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HomeMy WebLinkAbout2023-03-27 Finance and Governance MinutesCity of Tukwila City Council Finance & Governance Committee Meeting Minutes March 27, 2023 - 5:30 p.m. - Hybrid Meeting; Duwamish Conference Room & MS Teams Councilmembers Present: Staff Present: I. BUSINESS AGENDA Kathy Hougardy, Acting Chair; De'Sean Quinn, Cynthia Delostrinos Johnson Vicky Carlsen, Tony Cullerton, Brandon Miles, Rachel Bianchi, David Cline, Griffin Lerner A. Financial Considerations - Annexation into the Puget Sound Regional Fire Authority Staff provided an overview of financial considerations, including taxing capacity, of annexation. The current six-year plan does forecast a reduction of City property taxes, yet the details are the responsibility of the 2024 City Council to determine with input from the financial sustainability community advisory group. Committee Recommendation Discussion only. Forward to April 3, 2023 Regular Meeting. B. Capital Facilities Financing Update Staff presented an updated memo reflecting additional information requested by the Committee. Item(s) for follow-up: • Emphasize conditions such as deed restriction on former Fire Station 52 Committee Recommendation Discussion only. MISCELLANEOUS The meeting adjourned at 6:28 p.m. KJH Committee Chair Approval