FSC 2023-12-06 Minutes - Laserfiche WebLink

Browse Search

ell stir n come and p eetaire 1 Seca Brian Murphy welcomed committee members and provided an overview of the agenda. He reviewed the project overview, the concept of financial sustainability, the topics to be discussed in each committee meeting, and the committee's role in relationship to City Council and City staff. The committee will produce principles and recommended directions for financial sustainability. Katherine Goetz shared that some information was revised in the Community Profile document which has been updated on the project webpage. Additional detail was provided about languages spoken in Tukwila, the proportion of residents who identify as Hispanic or Latino, and wages. Corrections were made to housing and income statistics. Community union and 0 :'iriorities Brian shared themes about the City's vision and priorities that are common across the City's planning documents — the Strategic Plan, the Economic Development Strategy, and the Parks, Recreation, and Open Space Plan. These themes reflect a desire for great neighborhoods, opportunity for all residents, a vibrant and diverse economy, and a positive community identity. Brian shared feedback that was received during community outreach for the 2023-2024 budget process. Community members that provided feedback identified public safety, infrastructure maintenance, youth and senior services, and human services as priorities. Committee members noted that the survey results shared do not represent the entire community, as it was an opt -in survey rather than a statistically valid survey. Members also noted the small number of respondents. Committee members noted that many of the top priorities identified during budget outreach resonated with them and what they hear from fellow community members. There was interest in exploring priorities that are further down on the list, not just the top priorities. Some committee members shared a desire for more representative input from the community about priorities. There was discussion about having a balance between collecting additional data and using existing City plans. Financial verview Katherine shared information about the City's finances, focusing on the different types of revenue, property tax rates and collections by sector, rates assessed on businesses, additional revenue tools, and General Fund budget trends. One committee member noted that the business license fee comparison information does not reflect the difference between a flat fee and a per -employee fee. This will be corrected in subsequent materials. Some committee members asked for additional information about staff salaries and policies for setting salary amounts. City of Tukwila Financial Sustainability Plan Committee Meeting #2 Summary Notes i2