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From YouTube: July 6, 2021 Finance Committee Meeting
Description
Finance Committee meeting to discuss legislation in committee and receive and update from the Treasurer and Budget Director on the City's current fiscal position.
A
B
C
C
B
E
Thank
you
to
my
colleagues
and
staff.
As
most
people
know,
I've
been
pretty
severely
ill
for
the
past
six
weeks,
not
quite,
but
I
just
thank
you
so
much
to
everybody,
for
of
your
willingness
to
adapt
and
and
to
everyone,
that's
kind
of
helped
me
on
the
journey.
If
someone
there
wouldn't
mind
calling
the
role
who
exactly
is
here,
I
would
appreciate
it
because
I
think
probably
people
can
see
better
than
I
can.
C
A
E
E
E
E
E
G
A
G
Once
we
contacted
dan
hirshberg
and
got
an
accurate
plot
plan
and
boundary
restrictions,
we
realize
that
actually,
the
that
particular
parcel
is
undevelopable.
There's
a
substructure
underneath
the
pump
station
that
expands
on
that
parcel
and
there's
the
patroon
creek
culvert
that
cuts
in
from
the
south
side,
as
well
as
floodway
restrictions
that
go
to
the
north
side,
we'll
still
be
able
to
utilize
that
for
an
open
area,
landscape
patio
area
and
then
the
hershberg
work
that
was
done.
They
realized
that
there
is
more
room
to
expand
to
the
west
side.
G
G
G
H
Is
yeah
thing
on
okay,
yeah,
hey,
I'm
the
sponsor
of
this.
I
do
support
it.
It's
the
structure
down.
There
is
a
an
old
pump
station.
That's
been
defunct
for
years.
I
think
the
previous
owner
at
crossfit
tried
to
do
something
with
it,
but
it
was
just
unworkable
for
her
financially
I'm
glad
to
support
mr
armand.
I
you
know
have
a
you
know
knowledge
of
his
past
business
endeavors,
and
so
I
support
this
100
and
I
hope
other
council
members
will
also.
C
C
C
E
C
E
C
E
B
She's
been
the
primary
caretaker
of
these
properties
that
abut
her
property
she's,
been
keeping
the
grass
mold
she's
also
has
been
picking
up
debris,
keeping
individuals
from
lowering
around
the
properties.
She
has
been
doing
this
for
a
while,
and
these
properties
have
been
sitting
vacant
for
a
while.
So
I
think
it's
only
befitting
that,
since
these
properties
are
adjacent
to
her
property
that
she
would
be
able
to
purchase
this
property,
as
as
she
has
already
been,
maintaining
the
properties
in
their
current
conditions.
B
C
C
I
I
When
I
saw
these
three
sales
proposed,
I
actually
looked
it
up
and
she's
not
listed
as
an
adjacent
property
owner
for
any
of
these
three
parcels
I
inquired
with
the
clerk
and
then
also
with
the
assessor,
and
they
confirmed
that
she's,
not
an
adjacent
property
owner.
So
I
was
actually
a
little
confused
on
why
the
city
would
choose
to
sell
three
properties
to
somebody
who's,
not
adjacent.
I
So
I
appreciate
the
council
member
robinson
indicates
indicated
that
she
has
been
doing
that
for
years,
but
I'm
still
concerned
that
perhaps
the
committee
is
relying
on
inaccurate
information
when
deciding
whether
or
not
to
sell
this
property
to
a
resident.
My
other
concern
is:
does
she
have
any
plans
for
the
property
other
than
just
to
expand
the
amount
of
land
she
holds?
I
Even
if
the
city
is
not
using
it
for
some
specific
public
purpose,
the
land
could
be
better
utilized
other
than
just
selling
it
to
a
private
landowner,
especially
when
we
have
three
properties
that
are
kind
of
adjacent
in
in
that
part
of
town.
I
think,
as
council
member
farrell
was
bringing
up
livingston
and
lark
well,
two
one
of
the
properties
on
livingston
is
shares
a
land
border
with
one
of
the
properties
on
mark
and
so
they're
all
kind
of
in
that
same
location.
So
I
just
wanted
to
raise
those
concerns.
A
I
A
H
H
So
what
I
would
just
add
is
that
miss
dr
robinson
does
she's,
not
the
immediate
adjacent
property,
but
she's,
maybe
one
property
away.
She
certainly
lives
in
the
area,
cares
about
it
and
takes
care
of
it.
The
properties
there
are
the
the
corners
of
lark,
two
were
on
the
north
side
of
lark
street
and
one
is
on
the
south
side
of
livingston
they're,
pretty
close
in
proximity
there.
A
H
Interest
in
the
property
I
didn't
know
there
was
an
llc
involved.
I
thought
it
was
just
a
sale
to
dr
brenda
robinson
and
also
I
don't
recall
us,
you
know
delving
into
and
and
stating
you
know
well,
what
are
they
going
to
do
with
them
or
what
or
I
mean
it's,
it's
important
that
we
know
how
how
the
properties
are
going
to
be
developed.
So
we
don't
just
end
up
with
them
back
on.
You
know
vacant
and
unkempt,
but
I
don't.
H
D
D
This
ordinance
was
drafted
before
I
joined
the
office,
but
I
was
briefed
prior
to
attending
this
meeting
that
we
were
informed
that
dr
robinson
is
not
the
property
owner,
so
the
supporting
memorandum
should
be
amended
to
reflect
that
dr
robertson
is
not
the
property
owner
of
the
adjacent
property.
However,
we
are
aware
that
she
maintains
the
adjacent
properties.
E
J
I
like
to
make
a
motion
to
move
forward.
I
think,
since
she
lives
in
the
neighborhood
and
has
been
taking
care
of
it,
I
feel
comfortable
with
that.
I
know
she's
a
good
neighbor
if
she,
if
she
was
someone
who
lived
downstate
or
then
someone
that
people
didn't
know,
I'd,
have
a
different,
different
sense
of
concern,
but
since
she
lives
in
a
neighborhood-
and
I
think
we
all
know
the
good
work
that
she's
done
for
our
city,
especially
over
the
last
year
and
a
half,
I
feel
comfortable
with
her
being
the
purchaser
of
these
lots.
E
L
Since
then,
in
fact,
I
graduated
there
in
1973-
and
I
remember
you
know-
being
out
there
in
1977,
cardinal
mccluskey
and
vincentian
institute
merged
and
those
teams
played
on
those
ball
fields
as
well
in
this
chain
of
high
school
incarnations
at
99.
Slingerland
street
have
kept
a
strong
presence
and
important
presence
in
that
neighborhood
for
over
50
years.
L
So
in
2019
I
was,
I
was
relatively
new
to
the
job
at
that
point,
and
I
was
contacted
by
dgs
here
in
the
city
to
come
and
clean
up
some
debris
and
some
overgrowth
at
the
on
a
cul-de-sac
on
vino
street,
and
I
didn't
know
that
I
had
a
cul-de-sac
on
beno
street.
So
when
I
looked
into
the
matter,
I
found
that
there
was
indeed
a
cul-de-sac
at
the
end
of
bino
street.
L
L
I
talked
with
luis
roldan
at
the
time
subsequent
to
that.
I've
had
numerous
conversations
with
chris
spencer,
zach
powell
and
brett
williams
from
the
corporation
council's
office,
and
the
upshot
of
it
is
is
this
property
has
been
used,
as
I
said,
for
over
50
years
by
carl
mccluskey,
bishop
mcginn
and
vincentian
institute,
and
now
we're
hoping
that
green
tech
can
enjoy
the
use
of
this
property
as
well.
L
Green
tech
came
came
to
fruition,
it
just
never
was.
It
was
an
oversight,
and
I
don't
want
to
blame
anybody
on
oversight
on
my
predecessor's
part
who
had
assurances
in
previous
administrations
that
this
would
never
be
an
issue,
and
I
know
that
you
know
there
are
no
rubber
stamps
any
longer.
There
may
have
been
back
in
the
day,
but
I
I
know
that.
L
L
E
E
E
Fantastic,
thank
you.
So
much
next
up,
we
have
ordinance
16
52
21,
an
ordinance
authorizing
the
sale
to
dr
brandon
robinson
of
the
city
on
property,
lock
located
at
23
lark
street.
I
think
this
is
kind
of
connected
to
our
last
ordinance.
Is
there
any
additional
discussion
that
anyone
feels
is
needed.
H
H
K
K
E
H
Yes,
thank
you,
madam
chair
again.
I
I
also
support
this.
This
change
it's
similar
to
what
we
did
with
albany
distillery,
with
the
with
the
ease
meant
to
to
allow
them
to
build
their
their
ramp.
This
is
this
is
for
druthers
it's
a
deck
and
they're
going
to
do
some
improvements
to
the
sidewalk
and
do
some
things
to
make
it
ada
compliant.
I
support
it.
I
don't
know
if
there's
a
representative
from
druthers
here,
but.
A
B
E
E
M
M
Okay,
well,
2020
turned
out
to
be
not
a
great
year
for
us
financially,
but
not
a
terrible
year
for
us
either
and
it
didn't
quite.
It
was
not
as
bad
as
we
had
feared.
It
was
going
to
be
in
the
report.
As
you
can
see,
we
were
down
about
4.4
million.
We
ran
about
a
4.4
million
loss
last
year
with
our
revenues
coming
in
4.4
million
less
than
our
expenses.
B
M
M
M
M
That
being
said,
the
next
page
of
the
report
really
goes
into
the
revenue
side
of
things.
The
biggest
issues
were
sales
tax,
which
came
in
about
2.4
million
dollars
less
than
expected
less
than
budgeted
again.
This
was
not
as
bad
a
hit,
I
think,
as
we
had
feared
back
in
background
this
time.
Last
year,
the
real
hit
came
in
the
second
quarter,
and
the
third
and
fourth
quarters
were
relatively
normal
for,
for
us
indicating
solid
economic
activity.
M
M
Our
pilots
were
down
a
bit
because
mostly
the
the
budgeted
revenue
for
voluntary
pilots
did
not
come
in
as
as
was
hoped,
and
we
did
take
a
hit
on
some
fines
from
last
year,
a
little
bit
on
parking
but
other
other
fines
as
well
traffic
fines,
traffic
court.
Fines
decreased
with
the
courts
being
closed
for
a
long
time,
and
that
was
the
biggest
component
of
that.
M
M
M
Yeah,
the
the
property
yeah,
the
property
tax
revenues
increased
okay,
the
the
property
tax
revenues
increased
by
about
fifty
eight
thousand
dollars
compared
to
budget
is
about
three
and
a
thousand
dollars
compared
to
last
year
that
that
fifty
eight
thousand
dollar
figure
to
budget
is
really
based
on
having
lower
amounts
of
seos
of
challenges
to
people's
property
taxes.
So
it
was
not
that
high
last
year,
as
far
as
par
as
far
as
property
tax
revenue
that
we
took
in
it
was
slightly.
C
C
M
M
We
were,
we
are
better
off.
The
state
came
through
more
than
we
had
more
than
the
worst
case
scenario
that
we
had
envisioned.
So
the
the
the
hit
to
capital
city
funding
was
only
1.2
million
dollars.
We
were
concerned,
there
was
going
to
be
2.4
or
even
more
and
the
hit
on
aim.
We
were
concerned
about
as
well,
but
they
both
came
in
about
10
percent
less
rather
than
the
20
or
more
percent
less
than
we
had
been
led
to
believe.
M
M
I
wouldn't
say
this
year's
budget,
but
this
year's
cash
flow
and
the
we're
waiting
to
see
if
the,
if
the
state
is
going
to
reimburse
us
for
the
additional
1.2
million
dollars
that
they
did
not
that
they
withheld
from
us
last
year
for
capital
city
funding.
We
expect
that
that
should
be
able
to
be
in
this
year's
budget
and
the
state
has.
I
know
the
assembly
in
the
senate
have
actually
passed
legislation
to
require
the
state.
To
do
that.
I
think
it's.
I
think
it's
sitting
on
the
governor's
desk
right
now.
J
M
J
M
M
Numbers
get
a
little
muddled
here,
because
the
one
of
the
things
that
that
really
saved
the
budget
financially
last
year
was
using
the
reserve
funds
for
debt
service,
an
additional
5.3
million.
We
use
all
the
5.3
million,
but
three-point
million
was
not
originally
budgeted
for
in
the
budget
last
year.
But
when
the
council
acted
to
permit
us
to
use
that
money,
we
use
that
to
pay
off
the
debt
service,
meaning
that
the
that
the
on
the
expense
side
it
didn't
have
to
come
out
of
general
revenues.
J
K
K
J
M
C
B
M
The
city,
the
city,
the
city,
because
they're
voluntary
pilots,
the
city,
does
what
it
can
to
convince
them
that
out
of
the
goodness
of
their
hearts,
they
should
contribute
more
to
the
to
the
city.
Essentially,
there
isn't
really
a
legal
redress
for
it
if
they
don't,
if
they
choose
not
to
pay
it,
they
don't
have
to,
and
you
know
I
think,
they've
put
pressure
on
them
to
try
and
do
it.
K
M
E
E
F
F
M
M
M
So
that's
that
led
to
that
being
slightly
over
in
budget,
but
on
the
non-personnel
service
side,
which
is
you
know,
everything
from
energy
usage,
our
lights,
decreasing
utilities
with
1.6
million
our
debt
service
was
actually
decreased
by
using
the
debt
reserve.
It
doesn't
show
up
in
that
figure.
But
that's
where
you
see
some
of
the
savings
and
a
lot
of
there's
also
community
development
funds,
which
are
federal
funds
that
did
not
come
in
and
therefore
were
not
expended.
M
M
F
In
particular,
police
and
fire-
and
I
was
curious
ordinarily-
you
don't
see,
especially
in
the
year
that
we
had
in
2020
that
while
the
police
overtime
was
a
little
bit
ahead
of
2019
for
2020,
its
2020
total
was
actually
less
than
the
budgeted
amount
and
considering
the
the
number
of
vacancies
and
possible
demands
for
service.
I'm
just
just
trying
to
understand
that.
I.
M
I
think,
as
it's
been
reported
to
me-
and
I
think
maybe
nick
can
can
talk
a
little
bit
more
about
this-
largely
the
police
presence
was
not
as
needed
without
events
that
were
going
on
and
and
with
us
being
shut
down.
That
being
said,
the
fire
department
services
were
needed
to
a
greater
extent
and
they
contributed
a
lot
on
the
vaccination
health.
You
know,
testing
sites
and
all
that
kind
of
stuff.
F
M
M
F
K
K
M
M
F
M
M
Essentially
the
budget
gap
for
last
year,
we're
for
4.4
million
dollars
less
in
fund
balance
than
we
had
the
year
before
we
are
carrying
about
a
10
million
fund
balance
we
are
surviving,
but
if
it
were
not
for
the
federal
funds
that
are
coming
in,
we
would
be
more
on
the
knife's
edge
this
year
than
we
had
been
in
probably
four
or
five
years.
So
thank
you.
M
M
M
M
I
guess
I
would.
I
would
start
off
by
saying
the
long
and
the
short
of
it
here
with
the
american
rescue
plan
act.
Funds
is,
it's
still
a
work
in
progress,
the
the
regulations,
the
the
draft
regulations
came
out
in
may
and
we
have
been
kind
of
going
through
it
and
trying
to
pick
out
what
we
can
and
can't
do
with
it.
We've
received
some
conflicting
interpretations
from
entities
that
that
are
providing
us
numerous
numerous
webinars
for
us
to
look
at
to
to
learn
more
about
it.
M
G
K
It's
been
a
little
while,
since
we
met
and
gave
an
update
on
where
things
stood
with
the
stimulus,
there's
been
a
lot,
that's
going
on
as
darius
mentioned,
and
there's
been
a
lot.
You
know
that's
still
still
to
come.
I
actually
should
start
off
by
introducing
myself
for
anybody
who's
not
aware.
My
name
is
nick
blaze.
I'm
the
acting
budget
director
for
the
city,
I'm
joined
by
anne
marie
salmon
here
our
deputy
commissioner
of
administrative
services,
to
kick
things
off
with
this
kind
of
timeline.
K
K
It
wasn't
until
may
that
the
u.s
treasury
issued
an
interim
final
rule
with
the
official
allocated
amounts.
The
city
of
albany
was
slated
to
receive
80.7
million,
that's
scheduled
to
be
delivered
in
two
tranches.
The
first
one
was
received
by
us
on
may
24th.
That
was
40.3
million
in
june.
We
posted
an
rfp
for
consulting
services
related
to
the
american
rescue
plan,
act
funds,
proposals
for
that
are
due
july
21st.
What
we're
hoping
to
get
out
of
that
is
consulting
on
eligible
uses.
Some
accounting
and
reporting
help
as
well.
K
A
number
of
cities
have
done
so
as
well
rochester
new
york's
looking
for
the
same
thing,
and
we
just
think
that
that
would
be
a
shrewd
thing
to
do.
Considering
the
enormity
of
the
responsibility
of
these
funds
and
it
is
to
our
knowledge
eligible
to
be
paid
for
with
stimulus
funding
as
well
june
24th,
the
u.s
treasury
issued
a
35-page
report
on
compliance
and
reporting
guidance.
K
We've
been
sifting
through
that
there's
a
lot
of
webinars
on
that
from
u.s
treasury
and
that's
kind
of
the
official
document
that
people
have
been
referencing
in
terms
of
what
may
or
may
not
be
eligible
on
june
30th,
which
was
just
last
week.
The
office
of
the
state
comptroller
released
accounting
guidelines
and
requirements
for
arpa
funds.
K
What's
ongoing
is
informational
sessions
and
webinars
on
all
of
this,
the
u.s
conference
of
mayors
has
been
tremendously
helpful.
Nikon
has
been
helpful.
Bloomberg
philanthropies
interprets
this
guidance
with
some
experts
who
are
familiar
with
this
and
they're
great
about.
They
have
a
portal
online
where
local
governments
can
pose
questions
on
things,
if
you're
not
sure,
if
this
would
be
an
eligible
expense
or
how
this
should
be
reported.
K
Just
to
walk
you
through
some
of
the
major
categories
of
the
eligible
uses
of
funds,
first
and
foremost,
is
support
for
the
public
health
response
to
covet
19
mitigation
efforts.
For
that.
The
second
one,
which
is
a
big
one,
is
to
replace
public
sector
revenue
loss
which,
as
you
know,
we
took
some
major
hits
to
sales
tax
due
to
the
inactivity.
K
You
know
stay
at
home
for
most
people,
water
and
sewer
infrastructure
investments,
as
well
as
broadband
infrastructure
investments.
The
last
two
categories:
we
have
premium
pay
for
essential
workers.
This
is
really
intended
for
the
people
who
are
on
the
front
line
with
the
greatest
health
risk
being
faced
due
to
the
natures
of
their
jobs
and
the
last
one
is
just
using
the
money
to
address
negative
economic
impacts,
with
a
special
focus
on
communities
that
may
have
been
hurt.
The
greatest
support
in
the
public
health
response
includes
a
couple
of
subcategories.
K
Any
efforts
that
you
know
a
city
may
undertake
to
mitigate
and
contain
covid
medical
expenses,
behavioral
health
care
and
public
health
and
safety
staff.
You
know
this
is
perhaps
more
so
for
county
governments
or
anybody
else
that
may
have
been
directly
setting
up
vaccination
facilities,
but
it
it
includes
anybody,
that's
recipient
of
these
funds
as
well
addressing
the
negative
economic
impacts.
K
This
includes
workers
and
families,
assistance
with
food
housing
utilities
things
like
that
survivor
benefits
for
family
members
of
covid
19
victims,
small
businesses.
This
is
one
that
you
know
as
we
gather
more
information.
Do
our
community
needs
assessment
and
have
a
chance
to
review
that
report
of
what
our
needs
are
as
a
community
from
the
external
task
forces
survey
that
they
put
out,
we
may
look
to
some
type
of
investment
in
this
area.
K
Things
that
may
be
included
are
micro
grants
loans
to
mitigate
financial
hardship,
aid
to
implement
covet
19
prevention
mitigation
tactics,
as
I
mentioned
before,
there
is
special
focus
on
the
hardest
hit
industries,
especially
tourism
travel,
hospitality.
Things
like
that
and
you're
also
eligible
to
use
this
money
to
re-hire
public
sector
staff.
K
K
K
They
were
not
just
determined
essential
because
we
had
a
lot
of
people
that
were
essential,
but
they
were
also
able
to
work
remotely.
This
is
really
geared
towards
compensating
it's
an
additive
thing
in
addition
to
whatever
pay
folks
may
have
already
received,
but
it
really
focused
at
compensating
those
folks
who
were
on
the
front
line.
They
still
had
to
deal
with
members
of
the
public,
perhaps
or
you
know,
pass
items
back
and
forth
and
handle
those
things
with
their
co-workers,
sewer
and
broadband
infrastructure.
K
There's
a
broadband
component
as
well.
This
isn't
so
much
free
internet,
but
expanding
access
to
areas
that
don't
currently
have
access.
A
couple
of
important
ineligible
uses
to
point
out.
This
money
cannot
be
used.
It
will
result
in
the
net
reduction
in
tax
revenue.
We
can't
lower
taxes
and
plug
our
budget
with
stimulus.
K
K
Our
timeline
ahead
july
16th,
the
treasury
department,
public
comment
period,
ends
local
governments
as
well
as
organizations
like
nicom
and
uscom,
are
given
a
chance
to
digest
the
initial
rules
and
provide
feedback
to
treasury.
If
they
think
anything
is,
should
be
changed,
perhaps
it's
unfair
to
local
governments
or
that
it
just
could
be
improved,
and
maybe
because
something
doesn't
we
don't
think
may
have
the
intended
effect
so
they're
receptive
to
that
they're
taking
feedback
and
that's
when
the
comment
period
for
that
ends.
K
Our
first
report
to
us
treasury
will
be
due
august
31st,
it's
going
to
cover
the
period
from
the
award
date
through
the
end
of
july
and
will
also
include
our
revenue
replacement
figures.
Our
first
quarterly
report
would
be
due
october
31st
and
the
timeline
for
these
funds
and
I'll
backtrack.
Just
a
second,
it's
a
multi-year
thing.
It
goes
well.
This
will
be
our
revenue
loss
estimations,
but
the
funds
must
be
obligated
by
the
end
of
december
24
and
they
must
be
expended
by
26.
K
Just
to
go
back
on
the
rfp
that
we've
put
out
it's
for
financial
advisory
services,
project
management,
cross-tracking,
accounting
and
reporting,
auditing
and
communications
related
to
the
stimulus
I'm
going
to
pass
it
off
to
emory.
Who
is
going
to
run
us
through
an
update
on
the
covet
recovery
task
force.
N
So
we're
seeing
what's
out
there
in
terms
of
assistance
that
we
can
contract
out
for
and
the
rfp
is
open
right
now,
so
the
task
force,
I'm
actually
not
a
member
of
it.
So
if
there's
questions,
I
don't
know
how
to
answer
I'll,
probably
pass
it
over
to
darius.
But
just
briefly,
I
think
the
mayor
had
shared
with
the
full
council,
the
overall
goals
of
the
external
recovery
task
force,
but
I
think
their
major.
N
Us
figure
out
how
to
spend
that
bucket
of
money,
that's
associated
with
the
negative
economic
impacts
and
supporting
our
local
establishments,
businesses,
the
community
and
the
equity
focused
services.
So
they
are
pretty
much
right
now
going
through
a
needs
assessment.
I
think
they
put
out
a
survey
and
they've
been.
N
A
M
Back
and
they're
working
on
digesting-
and
I
think
the
the
report
will
be
will
be
coming
out.
I
think
in
two
to
three
weeks,
or
so
I
think
the
role
is
really
to
identify
where
the
needs
are
it's
not
to
actually
pick
and
choose
which
projects
get.
What
it's
to
say
we
need.
You
know,
we
do
really
need
broadband,
you
know.
Maybe
our
water
and
sewer
infrastructure
is
okay
enough,
that
we
can
deal
with
that,
except
in
this
place
over
here.
But
you
know
they're
they're,.
H
M
Us
kind
of
organize
the
the
thoughts
and
the
directions
that
the
monies
should
go,
and
I
can't
stress
enough-
I
guess,
there's
a
couple
of
things
that
I
would
add.
Obviously,
yes,
the
money
is
in
hand,
but
the
way
I
think
everyone
should
really
think
about.
This
is
there's
two
there's
two
pots
of
money.
M
It
also
is
dependent
on
what
our
revenue
intake
is
over
the
next
few
years.
If
things
go
well,
then
we
can
use
less
of
this
money
to
replace
revenue.
That's
lost,
I.e.
We
got
back,
you
know,
1.2
million
dollars
from
capital
city
funding
this
year.
We
got
back
the
aim
money
that
we'd
lost
last
year.
It's
now
in
it's
now
in
our
our
fund
for
this
year.
That
would
count
as
revenue
for
2021.
not
well.
M
M
M
M
That
being
said,
the
monies
that
come
in
to
replace
revenue
loss,
that's
what
we're
really
kind
of
focusing
on
right
now
to
what
extent
the
permitted
use
is
for
is
for
general
government
services
what
that
means
and
how
we're
able
to
implement
that
we
don't
know
yet
we
don't
know
if
we
are
going
to
be
able
to
use
this
to
replenish
the
debt
reserve
from
last
year
that
we
used
because
of
covid
and
the
the
diminishment
in
revenue
overall.
Are
we
going
to
be
able
to
replenish
our
debt
reserve
fund?
M
But
we
are
the
ones
responsible
for
that
money,
so
we're
the
ones
we
we
set
up
an
infrastructure,
and
that
goes
to
what
the
the
rfp
is
for
to
make
sure
that
we
have
the
proper
infrastructure
in
place
to
monitor
those
funds
that
going
out
that
are
going
out.
So,
for
example,
if
you
think
that
you
know
we
give
money
to
the
community
loan
fund
to
help
support
small
business
development
in
the
city
to
make
up
for
the
losses
during
covid.
M
That's
great,
but
the
community
loan
fund
is
going
to
give
out
the
money.
According
to
you
know
the
rules
and
regulations,
but
we
ultimately
will
be
responsible
if
the
community
loan
fund
gave
it
to
a
use
that
that
shouldn't
have
been,
and
you
can
think
that,
for
the
the
united
way
would
be
the
same
thing,
I
don't
mean
to
give
too
much
credit
to
one
non-profit
over
others
or
what
for
their
missions
and
that's
what
kind
of
what
we're
weeding
through
right
now.
M
N
Hello:
okay,
a
couple
more
slides.
I
think
you've
seen
these
before
the
money
may
have
been
updated,
but
just
a
reminder
that
the
arpa
stimulus
funds
are
just
one
part
of
a
portfolio
available
funding
and
I
think
part
of
the
external
committee
and
the
internal
working
group
is
going
to
be
figuring
out.
What
is
the
best
vehicle
for
paying
for
our
needs,
whether
it's
ppp
loans
or
directing
people
to
cares,
act
or
the
grants
through
the
city
funding?
N
But
we're
going
to
be
working
all
that
out
and
here's
a
slide
again
showing
some
of
the
other
regional
and
local
players
and
what
they've
received
federally.
So
just
also
a
reminder
that
albany,
county
cdta
and
the
school
district
have
received
stimulus
funding
as
well,
and
they
are
also
on
the
external
committee
so
that
as
a
region,
we
can
best
use
our
funds.
N
So
immediate
next
steps
is
internally
we're
working
on
developing
the
accounting
procedures
for
tracking
eligible
expenses.
How
you're
going
to
see
that
in
the
budget?
How
do
we
figure
this
out?
Just
for
reporting
purposes,
as
I
mentioned,
will
be
hearing
back
from
the
external
task
force,
we're
hoping
to
engage
a
consultant
to
assist
with
the
management
of
this
giant
project
and
then
at
least
figure
out
the
next
couple
of
years
of
funding.
So
we
can
start
moving
that
forward
and
getting
money
out
the
door
as
soon
as
possible.
M
F
M
F
K
Yes,
I
think
one
thing
that
will
be
of
particular
importance
is
just
communication
to
a
lot
of
these
local
not-for-profits
and
for-profit
businesses
who
may
be
eligible
for
more
than
one
source
of
funding,
because
there's
so
many
as
emory
pointed
out
sources.
It
was
a.
It
was
a
variety
of
federal
funding
options
that
we
want
to
be
shrewd
with
the
disbursements
and
make
sure
that
we're
really
given
to
people
who
may
not
be
eligible
for
certain
funding,
that's
available
elsewhere
for.
K
J
Can
you
guys,
okay,
couple
quick
questions,
so
the
I
want
to
focus
on
the
80.7
million
of
the
80.7
million?
How
much
of
that
I
know
what
we've
met.
In
the
past,
we
looked
at
58
million
being
going
towards
revenue
loss.
Has
that
number
changed,
or
is
that
still
the
number
that's
going
towards
revenue?
It's.
M
A
fluid
figure,
it's
an
estimate
at
this
point
and
and
that's
an
estimate
over
the
next
three
years
it
could
change.
If,
if
revenue
in
the
city
takes
a
spike,
then
that
number
will
be
reduced,
but
it
could
be
that
much,
but
we
just
we're
having
trouble
at
this
point,
actually
pinpointing
what
the
figure
will
be
for
2020
first,
and
we
have
to
get
that
figure.
M
I
think
to
the
feds
by
the
end
of
end
of
august,
so,
but
I
think
we'll
we'll
know
more,
as
the
guidance
becomes
a
little
bit
clearer
over
the
next
couple
of
weeks
and
we
get
some
of
our
more
specific
answers
and
get
some
more
specific
answers
to
our
questions.
I've
specifically
asked
of
some
of
the
webinars,
for
instance,
can
we
use
this
money
to
replenish
our
debt
reserve
fund
and
I've
been
told
yes
and
then
the
guidance
says
no
and
then
another?
M
You
know
another
webinar.
Another
group
will
say
it's
not
so
clear.
So
until
we
get
those
questions
sorted
out,
we
can't
say
what
I
can
say,
however,
is
that
the
the
trajectory
you're
essentially
allowed
to
add
4.1
percent
to
your
expected
revenue
per
year,
based
on
2019
numbers,
if
you're
adding
4.1
percent
per
year
per
year
per
year.
M
That
is
a
greater
figure
than
what
our
the
growth
of
our
revenue
has
been
over
the
last
few
years,
so
that
that
should
be
a
positive,
for,
I
think,
albany
and
and
and
for
our
revenue
the
funds
that
will
be
used
for
the
funds
that
will
replenish
the
revenue
loss.
That's
not
to
say
the
funds
for
revenue
loss
wouldn't
be
also
be
used
just
because
it's
in
the
revenue
loss
category
in
the
city
coffers
doesn't
mean
it
wouldn't
be
used
for
broadband
again.
You
know
it's
just
that.
K
M
J
Yes,
because
I
think,
there's
a
couple
more
questions
that
have
come
up
since
what
you're
sharing
you
know
now
that
we
can't
what
assured
was
that
we
may
not
be
able
to
use
that
to
replenish
our
fund
balance
as
well
as
we
may
not
be
able
to
use
that
to
go
back,
and
we
track
the
increase
that
we
made
in
taxes
last
year
because
of
the
unknown.
If
we
were
going
to
get
any
federal
support.
M
K
Just
to
add
on
that
yeah
darius
is
exactly
right
and
when
we
file,
you
know
this
report
and
say
this:
is
our
revenue
loss
number
it
doesn't
get
swept
back
into
you
know
our
general
fund
or
our
fund
balance.
There
are
still
several
strict
restrictions
associated
with
that.
You
know
you
can
fund
general
government
operations
with
it
and
then
they
define
that
in
in
some
detail
in
their
guidance
but
like
darius
had
mentioned.
K
If,
for
example,
we
were
to
fund
certain
operations
and
we
have
to
report
on
what
those
operations
are
that
we're
funding
with
the
revenue
replacement
money
and
that
frees
up
money
elsewhere?
Well,
even
though
we
don't
ear
market
necessarily
to
our
fund
balance,
it
could
you
know,
in
theory,
that
offset
could
increase
our
fund
balance
by
the
end
of
the
year,
because
we
just
happened
to
spend
less
than
we
normally
would
out
of
pocket
for
those
same
operations.
J
And
in
my
follow-up,
my
last
one
I'll,
let
other
committee
members
go
when
was
talking
about
bringing
in
a
consultant.
I
always
have
concerns
with
bringing
in
people
to
tell
you
how
to
spend
money.
I
think
we
know
how
to
spend
money
pretty
well.
Are
these
consultants
also
going
to
be
in
charge
of
trying
to
find
ways
for
us
to
tap
into
the
other
funding
sources?
J
Specifically
the
you
know
safer
stage,
the
restaurant
restaurant
resources,
the
ones
that
were
all
put
in
the
slide
that
showed
that
there's
15
billion
out
there
to
save
stages,
there's
25
billion
to
save
restaurants.
You
know
you
know
50
billion
to
help
get
funding
to
relief
rent,
so
these
consultants
are
also
going
to
be
tapped
into
to
look
into
how
we
can
get
the
maximum
of
those
other
resources
that
are
aside
from
the
80
million.
N
That's
the
hope
that
we
find
someone
qualified
who
does
have
knowledge
of
various
funding
streams,
federal
state,
local,
not
only
funds
earmarked
for
recovery
relief.
But
if
there's
other
programs
out
there
and
they
won't
be
deciding
where
the
money
goes,
we
hope
that
they
would
steer
us
in
the
direction
of
information.
So
we
can
make
those
choices
as
a
city
and
with
all
the
people
involved
who
should
be
helping
make
those
decisions.
M
Yeah,
that's
that's
my
full
expectation
actually,
and
one
of
the
reasons.
Why
is
that
we
don't
want
to
have
money
going
to
you
know?
Yes,
there's
restaurant
money
available
for
a
variety
of
reasons,
restaurant
a
b,
c
or
d
may
have
fallen
to
the
cracks
and
may
be
eligible
for
some
of
this
money
somehow,
but
we
want
to
make
sure
that
they
have
exhausted
every
form
of
grant
possibility
that
they
have
with
the
programs
that
are
already
out
there,
and
that
goes
for
the
landlords
that
goes
for
tenants.
B
M
I
don't
know
if
there's
been
strict
discussions
on
it,
but
I
think
it's
it's
something.
The
landfill
is
a
constant
presence
in
our
lives.
You
know
in
our
public
lives,
it's
a
constant
presence,
so
I
think
it's
it's.
Certainly
it's
only
something
that
that
I
think
is
going
to
be
taken
into
consideration
in
all
this.
J
J
M
Yeah,
I
don't
believe,
there's
another
avenue
of
replenishment
for
premium
pay
unless
there's
something
that
you
know
about
now.
I
think
this
is
this
is
really
geared
towards
towards
towards
premium
pay
really
for
last
year
and
some
this
year,
but
but
mostly
for
last
year
and
there's
very
stringent
requirements
on
that.
One
of
the
things
that
I
think
will
be
once
we
get
everything
like.
M
I
said
the
regulations
are
pretty
stringent,
but
once
we've
identified
those
who
are
eligible
for
hazard
pay
under
the
treasury
guidelines,
it's
a
fairly
simple
calculation
to
just
to
provide
that
to
provide
those
funds.
How
we
do
it
is
a
different
question
and
something
we've
been
talking
about
internally,
to
get
to
a
point
where
we
can
actually
provide
a
path
really
for
for
us
as
a
city
going
forward,
but
we're
still
we're
still
in
the
midst
of
really
hashing
through
all
those
issues.
E
It
appears
that
there
are
no
further
questions,
and
if
that
is
the
case,
I'd
like
to
thank
everyone
for
coming
for
those
that
have
stuck
with
us
on
facebook.
Don't
worry,
we
will
be
uploading
the
recording,
so
you
will
actually
be
able
to
hear
everything
and
will
also
be
sharing
out
that
powerpoint
presentation.