE TO INTRODUCE.

1:10:58>> I WOULD I WOULD LIKE TO MOVE.

1:11:00PIRTLE-GUINEY ZIMMERMAN ONE.

1:11:02>> IS THERE A SECOND? SECOND

1:11:05MOVED BY. PIRTLE-GUINEY.

1:11:06SECONDED BY KOYAMA LANE. AND I

1:11:09DON'T KNOW IF YOU'D LIKE TO

1:11:10SPEAK TO IT FIRST. WE'D ALREADY

1:11:11SPOKEN TO THE OTHER ONE, BUT

1:11:13PLEASE FEEL FREE TO GO AHEAD.

1:11:14>> THANK YOU AND COLLEAGUES. I

1:11:16WENT OVER THIS AT OUR LAST

1:11:17MEETING, BUT JUST TO PROVIDE A

1:11:19LITTLE BIT OF BACKGROUND FOR

1:11:20FOLKS WHO WERE NOT HERE, THEN

1:11:21THE COMMUNITY OPPORTUNITIES AND

1:11:23ENHANCEMENT PROGRAM, OR COEP

1:11:25EXISTS SO THAT WHEN THE CITY

1:11:26INVESTS IN PUBLIC CONSTRUCTION

1:11:29PROJECTS, THOSE INVESTMENTS

1:11:30PREPARE LOCAL PORTLANDERS FOR

1:11:32THAT CONSTRUCTION WORK.

1:11:33ESSENTIALLY, WE FUND OUR

1:11:35PIPELINE, AND WE DO SO IN A WAY

1:11:37THAT CREATES OPPORTUNITIES FOR

1:11:38PORTLANDERS WHO HAVE

1:11:39HISTORICALLY BEEN LEFT OUT OF

1:11:41CONSTRUCTION TRADES. WE DO THAT

1:11:43THROUGH OUR PRE-APPRENTICESHIP

1:11:45PROGRAMS. THEY HELP PEOPLE

1:11:47ACCESS TRAINING CERTIFICATIONS

1:11:48AND THE SUPPORT THAT THEY NEED

1:11:50TO ENTER GOOD PAYING UNION

1:11:51CONSTRUCTION CAREERS THAT THEY

1:11:53MIGHT NOT HAVE OTHERWISE HAD

1:11:54ANY ACCESS TO OR KNOWLEDGE OF.

1:11:57THEY ALSO HELP US BUILD A

1:11:59STRONGER, MORE REPRESENTATIVE

1:12:00WORKFORCE THAT CAN WORK ON

1:12:01CONSTRUCTION PROJECTS ACROSS

1:12:02THE CITY. DURING THE LAST

1:12:05BUDGET, WE TRANSITIONED COEP

1:12:07BACK TO THE CITY ADMINISTRATION.

1:12:09IT HAD STARTED AT THE CITY,

1:12:10THEN WE SENT IT TO PROSPER

1:12:12WHERE IT WAS CONTRACTED TO

1:12:13ANOTHER ORGANIZATION FOR

1:12:15IMPLEMENTATION, AND WE BROUGHT

1:12:16IT BACK IN. WHEN WE DID THAT,

1:12:19WE KNEW THAT WE WOULD NEED TO

1:12:21BUILD A MORE SUSTAINABLE

1:12:22PROGRAM AND DIRECT MORE

1:12:24RESOURCES OR MORE STABLE

1:12:25RESOURCES TOWARD THE

1:12:27ORGANIZATIONS DOING THIS WORK.

1:12:30WE DIDN'T HAVE. WE JUST DON'T

1:12:32HAVE THE MASSIVE PROJECTS THAT

1:12:34WE ONCE DID, AND THAT'S CHANGED

1:12:36HOW THESE PROGRAMS WORK. BUT WE

1:12:37STILL NEED TO MAKE SURE THAT

1:12:38THERE IS A BOTTOM LINE SUPPORT

1:12:41FOR THEM. WHEN WE MADE THAT

1:12:44TRANSITION, WE DID NOT KNOW

1:12:45THAT THERE WAS A PLAN TO PAUSE

1:12:47THE PROGRAM WITHIN THE

1:12:50ADMINISTRATION. IN FACT, WE

1:12:52WERE TOLD THAT NOTHING WAS

1:12:53GOING TO CHANGE, AND THAT'S NOT

1:12:55WHAT HAPPENED. THERE WAS A

1:12:56PAUSE. SO COUNCILOR ZIMMERMAN

1:12:59AND I HAVE BEEN WORKING WITH

1:13:00THE ADMINISTRATION TO UNDO THAT,

1:13:02TO MAKE SURE THAT THESE

1:13:03PROGRAMS CAN CONTINUE, THAT

1:13:04THERE'S STABILITY AND THAT THE

1:13:06PIPELINE THAT WE HAVE BEEN

1:13:07INVESTING IN AS A CITY

1:13:09CONTINUES TO BE INVESTED IN

1:13:10THAT PORTLANDERS CONTINUE TO BE

1:13:12INVESTED IN AS THEY MAKE THEIR

1:13:14WAY FROM NEEDING SOME SUPPORTS

1:13:18TO WORKING HIGH WAGE, LIVING

1:13:20WAGE JOBS IN OUR COMMUNITY. WE

1:13:22HAD ASKED FOR A $350,000

1:13:26RELEASE FROM CO-OP RESERVES,

1:13:28WHICH THE MAYOR ASKED FOR OUR

1:13:31STAFF TO PUT IN THE TABLE, BUT

1:13:34WE LEARNED THAT THAT WAS NOT

1:13:35QUITE ENOUGH, THAT SOME

1:13:37ORGANIZATIONS STILL HAD SOME

1:13:39SERIOUS CONCERNS ABOUT

1:13:41VIABILITY. UNLESS WE INCREASED

1:13:42THE FUNDING A LITTLE BIT MORE.

1:13:43THE AMENDMENT BEFORE YOU TODAY

1:13:45INCREASES FUNDING TO $600,000,

1:13:48SO THAT THOSE PROGRAMS ARE AT A

1:13:50SUSTAINABLE LEVEL MOVING

1:13:52FORWARD. THE CO-OP RESERVES

1:13:53HAVE AROUND $2 MILLION IN THEM,

1:13:56SO WE'RE STILL LEAVING A

1:13:57HEALTHY AMOUNT AVAILABLE AS WE

1:13:59MOVE THROUGH THE WORK OF

1:14:02REFORMING THE PROGRAM TO A MORE

1:14:04SUSTAINABLE PATH IN THE LONG

1:14:05RUN, COLLEAGUES, WE NEED TO

1:14:08MAKE SURE THAT OUR PUBLIC

1:14:09INVESTMENTS DELIVER PUBLIC

1:14:10BENEFIT. AND THAT IS EXACTLY

1:14:11WHAT THIS PROGRAM HAS DONE FOR

1:14:12YEARS. WE HAVE THE OPPORTUNITY

1:14:14TODAY TO ENSURE THAT IT

1:14:15CONTINUES TO DO SO. I WANT TO

1:14:17THANK COUNCILOR ZIMMERMAN FOR

1:14:18HIS PARTNERSHIP ON THIS,

1:14:20STAKEHOLDERS FOR RAISING THE

1:14:21ISSUE AT THE RIGHT TIME SO THAT

1:14:23WE COULD ADDRESS IT IN THE TAO,

1:14:25THE MAYOR, FOR PICKING UP ON

1:14:27THAT AND STARTING THE WORK AND

1:14:28THE ADMINISTRATION FOR

1:14:29PARTNERING WITH US ON FIGURING

1:14:30OUT THE FINAL PIECE. WITH THAT,

1:14:33I WOULD ASK FOR YOUR SUPPORT

1:14:35FOR PIRTLE-GUINEY ZIMMERMAN ONE,

1:14:38AND I'M NOT SURE IF MY

1:14:40CO-SPONSOR HAS ANYTHING HE'D

1:14:41LIKE TO ADD.

1:14:43>> THANK YOU. AND JUST A NOD TO

1:14:45COUNCILOR PIRTLE-GUINEY AND

1:14:46YOUR LEADERSHIP ON THIS AND,

1:14:47AND A IMPORTANT LIFT AND TIMELY

1:14:50LIFT, AS SHE MENTIONED. SO I

1:14:51APPRECIATE THAT. YOU KNOW, IN

1:14:53TERMS OF WHEN I THINK ABOUT MY

1:14:57DISCUSSIONS AND COMMITMENTS TO

1:14:58HOW DO WE HOW DO WE CREATE AND

1:15:01KEEP APPRENTICESHIPS WITHIN THE

1:15:02PIPELINE WITHIN THIS COMMUNITY?

1:15:03THIS IS ONE OF THOSE THOSE

1:15:05AVENUES. AND I THINK THAT'S

1:15:07IMPORTANT WHEN WE TALK ABOUT

1:15:08WHAT IS WORKFORCE DEVELOPMENT

1:15:09MEAN AND WHAT DOES IT MEAN TO

1:15:10BUILD WEALTH WITHIN THE FAMILY

1:15:12STRUCTURE? WHAT DOES IT MEAN TO

1:15:14HAVE AVAILABLE WORK, AND WHAT

1:15:15DOES IT MEAN TO MAKE SURE WHEN

1:15:17WE'RE A TOWN WHO VALUES A

1:15:19WORKER LIKE THIS, IS THAT KIND

1:15:20OF ACTION. SO THANK YOU FOR

1:15:22IDENTIFYING IT. THANK YOU,

1:15:23COUNCILOR, FOR HELPING KIND OF

1:15:26USE THE SCALPEL TO FIND THE

1:15:27EXACT SPOT TO TO INSERT HERE.

1:15:29AND I THINK IT'S A GOOD A GOOD

1:15:31CHANGE. THANK YOU.

1:15:32>> THANK YOU, COUNCILOR

1:15:33ZIMMERMAN. WE'LL GO TO THE

1:15:34QUEUE, COUNCILOR RYAN, FOLLOWED

1:15:35BY KOYAMA LANE.

1:15:36>> THANK YOU, CHAIR KANAL.

1:15:37FIRST OF ALL, I'M VERY

1:15:38SUPPORTIVE OF THIS. I'VE BEEN

1:15:40SUPPORTIVE OF THIS FOR A COUPLE

1:15:41DECADES. IT WAS A BIG PART OF

1:15:43MY WORK AT ALL HANDS RAISED. IN

1:15:44FACT, I KNOW ALL THE

1:15:46ORGANIZATIONS THAT ARE HERE

1:15:47BECAUSE WE BROUGHT YOU INTO THE

1:15:48TABLE, IF YOU WILL, WHEN AYE,

1:15:50MORILLO WHEN HIGH SCHOOLS IN

1:15:52THE AREA, IN MY OPINION, WERE

1:15:54ASLEEP AT THE WHEEL FOR A FEW

1:15:56DECADES ABOUT PATHWAYS TO

1:15:58TRADES, IT WAS KIND OF LIKE

1:15:59COLLEGE OR WALMART AND THE

1:16:01MILITARY. GOOD LUCK. SO WE KEPT

1:16:03TRYING TO INTRODUCE THAT

1:16:04THERE'S ACTUALLY THESE

1:16:05WONDERFUL PATHWAYS AFTER HIGH

1:16:07SCHOOL WHERE YOU CAN BUILD SOME

1:16:09GENERATIONAL WEALTH. AND OF

1:16:10COURSE, THE PUBLIC PROJECTS,

1:16:11THE BIG PUBLIC PROJECTS ARE ONE

1:16:12OF THE BEST OPPORTUNITIES TO DO

1:16:14THAT. AND SO I'M REALLY EXCITED

1:16:17ABOUT THIS. I HAVE MORE OF A

1:16:19OPERATIONAL CIVICS TYPE

1:16:20QUESTION. SO WE HAVE RESERVES

1:16:21FOR THIS. AND I WAS A PART OF A

1:16:24GROUP THAT'S BEEN PUSHING FOR

1:16:26THOSE RESERVES. AND SO I THINK

1:16:28I'M JUST CONFUSED WHY WE HAVE

1:16:29TO DO THIS. IS IT TO UNDERSCORE

1:16:33THAT THIS MUST TAKE PLACE THIS

1:16:35YEAR, BECAUSE WE'RE LETTING THE

1:16:40CITY ADMINISTRATION KNOW THAT

1:16:42WE EXPECT THOSE RESERVES TO BE

1:16:44SPENT THIS YEAR. AND THEN I

1:16:45HAVE QUESTIONS ABOUT THE LONG

1:16:47TERM, BECAUSE WE DON'T WANT TO

1:16:48JUST DO THIS. AND THIS YEAR,

1:16:50WHEN WE KNOW DARN WELL THAT

1:16:52WE'RE IN FOR A BUCKLING UP A

1:16:54FEW YEARS WHEN IT COMES TO

1:16:56CONSTRUCTION. AND I WANT TO

1:16:58MAKE SURE THAT WE ACTUALLY DO

1:16:59HAVE LONG TERM STABILITY HERE.

1:17:01SO HOW MANY MORE YEARS CAN WE

1:17:03TAP INTO THIS RESERVE TO MAKE

1:17:05THIS SUSTAINABLE? AND IS THIS

1:17:06GOING TO BE WHICH IN MY OPINION

1:17:08IS THE MOST CONCRETE THING WE

1:17:10DO FOR EQUITY. IS THIS IT

1:17:13OPERATIONALIZES EQUITY IT MONEY

1:17:15TALKS TO ALLOW PEOPLE TO

1:17:17ACTUALLY BUILD, BECOME

1:17:19INDEPENDENT AND HAVE A LONG

1:17:20TERM LIFE THAT'S SUSTAINABLE

1:17:22THEMSELVES. AND THAT'S WHAT

1:17:23WE'RE ABOUT WHEN WE DO EQUITY

1:17:25WORK, IN MY OPINION. SO THAT'S

1:17:27MY CONFUSION IS THIS ACTION

1:17:29SEEMS NECESSARY? PERHAPS I KNOW

1:17:32SYLVESTER IS HERE, BUT I JUST

1:17:33WANT TO HEAR, IS THIS AN ANNUAL

1:17:35THING THAT WE HAVE TO DO TO SAY

1:17:37THIS IS A PRIORITY STILL,

1:17:38PLEASE EXPEND THE FUNDS.

1:17:40>> YEAH. SO I'M GOING TO SPEAK

1:17:41TO THE FIRST PART, AND THEN

1:17:43THESE FOLKS CAN SPEAK MORE TO

1:17:45THE SPECIFICS. BUT ON THE

1:17:48BUDGETARY PIECE, THE REASON

1:17:49THIS IS A THIS ACTION IS NEEDED

1:17:53IS THAT IT THE THESE FUNDS IS A

1:17:55GOOD EXAMPLE OF. THESE FUNDS

1:17:57WERE RESERVED FOR FUTURE

1:17:58EXPENDITURES IN THAT THEY. THE

1:18:00PROGRAM HAD BUDGETED THEM THERE

1:18:02WITH THE EXPECTATION THAT THEY

1:18:03WOULD EXPEND THEM IN FUTURE

1:18:05YEARS AND THEY CAN TALK MORE

1:18:06ABOUT THE FINANCIAL

1:18:08SUSTAINABILITY OF THE PROGRAM,

1:18:09BUT. BUDGETARILY. THAT'S WHERE

1:18:11THEY WERE BUDGETED. AND SO THEY.

1:18:13THE PROGRAM COULD NOT SPEND

1:18:15THAT UNLESS COUNCIL MOVES MONEY

1:18:17OUT OF THOSE RESERVE, THOSE

1:18:19THAT BUCKET OF RESERVED FOR

1:18:20FUTURE EXPENDITURES AND INTO

1:18:21THE PROGRAMS BUDGET FOR THIS

1:18:23YEAR. SO THIS IS FROM THAT

1:18:24PERSPECTIVE, THIS ACTION IS

1:18:26REQUIRED TO ALLOW THEM TO SPEND

1:18:27IT IN THIS YEAR. COUNCIL HAS TO

1:18:29MAKE THAT ACTION, TAKE THAT

1:18:30ACTION.

1:18:30>> I GET THAT. I'M JUST HOPE

1:18:32AND AND I'M ALL IN AGAIN. I

1:18:34JUST HOPE THAT THIS WOULD

1:18:35BECOME A PART OF OUR CULTURE SO

1:18:37THAT WE WOULDN'T HAVE TO GO

1:18:38SNATCH. BUT IT WOULD BE LIKE A

1:18:40PART OF WHAT WE'RE ACTUALLY

1:18:41DOING EACH YEAR WITH OUR

1:18:43PRIORITIES.

1:18:43>> SO YEAH, AND I THINK THAT'S

1:18:45WHERE.

1:18:45>> PEOPLE WHO ARE WORKING HARD

1:18:46HAVE TO COME DOWN HERE AND

1:18:48TESTIFY, BASICALLY BECAUSE.

1:18:49>> IT'S RIGHT.

1:18:49>> TO DO THIS.

1:18:50>> YEAH. SORRY. THE, I THINK

1:18:52THE, THE, THE UNIQUE NATURE OF

1:18:54THE FINANCING FOR THIS PROGRAM

1:18:57IS WHY THIS WAS NEEDED. AND SO

1:18:59I'M GOING TO LET ELIZABETH TAKE

1:19:00OVER ON KIND OF HOW THE PROGRAM

1:19:02IS FINANCED AND WHY WE HAD TO

1:19:04ACTUALLY WHY THAT MONEY WAS IN

1:19:06RESERVE FOR FUTURE EXPENDITURE

1:19:07IN THE FIRST PLACE.

1:19:08>> THANK YOU. ELIZABETH HILL,

1:19:09BUSINESS OPERATIONS DIVISION

1:19:11MANAGER, THE BUDGET OR THE

1:19:15RESERVE FUND FOR CO-OP IS

1:19:18BALANCED OVER A FIVE YEAR

1:19:19PERIOD TO KEEP THE PROGRAM

1:19:21SUSTAINABLE, WITH REVENUES THAT

1:19:24ARE FLUCTUATING. THAT'S WHY WE

1:19:27NEED TO MOVE IT OUT OF RESERVES

1:19:28AND INTO THE BUDGET TO

1:19:30APPROPRIATE IT.

1:19:32>> IF THE COUNCIL WANTS TO MAKE

1:19:33THIS LONG TERM, THEN WE HAVE TO

1:19:35KEEP AN EYE ON THAT RESERVE

1:19:37FUND BEING BIG ENOUGH TO MAKE

1:19:38SURE THAT WE CAN DO THIS ACTION,

1:19:40OTHERWISE, WE'LL BE DRAINING IT

1:19:41OUT IN THE NEXT 2 TO 3 YEARS.

1:19:43>> IF WE IF YOU DECIDE AS A

1:19:45COUNCIL TO FUND THE PROGRAM AT

1:19:47A HIGHER LEVEL, THAT WILL DRAW

1:19:48ON RESERVES AND THE FUTURE,

1:19:50FOUR YEARS WOULD CHANGE.

1:19:53>> OKAY, THIS IS REALLY HELPFUL.

1:19:55I HOPE IT'S BEEN HELPFUL TO MY

1:19:56COLLEAGUES AS WELL, SO THAT WE

1:19:58CAN ACTUALLY HAVE OUR EYES WIDE

1:19:59OPEN SO WE DON'T HAVE TO DO

1:20:01THIS TRICK EVERY YEAR. YEAH.

1:20:04SYLVESTER, GOOD TO SEE YOU.

1:20:05WOULD YOU LIKE TO ADD, SINCE

1:20:06YOU'RE THE ONE THAT OPERATES

1:20:08THE PROGRAM? YEAH.

1:20:09>> THANK YOU. COUNCIL. COUNCIL.

1:20:10I JUST WANT TO MAKE SURE IT'S

1:20:12ALSO VERY CLEAR THAT THESE ARE

1:20:13SOME OF THESE DOLLARS ARE

1:20:15RATEPAYER DOLLARS. AND WE ALSO

1:20:16HAVE TO ADHERE TO LEGAL

1:20:17REQUIREMENTS AS WELL. SO THAT

1:20:19BEING SAID IN CONSIDERATION, I

1:20:21KNOW THAT THE CONVERSATION

1:20:23SHOULD BE ALSO BROUGHT UP THAT

1:20:25THIS A LONG TERM SUSTAINABLE

1:20:26MODEL FOR THESE PROGRAMS AS

1:20:28WELL. AND HOW DO WE DO THAT AND

1:20:30GO ABOUT DOING THAT? BUT OTHER

1:20:32THAN THAT, I THINK THAT

1:20:33ELIZABETH AND RUTH PRETTY MUCH

1:20:34HANDLED THE FINANCIAL ASPECTS

1:20:35AND THE REQUIREMENTS AS WELL.

1:20:37THANK YOU.

1:20:40>> COUNCILOR CHAIR MAY I?

1:20:42>> YEAH, GO FOR.

1:20:42>> IT, COUNSELOR. I WILL JUST

1:20:44ADD THAT BOTH COUNCILORS,

1:20:46ZIMMERMAN AND I HAVE TOLD FOLKS

1:20:49IN THE ADMINISTRATION,

1:20:51SYLVESTER, THE CITY

1:20:52ADMINISTRATOR, THE MAYOR, THAT

1:20:53WE ARE HAPPY TO BE PART OF THAT

1:20:56WORK, TO FIGURE OUT WHAT LONG

1:20:57TERM SUSTAINABILITY CAN LOOK

1:20:58LIKE AND TO TRY TO PROBLEM

1:21:00SOLVE SO THAT WE CAN MAKE SURE

1:21:01THAT THAT I TO THE FIVE YEAR

1:21:05SUSTAINABILITY OF THE PROGRAM

1:21:06IS AN EASY CHECKBOX AND NOT

1:21:09SOMETHING WHERE WE HAVE TO BE

1:21:10HAND WRINGING AND WONDERING IF

1:21:12WE'RE GOING TO MAKE IT OR NOT

1:21:14IN THE FUTURE. THANK YOU.

1:21:16>> THANK YOU. WE'LL GO TO

1:21:17COUNCILOR. KOYAMA LANE. THEN.

1:21:19COUNCILOR AVALOS.

1:21:19>> THANK YOU, CHAIR, AND THANK

1:21:21YOU TO THE TWO COUNCILORS THAT

1:21:22BROUGHT THIS FORWARD. THIS IS

1:21:23REALLY IMPORTANT. THESE

1:21:25COMMUNITY OPPORTUNITIES AND

1:21:26ENHANCEMENT PROGRAMS CHANGE

1:21:28PEOPLE'S LIVES. I THINK ALL THE

1:21:30PARTS TO IT ARE IMPORTANT, BUT

1:21:32I WANT TO HONE IN SPECIFICALLY

1:21:33ON THE WORKFORCE DEVELOPMENT

1:21:34PIECE AND THE PRE

1:21:36APPRENTICESHIP TRAININGS. I

1:21:38KNOW A KIDDO WHO ACTUALLY I

1:21:40DIDN'T I DIDN'T TEACH THIS

1:21:41KIDDO, BUT I'VE KNOWN HER SINCE

1:21:42SHE WAS SEVEN AND SAW HER

1:21:44BOUNCE AROUND TO A LOT OF

1:21:45DIFFERENT SCHOOLS AND

1:21:47EVENTUALLY GRADUATED. THAT WAS

1:21:50CHALLENGING. BUT SHE'S 18 NOW,

1:21:51AND SHE'S CONNECTED WITH ONE OF

1:21:55THESE PROGRAMS, AND IT'S BEEN

1:21:57WONDERFUL. AND SHE'S REALLY

1:21:58EXCITED TO BECOME AN IRONWORKER.

1:22:00AND SO I'VE JUST SEEN REALLY UP

1:22:03CLOSE, YOU KNOW, LIKE THIS IS

1:22:04NOT ABSTRACT. THIS CHANGES

1:22:05PEOPLE'S LIVES. WHEN WE TALK

1:22:07ABOUT COMMUNITY AND PUBLIC

1:22:08SAFETY BEING EXPANSIVE AND ALSO

1:22:10INCLUDING GIVING OPPORTUNITIES

1:22:13TO PEOPLE, THIS, THIS IS WHAT

1:22:14THAT INCLUDES.

1:22:16>> THANK YOU. COUNCILOR KOYAMA

1:22:17LANE, COUNCILOR AVALOS.

1:22:21>> YEAH, WHEN YOU WERE

1:22:22DESCRIBING THE HISTORY OF IT,

1:22:24YOU MENTIONED THAT THE PROGRAM

1:22:26STOPPED. I GUESS. CAN YOU TELL

1:22:28ME MORE? WHAT DO YOU MEAN? LIKE,

1:22:30WHAT EXACTLY HAPPENED THAT THIS

1:22:31NEEDS TO TAKE PLACE? IS IT THAT

1:22:33THE PROGRAM WAS NOT FUNDED IN

1:22:35THE NEW BUDGET, AND THIS IS A

1:22:36WAY TO FUND IT BECAUSE IT HAS

1:22:39TO TO RESTART IT? YEAH. CAN YOU

1:22:41JUST EXPLAIN THAT MORE?

1:22:41>> WHEN THIS PROGRAM MOVED BACK

1:22:44INTO THE COMMUNITY? I GUESS NOT.

1:22:47COMMUNITY AND ECONOMIC

1:22:48DEVELOPMENT, THE OPERATIONS

1:22:50SERVICE AREA UNDER PROCUREMENT,

1:22:55I HAD ASKED A QUESTION DURING

1:22:56THE SPRING ABOUT WHETHER THERE

1:22:58WOULD BE ANY CHANGES TO THE

1:22:59PROGRAM. WE WERE TOLD THAT

1:23:00THERE WOULD NOT BE. WE SENSE

1:23:03LEARNED THAT THERE WAS A PAUSE

1:23:05ON THE PROGRAM. THE DECISION

1:23:06WAS MADE WITHIN PROCUREMENT,

1:23:08AND I CAN LET SYLVESTER SPEAK

1:23:09TO THE WHY. TO PAUSE THE

1:23:11PROGRAM IN ORDER TO LOOK AT

1:23:13LONG TERM SUSTAINABILITY AND

1:23:14WHAT CHANGES NEEDED TO BE MADE.

1:23:17STAKEHOLDERS CAME FORWARD AND

1:23:18SAID, IF YOU PAUSE THIS PROGRAM,

1:23:20THE PIPELINE THAT THE CITY HAS

1:23:21WORKED HARD TO BUILD IS AT RISK.

1:23:23SOME OF THESE ORGANIZATIONS MAY

1:23:24NOT MAKE IT THROUGH A LONG

1:23:26PAUSE. CAN COUNCIL RECONSIDER

1:23:28THIS? SO WHAT WHAT WE'RE

1:23:31BRINGING FORWARD TODAY IS

1:23:32ESSENTIALLY THAT

1:23:33RECONSIDERATION. TO SAY, WE

1:23:34NEED TO MAKE SURE THAT WE

1:23:36CONTINUE TO INVEST IN THIS

1:23:38PIPELINE WHILE WE LOOK AT THE

1:23:42LONG TERM PROGRAM

1:23:43SUSTAINABILITY, RATHER THAN

1:23:45STOPPING THE PIPELINE IN ORDER

1:23:47TO TAKE THAT LOOK.

1:23:50>> I'D LOVE TO HEAR THEN WHY IT

1:23:52WAS PAUSED. IS IT THAT, YOU

1:23:54KNOW, SO IT WAS MOVED INTO THIS

1:23:56OTHER SERVICE AREA. AND THE

1:23:59PAUSE, WHAT I'M UNDERSTANDING

1:24:00IS BECAUSE YOU WERE UNSURE

1:24:02ABOUT HOW TO CONTINUE THE

1:24:04PROGRAM ON EXISTING DOLLARS, IS

1:24:05THAT PART OF WHAT WAS

1:24:06CONTRIBUTING.

1:24:07>> TO THE. THAT WOULD BE

1:24:08CORRECT. COUNCILOR AVALOS, WHEN

1:24:10WE WHEN WE SEE THAT WAS AT THE

1:24:12END OF A TERM OF A IGA WITH

1:24:14PROSPER AND WE WERE ASSESSING

1:24:16THE FINANCIAL VIABILITY OF

1:24:18CONTINUING ON AND NOT DRAINING

1:24:19THE FUND COMPLETELY, BUT ALSO

1:24:20BEING ALLOWED TO BE ABLE TO

1:24:22HELP SUSTAIN THE PROGRAMS AND

1:24:23OUR HELP WITH THESE PARTICULAR

1:24:25PROGRAMS IN THE COMMUNITY.

1:24:28>> OKAY. AND THEN THE MONEY I

1:24:30KEEP HEARING FUND, AND I JUST

1:24:32WANT TO MAKE SURE I KNOW WHICH

1:24:33FUNDS WE'RE TALKING ABOUT. SO

1:24:35SOMETHING ABOUT A 2 MILLION

1:24:36FUND IS COEP HAVE A 2 MILLION

1:24:39RESERVE FUND. AND IS THAT WHERE

1:24:40THIS IS COMING FROM?

1:24:41>> SO YEAH, THE FUND THAT THIS

1:24:44MONEY IS IN IS IN THE CITYWIDE

1:24:47OBLIGATIONS RESERVE FUND. IT'S

1:24:48A SUB FUND SPECIFICALLY FOR

1:24:51COEP BECAUSE THERE ARE FUNDS

1:24:52THAT PASS FROM LIKE THE PUBLIC

1:24:55WORKS BUREAUS INTO IT. IT'S

1:24:56HELD IN THAT CENTRAL PLACE, AND

1:24:58THEN IT'S TRANSFERRED FROM

1:24:59THERE INTO PROCUREMENTS BUDGET

1:25:01FOR THE ACTUAL SPENDING OF THE

1:25:02MONEY. SO THAT WHAT WE CALL

1:25:04CORF, THE OBLIGATIONS RESERVE

1:25:05FUND IS JUST LIKE THE HOLDING

1:25:07PLACE FOR THE FUNDS, AND THAT'S

1:25:08WHERE THE RESERVE FUNDS ARE

1:25:10HELD. SO THIS DRAWS THOSE OUT

1:25:13OF RFA AND THEN ALSO PUTS THEM

1:25:14INTO PROCUREMENTS BUDGET SO

1:25:15THAT THEY'RE AVAILABLE FOR THEM

1:25:17TO SPEND.

1:25:18>> AND SO THEN THE REMAINING

1:25:19AMOUNT IN THE FUND IS.

1:25:23>> THANK YOU. IF THE MONEY IF

1:25:26YOU PASS THIS AMENDMENT TODAY,

1:25:28THE AMOUNT IN THE FUND

1:25:31CONTINGENCY WILL BE 1.77

1:25:33MILLION. THAT WILL BECOME THE

1:25:35BEGINNING FUND BALANCE FOR NEXT

1:25:36FISCAL YEAR.

1:25:37>> BECAUSE THAT'S THE NET OF

1:25:39THE THREE 5600. ALL THAT RIGHT.

1:25:41THAT'S WHY IT'S 1.7. AND THEN

1:25:46SO

1:25:46>> AS FAR AS IF WE TAKE THIS

1:25:48ACTION AND THIS ACTION WILL

1:25:50MEAN THAT FOR WHAT END? BETWEEN

1:25:52NOW AND JULY OF NEXT YEAR, WE

1:25:55WILL CONTINUE THE PROGRAM. BUT

1:25:56THEN AFTER THAT, THERE WILL

1:25:58TECHNICALLY BE NO FUNDING. AND

1:26:00BEFORE END OF JULY, WE NEED TO

1:26:01FIGURE OUT HOW TO FIND MORE

1:26:03FUNDING FOR THE PROGRAM.

1:26:04>> WE HAVE CONTINUED REVENUES

1:26:05COMING FROM THE INFRASTRUCTURE

1:26:07BUREAUS TO CONTINUE THE PROGRAM.

1:26:09SO THE BEGINNING FUND BALANCE

1:26:11WILL BE 1.7 MILLION PROJECTED,

1:26:13AND THEN WE WILL RECEIVE

1:26:15REVENUES NEXT YEAR THAT WE WILL

1:26:17BILL. AND THAT IS A PROJECTION.

1:26:21IF IF WE FUND THE PROGRAM

1:26:23AROUND 900,000 PER YEAR, WE CAN

1:26:26KEEP THE FUND OR KEEP THE

1:26:27PROGRAM GOING FOR ABOUT FIVE

1:26:29YEARS. BUT AT THAT YEAR, FIVE

1:26:30OF THE PROGRAM, WE WILL BE

1:26:32GOING NEGATIVE.

1:26:34>> IS THAT THE REASON WHY THERE

1:26:36WAS THE PAUSE? BECAUSE YOU SAW

1:26:37THE FIVE YEAR TRAJECTORY AND

1:26:39SAW THAT. I'M JUST TRYING TO

1:26:40UNDERSTAND THE. THAT'S THE

1:26:41TIMING OF EVERYTHING.

1:26:42>> WE WERE WE WERE CONCERNED

1:26:43ABOUT THE FUND BEING DEPLETED

1:26:44AND NOT HAVING ANY CONTINGENCY

1:26:46FUND OR ANY ADDITIONAL FUNDING

1:26:48SOURCES TO SUSTAIN IT.

1:26:50>> BUT TECHNICALLY, BECAUSE YOU

1:26:51RECEIVED FUNDING FROM THE

1:26:52INFRASTRUCTURE BUREAUS, THERE'S

1:26:54FUNDING BASE FUNDING FOR THE

1:26:55PROGRAM. IT'S JUST THAT HOW YOU

1:26:57ARE CURRENTLY OPERATING THE

1:26:58PROGRAM AT A 900,000 PRICE TAG

1:27:01PER YEAR IS WHAT'S NOT

1:27:03SUSTAINABLE BASED ON WHAT'S

1:27:04COMING IN.

1:27:05>> CORRECT.

1:27:05>> OKAY. LET ME SEE IF I HAVE

1:27:09ANY OTHER QUESTIONS. I GUESS AS

1:27:15A RESULT OF THIS, I MEAN, THIS

1:27:18WOULD BE US UNPAUSING YOU,

1:27:20RIGHT? SO WHAT DOES THAT MEAN

1:27:21FOR YOU AND THE WORK THAT YOU

1:27:23WERE TRYING TO DO AND HOW

1:27:24LEADING UP UNTIL THE NEXT YEAR,

1:27:26WHAT'S GOING TO HAPPEN?

1:27:27>> WE WILL BE ABLE TO SUSTAIN

1:27:29IT FOR AT THE AT THE ACTUAL OR

1:27:30THE CURRENT CURRENT, THE

1:27:32CURRENT MODEL OR CURRENT

1:27:34REQUESTED MODEL. BUT WE ALSO

1:27:35HAVE TO HAVE A CONVERSATION

1:27:37ABOUT WHAT IS THE LONG TERM

1:27:39SUSTAINABILITY AND VIABILITY OF

1:27:40THE PROGRAM. WE REALLY DO HAVE

1:27:42TO HAVE THAT CONVERSATION.

1:27:43>> I THINK WHERE I'M CONFUSED,

1:27:44IT'S LIKE THERE WAS, WHAT,

1:27:47$350,000 FOR THE PROGRAM, WHICH

1:27:49IS NOT THE FULL AMOUNT OF 900.

1:27:51WE'RE PUTTING 600 AND ROUGH

1:27:53NUMBERS HERE. WE'RE PUTTING 600

1:27:54IN. BUT I'M ALSO HEARING YOU

1:27:56SAY PART OF YOUR PAUSE WAS

1:27:58BECAUSE AT THAT PRICE TAG, YOU

1:28:00COULD PAY FOR THIS PROGRAM FOR

1:28:02FIVE MORE YEARS. SO I THINK I

1:28:03DON'T KNOW WHAT THE DISCONNECT

1:28:05IS. WHY COULD YOU NOT PAY FOR

1:28:07IT THIS YEAR? BUT YOU COULD FOR

1:28:08FIVE MORE YEARS.

1:28:09>> WE ACTUALLY ARE OVER OVER

1:28:12THE FUNDS. NOT ACTUALLY. LET ME

1:28:14JUST GIVE YOU SOME DETAILS AS

1:28:15TO.

1:28:16>> WHY I MIGHT JUMP IN HERE.

1:28:17I'M RILEY WILLIAMS, I WORK WITH

1:28:19ELIZABETH IN BUSINESS

1:28:20OPERATIONS. AND SO THERE WAS A

1:28:21TWO YEAR IGA WITH PROSPER. AND

1:28:24EACH YEAR OF THAT IGA WAS ABOUT

1:28:272.6 MILLION. AND SO WHEN THAT

1:28:29WAS SIGNED, WE KIND OF KNEW

1:28:30LIKE, OKAY, IN FY 2627, WE'RE

1:28:34GOING TO BE DOWN SIGNIFICANTLY

1:28:38OUR PROGRAM BUDGET. SO AT THAT

1:28:40POINT, YOU KNOW, WE STARTED

1:28:42TALKING ABOUT THAT. YOU KNOW,

1:28:46HAVING HAVING ALL OF THESE

1:28:47BUDGET ISSUES IN THE FUTURE.

1:28:48AND SO NOW WE'RE HERE WHERE,

1:28:51YOU KNOW, THE PROSPER IGA AT

1:28:532.6 MILLION COULD NOT BE

1:28:55SUSTAINED BASED ON THE REVENUES

1:28:57WE WERE GETTING FROM PUBLIC

1:28:59WORKS AND SOME OF THE

1:29:00INFRASTRUCTURE BUREAUS.

1:29:05>> OKAY. ALL RIGHT. THAT'S ALL

1:29:10FOR NOW. THANKS.

1:29:13>> THANKS. I'M NEXT IN THE

1:29:14QUEUE. AND JUST A HEADS UP,

1:29:16WHEN I'M DONE WITH MY QUESTIONS,

1:29:17I'M GOING TO CLOSE THE QUEUE ON

1:29:19THIS PARTICULAR AMENDMENT. SO

1:29:20IF ANYONE WANTS TO GET IN,

1:29:21PLEASE FEEL FREE TO. I HAD

1:29:23THREE QUESTIONS. JUST TO

1:29:24CLARIFY. THERE'S 300,000 THAT'S

1:29:26ALREADY IN HERE. AND THIS IS

1:29:27RAISING IT TO NINE, RIGHT? THIS

1:29:29IS THIS IS ALL NEW 600, RIGHT?

1:29:31IT'S NOT.

1:29:35>> 350,000 THAT WAS PREVIOUSLY

1:29:36IN HERE. AND THIS RAISES IT TO

1:29:40600,000 OR.

1:29:42>> THIS RAISES IT BY 600,000 TO

1:29:46950.

1:29:46>> THERE WE GO. THANK YOU. AND

1:29:49AS WE HEARD JUST A MOMENT AGO,

1:29:51IN PREVIOUS YEARS IT WAS 2.5

1:29:53MILLION. SO THIS IS THAT THAT

1:29:56BALANCE POINT OF IT'S A

1:29:57SIGNIFICANT REDUCTION FROM WHAT

1:29:58IT WAS, BUT ALLOWS FOR PROGRAM

1:30:01SUSTAINABILITY.

1:30:02>> YEAH, THAT MAKES SENSE. I

1:30:03JUST WANTED TO GET THAT ON THE

1:30:05RECORD. THE SECOND QUESTION I

1:30:06HAD WAS THAT, YOU KNOW, THIS IS

1:30:08TWO INCREASES OF 600,000. AND

1:30:10THAT'S BECAUSE YOU'RE ADDING

1:30:12$600,000 AS A INTERFUND CASH

1:30:14TRANSFER TO ONE FUND, AND THEN

1:30:16BRINGING IT IN AND PUTTING IT

1:30:19AS AN EXPENSE FOR WHAT IT

1:30:20ACTUALLY DOES, RIGHT?

1:30:21>> THAT'S CORRECT.

1:30:22>> SO THIS IS HOW WE HAVE A

1:30:24$8.5 BILLION BUDGET WITH 6.5

1:30:25ACTUAL BILLIONS OF DOLLARS,

1:30:27BECAUSE WE WE'RE DOUBLE

1:30:29COUNTING THE SAME MONEY HERE.

1:30:30JUST WANTED TO TAKE THAT

1:30:32OPPORTUNITY. HOW MUCH OF THE

1:30:38DEPRIORITIZATION OF THIS

1:30:39PROGRAM HAS TO DO WITH THE

1:30:40MAYOR'S EXECUTIVE ORDER?

1:30:43>> CAN YOU I'M SORRY, COUNCILOR,

1:30:44CAN YOU REPEAT THAT QUESTION?

1:30:46>> HOW MUCH OF THE CONVERSATION

1:30:48AROUND THE PRIOR TO THIS

1:30:49AMENDMENT? DEPRIORITIZATION OF

1:30:51THIS PROGRAM HAS TO DO WITH THE

1:30:52MAYOR'S EXECUTIVE ORDER ON DEI.

1:30:57>> AS AS OF NOW, THAT IS THAT

1:31:01IS NOT A CONSIDERATION. THAT

1:31:02WAS NOT A CONSIDERATION. IT WAS

1:31:04PART OF THE PROGRAM BUNDLE. BUT

1:31:06WE ASSESSED THAT COEP, AS IT AS

1:31:09IT STANDS, IS ABOUT WORKFORCE,

1:31:10RIGHT? WORKFORCE ITSELF. AND

1:31:13THAT IS SOMETHING COMPLETELY

1:31:14DIFFERENT THAN THE THE MAYOR'S

1:31:16EXECUTIVE ORDER. AND WE FOCUSED

1:31:18ON THAT, THAT PIECE AS WELL. SO

1:31:21THE CONSIDERATIONS IN TERMS OF

1:31:23PAUSING IN THE BUDGET WAS THAT

1:31:24WE HAD A BUDGET GAP, A

1:31:26SIGNIFICANT BUDGET GAP. THAT

1:31:28WAS THE CONSIDERATION THAT OUR

1:31:29OFFICE HAD. AND WHERE HOW CAN

1:31:31WE PRIORITIZE THAT WITH THE

1:31:32MONIES THAT WE HAVE? AND THAT

1:31:34IS NOT SOMETHING THAT WAS

1:31:35EASILY, EASILY IDENTIFIABLE

1:31:37BECAUSE WE WERE TRYING TO FIND

1:31:39THE, THE HOW BEHIND THE WHAT?

1:31:44>> OKAY. THANKS FOR THAT. YEAH,

1:31:48I'M PERSONALLY PREPARED TO

1:31:49SUPPORT THIS. AND I WANTED TO

1:31:52THANK NOAH, COURTNEY, AND RANA

1:31:53FOR COMING IN AND APPRECIATE

1:31:55SOMEONE WHO'S WILLING TO SAY

1:31:57WE'RE GOOD AT IT AND OWN THAT.

1:31:59I APPRECIATE THAT A LOT. OFTEN

1:32:01WE ARE TOLD NOT TO SAY THAT,

1:32:02BUT OWN IT. SO THAT'S MY

1:32:06COMMENTS. QUEUE IS NOW CLOSED.

1:32:08COUNCILOR RYAN WILL BE LAST IN

1:32:09THE QUEUE. THANK YOU.

1:32:10>> I JUST HAVE ONE QUICK

1:32:12QUESTION. I'M UNCLEAR ABOUT

1:32:14PROSPER PORTLAND'S ROLE. I

1:32:16THINK I WOULD LIKE TO HEAR ARE

1:32:18THEY A PASS THROUGH IN THIS

1:32:20EQUATION?

1:32:20>> THEY WERE A PASS THROUGH AND

1:32:22THEY SUPPORTED BUSINESS

1:32:22TECHNICAL ASSISTANCE. AND THEY

1:32:24WORK WITH OUR COMMUNITY

1:32:25PARTNERS IN TERMS OF TRYING TO

1:32:27CREATE EXPANSIVE SUPPORT FOR

1:32:28SMALL BUSINESS AND STARTUPS,

1:32:30WHO ALSO WAS A SUBCONTRACTOR,

1:32:31WHO ALSO SUPPORTED WORKFORCE.

1:32:34>> GOT IT. SO WE WE SUBCONTRACT,

1:32:37IF YOU WILL, OR CONTRACT WITH

1:32:38PARTNER OR PARTNER, OKAY. WITH

1:32:41OUR QUASI GOVERNMENT AGENCY,

1:32:43PROSPER PORTLAND, WHO THEN

1:32:45SUBCONTRACTS WITH THE PEOPLE

1:32:46THAT ARE ACTUALLY DOING THE

1:32:47WORK ON THE GROUND. YES. THAT'S

1:32:49WHAT WE'RE DOING. YES. OKAY.

1:32:53IT'S ALWAYS GOOD TO FOLLOW THE

1:32:55BOUNCING BALL. AND IT WAS A

1:32:56LITTLE CONFUSING WHEN I HEARD

1:32:58THAT. I HOPE THAT WE'RE NOT

1:33:00SPENDING TOO MUCH MONEY WITH

1:33:01ALL OF THOSE BOUNCING BALLS.

1:33:03GETTING THE MONEY DIRECTLY TO

1:33:04THE PARTNERS IS ALWAYS GREAT.

1:33:06THANKS.

1:33:09>> THANKS. COUNCILOR RYAN, I

1:33:11THINK RECENT NEWS ARTICLES MAKE

1:33:12MAKE THOSE VERY GOOD QUESTIONS

1:33:14AND I APPRECIATE THAT. ALL

1:33:16RIGHT. THAT CONCLUDES THE QUEUE

1:33:17ON THE AMENDMENT. REBECCA, WILL

1:33:18YOU PLEASE CALL THE ROLL ON

1:33:20AMENDMENT PIRTLE-GUINEY

1:33:20ZIMMERMAN ONE.

1:33:23>> THIS IS AMENDMENT

1:33:25PIRTLE-GUINEY ONE TO ORDINANCE

1:33:28NUMBER 2026-366 MOVED BY

1:33:31PIRTLE-GUINEY, SECONDED BY

1:33:32KOYAMA LANE.

1:33:33>> CLERK I.

1:33:36>> GREEN.

1:33:38>> I ZIMMERMAN. I AVALOS. I

1:33:42DUNPHY. I SMITH. I

1:33:45PIRTLE-GUINEY. I RYAN. I KOYAMA

1:33:48LANE. I MORILLO.

1:33:49>> THANKS FOR BRINGING THIS

1:33:50FORWARD.

1:33:51>> I NOVICK. I KANAL. I THE

1:33:54AMENDMENT IS APPROVED WITH 12

1:33:56VOTES.

1:33:57>> GREAT. WE'LL NOW GO BACK TO

1:33:58THE MAIN QUEUE ON ALL THREE OF

1:34:00THESE ITEMS. SO PLEASE,

1:34:02COLLEAGUES, FEEL FREE TO GET

1:34:03INTO THE QUEUE ON THAT COUNCIL.

1:34:05PRESIDENT DUNPHY.

1:34:07>> THANK YOU, COLLEAGUES, I

1:34:08JUST EMAILED AROUND A AMENDMENT

1:34:11TITLED DUNPHY ONE. THIS IS ON

1:34:13BEHALF OF OUR FRIENDS AND

1:34:14COUNCIL OPERATIONS. THERE'S AN

1:34:16UPDATED VERSION OF THE LANGUAGE,

1:34:17THE CITY ATTORNEY'S COURT, A

1:34:19TINY TWEAK TO IT THAT IS COMING

1:34:21THERE LANDED IN YOUR INBOX

1:34:22RIGHT NOW. FUNCTIONALLY, THIS

1:34:24IS A AUTHORIZATION. IT HAS NO

1:34:26DOLLAR AMOUNTS ATTACHED TO IT,

1:34:27BUT IT AUTHORIZES THE COUNCIL

1:34:30OPERATIONS TEAM TO PROVIDE

1:34:31MERIT INCREASES TO THE COUNCIL

1:34:33OPS STAFF USING THEIR EXISTING

1:34:37APPROPRIATIONS. CURRENTLY,

1:34:39BECAUSE OF THE ODD SORT OF

1:34:40CONFIGURATION OF HOW COUNCIL

1:34:41OPS EXISTS WITHIN OUR OPERATION

1:34:44STRUCTURE, OUR COUNCIL

1:34:45OPERATIONS MANAGER, DANA,

1:34:47DOESN'T HAVE AUTHORITY TO GIVE

1:34:49ANY MERIT INCREASES, AND SO

1:34:51THIS WOULD JUST AUTHORIZE WITH

1:34:54IN COLLABORATION WITH THE

1:34:55COUNCIL PRESIDENT, THE ABILITY

1:34:58TO GIVE MERIT INCREASES. AND

1:35:01THE LANGUAGE IS IN YOUR INBOX.

1:35:03AS I SAID, THERE WAS A A MINOR

1:35:05TWEAK FROM OUR CITY ATTORNEYS.

1:35:06AND SO THE LANGUAGE IS THERE.

1:35:08AND I WOULD FORMALLY MOVE THIS,

1:35:10AND I WOULD ASK FOR A SECOND.

1:35:14>> SECOND.

1:35:16>> THERE'S AN AMENDMENT MOVED

1:35:17BY COUNCILOR DUNPHY, SECONDED

1:35:18BY COUNCILOR PIRTLE-GUINEY.

1:35:20WE'LL GET INTO THE QUEUE AND

1:35:21I'LL START WITH COUNCILOR SMITH,

1:35:22AND THEN I'M NEXT IN THE QUEUE.

1:35:25>> THANK YOU, MISTER CHAIR.

1:35:27COUNCIL PRESIDENT, I'D LIKE TO

1:35:28KNOW A LITTLE BIT MORE. WHY

1:35:30WOULD THE COUNCIL PRESIDENT BE

1:35:32RESPONSIBLE FOR GIVING MERIT

1:35:33AND COUNCIL OPERATIONS AND NOT

1:35:35JUST DANA?

1:35:37>> YEAH. IN OUR IN OUR ORG

1:35:38STRUCTURE, THAT DECISION HAS TO

1:35:41GO UP TO THE HIGHEST LEVEL OF

1:35:43MANAGER AT THERE. AND

1:35:44TECHNICALLY, THE COUNCIL

1:35:44OPERATIONS REPORTS TO THE

1:35:46COUNCIL PRESIDENT. AND SO THEY

1:35:47SHE DOESN'T HAVE IT IN HER

1:35:49CURRENT JOB DESCRIPTION AS A

1:35:51MANAGER, SHE DOESN'T HAVE THE

1:35:52LEGAL AUTHORITY TO GIVE MERIT.

1:35:54AND SO THAT HAS TO COME.

1:35:55>> AND SO SHE WOULD MAKE THE

1:35:57RECOMMENDATION TO YOU AND YOU

1:35:58WOULD APPROVE OR DISAPPROVE.

1:36:00YES. THE MERIT BASED EVEN

1:36:02THOUGH THESE FOLKS WHO WORK FOR.

1:36:04>> YOU OR WHOEVER THE NEXT

1:36:06COUNCIL PRESIDENT.

1:36:06>> IS, SO COUNCIL PRESIDENT

1:36:08WOULD MAKE THOSE DECISIONS AND

1:36:09THEY DON'T HAVE THE DAY TO DAY

1:36:11WITH WITH THESE FOLKS, BECAUSE

1:36:12THERE ARE A COUPLE OF THINGS

1:36:14THAT GO ON WITH THIS THAT I

1:36:15THINK IT ALSO SHOULD INCLUDE

1:36:17COUNSELORS, BECAUSE THE COUNCIL

1:36:20OPERATION FOLKS ARE ADMITS THEY

1:36:23REPORT TO US ON A DAILY BASIS.

1:36:24AND NOBODY ASKED ME ABOUT

1:36:26WHETHER OR NOT THEY SHOULD HAVE

1:36:28A MERIT BECAUSE I WORK WITH

1:36:30THEM EVERY DAY. NOT YOU, NOT

1:36:32DANA. SO I THINK WE NEED TO ADD

1:36:35SOMETHING IN THERE THAT THERE

1:36:36SHOULD BE SOME KIND OF

1:36:37CONVERSATION DONE WITH THE

1:36:38DISTRICTS BECAUSE WE'RE THE

1:36:39ONES WHO, WHO BASICALLY WATCH

1:36:42THEIR DAY TO DAY. AND IF YOU

1:36:47WANT TO, IF YOU WANT TO MAKE

1:36:48SURE THAT WE ALL CAN HAVE A SAY,

1:36:51YOU MAY WANT TO GIVE US OUR OWN

1:36:53ADMIN, BECAUSE I THINK YOU WILL

1:36:55PROBABLY LIKELY TO GET THREE

1:36:56DIFFERENT STORIES.

1:36:58>> AND THIS IS NOT JUST THE

1:36:59FRONT DESK FOLKS THAT ARE EACH

1:37:01OF OUR DISTRICT, BUT ALSO OUR

1:37:03COMMITTEE STAFF AS WELL.

1:37:04>> OH, I UNDERSTAND, I DON'T

1:37:05WANT TO DO ANYTHING OVER

1:37:06COMMITTEES. I'M TALKING ABOUT

1:37:08SPECIFICALLY THE ADMIN WHO THEY

1:37:09DO NOT SUPERVISE ON A DAILY

1:37:10BASIS. YOU DON'T SUPERVISE THEM

1:37:12OTHER THAN THE ONES THAT'S

1:37:13RIGHT IN FRONT OF YOU. BUT I

1:37:14SUPERVISE THE ONE THAT'S IN

1:37:15FRONT OF ME. AND I THINK THAT

1:37:17WE NEED TO HAVE SOME INPUT AS

1:37:19WELL.

1:37:20>> WELL, I HEARD ABSOLUTELY.

1:37:21AND I WILL SAY THAT ULTIMATELY,

1:37:22DANA IS THEIR THEIR DIRECT

1:37:24MANAGER FOR EACH OF THE FOUR

1:37:25DISTRICT OFFICES. THEY DO

1:37:26REPORT TO US AND THEY THEY DO

1:37:28WORK AT OUR YOU MAY.

1:37:29>> EXCUSE ME, COUNCIL PRESIDENT,

1:37:30I DON'T MEAN TO INTERRUPT, BUT

1:37:32SHE DOES. THAT IS THAT IS WHO

1:37:33SHE IS. THAT'S LIKE THE CITY

1:37:35ADMINISTRATOR. HE HAS ALL THE

1:37:36BUREAUS UNDER HIM. BUT THE

1:37:38PEOPLE WHO ACTUALLY WORK WITH

1:37:39THOSE PEOPLE EVERY SINGLE DAY

1:37:41SHOULD HAVE SOME SORT OF INPUT

1:37:43ABOUT MERIT.

1:37:49>> THANK YOU, COUNCILOR SMITH.

1:37:50I'LL GO TO COUNCILOR GREEN NEXT.

1:37:53>> THANK YOU, CHAIR KANAL THANK

1:37:55YOU, COUNCIL PRESIDENT, FOR

1:37:56BRINGING THIS FORWARD. I THINK

1:37:57IT'S APPROPRIATE. I MEAN, I

1:38:01THINK I, I CONVEY FEEDBACK ALL

1:38:03THE TIME TO DANA ABOUT OUR

1:38:07STAFF. AND I THINK THAT'S EVERY

1:38:08COUNCILOR'S PREROGATIVE TO DO.

1:38:10WE SHOULD BE COMMUNICATING WITH

1:38:11THE DIRECTOR OF THE COUNCIL

1:38:14OPERATIONS STAFF TO SAY, HEY,

1:38:15I'M HAVING A GOOD EXPERIENCE.

1:38:16THIS PERSON'S DOING A GOOD JOB.

1:38:18OR, HEY, I'D LIKE TO SEE SOME

1:38:20OF THESE TWEAKS. AND SO THAT'S,

1:38:21THAT'S OUR OPPORTUNITY TO

1:38:22PROVIDE GENERAL FEEDBACK EVEN

1:38:23OUTSIDE OF THE MERIT QUESTION,

1:38:25I THINK WHEN WE HIRE SOMEONE

1:38:27AND SAY, YOU'RE RESPONSIBLE FOR

1:38:29MANAGING THIS PERSON, WE WE

1:38:30VEST WITH THEM SOME SORT OF

1:38:31LEVEL OF DISCRETION. OTHERWISE,

1:38:33WHAT'S THE POINT? RIGHT. AND

1:38:36I'LL JUST NOTE THAT I THINK

1:38:37IT'S PRETTY COMMON TO HAVE AN

1:38:40APPROVAL HIERARCHY OF, OF MERIT

1:38:43INCREASES. I MEAN, I IN MY

1:38:44PRIOR WORLD OF FEDERAL EMPLOYEE,

1:38:47I THINK, YOU KNOW, TO GET A

1:38:48CERTAIN MERIT BUMP, I NEEDED, I

1:38:50NEEDED MY BOSS'S BOSS TO SAY

1:38:52YES TO THAT. EVEN THOUGH I

1:38:53DIDN'T WORK WITH MY BOSS'S BOSS

1:38:55ON A DAILY BASIS. SO I THINK

1:38:57THIS IS APPROPRIATE. THIS IS

1:38:58THE RIGHT WAY TO DO IT. AND I

1:39:00THINK IT'S IMPORTANT THAT WE WE

1:39:02GIVE THAT TOOL TO DANA SO SHE

1:39:03CAN FAIRLY COMPENSATE THESE

1:39:04FOLKS WHO WORK REALLY HARD FOR

1:39:07OUR CITY. THANKS. I'M GOING TO

1:39:08SUPPORT.

1:39:11>> AND I'M NEXT IN THE QUEUE.

1:39:13COUNCIL PRESIDENT, I GUESS I

1:39:14HAD A COUPLE QUESTIONS. FIRST,

1:39:16IT'S IT SEEMS STRANGE TO ME TO

1:39:18AMEND A ORDINANCE FROM A FEW

1:39:19MONTHS AGO IN THIS ORDINANCE,

1:39:22AS OPPOSED TO JUST DOING IT

1:39:23THROUGH THE VEHICLE OF THE TAO

1:39:26ITSELF. CAN YOU SPEAK TO THAT

1:39:27PIECE?

1:39:27>> YEAH. I DON'T HONESTLY FULLY

1:39:29APPRECIATE THE, THE, THE REASON

1:39:32WHY WE'RE DOING THAT. BUT THAT

1:39:33WAS JUST AT THE ADVICE OF HEIDI

1:39:35BROWN. OKAY. I'M NOT TOTALLY

1:39:36CLEAR. I DON'T KNOW IF THERE'S

1:39:38SOME FURTHER INFORMATION ABOUT

1:39:39WHAT THAT ONE TWO STEP IS. I

1:39:42DON'T KNOW. I SEE HEIDI SHAKING

1:39:43HER HEAD BACK THERE. MAYBE HE

1:39:45CAN HELP. AND ALSO RUTH CAN

1:39:46HELP.

1:39:47>> SORRY, THIS DOES AMEND THE.

1:39:48THIS DOES AMEND THE TAO. IT

1:39:49ADDS A DIRECTIVE TO THE TAO

1:39:51ITSELF.

1:39:52>> OKAY. IT SAYS IN THE EMAIL

1:39:54WE GOT AMEND ORDINANCE 192207,

1:39:58WHICH IS THE SUPPLEMENTAL

1:39:59BUDGET WE PASSED A COUPLE

1:40:00MONTHS AGO AS A AS OPPOSED TO

1:40:02JUST ADDING A NEW DIRECTIVE

1:40:04HERE.

1:40:06>> SORRY, I THINK THAT PART

1:40:08ORDINANCE 192207 SHOULD NOT BE

1:40:11THERE. I THINK IT SHOULD JUST

1:40:12SAY AMEND THE FALL TECHNICAL

1:40:15ADJUSTMENT ORDINANCE.

1:40:16>> THERE YOU GO. OKAY, SO WE

1:40:18WILL I'M GOING TO GO AHEAD AND

1:40:20WITHDRAW THE AMENDMENT FOR

1:40:21RIGHT NOW, JUST TO MAKE SURE WE

1:40:22HAVE THE ACTUAL TECHNICAL

1:40:23LANGUAGE FIXED AND TIGHTENED UP.

1:40:25AND I WILL REINTRODUCE THIS AT

1:40:26THE FULL COUNCIL.

1:40:27>> OKAY. I GUESS JUST TO PUT ON

1:40:30THE RECORD WHAT MY OTHER

1:40:31QUESTIONS WERE, IT'S YOU'RE

1:40:33GOOD THERE FOR COUNCILOR

1:40:34COUNCIL PRESIDENT HERE. BUT I,

1:40:36I, I DO THINK JUST TO PUT THAT

1:40:39ON THE RECORD FOR LATER, I

1:40:41THINK THERE IS A CONVERSATION I

1:40:42AGREE WITH WITH COUNCILOR SMITH

1:40:43ABOUT HOW COUNCIL OPERATIONS

1:40:47OPERATES. I THINK THE WAY THAT

1:40:48IT'S WORKING WITH THE FOLKS

1:40:49THAT ARE IN THE OFFICE IS

1:40:52DIFFERENT THAN THE ONES THAT

1:40:53ARE IN OUR OFFICES. AND I'M

1:40:55VERY FORTUNATE AS A D2

1:40:57COUNCILOR, WE'RE VERY WELL

1:40:58SUPPORTED. I CAN'T SPEAK TO ALL

1:41:00THE OTHERS. I'M SURE THEY ARE

1:41:02AS WELL, BUT I JUST DON'T HAVE

1:41:04THAT EXPOSURE. AND SO BUT I DO

1:41:06THINK THAT THERE'S SORT OF A A

1:41:08CONVERSATION ABOUT HOW THAT

1:41:09TEAM WORKS AND HOW IT'S NOT HOW

1:41:12IT'S STRUCTURALLY, AS OPPOSED

1:41:14TO CULTURALLY INDEPENDENT FROM

1:41:16THE COUNCIL PRESIDENT, BECAUSE

1:41:18RIGHT NOW IT IS CULTURALLY

1:41:19INDEPENDENT IN THE SENSE THAT I

1:41:20DON'T THINK THERE'S BEEN ANY

1:41:22ISSUE WITH INDIVIDUAL

1:41:24COUNCILORS. BUT COUNCIL

1:41:25PRESIDENT'S, YOU KNOW,

1:41:26DIRECTING IT IN ANY NECESSARILY

1:41:29SUBJECTIVE WAY. BUT THERE'S NO

1:41:31STRUCTURE THAT PROTECTS THAT.

1:41:32AND SO I WANT TO MAKE SURE THAT

1:41:34THAT'S A BROADER CONVERSATION

1:41:35AND THAT THIS DOESN'T PRECLUDE

1:41:37THAT CONVERSATION. THAT'S ONE

1:41:38OF THE BIG THINGS THAT WE

1:41:40HAVEN'T, I THINK, GOTTEN INTO

1:41:41YET. BUT I APPRECIATE THAT. SO

1:41:43THE AMENDMENT HAS BEEN

1:41:45WITHDRAWN. WE'RE NOW BACK IN

1:41:47THE MAIN QUEUE. COUNCILOR SMITH,

1:41:50ARE YOU STILL ARE YOU IN THE

1:41:52QUEUE?

1:41:52>> I HAVE.

1:41:53>> A POINT OF ORDER. SO CAN I

1:41:56SAY ONE LAST THING ABOUT THIS?

1:41:58AND I WANT US TO BE AWARE OF I

1:42:00KNOW IT'S GOING TO THE BIG

1:42:02COUNCIL, BUT WE ALSO NEED TO

1:42:03UNDERSTAND. REMEMBER, THE MAYOR

1:42:05HAS PUT A HOLD ON MERIT RAISES

1:42:08FOR ALL EMPLOYEES. SO OUR

1:42:11COUNCIL OPS WILL BE GETTING

1:42:12SOMETHING THAT SOMEBODY THAT

1:42:14NONE OF OUR OTHER EMPLOYEES ARE

1:42:15GETTING AT THIS POINT. SO I

1:42:16JUST WANT TO I KNOW, COUNCIL

1:42:19PRESIDENT THAT YOU LIKE TO BE

1:42:20IN ORDER, AND YOU WANT TO MAKE

1:42:22SURE THAT THINGS ARE DONE RIGHT

1:42:23AND TRANSPARENT. JUST

1:42:24UNDERSTAND NO ONE ELSE IS

1:42:25GETTING THIS ABILITY TO DO THIS

1:42:27RIGHT NOW. SO THANK YOU.

1:42:31>> JUST JUST TO BE CLEAR,

1:42:32THAT'S NOT TECHNICALLY A POINT

1:42:34OF ORDER, BUT YOU'RE IN THE

1:42:35QUEUE, SO IT'S ALL FINE, BUT I

1:42:37WANTED TO GIVE YOU A CHANCE TO

1:42:39RESPOND TO THAT IF YOU'D LIKE

1:42:40TO. COUNCIL PRESIDENT.

1:42:41>> THERE ARE SOME SOME LIMITED

1:42:42CASES STILL IN THE CITY, LIKE

1:42:44WHERE WE CAN GIVE MERIT

1:42:45INCREASES. IT IS TYPICALLY

1:42:48RESTRICTED. AND YOU'RE RIGHT,

1:42:49THE MAYOR HAS RESTRICTED MERIT

1:42:52INCREASES FOR FOLKS IN THE

1:42:54EXECUTIVE. THAT DOESN'T APPLY

1:42:55TO THE LEGISLATIVE BRANCH,

1:42:56THOUGH. WE CAN GIVE MERIT

1:42:57INCREASES TO OUR STAFF AND THAT

1:43:00AND THAT IS SORT OF PART OF WHY

1:43:01THIS STRUCTURALLY, WITH COUNCIL

1:43:04OPERATIONS BEING A DIRECT

1:43:06REPORT TO THE COUNCIL, THAT WAS

1:43:08THE THOUGHT THERE. BUT THAT IS

1:43:10A VALID POINT.

1:43:14>> THANKS. COUNCILOR.

1:43:17PIRTLE-GUINEY.

1:43:18>> THANKS, CHAIR. COUNCIL

1:43:20PRESIDENT, YOU'VE WITHDRAWN THE

1:43:25AMENDMENT. WE STILL WANT TO

1:43:28MAKE SURE THAT. THAT THERE IS

1:43:34AN OPPORTUNITY, IF A RAISE IS

1:43:37APPROPRIATE FOR THAT TO OCCUR

1:43:40WITHOUT THIS AMENDMENT, WHAT IS

1:43:42THE PROCESS? DOES THAT GO

1:43:45DIRECTLY TO YOU? AND DANA

1:43:46DOESN'T HAVE A SAY?

1:43:47>> NO. CURRENTLY, THERE'S NOT

1:43:48AN ABILITY FOR MERIT INCREASES

1:43:50FOR ANYBODY IN COUNCIL OPS. I

1:43:52WILL BE REINTRODUCING A NEW

1:43:53AMENDMENT. I WILL WORK WITH OUR

1:43:54FRIENDS AT CBO AND THE CITY

1:43:56ATTORNEYS TO MAKE SURE THAT THE

1:43:57LANGUAGE IS ACCURATE AND THAT

1:43:58WE ARE NOT REFERENCING OLD

1:44:01RESOLUTIONS OR ORDINANCES.

1:44:03>> THANK YOU.

1:44:06>> THANK YOU, AND I APPRECIATE

1:44:07THAT CLARIFICATION. AND THE

1:44:08INDEPENDENCE OF THE LEGISLATIVE

1:44:09BRANCH IS IS REALLY HELPFUL.

1:44:11I'M IN THE QUEUE. SO THIS IS ME

1:44:13STARTING TO DO THAT. I DID WANT

1:44:15TO RAISE. I'M NOT GOING TO DO

1:44:16ANYTHING AMENDMENT WISE ABOUT

1:44:17IT TODAY, BUT JUST WANTED TO

1:44:19FLAG. I RAISED IN THE WORK

1:44:20SESSION A FEW SPECIFIC DECISION

1:44:22PACKAGES THAT I HAD QUESTIONS

1:44:23ABOUT SPECIFICALLY RELATED TO

1:44:25LARGE ENCUMBRANCE CARRYOVER FOR

1:44:28PORTLAND SOLUTIONS, AND THE

1:44:30PROCESS QUESTIONS WERE A BIG

1:44:31PART OF THAT AS TO WHY. WE

1:44:35BUILT A BUDGET THAT REQUIRED AN

1:44:37ENCUMBRANCE CARRYOVER. AFTER

1:44:38TALKING ABOUT THAT LAST YEAR, I

1:44:41ALSO WANTED TO ASK, AND WE'LL

1:44:43FOLLOW UP. I'M JUST SAYING IT

1:44:45IN THE INTEREST OF TIME TO NOT

1:44:46ASK QUESTIONS NOW, BECAUSE I'LL

1:44:48RAISE THEM AT THE COUNCIL ABOUT

1:44:50DECISION PACKAGE 28447, WHICH

1:44:52TALKS ABOUT ALLOWING FOR TWO

1:44:54MORE TIF DISTRICTS AS A LIKE A

1:44:59$10 MILLION MOVE THERE TO ALLOW

1:45:02FOR BONDS TO BE ISSUED FOR TWO

1:45:04MORE TIF DISTRICTS. AND THEN I

1:45:05RAISED, I THINK, FOUR OTHER

1:45:06ONES DURING THE THE WORK

1:45:09SESSIONS THAT I'M GOING TO

1:45:09FOLLOW UP ON AS WELL. I DON'T

1:45:13EXPECT TO HAVE AMENDMENTS SO

1:45:14MUCH AS I JUST HAVEN'T HAD A

1:45:16CHANCE TO GET ALL THE QUESTIONS

1:45:17ASKED, LET ALONE ANSWERED. SO

1:45:19THAT'S ON ME, BUT WANTED TO

1:45:20FLAG IT BEFORE WE GET TO

1:45:22COUNCIL, JUST FOR THE RECORD,

1:45:24COUNCILOR GREEN.

1:45:26>> YOU JUST. THANK YOU, CHAIR.

1:45:28YOU JUST SOMETHING THAT CAUGHT

1:45:29MY INTEREST. TWO NEW TIF

1:45:31DISTRICTS ARE THESE IN ADDITION

1:45:32TO THE ONES THAT WERE EXPANDED

1:45:33OR CAN YOU ELABORATE?

1:45:35>> I DON'T KNOW. SO THAT'S THE

1:45:37THAT'S THE REASON FOR THE

1:45:39QUESTION IN THE FIRST PLACE.

1:45:40YEAH. IF I DON'T KNOW IF IF ANY

1:45:43STAFFERS CAN SPEAK TO TWO,

1:45:45EIGHT, FOUR, FOUR, SEVEN, IT'S

1:45:48A DECISION PACKAGE UNDER FUND

1:45:49AND DEBT MANAGEMENT SAYS THIS

1:45:52DECISION PACKAGE WILL ALLOW FOR

1:45:53SHORT TERM BOND ISSUANCES FOR

1:45:54TWO MORE TIF DISTRICTS AND WILL

1:45:56UPDATE INTEREST EARNING REVENUE

1:45:57TO A MORE REALISTIC EXPECTATION.

1:45:59AND THAT IS THE SUM TOTAL OF

1:46:00WHAT IT SAYS.

1:46:02>> YEAH. GOOD MORNING. FOR THE

1:46:03RECORD. JONAS BIERY CHIEF

1:46:04FINANCIAL OFFICER WE'RE DOUBLE

1:46:06CHECKING THAT. BUT AND WE CAN

1:46:08CERTAINLY PROVIDE RESPONSES IN

1:46:09WRITING, INCLUDING ANY OTHER

1:46:10QUESTIONS THAT COME UP FROM

1:46:12COUNCIL RELATED TO OUR DECISION

1:46:14PACKAGES. MY UNDERSTANDING IS

1:46:15THAT'S NOT RELATED TO NEW TIF

1:46:18DISTRICTS, BUT ADJUSTMENTS TO

1:46:19THE BORROWING PLAN THAT

1:46:21REQUIRES SORT OF NEW BUDGETARY

1:46:23APPROPRIATION TO FACILITATE THE

1:46:25THE DEBT ISSUANCE, THE LINE OF

1:46:27CREDIT, OR WHATEVER THE CASE

1:46:28MAY BE, SO THAT THOSE PLANS

1:46:31WITHIN THOSE DISTRICTS CAN

1:46:32CONTINUE IN THE CURRENT YEAR.

1:46:33SO IT'S NOT NEW NEW DISTRICTS,

1:46:37BUT BUT NEW ALLOCATION OF THAT

1:46:3910 MILLION. BUT WE'LL CERTAINLY

1:46:40GET BACK WITH YOU IN WRITING

1:46:42WITH A FORMAL ANSWER. ONCE WE

1:46:43CAN TALK TO THE DEBT MANAGER

1:46:45AND PROSPER TEAM.

1:46:48>> OKAY, THANKS.

1:46:50>> THANK YOU. COUNCIL. VICE

1:46:52PRESIDENT. CLERK.

1:46:55>> THANK YOU, CHAIR. REGARDING

1:46:59THE TIF DISTRICTS, I THINK WE

1:47:01MAYBE NEED A LITTLE BIT MORE

1:47:03CLARIFICATION. AS I UNDERSTAND,

1:47:06WE MAY REOPEN OLDER TIF

1:47:10DISTRICTS IF WE COULD GET A

1:47:11CLARIFICATION ON THAT,

1:47:12PARTICULARLY REGARDING THE PSU

1:47:16PROPOSAL, THE PERFORMING ARTS

1:47:19PROJECT. I DON'T KNOW IF

1:47:21THERE'S ANYBODY IN THE ROOM

1:47:23THAT CAN ADDRESS THE TIF ISSUE

1:47:25OR IF WE JUST NEED TO PUNT TO

1:47:27ANOTHER TIME, BUT I WOULD JUST

1:47:28PUT A PIN IN THAT.

1:47:34>> COUNCILOR THANK YOU FOR THE

1:47:35QUESTION. YEAH, I KNOW THERE'S

1:47:37SOME ONGOING DIALOG ABOUT THAT.

1:47:39I DON'T HAVE THE ANSWERS IN

1:47:41FRONT OF ME TODAY, BUT WE'LL

1:47:42PUT THIS IN THE IN THE PUNCH

1:47:44LIST OF QUESTIONS AND WORK TO

1:47:45GET AN ANSWER BACK TO YOU.

1:47:51>> ALL RIGHT. SEEING NO ONE

1:47:52ELSE IN THE QUEUE, I WOULD, I

1:47:54GUESS, ASK FOR A MOTION TO

1:47:56REFER THE TECHNICAL ADJUSTMENT

1:48:00ORDINANCE ON TO THE FULL

1:48:02COUNCIL.

1:48:04>> SO MOVED.

1:48:05>> SECOND.

1:48:06>> OKAY. THERE'S A MOTION FROM

1:48:07COUNCILOR PIRTLE-GUINEY AND

1:48:09SECONDED BY COUNCILOR NOVICK. I

1:48:11SORRY, WITH A DUE PASS

1:48:13RECOMMENDATION, I FORGOT TO ASK

1:48:14THAT.

1:48:14>> PART WITH A DUE PASS

1:48:16RECOMMENDATION.

1:48:16>> ANY FURTHER DISCUSSION ON

1:48:17THIS ITEM? SEEING NONE. REBECCA,

1:48:19WILL YOU PLEASE CALL THE ROLL.

1:48:22>> CALLING THE ROLE ON DOCUMENT

1:48:23NUMBER 2026-366. AND THAT WAS

1:48:27MOVED BY PIRTLE-GUINEY.

1:48:28SECONDED BY NOVICK. THANK YOU.

1:48:32>> CLERK I.

1:48:35>> GREEN I.

1:48:36>> ZIMMERMAN I.

1:48:39>> SORRY, THAT WAS I THANK YOU.

1:48:46>> AVALOS I.

1:48:48>> DUNPHY I.

1:48:49>> SMITH I.

1:48:51>> PIRTLE-GUINEY I.

1:48:52>> RYAN I.

1:48:54>> KOYAMA LANE I.

1:48:56>> MORILLO I.

1:48:58>> NOVICK I.

1:49:00>> KANAL I.

1:49:01>> AND THE MOTION TO REFER IS

1:49:02APPROVED WITH 12 VOTES.

1:49:05>> THANK YOU COLLEAGUES. I

1:49:06WOULD ALSO ASK FOR A MOTION TO

1:49:08REFER ON RESOLUTION 2026-367.

1:49:11THAT'S THE BUDGET CALENDAR TO

1:49:12THE COUNCIL.

1:49:13>> SO MOVED WITH A DUE PASS

1:49:15RECOMMENDATION.

1:49:16>> MOVED BY DUNPHY. IS THERE A

1:49:17SECOND? SECOND SECONDED BY

1:49:20AVALOS. IS THERE ANY FURTHER

1:49:21DISCUSSION ON THIS ITEM?

1:49:24REBECCA, WILL YOU PLEASE CALL

1:49:25THE ROLL?

1:49:29>> CALLING THE ROLE ON 2026-367.

1:49:35MOVED BY DUNPHY, SECONDED BY

1:49:38AVALOS. CLERK. A GREEN

1:49:43ZIMMERMAN NO. AVALOS. I DUNPHY.

1:49:49I SMITH.

1:49:51>> NO.

1:49:53>> PIRTLE-GUINEY NO.

1:49:58>> RYAN.

1:49:58>> I APPRECIATE THE ADJUSTMENTS

1:50:00WE TALKED ABOUT TO THE CALENDAR,

1:50:01SO I.

1:50:03>> KOYAMA LANE I.

1:50:05>> MORILLO I.

1:50:07>> NOVICK I.

1:50:08>> KANAL. I AND THE MOTION TO

1:50:11REFER WITH A DUE PASS

1:50:12RECOMMENDATION IS APPROVED WITH

1:50:13NINE I THREE NAY.

1:50:16>> THANK YOU. AND THEN LAST BUT

1:50:18NOT LEAST, ORDINANCE 2026-368.

1:50:22ADDING THE NEW CODE CHAPTER

1:50:245.90 WOULD LOOK FOR A MOTION TO

1:50:25REFER THAT ON TO THE FULL

1:50:27COUNCIL.

1:50:29>> SO MOVED WITH A DUE PASS

1:50:31RECOMMENDATION.

1:50:32>> SECOND.

1:50:33>> ALL RIGHT. MOVED BY

1:50:34COUNCILOR PIRTLE-GUINEY,

1:50:35SECONDED BY COUNCIL PRESIDENT

1:50:36DUNPHY. IS THERE ANY FURTHER

1:50:38DISCUSSION ON THIS ITEM? I

1:50:41DON'T KNOW, THIS IS THE THE

1:50:43CREATION OF THE REFERRING THE

1:50:46ORDINANCE THAT CREATES THE

1:50:47BUSINESS LICENSE TAX

1:50:48STABILIZATION RESERVE FUND. I

1:50:52GOT WORDS WE'RE ALL IN THE

1:50:53RIGHT ORDER THERE. I MISSED

1:50:55VOTING ON THEM. YEAH. YES. THAT

1:50:56IS A YEAH. ALL RIGHT. SEEING NO

1:50:59ONE ELSE IN THE QUEUE. REBECCA,

1:51:01WILL YOU PLEASE CALL THE ROLL

1:51:02ON THIS ONE.

1:51:03>> MOTION TO REFER DOCUMENT

1:51:06NUMBER 2026-368. FULL COUNCIL

1:51:09WITH A DUE PASS RECOMMENDATION

1:51:11MOVED BY PIRTLE-GUINEY.

1:51:13SECONDED BY DUNPHY. CLERK. I

1:51:17GREEN. I ZIMMERMAN. I AVALOS. I

1:51:23DUNPHY. I SMITH. I

1:51:26PIRTLE-GUINEY. I RYAN. I KOYAMA

1:51:29LANE. I MORILLO. I NOVICK. I

1:51:35KANAL. I AND THE MOTION TO

1:51:37REFER IS APPROVED WITH 12 VOTES.

1:51:39>> ALL RIGHT, COLLEAGUES, THAT

1:51:40COMPLETES THE COMMITTEE OF THE

1:51:41WHOLE CONSIDERATION OF THE FALL

1:51:44TECHNICAL ADJUSTMENT. WE'RE

1:51:45GOING TO. WE HAVE A COUPLE

1:51:47THINGS LEFT ON THE AGENDA. BUT

1:51:48FIRST, WE'RE GOING TO TAKE A

1:51:50BREAK. SO IF WE COULD ALL

1:51:51PLEASE COME BACK BY 1130 SO WE

1:51:53CAN ACTUALLY START A COUPLE

1:51:54MINUTES AFTER THAT, WE'LL TAKE

1:51:56A RECESS. THANKS.

2:06:57ALL RIGHT.

2:06:57THANKS, COLLEAGUES. WE'RE GOING

2:07:00TO SLOWLY COME BACK TO ORDER.

2:07:05ALL RIGHT. WITH THAT, I GUESS

2:07:07IF REBECCA, IF YOU COULD PLEASE

2:07:08READ ITEM FIVE.

2:07:11>> AMEND BUSINESS LICENSE LAW

2:07:13CODE TO INCLUDE NEW

2:07:15COMPENSATION RATIOS AND

2:07:16INCREASE THE CEO PAY RATIO,

2:07:18SURTAX AND GROSS RECEIPTS

2:07:20EXEMPTION AMOUNT AMEND CODE

2:07:22SECTION 7.02.400 AND 7.02.500.

2:07:27DOCUMENT NUMBER 2026-348.

2:07:31>> THANK YOU. SO, COLLEAGUES,

2:07:33WHERE WE LAST LEFT OFF ON THIS,

2:07:34WE'D HEARD THE PRESENTATION IN

2:07:36BRIEF. I THINK SOME OF THE

2:07:37MEMBERS, THE SPONSORS HAD

2:07:39DECIDED TO RETAIN THEIR SPONSOR

2:07:40COMMENTS UNTIL LATER TO ALLOW

2:07:42FOR TESTIMONY TO BE HEARD. AND

2:07:44THEN WE HEARD ALL THE TESTIMONY

2:07:47THAT ALL THE ORAL TESTIMONY,

2:07:49THE WRITTEN RECORD REMAINED

2:07:51OPEN. IT'S STILL OPEN NOW, I

2:07:53THINK, AND WE ARE PICKING UP

2:07:55WHERE WE LEFT OFF RIGHT AT THE

2:07:57END OF TESTIMONY. AS I

2:07:59MENTIONED, THERE IS ONE OTHER

2:08:00ITEM ON THE AGENDA AFTER THIS.

2:08:02WE MAY NOT END UP GETTING TO A

2:08:04VOTE ON THIS ITEM TODAY AND MAY

2:08:06CONTINUE THIS ON TO ANOTHER

2:08:08AGENDA, BUT I JUST WANTED TO TO

2:08:09FLAG THAT BEFORE WE GET STARTED

2:08:11AND ALLOW COLLEAGUES TO EITHER

2:08:12REMOVE THEMSELVES FROM THE

2:08:13QUEUE IF THOSE ARE LEGACY HANDS

2:08:15OR GET INTO THE QUEUE IF THEY

2:08:16ARE NOT. ALL RIGHT. COUNCILOR

2:08:18GREEN, FOLLOWED BY COUNCILOR

2:08:20NOVICK.

2:08:21>> THANK YOU, CHAIR. THANK YOU,

2:08:24COLLEAGUES, FOR THE DISCUSSION

2:08:26HERE. I JUST WANT TO BRING US

2:08:27BACK TO WHERE WE WERE LAST WEEK.

2:08:29WE HEARD THE TESTIMONY OVER THE

2:08:32COURSE OF THAT TIME WE'VE

2:08:34RECEIVED. OH, GEEZ. WHAT IS THE

2:08:36NUMBER NOW? 251 PIECES OF

2:08:38WRITTEN TESTIMONY. AND 81% OF

2:08:41THAT TESTIMONY IS IN SUPPORT OF

2:08:42THIS ORDINANCE THAT TRACKS

2:08:44PRETTY CLOSELY WITH POLLING ON

2:08:46THIS TYPE OF TAX PROPOSAL,

2:08:49WHERE 89, 87% OF DEMOCRATS

2:08:51SUPPORT, YOU KNOW, TAX ON LARGE

2:08:53CORPORATIONS WHO PAY THEIR CEO

2:08:54TOO MUCH, EVEN OVER 77% OF

2:08:57REPUBLICANS ALSO SUPPORT THAT

2:08:59AS WELL. SO THIS IS A SORT OF

2:09:01BROADLY POPULAR PROPOSAL,

2:09:04BECAUSE THERE IS A SHARED

2:09:05RECOGNITION THAT OVER THE LAST

2:09:07SEVERAL DECADES, WE HAVE

2:09:11WATCHED THE LARGEST

2:09:12CORPORATIONS IN AMERICA TAKE

2:09:14MORE AND MORE AND MORE OF THE

2:09:15NET INCOME OF SOCIETY, AND PAY

2:09:18WORKERS LESS AND LESS AND LESS,

2:09:20AND LEAVE AND LEAVE CITIES OUT

2:09:21IN THE LURCH. AND SO I JUST

2:09:23WANT TO SAY, JUST BROADLY,

2:09:25EVERYONE DESERVES ECONOMIC

2:09:27SECURITY. AND YET WE'VE HEARD

2:09:29FROM THOUSANDS OF PORTLANDERS

2:09:30OVER THE LAST TWO YEARS AND

2:09:31HUNDREDS JUST OVER THE LAST

2:09:33WEEK THAT PEOPLE ARE STRUGGLING

2:09:34TO AFFORD DAILY LIFE. AND SO IN

2:09:36THE CONTEXT OF THE FACT THAT

2:09:38WE'RE IN OUR OWN FINANCIAL

2:09:40CRISIS AND IN THE CONTEXT OF,

2:09:42OF RECOGNIZING THAT WE NEED TO

2:09:44THINK NOT JUST FOR THE NEXT

2:09:45BUDGET, BUT 2 OR 3 BUDGETS DOWN

2:09:47THE ROAD. WE HAVE TO MAKE A

2:09:49CHANGE IN OUR REVENUE STRUCTURE,

2:09:50AND THIS IS AN OPPORTUNITY TO

2:09:52MOVE IN THAT DIRECTION. SO I'M

2:09:53HAPPY TO TAKE ANY SORT OF

2:09:55TECHNICAL QUESTIONS ANYONE HAVE.

2:09:56AND I'LL JUST I'LL JUST LEAVE

2:09:57YOU WITH THIS. I THINK IT'S

2:09:59IMPORTANT TO PUT INTO CONTEXT

2:10:01THAT THE SCALE OF THE TRUMP TAX

2:10:02CUTS, THE TRUMP TAX CUTS

2:10:04STARTING IN 2017, AND THEN WHAT

2:10:06MOST RECENTLY WITH THE BIG

2:10:07BEAUTIFUL BILL TOGETHER, THAT'S

2:10:10$1.4 TRILLION IN TAX CUTS OVER

2:10:12A TEN YEAR PERIOD. AND SO IF

2:10:14EVERY CITY WITH A POPULATION

2:10:16GREATER THAN 500,000 IN THE

2:10:19UNITED STATES, THAT'S 39 CITIES.

2:10:21IF EVERY SINGLE ONE OF THOSE

2:10:22CITIES DID SOMETHING LIKE THIS

2:10:24RAISE SIMILAR AMOUNT OF REVENUE,

2:10:26IT WOULD IT WOULD ONLY RESULT

2:10:28IN A 2.4% OF THE TRUMP TAX CUTS.

2:10:31OKAY. THAT'D BE LIKE A A NORMAL

2:10:34SIZED GUY STANDING NEXT TO THE

2:10:35PORTLAND BUILDING IN TERMS OF

2:10:36SCALE. SO I'LL STOP YAMMERING

2:10:40ON ABOUT IT. WE'LL GET INTO A

2:10:41NICE LITTLE DISCUSSION ON IT.

2:10:43AND AND BY THE WAY, AGAIN, IF

2:10:45ANYONE WANTS TO CO-SPONSOR THIS,

2:10:47YOU'RE MORE THAN WELCOME TO AT

2:10:48THIS TIME, WE'D BE HAPPY TO

2:10:49WORK WITH YOU GUYS ON THIS.

2:10:51THANKS.

2:10:52>> THANK YOU, COUNCILOR GREEN.

2:10:54NEXT IN THE QUEUE IS COUNCILOR

2:10:55NOVICK.

2:10:56>> THANK YOU, MR. CHAIRMAN. I

2:10:57APOLOGIZE IN ADVANCE FOR HAVING

2:10:59A BUNCH OF STUFF TO SAY, BUT I

2:11:00THINK I HAVE A FAIR AMOUNT OF

2:11:02DIRECTLY RELEVANT PERSONAL

2:11:03EXPERIENCE. I OBVIOUSLY LIKE

2:11:05THE IDEA OF TAXING CORPORATIONS

2:11:06THAT HAVE VASTLY OVERPAID CEOS,

2:11:09BUT WHEN I INTRODUCED THIS

2:11:11CONCEPT IN 2016, IT WAS NOT

2:11:14REALLY TO RAISE A LOT OF MONEY.

2:11:15IT WAS TO MAKE A POINT AND

2:11:17INSPIRE IMITATORS. WHAT I WAS

2:11:19HOPING IS WE'D SEE A BUNCH OF

2:11:20OTHER LOCAL AND STATE AND

2:11:22ULTIMATELY THE FEDERAL

2:11:22GOVERNMENT ADOPT THIS IDEA, AND

2:11:24THAT WOULD ACTUALLY AFFECT

2:11:25CORPORATE BEHAVIOR.

2:11:25UNFORTUNATELY, THAT HASN'T

2:11:26HAPPENED. ELIZABETH WARREN AND

2:11:27BERNIE SANDERS HAVE INTRODUCED

2:11:29LEGISLATION, BUT IT HASN'T

2:11:30PASSED. AND THE ONLY

2:11:31JURISDICTION THAT'S ACTUALLY

2:11:32ADOPTED A SIMILAR THING IS SAN

2:11:34FRANCISCO. THIS. AND BECAUSE WE

2:11:37WEREN'T RAISING A LOT OF MONEY,

2:11:40IT WOULD THE STAKES WERE KIND

2:11:41OF LOW FOR THE BUSINESS FOLKS.

2:11:43THE CHAMBER OPPOSED THE MEASURE,

2:11:45BUT THERE WAS NO REAL DANGER

2:11:47THEY WERE GOING TO, LIKE, TRY

2:11:48TO REFER IT TO THE BALLOT,

2:11:50BECAUSE IT JUST DIDN'T COST

2:11:51THEM THAT MUCH MONEY. ALTHOUGH

2:11:52IT'S NICE TO HAVE A FEW MILLION

2:11:54A YEAR. THIS IS DIFFERENT. I

2:11:55ASKED PETER HOLTZMAN LAST WEEK

2:11:56IF THERE WERE ANY COMPANIES

2:11:58THAT WOULD WIND UP PAYING MORE

2:11:59THAN $1 MILLION A YEAR IN EXTRA

2:12:01TAXES BECAUSE OF THIS. AND HE

2:12:02SAID, YEAH, THERE'S MORE THAN A

2:12:04DOZEN DON'T KNOW WHICH THEY ARE,

2:12:06BUT WE KNOW THEY EXIST. SO

2:12:07THERE'S COMPANIES THAT IT MIGHT

2:12:08BE WORTH THEIR WHILE TO GATHER

2:12:10THE SIGNATURES TO REFER TO THE

2:12:11BALLOT IF THEY THOUGHT THEY

2:12:13COULD WIN. AND THERE'S A REASON

2:12:14THEY MIGHT THINK THEY COULD WIN,

2:12:16WHICH IS THAT SAN FRANCISCO

2:12:17TRIED TO TURBOCHARGE ITS CEO

2:12:18PAY RATIO TAX SURCHARGE EARLIER

2:12:20THIS YEAR, AND IT LOST AT THE

2:12:24BALLOT, DESPITE THE FACT THAT

2:12:25THERE WAS A SIGNIFICANT

2:12:26CAMPAIGN WHICH, BASED ON DONORS,

2:12:27SEEMS TO HAVE BEEN LED BY

2:12:29VARIOUS ARMS OF SEIU THAT

2:12:30RAISED $3 MILLION TO TRY TO

2:12:32PASS IT. SO THE CORPORATE FOLKS

2:12:35MIGHT BE ENCOURAGED BY THAT AND

2:12:37TRY TO REFER TO THE BALLOT. SO

2:12:38I THINK THAT IF WE VOTE ON THIS,

2:12:40WE SHOULDN'T BE THINKING JUST

2:12:41ABOUT A VOTE, BUT ABOUT A

2:12:43POTENTIAL CAMPAIGN. I HAVE SOME

2:12:44EXPERIENCE IN BIG TAX RELATED

2:12:47CAMPAIGNS. IN THE YEAR 2000,

2:12:49THERE WAS A MEASURE ON THE

2:12:50BALLOT THAT WOULD HAVE GIVEN A

2:12:52HUGE TAX RATE TO RICH PEOPLE BY

2:12:54MAKING ALL FEDERAL TAXES

2:12:55DEDUCTIBLE ON STATE INCOME TAX

2:12:57FORMS. AND I DID EARLY MEDIA

2:13:00AND ORGANIZING AND RESEARCH ON

2:13:01THAT. AND ONE OF THE THINGS WE

2:13:03WERE ABLE TO DO, AND I WAS PAID

2:13:05FOR BY LABOR, BUT ONE OF THE

2:13:07REASONS WE WERE ABLE TO BEAT

2:13:08THAT IS THAT WE WERE ABLE TO

2:13:10GET BIG, THE BIG CORPORATIONS,

2:13:12TO AGREE THAT THIS WOULD HAVE

2:13:13SUCH A DEVASTATING EFFECT ON

2:13:14THE STATE BUDGET, THAT THEY

2:13:15SHOULD OPPOSE IT. AND WE WOUND

2:13:17UP BEATING THAT MEASURE TEN

2:13:18YEARS LATER. I WAS PART OF A

2:13:21CAMPAIGN. I WAS A RESEARCHER.

2:13:22AND AGAIN, ONE OF THE ONE OF

2:13:24THE SPOKESPEOPLE FOR THE

2:13:25CAMPAIGN FOR MEASURE 66 AND 67,

2:13:27WHICH RAISED TAXES ON RICH

2:13:29PEOPLE AND HAD A SMALL TAX ON

2:13:31CORPORATIONS AND 2010. AND THAT

2:13:33WAS A STRAIGHT UP FIGHT BETWEEN

2:13:36EASEAU AND ASKED ME AND THEN A

2:13:38FEW RANDOM NICE RICH PEOPLE AND

2:13:40THE CORPORATIONS AND OUR SIDE

2:13:43WON. WE OUTSPENT THE OTHER SIDE,

2:13:46I THINK ABOUT 3 TO 2. WE ALSO

2:13:47THE LEGISLATURE SENT INTO THE

2:13:49BALLOT. THEY WROTE THE BALLOT

2:13:50TITLE. THE BALLOT TITLE

2:13:51EXPLAINED EXACTLY WHAT CUTS

2:13:53WOULD HAPPEN TO THE STATE

2:13:54BUDGET IF IT DIDN'T PASS. SO

2:13:56THOSE WERE TWO THINGS IN OUR

2:13:57FAVOR SIX YEARS LATER, AND I

2:14:00WASN'T PART OF THIS CAMPAIGN,

2:14:01BUT OBSERVED IT CLOSELY. THERE

2:14:02WAS A MEASURE ON THE BALLOT

2:14:04MEASURE 97, TO HAVE A BIG GROSS

2:14:06RECEIPTS TAX ON BIG

2:14:07CORPORATIONS. AND I THINK THAT

2:14:08STARTED OFF POLLING WELL. AND

2:14:09WE GOT OUTSPENT LIKE TWO OR 3

2:14:11TO 1, I THINK, AND THAT LOST.

2:14:13BUT A COUPLE OF YEARS LATER,

2:14:17BUSINESS IN THE LEGISLATURE

2:14:18AGREED TO A SMALLER GROSS

2:14:20RECEIPTS TAX BECAUSE THEY

2:14:22FINALLY AGREED THAT THE SCHOOLS

2:14:23NEEDED MORE MONEY. SO I DRAW

2:14:26TWO LESSONS FROM THOSE

2:14:27EXPERIENCES. ONE IS THAT

2:14:31SOMETIMES YOU CAN GET THE

2:14:32CORPORATIONS ON YOUR SIDE IN A

2:14:34REVENUE ISSUE. I DO NOT THINK

2:14:35IT'S IMPOSSIBLE THAT WE MIGHT

2:14:37BE ABLE TO HAVE A REVENUE

2:14:38PACKAGE THAT, LIKE THE PORTLAND

2:14:40CHAMBER OF COMMERCE, CAN LIVE

2:14:41WITH. THERE'S SOME FAIRLY

2:14:44SERIOUS PEOPLE HAVING BEHIND

2:14:45THE SCENES CONVERSATIONS RIGHT

2:14:47NOW ABOUT REVENUE OPTIONS, AND

2:14:50I'M NOT AT LIBERTY TO SAY WHAT

2:14:52THEY ARE. BUT AT SOME POINT, I

2:14:53THINK THAT THOSE CONVERSATIONS

2:14:54WILL SURFACE. AND AT SOME POINT,

2:14:56THE PEOPLE HAVING THOSE

2:14:57CONVERSATIONS WILL PROBABLY

2:14:58TALK TO THE FOLKS AT THE

2:15:00CHAMBER. AND WE KNOW WHAT THE

2:15:01CHAMBER WANTS. THEY WANT MORE

2:15:02MONEY FOR POLICE. AND I THINK

2:15:04THAT AFTER THEY LICK THEIR

2:15:05WOUNDS OVER THE DEMISE OF THE

2:15:07PCF BALLOT MEASURE, THEY MIGHT

2:15:09BE READY TO DEAL. AND SO I

2:15:11WOULDN'T RULE THAT OUT. THE

2:15:13SECOND LESSON I DRAW IS THAT IF

2:15:15YOU'RE GOING TO GO TO WAR WITH

2:15:16BIG CORPORATIONS, YOU WANT

2:15:18POWERFUL ALLIES ON YOUR SIDE.

2:15:20AND BY POWERFUL ALLIES, I MEAN

2:15:21THE BIG UNIONS. I MEAN THE BIG

2:15:24GREEN MACHINE AND THE PURPLE

2:15:25PEOPLE EATERS. SO BEFORE VOTING

2:15:28FOR SOMETHING LIKE THIS, I WANT

2:15:30TO KNOW THE ANSWER TO TWO

2:15:31QUESTIONS. ONE, HAVE WE DONE

2:15:32EVERYTHING WE CAN TO SEE IF WE

2:15:34CAN ACHIEVE OUR OBJECTIVES

2:15:36WITHOUT GOING TO WAR? AND TWO,

2:15:38IF WE'VE DONE THAT AND WE STILL

2:15:40THINK WE NEED TO GO TO WAR, DO

2:15:42WE HAVE THE POWERFUL ALLIES

2:15:43WITH US? AND AT THIS POINT, I

2:15:45THINK THE ANSWER TO BOTH OF

2:15:46THOSE QUESTIONS IS NO.

2:15:49>> THANK YOU. COUNCILOR NOVICK.

2:15:50WE'LL GO TO COUNCIL PRESIDENT

2:15:52DUNPHY, FOLLOWED BY COUNCILOR

2:15:53GREEN. THANK YOU.

2:15:54>> THANK YOU. YOU KNOW,

2:15:56COLLEAGUES, AS COUNCILOR GREEN

2:15:57HAD POINTED OUT, YOU KNOW, WE

2:16:00ARE DEALING WITH A MASSIVE

2:16:01FEDERAL MATH PROBLEM. THE MEGA

2:16:04CORPORATIONS ARE WALKING AWAY

2:16:05WITH TRILLIONS OF DOLLARS IN

2:16:06TAX WINDFALLS WHILE OUR LOCAL

2:16:08COMMUNITIES ARE LEFT HOLDING

2:16:09THE BAG. IT'S BAD ENOUGH THAT

2:16:11WE DON'T HAVE A FEDERAL PARTNER

2:16:12TO ACTUALLY HELP US WITH THE

2:16:14CHALLENGES OF OUR TIMES. WE

2:16:15HAVE A FEDERAL GOVERNMENT

2:16:16THAT'S ACTIVELY MAKING OUR JOBS

2:16:17HARDER. AND AT THE SAME TIME,

2:16:19IN MY TWO YEARS AS A CITY

2:16:20COUNCILOR, I'VE ONLY MET ONE

2:16:22LOCAL SMALL BUSINESS IN EAST

2:16:23PORTLAND THAT HAS DESCRIBED

2:16:24THEMSELVES AS THRIVING. AND

2:16:26IT'S A TWO WOMAN TRASH HAULING

2:16:28TEAM WHO HAS A CONTRACT WITH

2:16:29RID. I REALLY BELIEVE THAT WE

2:16:32NEED TO DO SOMETHING, AND I

2:16:34THINK THAT THIS IS. THE FAIR

2:16:35SHARE TAX ORDINANCE IS OUR

2:16:37OPPORTUNITY TO ACTUALLY

2:16:38INFLUENCE THAT THAT EQUATION IN

2:16:39PORTLAND IN SOME MEANINGFUL WAY

2:16:41BY DELIVERING TAX CUTS TO THE

2:16:43SMALLEST OF SMALL BUSINESSES.

2:16:45THEY'RE TRULY THE ONLY PEOPLE

2:16:46WHO ARE ACTUALLY INVESTING IN

2:16:48OUR COMMUNITY RIGHT NOW. THERE

2:16:49ARE VERY FEW CRANES IN THE SKY,

2:16:50BUT EVERY DAY WE HEAR THAT

2:16:52THERE ARE NEW PEOPLE SHOWING UP

2:16:53TO PERMITTING AND DEVELOPMENT

2:16:55TO TRY AND OPEN A SMALL

2:16:56BUSINESS. AND 90% OF THE

2:16:57EMPLOYERS IN OUR COMMUNITY ARE

2:17:00EMPLOYING TEN OR FEWER PEOPLE,

2:17:01AND THEY EARN LESS THAN HALF $1

2:17:04MILLION A YEAR. WE BALANCE OUR

2:17:07LEDGER NOT BY HURTING THE LOCAL

2:17:09ECONOMIC ENGINES THAT ARE

2:17:10ACTUALLY KEEPING OUR

2:17:11NEIGHBORHOODS ALIVE, BUT BY

2:17:12ASKING THE ROUGHLY 400

2:17:14MULTI-MILLION DOLLAR, PUBLICLY

2:17:16TRADED CORPORATIONS TO

2:17:17CONTRIBUTE A MODEST FRACTION OF

2:17:19THEIR LOCALIZED NET PROFITS

2:17:20BACK INTO THE CITY THAT

2:17:21GENERATED THEIR WEALTH. IT'S A

2:17:24COMMON SENSE, OVERWHELMINGLY

2:17:26POPULAR REBALANCING THAT KEEPS

2:17:27WEALTH ON OUR MAIN STREETS,

2:17:29PROTECTS OUR SMALL BUSINESS

2:17:30OWNERS FROM SHIFTING CITY COSTS,

2:17:32AND IT'S GOING TO HELP US FUND

2:17:34THE CRITICAL PARKS AND PUBLIC

2:17:35SAFETY SERVICES THAT

2:17:36PORTLANDERS RELY ON. 60 PLUS

2:17:40COUNCILOR NOVICK ARE SAYING,

2:17:41YOU'RE RIGHT, WE DO NEED A

2:17:43LARGE COALITION, AND WE NEED TO

2:17:45HAVE OVERWHELMING SUPPORT FROM

2:17:46THE OUTSIDE THAT SHOWS THAT WE

2:17:48ARE THAT THIS IS THE RIGHT

2:17:50DIRECTION TO GO. AND I HAVE

2:17:51BEEN REALLY IMPRESSED BY THE 60

2:17:53PLUS DIFFERENT COMMUNITY AND

2:17:54BUSINESS ORGANIZATIONS AND THE

2:17:5550 PLUS SMALL BUSINESS OWNERS

2:17:56THAT HAVE ACTIVELY ENDORSED THE

2:17:58FAIR SHARE. BUT YOU'RE RIGHT,

2:17:59WE NEED A MUCH LARGER COALITION

2:18:01TO REALLY MEANINGFULLY

2:18:02DEMONSTRATE THAT THIS IS NOT A

2:18:04ONE OFF, BUT THIS IS A NEW PATH

2:18:06FORWARD. I, I REALLY ENCOURAGE

2:18:07MY COLLEAGUES TO FIND A PATH TO

2:18:09SUPPORT THIS, EVEN IF IT'S NOT

2:18:11TODAY, IF THIS NEEDS MORE WORK

2:18:14OR TO FIND A WAY TO, TO

2:18:15ACTUALLY DELIVER THAT RELIEF TO

2:18:17THE ACTUAL PEOPLE WHO ARE

2:18:18MAKING PORTLAND SPECIAL. I

2:18:20REALLY ENCOURAGE IT BECAUSE

2:18:22EVERY DAY I'M HEARING THOSE

2:18:23SAME SAD STORIES ABOUT THE

2:18:25PINCH HAPPENING AT THE BOTTOM

2:18:26AND WATCHING MILLIONS OF

2:18:27DOLLARS GETTING PULLED OUT OF

2:18:28OUR COMMUNITY WITH NOTHING TO

2:18:30SHOW FOR IT. SO I'M A BIG FAN

2:18:32OF WHERE WE'RE TRYING TO GO.

2:18:33AND COLLEAGUES, I HOPE WE CAN.

2:18:35WE CAN FIND A PATH FORWARD.

2:18:36THANK YOU.

2:18:38>> THANK YOU. COUNCILOR DUNPHY.

2:18:39GO TO COUNCILOR PIRTLE-GUINEY,

2:18:41FOLLOWED BY COUNCILOR SMITH.

2:18:45>> THANK YOU, CHAIR COLLEAGUES,

2:18:48I'VE GOT A LITTLE BIT TO SAY

2:18:50HERE AND THEN SOME QUESTIONS

2:18:52THAT I'LL ASK. YOU KNOW, WE ARE

2:18:55IN A FUNDING CRISIS. WE ARE IN

2:18:57A FUNDING CRISIS ACROSS ALL

2:18:59LEVELS OF GOVERNMENT AT THE

2:19:01LOCAL, STATE AND FEDERAL LEVEL.

2:19:02WE ARE SEEING MASSIVE CUTS TO

2:19:04CRITICAL PROGRAMS, AND IT IS

2:19:06NOT BY ACCIDENT. FEDERAL

2:19:09POLICIES RECENTLY HAVE

2:19:10EXACERBATED BUDGET HOLES. YES,

2:19:11BUT LONG STANDING POLICIES, TAX

2:19:14CUTS FOR TOP INCOME EARNERS,

2:19:16TAX CREDITS FOR EMPTY BUILDING

2:19:19UNITS, THE EASE WITH WHICH THE

2:19:20VERY WEALTHY CAN USE OFFSHORE

2:19:21ACCOUNTS, AMONG OTHERS, HAVE

2:19:22DEVASTATED OUR ABILITY TO

2:19:24PROVIDE SERVICES PEOPLE NEED

2:19:26AND HAVE, FRANKLY LED TO WEALTH

2:19:28INEQUALITIES THAT MAKE THOSE

2:19:28SERVICES NECESSARY IN THE FIRST

2:19:30PLACE, WHEN THEY SHOULDN'T BE.

2:19:32AND MEANWHILE, THE WORKING

2:19:33CLASS, THE MIDDLE CLASS, EVEN

2:19:34THE UPPER MIDDLE CLASS ARE

2:19:35BEING PIT AGAINST EACH OTHER AS

2:19:37WE ALL TRY TO FIGURE OUT HOW TO

2:19:39PAY TO MAKE UP FOR THOSE

2:19:41CHOICES. SO YES, AT SOME POINT

2:19:43REDISTRIBUTIVE POLICIES ARE

2:19:45GOING TO BE NECESSARY TO RIGHT

2:19:46THE ECONOMIC SHIP. THERE'S NO

2:19:48WAY TO DO SO WITHOUT THEM. BUT

2:19:50WE NEED TO MAKE SURE THOSE

2:19:52POLICIES ARE RIGHT, THAT

2:19:53THEY'LL WORK AS INTENDED, THAT

2:19:55WE'RE NOT PEDDLING FALSE

2:19:57PROMISES TO PORTLANDERS WHO

2:19:58RELY ON OUR CITY PROGRAMS, OR

2:20:00TO SMALL BUSINESSES WHO ARE

2:20:02BEING PROMISED A SIGNIFICANT

2:20:03TAX CUT. HERE. I HAVE SOME

2:20:05QUESTIONS TODAY ABOUT HOW THIS

2:20:06PROPOSAL WAS CRAFTED AND WHAT

2:20:08PRE-WORK HAS BEEN DONE, AS WELL

2:20:10AS WHAT WORK STILL NEEDS TO BE

2:20:12DONE, BECAUSE I'M CONCERNED

2:20:13ABOUT THOSE DETAILS. I'M

2:20:14CONCERNED ABOUT GETTING IT

2:20:15RIGHT. AND I'M GOING TO NAME

2:20:17THE OBVIOUS. A RESOLUTION

2:20:19SPONSORED BY SIX COUNCILORS

2:20:21COULD NOT POSSIBLY HAVE BEEN

2:20:22WORKED WITH ANY OF THE REST OF

2:20:24US BECAUSE OF SERIAL MEETINGS

2:20:25LOSS. I'M SAYING THAT NOT AS A

2:20:27CRITICISM, BUT BECAUSE I WANT

2:20:29THE PUBLIC TO UNDERSTAND WHY.

2:20:30IT MAY SOUND LIKE I'M

2:20:31SCRUTINIZING THE POLICY ON THE

2:20:32DAIS. THIS IS MY FIRST

2:20:34OPPORTUNITY TO ASK QUESTIONS,

2:20:36TO FIND OUT ABOUT THAT PRE-WORK,

2:20:38TO FIND OUT WHAT DIFFERENT

2:20:39OPTIONS WERE CONSIDERED, IF ANY,

2:20:41BEFORE SETTLING ON THIS ONE,

2:20:42AND WHETHER THE WORK WAS DONE

2:20:44TO MAKE SURE THAT THIS STICKS

2:20:46IF WE PASS IT. I MADE A PROMISE

2:20:49TO CONSTITUENTS THAT I WOULD

2:20:50CRAFT LASTING PROGRESSIVE

2:20:51POLICY AND DO IT RESPONSIBLY.

2:20:53AND SO WHEN I CONSIDER A

2:20:55REVENUE MEASURE, I WANT TO MAKE

2:20:56SURE IT'S LASTING. AS SOMEONE

2:20:58WHO WORKED ON THE CORPORATE

2:21:00ACTIVITIES TAX TO FUND

2:21:01EDUCATION, WHO HELPED TO PASS

2:21:03MEASURES 66 AND 67 TO FUND CORE

2:21:06SERVICES AT THE STATE LEVEL,

2:21:08AND WHO HAS BEEN PART OF

2:21:09MULTIPLE OTHER CONVERSATIONS

2:21:11ABOUT STATE AND LOCAL REVENUE.

2:21:13I HAVE SOME EXPERIENCE WITH

2:21:14WHAT IT TAKES TO GET MEASURES

2:21:15LIKE THIS ACROSS THE FINISH

2:21:17LINE, AND IT TAKES CAREFULLY

2:21:18CONSIDERED POLICY THAT CAN WIN

2:21:20VOTES NOT ONLY AT THE DAIS, BUT

2:21:22WITHSTAND LAWSUITS, REFERENDUMS,

2:21:24VOTES OF THE PUBLIC WHEN

2:21:26SIGNIFICANT CAMPAIGNS ARE

2:21:27LAUNCHED AGAINST THEM, EVEN

2:21:29ONCE IT PASSES HERE. SO WHILE

2:21:31I'M COMMITTED TO A TAX SYSTEM

2:21:33ROOTED IN PROGRESSIVE STRUCTURE,

2:21:34WHERE NO ONE IS LEFT CARRYING

2:21:35MORE THAN THEY CAN AFFORD, I

2:21:37KNOW THESE SYSTEMS OFTEN TAKE

2:21:39MONTHS OF PUBLIC PROCESS TO GET

2:21:41RIGHT, AND THIS MEASURE BEFORE

2:21:44US IS IS NEW. IT IS NEW, AND WE

2:21:48ARE BEING ASKED TO TAKE A VOTE

2:21:50WITHOUT THOSE MONTHS OF PUBLIC

2:21:51PROCESS. GETTING IT RIGHT

2:21:54DOESN'T MEAN SOMETHING SOUNDS

2:21:55NICE ON PAPER. LOOKS THE BEST

2:21:57IS INTRODUCED AT THE RIGHT TIME.

2:21:58IT MEANS IT'S UNDERGONE THE

2:21:59SCRUTINY THAT'S NEEDED TO

2:22:01MINIMIZE NEGATIVE IMPACTS ON

2:22:02PORTLANDERS. SO I HAVE A

2:22:05HANDFUL OF QUESTIONS ABOUT WHAT

2:22:06WORK WAS DONE TO GET HERE. THE

2:22:08FIRST IS IN THIS PROPOSAL,

2:22:11TAXES GO UP NOT ONLY ON

2:22:13CORPORATIONS WHO ARE ALREADY

2:22:15PAYING THE THE CEO TAX, BUT WE

2:22:19INCLUDE NEW CORPORATIONS, THOSE

2:22:21WHO PAY IN THE 50 TO 1 TO 100

2:22:24TO 1 RATIO RANGE. DO WE HAVE A

2:22:27SENSE OF WHO THOSE BUSINESSES

2:22:28ARE, AND IS THERE ANYTHING THAT

2:22:31I DON'T SEE OUR REVENUE FOLKS.

2:22:34OKAY, PERFECT. IN THE CORNER.

2:22:35IS THERE ANYTHING THAT OUR

2:22:36REVENUE DIVISION FOLKS CAN HELP

2:22:38ME UNDERSTAND WITHOUT DIVULGING

2:22:40INFORMATION YOU CAN'T SHARE

2:22:42ABOUT WHO THAT GROUP OF

2:22:45BUSINESSES ARE, HOW MANY OF

2:22:47THEM THERE ARE, WHAT THEY DO IN

2:22:48OUR ECONOMY. WE KNOW THAT THE

2:22:51MICROBUSINESSES, THE VERY SMALL

2:22:52BUSINESSES RECEIVE A CUT HERE.

2:22:53WE KNOW THAT THE MEGA

2:22:55CORPORATIONS PAY MORE. BUT WHO

2:22:59IS THIS OTHER GROUP?

2:23:00>> AND JUST BEFORE YOU GUYS

2:23:01ANSWER, I JUST WANT TO NOTE

2:23:02THAT IT'S STILL IT'S STILL JUST

2:23:05FIRMS WITH 100, AT LEAST $100

2:23:07MILLION IN REVENUE THAT ARE

2:23:08PUBLICLY TRADED. SO IT'S NOT A

2:23:10PRIVATELY HELD FIRM. UNDER $100

2:23:14MILLION.

2:23:14>> SO DO WE KNOW HOW MANY NEW

2:23:17BUSINESSES ARE BROUGHT INTO

2:23:18THIS TAX THAT WEREN'T A PART OF

2:23:20IT BEFORE? AS WE THINK ABOUT

2:23:22WHO THE OPPOSITION MIGHT BE?

2:23:24>> YEAH. THANK YOU FOR THE

2:23:25QUESTION. FOR THE RECORD, JONAS

2:23:26BIERY CHIEF FINANCIAL OFFICER

2:23:28WE ALSO HAVE, I BELIEVE,

2:23:29REVENUE DIVISION STAFF

2:23:30AVAILABLE ONLINE. TO YOUR

2:23:32QUESTION, COUNCILOR, ON KIND OF

2:23:35THE NEW FOLKS AT THAT NEW TIER.

2:23:37WE DON'T YET HAVE THAT DATA

2:23:38BECAUSE THERE ARE FOLKS THAT WE

2:23:40HAVE NOT PREVIOUSLY COLLECTED

2:23:41ON, AND WE HAVEN'T DONE SORT OF

2:23:43A PERSPECTIVE. LOOK, WE WOULD

2:23:45STILL NEED TO GO BACK AND

2:23:46COLLECT THAT DATA ON, ON WHAT

2:23:50THOSE NUMBERS WOULD BE AT THAT,

2:23:51AT THAT NEW THRESHOLD.

2:23:53>> SO IN TERMS OF THINKING

2:23:54ABOUT WHERE IS THE SUPPORT?

2:23:57WHERE IS THE OPPOSITION? WHAT

2:23:58DOES THE FIGHT LOOK LIKE ON

2:24:00THIS? WE DON'T HAVE A SENSE OF

2:24:02HOW MANY NEW CORPORATIONS ARE

2:24:04BEING BROUGHT UNDER THE TAX.

2:24:08>> WE CAN GET YOU A MORE FIRM

2:24:10ANSWER. I BELIEVE, AGAIN, SINCE

2:24:12THIS, OUR REVENUE DIVISION

2:24:13FOLKS BASICALLY HAD A SAMPLE TO

2:24:16SEE LIKE SEC DATA, THAT SORT OF

2:24:18THING, AND SAMPLE WHICH FIRMS

2:24:20WOULD. SO WE HAVE ROUGH NUMBERS

2:24:22IN TERMS OF LIKE TOTAL. WHEN IT

2:24:23GETS INTO WHAT INDUSTRIES AND

2:24:26MORE SPECIFICS, IT GETS A LOT

2:24:29FUZZIER. AND SO I DON'T THINK

2:24:30WE CAN PROBABLY GIVE YOU

2:24:31SPECIFICS THERE. BUT IN TERMS

2:24:34OF LIKE AN ESTIMATE OF, YOU

2:24:36KNOW, A ROUGH ESTIMATE OF THE

2:24:37TOTAL NUMBER OF NEW FIRMS THAT

2:24:39WOULD BE ADDED, WE COULD

2:24:40PROBABLY PUT SOMETHING TOGETHER.

2:24:41>> OKAY. BUT WE DON'T KNOW

2:24:43TODAY. YOU CAN FIND OUT AND LET

2:24:46ME KNOW. OKAY. TO MY COLLEAGUES,

2:24:51HAVE YOU HAD CONVERSATIONS WITH

2:24:53THE LEGAL TEAM ABOUT HOW THE

2:24:58IMPACT OF THIS ORDINANCE

2:24:59GETTING ADDED TO THE LAWSUIT

2:25:00THAT HAS ALREADY BEEN FILED

2:25:02AGAINST THE CITY ABOUT OUR

2:25:04ABILITY TO CHANGE TAXES FROM

2:25:05THE DAIS, WOULD AFFECT OUR

2:25:08ABILITY TO FIGHT THAT LAWSUIT.

2:25:11AND WHETHER ADDING THIS, THE

2:25:14BUSINESS COMMUNITY, ADDING THIS

2:25:15TO THEIR LAWSUIT AGAINST US

2:25:17WOULD RISK EXPANDING A

2:25:20POTENTIAL RULING THERE IN A WAY

2:25:22THAT COULD DRAMATICALLY

2:25:24JEOPARDIZE OUR ABILITY TO RAISE

2:25:25REVENUE IN THE FUTURE. HAVE WE

2:25:27HAD THOSE CONVERSATIONS WITH

2:25:28THE LEGAL TEAM?

2:25:31>> WE HAD KEN MCGUIRE WORK ON

2:25:32THIS LEGISLATION THROUGHOUT. I

2:25:35THINK WE HAD STARTED THIS

2:25:36PROCESS AS EARLY AS FEBRUARY.

2:25:39THE LAWSUIT ON THE ARTS TAX IS

2:25:41RELATIVELY NEW. I THINK WE DID

2:25:42RECEIVE A LEGAL MEMO FROM

2:25:44ROBERT TAYLOR, AND WE COULD ASK

2:25:46WE COULD COME UP HERE TO ASK

2:25:48SOME QUESTIONS THAT WOULD BE

2:25:49APPROPRIATE IN THIS SETTING.

2:25:50BUT THE THING THAT'S DIFFERENT

2:25:52BETWEEN THE ARTS TAX AND THE

2:25:53BUSINESS LICENSE TAX IS THE

2:25:54ARTS TAX WAS SOMETHING THAT WE

2:25:56REFERRED TO VOTERS TO ASK THEM

2:25:58TO SAY YES OR NO TO IT. THE

2:26:00BUSINESS LICENSE TAX HAS BEEN

2:26:01ON THE BOOKS SINCE 1854, AND

2:26:03IT'S WELL ESTABLISHED IN OUR

2:26:04CHARTER, SO WE NEED TO TEASE

2:26:05THAT OUT WITH THE ATTORNEYS.

2:26:07I'M NOT AN ATTORNEY, BUT BUT

2:26:10THE INITIAL WORK ON THIS DIDN'T

2:26:13CONTEMPLATE THAT INTERACTION

2:26:14BETWEEN THE ARTS TAX LAWSUIT,

2:26:15WHICH I WOULD ARGUE IS

2:26:17FRIVOLOUS. AND THEN WHAT WOULD

2:26:19COME LATER, WHICH WOULD

2:26:20PROBABLY ALSO BE FRIVOLOUS.

2:26:22>> I ALSO THINK THE ARTS TAX

2:26:24LAWSUIT IS GOING TO BE

2:26:25FRIVOLOUS, BUT I DO THINK WE

2:26:27NEED TO UNDERSTAND WHETHER

2:26:29THESE TWO THINGS BEING BROUGHT

2:26:32TO THE COURT SYSTEM TOGETHER

2:26:34COULD EXPAND OUR RISK, AND

2:26:36WHETHER IT ALSO COULD EXPAND

2:26:38WHAT A RULING COULD LOOK LIKE,

2:26:39AND WHAT EFFECT THAT WOULD HAVE

2:26:41ON OUR ABILITY TO RAISE REVENUE

2:26:42IN THE FUTURE.

2:26:44>> MAY I ADD SOMETHING, CHAIR?

2:26:46YEAH, I WOULD ALSO SAY THAT

2:26:49THIS IS A LITTLE BIT DIFFERENT

2:26:50THAN THE SORRY, I'M VERY TIRED

2:26:53TODAY. THEN THE, THE ARTS TAX

2:26:56BECAUSE THE CHARTER HAS BROAD

2:26:58EXPLICIT AUTHORITY FOR US TO

2:27:00WORK WITH THE BUSINESS LICENSE

2:27:02TAX. SO I'LL READ A DIRECT

2:27:03QUOTE. THE CITY HAS POWER AND

2:27:05AUTHORITY TO GRANT LICENSES

2:27:07WITH THE OBJECT OF RAISING

2:27:08REVENUE OR OF REGULATION, OR

2:27:11BOTH FOR ANY AND ALL LAWFUL

2:27:12ACTS, THINGS OR PURPOSES, AND

2:27:13TO FIX BY ORDINANCE THE AMOUNT

2:27:15TO BE PAID THEREFOR AND TO

2:27:17PROVIDE FOR THE REVOKING OF THE

2:27:19SAME. AND I WANT TO BE CLEAR, I

2:27:21REALLY DO WELCOME THESE

2:27:22QUESTIONS. I THINK IT'S GREAT

2:27:24THAT WE'RE HAVING THIS

2:27:25DISCUSSION. WE ARE STILL AT

2:27:26COMMITTEE. IT FEELS LIKE WE'RE

2:27:27AT COUNCIL, BUT WE ARE HAVING

2:27:29THE PUBLIC PROCESS RIGHT NOW.

2:27:30SO I'M FINE WITH ALL OF THIS.

2:27:33>> THANK YOU, COUNSELOR. AND

2:27:34LIKE I SAID, I THINK THAT

2:27:37EITHER OR BOTH LAWSUITS WOULD

2:27:38BE FRIVOLOUS. BUT I ALSO THINK

2:27:40WE NEED TO UNDERSTAND THE

2:27:41COMBINED RISK. HAS THERE BEEN

2:27:44ANY LOCAL POLLING TO HELP US

2:27:46UNDERSTAND WHERE PORTLANDERS

2:27:48ARE ON THE SPECIFICS HERE? AND

2:27:51HAS THAT POLLING INCLUDED USING

2:27:53NEGATIVE MESSAGES TO UNDERSTAND

2:27:56HOW A CAMPAIGN WOULD WITHSTAND,

2:27:58OR HOW THIS MEASURE WOULD

2:28:00WITHSTAND A WELL-FUNDED

2:28:01CAMPAIGN AGAINST IT?

2:28:03>> WE HAVE NOT COMMISSIONED ANY

2:28:04POLLING ON THIS SPECIFICALLY.

2:28:06NO, BUT I'LL NOTE THAT THE

2:28:08PUBLIC TESTIMONY WRITTEN IS IS

2:28:12IN LINE AND INDICATIVE OF

2:28:14NATIONAL POLLING. ON THE

2:28:15QUESTION.

2:28:16>> YEAH, I THINK THERE'S BROAD

2:28:17SUPPORT. CONCEPTUALLY. I WANT

2:28:19TO MAKE SURE WE UNDERSTAND HOW

2:28:22THAT SUPPORT CHANGES IN A

2:28:23CAMPAIGN ENVIRONMENT. I'VE

2:28:26WORKED, LIKE I SAID, ON A FEW

2:28:28REVENUE RAISING MEASURES IN THE

2:28:29PAST. I KNOW MY COLLEAGUE

2:28:30COUNCILOR NOVICK TALKED ABOUT

2:28:31SOME THAT HE'S WORKED ON. IN MY

2:28:35EXPERIENCE, YOU HAVE TO ASSUME

2:28:36THAT FOLKS WHO DON'T WANT TO

2:28:37PAY A MEASURE WILL FIGHT IT,

2:28:39AND THERE HAS TO BE A PLAN FOR

2:28:41THAT. WAS THIS DEVELOPED IN

2:28:43CONJUNCTION WITH ANY

2:28:44INDIVIDUALS OR ORGANIZATIONS

2:28:45WHO CAN HELP US EDUCATE

2:28:47PORTLANDERS ON THE SPECIFICS OF

2:28:48THE PROPOSAL AND AND PUSH BACK

2:28:52IF THERE WERE AN EFFORT TO

2:28:53OVERTURN IT AT THE BALLOT. AND

2:28:55I'M THINKING, FOR EXAMPLE, WITH

2:28:57THE PARKS LEVY THAT WE REFERRED

2:28:59SLIGHTLY DIFFERENT, WE REFERRED

2:29:00THAT INTENTIONALLY. WE HAD

2:29:02WORKED WITH GROUPS CONNECTED TO

2:29:04LOCAL PARKS TO ENSURE THAT THEY

2:29:06WERE READY TO BE AN

2:29:07INSTRUMENTAL PARTNER IN HELPING

2:29:09US EDUCATE PORTLANDERS ABOUT

2:29:10THE SPECIFICS OF THE MEASURE.

2:29:11HAVE WE TALKED TO PARTNERS WHO

2:29:13COULD BE PART OF A DEFENSIVE

2:29:15CAMPAIGN TO HELP US EDUCATE

2:29:17PORTLANDERS ABOUT THE THE

2:29:18IMPORTANCE OF THE MEASURE

2:29:19BEFORE US? WHO ARE OUR ALLIES

2:29:21HERE? ESSENTIALLY.

2:29:22>> I CAN LIST SOME OF THEM. OH,

2:29:24DID YOU WANT TO GO? DID YOU

2:29:26WANT TO LIST THEM?

2:29:27>> YEAH, I THINK THAT THEY ARE

2:29:28PUBLICLY LISTED, BUT WE HAD

2:29:30OVER 60 SMALL BUSINESSES,

2:29:32LATINO NETWORK APANO PROTECT 17

2:29:36CP-W. NEXT UP, NIA, THERE'S A

2:29:38PRETTY EXTENSIVE LIST OF

2:29:41SUPPORTERS FOR THIS.

2:29:45>> AND HAVE YOU HAD

2:29:46CONVERSATIONS WITH THEM ABOUT

2:29:47THEIR WILLINGNESS AND ABILITY

2:29:48TO PUT RESOURCES TOWARD THAT

2:29:50EDUCATION CAMPAIGN THAT WOULD

2:29:52BE NEEDED?

2:29:56>> YOU'RE ASSUMING THAT THIS

2:29:57JUST GETS IMMEDIATELY REFERRED.

2:29:59>> WELL. TO REFERENDUM. I'M

2:30:00HOPING THAT THEY'RE, YOU KNOW,

2:30:02THAT THAT THIS IS CRAFTED IN A

2:30:05WAY WHERE IT WOULDN'T BE

2:30:07APPEALED BY LAWSUIT OR REFERRED.

2:30:09BUT I THINK IN MY EXPERIENCE,

2:30:12WHEN YOU LOOK AT REVENUE

2:30:13MEASURES, YOU ALWAYS HAVE TO BE

2:30:14PREPARED FOR THAT. AND SO WHAT

2:30:16I'M WONDERING IS WHAT TYPE OF

2:30:18PREPARATION HAS OCCURRED,

2:30:20HOPING THAT IT NEVER NEEDS TO

2:30:21BE USED, BUT KNOWING THAT IT

2:30:23NEEDS TO BE THERE. IF WE'RE

2:30:24GOING TO SEE THIS THROUGH.

2:30:28>> I MEAN, I DID NOT

2:30:31SPECIFICALLY ASK THESE GROUPS

2:30:32IF THEY'RE READY TO KNOCK DOORS

2:30:35FOR ME WHEN IT GETS SENT TO THE

2:30:36BALLOT IN A REFERENDUM. I'LL

2:30:39NOTE, THOUGH, THAT I THINK THE

2:30:42APPROACH THAT WE WERE TAKING IS

2:30:43TO SAY THAT IF YOU SORT OF ASK

2:30:45PERMISSION FROM THE PEOPLE

2:30:46YOU'RE TRYING TO TAX TO CRAFT A

2:30:49POLICY THAT THEY WON'T OPPOSE,

2:30:50YOU END UP BASICALLY WITH A

2:30:51SALES TAX. AND THAT'S WHAT YOU

2:30:53SEE WHEN YOU LOOK AT THE

2:30:54PROSPERITY COUNCIL'S WORK.

2:30:55THAT'S WHAT YOU SEE WHEN YOU

2:30:56SEE THE TAX ADVISORY GROUP'S

2:30:58WORK. THAT'S WHAT YOU SEE WHEN

2:30:59YOU THAT'S WHAT YOU HEAR WHEN

2:31:01YOU TALK TO FOLKS WHO DON'T

2:31:02LIKE INCOME TAXES, THEY SAY,

2:31:04LET'S MOVE TO A BROAD BASED TAX,

2:31:05WHICH IS A GROSS RECEIPTS TAX

2:31:07OR SALES TAX. AND SO THERE'S A

2:31:08REASON WHY THOSE COALITIONS

2:31:10WANT THAT INSTEAD OF A PROFITS

2:31:12TAX.

2:31:12>> AND MAY I ADD SOMETHING. I

2:31:14THINK THAT WITH, YOU KNOW, WE

2:31:16HAVE PRETTY EXTENSIVE AND BROAD

2:31:18SUPPORT. THIS WAS JUST

2:31:19ANNOUNCED TWO WEEKS AGO. AND

2:31:20WE'RE GOING TO CONTINUE TO DO

2:31:22OUTREACH. SO WE UNDERSTAND

2:31:24THERE'S LIMITED TIME AT THIS

2:31:25COMMITTEE TODAY. OKAY. THIS IS

2:31:26THE FIRST DISCUSSION. WE'RE

2:31:27OPEN TO QUESTIONS. THAT'S FINE.

2:31:30SO I THINK THAT WE CAN CONTINUE

2:31:32WORKING WITH OUR PARTNERS TO

2:31:34MAKE SURE THAT THEY ARE

2:31:35PREPARED IN THAT EVENTUALITY. I

2:31:37WILL ALSO SAY THAT THE

2:31:39FINANCIAL STABILIZATION AND

2:31:41RECOVERY WORK GROUP AT THE CITY

2:31:42OF PORTLAND WAS THEY PROPOSED

2:31:44SOMETHING PRETTY SIMILAR TO

2:31:45>> OF THIS WHEN THEY WORKED FOR

2:31:48MONTHS. HOW LONG DID YOU GUYS

2:31:49WORK TOGETHER? SIX MONTHS.

2:31:50LONGER THAN THAT. AND THAT WAS

2:31:52A VARIETY OF PERSPECTIVES. IT

2:31:53WAS FOLKS WHO ARE, YOU KNOW,

2:31:57PROGRESSIVE TO MORE BUSINESS

2:31:58MINDED, ALL OF THAT. AND THEY

2:31:59HAD A SIMILAR PROPOSAL. SO

2:32:02THERE I THINK THERE IS BROAD

2:32:03SUPPORT FOR SOMETHING LIKE THIS,

2:32:05ESPECIALLY IN A TIME WHERE IT

2:32:07IS REALLY DIFFICULT WITH OUR

2:32:08BUDGET. SO. YEAH, I THINK

2:32:11THAT'S SOMETHING WE CAN KEEP

2:32:13PUSHING ON. BUT I, I WILL SAY,

2:32:15I DO WANT TO EMPHASIZE AGAIN,

2:32:17THIS POLICY HAS BEEN UNDER

2:32:19DEVELOPMENT SINCE FEBRUARY. SO

2:32:21IT'S BEEN PRETTY LONG. AND. I

2:32:26CANNOT EMPHASIZE ENOUGH HOW

2:32:27THIS IS BARELY SCRATCHING THE

2:32:29SURFACE OF WHAT THE TAX RELIEF

2:32:31THAT THESE MEGA CORPORATIONS

2:32:33HAVE ALREADY RECEIVED UNDER THE

2:32:34TRUMP ADMINISTRATION IS

2:32:36EXTENSIVE. SO THEY'RE NOT

2:32:37EXACTLY GOING TO WAR. THEY'RE

2:32:38ACTUALLY HAVING A VERY RELAXING

2:32:40TIME IN CABO WHILE THE REST OF

2:32:42US ARE SUFFERING. SO YOU KNOW

2:32:45WHAT I MEAN? LIKE, THIS ISN'T

2:32:46THEY'RE GOING TO BE FINE. I

2:32:47UNDERSTAND THEY WILL OPPOSE IT.

2:32:49AND WE NEED TO PREPARE FOR THAT

2:32:50POTENTIALLY. BUT BUT THIS IS

2:32:52NOT HURTING THEM IN ANY WAY.

2:32:55>> YEAH. COUNCILOR. I HAVE NOT

2:32:57ASKED ABOUT WHETHER IT HURTS

2:32:59THEM OR ABOUT WHETHER YOU'VE

2:33:01WORKED TO NEUTRALIZE OPPONENTS.

2:33:05I'VE ASKED JUST ABOUT WHO THE

2:33:08SUPPORTERS ARE AND WHAT THE

2:33:09WORK HAS BEEN TO MAKE SURE THAT

2:33:11WHAT WAS CRAFTED COULD

2:33:13WITHSTAND A CHALLENGE, ASSUMING

2:33:15THAT ONE WOULD COME, WHETHER OR

2:33:18NOT FOLKS HAD THE ABILITY TO

2:33:20PAY. I AM WONDERING, YOU KNOW,

2:33:24THERE'S A GROUP THAT ANNOUNCED,

2:33:27I THINK THE SAME WEEK THAT THIS

2:33:29MEASURE BECAME PUBLIC, AND I

2:33:30HEAR YOU THAT YOU'VE BEEN

2:33:31WORKING ON IT SINCE FEBRUARY,

2:33:32BUT WE HAVEN'T HAD PUBLIC

2:33:35CONVERSATIONS FOR MOST OF THAT

2:33:36TIME. THE SAME WEEK THAT THIS

2:33:38BECAME PUBLIC, THERE WAS A

2:33:39GROUP THAT ANNOUNCED THAT THEY

2:33:41WERE WORKING ON A REVENUE

2:33:42MEASURE TO PUT ON THE BALLOT IN

2:33:452028 AROUND A STATEWIDE REVENUE

2:33:50IDEA. HAVE YOU HAD

2:33:52CONVERSATIONS WITH ANYBODY IN

2:33:53THAT GROUP ABOUT WHETHER, IF

2:33:55THIS WERE APPEALED TO THE SAME

2:33:57BALLOT, THE TWO MEASURES WOULD

2:33:58HELP OR HURT EACH OTHER, AND

2:34:01WHAT THAT COULD LOOK LIKE FOR

2:34:03BOTH THE CITY AND THE STATE.

2:34:09>> I HAVE HAD CONVERSATIONS

2:34:10WITH SOME OF THOSE. SOME OF THE

2:34:12GROUPS INVOLVED WITH THAT ABOUT

2:34:14THIS POLICY PROPOSAL. AND AT NO

2:34:16TIME DID THAT GROUP TELL ME

2:34:18THAT THEY WERE BRINGING FORWARD

2:34:19A WEALTH TAX, THAT THEY WERE

2:34:20GOING TO REFER TO THE BALLOT

2:34:22THEY WERE WORKING ON SOME OTHER

2:34:23THING THAT I DON'T THINK I'M AT

2:34:25LIBERTY TO TALK ABOUT, BUT. NO,

2:34:31I AND AGAIN, I DON'T THINK THE

2:34:33THE CONVERSATION WAS EVER

2:34:34AROUND, OH, THIS IS GOING TO

2:34:36IMMEDIATELY GET REFERRED TO A

2:34:37REFERENDUM HERE IN PORTLAND.

2:34:38AND SO HOW DO WE COORDINATE TWO

2:34:40DIFFERENT THINGS? BECAUSE IT

2:34:41WAS NEVER DISCLOSED TO ME THAT

2:34:43A WEALTH TAX WAS EVEN BEING

2:34:45FLOATED AND CONSIDERED FOR 2020.

2:34:46I'LL ALSO NOTE THAT THAT'S ALSO

2:34:48THE SAME YEAR THAT I THINK THE

2:34:50TAX IS GOING TO COME UP AND

2:34:52POTENTIALLY A HOUSING BOND IS

2:34:53GOING TO COME UP. SO I WOULD

2:34:55ASK THEM IF THEY'VE ALSO TALKED

2:34:56TO METRO ON THAT TOO.

2:34:58>> CERTAINLY. AND I THINK

2:34:59PROBABLY WE NEED TO MAKE SURE

2:35:01WE'RE TALKING TO METRO ABOUT

2:35:02ANYTHING LIKE THIS. ALSO AT THE

2:35:04SAME TIME. WE'VE TALKED AT THE

2:35:08DAIS ABOUT THE NEED FOR A

2:35:10COMPREHENSIVE APPROACH TO OUR

2:35:11CITY'S DEFERRED MAINTENANCE

2:35:12PROBLEM. THIS IS ACTUALLY

2:35:13RELATED, I THINK, TO THAT POINT

2:35:15THAT YOU JUST BROUGHT UP, HAS

2:35:17THERE BEEN CONVERSATION ABOUT

2:35:19HOW THIS MEASURE WOULD INTERACT

2:35:22WITH OUR ABILITY TO REFER A

2:35:27BOND OR ANOTHER REVENUE RAISING

2:35:28MEASURE TO THE BALLOT TO

2:35:30ADDRESS OUR DEFERRED

2:35:31MAINTENANCE ACROSS THE CITY?

2:35:38>> I CAN TELL YOU WHAT I HAVE

2:35:40CONTEMPLATED IN THIS. IS IF WE

2:35:44DON'T ADOPT SOMETHING LIKE THIS,

2:35:46TO HAVE A MEANS TO COLLECT SORT

2:35:49OF WINDFALL FUNDS, I MEAN,

2:35:50BECAUSE WE HAD PETER HOLTZMAN,

2:35:52WE HAD THE CFO LOOK AT SORT OF

2:35:55LET'S LET'S RISK ADJUST THIS.

2:35:56YOU KNOW, IT'S NOT $72 MILLION

2:35:58PER YEAR EVERY YEAR, EVEN IF

2:36:00THAT'S WHAT THE REVENUE

2:36:01DEPARTMENT CALCULATED FOR US,

2:36:02IT'S PROBABLY SOMETHING MUCH

2:36:03LOWER. BUT THERE ARE SURELY

2:36:05YEARS WHERE IT'S MUCH HIGHER

2:36:06THAN $33 MILLION NET OF THE OF

2:36:08THE EXEMPTIONS THAT WE'RE

2:36:10CREATING, PAIRED WITH THE

2:36:11FINANCIAL RESERVE STABILIZATION

2:36:13POLICY THAT WE JUST VOTED TO

2:36:15ADVANCE, AND PAIRED WITH THE

2:36:16BROADER DISCUSSION IN THE

2:36:18FINANCIAL STABILIZATION WORK

2:36:20RECOVERY WORK GROUP, THE

2:36:23ABILITY TO COLLECT SORT OF

2:36:25WINDFALL REVENUES AND USE THEM

2:36:26FOR WHAT, LIKE TRULY ONE TIME

2:36:28RESOURCES, PAY DOWN DEBT, MAKE

2:36:32TRANSFORMATIONAL INVESTMENTS IN

2:36:33OUR CITY. I THINK THOSE ARE

2:36:36THINGS THAT ARE PRECONDITIONS,

2:36:37FRANKLY, BEFORE WE GO TO VOTERS

2:36:40AND ASK THEM TO TO BORROW FROM

2:36:42THEM FOR LONG TERM ASSET COSTS,

2:36:45IF WE CAN'T SORT OF SHOW THEM

2:36:46RIGHT NOW THAT WE'RE WILLING TO

2:36:49SPEND THE POLITICAL CAPITAL TO

2:36:52CLAW BACK SOME OF THE TRUMP TAX

2:36:54CUTS TO PAY FOR SOME OF THESE

2:36:55THINGS, RATHER THAN ASK THEM TO

2:36:57PAY IT FIRST. I THINK WE'RE

2:36:58GOING TO HAVE A REALLY HARD

2:37:00TIME. SO THAT'S.

2:37:01>> THAT ANSWER. OUR CHAIR IS

2:37:02TELLING ME THAT I'M AT TIME, SO

2:37:04I AM GOING TO SAVE THE REST OF

2:37:06MY QUESTIONS FOR WHEN WE NEXT

2:37:07HAVE A DISCUSSION ON THIS. BUT

2:37:09COLLEAGUES, THESE ARE THE TYPES

2:37:11OF THINGS THAT I WOULD NEED TO

2:37:13HAVE ASSURANCES ABOUT BEFORE I

2:37:14WOULD BE ABLE TO SAY TO FOLKS

2:37:16IN MY DISTRICT, LET'S MOVE THIS

2:37:18FORWARD, BECAUSE I DON'T WANT

2:37:20TO MOVE FORWARD A FALSE PROMISE

2:37:22EITHER ABOUT THE SERVICES WE

2:37:23CAN PROVIDE OR TAX CUTS FOR

2:37:26SMALL BUSINESSES. IF I DON'T

2:37:28FEEL LIKE WE CAN FOLLOW THROUGH

2:37:30ON THAT PROMISE. SO I'LL SAVE

2:37:31THE REST OF MY QUESTIONS. THANK

2:37:33YOU, CHAIR, AND THANK YOU,

2:37:35COUNCILOR, FOR YOUR ANSWERS

2:37:36TODAY.

2:37:37>> THANK YOU, COUNCILOR

2:37:38PIRTLE-GUINEY. AND JUST TO BE

2:37:39CLEAR, TRYING TO DO ABOUT TEN

2:37:40MINUTES, BUT UNLIMITED NUMBER

2:37:42OF TIMES IN THE QUEUE, JUST WE

2:37:43DON'T HAVE A RULE ON THAT THE

2:37:45WAY THAT THE FULL COUNCIL DOES.

2:37:47SO I'LL GO TO COUNCILOR SMITH

2:37:48FOLLOWED BY COUNCILOR MORILLO.

2:37:49>> THANK YOU, MR. CHAIRMAN.

2:37:50THANK YOU, COUNCILOR GREENE,

2:37:51FOR BRINGING THIS FORWARD.

2:37:52COULD CFO BIERY COME UP AND

2:37:55PETER. THE FIRST THING I

2:38:02THOUGHT ABOUT WHEN I WAS WHEN I

2:38:04FIRST LEARNED ABOUT THE FAIR

2:38:05SHARE ORDINANCE WAS, WOW,

2:38:08THAT'S GOING TO SAVE 18,000

2:38:10FOLKS FROM NOT PAYING. AND WHEN

2:38:13I WENT DEEPER AND LEARNED THAT

2:38:16FOLKS WHO BRING IN SALES UNDER

2:38:20500,000, THEY WILL NOT HAVE TO

2:38:22PAY ANY MORE. AND AS A

2:38:27CONSULTANT, I WAS JUST UNDER

2:38:28THAT 500,000. I COULD AFFORD TO

2:38:30PAY THE 891. IN FACT, I LIKE

2:38:34PAYING THAT 800 OR WHATEVER THE

2:38:36CASE MAY BE, BECAUSE I FEEL

2:38:38LIKE I'M PUTTING IN TO

2:38:40INVESTING INTO OUR CITY. AND SO

2:38:43TO SAY THAT PEOPLE WHO MAKE

2:38:44UNDER $500,000 A YEAR JUST

2:38:47UNDER THAT, THAT THEY HAVE NO

2:38:48TAX LIABILITY, NONE. I THINK

2:38:52THAT THAT IS AN ISSUE. AND THE

2:38:55SECOND THING THAT I THOUGHT

2:38:56ABOUT WAS, DID YOU WHEN YOU

2:38:58ACTUALLY DID THESE NUMBERS? CFO

2:39:01BIERY, DID YOU THINK ABOUT THE

2:39:03JOB LOSS AND THE CAPITAL FLIGHT

2:39:06OF THESE SURTAXES OF THE MAJOR

2:39:09EMPLOYERS, THAT THEY MAY

2:39:10RELOCATE THEIR HEADQUARTERS AND

2:39:12OPERATIONAL HUBS, WHICH WOULD

2:39:14REDUCE THE AMOUNT OF MONEY THAT

2:39:15WE WOULD BRING IN FOR THE

2:39:17GENERAL OPERATING FUND. DID YOU

2:39:19LOOK AT THOSE KINDS OF THINGS,

2:39:21COUNCILOR?

2:39:21>> THANK YOU FOR THE QUESTION.

2:39:24WE DID NOT. WE WERE ASKED TO

2:39:25RUN SOME MATH BASED UPON A

2:39:27SCENARIO THAT WAS PRESENTED,

2:39:28AND WE HAVE NOT YET BEEN ASKED

2:39:30TO DO THAT TYPE OF ASSESSMENT,

2:39:31BUT WOULD BE HAPPY TO DO SO.

2:39:33>> I WISH YOU REALLY WOULD DO

2:39:35THAT, BECAUSE TO SAY THAT THESE

2:39:36FOLKS ARE NOT WE HAVE 18,000

2:39:38PEOPLE WHO ARE NOT GOING TO

2:39:39HAVE TO PAY TAXES, AND THEY CAN

2:39:41VERY WELL PAY TAXES. IT'S A

2:39:42SMALL TAX TO PAY. THE OTHER

2:39:44PIECE IS I THINK THEY'LL GO TO

2:39:46THE THE LEBRON JAMES AND ELON

2:39:48MUSK MODEL, WHERE THERE ARE

2:39:51OPPORTUNITIES FOR CEOS TO

2:39:54REDUCE THEIR SALARIES TO

2:39:56$100,000. LIKE ELON MUSK DID

2:39:59DEFER THE COMPENSATION OR DO

2:40:01LIKE LEBRON JAMES DID, GET A

2:40:03LOAN WHICH ARE NOT TAXED AND

2:40:05WAIT UNTIL THE DEFERRED TAXES

2:40:08COME ON THAT AND THEY'RE OUT OF

2:40:10THE QUEUE. SO ALL THESE FOLKS

2:40:12WHO HAVE ENDLESS RESOURCES,

2:40:14THEY WILL FIND WAYS TO REDUCE

2:40:16THEIR TAX BURDEN OR THEIR

2:40:18SALARIES. SO THEY WOULD NOT

2:40:19HAVE TO BE A PART OF THIS. AND

2:40:22I'M CONCERNED THAT IF YOU TAKE

2:40:24THESE 18,000 PEOPLE OUT OF THE

2:40:26TAX, OUT OF THE TAX QUEUE,

2:40:29BEFORE WE ACTUALLY FIND OUT HOW

2:40:31MUCH MONEY IS GOING TO COME

2:40:33THROUGH THAT, THEN WE HAVE TO

2:40:35GO RE TAX THESE FOLKS WHO WERE

2:40:37PAYING LITTLE OF NOTHING.

2:40:39COUNCILOR GREEN SAID IT WAS

2:40:40LIKE MAYBE WHAT, 8 OR $900 THAT

2:40:43WE'RE ACTUALLY SAVING THESE

2:40:44FOLKS AND TO GO BACK AND TAX

2:40:46THEM. THAT'S ANOTHER THING THAT

2:40:48WE WOULD HAVE TO DO. SO I'M

2:40:50CONCERNED THAT WE'RE WE'RE

2:40:53LOOKING AT THIS IN A VACUUM.

2:40:55CERTAINLY I WANT BILLIONAIRES

2:40:56TO PAY THEIR FAIR SHARE.

2:40:58CERTAINLY, I WANT PEOPLE WHO

2:40:59ARE LIKE ME, WHO ARE

2:41:01CONSULTANTS, WHO ARE MAKING

2:41:02MONEY UNDER THAT $500,000

2:41:05THRESHOLD THAT WE NEED TO PAY

2:41:07TAXES. THEY'RE NOT OVERBURDENED

2:41:10AT THAT POINT. AND SO TO THINK

2:41:12THAT WE ARE GOING TO BE ABLE TO

2:41:14KEEP UP THIS LEVEL OF TAX AND

2:41:17BASE OUR GENERAL OPERATING

2:41:19FUNDS BASED ON THOSE 18,000

2:41:21PEOPLE IN THE NEW PEOPLE WHO

2:41:22YOU'RE GOING TO TAX, THOSE

2:41:24PEOPLE AT THE TOP, THEY HAVE

2:41:26ACCOUNTANTS, THEY HAVE LAWYERS,

2:41:28THEY'RE GOING TO FIGURE OUT HOW

2:41:30TO REDUCE THE AMOUNT OF MONEY

2:41:31THAT THEY BRING IN ON AN ANNUAL

2:41:33BASIS. AND SO THOSE FIGURES ARE

2:41:36THE FIGURES THAT WE NEED TO

2:41:38LOOK AT BEFORE WE ACTUALLY SAY,

2:41:40OH, WE HAVE AN OPPORTUNITY TO

2:41:41DO THIS NOW. I THOUGHT IT WAS

2:41:43PRETTY CLEVER WHAT COUNCILOR

2:41:44ZIMMERMAN DID THIS LAST YEAR

2:41:46WHEN HE DID THE THE TAX. THE

2:41:50PEOPLE GO FROM 75,000 TO

2:41:52100,000 THAT, YOU KNOW, YOU

2:41:53DON'T HAVE TO PAY THE TAX. THAT

2:41:56IS, YOU CAN SEE THAT ALL DAY

2:41:58LONG. BUT WHEN YOU'RE TALKING

2:42:00ABOUT YOU'RE GETTING READY TO

2:42:01TAKE PEOPLE WHO HAVE $500,000

2:42:03IN SALES THAT THEY CAN'T PAY

2:42:05$800, THAT THEY CAN'T PAY THEIR

2:42:07TAXES, OR THEY'RE STRUGGLING TO

2:42:08PAY THAT TAX, WHAT THEY NEED IS

2:42:11ACCESS TO CAPITAL. THEY NEED

2:42:14ACCESS TO TECHNICAL ASSISTANCE.

2:42:17THEY NEED ACCESS TO CONSULTANTS

2:42:19AND LAWYERS, AND THEY NEED

2:42:20OPPORTUNITIES TO HAVE

2:42:21QUICKBOOKS AND THOSE KINDS OF

2:42:23THINGS TO MAKE SURE THAT THEIR

2:42:24THEIR BUDGETS ARE TIGHT. THEY

2:42:27NEED BOOKKEEPERS, THEY NEED

2:42:29ACCOUNTANTS. THAT'S WHAT THEY

2:42:30NEED. AND THAT $891 IS NOT

2:42:33GOING TO PAY FOR EITHER OF

2:42:34THOSE THINGS. AND SO FOR ME TO,

2:42:37TO LOOK AT THIS ON FACE VALUE,

2:42:39OH, YEAH, WE CAN DO THIS, YOU

2:42:40KNOW, APPLES TO APPLES TO

2:42:42ORANGES. BUT IT IS, IT IS SO

2:42:45MANY WAYS IN WHICH WE CAN NOT

2:42:48BE RIGHT ON THIS IN TERMS OF

2:42:50THE NUMBERS. AND I KNOW YOU DO

2:42:51YOUR DUE DILIGENCE, BUT I

2:42:53REALLY WANT YOU TO TAKE A LOOK

2:42:55AT THIS BECAUSE THOSE FOLKS

2:42:56LIKE COUNCILOR PIRTLE-GUINEY

2:42:58SAID THEY'VE BEEN DOWN THIS

2:43:00ROAD BEFORE. THEY KNOW HOW TO

2:43:03MANIPULATE THE SYSTEM. AND I

2:43:05WANT THOSE PEOPLE WHO ARE

2:43:06MAKING THE MOST IN OUR

2:43:08COMMUNITIES, WHICH WE DON'T

2:43:09HAVE A LOT OF BILLIONAIRES HERE,

2:43:10BUT THOSE COMPANIES AND THOSE

2:43:13CEOS WHO ARE MAKING THE MOST I

2:43:15DO WANT THEM TO PAY THEIR FAIR

2:43:16SHARE, BUT I DON'T WANT US TO

2:43:18LOOK AT FOOL'S GOLD TO THINKING

2:43:20THAT THIS IS THE OPTION. NOW,

2:43:21IF WE JUST HAD A PIECE WHERE

2:43:23WE'RE GOING TO TAX THEM MORE

2:43:25WITHOUT SAYING, OH, WE'RE GOING

2:43:27TO TAKE 18,000 BUSINESSES OUT

2:43:28OF THE TAX ROLL, THAT'S NOT

2:43:30RIGHT. IT'S NOT FAIR AT ALL,

2:43:32PERIOD. SO I WANT YOU TO LOOK

2:43:36AT EVERYTHING, NOT JUST WITH

2:43:37THE THOUGHT OF IT IS THAT WAS A

2:43:40REASONABLE TAX THAT COUNCILOR

2:43:41ZIMMERMAN SAID FROM 75,000 TO

2:43:43100 $500,000 IN SALES. THAT'S A

2:43:46GOOD THAT'S A GOOD SALARY FOR

2:43:47SOMEONE, PARTICULARLY A LOAN

2:43:51CONSULTANT. COUNCILOR

2:43:52PIRTLE-GUINEY YOU'VE BEEN A

2:43:53CONSULTANT. YOU UNDERSTAND ME

2:43:55AND YOU AND PROBABLY PRESIDENT

2:43:58DUNPHY ARE PROBABLY THE ONLY

2:43:59ONES THAT HAVE PAID A BLT UP

2:44:01HERE. AND SO YOU KNOW WHAT THAT

2:44:04IS? IT'S NOT A WHOLE LOT OF

2:44:05MONEY. SO FOR ME, I WANT YOU TO

2:44:08LOOK AT ALL THESE THINGS AND

2:44:10DON'T LOOK AT THE FOOL'S GOLD

2:44:11AND LOOK LIKE, OKAY, WE GOT AN

2:44:13OPPORTUNITY TO BRING ALL THIS

2:44:15IN BECAUSE THOSE FOLKS, YOU

2:44:16BETTER BELIEVE THEY ARE GOING

2:44:17TO FIGURE OUT HOW TO GET AROUND

2:44:19THIS AND FIGURE OUT THE

2:44:20LOOPHOLE AROUND IT. SO I NEED

2:44:22YOU TO HAVE AN ANSWER FOR THE

2:44:23LOOPHOLE AND PUT THAT IN TO

2:44:25THIS ORDINANCE AS WELL. I'M NOT

2:44:28TOTALLY CONVINCED LIKE

2:44:29COUNCILOR PIRTLE-GUINEY SAID.

2:44:31BUT I DO WANT YOU TO LOOK AT

2:44:32THOSE KINDS OF THINGS BEFORE

2:44:34YOU PRESENT THIS TO US AS

2:44:35SOMETHING THAT WILL, WILL

2:44:37PROBABLY GET. AND IT'S NOT A

2:44:39GUARANTEE.

2:44:40>> COUNCILOR IF I CAN RESPOND

2:44:42TO. THANK YOU FOR THAT COMMENT,

2:44:44I AGREE. I WANT TO BE

2:44:45EXPLICITLY CLEAR THAT WE HAVE

2:44:46NOT DONE THAT. ANY OF THAT

2:44:48ANALYSIS. WE HAVEN'T BEEN ASKED

2:44:49TO DO THAT ANALYSIS MORE THAN

2:44:51HAPPY, AND SUPPORT TIME AND

2:44:54OPPORTUNITY TO DO THAT ANALYSIS.

2:44:56PERFORMING THAT KIND OF

2:44:57ANALYSIS IS CONSISTENT WITH THE

2:44:59RECOMMENDATIONS FROM THE

2:44:59FINANCIAL STABILIZATION

2:45:01CONVERSATION THAT WE'VE BEEN

2:45:02HAVING. AND SO I JUST WANT TO

2:45:05BE CLEAR THAT THE PROPOSAL HAS

2:45:08NOT UNDERGONE THAT REVIEW BY MY

2:45:10OFFICE, BY THE REVENUE DIVISION,

2:45:11BY THE CITY ECONOMIST, AND WE'D

2:45:13BE HAPPY TO.

2:45:14>> I WOULD REALLY LOVE IT IF

2:45:15YOU COULD DO THAT, BECAUSE THAT

2:45:17WOULD GIVE US AN OPPORTUNITY TO

2:45:19REALLY LOOK AT THIS WITH A, A,

2:45:23A MICROSCOPE AND SAY, WE'VE

2:45:24LOOKED AT EVERYTHING AND THIS

2:45:26IS A SURE DEAL BECAUSE I, YOU

2:45:28KNOW, IT'S I'VE HEARD SOME OF

2:45:30MY COLLEAGUES TALK ABOUT THIS

2:45:31IN THE LAST WEEK AND THEY'RE

2:45:32SAYING, WE'RE GOING TO TAX THE

2:45:34BILLIONAIRES. THIS IS NOT ABOUT

2:45:35THE BILLIONAIRES. THIS IS ABOUT

2:45:36FOLKS WHO HAVE SALES OVER

2:45:39500,000 AND CEOS WHO ARE MAKING

2:45:42THESE EXORBITANT, YOU KNOW,

2:45:44SALARIES, AND THEY'RE GOING TO

2:45:45FIGURE OUT HOW TO REDUCE IT. SO

2:45:47YOU GOT TO PUT THOSE IN THE

2:45:48EQUATION WHEN YOU'RE TALKING

2:45:49ABOUT IT. I APPRECIATE YOU

2:45:51COMING UP AND WELL, THE LAST

2:45:53QUESTION IS, AND I KNOW I

2:45:56ALWAYS SAY THIS, YOU KNOW WHAT?

2:45:58OUR BOOK OF BUSINESS IS, RIGHT?

2:46:01AND I THINK WHILE YOU'RE

2:46:03LOOKING AT THIS REPORT, I THINK

2:46:05WE NEED TO FIGURE OUT AN

2:46:08ECONOMIC OUTLOOK THAT FEELS

2:46:09HOTEL ROOMS BUILDS LOCAL

2:46:12COMMERCE, RECRUITS CONVENTION

2:46:14BUSINESS TO OUR CITY, NOT JUST

2:46:17THE SHORT SIGHTED PENALTY TAX

2:46:19THAT SCARES EMPLOYERS AWAY. AND

2:46:21SO I MY BIGGER ISSUE IS THAT

2:46:23WE'RE TRYING TO RECRUIT

2:46:25BUSINESS TO COME TO PORTLAND

2:46:27THAT SOMETHING LIKE THIS. THIS

2:46:28IS JUST ONE MORE THING THAT'S

2:46:30PILING ON THAT HAS A REPUTATION

2:46:31THAT PORTLAND IS NOT

2:46:33PRO-BUSINESS, THAT THEY ARE

2:46:34TRYING TO TAX AND SPEND AND PAY

2:46:36FOR ALL THESE SOCIAL PROGRAMS.

2:46:38BUT I JUST WE CAN'T DO OUR JOB

2:46:40ON ONE SIDE, HAVING SPENDING

2:46:42MONEY ON MARKETING PORTLAND AS

2:46:44A PLACE TO COME. I WAS JUST IN

2:46:48DC LAST MONTH SPEAKING TO 300

2:46:53MEETING PLANNERS, ASKING THEM

2:46:56TO COME TO PORTLAND SO THEY CAN

2:46:58FILL UP THESE THESE HOTEL ROOMS

2:47:00WITH TRAVEL. PORTLAND TRAVEL

2:47:02PORTLAND DOES AN ANNUAL EVENT.

2:47:05I SPOKE THERE, JANELLE BYNUM

2:47:06SPOKE THERE TALKING ABOUT COME

2:47:08TO PORTLAND. IT IS NOT WHAT YOU

2:47:09HAVE SEEN IN THE NEWS. WE ARE

2:47:11OPEN FOR BUSINESS. BUT THEN

2:47:13WHEN WE HAVE THESE KINDS OF

2:47:15POLICIES PUT OUT THERE, IT JUST

2:47:17GIVES THEM THE BAD TASTE IN

2:47:18THEIR MOUTH. NOW, THERE'S A

2:47:20COUPLE OF FOLKS I'M GOING TO

2:47:21HAVE TO CALL ABOUT THIS

2:47:23PARTICULAR TAX. AND I'VE TALKED

2:47:25TO SOME BUSINESSES. THEY SAID

2:47:27THEY'RE JUST GOING TO MOVE. AND

2:47:29SO I, I, I CAUTION MY

2:47:31COLLEAGUES TO, TO DO THE PRETTY

2:47:35THING, THE LOW HANGING FRUIT

2:47:37THING, BECAUSE IT'S GOING TO

2:47:38HAVE A BIGGER IMPACT ON OUR

2:47:41CITY THAN YOU THINK. AND IT'S

2:47:45NOT AS SIMPLE AS YOU THINK. SO

2:47:47THANK YOU. AND PLEASE PUT THOSE

2:47:50THINGS IN YOUR ANALYSIS AS

2:47:52YOU'RE LOOKING AT THIS. THANK

2:47:54YOU.

2:47:55>> THANK YOU, COUNCILOR SMITH.

2:47:56AND THAT'S VERY GOOD TIMING ON

2:47:59THERE. I THINK COUNCILOR

2:48:02MORILLO IS NEXT IN THE QUEUE,

2:48:03FOLLOWED BY COUNCILOR RYAN.

2:48:06>> THANK YOU COLLEAGUES. IF ONE

2:48:09OF MY STAFFERS IN THE OFFICE IS

2:48:11WATCHING, I WOULD REALLY

2:48:12APPRECIATE IT IF YOU COULD

2:48:13PRINT OUT 12 FAQS FOR THE CITY

2:48:15COUNCIL, BECAUSE A LOT OF THE

2:48:17THINGS THAT WERE ADDRESSED UP

2:48:18HERE ARE MISREPRESENTATIONS OF

2:48:20THE POLICY THAT ARE ADDRESSED

2:48:22IN THE FAQ, AND WE WORK

2:48:25EXTENSIVELY TO CLARIFY OUR

2:48:26POLICIES AND MAKE THEM AS

2:48:28COMPREHENSIBLE AS POSSIBLE. SO

2:48:30IF SOMEONE COULD DO THAT, THAT

2:48:31WOULD BE FANTASTIC. AND BRING

2:48:33THOSE UP HERE, PLEASE. I WANT

2:48:35TO SAY A FEW THINGS. FIRSTLY,

2:48:38WE ARE NOT RUSHING TO PUSH A

2:48:40BALLOT INITIATIVE TO ASK

2:48:41PORTLANDERS WHAT THEIR OPINION

2:48:43IS ON THE MODA DEAL, SO I

2:48:46UNDERSTAND THAT THIS MIGHT BE

2:48:48CHALLENGED, BUT THE IMPRESSION

2:48:51I THINK IS, I DON'T KNOW. THIS

2:48:55IS NOT A POLICY THAT IS FOR

2:48:57BUSINESSES THAT ARE

2:48:58HEADQUARTERED IN THE CITY OF

2:49:00PORTLAND. SO THE TAX FLIGHT

2:49:03IDEA THAT THEY CAN JUST MOVE

2:49:04AND LEAVE IS NOT ACCURATE. THEY

2:49:06CAN'T DO THAT BECAUSE IT'S

2:49:07ABOUT PUBLICLY TRADED

2:49:09CORPORATIONS THAT SELL THEIR

2:49:11PRODUCTS IN THE CITY OF

2:49:12PORTLAND. SO IF THEY WANTED TO

2:49:14AVOID THIS TAX, THEY WOULD

2:49:16EITHER HAVE TO PAY THEIR CEOS A

2:49:18LITTLE BIT LESS. THEY'LL STILL

2:49:20BE EXTREMELY WEALTHY, BUT

2:49:21THEY'LL JUST PAY A LITTLE BIT

2:49:22LESS SO THAT THEIR MEDIAN PAID

2:49:24EMPLOYEE DOESN'T MAKE SUCH A

2:49:26SEVERE AMOUNT LESS THAN THEM,

2:49:29OR THEY CAN TAKE THEIR PRODUCT

2:49:30ENTIRELY OUT OF THE MARKET. I

2:49:32WOULD PRESUME THAT A COMPANY

2:49:34THAT SELLS, FOR EXAMPLE, I

2:49:35DON'T KNOW, LET'S GIVE AN

2:49:36EXAMPLE, COCA COLA, THEY'RE NOT

2:49:38GOING TO TAKE COCA COLA OUT OF

2:49:39PORTLAND BECAUSE IT'S TOO BIG

2:49:41OF A MARKET. THEY'RE NOT GOING

2:49:43TO, YOU KNOW, THEY'RE NOT GOING

2:49:44TO LOSE MASSIVE AMOUNTS OF

2:49:45PROFIT TO AVOID A VERY MARGINAL

2:49:48SURCHARGE INCREASE. THAT

2:49:49DOESN'T MAKE A LOT OF SENSE. SO

2:49:53I JUST WANT TO START THERE. AND

2:49:55THERE IS NO LOOPHOLE. THIS IS

2:49:57AN ESTABLISHED TAX METHOD. WE

2:49:59HAVE NOT SEEN TAX AVOIDANCE.

2:50:01AND WE'VE LOOKED AT ALL OF

2:50:02THESE THINGS SINCE FEBRUARY.

2:50:05WE'VE ALSO HAD THIS IS NOT A

2:50:08PERSONAL INCOME TAX. I THINK

2:50:09THERE WAS CONFUSION ON THAT. SO

2:50:11SMALL BUSINESSES THIS IS NOT

2:50:13INCREASING IT FOR THEM. THIS IS

2:50:14NOT INCREASING IT FOR REGULAR

2:50:15WORKING CLASS PEOPLE. THE VERY

2:50:17PURPOSE OF THIS IS THAT IT'S

2:50:18NOT GOING TO FALL ON REGULAR

2:50:20PEOPLE, BECAUSE I KNOW A LOT OF

2:50:21US HAD TO MAKE TOUGH CHOICES UP

2:50:23HERE, INCREASING FEES AND OTHER

2:50:24CHARGES, AND IT DIDN'T MAKE ANY

2:50:26SENSE. SO I, I ALSO WANT TO ASK

2:50:31ERIC DEAN, I SEE YOU'RE UP HERE.

2:50:34WOULD YOU PLEASE COME UP TO THE

2:50:35DAIS? ERIC DEAN IS COUNCILOR

2:50:41GREENS ECONOMIST. HE HAS A PHD

2:50:43IN ECONOMICS AS WELL. THANK YOU

2:50:45FOR BEING HERE. AND HE DID A

2:50:47LOT OF THE ANALYSIS ON THIS. WE

2:50:50ALSO BROUGHT IN, I'LL REMIND

2:50:52YOU, SARAH ANDERSON, WHO

2:50:53ORIGINALLY WORKED WITH

2:50:54COUNCILOR NOVICK TO CREATE THIS

2:50:56POLICY BACK IN 2016 AND WHO HAS

2:50:58DECADES OF EXPERIENCE IN THIS

2:51:00POLICY AREA. YOU MIGHT REMEMBER

2:51:02SHE TESTIFIED LAST WEEK, AND WE

2:51:04HAVE A TRAINED ECONOMIST HERE

2:51:06NOW. SO. ERIC, IF YOU'RE ABLE

2:51:11TO, I WOULD LOVE TO JUST GIVE

2:51:14YOU A MOMENT TO SHARE SOME OF

2:51:15THE THINGS THAT YOU THINK WERE

2:51:17MISREPRESENTED.

2:51:19>> YEAH. GOOD MORNING

2:51:20COUNSELORS. ERIC DEAN. FOR THE

2:51:21RECORD, COUNCILOR GREENS POLICY

2:51:24ADVISOR. I'LL PROBABLY MISS

2:51:26SOME OF THESE, BUT PROBABLY THE

2:51:28MOST IMPORTANT ONE HERE IS THAT

2:51:29THIS IS A TAX ON DOING BUSINESS

2:51:31IN PORTLAND. SO IF YOU'RE

2:51:34THINKING COLUMBIA SPORTSWEAR

2:51:36MIGHT PULL OUT THE THEY WOULD

2:51:39HAVE TO PULL OUT OF SELLING

2:51:41THEIR WARES TO PORTLAND. DUTCH

2:51:45BROTHERS STILL PAYS THIS TAX

2:51:47BECAUSE DESPITE HAVING

2:51:49RELOCATED RECENTLY BECAUSE THEY

2:51:51STILL SELL DUTCH, YOU CAN STILL

2:51:53GET DUTCH BROTHERS IN PORTLAND.

2:51:55>> CAN YOU SPEAK INTO THE MIC

2:51:57MORE?

2:51:57>> I'M SORRY. I WAS WORRIED I'D

2:51:59SPEAK TOO LOUDLY INTO THE

2:52:01MICROPHONE. SO YEAH, THERE'S

2:52:03VERY LITTLE RISK OF THIS

2:52:05DRIVING BUSINESSES, THE LARGER

2:52:06BUSINESSES THAT DO PAY THE

2:52:07SURTAX. AND REMEMBER, THESE ARE

2:52:09BUSINESSES WHO MAKE HUNDREDS OF

2:52:11MILLIONS OF DOLLARS, IF NOT

2:52:13MANY OF THEM HUNDREDS OF

2:52:14BILLIONS OF DOLLARS. THERE'S

2:52:15VERY LITTLE RISK OF DRIVING

2:52:17THEM OUT OF PORTLAND. HONESTLY,

2:52:18THERE'S VERY LITTLE RISK OF

2:52:19THEM NOTICING THIS TAX. IT'S SO

2:52:22SMALL RELATIVE TO THEIR THEIR

2:52:24ACTUAL INCOME.

2:52:29>> AND WOULD, FOR EXAMPLE,

2:52:32WOULD A COMPANY LIKE PENDLETON

2:52:33WOOLEN MILLS PAY OR ANY PRIVATE

2:52:36COMPANY?

2:52:37>> NO. PENDLETON IS NOT

2:52:38PUBLICLY TRADED. RIGHT. YEAH.

2:52:41SO THEY'RE NOT THEY DON'T PAY

2:52:44THE SURTAX. THE SURTAX IS ONLY

2:52:46ON THE PUBLICLY TRADED

2:52:48CORPORATIONS THAT REPORT THIS

2:52:50INFORMATION TO THE SEC.

2:52:52>> AND FOR US LAYPEOPLE, CAN

2:52:53YOU EXPLAIN WHAT A PUBLICLY

2:52:54TRADED COMPANY IS?

2:52:55>> IF YOU CAN BUY A COMPANY'S

2:52:57STOCK ON, ON, YOU KNOW, ON A

2:52:59STOCK MARKET, IT'S PUBLICLY

2:53:01TRADED. ESSENTIALLY, THESE ARE

2:53:03THE BIG CORPORATIONS THAT, YOU

2:53:05KNOW, THE NAMES OF THAT THAT

2:53:06EVERYBODY IN THE COUNTRY KNOWS

2:53:07THE NAMES OF.

2:53:08>> AND CAN YOU OUTLINE A BIT

2:53:10MORE CLEARLY WHAT THE THE TAX

2:53:12BREAK THAT WE'RE TALKING ABOUT

2:53:14IS FOR THE 18,000 SMALL

2:53:16BUSINESSES THAT MAKE UNDER

2:53:17500,000 A YEAR.

2:53:20>> WHAT IT IS IN TERMS OF HOW

2:53:22IT WORKS OR HOW MUCH MONEY IT

2:53:23IS.

2:53:24>> HOW IT WORKS, HOW MUCH IT IS,

2:53:26BECAUSE I THINK THERE WAS AN

2:53:27ASSERTION THAT WE ARE SAYING

2:53:28THIS WILL MAGICALLY WAIVE ALL

2:53:30TAXES, WHICH I WISH WE COULD DO

2:53:31THAT FOR OUR SMALL BUSINESSES,

2:53:33BUT ALAS, PROBABLY NOT

2:53:34REALISTIC.

2:53:35>> NO, THIS IS JUST THE

2:53:36BUSINESS LICENSE TAX. THAT'S

2:53:37THE CITY OF PORTLAND CHARGES

2:53:39THESE BUSINESSES. SO IT'S

2:53:42CURRENTLY 75,000 IN SALES OR

2:53:44BELOW. IT'S GOING TO MOVE UP TO

2:53:46100,000 NEXT YEAR. THIS WOULD

2:53:47MOVE IT UP TO TO 500. SO

2:53:49THEY'RE STILL PAYING PLENTY OF

2:53:52OTHER TAXES.

2:53:54>> THANK YOU ERIC. AND JUST TO

2:53:56BE CLEAR, I THINK THAT THIS

2:53:57COUNCIL FREQUENTLY GETS INTO

2:53:58THE LOGIC THAT IF SOMETHING

2:54:00DOESN'T SOLVE EVERYTHING, THEN

2:54:01IT'S NOT WORTH DOING. BUT LIKE

2:54:04THE THE PINBALL FEE WAIVER FOR

2:54:07SMALL BUSINESSES, RIGHT? IT'S A

2:54:09SMALL BUT IMPORTANT PART OF

2:54:11CHIPPING AWAY AT ALL OF THE

2:54:12THINGS THAT MAKE IT HARD TO DO

2:54:14BUSINESS IN THE CITY OF

2:54:15PORTLAND FOR SMALL BUSINESSES.

2:54:16SO THAT'S WHY I SUPPORTED THAT.

2:54:18I THINK THAT'S A GOOD IDEA. I

2:54:19THINK ANYWHERE THE SANDWICH

2:54:21BOARD FEE, THAT'S ANOTHER GOOD

2:54:22IDEA. ANYTHING THAT WE CAN DO,

2:54:24THESE LITTLE THINGS TO CHIP

2:54:25AWAY AT WHAT MAKES IT DIFFICULT

2:54:27TO RUN A BUSINESS IN PORTLAND,

2:54:28I THINK MATTERS. AND SO THAT'S

2:54:30PART OF WHY WE WANTED TO

2:54:31ADDRESS THE BLT FOR SMALL

2:54:34BUSINESSES. SO THANKS FOR THAT.

2:54:36AND MAYBE JUST STAY UP HERE

2:54:38BECAUSE THERE WILL PROBABLY BE

2:54:39MORE QUESTIONS.

2:54:40>> THANK YOU. COUNCILOR.

2:54:41MORILLO. COUNCILOR. RYAN IS

2:54:42NEXT, FOLLOWED BY COUNCILOR

2:54:44GREEN.

2:54:44>> THANK YOU, CHAIR. AND I WANT

2:54:46TO START OFF BY THANKING

2:54:47EVERYONE FOR THE TESTIMONY LAST

2:54:49WEEK. AND I WAS GOING TO

2:54:50MENTION IT WAS ODD. THERE WERE

2:54:52ONLY 1 OR 2 PEOPLE HERE AND

2:54:53THEN YOU ALL JUST SHOWED UP. SO

2:54:55WELCOME. I ALSO WANT TO

2:54:56ACKNOWLEDGE YOU COUNCILOR

2:54:57NOVICK AND COUNCILOR

2:54:59PIRTLE-GUINEY FOR GIVING THAT

2:55:00CONTEXT ABOUT HOW THIS PLAYS

2:55:02OUT. YOUR HISTORY AND LIVED

2:55:05EXPERIENCES WERE REALLY HELPFUL

2:55:06FOR ME TO LISTEN TO IN THIS

2:55:08DIALOG, AND I'M GLAD WE'RE

2:55:09FINALLY HERE THAT WE GET TO

2:55:10HAVE A CONVERSATION. AND I ALSO

2:55:14WANT TO ACKNOWLEDGE MY

2:55:15COLLEAGUES WHO REALLY HAVE BEEN

2:55:16SPENDING A LOT MORE TIME

2:55:18TALKING TO SMALL BUSINESSES. I

2:55:18THINK YOU ALL KNOW, I TAKE

2:55:20GREAT JOY IN THAT. I TRY TO

2:55:21SPEND ALL OF MY FREE TIME OUT

2:55:23OF CITY HALL, WALKING AROUND

2:55:25DISTRICT TWO, LISTENING TO THE

2:55:27STOREFRONT OWNERS, AND I REALLY

2:55:30APPRECIATE THAT. I THINK THE

2:55:31LEVEL OF AWARENESS OF WHAT

2:55:33THEY'RE GOING THROUGH HAS

2:55:34HEIGHTENED DURING THIS DIALOG.

2:55:35AND I THINK THAT'S REALLY

2:55:36IMPORTANT FOR OUR COUNCIL. I'LL

2:55:40SAY THAT THIS WASN'T THE ITEM

2:55:41THAT CAME UP THE MOST WHEN I

2:55:43LISTENED TO SMALL BUSINESSES.

2:55:44IT WAS OTHER ISSUES THAT WE'VE

2:55:46ADDRESSED IN THE STOREFRONT

2:55:48PROGRAM. I'LL JUST SAY THAT THE

2:55:50RELIEF PART IS PRETTY EASY FOR

2:55:52ME TO SUPPORT. LIKE IF THESE

2:55:53ARE DECOUPLED, I COULD HAVE

2:55:54THAT CONVERSATION, BUT I, I

2:55:58COULDN'T GET PEOPLE TO TESTIFY.

2:56:01AGAIN, MY SMALL BUSINESS

2:56:03NETWORK, WHICH IS PRETTY VAST.

2:56:04I KEPT HEARING THIS QUOTE, THE

2:56:07AMOUNT COMING DOWN THERE FOR

2:56:08MAYBE FOUR HOURS WOULD NULLIFY

2:56:11THE $900 I MIGHT SAVE. SO THE

2:56:13SMALL BUSINESSES THAT I TALKED

2:56:15TO JUST COULDN'T GET HERE TO

2:56:17TESTIFY. AND THEY WERE MOSTLY

2:56:19TRYING TO UNDERSTAND WHAT THIS

2:56:20WAS, BUT IT WASN'T. I WANTED TO

2:56:22LISTEN TO THEM TO ASK, WOULD

2:56:24THIS BE HELPFUL? AND AGAIN,

2:56:25THEY TOLD ME, COUNCILOR RYAN,

2:56:27YOU KNOW WHAT WOULD BE HELPFUL?

2:56:29AND IT'S A DIFFERENT LIST. BUT

2:56:32I CAN SO I COULD SUPPORT IT IF

2:56:33IT WAS DECOUPLED. BUT THAT'S

2:56:35NOT THE CONVERSATION TODAY. I

2:56:36WANT TO GET TO THE SOURCE.

2:56:37THAT'S I THINK THE CONFUSION

2:56:39THAT WE'RE HAVING IS THE SOURCE.

2:56:41AND I DO WANT TO ACKNOWLEDGE

2:56:42THAT. FINALLY, WE'RE HAVING

2:56:44DIALOG. SOME OF YOU ALL HAVE

2:56:46BEEN WORKING ON THIS SINCE

2:56:47FEBRUARY. SIX OF US ARE NOW

2:56:49LEANING INTO UNDERSTANDING WHAT

2:56:50THIS IS, AND WE'RE TRYING TO

2:56:52GET TO THE BOTTOM OF WHAT THOSE

2:56:53SOURCES ARE. WHEN I FIRST HEARD

2:56:55IT, I WAS REAL CLEAR IT'S GOING

2:56:56TO IMPACT CEOS THAT I'LL NEVER

2:56:58KNOW THAT LIVE IN PLACES LIKE

2:57:00MINNEAPOLIS. THAT'S WHERE

2:57:01TARGET'S LOCATED. IT WOULD BE

2:57:04CEOS THAT LIVE IN CINCINNATI.

2:57:05THAT'S WHERE KROGER'S LOCATED.

2:57:07AND YOU KNOW, NEW YORK, SEATTLE,

2:57:10YOU GET THE PICTURE. AND SO I

2:57:13THEN PAUSED AND THOUGHT ABOUT

2:57:14THE GOOD PEOPLE IN DISTRICT TWO.

2:57:18SO THE NEIGHBORHOOD,

2:57:20SPECIFICALLY HAYDEN ISLAND.

2:57:20I'LL START THERE. HEY, NYLON IS

2:57:23A IS OUT THERE. OUR NORTH

2:57:25WATERFRONT. I HOPE PEOPLE START

2:57:26PAYING MORE ATTENTION TO IT.

2:57:28AND THEY'RE SUFFERING. WE'VE

2:57:30HAD A LOT OF CLOSURES OUT THERE.

2:57:32THE GOOD PEOPLE NEAR DELTA PARK,

2:57:34BRIDGETON, EAST COLUMBIA,

2:57:37WALMART CLOSED AND ONE OF THEIR

2:57:39SITES WAS THE EXTRA TAXES. AND

2:57:41THE CEO THAT LIVES FAR AWAY

2:57:43COULDN'T JUSTIFY EXPLAINING WHY.

2:57:45WITH PROPERTY CRIME SO HIGH AND

2:57:47WITH SO MUCH OF THEIR REVENUES

2:57:48STOLEN, LITERALLY, THEY JUST

2:57:50COULDN'T JUSTIFY MAKING BANK

2:57:51HERE ANY LONGER. I'M NOT A

2:57:53WALMART FAN. I, I, BUT I'LL SAY

2:57:56A LOT OF PEOPLE IN WORKING

2:57:58CLASS NEIGHBORHOODS WOULD LIKE

2:58:00ACCESS TO FRESH GROCERIES. AND

2:58:01THAT WAS TAKEN AWAY FROM THEM.

2:58:03SO THEIR ONLY SUPPLIER THAT

2:58:05GIVES FRESH GROCERIES IN THOSE

2:58:07NEIGHBORHOODS. I NEVER THINK OF

2:58:09THIS AS A GROCERY STORE, BUT

2:58:10IT'S TARGET. SO I THINK ABOUT

2:58:13WHAT WILL HAPPEN IF WE PASS

2:58:15THIS. WHAT'S THE CONSEQUENCES

2:58:17THAT ARE MAYBE JUST TWO YEARS

2:58:18OUT? LIKE I GET THE SHORT TERM

2:58:20GAIN FOR ONE YEAR. I ALWAYS AM

2:58:22TRYING TO FIGURE OUT HOW TO

2:58:23BRING IN MORE REVENUE. SO

2:58:25THERE'S THAT. BUT WHAT WILL

2:58:26HAPPEN? WHAT ARE THE

2:58:27CONSEQUENCES FOR THOSE

2:58:28RESIDENTS IN NORTH PORTLAND IF

2:58:29THIS PASSES? WELL, I LOOKED UP

2:58:32SOME OF THIS AND TARGET IS

2:58:35GOING TO BE TAXED AT 15%. SO

2:58:39WITH THAT SAID, CEO DON'T KNOW

2:58:41THEIR NAME. LOOK AT ALL THE

2:58:45DETAILS BECAUSE THEY SUDDENLY

2:58:46WILL WAKE UP. THEY PROBABLY

2:58:47DON'T HAVE A LOT OF TIME

2:58:49FOCUSING ON ONE STORE ON HAYDEN

2:58:50ISLAND, PORTLAND, OREGON. VERY

2:58:51OFTEN THEY'LL BE LIKE, WELL,

2:58:52NOW I'M GOING TO LOOK AT IT

2:58:54BECAUSE I JUST GOT THIS BIG

2:58:56INCREASE, AND MAYBE THEY'LL

2:58:57NOTICE THAT THINGS AREN'T

2:58:58PENCILING OUT VERY WELL AND

2:59:00THEY'RE NOT LIVING THERE. SO

2:59:01THEY'RE NOT LISTENING TO MY

2:59:03CONSTITUENTS ABOUT THEIR

2:59:04CONCERNS ABOUT BEING IN A FOOD

2:59:06DESERT. AND THEN NEXT THING YOU

2:59:08KNOW, TARGET'S CLOSED. HOW WILL

2:59:10THIS COUNCIL FEEL ABOUT THAT?

2:59:12HOW DO WE FEEL ABOUT ADDING

2:59:13ANOTHER FOOD DESERT IN PORTLAND,

2:59:15OREGON, BY OUR DIRECT ACTION? I

2:59:17ASKED THAT QUESTION. AND WHY

2:59:18WOULD PEOPLE FROM VANCOUVER

2:59:20COME OVER? THAT'S THEIR HABIT.

2:59:22THE VANCOUVER RIGHTS HAVE BEEN

2:59:23GOING TO HAYDEN ISLAND JENSEN

2:59:24BEACH FOR DECADES BECAUSE OF

2:59:26THEIR SALES TAX. WELL, IF WE'RE

2:59:28TAXING 15%, CHANCES ARE FIRST

2:59:31THEY'RE GOING TO DO THAT TO MY

2:59:32WORKING CLASS CONSTITUENTS AND

2:59:33HAINAN ISLAND. AND THEN BEFORE

2:59:35YOU KNOW IT, THOSE PRICES WILL

2:59:37GO UP. AND AGAIN, IT'S NOT

2:59:38GOING TO WORK OUT WELL FOR THE

2:59:40WORKING CLASS RESIDENTS OF

2:59:41HAYDEN ISLAND. THIS IS HOW I

2:59:43UNDERSTAND IT, BASED ON WHAT

2:59:44I'VE HEARD, BECAUSE YOU'VE TOLD

2:59:45ME IT'S PUBLICLY TRADED

2:59:47COMPANIES THAT AREN'T IN

2:59:49PORTLAND. SO I THINK I'M

2:59:50IDENTIFYING ONE FOR ALL OF YOU

2:59:52WITH THE SIGNS THAT YOU'LL HAVE

2:59:53TO ADDRESS THAT QUESTION. AND

2:59:55THEN THERE'S ALSO THE FACT THAT

2:59:57KROGER EXISTS AND THEY OWN THE

2:59:59SAFEWAY, THE FRED MEYERS, THE

3:00:01QFC. AND RIGHT NOW IN IN NORTH

3:00:05PENINSULA AREA, SAINT JOHN'S

3:00:07GOING ALL THE WAY OVER. WE HAVE

3:00:09A FRED MEYER AND SAFEWAY IN

3:00:10SAINT JOHN'S. I DOUBT IN TWO

3:00:13YEARS IF THEY'RE GOING TO KEEP

3:00:14ONE OF THOSE OPEN, I DOUBT IF

3:00:16THEY'RE GOING TO KEEP THE. FRED

3:00:18MEYER IN ARBOR LODGE MEETS

3:00:19CANTON OPEN. THIS IS A REAL

3:00:22RISK, COLLEAGUES, THAT WE WILL,

3:00:24IN FACT IMPLEMENT ANOTHER TAX

3:00:26THAT WOULD CLOSE DOWN BIG BOX

3:00:30RETAIL, THAT PROVIDE FRESH FOOD.

3:00:33AND SO I ASK YOU TO CONSIDER

3:00:34THAT AS WE MAKE THOUGHTFUL

3:00:36DECISIONS ABOUT WHAT THE

3:00:39INTENDED, THE UNINTENDED

3:00:40CONSEQUENCES, PERHAPS YOU ALL

3:00:41HAVEN'T DISCUSSED.

3:00:43>> COUNCILOR. RYAN YEAH. CAN I

3:00:44ADDRESS THE GROCERY STORE PART?

3:00:46>> YEAH.

3:00:47>> WHICH IS BEFORE YOU CONTINUE,

3:00:48THE GROCERY STORE QUESTION IS

3:00:50ADDRESSED IN THE FAQ BECAUSE WE

3:00:51WERE REALLY CONCERNED ABOUT THE

3:00:53FOOD DESERTS AS WELL. BUT THESE

3:00:55BUSINESSES ARE A LITTLE BIT

3:00:57DIFFERENT THAN OTHER BUSINESSES

3:00:58BECAUSE THEY OPERATE ON REALLY

3:00:59THIN MARGINS. IS THAT AROUND 2%?

3:01:01SO THE TAX WOULD BE VERY SMALL,

3:01:03EVEN AT THE SECOND TO HIGHEST

3:01:04TAX BRACKET. THAT WOULD BE

3:01:06EQUIVALENT TO A TAX OF $0.18 ON

3:01:08EVERY $100.

3:01:09>> I LOOK FORWARD TO THAT.

3:01:10>> Q&A, BECAUSE BASED ON WHAT

3:01:12THE KNOWLEDGE THAT I HAD FROM

3:01:13ALL OF YOU, IT WAS CLEAR THAT

3:01:15THESE WERE CEOS FAR AWAY.

3:01:17THEY'D BE TAXED AT THIS AMOUNT,

3:01:18AND THAT'S WHERE THOSE

3:01:19PERCENTAGES COME FROM. BUT I

3:01:21LOOK FORWARD TO READING THE

3:01:22THAT'S WHY WE'RE HAVING A

3:01:23MEETING. SO WE COULD HAVE THIS

3:01:24KIND OF CONVERSATION IF I COULD

3:01:27FINISH. SO MY POINT IS, I'M

3:01:31CONCERNED ABOUT THE LONG TERM

3:01:33CONSEQUENCES. WE NEED TO BE

3:01:35FAIR TO OUR WORKING CLASS

3:01:37FAMILIES. SO THAT'S WHY THAT'S

3:01:39WHY I'M ADVOCATING FOR THEY

3:01:40NEED AFFORDABILITY AS WELL. AND

3:01:42THEY NEED ACCESS TO THESE

3:01:44STORES. UNLESS WE WANT TO HAVE

3:01:46THE CONVERSATION THAT YOU'RE

3:01:47OKAY WITH THAT BECAUSE YOU WANT

3:01:48GROCERY STORES TO ALL BE

3:01:50GOVERNMENT RUN. THAT'S A FAIR

3:01:52QUESTION. WE NEED TO HAVE THAT

3:01:53CONVERSATION. IF THAT'S THE

3:01:55AGENDA THAT THIS IS PRODUCING,

3:01:56PLEASE SAY IT. MY POINT IS WE

3:01:59NEED TO BE COMPETITIVE IN THE

3:02:01MARKETPLACE. WE KEEP MAKING

3:02:02DECISIONS THAT MAKE US AN

3:02:04ISOLATED ISLAND WITHIN THE

3:02:06UNITED STATES OF AMERICA. AS

3:02:09COUNCILOR NOVICK, WHO KNOWS

3:02:09MORE ABOUT THIS THAN I DO, AND

3:02:11I THINK THE REST OF US, YOU

3:02:13MENTIONED SAN FRANCISCO IS ONE

3:02:14OF THE ONLY ONES. AND THEN YOU

3:02:16GAVE A REALLY GOOD ASSESSMENT

3:02:17OF WHAT THEY'VE EXPERIENCED IN

3:02:18THAT CITY WITH A LOT MORE MONEY

3:02:20THAN OURS. AND SO I JUST ASK

3:02:22YOU TO MAKE SURE THAT WE'RE

3:02:24CONSCIENTIOUS OF AFFORDABILITY

3:02:25FOR WORKING CLASS PORTLANDERS,

3:02:27AND WE DON'T TAKE WHAT, ON THE

3:02:29SURFACE, SOUNDS LIKE A REALLY

3:02:30QUICK, EASY WIN FROM A NATIONAL

3:02:32PLATFORM ISSUE INSERTED INTO

3:02:34OUR CITY, PORTLAND, OREGON.

3:02:37SOMETIMES NATIONAL PLATFORM

3:02:38ISSUES DON'T FIT NEATLY INTO

3:02:40THE LOCAL. THE LOCAL, REALLY

3:02:43THE LOCAL ACTUAL REAL ISSUES

3:02:47THAT WE'RE FACING IN PORTLAND,

3:02:48OREGON. SO I HOPE THAT YOU

3:02:50SENSE THAT I'M ACTUALLY REALLY

3:02:52CONCERNED ABOUT HOW THIS CAN

3:02:54ACTUALLY BE FAIR. AND RIGHT NOW

3:02:56I'M NOT THERE. I HAVEN'T BEEN

3:02:58CONVINCED TO COME TO THE YES

3:02:59SIDE. THANK YOU.

3:03:00>> THANK YOU, COUNCILOR RYAN.

3:03:02COLLEAGUES, WE'RE AT 1229.

3:03:04COUNCILOR GREEN, YOU'RE NEXT IN

3:03:05THE QUEUE, FOLLOWED BY ME.

3:03:06WOULD YOU PREFER TO WAIT UNTIL

3:03:08LATER OR WOULD YOU PREFER TO GO

3:03:09NOW? OKAY, GO FOR IT.

3:03:11>> THANK YOU. I KNOW WE'RE

3:03:12RUNNING THIN ON TIME, BUT I

3:03:13JUST WANT TO BRIEFLY RESPOND TO

3:03:15A NUMBER OF QUESTIONS THAT

3:03:16COUNCILOR RYAN RAISED. SO A TAX

3:03:21ON PROFITS IS NOT PASSED ON THE

3:03:23WAY. A TAX ON SALES IS A GROSS

3:03:26RECEIPTS TAX. A TARIFF A TAX ON

3:03:28PROFITS IS GENERALLY PASSED ON

3:03:32TO EXECUTIVES AND SHAREHOLDERS.

3:03:35AND SO THIS IS THIS WOULD BE

3:03:36ABSORBED AT THE LEVEL LIKE IF

3:03:38WE'RE GOING TO PURSUE THE

3:03:39TARGET EXAMPLE, THE KROGER

3:03:40EXAMPLE. I THINK PEOPLE ARE

3:03:41WORRIED ABOUT THAT.

3:03:42>> THAT'S 9% PROGRAM.

3:03:44>> YOU YOU'RE YOU'RE TALKING

3:03:46ABOUT A FIRM THAT ALREADY HAS

3:03:49THIN MARGINS. OKAY. GENERALLY

3:03:52SPEAKING, GROCERY STORES HAVE

3:03:542% MARGINS. AND SO IF YOUR

3:03:56MARGINS ARE, YOU KNOW, $2 ON

3:03:58EVERY HUNDRED DOLLARS THAT YOU

3:04:01MAKE IN REVENUE, THEN YOU'RE

3:04:03PAYING THAT PERCENTAGE TAX OF

3:04:05THAT $2. OKAY. AND SO THERE'S

3:04:09NO WAY FOR THIS TAX TO MAKE A

3:04:11COMPANY UNPROFITABLE. THERE'S

3:04:15ONLY THIS TAX CAN ONLY MAKE A

3:04:16COMPANY LESS PROFITABLE. AND SO

3:04:18IF TARGET IS MAKING A BUSINESS

3:04:20DECISION, AND AGAIN, I THINK

3:04:21THE IDEA IS IF THE CEOS ARE

3:04:24PAID SO MUCH BECAUSE THEY ARE

3:04:26MASTERS OF CAPITAL, THEY NO ONE

3:04:28CAN DO WHAT THEY DO BETTER THAN

3:04:29THEY CAN. THEN SURELY THEY

3:04:31WOULD UNDERSTAND THAT IT WAS IT

3:04:33WOULD NOT BE IN THE INTEREST OF

3:04:34THE FIRM TO TAKE A COMPANY

3:04:36THAT'S PROFITABLE AND TAKE IT

3:04:38OUT OF THE MARKET, BECAUSE IT'S

3:04:39SLIGHTLY LESS PROFITABLE NOW,

3:04:41BECAUSE THAT'S THE PRESUMPTION

3:04:42THAT'S BEING MADE. THE OTHER

3:04:44THING IS A TAX ON PROFITS HERE,

3:04:48EVEN IF IT'S 9% OR 15% WITH THE

3:04:51SURTAX, IS STILL FAR LESS THAN

3:04:53A SALES TAX IN EQUIVALENT TERMS.

3:04:57AND THE REASON WHY HAYDEN

3:04:58ISLAND HAS THOSE BIG BOX STORES

3:05:00THERE IS BECAUSE THEY ARE RIGHT

3:05:03NEXT TO WASHINGTON STATE.

3:05:04>> I KNOW.

3:05:05>> THAT, I KNOW, I KNOW YOU

3:05:06KNOW THAT, BUT I AM TALKING TO

3:05:08THE PUBLIC NOW AND TRYING TO

3:05:10CONNECT THE ACTUAL ECONOMIC

3:05:11LOGIC OF THE SITUATION. AND SO

3:05:13IF THE CEO IN CINCINNATI OR

3:05:16WHEREVER THEY ARE, WANTS TO

3:05:18SHUT DOWN ONE OF THESE FIRMS

3:05:20BECAUSE THE CITY OF PORTLAND IS

3:05:21NOW COLLECTING BACK A LITTLE

3:05:23BIT OF WHAT THEY HAVE LOST OVER

3:05:24THE LAST DECADE, THEN THEY

3:05:27WOULD LOSE A BUNCH OF MARKET

3:05:29AND SALES AND PROFIT TO

3:05:31WASHINGTON STATE RETAILERS, AND

3:05:32THAT WOULD BE A REALLY POOR

3:05:33BUSINESS DECISION TO MAKE. SO I,

3:05:36I HAVE VERY LITTLE CONCERN THAT

3:05:38THERE IS ANY ACTUAL RISK THAT

3:05:41AN INCREASE IN THE BUSINESS

3:05:43LICENSE, CEO SURCHARGE, SURTAX

3:05:45ON THIS BLT WOULD HAVE A NET

3:05:47IMPACT ON HAYDEN ISLAND

3:05:50RETAILERS. AND ALSO, AT THE END

3:05:53OF THE DAY, THE PEOPLE IN THAT

3:05:56PART OF YOUR DISTRICT ARE

3:05:57HAVING A HARD TIME BECAUSE

3:05:58THEY'RE PAID LOW WAGES. OKAY,

3:06:02YEAH, THE CITY OF PORTLAND

3:06:03WOULD HAVE A LOT BETTER

3:06:05ECONOMIC DEVELOPMENT OUTCOMES

3:06:06IF WE PAID HIGHER WAGES. AND SO

3:06:09IF THERE'S A IF KROGER OR

3:06:12TARGET OR BOOT BARN OR WHATEVER,

3:06:14WHATEVER THE COMPANY IS, ROSS

3:06:16DRESS FOR LESS. IF THEY ALL

3:06:17DECIDE TO LEAVE, THAT CREATES A

3:06:19GREAT OPPORTUNITY FOR LOCAL

3:06:21RETAILERS TO FILL THAT VOID AND

3:06:22PROVIDE THAT SERVICE AND PAY A

3:06:24BETTER WAGE. AND THEN EVERYONE

3:06:25IS BETTER OFF. AND SO THIS

3:06:27ISN'T THIS ISN'T A NATIONAL

3:06:31PLATFORM THAT'S NOT FIT TO

3:06:32PORTLAND'S PROBLEMS. PORTLAND

3:06:33HAS VERY ACUTE ISSUES RELATED

3:06:35TO LOW WAGES, INEQUALITY, AND

3:06:38THE INABILITY FOR US TO PAY FOR

3:06:41OUR MUNICIPAL SERVICES WITHOUT

3:06:44NICKEL AND DIMING EVERYDAY

3:06:45WORKING CLASS PEOPLE BECAUSE WE

3:06:47ARE AFRAID TO TAX LARGE

3:06:49CORPORATIONS. THAT'S THE ROOT

3:06:50OF OUR PROBLEMS IN THE CITY OF

3:06:52PORTLAND. I'M PROBABLY OUT OF

3:06:54TIME. WE CAN CONTINUE THIS

3:06:55DISCUSSION LATER, BUT I'LL JUST

3:06:56SAY, PLEASE READ THE FAQ THAT

3:06:59IS ATTACHED TO THIS ITEM BEFORE

3:07:01WE GET TO THE NEXT DISCUSSION.

3:07:03A LOT OF THE MISREPRESENTATIONS

3:07:05THAT HAVE BEEN MADE TODAY ARE

3:07:06ADDRESSED IN THAT FAQ, SO THANK

3:07:08YOU, CHAIR KANAL.

3:07:09>> THANKS, COUNCILOR GREEN. SO

3:07:11I'LL JUST QUICK PROGRAMING NOTE

3:07:13AND THEN WE WILL ADJOURN

3:07:14BECAUSE WE'RE PAST TIME HERE.

3:07:16SO I AM NOTING THAT COUNCILOR,

3:07:17NOVICK AND I ARE IN THE QUEUE

3:07:19FOR THE NEXT TIME WE PICK THIS

3:07:20UP. THIS ITEM IS GOING TO BE

3:07:24CONTINUED ON. I DON'T KNOW TILL

3:07:25WHEN OFF THE TOP OF MY HEAD,

3:07:27BUT YOU'LL GET AGENDAS ARE

3:07:28COMING OUT ON FRIDAY MORNING,

3:07:30SO CHECK THERE AND I'LL TRY TO

3:07:31GET THAT AS SOON AS WE CAN.

3:07:33SIMILARLY, THE PRESENTATION

3:07:35ITEM ON STREET RENAMING CODE

3:07:37AND THE PROCESS AROUND CODE

3:07:3917.93 IS ALSO BEING CONTINUED.

3:07:41ON TO A LATER MEETING, TBD AS

3:07:44WELL. SO WITH THAT, I'M GOING

3:07:47TO ADJOURN THIS MEETING OF THE

3:07:48COMMITTEE OF THE WHOLE AT 12:33

3:07:50P.M. THANKS, EVERYBODY. SEE YOU

3:07:51BACK FOR THE COUNCIL MEETING.