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The committee asked about the amount of tax-exempt property. This will be addressed in meeting 3. <br />The committee talked about how residential development can contribute to additional revenue. <br />City staff and the consulting team will review these requests and provide more information depending on <br />the availability of data. Some of the additional information requested will be discussed in the next <br />Committee meeting. <br />eetiire CI <br />ose <br />Each committee member shared closing thoughts at the end of the meeting. <br />Consider what the community wants Tukwila to look like in the future. <br />The City should take care of the people in the community, especially those who are most vulnerable. <br />Consider the human side of decisions in addition to data. <br />The focus on principles and the "big picture" and the sharing of different perspectives and options is <br />appreciated. <br />Focus on the fact that two-thirds of property tax revenue comes from commercial property. <br />Look at how to grow the total property base. <br />The City must manage its costs to stay within its budget, much like individuals must do. <br />There is excitement around future conversations about ideas and options. <br />The level of service needs to support residents, businesses, and visitors. <br />Businesses pass taxes on to consumers, so be mindful about the level of taxes/fees levied on <br />businesses. <br />Consider the impacts to seniors in the community. <br />More data would be helpful, especially on housing. <br />There is a balance between affordable and market -rate housing and consider how building only <br />market -rate housing impacts members of the community. <br />People feel accepted in Tukwila and the City should build on that and find ways to bring more <br />people to the City. <br />Consider equity and the ability to pay for city services. Make sure different groups are impacted <br />fairly. <br />It is important to remember that the City is a community, which may be a mindset shift. <br />Brian provided an overview of the agenda for the next meeting. At that meeting, city staff and the <br />consulting team will share more information about City programs and services. <br />The following dates are planned for subsequent meetings in 2024: <br />Tuesday, January 9 <br />Wednesday, February 7 <br />Hop <br />City of Tukwila Financial Sustainability Plan Committee Meeting #2 Summary Notes <br />3 <br />