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From YouTube: September 21, 2021 Board of Estimate and Taxation
Description
Additional information at
https://lims.minneapolismn.gov
B
Good
evening
welcome
to
the
regular
meeting
of
the
board
of
estimate
and
taxation
for
september
21st
2021.
I
am
david
wheeler,
president
of
the
board
of
estimate
and
taxation.
As
we
begin,
I
will
note
for
the
record
that
this
meeting
is
has
remote
participation
by
members
as
authorized
under
the
minnesota
statutes,
section
13
d
.021
due
to
the
declared
local
health
pandemic,
the
city
will
be
recording
and
posting
this
meeting
to
the
city's
website
and
youtube
channel
as
a
means
of
increasing
public
access
and
transparency.
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A
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B
The
motion
passes:
the
minutes
are
accepted
as
presented
item
four
is
a
resolution
authorizing
the
issuance
and
sale
of
assessment
bonds
in
the
amount
of
sixty
five
thousand
one
hundred
and
twenty
five
dollars
and
seventy
six
cents
for
the
2021
alley
renovation
program.
Man.
Please
have
a
motion
to
adopt
this
resolution.
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A
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D
Thank
you
so
much
so
today,
I'm
going
to
give
a
brief
sort
of
summary
of
the
in-depth
presentation
that
I
gave
last
last
time.
I
was
before
the
board
just
really
to
ground
us
in
the
mayor's
recommended
budget
and
accompanying
property
tax
increase
that
will
be
before
we
kick
off
the
the
public
hearing
today
so
go
ahead
and
go
to
the
next
slide.
D
D
You
also
see
some
increases
in
transfers.
There
are
some
one-time
expenses
in
2022
in
the
form
of
transfers
that
we
don't
expect
to
see
in
2023..
So
that's
the
expenses
side
from
a
high
level.
If
you
go
to
the
next
slide,
we'll
talk
about
revenues,
briefly
so
revenues.
We
see
a
similar
story
in
2022.
We
are
moving
back
towards
normal.
D
So
this
this
shows
all
of
the
detail
and
a
five-year
outlook
of
our
overall
levy
at
the
city
in
the
mayor's
recommended
budget.
We're
increasing
the
levy
by
5.45
overall,
but
some
of
those
lines
are
increasing
by
more
and
some
are
increasing
by
less
again
we're
talking
today,
a
lot
about
the
general
fund,
which
is
that
top
line
which
is
increasing
by
6.1
this
year.
D
The
outlook
includes
levy
increases
that
all
range
between,
I
believe,
5.1
to
4.8
over
the
next
five
years.
So
go
ahead
and
go
to
the
next
slide.
We'll
talk
a
little
bit
more
about
balancing
the
budget
in
the
general
fund,
so
this
shows
the
expenditures
and
the
revenues
within
the
general
fund
and
how
a
balanced
budget
is
achieved
in
the
mayor's
recommended
budget.
D
and
I'll
I'll
make
one
other
note
on
the
revenue
side
is
that
our
local
government
aid,
because
of
a
bill
passed
by
the
state
legislature,
is
unchanged
from
last
year.
So
there
was
a
hold
harmless
bill,
passed
eventually
by
the
state
legislature
that
kept
us
at
68.8
million
and
did
add,
add
back
about
600
000
to
our
revenue,
streams
go
and
go
to
the
next
slide.
D
So
I
mentioned
using
american
rescue
plan
act
dollars
in
the
budget.
Those
are
federal
funds
that
are
one
time
only.
We
we
have
the
full
271
million,
but
we
can
only
spend
through
2024,
and
so
when
we're
using
one-time
dollars
to
support
ongoing
spending.
It's
really
critical
that
we
take
a
long
view.
D
So
in
this
chart
you'll
see
the
green
bars
are
the
either
property
taxes
or
other
general
fund
revenues.
And
that's
assuming,
like
I
said,
an
increase
to
the
general
fund
portion
of
between
6.1
and
5.5
in
each
year.
Looking
out
into
the
to
2027.,
the
light
blue
area
behind
the
bars
shows
our
current
service
level
spending.
So
all
of
the
people
and
programs
that
council
adopted
in
the
2021
budget
pushed
forward.
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The
darker
blue
section
are
the
additional
spending.
That's
ongoing
and
a
little
bit
of
one
time
that
we're
adding
in
the
mayor's
recommended
2022
budget
and
then
the
the
purple
and
gold
are
showing
how
we
are
getting
to
that
expenditure,
and
so
you'll
see
the
use
of
arp
in
the
next
three
years
is
filling
that
gap
and
then
in
2025
we
expect
that
revenues
will
be
back
to
a
point
where
we
can
support
the
ongoing
spending
that
we're
adding
in
this
recommended
budget
go
ahead
and
go
to
the
next
slide.
D
Thank
you.
So
this
is
a
little
bit
more
detailed.
Look
at
that
three-year
plan
for
american
rescue
plan
act,
revenue
replacement
so
in
2022
we're
using
that
47
million
dollars
that
we
talked
about
when
we're
looking
at
the
general
fund
balance,
that
is
for
2022
in
2023
37
million
dollars
and
in
2024
34
million
dollars
and
then
in
2025,
when
we're
looking
again
at
where
our
general
fund
revenues
are
and
what
the
cost
of
our
current
service
level
will
be
in
2025.
D
D
All
right,
so
that's
the
end
of
my
summary
of
the
mayor's
recommended
budget,
the
proposed
levy
and
the
use
of
arpa
funds
in
the
budget.
We
have
an
interactive
budget
book
this
year
that
allows
you
to
explore
and
sort
of
zoom
in
and
filter,
as
you
are
looking
at
different
departments
and
change
items.
So
I
would
highly
recommend
going
to
that
if
you
have
additional
questions
or
want
to
learn
more,
but
that's
the
end
of
my
presentation
and
I'll
hold
for
any.
A
I
just
want
to
just
congratulate
you
on
the
amount
of
work
that
went
into
this.
I
worked
at
the
minneapolis
budget
office
for
seven
years
and
then
another
three
in
the
mayor's
office
and
know
how
much
work
went
into
this.
I
also
want
to
congratulate
the
mayor,
given
what
is
going
on
in
our
city
and
how
messed
up
the
economy
has
been
that
this
is
around.
A
Five
percent
is
just
like
a
a
phenomenal
amount
of
work,
having
been
around
other
mayors,
not
to
name
any
names,
but
who
were
at
an
eight
percent
a
year
from
for
several
years,
which
was
pretty
painful.
I
think
this
is
just
really
extraordinary,
and
I
just
wanna
just
congratulate
mayor
fry
on
the
amount
of
work
and
the
thought
that
has
gone
into
this,
both
both
of
you,
as
well
as
all
the
staff
that
put
in
a
whole
bunch
of
hours
to
make
it
happen.
I
think
this
is
really
phenomenal.
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B
Okay,
very
good,
so
I
will
now
open
the
public
hearing.
We
have
one
speaker
signed
up
and
I
will
call
on
his
name
when
it
comes
your
turn
to
speak.
Each
speaker
will
have
two
minutes
and
it
will
be
two
minutes.
I
I've
arranged
to
have
a
five
second
extra
at
the
end
after
two
minutes,
we'll
give
you
five
second
leeway
and
your
microphone
will
then
be
muted
when
it
is
your
turn
to
speak,
please
push
number
six
to
unmute
and
state
your
name
for
the
record,
so
I
we
can.
B
E
Very
good,
thank
you
very
much.
I'll
be
brief.
I
am
calling
here
as
the
president
of
the
minneapolis
park
and
recreation
board
today
for
a
twofold
purpose.
The
first
is
to
underline
what
has
been
received
and
filed
by
the
board
of
estimate
taxation.
Today
from
the
park
ford,
it
was
a
unanimous
request
of
a
7.75
levy
and
a
portion
of
that
funds.