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From YouTube: Finance Meeting for March 22, 2021
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A
B
Yes,
you
can,
that
would
be
councillor
cassette
sanchez
here,
councillor
viaram
president
councillor
lindell,
here
councillor
romero
worth
here
councillor
beta.
A
A
A
Okay,
any
changes
from
the
committee
on
the
agenda.
A
A
E
I
know
it's
her
birthday
today
and
I
wouldn't
be
so
rude
as
to
ask
her
how
old
she
is,
but
I
I
wish
it
to
be
a
happy
day.
Thank
you,
councillor,
lindell,
thank
you.
The
items
that
I
have
I'd
like
to
add
as
a
co-sponsor
to
item
n
and
I
don't
think
that
item
a
is
open
to
co-sponsors.
E
A
Okay,
councilwoman
virael.
F
Thank
you,
mr
chair
item.
A
as
well
item
b
is
in
boy
item
d
is
in
doug
for
follow-up,
and
a
quick
question
on
item
f
is
in
frank
and
that's
all.
I
have.
A
Okay,
so
I
have
items
a
b
d,
f
and
p
that
have
been
removed
from
the
consent
agenda.
Can
I
have
a
motion
to
approve
the
consent
agenda,
as
amended
so
moved.
H
A
Yes,
thank
you,
okay,
so
that
brings
us
to
approval
of
the
minute
the
minutes.
The
meeting
the
finance
committee
meeting
of
march
1
2021.
Are
there
any
changes
from
staff?
No
changes.
Mr
chair
changes
from
the
committee.
B
I
Thank
you,
mr
chair
tonight
we
will
be
doing
an
fy
20
review
and
fy
21
update
for
the
committee.
I'm
just
gonna
jump
right
in.
We
do
have
a
participant
that
will
be
joining
us
this
evening,
riley
white,
dr
reilly
white.
He
is
someone
who
we
have
brought
in
to
assist
us
with
revenue
forecasting
as
well,
so
he
he
will
be
joining
us
tonight
and
brad.
Bradley
flitch
will
also
be
joining
us
for
our
presentation.
I
I
just
wanted
to
go
over
and
brief
a
few
key
points
that
we
have
here,
where
we
were
a
year
ago
in
march
and
april,
we're
going
to
be
reviewing
that
with
you,
where
we
faced
an
uncertain
economic
outlook
where
we
faced
a
steep
and
sudden
onset
of
a
recession,
unprecedented
unemployment
levels
declines
in
our
local
economic
sectors
in
a
very
short
period
of
time
that
we
had
not
seen
previously
one
year
later.
This
is
dr
white's
going
to
give
us
an
update
on
our
fy21
and
fy22
economic
outlook.
I
Some
key
drivers
and
our
improved
forecast
bradley
will
then
review
what
that
means
for
our
fy
21
revenues,
and
we
look
forward
in
the
coming
weeks
as
we
roll
out
the
fy
22
budget
to
sharing
with
you
what
that
means,
what
the
improved
economic
outlook
means
for
our
fy
22
budget,
and
we
did
want
to
have
a
caveat
as
well
as
we
go
through
these
slides
that
there
are
still
some
potential
risks
that
we're
not
completely
clear
for
for
our
economic
outlook.
I
So
that
being
said,
I'll
go
ahead
and
start
off
I'll,
just
jump
right
in
just
to
review
where
we
were
last
year
at
this
time.
In
it
we
were
after
the
first
quarter
of
2020,
we
were
in
a
deep
national
recession.
This
was
really
seen
by
a
4.8
decline
in
our
u.s
gdp
was
really
unprecedented.
Since
the
last
recession,
we
also
saw
our
real
disposable
personal
income
and
real
consumer
spending
drop
by
over
seven
percent,
close
to
eight
percent
in
the
first
quarter.
I
So
again
we
were
looking
at
a
a
recession
after
the
first
quarter
and
an
initial
economic
outlook
that
was
pretty
bleak
for
20
and
21.
Given
the
sudden
onset
of
a
global
pandemic
and
the
impacts
for
us
nationally
and
locally
as
well
as
you
will
recall,
we
did
review
some
local
tourism
data
with
you
at
the
time
last
year
around
this
time
that
showed
that
our
local
tourism
industry
was
really
hurting.
I
The
initial
data
that
we
had
was
from
march
showed
a
45
decrease
in
occupancy
in
our
hotels
and
about
a
fifth
close
to
50
decrease
in
their
revenue
per
available
room.
This
then
continued
to
decline.
Through
the
month
of
april,
from
april
2019
to
april
2015,
we
saw
a
decrease
from
68
hotel
occupancy
to
only
15
hotel
occupancy
we're
seeing
similar
data
out
of
the
santa
fe
airport
that
showed
a
drastic
decline
in
our
airport
traffic
to
the
tune
of
98
percent.
These
are
very
drastic
numbers.
I
So
this
had
these
changes
in
our
economy,
again
very
sudden
did
have
severe
impacts
in
our
local
employment.
The
table
to
the
right
shows
the
top
santa
fe
metro
area,
employers.
I
So,
with
the
stay-at-home
orders
at
the
at
the
state
level
last
spring,
some
of
our
major
employers
had
to
close,
partially
or
fully
so
given
their
uncertainty
in
the
loss
of
their
revenue.
Some
of
these
major
employers,
like
chris
vincent's,
were
santa
fe
community
college
or
some
of
the
casinos
in
the
hotels
that
employ
santa
fe
residents,
decided
to
either
lay
people
off
lay
employees
off
or
furlough
employees,
so
this
did
have
an
impact
that
rippled,
through
our
economy
on
low
lost
taxable
gross
receipts
for
our
businesses
and
lost
wages
for
our
santa
fe
residents.
I
I
Here
in
santa
fe,
we
quickly
surpassed
that
and
within
four
weeks
we
were
close
to
a
total
of
8
500
initial
unemployment
claims
during
that
first
month
of
those
day-at-home
orders.
So
what
it?
What
did
this
translate
to?
For
us?
We
tried
to
understand
the
unique
nature
of
the
risks
of
a
pandemic,
a
global
pandemic
that
had
not
happened
within
the
last
century
and
the
impacts
to
our
economy
and
how
important
it
was
to
understand
the
different
sectors
of
our
economy
and
how
it
impacted
the
different
sectors
of
our
economy.
I
It's
important
to
note
and
bradley
will
go
over
this
later
on
in
the
presentation,
but
from
february
2020
to
january
of
this
year,
as
compared
to
the
same
period.
In
the
previous
year,
our
local
businesses
lost
close
to
half
a
billion
or
14
percent
of
their
taxable
gross
receipts.
It
is
a
very,
very
short
period
of
time
to
lose
such
a
large
amount
in
taxable
gross
receipts,
which
does
refer
reverberate
through
the
economy,
lost
wages,
lost
grt
lost
revenue
for
the
city.
I
Again,
this
is
something
that
was
not
unique
to
the
city
of
santa
fe
last
spring
city
governments
nationwide
were
also
dealing
with
a
high
level
of
uncertainty
and
the
lost
tax
revenue
from
stay-at-home
orders
in
in
their
communities
as
well
due
to
the
spread
of
the
virus.
I
We
saw
the
cares,
act
come
through
from
the
feds
and
actually
the
legislature
issued
a
report
this
past
december,
and
they
cited
that
the
9.3
billion
and
federal
stimulus
that
the
state
of
new
mexico
received
during
the
pandemic
was
the
lifeline
that
helped
cushion
the
state
and
local
governments
from
the
massive
drop-off
and
tax
revenue.
This
was
extremely
important
lifeline
to
not
just
the
state
but
also
the
local
governments,
so
the
city
allocation
that
we
had
last
year
in
september,
we
received
17.5
million.
In
cares
act.
I
We
were
able
to
get
that
out
very
quickly
within
three
months,
but
in
addition
to
that,
we
have
to
keep
in
mind
the
other
aspects
of
the
federal
stimulus
and
dr
white
will
go
into
that
in
a
few
moments.
The
1200
stimulus
checks
the
additional
unemployment
money
that
helped
our
residents
as
well,
the
ppe
loans.
I
All
of
that
so
with
that,
I
will
turn
it
over
to
dr
riley
white,
dr
white,
if
you
could
introduce
yourself
to
the
committee,
since
this
is
the
first
time
that
you
will
be
present,
but
not
the
last
time
that
you
will
be
presenting
together
with
us.
J
Thank
you
so
much
finance
director,
mccoy
and,
and
thank
you
so
much
to
the
members
of
the
committee,
it's
a
great
honor
to
be
here
today
and
it's
my
privilege
to
present
the
economic
update
going
forward.
My
name
is
right.
Dr
riley
white,
you
can
call
me
riley
in
in
this
capacity
working
for
erebor,
llc
and
as
a
small
consulting
firm,
but
in
my
sort
of
background
and
expertise
before
I
was
an
academic.
J
I
was
a
banker
I
have
15
years
of
experience
in
economic
analysis,
banking,
budgeting,
academic
research,
budget
forecasting
and
modeling
and
portfolio
analysis,
in
addition
to
a
bunch
of
other
papers
and
other
things,
if
you're
looking
for
good
ways
to
fall
asleep.
J
But
when
I
was
brought
into
this,
the
challenge
of
this
as
a
way
to
examine
the
economic
perspective
of
santa
fe
was
to
produce
some
scientifically
driven
revenue
models
to
show
you
know
what
the
forecast
will
show
in
the
coming
years,
based
on
what
we
know
so
far,
and
when
we
think
about
how
revenue
models
work.
That
includes
a
bunch
of
other
different
things.
Major
economic
drivers
help
us
figure
out
what
tax
revenue
streams
will
be,
and
it
has
when
we
think
about
these
things.
J
Models
should
be
scientifically
driven,
they
should
be
multifaceted
and
they
should
have
the
ability
to
be
flexible
when
more
information
is
known
and
so
to
give
this
kind
of
base
perspective.
One
of
the
one
of
the
first
things
I
want
to
do
is
kind
of
walk
through
kind
of
our
analysis.
Finance
director
mccoy
did
a
great
job
of
explaining
everything
how
we
got
to
this
point,
and
now,
let's
talk
about
now,
as
well
as
the
immediate
future.
With
regards
to
some
of
these
projections
going
forward.
J
So
first,
I
want
to
give
you
a
national
economic
overview,
and
so
one
of
the
things
that
we
like
to
do,
we
always
love
forecasting
in
economics
and
finance,
because
the
1.9
trillion
stimulus
package
passed,
we
expect
2021
gdp
growth
to
be
near
or
exceed
6
percent.
My
number
is
about
six
percent.
This
is
a
bit
conservative.
J
This
is
the
highest
gdp
growth
number.
I
know
some
of
you
might
be
familiar
with
older
numbers
of
gdp
growth
between
two
and
four
percent.
Typically
powered
by
the
stimulus
that
this
is
the
highest
number
we've
seen
since
1983.
inflation
expectations
there
you're
reading
a
lot
about
in
the
news
about
these
things.
We
expect
inflation
to
peak
around
three
percent
this
year,
not
a
severe
level
before
dropping
back
to
two
percent
powering.
This
is
continued
recovery,
travel
and
leisure
consumer
spending.
We
expect
people
to
travel
more.
J
The
federal
reserve
has
indicated
it
will
keep
rates
near
zero
percent.
Now
the
fed
sets
one
rate
overnight,
lending
to
large
banks,
which
we
call
the
discount
rate,
which
is
currently
set
at
very
close
to
zero
percent,
and
this
is
expected
to
continue
in
the
short
run
and
what
this
does
is.
It
encourages
investments
and
encourages
spending
as
opposed
to
savings
and
other
things
as
well.
J
One
concern
that
many
of
us
in
economics
and
finance
had
leading
into
this
was:
were
we
going
to
have
a
double
dip
recession?
Six
of
the
last
eight
recessions
were
double
dip
recessions,
which
meant
that
we
had
a
period
of
recovery,
followed
by
another
period
of
recession.
That
happened
afterwards
right
now.
Economic
consensus
puts
this
around
a
12
likelihood.
There's
no
evidence
that
a
recession
is
priced
in
to
the
bond
market
anywhere
else,
and
it's
it's.
J
It's
currently
we're
looking
more
towards
a
k-shaped
recovery
or
recovery
in
certain
sectors
faster
than
other
sectors
in
the
coming
few
months,
persistent
unemployment.
This
remains
an
area
of
concern
for
us
as
well,
and
unemployment,
of
course,
is,
is
historically
high.
Even
here
in
new
mexico,
we
currently
have
about
the
fourth
highest
unemployment
rate
in
the
in
the
country.
J
So
I'm
going
to
go
over
this
quickly.
It's
a
lot
of
numbers
and
a
lot
of
graphs,
but
all
I
want
you
to
focus
on
is
is
the
numbers
with
the
green
bars
represents,
represent
the
first
forecasting
period,
so
everything
after
the
to
the
right
of
the
green
bars
represent
our
expectations
and
to
kind
of
underlie.
What's
already
been
said,
we
had
a
historical
loss
of
gdp
in
the
second
quarter
of
2020,
as
well
as
real
capital
spending
consumer
spending
across
the
board
and
unemployment.
J
This
was
the
worst
quarter,
we've
seen
since
the
great
depression
back
when
we
actually
didn't
even
have
the
our
current
fiscal
technology
to
track
adequately
certain
conditions
like
unemployment
and
and
we
recovered
quite
substantially.
Thanks
to
a
series
of
of
stimulus
initiatives
by
the
us
government,
we
recovered
substantially
in
the
third
quarter.
That
recovery
is
expected
to
continue
and
what's
happened
because
of
the
stimulus
package
that
was
just
passed.
Is
we've
started
to
revise
those
numbers
upwards,
for
instance,
real
gdp.
J
We're
gonna
have
a
very
strong
growth
in
quarter,
one
and
quarter
two
of
this
year
between
three
and
nine
percent
gdp
growth.
That's
very
substantial
on
a
quarterly
basis.
All
these
numbers
by
the
way
are
annualized,
which
is
how
we
express
them
in
a
consistent
way.
So
it
doesn't
mean
that
it
dropped
a
third
of
the
economy
in
one
quarter,
but
it
is
an
annualized
number
and
we
expect
this
to
continue
as
the
economy
pushes
forward
next
slide.
J
Please
now,
if
we
consider
the
major
macroeconomic
indicators,
when
one
of
the
things
I
want
to
focus
on
are
the
two
left
columns,
these
are
forecasts
going
forward.
One
of
the
things
that
are
is
of
particular
interest
to
us
is,
of
course,
as
a
revenue
driver.
We
think
about
property
taxes.
We
think
about
what
drives
it.
Things
like
grt
and
and
lodgers
tax
are
driven
heavily
by
economic
conditions.
J
Things
like
property
taxes
are
driven
by
population
growth
as
well
as
as
well
as
real
estate
market
health
and
right
now
we
have
an
incredibly
robust
real
estate
market,
but
with
regards
to
some
of
our
beliefs
and
some
of
our
forecasts,
if
we
look
at
the
10-year
bond,
which
is
the
far
left
portion,
the
10-year
bond
is
the
rate
at
which
the
government
gets
on
tenure
on
10-year
bonds,
10-year
debt
instruments-
and
this
helps
us
predict
things
like
30-year
mortgage
rates,
and
so
we
have
historically
low
mortgage
rates.
J
But
we
expect
that
the
bond
rates
will
continue
to
rise
and
likely
financing
expenses
will
continue
to
rise
on
those
30-year
mortgages
in
the
future,
but
not
by
a
severe
amount
in
the
second.
In
the
second
column,
from
the
left,
you
have
cpi
that's
a
measure
of
inflation,
it's
a
basket
of
goods
where
people
go
out
and
we
determine
how
inflation
progresses
through
time.
We're
expecting
because
of
the
stimulus
package
to
see
2.8
percent
inflation
in
through
the
next
six
months,
annualized
that's
higher
than
usual.
J
It's
about
the
highest
we've
seen
since
o607.
It's
nothing
to
be
alarmed
about
per
se,
but
the
other
side
of
that
is
is
despite
an
extended
fiscal
stimulus,
a
lot
of
our
fundamental
economic
numbers
that
help
us
predict.
J
When
inflation
happens,
things
like
wage
growth,
things
like
other
things,
are
still
lagging
and
and
they
they
offer
some
uncertainty
with
regards
to
whether
inflation
will
happen
to
begin
with,
so
2.8
represents
a
broad
consensus
estimate
and
we
expect
unemployment
to
go
down
and
that
overnight
lending
to
large
banks
to
remain
low
next
slide.
Please
now.
The
big
thing
here,
as
we
all
know,
is
real
estate.
Appreciation
has
been
significant
over
a
extended
period
of
time
like
30
years.
J
We
would
expect
real
estate
to
increase
about
four
to
five
percent
on
average
per
year
since
the
last
year
across
the
country
it
was
a
10
increase.
This
is,
is,
is
unsustainable
in
the
long
run,
and
it's
the
highest
level
that
we've
seen
since
2006
2000
2004
to
2006,
where
real
estate
increased
at
a
12
to
14
percent
rate.
The
the
sideline
the
side
note
on
those
numbers
is
that
it's
nothing
to
be
concerned
about
per
se
back
in
0.506.
J
We
had
a
different
system.
I
was
working
as
a
banker
at
that
time,
and
and
banks
were
grossly
under-capitalized.
We
had
a
lot
of
uncertainty
regarding
the
risk
of
certain
securities.
Banks
are
more
capitalized,
now,
rates
are
very
low,
and
so,
if
you
look
at
this
in
context
of
the
entire
world
and
asset
prices
there,
we
actually
think
we
actually,
the
real
estate
market
in
the
united
states
does
not
look
so
bad,
there's,
nothing
to
say
it
will
crash
tomorrow
or
anything
like
that.
J
We
expect
that,
as
rates
remain,
low,
people
will
continue
to
power
and
buy
real
estate
next
slide.
Please,
and
so
in
this
one
we
can
actually
see
how.
J
Historically,
though
this
has
been,
and
one
of
the
factors
that
have
been
driving
up,
property
values
has
been
incredibly
low,
fixed
mortgage
rates,
the
lowest
actually
in
history
in
the
history
of
recording
mortgage
rates,
all
the
way
back
to
the
early
1970s
and-
and
these
rates
are
expected
to
come
up
a
little
bit,
but
not
enough
to
dampen
the
overall
strength
of
the
real
estate
sector.
Next
slide,
please
now
one
of
the
things
that's
very
important
here
in
santa
fe,
I
am
a
resident
of
santa
fe
as
well.
J
We
think
about
the
two
million
potential
overnight
visitors
that
might
visit
santa
fe
in
an
individual
year
and
how
and
actually
this
this
turns
out
to
be
a
very
useful
statistic
when
we
look
at
travel
numbers
when
we
compare
things
like
hotel
stays
and
other
things
that
are
very
useful
to
help
predict
things
like
lodgers
tax
but
tsa
checkpoint
travel
numbers
provide
a
glimpse
of
how
many
people
are
actually
traveling,
and
I
want
to
point
out-
and
you
can
kind
of
see
it's
very-
it's
a
lot
of
up
and
downs,
because
these
are
these
aren't
smooth.
J
But
in
2019
you
get
a
sense
of
oh.
We
have
between
two
and
two
and
a
half
million
people
at
any
given
day
going
out
and
traveling
across
the
country
and
then
in
2021,
which
is,
of
course,
we
saw
I'm
sorry
in
2020.
We
saw
that
massive
drop-off
in
march.
As
we
closed
the
loss
of
the
travel
industry-
and
we
saw
kind
of
a
steady
state
scenario
that
existed
from
july
through
december,
there
wasn't
a
lot
of
increase
in
traveling.
J
It
kind
of
bottomed
out
about
a
quarter
to
a
third
of
what
travel
numbers
have
historically
been
now
beginning
in
2021.
We
have
some
some
cause
for
good
news,
we've
seen
in
january
and
february
those
travel
numbers
which
were
which
bottomed
out
at
about
a
quarter
to
a
third
of
what
they
should
be
increased
by
the
time
march
came
around
to
about
half
of
where
they
should
be
for
that
time
of
year.
That's
a
substantial
increase,
considering
many
places
in
the
country
are
still
under
lockdown.
J
If
I
were
to
carry
those
numbers
forward
directly
by
late
june,
they
would
be
back
to
normal.
But
what
I
did
was
I
modeled
this
on
a
conservative
basis.
J
I
I
modeled
and
examined:
let's
look
at
the
states
that
are
opening
up,
not
opening
up,
look
at
the
number
of
travelers
that
that
exist
across
the
country
and
in
people's
willingness
to
travel,
and
it's
a
slower
upkeep,
but
we're
looking
at
about
70
to
80
80
percent
of
of
travel
capacity
in
a
very
conservative
estimate
happening
by
mid
to
late
summer,
and
that
bodes
well
for
for
economic
fiscal
recovery.
Next
slide,
please
now
the
1.9
trillion
dollar
stimulus.
J
I
can't
reiterate
enough
the
positive
effects
this
will
have
in
addition
to
creating
gdp
growth.
That
will
be
the
highest
we've
seen
since
1983.
J
J
You
know
our
our
2020
savings
numbers
were
about
14,
that's
about
of
of
income
and
that's
about
double
where
historically
people
have
saved
in
the
past,
inflation
above
two
percent
is
likely,
but
we
don't
expect
it
to
be
significant
and
it
will
likely
fall
back
down
to
two
percent,
and
I
want
to
reiterate
that
the
350
billion
dollars
of
state
and
local
outlays
will
be
able
to
boost
core
services
and
maintain
employment
levels
for
invincible,
employees
nationwide.
J
J
If
you
examine
a
city
like
santa
fe,
a
city
with
around
eighty
five
thousand
people
with
say
thirty,
eight
thousand
thirty,
nine
thousand
households,
the
average
household
size
here
is
about
two
point:
two
about
ninety
of
of
santa
feans
by
income
qualify
for
these
stimulus
checks,
which
results
in
roughly
100
million
dollars
of
direct
stimulus,
action
towards
city
towards
citizens
of
santa
fe
and
like
and
likewise
because
of
those
things.
Consumer
spending
and
retail
sales
will
likely
exceed
initial
expectations
that
were
even
made
two
months
ago.
J
So
next
slide
please,
and
now
it's
going
down
to
new
mexico.
Of
course
we
have
high
economic
growth
is
expected
to
continue.
But
again
we
have
persistently
high
unemployment
here.
New
mexico's
most
recent
unemployment
number
about
8.7
is
the
fourth
highest
in
the
country,
depressed
employment
in
oil
and
gas,
about
32
below
where
it
should
be
leisure
and
hospitality
about
30
below
where
it
should
be
here
in
santa
fe.
That's
exacerbated
more!
So
it's
about
40
below
where
it
was
before
the
financial
crisis.
J
For
the
recent
pandemic
crisis,
I
should
say
in
government
and
financial
activity
hiring
is
still
lagging,
but
on
the
side
note,
there
are
some
cause
to
hope,
robust
residential,
real
estate
sectors.
Growth
is
expected
to
continue.
Inventories
for
houses
are
expected
to
improve,
but
not
to
a
level
will
start
depressing
prices
on
the
market
and
the
oil
and
gas
sector
should
recover
slowly,
and
this
is
hard
of
course,
but
we
expect
oil
prices
to
remain
right
now,
they're
in
the
60s
dollars
60s
in
dollars
per
barrel.
J
We
expect
them
to
remain
remain
relatively
steady
over
the
next
few
years.
Barring
an
international
crisis,
it
is
a
commodity,
it
is
traded
worldwide
and
consequently,
a
lot
of
things
can
happen,
but
right
now,
60
seems
fair,
based
on
the
the
metrics
of
the
oil
market.
Next
slide,
please
now
in
new
mexico.
One
thing
to
remember,
of
course,
when
we
look
at
new
mexico,
economic
data
is
that
new
mexico
has
a
historically
well
recessions,
don't
hit
us
as
bad
as
it
does
in
other
places,
and
but
but
our
recovery
is
more
long-lasting.
J
So,
even
though
we
don't
achieve
those
really
really
high
unemployments
that
we
see
in
other
states
during
the
middle
of
a
crisis,
it
takes
us
longer
to
build
back
those
jobs
longer
to
build
back
that
economy
in
santa
fe.
We
have
a
bit
of
a
healthier
fiscal
situation.
J
Historically,
if
we
go
back
since
since
2011,
there's
a
little
bit
of
cyclicality
here
that
seasonality
and
unemployment,
unemployment
is
actually
historically
slightly
higher
in
summer
than
it
is
in
winter,
and
and
santa
fe
in
general-
recovers
favorably
when
compared
to
new
mexico
as
a
whole,
but
many
of
the
same
metrics
metrics
continue,
and
so
we
expect
that
santa
fe's
employment
will
eventually
drop
down
and
continue
below
new
mexico.
J
State
averages
next
slide,
please,
and
so
the
santa
fe
economic
growth,
and
so
a
few
things
I
want
to
point
out
quickly
on
this
is
we
expect,
of
course,
gradual
improvements
in
hotel
occupancy
and
restaurant
spending.
Santa
fe
real
estate,
growth
in
prices
exceeded
u.s
growth
rates,
and-
and
I
want
to
reiterate
something
that
was
a
very
a
robust.
Despite
the
pandemic,
was
construction,
construction
activity
has
been
strong
and
current
construction
employment
in
the
county
has
actually
reached
a
pre-pandemic
levels.
J
Spending
will
likely
increase
substantially
in
the
fiscal
year
2021,
which
will
benefit
retail
establishments.
Looking
at
electronics,
home
furnishings
luxury
stores
we'll
see
benefits
from
this
category.
Public
sector
employment
remains
somewhat
below
last
year.
There's
about
1400
jobs
that
are
not
currently
on
the
fewer
jobs
in
public
sector
than
we
had
a
year
ago,
but
stronger
fiscal
positioning
will
allow
greater
hiring
in
this
sector,
and
this
goes
across
a
number
of
government
agencies
next
slide.
Please
now
the
construction
boom
again.
J
To
reiterate
this:
if
we
look
at
private
housing
units
authorized
by
building
permits
in
santa
fe,
you
wouldn't
guess
that
2020
to
2021
was
a
pandemic
by
looking
at
this
charted
loan,
and
I
think
that's
telling
construction
in
santa
fe
has
been
robust.
Real
estate
demand
has
been
robust
and-
and
this
is
favorable
to
continued
economic
growth
and
population
growth
and
that
helps
us
predict
and
work
into
how
property
taxes
will
behave
in
other
things
as
well.
Next
slide,
please
so
winding
and
dining
seated.
J
Diners
across
senate
is
really
hard
to
gauge
to
find
a
centralized
database,
but
opentable
is
a
they
provide
a
database
that
allows
you
to
see
the
number
of
diners
who
have
been
seated,
although
our
restriction
levels
have
been
different
than
the
rest
of
the
country.
The
number
of
of
extent
diners
have
recovered
to
about
half
of
what
they
were
right
before
the
pandemic
at
this
time
of
year.
The
united
states
is,
as
a
whole,
is
about
a
little
above
60
in
the
restaurant
sector.
J
We
expect
these
numbers
to
continue
projecting
them
forward.
Hopefully,
continued
progress
with
the
vaccine
and
continue
openings
will
continue
to
happen
next
slide.
Please
now
the
hotel
industry
in
santa
fe
is,
of
course,
a
large
economic
driver,
and
one
of
the
things
is
look
using
str
data.
I
was
able
to
project
ahead
systematically
and
try
to
figure
out.
Where
will
the
hotel
industry
be
this
summer?
And
it's?
Why
there's
a
series
of
wide
bounds
and
the
wide
bounds
are
driven
by
the
ability
and
of
the
population
to
recover
from
the
pandemic
vaccinations
openings?
J
Are
we
going
to
reach
turquoise
level
we're
going
to
proceed
in
positive
directions,
and
so
the
upper
bound
actually
exceeds
the
2019
levels,
but
that's
that's
that
and,
and
the
lower
bound
is,
is
low,
but
it's
still
better
than
where
it
was
in
2020,
and
this
represents
a
95
confidence
interval
now
in
the
middle.
J
That
represents
the
best
guess
and
we
expect
in
summer
roughly
following
the
tsa
travel
estimations
that
will
at
least
get
hopefully
between
70
and
80
percent
of
occupancy
compared
to
where
it
was
back
to
back
in
2019
or
70
to
80
of
that
number.
I'm
sorry!
So
that's
the
that
that
is
an
objective.
Next
slide
now
real
estate
dynamics
in
santa
fe
you've
seen
a
lot
of
numbers
about
this
from
a
lot
of
different
sources.
J
This
uses
the
zillow
home
value
index,
which
is
useful
because
it
doesn't
just
look
at
houses
that
might
have
just
sold
or
been
for
sale
but
sort
of
an
aggregate
estimate
of
property
value,
and
while
it's
not
fully
accurate,
it
represents
a
fairly
good
picture.
Santa
fe,
despite
being
more
expensive
in
new
mexico
as
a
whole,
has
had
robust
growth
in
the
sector
and
that's
going
to
help
power
those
those
property
taxes
in
a
looser
way.
J
It
also
helps
it
also
helps
dictate
the
manner
by
which
people
consume
and
that
consumption
will
tie
back
into
other
parts
of
the
economy
as
well.
Next
slide,
please.
J
So
if
I
were
kind
of
drilling
down
to
a
final
slide,
that
kind
of
reiterated
these
things
so
right
now
the
santa
fe
economy
looks
strong
for
a
bit
for
a
continued
recovery.
We're
looking
at
things
like
grt
and
lodgers
tax
that'll,
be
bolstered
by
recovering
economic
conditions,
increased
travel,
there's
a
lot.
That's
been
said
about
pent-up
demand.
J
The
markets
probably
have
already
forecasted
that
it's
already
priced
into
the
markets
as
a
whole,
but
we
expect
that
economic
data
to
follow
suit,
and
I
think
that
historically
high
savings
rates
will
help
power
a
lot
of
discretionary
spending
in
the
next
year.
Now
a
robust
property
market
means
low
interest
rates
and
growing
population.
J
This
usually
means
good
news
for
property
taxes
and,
although
there's
moderate
inflation
due
to
economic
overheating
and
overheating
is
a
broad
term,
overheating
is
more
probable
than
another
recession
at
this
point
worst
case
scenario,
and
this
is
something
we
all
have
to
consider
when
we
do
any
type
of
economic
or
financial
modelling,
an
appreciably
more
dangerous
virus
variant
could
happen
forcing
additional
closures,
in
which
case
the
most
vulnerable
revenue
streams
for
the
city
are
in
grt
and
lodgers
tax
on
the
opposite
end
higher
than
expected
inflation.
J
I
know
there'll
be
concerns
always
about
that
usually
increases
both
revenues
and
expenditures
for
municipalities,
and
it
offers
a
really
complex
risk.
So
it's
not
something
that
I
had
to
go
through.
I
was
explaining
to
look
at
this
stuff.
It's
been
so
long
since
we've
seen
anything
really
historically
about
two
and
a
half
percent
in
inflation.
J
I
had
to
to
blow
off
the
dust
and
old
economic
papers
to
get
some
perspective
on
how
to
actually
look
at
this,
but
that's
kind
of
our
overall
perspective,
and
I
appreciate
the
time
that
you've
spent
allowing
me
to
explain
it
with
you
and
I'm
here
later
to
answer
any
questions
as
well.
K
Thank
you,
mary
chairman,
so
I
mean
one
of
the
first
things
we
got
is
gross
receipts.
Tax
is
the
largest
source
of
single
source
of
revenue
for
the
city
of
santa
fe,
and
a
major
contributor
to
the
tune
of
67
of
the
general
fund
grt
makes
up
roughly
30
of
the
total
revenues
to
the
city
close
behind
that
would
be
utility
revenues,
and
you
know
those
are
all
you
know:
enterprise
funds
staying
with
utilities.
K
One
of
the
problems
with
our
forecasting
is
that
new
mexico
grt
is
with
a
two-month
lag,
so
we
just
got
january
friday,
and
so
here
we
are
in
in
you
know,
mid
to
end
of
march
and
we're
just
now
getting
january
data,
so
even
after
the
the
fiscal
year
is
over
for
two
months,
we'll
just
be
getting
june.
30Th
data
so
kind
of
the
things.
As
you
can
see
this
chart
here,
we're
showing
by
industry
group.
This
is
tracked
by
the
taxation
revenue
department
and
it's
by
nasa
code.
K
K
This
is
by
you
know,
total
grocery
seats,
total
taxable
grocery
seats
collected
by
santa
fe
businesses,
and
you
can
see
in
january
2019
at
the
very
far
left
of
the
chart.
That
was
our
last
month
of
positive
year-over-year
growth
was
in
2020
and
every
month
after
that,
we've
had
a
decline.
K
But
you
can
see
also
one
of
the
important
things
is
is,
and
this
place
part
into
our
forecasting
is
the
seasonal
aspects
of
grt
and
we'll
see
that
here
later
in
larger
tax
too.
But
in
that
seasonal
part,
we
receive
roughly
60
of
grt
in
the
first
six
months
of
the
year
and
40.
Well,
I
guess
it's
like
53
in
the
first
six
months,
47
in
the
last
six
months.
Next
slide,
please,
and
you
can
see
this
is
the
distributions
and
again
the
last
month
with
actual
growth
was
january.
K
2020
with
you
know
up
a
hundred
thousand,
but
every
month
after
that
has
been
a.
K
Decline
year
to
date-
oh
this
is
an
important
year.
Today,
we've
received
roughly
59
of
total
grt
of
the
90
million
point.
90.7
million
budget
right
now
we're
ahead
of
budget,
but
we're
way
behind
fy
19.
I
Next
slide,
please,
I
think,
what's
important
to
point
out
here
is
that
our
revised
grt
revenue
estimates
for
the
current
fiscal
year
for
fy
21
are
likely
to
reach
97
million,
so
this
is
about
6
million
over
what
we
had
originally
projected
in
july.
This
leads.
This
is
great
news.
I
This
really
leads
off
of
the
economic
analysis
that
dr
white
provided
to
us
to
be
able
to
understand
where
we
are
at
right
now
with
our
red
green,
yellow
what
that
means
for
our
local
businesses,
what
that
means
for
our
local
economy
and
what
we
can
expect
going
forward
through
april
may
and
june
of
this
fiscal
year,
so
very,
very
different
position
than
we
were
in
last
year.
At
this
time.
I
That
being
said
tonight
on
the
finance
committee
agenda,
you
will
have
in
front
of
you
a
few
items
that
are
budget
adjustments,
and
we
made
this
commitment
to
the
council
when
we
originally
put
forward
our
fy
21
budget.
In
july,
we
said
that
we
were
continued
to
monitor
these
patterns
as
the
fiscal
year
continues
and
as
soon
as
we
did
have
any
good
news,
we
were
hoping
for
good
news
at
that
time,
where
our
revenue
estimates
would
outpace
what
we
had
projected.
I
We
would
come
back
to
this
body
for
additional
budget
adjustments
for
adding
back
in
budgeted
expenditures
for
this
current
fiscal
year.
So
there's
two
items
on
tonight's
agenda
that
fit
that
the
nature
of
those
budget
adjustments
to
be
able
to
to
be
supported
by
this
additional
grt
revenue.
In
addition,
over
the
next
few
months,
we
will
continue
to
bring
you
updates
about
our
revenue
for
fy21
and
about
the
corresponding
budget
adjustments
that
you
can
expect,
so
we
can
start
to
bring
back
services
or
bring
back
employment
throughout
our
city.
K
Structure,
thank
you,
mary,
the
one
one
important
thing
there.
It
also
changes
the
base
from
where
we're
estimating
fy22,
and
so
you
know,
if
we
were,
you
know
if
we
were,
you
know,
budgeting
from
90
million
and
then
budgeting
fy
22,
that's
one
rate,
but
now
we're
saying
the
base
has
changed:
it's
not
90
million
anymore,
it's
97
million,
and
then
we
have
a
growth
rate
above
that,
and
so
it's
really.
You
know
it's
not
only
good
for
fy
21.
It's
also
really
good
for
fy
22.
K
property
tax.
Given
the
problems
we
had
had
in
property
tax
about
budgeting,
we
did
a
deep.
The
finance
department
did
a
deep
dive
and
really
looked
into
property
tax
and
how
it
works
and
the
state
and
yield
control,
and
it's
a
very
complicated
and
interesting
thing,
but
we've
we
budgeted
11.9
million
last
year
and
we
found
that
that
to
be
probably
structurally
overestimated,
we're
going
to
come
in
right
at
10.9
million
this
year.
So
this
is
going
to
fall
short
of
budget
by
about
a
million
dollars
and
lodgers
tax.
K
This
is
by
month,
as
you
can
see
that
our
big,
the
city's
big
months
and
launchers
tax
receipts
july
august
september
october,
stretching
barely
into
november,
maybe,
and
then
it
substantially
drops
off
through
the
winter
and
it's
just
on
the
uptick
when
we
come
back
in
may
june,
and
so
this
really
ties
in
with
dr
white's
tsa
and
the
expectations
we
have.
K
When
you
look
at
his
numbers,
he
was
looking
at
70
percent
of
where
we're
at
and
when
you
look
at
fy
22
the
budget
there
you
know,
unfortunately,
we're
only
going
to
be
at
70
percent,
given
dr
white's
analysis
in
the
four
best
months
we
have
july
august
september
october,
but
nevertheless
it's
still
much
better
than
where
the
dark
blue
line
down
there,
400
000
is
at
so
I'm
not
saying
we're
gonna
be
up,
you
know
up,
but
we
will
be
better
than
where
we're
at
so
maybe
800.
I
Thank
you
brad,
so
this
is
a
highlight
we're
going
to
continue
to
provide
you
with
fy
21,
revised
revenue
estimates,
as
I
indicated
over
the
series
of
the
next
few
months,
we're
also
going
to
be
bringing
forward
a
series
of
budget
adjustments.
So
we
can,
as
you
all
know,
july.
1St
is
a
very
artificial
timeline
for
the
beginning.
I
For
the
beginning
of
a
fiscal
year,
it
doesn't
really
match
up
with
our
summer
season
with
our
spring
season,
where
we
need
to
get
ahead
of
on
hiring
or
our
summer
season
when
we
have
festivals
in
town
or
when
we
have
summer
activity
summer,
youth
programs
and
such
not
so
again
we're
really
looking
at
the
opportunity
to
match
the
great
news
of
these
revised
revenue
estimates
with
additional
expenditures
to
be
able
to
support
the
services
that
the
city
is
providing
so
again,
just
a
quick
recap.
I
A
year
ago
we
were
in
a
very
different,
uncertain
economic
outlook.
Thanks
to
dr
white
and
his
guidance
for
our
fy
21
and
our
fy
22
forecast,
we
are
able
to
see
improved
economic
drivers,
consumer
savings,
federal
stimulus,
growth
in
construction,
real
estate
sectors,
here,
growth
and
travel
and
tourism,
which
impacts
accommodations
in
food
service
and
our
retail.
So
what
does
that
mean?
For
us?
That
really
means
our
city
fy
21
revenues,
as
broad
reviewed
are
expected
to
show
continued
improvement.
I
So
that's
the
good
news
so
between
now
and
the
end
of
the
year,
we
do
expect
to
budget
some
of
that
unanticipated
revenue.
So
we
can
get
that
out
the
door
with
additional
services.
What
does
that
mean
for
fy22?
I
So
we
will
be
bringing
forward
in
the
month
of
april,
through
our
budget
hearings,
a
package
to
support
additional
hiring
into
critical
vacant
unfunded
positions,
support
spending
throughout
all
of
our
departments
and
to
support
our
local
economy.
Here
again,
as
dr
white
also
mentioned,
we
still
face
some
potential
risks.
A
more
dangerous
variant
of
the
virus
could
potentially
cause
closures
or
additional
restrictions
in
a
backslide
from
the
green
level,
where
we
see
ourselves
now,.
L
A
Okay,
questions
from
the
committee.
E
Thank
you
chair
just
and
dr
white.
Thank
you
for
being
here,
appreciate
it
very
much.
So
let
me
see
if
I
have
some
proper
takeaways
from
this,
that.
E
With
all
that,
you
talked
about
with
us-
and
I
think
this
is
asking
you,
dr
white-
it
it
sounds
like
we
are
at
the
front
end
of
what
looks
like
a
pretty
robust
recovery
am
am,
I
am
I
getting
the
right
take
away
from
this.
J
That's
correct,
councilwoman
lindell.
I
I
want
to
reiterate-
and
that's
the
interesting
part
about
this-
is
that
when
we
compare
this
to
past
recoveries
throughout
history,
our
foot
has
been
on
the
gas
with
economic
policy.
That's
contributed
this
the
additional
stimulus
at
the
congressional
level.
We
haven't
had
sort
of
a
perfect
storm
of
this
many
positive
things
to
boost
us
out
of
economic
recovery
in
in
any
any
recent
memory,
since
going
back
to
the
30s
and
the
efforts
made
in
the
1930s
to
improve
unemployment
situations.
J
So
so,
in
most
cases
this
is
a
historic,
concerted
effort
at
boosting
the
economic
growth
prospects
in
the
next
year,
and
that's
why
the
economic
projections
are
are
this
way
and
even
at
six
percent
gdp
growth,
it
still
trails
some
expectations,
which
some
economists
have
argued
for
eight
percent
or
even
higher,
and-
and
I
think
that
six
percent
is
still
relatively
conservative
this
year.
E
Good,
I'm
just
trying
to
hit
some
high
points
with
this,
so
we've
had
a
we
are
in
what
is
a
rather
robust
recovery.
Certainly,
the
fed
monies
that
we've
received
have
been
helpful.
We've
got
them
distributed
in
my
mind
properly,
which
was
a
massive
amount
of
work
to
get
that
done,
and
mr
fletch,
I
believe
that
the
takeaway
that
I
got
from
you
is
that
our
grt
is
actually
or
mary.
It's
actually
increasing
quicker
than
we
thought
it
was
going
to.
I
Mr
councillor
lindell,
yes,
that
is
correct.
We
originally
put
forward
a
budgeted
as
a
plan,
a
revenue
estimate
as
a
plan
and
as
soon
as
we
saw
some
early
indicators
that
our
grt
would
be
increasing
faster
than
we
had
anticipated,
especially
with
the
fact
that
we
are
opening
up
at
a
much
quicker
rate.
We
did
come
to
the
committee
with
that
information
and
we
are
proposing
additional
spending
in
the
current
year
as
a
result,.
K
K
E
Well,
I
want
to
thank
all
of
you
for
bringing
this
information
to
us.
I
think
it
gives
us
a
lot
of
reason
to
be
optimistic
about
our
future.
We've
been
through
a
mighty
rough
time,
and
this
gives
us
data
to
feel
optimistic
about
the
direction
that
we're
headed,
how
we
have
handled
our
finances
and
that
we're
on
a
good
path.
With
this
you
know
we
can
sit
around
and
pat
each
other
on
the
back
and
say:
oh
we're
on
a
great
path
with
this.
We've
done
great
this.
This,
my
friends,
is
real
data.
E
That
shows
that
we're
going
in
the
right
direction
here
and
we're
going
in
the
right
direction
at
a
speed.
We've
never
gone
before
it.
It
is
amazing
how
quickly
this
is
happening.
So
I
very
much
appreciate
you
bringing
this
to
us
in
a
form
that
we
can
see
what's
happening,
it's
something
we
can
embrace
and
we
have.
We
have
real
true
data
to
make
us
feel
good
about
the
direction
that
we're
going
in.
So
so
thank
thanks
to
everyone
on
the
staff
that
touched
this
report,
it's
very
very
meaningful.
G
Everyone
for
the
presentation,
as
councilwoman
lindell
said,
it's
a
lot
of
very
optimistic
news,
so
very
happy
to
see
that
I
was
hoping
to
dig
in
a
little
bit
more
to
a
data
point
that
I
find
not
very
intuitive,
which
is
looking
at
the
increase
in
the
real
estate
market
and
how
that
is
a
positive
sign
for
economic
growth
and
the
reason
that
I
that
I
have
a
challenge
with
this
is
because
what
we
hear
from
so
many
people
is
that
housing
prices
are
out
of
control,
which
means
they're
spending
more
on
housing,
which
means
they
have
less
disposable
income
to
go,
spend
out
in
the
community
to
bring
us
grt.
G
And
you
know
that's
that's
where
I'm
really
having
a
hard
time
really
understanding
this
data
point
as
a
positive
for
economic
growth,
and
I
know
it's
not
the
only
source
of
grt's
local
individuals,
but-
and
I
know
that
when
people
buy
houses,
they
frequently
buy
things.
But
I
also
hear
a
lot
of
we're
trying
to
buy
a
house.
The
housing
market
is
insane
we're
really
having
to
tighten
our
belts
and
not
go
out
and
spend
any
extraneous
dollars.
So
can
I
get
just
a
bit
more
information
on
how
that
factors
into
our
projections.
J
Yes,
thank
you
so
much
councillor
cassette
sanchez,
one
of
the
one
of
the
interesting
things.
The
housing
market
is
always
a
fascinating
thing
when
prices
in
santa
fe
are
are
absolutely
expensive
and
it
is
absolutely
hard
and
the
way
that
that
works
out
is
often
on
on
an
inequality
basis.
J
It
is
hard
for
for
people
to
afford
housing
here
and-
and
I
don't
doubt
any
of
those
things-
and
I
think
that's
very
important
when
we
think
about
economic
growth,
or
at
least
how
housing
markets
can
apply
here
and
and
I'm
being
sort
of
separating
myself
from
the
question
of.
J
Is
it
good
to
have
high
housing
prices
or
bad,
but
saying
that
when
prices
are
increasing,
people
who
are
already
homeowners
see
increases
in
equity
and
increases
in
equity
financing,
allow
them
to
say
refinance
at
lower
rates
that
extra
money
will
go
to
people
for
restoration
of
the
house.
Other
things
as
well.
It's
it's!
Arguably,
although
this
is
it
comes
with
negatives.
It
comes
with
a
lack
of
of
a
general
population
to
be
able
to
afford
this
sort
of
thing
now,
on
the
other
end
of
the
equation.
J
If
we
had
declining
real
estate
prices,
that
would
also
present
itself
a
very
severe
situation.
You
would
have
people
who
have
mortgages
that
are
greater
than
the
value
of
the
home
is
worth,
and
then
you
would
have
no
incentive
to
keep
up
housing.
You
have
no
incentive
all
of
these
things.
There's
like
this
as
economic
papers,
this
high.
That
shows
how
how
neighborhoods
and
places
can
be
blown
out
when
we
have
prices
that
are
declining,
and
so
while
prices
are
increasing,
has
itself
a
slew
of
of
negative
social
consequences.
J
It
would
be
worse
in
aggregate
if
prices
were
declining
when
we
think
about
taking
a
pulse
of
how
good
the
economy
is
doing
in
santa
fe
as
a
whole,
and
so
what
we've
seen
across
the
country
to
give
you
context
in
it
as
well.
Asset
prices
have
been
increasing
across
the
country.
A
lot
of
people
are
looking
for
yield
looking
for
returns,
because
interest
rates
are
so
low
and
it's
it's
hit
vacation
areas.
J
We
would
say
higher
than
other
places,
and
so
the
re,
the
biggest
rates
of
increase
that
we've
seen,
have
been
across
ski
resorts,
towns
that
that
offer
a
lot
of
tourists
in
other
places.
J
Second,
homes,
things
like
this
and
and
ultimately
what
dictates
that
future
policy
science
is,
is
the
question
of
supply
and
demand
and
housing
units
and
other
things
and
and
getting
enough
people
into
them,
but
that's
sort
of
the
a
broad
two-cent
review
of
why
you
know
why
this
perspective
might
well,
it's
not
ideal
for
for
people.
Looking
for
a
house,
of
course
it
is
it
is
it
is
it.
J
K
It
also
improves
lodgers
tax,
more
people
here
visiting
it
also
improves
property
tax
and
so
a
strong
housing
market,
not
too
strong.
You
know
it's
like
we
want
the
the
three
bears.
I
can't
think
of
her
name,
but
we
want
it
just
right.
You.
M
G
Wonderful,
thank
you
both
just
for
diving
into
that
a
little
bit
more.
It's
interesting
because
we
spend
so
much
of
our
time
talking
about
affordable
housing
and
the
positivity
of
having
more
affordable
housing
that
then
you
know
it's
a
very
different
lens
to
put
on
it.
So
I
greatly
appreciate
you
diving
into
that
more.
That
was
my
only
question.
Thank
you
again.
So
much
for
your
presentation.
A
We
have
members
of
the
governing
body
who
are
not
part
of
the
finance
committee.
Do
you
have
any
questions,
counselor
garcia?
Did
you
have
any
questions.
N
Okay
and-
and
I
guess
my
question
maybe
is
for
mary,
given
that
you
know
we,
we
had
our
projections
of
grt
production
given
to
us
monthly,
and
I
think
it
was
pretty
evident
by
fall
fall
time
november,
that
we
were
on
a
rec
road
to
recovery
and
a
strong
recovery
at
that,
because
I
remember
talking
about
this
in
december
and
the
election
had
just
been
had
and
we
knew
that
president
biden
or
at
the
end
president-elect
biden,
was
going
to
be
soon
passing
a
some
type
of
what
become
became
now
the
rescue
plan,
and
my
my
question
is:
is
there
a
specific
number
of
months
we
had
to
wait
before
we?
N
Can
we
considered
this
a
road
to
recovery,
or
I
mean
because
if
I,
if
I'm
looking,
if
you're,
if
you're
looking
basically
even
prior
to
july,
we
never
went
over
more
than
two
million
dollars
grt
loss.
We
had
that
big
loss
in
in
july,
but
then
august
through
january.
I
I
If
you
do
recall
in
the
month
of
november,
we
did
face
another
two
week
period,
which
was
seen
on
some
of
our
charts
and
our
graphs
earlier
in
the
presentation
where
the
whining
and
dining
chart
that
we
saw
earlier,
where
the
the
not
just
the
hotel
industry,
but
also
our
local
restaurants.
I
Faced
a
two
week
period
of
closure,
some
of
our
retail
shops
were
again
closed
for
two
weeks.
So
that's
the
type
of
dynamic,
unprecedented,
uncertain
situation
that
we
found
ourselves
in
throughout
the
fall
and
again
I
think
that
was
very
evident
with
the
red
green
yellow
system
that
we
that
was
in
place
by
the
states.
I
You
know
we
were
in
red
for
a
series
of
several
months
and
then
very
quickly
when
we
did
have
an
increase
in
the
vaccination
rates
and
we
did
have
a
decrease
in
the
transmission
rates
we
jumped
into
the
yellow
zone
and
then
very
quickly
into
the
green
zone,
which
has
enabled
us
to
be
able
to
make
these
revisions
and
have
the
level
of
comfort.
I
So
again,
I
just
want
to
continuously
impress
upon
all
of
us
that
we're
cautiously
optimistic
at
this
point
that
we
have
seen
those
indicators
that
dr
white
reviewed
with
us
is
positive
news
going
forward,
but
that
this
is
a
very
dynamic
situation.
I
We're
still,
you
know
at
a
point
where,
as
you
all
know,
we
have
70
different
funds
throughout
the
city
that
we
have
to
balance.
So
the
revenue
coming
into
each
of
these
funds
has
to
be
able
to
match
the
expenditure
level
of
going
out,
and
so
it
is
a
very
complex
situation
so
to
be
able
to
bring
forward
a
package
to
the
governing
body
where
we
felt
confident
that
we
would
be
able
to
see
additional
expenditures
really
did
happen.
I
You
know
in
recent
months
and
then
the
time
that
it
takes
to
be
able
to
put
together
that
package
as
well
in
a
very
diligent,
planned
out
way.
One
of
the
budget
adjustments
that's
before
the
committee
members
tonight
is
for
our
parks
department
again
july.
1St
is
a
very
artificial
timeline
when
it
comes
to
our
seasonality.
I
With
our
park
system,
we
want
to
be
able
to
start
to
make
those
investments
in
weed
control
in
our
park
systems.
Earlier
than
july
1st,
we
really
want
to
be
able
to
start
to
address
that
additional
those
additional
services
that
we
need
now
so
again
we're
as
the
as
the
situation
has
changed.
We
have
continuously
committed
to
bringing
the
updates
and
then
to
eventually
bringing
these
budget
adjustments,
which
is
again
we're
cautiously
optimistic
about
at
the
time
as
well
in
the
fall.
I
If
you
want
to
recall
we,
as
you
alluded
to,
we
had
the
promise
of
the
american
rescue
plan,
we
had
the
promise
of
additional
vaccinations,
but
we
actually
did
not
have
the
vaccinations
approved
the
vaccines
approved
by
the
feds
until
was
it
just
december,
if
I
recall
correctly,
and
then
the
american
rescue
plant,
you
know
just
joe
biden's
president
biden's
package
just
recently
passed,
so
we
were
anticipating
these
improvements,
but
we
really
didn't
want
to
be
able
to
to
plan
on
something
concrete
until
we
had
these
changes
more
concretely
outlined.
K
Well,
mr
chair,
if
I
may-
and
we
didn't
get
november's
data
until
january,
you
know
we
didn't
get
october's
data
until
december,
so
we
didn't
even
get
to
see
the
fall,
actual
hard
data
for
two-month
lag
and
that
that
you
know
that's,
not
the
fine,
that's
trd
and
just
the
process
of
of
getting
us
our
distribution.
N
Thank
you,
mr
chair.
No,
I
I
think
I
had
my
question
answered.
A
Okay,
great
councilwoman
v
hill
coupler
did
you
have
any
questions.
C
Thank
you,
mr
chair.
I
I
don't
have
any
questions.
I
want
to
thank
the
finance
staff
and
dr
white
for
the
presentation,
and
I
was
very
enlightened
by
your
comments
on
housing
there
you
know
I
I
just
found
that
to
be
very
interesting
and
it
seems
to
track
what
we
with
the
santa
fe
association
of
realtors
and
the
new
mexico
association
of
realtors
and
the
national
association
of
realtors
track.
So
I
think
you
were
spot
on.
Thank
you.
Thank
you,
mr
chair.
A
Okay,
mayor
any
last
words
before
we
move
on.
O
Just
appreciation
for
the
presentation,
I
think
it
was
really
well
done.
It
highlights
both
where
we've
been
and
the
depths
of
the
unknowns
that
we
faced
just
one
year
ago
and
the
the
confluence
of
sound
fiscal
practices
with
good
financial
support
from
the
federal
government.
The
fact
that
there
has
been
the
stimulus
packages
and
now
the
the
arp
is
a
a
huge
deal
for
our
country
and
support
from
the
state
as
well.
So
this
is
a
word.
Unprecedented
has
been
used
a
lot.
It
is
not
inaccurate.
O
So
dr
white,
thank
you
and
once
again,
mary
happy
birthday.
E
Okay,
chair:
could
we
request
that
I'm
a
copy
of
the
presentation
be
emailed
to
us?
Yes,
if
you.
O
A
Okay,
so
that
brings
us
to
items
that
were
pulled
off
the
consent
calendar.
The
first
is
item
a
which
is
a
request
for
approval
of
a
budget
amendment
resolution
in
the
amount
of
1.8
million
dollars
for
fy21
to
fund
current
year
allocations
from
the
affordable
housing
trust
fund
to
the
recommended
floor
of
3
million
per
year,
councilwoman
romero
worth.
D
Thank
you,
mr
chair.
I
just
wanted
to
pull
this
to
add
some
additional
information.
I
think
this
is
a
very
exciting
development.
D
This
recommendation
for
a
budget
adjustment
from
staff
and
our
management
team
and
and
the
the
mayor
and
his
administration,
because,
together
with
this
with
this
1.8
million
dollars
and
the
changes
that
we
made
to
the
fee
in
lieu
of
ordinance
that
raised
this
year,
a
little
over
in
the
range
of
1.3
million,
the
combination
will
allow
the
affordable
housing
trust
fund
in
this
fiscal
year
to
reach
three
million
dollars
and
and
in
the
attached
memo.
It
talks
about
that
being
a
floor,
and
I
think
it's.
D
This
is
just
an
important
moment
to
note,
because
we
have
it's
been
recommended
that
we
try
to
get
the
affordable
housing
trust
fund
up
to
three
million
dollars
at
a
consistent,
sustainable,
reliable
level.
You
know
now
and
into
the
future,
and
so
this
is
a
really
big
deal
for
providing
the
spectrum
of
housing
that
we
need
in
this
city
in
this
moment,
and
I
think
it
demonstrates
our
commitment
to
working
on
this
and
a
little
later
tonight.
D
I
do
have
a
resolution
that
I'll
introduce
for
the
mayor
that
I'm
sponsoring,
in
addition
to
some
other
counselors,
to
talk
about
a
work
plan
for
looking
for
the
long-term
funding
that
we're
gonna
need
to
keep
this
this.
D
This
fund
at
the
three
million
dollar
floor
going
forward
and
that
work
plan,
we'll
use
our
committee
structure
and
the
recommendations
that
have
come
forward
to
us
through
staff
through
counselors
and
through
the
many
advocates
in
our
community
who
work
on
this
issue,
and
so
I'm
excited
because
I
I
think
this
demonstrates
our
seriousness
and
the
commitment
we
have
to
to
meeting
this
objective
of
fully
funding
the
affordable
housing
trust
fund
and
and
getting
a
reliable
sustainable
amount
of
money
in
this
fund.
D
And
you
know
I
think
it
was
mentioned
earlier
this
afternoon-
that
this
fund
has
historically
seen
something
around
the
hundred
thousand
dollar
level
of
funding.
You
know
couple
hundred
thousand
dollars
and
I
think
that
fluctuated
year
to
year,
it
was
hard
to
plan
year
to
year
to
count
how
much
money
would
you
have
how
much
money
could
you
count
on
to
leverage
it?
D
We
also
heard
that
the
leveraging
on
this
fund
is
three
to
one,
so
this
three
million
dollars
represents
a
nine
million
dollar
ability
to
do
good
work
in
the
affordable
housing
area
in
on
a
spectrum
of
the
housing
needs
that
we
have.
So
I
just
wanted
to
pull
this
to
make
a
point,
and
I
would
move
its
approval,
but
I'm
sure
there
are
other
people
who
may
want
to
speak.
F
Thank
you,
mr
chair.
This
is
definitely
exciting
amount
of
funding,
the
infusion
of
funding
that
we've
needed
for
a
long
time.
I
just
had
a
couple
questions
logistically
about
the
allocation
and
how
it
will
work
and
actually
me
these
questions
may
be
more
appropriate
for
alexandra
ladd
to
answer.
F
As
you
all
know,
we
just
the
community
development
commission,
along
with
affordable
housing
staff,
we
recently
have
recommended
the
1.2
million
that
was
through
our
community
engagement
process
that
would
go
towards
local
organizations
and,
as
usual,
we
we
never
have
enough
funding
to
be
able
to
support
the
nonprofits
and
partners
that
are
doing
the
the
groundwork
for
all
the
all
of
this.
So
we
didn't
have
enough
funding
this
year
to
be
able
to
fully
fund
some
of
the
requests,
and
so
I
guess
my
question:
is
this
additional
infusion
alexandra?
F
Would
this
then
go
back
to
the
cdc
so
that
we
could,
as
a
group,
make
those
adjustments
to
the
initial
recommendations.
L
L
I
believe
the
ordinance
requires
us
to
do
an
rfp,
but
I
think
we
could
certainly
have
a
some
sort
of
policy
setting
a
conversation
about
whether
doing
another.
Rfp
is
the
way
to
go
or
whether
we
want
to
see
what
which
projects
may
emerge
in
the
next
couple
of
months
that
are
similar
to
the
santa
fe
suites
model
and
whether
we
wanted
to
put
some
equity
into
a
project
such
as
another,
santa
fe
suites.
F
That
sounds
good.
Well,
I
mean,
if
that's
the
case,
then
that's
a
whole
nother
kind
of
project.
I'm
just
making
sure
that
if
we
have
additional
funding
that
we,
if
we
have
an
ability
to
go
back
to
make
adjustments
to
those
initial
recommendations,
because
there
was
quite
a
bit
of
a
cut,
not
cut,
but
we
were
limited
as
to
what
we
were
able
to
fund-
and
I
just
want
to
see
if
there's
a
possibility
to
to
increase
those
amounts
but
you're
saying
that
it
would
require
a
whole
other
rfp
process.
L
I
I
believe
counselor
via,
I
believe,
so
I
have
to
look
at
the
ordinance
again.
You
know
this
is
the
first
time,
so
I
think
we
get
to
invent
the
wheel.
The
way
we
need
to
roll
the
car.
So
you
know
we
do.
I
think
we
have
some
flexibility
there.
F
Okay,
that's
good
to
know,
and
then
this
additional
amount
of
funding
would
it
go
towards
this
current
fiscal
year?
Does
it
need
to
be
spent
down
by
a
certain
time
period,
or
can
it
carry
over
into
fiscal
year
2022
that
may
be
staff?
This,
I
don't
know
if
that's
finance
staff.
I
I
If
there
is
something
that
prohibits
the
expenditure
before
june
30th,
it
will
then
be
part
of
the
affordable
housing,
trust
fund
and
available
for
allocation
or
expenditure
into
future
years,
and
so
mr
chair
counselor,
alex
I'm
not
sure
if
you
want
to
speak
to
the
timing-
and
we
understand
by
the
time
this
if
this
is
approved
at
council,
we're
looking
at
a
three-month
period,
the
april
to
june
period
for
expenditure.
So
I'm
not
sure
if
alex
wanted
to
touch
on
the
timeline.
L
L
Certainly
the
community
development
commission
should
begin
the
conversation
about
how
to
how
to
decide
what
the
priority
for
the
extra
funds
is.
F
And
then
the
other
question
for
finance
is:
can
we
use
this
funding
to
increase
the
needed
staff?
We
have
the
needed
staff
we
need
in
affordable
in
the
affordable
housing
office.
Part
of
the
reason
why
I
think,
if
we,
even
if
we
had
a
large
infusion
of
funding,
we
also
need
to
increase
staff
capacity
and
they
do
great
with
the
the
team
they
have
now.
It's
just
that
there
there's
a
lot
of
bureaucracy
with
funding
sources,
not
necessarily
with
affordable
housing
trust
fund.
I
Mr
chair
counselor,
via
real,
yes,
that
is
possible
in
the
current
fiscal
year
that
would
lower
the
amount
that
we
would
allocate
to
any
project
or
projects
that
would
be
funded
through
this
allocation.
That
being
said,
we
are
planning,
if
I
can
just
give
a
highlight
of
the
fy
22
budget.
I
With
the
permission
of
the
mayor,
we
are
going
to
be
bringing
forward
a
package
for
an
additional
a
staff
person.
We
have
worked
with
alex
ladd
and
understand
director
led's,
a
commitment
and
her
staff's
commitment,
but
that
also
any
additional
allocation
of
this
nature
of
this
magnitude
would
require
additional
staff
to
support
the
allocation
process.
So
we
look
forward
to
presenting
that
to
you
in
april.
F
That's
great
news
because
I
think
that
will
really
help
the
team
and
just
the
ability
to
think
beyond
just
what
we
currently
do
just
to
be
able
to
be
innovative
and
think
you
know
to
be
able
to
have
this
the
space
to
to
not
just
do
push
papers
as
probably
alexander,
and
knows
what
I'm
talking
about.
F
The
other
thing
I
wanted
to
mention
with
the
memo
it
was.
It
was
very
helpful
and
thorough.
I
think
the
one
thing
I
would
add
is
that.
F
For
one
just
to
make
it
clear
that
the
affordable
housing
staff
is
part
of
the
allocation
process
of
the
1.2,
but
it's
also
the
community
development
commission,
and
that
should
be
noted
in
the
memo
at
the
beginning
and
then
also
just
to
to
expand
what
has
increased
or
supported
our
efforts
in
housing.
Is
it
the
priorities
that
were
made
on
the
community
development
commission,
how
we
allocated
cdbg
funds
and
affordable
housing,
trust
funds
and
really
prioritizing
rental
assistance,
rehabilitation
of
existing
homes,
the
support
for
homelessness
and
also
down
payment
assessment
assistance
for
working-class
families?
F
I
think
those
pieces
were
another
like
important
piece
to
highlight
other
than
all
the
other
things
that
were
listed.
So
just
a
note,
there
is
a
there
is
a
piece
to
that
body
that
does
support
what
we've
done
to
support,
affordable
housing,
and
the
other
thing
I
wanted
to
ask
alex
is
we
we
listed
the
change
in
our
fee
in
lieu
of,
and
I
think
I'd
asked
this
before
in
another
meeting.
F
I
was
trying
to
understand
what
was
it
the
change
of
the
of
that
particular
ordinance,
or
was
it
actually
just
the
the
explosion
of
construction
and
that
it
was
actually
increasing
and
and
that
increased
our
fee
in
lieu
of?
So
I
guess
I'm
just
asking:
was
it
the
changes
we
made
to
the
fee
and
lieu
of
organize
or
ordinance,
or
was
it
just
the
fact
that
we
had
a
lot
of
exponential
growth
and
construction
happening.
L
Tara
beta
councillor
via
real.
It
is
my
belief
that
changing
the
ordinance
to
allow
the
fee
in
lieu
of
is
what
created
the
revenue
stream
that
we
have
now,
which,
of
course,
to
to
all
the
points
that
have
been
made
is
not
reliable
because
it
relies
on
development
activity,
and
we
can't
predict
necessarily
how
that's
going
to
go.
G
Thank
you,
mr
I
got
the
beginning
of
it
so
knew
it
was
me,
but
I
just
you
know
similar
to
what
councilwoman
romero
worth
mentioned
about
how
important
it
is
that
we
put
these
dollars
in
there.
While
we
take
the
time
to
really
look
at
smart,
well
thought
out
policy
for
how
we
continually
fund
this.
My
question
is
my
understanding
as
I'm
reading
this.
This
is
for
the
current
fiscal
year,
so
fy21,
and
as
long
as
we
are
talking
about
previews
of
the
fy
22
budget.
G
If
I
may,
I
think
that
one
of
the
the
pieces
I've
heard
really
loud
and
clear
talking
with
people
about
the
affordable
housing
trust
fund,
is
the
need
for
consistency
and
then-
and
we've
already
talked
about
this-
the
need
to
know
that
there's
going
to
be
dollars
in
there,
so
that
it
aligns,
with
some
of
the
other
funding
cycles,
that
affordable
housing
developers
and
nonprofits
and
individuals
working
in
this
field
would
be
able
to
leverage
with
these
this
money.
G
I
Mr
chair
counselor,
I
can
take
that
and
then
I'll
defer
to
the
mayor.
The
short
answer
is
yes.
This
is
part
of
our
financial
plan
for
fy22.
Mr
mayor,
would
you
like
to
add
in.
O
Thank
you
and
thank
you
for
the
question.
It
really
is
the
right
question
to
ask,
because
a
one-time
investment
isn't
an
investment,
it's
a
spot,
it's
a
spot
expenditure,
and
so
as-
and
it's
also
relevant
to
the
presentation
you
just
had
from
dr
white
and
from
mary
and
brad.
O
One
item
that's
been
talked
about
a
lot
and
that
I
think
is
beginning
to
take
shape
is
taking
a
measure
to
the
voters.
That
would
become
a
recurring
source
of
funding
through
a
bond
issue,
and
I
think
there
is
growing
support
for
that
in
the
community.
O
We
will
have
two
years
in
a
row
where
we
can
take
the
three
million
dollar
platform
as
something
that
people
can
depend
on
and
then
have
a
predictable
stream
of
revenue
beyond
that,
based
on
other
sources,
in
addition
to
the
possibility
of
general
fund,
but
going
to
the
taxpayers
for
a
vote
going
to
diverting
funds
from
other
new
sources
of
revenue,
whether
it's
a
cannabis
legalization
regulation
and
taxation,
source
or
other
things
that
we
want
to
consider
among
ourselves.
G
Wonderful,
thank
you.
Thank
you,
mary,
and
thank
you,
mr
mayor,
for
for
that
response.
You
know.
I
really
I
said
this
before
when
we
had
this
conversation
about
short-term
rental
grt.
Is
that
I
think
this
is
really
the
right
way
to
do
this,
to
make
sure
that
we
are
putting
in
the
dollars
that
need
to
go
there
to
make
sure
that
we
are
putting
in
this
guarantee
and
that
we,
as
a
governing
body,
really
take
the
time
to
do
the
legwork,
because
this
is
such
an
important
fund.
G
This
is
such
an
important
component
for
our
city.
We
know
that
affordable
housing
is
I.
I
don't
think
that
we
have
a
single
meeting
where
we
do
not
discuss
it
at
this
point,
and
so
I'm
very
happy
to
see
this,
I'm
very
relieved
to
hear
that
this
is
a
a
commitment
that
we
are
making.
While
we
continue
to
figure
out
what
what
that
permanent
streaming
fund
is
going
to
be,
and
that
three
million
is
a
floor
and
that
you
know
really
other
things
are
are
not
going
to.
G
You
know
we're
not
gonna
get
to
three
million
and
then
stop
putting
dollars
in
there
that
we
really
recognize
the
need
and
at
the
same
time,
that
we
also
think
about
not
just
how
are
we
funding
this,
but
what
are
our
strategies
as
a
city
for
affordable
housing?
So
I
do
see
that
the
work
plan
is,
you
know,
going
to
be
introduced
today.
I'm
very
excited
to
hear
more
about
it
and
read
that,
but
that's
something
that
I
want
to
make
sure
that
we
keep
our
fingers
on
the
pulse
of
that.
G
It's
not
just
right,
here's
dollars
and
then
goes
to
how
do
we
spend
them?
How
do
we
plan?
How
do
we
make
sure
that
we
are
not
just
plopping,
affordable
housing
in
certain
parts
of
the
city,
but
that
we
are
planning
what
our
communities
look
like
to
make
sure
that
they
are
inclusive
and
that
there
really
is
quality
of
life
for
every
single
resident
in
our
community?
So
I'm
I'm
excited
to
see
this
and
we
still
have
so
much
more
work
to
do
and
I'm
really
excited
to
get
going
with
it.
A
Okay,
anything
else
from
the
committee,
mr
chair
move
to
approve.
Okay,
we
have
a
motion.
Is
there
a
second.
E
A
Okay,
counselor
garcia,
councilwoman,
v
hill
koppler
and
mayor
webber.
Before
I
call
for
the
vote,
are
there
any
comments
or
questions
that
you
have
counselor
garcia.
N
Thank
you,
mr
chair,
and
I'm
just
thankful
that
we're
finally,
at
this
place,
where
we
are
investing
in,
I
think
that's
where
I
disagree
with
the
mayor,
whether
it's
a
one-time
investment
or
a
long-term
investment,
it's
an
investment
and
if
we
we
can't
look
at
it
from
that
perspective,
because
then
we
look
at
santa
fe
suites
as
not
an
investment
to
the
community,
and
ultimately
I
think
that
is
an
investment.
N
N
My
kids,
my
kids,
kids,
anybody
else
that
wants
to
come
and
live
here
in
santa
fe,
the
folks
that
work
here,
we're
investing
in
our
community
to
say,
you're
a
part
of
us
you're
here
we
we
invest
in
you,
so
so
I'm
just
thankful
that
we're
we're.
Finally,
at
this
place,
I
know
that
some
of
my
colleagues
have
differing
opinions
in
regards
to
how
much
we
should
invest.
N
You
know,
should
we
invest
the
full
3
million,
because
there
was
there
was
some
concern
about
the
capacity
and
I'm
sure
that
that
was
determining
decisions
and
I'm
I'm
thankful.
Some
of
my
colleagues
switch
their
their
decisions
and
understand
that
we
can
invest
and
build
capacity.
At
the
same
time,
we
can
walk
and
chew
gum.
We
can
support
our
community
and
grow
affordable
housing.
At
the
same
time,
I
guess
my
question
is
given
that
this
is
a
a
change
in
budget.
Usually
there
isn't
a
sponsor
from
the
governing
body,
usually
it's
just
staff.
N
I
Mr
chair
counselor,
garcia,
I'd
like
to
take
that
technical
question
to
our
legal
counsel
to
see
how
she
would
advise
us.
I
do
believe
that
each
of
the
members
will
be
able
to
vote
on
this.
Therefore,
you
know
either
endorsing
or
not
endorsing
their
support
for
this
as
we
move
forward,
but
I
will
take
your
question
to
our
legal
counsel.
A
Yes,
councilwoman
romero.
I.
D
There
might
be
some
confusion,
nobody's
sponsoring
the
the
budget.
The
item
8a
the
budget
adjustment
request.
It
is
just
a
budget
request
adjust.
I
think
we
show
our
support
by
voting
for
it,
and
I
only
pulled
it
tonight
to
make
some
comments
about
it,
but
nobody
it's
it's
a
recommendation
from
the
staff
and
our
management
team
that
we
that,
because
our
revenues
are
better
than
expected,
this
is
one
way
we
can
use
it
and,
to
your
point,
have
lasting
effect
for
the
future.
D
So
I'm
not
sponsoring
it,
and
it
is
not
a
thing
that
we
sponsor.
N
Yes-
and
I
guess
I
asked
the
question
because
I
do
see
the
mayor's
name
here
as
a
what
would
be
as
a
sponsor,
so
that
that's
why
I
asked
the
question,
because
it's
here
listed
where
usually
just
staff's
name
is-
and
I
thought
he
was
sponsoring
it,
and
so
I
said
hey,
I
want
to
throw
my
support
behind
this
as
well
and
and
do
the
do
the
sponsorship.
So
if
governing
body
members
don't
have
the
authority
to
sponsor
them,
maybe
a
correction
to
future
agendas
should
be
made
with
that.
N
No
other
questions,
I'm
just
glad
that
we're.
Finally,
at
this
place,
where
we
are
taking
investing
in
our
affordable
housing
trust
fund
seriously
and
we're
committed
to
really
figuring
out
how
we're
going
to
put
commit
long-term,
sustainable
resources
to
this,
because
this
is
something
that
we
need
to
ensure
that
lives
generations.
This
is
not
a
fund
that
is
going
to
go
for
10
years,
15
years,
20
years.
This
is
something
that
has
to
live
sustainably
throughout
the
entire
lifespan
of
the
city,
no
matter
whatever.
It
is
with
that.
N
I
just
thankful
for
this
and
thankful
that
we're
able
to
make
this
this
commitment
to
the
trust
fund
happen.
Thank
you,
mr
chair.
A
Okay,
thank
you.
Councilwoman
vihil,
koppler,.
C
Thank
you,
mr
chair.
I
I
want
to
dovetail
on
councillor
garcia's,
point
and
state
that
I
I
find
it
unusual
for
this
amount
of
money
to
have
been
written
up
as
without
a
resolution,
and
I
know
that
there's
been
several
instances
where
counselor
garcia
has
asked
for
a
special
session
or
work
session
to
discuss
as
a
group.
C
What
all
of
us
can
work
together
on
as
a
team
to
approach,
affordable
housing-
and
I
see
this-
as
you
know,
a
good,
very
good
component
of
that.
But
I
I
it
kind
of
struck
me
as
being
unusual
because
I've
never
seen
this
quite
I've,
never
seen
this
amount
of
money
and
I've
double
checked.
C
But
it
would
seem
like
a
very
good
opportunity
to
present
a
united
front
from
the
governing
body
and
express
and
expose
some
leadership
whereby
this
was
something
that
we
all
got
to
express
our
support.
I
agree
we
have
a
vote
that
night,
but
it's
a
little
different
there's
a
little
nuance
here
and
in
addition,
because
it's
a
bar
and
without
a
resolution
we
don't
have
an
fir
to
really
discuss
and
analyze
where,
where
what?
C
What
is
the
city
taking
from
so
to
speak
or
what
other
priorities
such
as
those
expressed
by
councillor
via
all,
what?
What
are?
What
are
we
recognizing
that
we
are
willing
to
prioritize
this
over
other
things,
which
I
think
is
very
much
a
priority.
C
So
you
know
I
see
this
as
as
something
that
maybe
we
could
have
all
worked
together
on
as
a
team
and
I'm
hopeful
that
we
can
get
somewhere
with
regard
to
councillor
garcia's
request,
which
I
think
he's
made
at
two
different
council
meetings,
where
we
can
work
as
a
team
and
discuss
this
major
issue
rather
than
than
one
member
of
the
governing
body
coming
forth
without
regard
to
others
showing
major
support,
which
is
what
you
do
when
you
sponsor
and
co-sponsor
and
so
I'll
I'll
save
any
questions
I
have
because
I
know
I
know
this
is
going
to
be
heard
at
public
works
and
then
once
again
at
at
the
council
meeting.
C
But
before
I
sign
off.
I
would
like
to
recognize
also
that
today
is
counselor
garcia's
birthday
and
he
was
very
quiet
about
this.
So
I
need
to
recognize
for
the
whole
world
that
he
is
turning
one
year
older
and
glad
it's
him
and
not
me.
Thank
you.
A
All
right,
happy
birthday,
counselor,
garcia,
okay.
So
before
I
call
for
the
question
mayor.
O
I
would
share
birthday:
greetings
for
counselor.
Garcia
did
not
realize
that
he
and
mary
mccoy
are
birthday
twins
today,
so
that's
very
special
for
for
the
governing
body
to
have
that
kind
of
representation.
Tonight.
Congratulations
to
both
of
you.
That's
super.
I.
I
think
this
is
a
really
significant
step
forward.
I
think
we've
been
working
for
three
years
steadily
on
a
housing
agenda.
It
was
first
put
forward
by
mike
lofton
and
the
group
that
he
co-chaired
as
a
transition
team.
O
In
fact,
there
was
an
article
in
a
national
publication
in
a
last
couple
weeks
that
cite
santa
fe
is
one
of
the
few
cities
that
has
successfully
prevented
a
covet
outbreak
among
a
homeless
population.
That's
a
part
of
our
housing
agenda.
It's
a
it's!
A
combination
of
social
services
and
housing
put
together
the
same
applies
to
the
purchase
of
santa
fe
suites,
which
was
probably
the
single
most
significant
step
toward
providing
affordable
housing
that
the
city's
ever
done
in
one
one
increment,
and
now
we
take
another
giant
step
forward.
O
As
has
been
noted,
it's
a
three
to
one
leverage
on
the
dollars
that
we're
putting
forward
so
a
three
million
dollar
affordable
housing
trust
fund
allocation
is
a
nine
million
dollar,
affordable
housing
commitment
and
it
needs
to
be
sustained
over
time.
It
cannot
be
a
one-time
deal.
It's
got
to
be
something
that
we
are
combined
to
address
as
a
city
recognizing
that
housing
is
fundamental.
O
It
is
one
of
the
fundamental
basic
components
of
health,
but
it's
also
one
of
the
fundamental
components
of
a
community
where
people
want
to
live
and
have
their
families
live
in
the
future,
and
I
think
it's
phenomenal
to
have
the
support
for
this.
I
think
it's
great
a
great
sign
of
fiscal
planning
and
fiscal
oversight
that,
as
we
come
out
of
kovid
19,
which
nobody
could
have
predicted
with
any
certainty.
O
As
we
come
out
of
a
process
where
we
had
a
white
house
previously,
that
was
unwilling
to
put
any
money
to
cities
directly
and
now
we
are
fortunate
enough
to
have
a
white
house
that
is
directly
providing
assistance
to
cities
that
we're
in
a
whole
different
circumstance,
and
because
of
that,
we
can
take
the
step
that
we're
able
to
take
toward
addressing
the
affordable
housing
trust
fund,
and
there
is
a
companion
resolution
that
will
be
brought
forward
next,
which
speaks
to
many
of
these
other
questions
about.
How
do
we
build
a
strategy
that
is
comprehensive?
O
How
do
we
make
sure
there
is
participation
by
all
members
of
the
governing
body
at
a
work
session?
How
do
we
use
the
committee
system
so
that
people
become
subject
matter
experts
and
become
in-depth
in
their
knowledge
of
housing
and
the
many
elements
that
go
into
housing
and
then
how
do
we
make
sure
there
are
wrap-around
services
and
social
policies
that
support
housing
and
what
is
our
larger
vision
for
a
sustainable
livable
and
growth,
well-managed
santa
fe
in
the
future?
So
I
think
it's
a
great
giant
step
forward.
O
A
Okay,
councilman
virael,
you've
had
your
hand
up,
I
don't
know,
if
that's
an
old
hand
or
no.
F
It's
a
current
hen,
just
a
thank
you,
mr
chair,
just
a
clarification
on
the
bar,
and
so
we
understand
it
because
I
feel
like
sometimes
these
bars
are
very
hard
to
dissect.
Can
staff
explain
what
the
expenditure
is?
It
says
1.8
is
coming
from
subsidy
payments?
I
Mr
chair
counselor,
yes,
let
me
pull
it
up.
In
short,
on
the
revenue
side,
we
have
1.8
million.
1.5
million
is
coming
from
additional
grt
revenue
that
we
outlined
in
the
present
in
the
first
presentation
this
evening.
Additionally,
we
are
allocating
300
000
from
the
affordable
housing
trust
fund,
so
that
brings
it
up
to
1.8
million
the
expenditures
that
is
the
the
subsidy
reference
that
you
just
made
is
the
account
code
that
we
use
on
our
chart
of
accounts
for
these
expenses.
I
So
it's
essentially
a
grant
a
money
going
out
the
door
from
the
city
to
some
of
the
non-profit
organizations
or
some
of
the
other
recipients
of
the
award.
Those
contracts
will
be
coming
to
you
for
the
1.2
million
that
that
you
referenced
earlier
that
had
already
been
allocated.
Those
will
be
coming
forward
to
the
governing
body
for
approval
now
in
the
spring
now
in
april,
and
possibly
may
for
allocation
as
well.
F
I
The
expenditure
is
the
1.8
million
total
that's
the
top
line
and
then
the
transfer
from
the
affordable
housing
trust
fund.
We
have
to
account
for
that
transfer
as
well,
as
I
mentioned
earlier,
from
the
general
fund,
into
the
affordable
housing
trust
fund
and
on
the
expense
side,
are
on
the
revenue
side
as
well.
The
transfer
to
the
affordable
housing
trust
fund
from
the
general
fund.
I
You
see
that
both
as
an
expense
and
as
a
revenue,
the
offset
and
then
the
general
fund
grt,
that
is
showing
the
amount
of
increase
for
the
grt
that
we
are
anticipating
be
allocated
to
this
amount
and
again
that
was
outlined
in
the
presentation
earlier
and
then
that
300
000
is
the
amount,
as
you
can
tell
from
the
box
on
the
very
bottom
for
fund
240.
I
E
Really
quickly
in
talking
about
sizable
bars
during
a
fiscal
year,
which
I
know
that
counselor
v
hill
koppler
was
asking
about,
I
seem
to
remember
that
we
did
that
a
very
sizable
one
in
a
mid-year
for
the
midtown,
but
I'm
not
sure
mary.
Can
you
shed
any
light
on
that
that
we
have
done
this
before.
I
Mr
chair
council,
larry
lindell,
yes,
you
are
correct.
Your
memory
serves
you
well,
I
believe
it
was
two
years
ago
we
did
a
very.
We
did
a
mid-year
budget
so
around.
I
believe
it
was
february
or
march
we
did
allocate
additional
expenditures,
for
you
are
correct.
Midtown
was
one
of
the
larger
ones
at
that
time.
I
That
was
the
first
year
that
the
city
had
assumed
responsibility
for
the
midtown
assets
and
there,
if
you
recall
that
winter
there
was
a
few
pipes
that
froze
and
burst
and
we
had
to
allocate
additional
expenses
to
midtown,
so
that
was
one
of
the
larger
ones.
We
did
bring
forward
a
few
other
items
that
were
sizable
via
a
budget
adjustment
resolution.
As
part
of
that
mid-year
budget
review,
you
are
correct,
counselor.
A
F
Question
for
staff:
this
is
a
separate
amount
of
funding
that
we
have
to
support
parks,
maintenance
et
cetera
and
medians,
and
this
is
separate
from
the
funding
that
we
have
discussed.
F
I
Mr
chair
counselor,
via
royale,
you
are
correct.
There
are
two
different
allocations.
The
allocation
that
regina
and
her
team
have
discussed
briefly
is
a
need
for
an
interim
package,
a
capital
improvement
package
for
the
city
to
address,
deferred
maintenance
and
some
priorities
around
town
and
various
in
all
the
council
districts.
That
being
said,
these
are
operating
costs,
so
these
are
being
allocated
in
the
current
fiscal
year
for
use
before
june.
I
30Th
again,
we
talked
in
our
presentation
earlier
about
that
june,
30th
july
1st,
a
timeline
being
a
an
accounting
timeline,
a
really
artificial
for
our
purp
for
our
spring
and
summer
services
that
we
have
throughout
the
city.
So
this
is
a
great
example
of
the
work
that
we've
been
doing
over
the
prior
weeks
to
to
work
with
melissa
and
regina
to
put
together
this
package
for
what
would
be
the
best
use
of
these
additional
revenue
in
the
spring
season.
H
Yes,
chairman
of
beta
counselors
as
mary
described,
these
are
operational
funds
that
we
need
to
keep
up
on
in
terms
of
deferred
maintenance.
This
is
based
on
plans
that
we
had
in
place.
Some
of
this
work
was
put
on
hold
because
of
reduced
funding
due
to
covid,
and
so
since
we
have
some
additional
funds
that
are
showing
up.
We
are
really
happy
to
be
part
of
the
good
news
of
this
recovery
so
that
we
can
utilize
these
funds
to
to
service
our
constituents.
H
So
all
of
these
items
are
immediate
things
that
we're
in
need
of
that
our
constituents
demand
of
of
our
city,
and
I
think
that
we
can
do
a
great
job
with
these
funds.
F
Right,
I
was
waiting
to
see
if
regina
was
gonna
present,
but
thank
you
melissa
and
I
know
we
talked
about
the
weed
prevention
plan.
The
the
bulk
of
this
is
for
weed
prevention,
to
support,
weed
removal
within
medians
rights,
away,
parkland
and
replacement
of
gravel
bark
weed
barriers
etc,
which
is
great,
and
I'm
just
wondering
this
amount.
Does
this
give?
Do
you
all
have
like
a
an
actual
number
of
how
many
medians
and
rights
away?
This
would
cover
this
amount.
H
The
chairman
of
beta
counselors,
one
can
never
know
how
fast
weeds
will
grow.
So
that's
a
difficult
question
to
ask.
Although
there
has
been
some
accounting
of
the
medians,
and
this
will
do
a
significant
amount
of
medians
in
the
fact
that
I
would
say
that
we
can
make
a
pretty
huge
dent
in
a
our
major
arterials,
some
of
the
srios
road
airport.
H
Rodeo
road,
the
areas
that
are
most
populated
by
weeds
and
people
are
concerned
about
exact
number
is
a
little
hard
to
come
by,
but
I
would
say
that
it
would
be
substantial.
H
F
Great
that's
great
to
know,
and
then
the
combination
of
the
other
amount
that
we
had
the
grt
for
capital
improvements.
There
was
a
piece
of
that
that
also
was
supposed
to
go
towards
medians,
so
I'm
hoping
that
this
amount
and
that
amount
combined
can
cover
us
wholly
across
the
city.
Is
that
what
you're,
anticipating.
H
Chairman
of
beta
and
counselors,
this
will
get
us
pretty
far
in
that.
You
may
recall
that
when
we
did
a
legislative
request,
it
was
at
1.5
million,
so
it's
not
entirely
there,
but
I
think
that
this
would
be
substantial.
I
think
we're
going
to
see
huge
improvements
and
I'm
very
excited
about
the
potential
that
we
might
get
additional
funds
to
to
actually
do
long-standing
changes
beyond
just
removing
weeds.
A
Yes,
okay,
so
that
item
has
been
approved
that
moves
us
to
item
d,
which
is
a
request
for
approval
of
sole
source
purchase
of
eod
robot
from
northrup
grumman,
remote
tech,
inc
for
305
thousand
and
one
dollars
of
funds.
A
hundred
percent
reimbursable
from
the
2019
state,
homeland
security
grant
program,
new
mexico
department
of
homeland
security
and
emergency
management
councilwoman
via
rael.
F
Thank
you,
mr
chair.
I
asked
the
majority
of
my
questions
in
the
quality
of
life
committee
and
it
was
helpful.
The
follow-up
that
chief
padilla
provided
for
us
with
the
eod
calls
for
service
for
the
robot,
that's
no
longer
functional,
so
that
was
helpful
from
2004
he
listed.
There
was
a
gap
of
a
time
frame
that
you
didn't
have
data,
but
I
think
overall
it
was
helpful
to
know
what
the
utilization
of
the
robot,
as
well
as
the
the
maintenance
and
repair
costs,
and
the
only
follow-up
question
I
had
was
about
the
second.
F
So
there's
two
robots
one.
That's
from
my
understanding,
there's
two
robots,
one
that
is
not
functional
at
all
and
the
other
one
that's
still
functional
and
then
we're
adding
a
new
robot.
So
I'm
not
sure
who's
on
to
answer
any
questions.
I
just
wanted
to
ask
a
follow-up
question
about
the
functionality
of
the
second
robot,
not
the
new
one
that
you're
requesting,
but
the
one
that's
still
functional.
M
P
So
the
robot,
that's
currently
operational
is
a
support
robot,
so
it
can
do
scout
work.
It
can
move
light
items,
but
the
robot
we're
looking
to
purchase,
which
replaces
the
robot
that's
not
operational,
is
an
f6
robot
so
by
the
fbi
standards.
In
order
to
maintain
a
team,
it
can
do
certain
functionalities,
such
as
the
deployment
of
a
pan
disrupter.
So
if
there
is
a
device,
that's
in
either
a
container
or
a
vessel
that
pad
disrupter,
which
is
like
a
high
pressure.
P
Water
stream
that
strikes
out
that
thing
can
disrupt
that
device
to
either
stop
the
item
from
being
a
threat
or
to
move
parts
of
that
vessel.
They
can
do
further
inspection
and
that'd
be
after
they
do
an
x-ray.
So
that's
one
of
the
features
of
that
f6.
Another
thing,
too,
is
its
ability
to
carry
a
payload,
so
the
current
robot
that
is
operational,
does
not
have
the
payload
capacity
as
an
f6,
and
the
s6
is
the
standard
model
that
all
eod
teams
need
to
maintain
in
order
to
be
operational,
got
it.
F
P
Mr
chair
counselor,
video,
that's
correct,
so
the
f6
robot
would
be
the
primary
robot
to
go
and
do
the
work
if
they
need
to
deploy
that
scout
robot,
either
in
a
hasty
deployment
or
to
support
the
secondary
robot
with
providing
a
different
vantage
point,
because
the
way
the
technicians
work
is
remotely
everything
is
remote.
So
they
need
a
different
angle
to
be
able
to
utilize
robot
to
be
precise
and
what
they're
doing.
F
P
P
Council,
we
don't
share
the
robots
with
other
jurisdictions,
but
we
do
assist
with
mutual
aid
requests
from
other
jurisdictions.
So
you
know
from
time
to
time
we
may
get
a
call,
let's
say
up
in
rural
county
at
the
courthouse.
That's
the
last
one
that
comes
to
mind.
For
me.
P
They
contacted
us
for
assistance,
we
checked
with
state
police,
they
were
able
to
handle
that
one,
but
we
also
had
one
from
the
santa
fe
sheriff's
office
up
in
pojoaque,
where
we
had
to
send
our
resources
up
there
and
the
compliment
comes
with
the
technicians
and
the
equipment
to
go
and
mitigate
the
risk.
F
Thank
you
and
I
think
it
was
also
helpful
to
get
information
from
michael
anthony
who's,
a
special
agent
bomb
technician
that
also
sent
us
additional
information,
and
I
guess
the
only
request
I
have
is
moving
forward.
F
It's
very
important
to
track
your
data
and
it
was
helpful
to
have
the
data
you
gave
us
and
so
moving
forward
having
us
know
how
it's
utilized,
how
many
times
in
what
situations
or
if
there's
other
call
outs
from
other
jurisdictions
and
how
we
support
it,
as
well
as
the
maintenance
costs
as
we
move
forward.
It
just
shows
our
due
diligence,
and
so
I
request
that
we
do
that
as
we
move
forward
for
this
next
for
the
new
group
for
the
new
robot.
A
A
Yes,
okay,
so
that
item
passes.
That
brings
us
to
item
f,
which
is
a
request
for
approval
of
street
light
conversion,
contract
with
public
service
company
of
new
mexico
to
convert
pnm
owned
street
lights
and
city
limits
to
leds
for
up
to
four
hundred
twenty
one
thousand
one
hundred
eighty
five
dollars,
including
nmgrt
councilwoman
villarreal.
A
Thank
you,
mr.
F
Chair
just
a
quick
question
for
staff,
I
guess
I
was
under
the
impression
that
when
we
start
converting
the
polls
that
are
owned
by
pnm,
that
we
would
in
turn
then
acquire
those
polls
into
the
future
so
that
we
don't
have
to
have
a
payout
situation
where
anything
that's
fixed
on
their
polls.
We
still
pay
to
the
third
party.
So
can
you
explain
that
to
me
a
little
bit
more.
R
Yes,
chairman
counselor
via
real.
Thank
you
for
that
question.
The
street
lights
are
so
much
more
complex
than
we
might
ever
guessed,
and
jamie
aranda
is
here
from
pnm
and
she
helped
me
answer
because
she
has
become
quite
the
expert
on
street
lights
too
over
the
past
few
months.
So
actually
by
switching
to
leds.
It
is
just
an
incredible
win
for
the
city.
R
We
shift
to
a
different
rate
structure
both
on
our
city,
owned
lights,
as
well
as
on
p
m
own
lights,
and
when
we
shift
to
that
rate
structure,
we
no
longer
pay
p
m
for
maintenance,
not
on
our
lights
and
not
really
on
their
lights.
There's
a
small
fee.
S
Director
wheeler
and
chairman
and
counselor
via
real
for
the
question,
so
most
of
the
pnm
lights
are
also
on
distribution
systems.
So
that's
also,
why
there's
not
really
a
transfer
that's
possible
because
of
that
distribution
system
on
there,
but
a
director
wheeler
is
correct,
the
rate
will
lower
and
there
will
be
no
more
maintenance
cost
to
the
city
of
santa
fe.
I
think
we're
going
to
be
seeing
a
maintenance
agreement
down
the
line
that
will
have
a
lot
more
of
that
information
in
there.
F
Good
to
know
I
mean
we
we'd
like
to
work
with
you,
ms
aranda.
I
was
just
wanting
to
see
how
pnm
would
then
be
out
of
the
picture
so
that
we're
very
autonomous
in
the
like
maintenance
plan
moving
forward.
But
I
understand,
there's
still
going
to
be
a
partnership
with
you
all
because
of
the
infrastructure
you
own
and
that
won't
necessarily
transfer
over
to
us.
S
S
F
F
H
B
Yes,
councillor
viarelle,
yes,
counselor
lindell,
yes,
councillor
romero
worth
yes
and
counselor
beta.
A
E
E
Q
Thank
you
good
evening,
chair,
councilwoman
lindell,
so
there
were
a
couple
of
things
that
happened
around
the
time
that
we
were
initiating
some
of
our
youth
and
family
referrals.
The
biggest
one,
of
course,
was
the
cares,
act
funding
in
addition
to
kind
of
our
very
late
cyfd
and
cyc
funded.
Q
Q
A
N
A
Okay,
so
that
concludes
that
item
passes
and
that
concludes
the
items
that
were
removed
from
the
consent.
Calendar
item
number
eight
are
matters
from
staff.
Ms
mccoy.
I
Mr
chair
counselors,
we
did
postpone
a
the
bond
update
to
april
5th.
I
know
we
had
promised
at
our
first
meeting
in
march
to
have
the
part
two
of
our
bond
series,
but
due
to
the
timing,
the
good
news,
our
cautiously
optimistic
news
around
our
updated
revenue
forecast
and
the
urgency
to
bring
forward
our
budget
adjustments
during
this
meeting,
we
went
ahead
and
postponed
that
so
we'll
look
forward
to
that
bond
update
part
two
in
the
month
of
april.
I
So
that
is
our
only
update
at
this
point.
Thank
you.
A
Okay,
thank
you
matters
from
the
committee
councilwoman
romero
worth.
D
Thank
you,
mr
chair.
As
I
alluded
to,
I
have
two
things
I
wanted
to
introduce
tonight.
One
is
a
resolution
on
behalf
of
the
mayor
establishing
a
work
plan
for
improving
access
to
affordable
housing
opportunities
for
residents
of
the
city
of
santa
fe.
D
I'm
co-sponsoring
that
also
with
you,
mr
chair
and
counselor
garcia,
and
as
we
talked
about
a
little
bit
earlier,
it
does
lay
out
a
work
plan
for
how
we
go
about
evaluating
the
the
ideas
that
have
been
circulating
about
how
we,
how
we
fund
the
affordable
housing
trust
fund
in
a
sustainable
way,
that's
predictable
and
that
we
get
you
know
to
that
three
million
dollar
floor
every
year,
so
that
we
can
plan
for
it.
D
D
It's
kind
of
a
lengthy
title,
an
ordinance
regarding
the
independent
salary
commission
amending
section
16-19.1
sfcc
1987,
to
make
clarifications
amending
section,
6-19,
sfcc
1987,
to
change
the
effective
date
of
the
salary
to
align
with
the
term
of
for
mayor
set
forth
in
the
santa
fe
election
code,
section
9-1,
sfcc
1987
amending
section,
16-19.3
sfcc
1987
to
establish
an
application
process
and
modify
length
of
the
commissioner's
terms
and
amending
section
6-19.4,
sfcc
1987,
to
set
the
future
schedule
for
the
independent
salary
commission
and
again
this
represents,
I
believe,
a
starting
point
for
discussion
about
how
to
address
the
issues
that
have
arisen
with
this
commission.
D
It
is,
we
are
in
a
little
bit
of
a
time
crunch
for
aligning
the
the
this
process
with
our
new
election,
but
we
have
more
time
for
if
we
need
it,
if
we
find
that,
we
need
it
to
find
the
right
way
to
get
this
commission
established.
But
we
do
right
now.
This
process
is
misaligned
because
we
moved
our
elections
from
march
to
november,
and
it's
created
some
issues
so
we're
trying
to
alleviate
that.
D
But
we'll
be
talking
more
about
this
as
it
moves
through
the
process
and
just
wanted
to
get
it
kicked
off
tonight
and
then
finally,
one
other
thing
I
just
want
to
bring
forth.
We
have
we,
we've
been
getting
emails
and
we've
been
talking
about
renewing
our
well.
Actually,
this
is
the
problem.
D
So
we've
been
talking
about
amendments
to
the
joint
powers
agreement
for
the
regional
coalition
of
lanl
communities,
and
I
think
we
all
got
an
email
this
afternoon
from
the
city
attorney
that
I
think
helps
clarify
what
that's
about,
because
we
as
counselors
have
been
getting
emails,
suggesting
that,
if
we
vote
against
the
amendments
to
that
jpa,
we
will
be
removing
the
city
of
santa
fe
from
the
coalition
and
in
fact
that's
not
what
that's
about
what
we're
doing
is
approving
or
disapproving
some
amendments
to
that
joint
powers.
Agreement.
D
D
So
I'm
not
sure
how
that
works,
but
I
think
the
the
really
crucial
thing
is
that
people
understand
that
that,
by
voting
against
those
amendments
we
are
not
removing
the
city
of
santa
fe
from
that
joint
powers,
agreement
and
from
membership
in
the
coalition.
If
that's
something
that
this
community
wants
to
see
done,
there's
there
has
to
be
a
separate
piece
of
legislation
to
do
that,
and
I
I
just
want
to
start
to
make
that
public,
because
I
think
there's
been
some
confusion.
D
So
thank
you,
mr
chair,
for
indulging
me
on
these
things.
I
appreciate
it.
A
Thank
you
any
other
matters
from
the
committee.
A
Nope,
okay,
then
I
don't
have
anything
from
the
chair
other
than
to
tell
mary
sorry.
You
had
to
spend
your
birthday
with
us,
but
it
was
great
of
you
to
do
that
and
I
hope
you
enjoy
the
rest
of
your
evening.
Happy
birthday.
A
M
Q
A
Okay,
so
our
next.
A
Yeah,
I'm
sure,
okay,
so
our
next
meeting
is
monday
april
5th
2021,
with
that
we
are
adjourned.