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2026-03-05 Council Special PacketEdmonds City Council Agenda March 05, 2026 Page 1 Agenda Edmonds City Council Special Meeting CITY COUNCIL CONFERENCE ROOM 121 5TH AVE NORTH, EDMONDS, WA 98020 ZOOM: HTTPS://ZOOM.US/J/95798484261 PHONE: +1 253 215 8782 MEETING ID: 957 9848 4261 MARCH 05, 2026, 5:00 PM 1.CALL TO ORDER 2.PRESENTATION 1.Presentation of The Mountlake Terrace Fiscal Sustainability Taskforce Results ADJOURNMENT For disability accommodations, materials in alternate formats, accessibility information, or language interpretation/ translation needs, please contact the City Clerk at 425-775-2525 at your earliest opportunity. Providing at least 72-hour notice will help ensure availability. City Council Agenda Item 2.1 March 5, 2026 - Special Meeting TITLE:Presentation of The Mountlake Terrace Fiscal Sustainability Taskforce Results (First Reading) DEPARTMENT:City Council Office PRESENTER:Teresa Simanton NEEDED FROM COUNCIL:Informational RECOMMENDATION:N/A BUDGET: Total Dollar Amount:0 ☐ Approved in Budget Fund(s):N/A ☐ Budget Reallocation Required ☒ No Budget Impact PROBLEM/ISSUE STATEMENT: Mountlake Terrace recently partnered with Baker Tilly, a global financial advisory firm, to work with their Fiscal Sustainability Taskforce made up of local residents, to analyze the city’s current financial situation and create a vision on how to generate a plan for overcoming their current challenges and build a long-term financial stability. CONTEXT, ANALYSIS, & ALTERNATIVES: Mountlake Terrace, similar to most cities in Snohomish County, was facing financial challenges. They formed a Fiscal Sustainability Taskforce with local resident volunteers and then hired Baker Tilly to assist in analyzing the decisions and factors that resulted in their fiscal situation. Baker Tilly worked with the Fiscal Sustainability Task Force to identify changes such as cutting services and new revenue sources, to help Mountlake Terrace create short and long-term plans to move the city out of fiscal crisis mode and into long term sustainability. My Edmonds News (February 7, 2026) featured a story on Mountlake Terrace’s Fiscal Sustainability Taskforce and their process, partnered with Baker Tilly to identify and plan for fiscal correction and sustainability. The article was met with wide ranging positive interest by local Edmonds residents and some city councilmembers. This special meeting is a chance for councilmembers to hear from the Baker Tilly Project Consultants and find out more about the process that they managed with the Mountlake Terrace Fiscal Sustainability Taskforce. There will be a 20 minute presentation, followed by question and answer period. Bios of the Baker Tilly Consultants: Andy Belknap has more than 20 years of local government experience, including service as a city manager, public works director, and in various interim management positions, as well as a consultant to   Item 2.1       Packet pg. 2/85 numerous municipalities and special districts. He specializes in local government financial management and has led numerous projects to address structural fiscal deficits. Andy has served as an expert witness and project manager for several bankruptcy proceedings for municipalities, including the City of San Bernardino, CA, which led to fundamental changes in its governance and operations. As a result this work and his other experience, he is an expert at identifying alternative service delivery arrangements and developing revenues over a broad array of municipal services. Andy is a trained economist with expertise in fiscal analysis and public finance issues. His blend of quantitative skills and a practitioner’s understanding of public services and management systems adds value to all organizational and policy analyses. Matt Bubness brings 20 plus years of experience serving and working for a number of entities across the public sector. At Baker Tilly, Matt specializes in budgeting, financial forecasting, staffing analysis and organizational assessments. Matt has worked with a number of large, complex organizations in managing significant financial pressures. In addition, Matt is a registered municipal advisor. Prior to Baker Tilly, Matt worked at the Government Finance Officers Association (GFOA) leading outreach, engagement and development efforts related to budgeting and strategic planning process improvements. In addition, Matt led the development of best practice guidelines for all types of local governments related to budget monitoring, performance measures and long-term financial planning. Matt also led consulting engagements for local governments primarily related to organizational assessments and process improvements particularly those related to budgeting. Before GFOA, Matt worked for Chicago Public Schools (CPS) and the City Colleges of Chicago. Matt served as the operations and finance director for all special education programming and previously held roles in operating and capital budgeting for CPS. At the start of his career, Matt worked in the municipal bond field – including structuring debt issuances and also as a credit rating analyst. And a sampling of some past clients: Kenmore, WA Loomis, CA Oak Park, IL Oakdale, MN Pleasanton, CA Santa Cruz, CA Winchester, VA   Item 2.1       Packet pg. 3/85 RECOMMENDATION: N/A BUDGET IMPACTS: None ITEM HISTORY: Some city council and local residents have read the My Edmonds News article about the Mountlake Terrace Fiscal Townhall presentation and wanted to learn more about it. ADDITIONAL INFORMATION: ATTACHMENTS: Fiscal Townhall Presentation   Item 2.1       Packet pg. 4/85 Presentation   Item 2.1       Packet pg. 5/85 Agenda •Introduction •Background •Problem •Description of city budget •Long Range Fiscal Sustainability Plan •Description of budget strategies •Overview of FST’s recommended budget packages •Breakout groups •Individual feedback on draft recommendations   Item 2.1       Packet pg. 6/85 Project Team Introductions Carolyn Hope Deputy City Manager Sirke Salminen Finance Director Sienna Spencer-Markles Communications & Engagement Manager Steve Toler Director Michael Perkins Senior Manager Jeff Niten City Manager   Item 2.1       Packet pg. 7/85 Fiscal Sustainability Taskforce 15 community members who represent diverse perspectives: •They have a widespread tenure in the city (2 to >25 years) •Some work within the city •Most own and some rent their homes •Their income levels range from <$50K to >$200K per year •Their ages range from Boomers to Millennials •They are diverse in cultural and ethnic backgrounds •They have a variety of experiences, a few have finance backgrounds, some have a strong volunteer history with the city, and all care deeply about their community. FST Members: Brent Meyer | Charla Vaughan | Clark Morgan | Daniel Luoma | Ellen Lavoie | Eric Nodtvedt Gina Ruelas | Ian Tucker | Jaimee English | Jeannie Kee | Jodie Gunderson | Kendehl Rojanasthien Kerem Onat | Thesvy Cashen | Tshilaba Verite | Councilmember Laura Sonmore   Item 2.1       Packet pg. 8/85 Budget Priorities Strategic Plan Goal: Responsible Governance to Ensure Desired Level of Service Strive for cost efficiency and effectiveness by leveraging city assets to their fullest potential, maintaining transparency and responsiveness in decision-making, and balancing infrastructure maintenance and expansion to support economic development and anticipated population growth. A.Ensure sufficient resources are dedicated to meet desired levels of service in each department. B.Invest in systems and technology to enhance efficiency and minimize risk, ensuring cost effective service delivery. C.Engage the community in evaluating short and long-term options to resolve the operating and capital budget gaps and confirm the desired level of service, while balancing essential services with preparing for growth and private investments. D.Identify efficiencies and opportunities to reduce the cost of government. E.Increase partnerships to leverage city resources, embrace opportunities to collaborate, and improve the city more holistically. F.Maintain public health and safety through police, fire, and emergency preparedness services. G.Continually evaluate ways to improve equitable service delivery to community members with challenges to accessing services or where resources have not been invested recently.   Item 2.1       Packet pg. 9/85 2025 Fiscal Sustainability Plan Report •Provides a clear long-range financial forecast for Mountlake Terrace •Benchmarks the City against peer communities for context •Outlines the structural challenges driving the budget gap •Presents a framework for fiscal sustainability planning •Offers categories of budget strategies to guide discussion •Identifies 22 budget strategies for consideration (without limiting the FST’s imagination!) •Provides sample budget package scenarios Purpose: Support informed decisions about Mountlake Terrace’s financial future   Item 2.1       Packet pg. 10/85 Research for the Plan & FST Discussions BAKER TILLY INTERVIEWS SENIOR STAFF EMPLOYEE SURVEY FISCAL SUSTAINABILITY TASKFORCE   Item 2.1       Packet pg. 11/85 FST & Community Engagement Process FST Prepared Budget Packages Community Engagement FST Learned about City Services & Finances Project Team & FST Present to Council More Community Engagement Prior to Budget Development Sept-Oct 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026 Spring 2026 FST Developed Strategies   Item 2.1       Packet pg. 12/85 BACKGROUND   Item 2.1       Packet pg. 13/85 We have an annual gap in GENERAL FUND, between the revenues and expenditures that averages $4.2 million per year through 2030, and $5.4 million through 2035. Problem #1   Item 2.1       Packet pg. 14/85 Reserves (savings) will fall below minimum reserve goal in 2026 (20%), and will fall below minimum reserve threshold in 2027 (5%), without corrective action. Problem #2   Item 2.1       Packet pg. 15/85 Trends In Revenues & Expenses GENERAL FUND $- $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 2019 2020 2021 2022 2023 2024 2025 2026 GF Revenues Expenditures   Item 2.1       Packet pg. 16/85 CITY BUDGET   Item 2.1       Packet pg. 17/85 How is the budget organized? General Fund Administration Police/ Public Safety Parks and Facilities Management Community Development/ Planning Engineering, Street maintenance Debt Service & Strategic Reserve Funds Special Revenue Fund Street Operations Recreation Other Capital Improvement Funds Parks Streets Facilities Enterprise Funds Stormwater Water Wastewater Internal Service Funds Fleet (vehicles, equipment) Information Technology The general fund does transfer some money to special revenue funds, internal service funds, and capital improvement funds. The general fund and enterprise funds do not exchange money.   Item 2.1       Packet pg. 18/85 What is the General Fund? Administration, $4,851,248 Safety, $8,854,611 Comm/Econ Develop & Engineering, $3,030,175 Property Management, $1,861,191 Parks, $1,504,809 Transfers Out, $3,847,798 Reimbursements from Utilities, $(3,462,411) Property Tax, $3,953,943 Sales Tax, $4,977,760 Utility Taxes, $4,210,606 Gambling Taxes, $1,135,515 Licenses & Permits, $2,985,699 Intergovernmental, $595,952 Charges for Services, $310,121 Miscellaneous, $508,460 Total FY 2025 Revenues: $18.7 million Total FY 2025 Expenditures: $21.3 million   Item 2.1       Packet pg. 19/85 Where can the money come from for Cities in Washington State? MLT Uses Revenue Category Examples/Notes Restricted Property Taxes General levy, lid lifts, voter-approved special levies Sometimes Sales & Use Taxes Basic/optional, housing, public safety, etc.Sometimes Business & Occupation Tax On gross receipts, regulated by ordinance/rate caps Utility Taxes & Fees Taxes on utilities, some subject to state limits Yes Lodging Taxes Tourism promotion, housing near transit Yes Real Estate Excise Tax (REET)Property transfer excise taxes for specific capital/affordable housing uses Yes Impact Fees Paid at time of development for streets, parks Yes State-Shared Revenues Liquor, cannabis, transportation, criminal justice Sometimes Fees/Permits/Charges Development, business licenses, regulatory fees No Other Revenues Fines, investment income, donations, grants Yes   Item 2.1       Packet pg. 20/85 What are our revenue challenges? MLT Uses Revenue Category Structural issues Property Taxes City Council is limited to 1% annual increase by state law Sales & Use Taxes MLT already second highest in state (10.5%) B&O Taxes MLT is working to attract business to increase sales tax revenues, only have one large business Utility Taxes & Fees Subject to state limits, and MLT is on the high end. Lodging Taxes We only have one hotel Real Estate Excise Tax (REET)Unpredictable, used for parks and transportation Impact Fees Unpredictable, used for parks and transportation State-Shared Revenues Predictable but limited (~$500K/yr) Fees/Permits/Charges Unpredictable with economic conditions Other Revenues Not consistent forms of revenue – typically used for one-time projects. Lower revenue amounts.   Item 2.1       Packet pg. 21/85 HOW DID WE GET HERE?   Item 2.1       Packet pg. 22/85 How Did We Get Here?   Item 2.1       Packet pg. 23/85 The Problem is Systemic We are not alone, according to AWC here are statewide trends:   Item 2.1       Packet pg. 24/85 Taxes are limited to 1% Increases without a Vote In 2025, the actual property tax levy was $3,324,507 (this is what the city collected) In 2026, the city can only increase property tax by 1% with a vote of the City Council, which they did. $3,324,507 x 1% = $33,235 The total increased revenues for the city in 2026 is $33,235, which is distributed proportionally across all taxed properties in the city (homes, businesses, etc..).   Item 2.1       Packet pg. 25/85 How your property tax payment is distributed Based on average tax assessed value of homes in MLT - $591,000, total tax bill is $4,707/year $374/ yr + $81 bond for city hall $293 $455 $28 $186 $685 $97 $1,572 $1,390 0 200 400 600 800 1000 1200 1400 1600 1800 County City Hospital Library Fire Transit School District State Schools Dollars Ta x i n g A u t h o r i t y Summary of 2025 Tax Distribution by Taxing Jurisdiction   Item 2.1       Packet pg. 26/85 The Problem is Statewide Association of Washington Cities 2025 Survey   Item 2.1       Packet pg. 27/85 0.5% 9.9% -7.0% 1.7% -7.0% 3.2%4.0% -49.8% -60.0% -50.0% -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 2018 2019 2020 2021 2022 2023 2024 2025 Property Tax Increase, including levy lid lift, new construction, and use of banked capacity CPI Inflation Rate The levy rate has decreased from $1.78 in 2017 to $0.61 in 2023 (or 35%), prior to the RFA annexation. Inflation Property Tax Rate compared to CPI Inflation Rate for Region $1.7M in revenues since 2024   Item 2.1       Packet pg. 28/85 Liability Insurance Costs $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000 2020 2021 2022 2023 2024 2025 2026 2027 Liability Insurance Premium $1,232,621 since 2021 $200K-300K per year   Item 2.1       Packet pg. 29/85 Infrastructure Costs Some general funds support capital projects and street maintenance •Nationally, the Mortenson Cost Index went up 1.2% in the third quarter of 2025 and is up 6.6% compared to a year ago. ​​ •In Seattle, costs rose 0.9% this quarter and 6.6% over the last twelve months. ​ •COVID created supply chain problems that added to costs. •Additionally, tariffs are causing turmoil in the bidding process for construction projects.   Item 2.1       Packet pg. 30/85 Infrastructure Costs Some general funds support capital projects and street maintenance •The general fund often provides some funding to capital programs and the street operations fund to support major maintenance and capital projects. •These costs have increased with higher construction costs and supply chain issues. $450K since 2020 $- $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 2019 2020 2021 2022 2023 2024 2025 2026 Interfund Transfers Street Operations (includes major maintenance)Parks and Facilities CIP Streets CIP   Item 2.1       Packet pg. 31/85 Salary Costs Most job positions were 15+ years overdue for a market rate study 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 10.00 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Comparison of Inflation to COLAs for MLT Workforce Inflation per CPI-U COLA for Police Guild COLA for Teamsters COLA for Non-Reps Pe r c e n t   Item 2.1       Packet pg. 32/85 Salary Costs Most job positions were 15+ years overdue for a market rate study $2,000,000 since 2024 % from Market Average # Job Types At Market 1 Within 5% market 8 5-9.9% below market 1 10-19.9% below market 10 20-29.9% below market 20 30-39.9% below market 4 40-59.9% below market 3 60% or more below market 2 NON-REPRESENTED STAFF MARKET STUDY RESULTSThe market study showed: •81%of non-represented positions were more than 5% from market •Prior to the market study, the city was seeing high turn-over (18 to 32%) and very long times to fill vacancies. The competition from other agencies and the private sector was difficult. •138 non-represented staff were employed at the time of the study, working in 49 job types   Item 2.1       Packet pg. 33/85 The COVID Pandemic $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 2017 2018 2019 2020 2021 2022 2023 2024 2025 (Est) Recreation Revenues COVID-19 Pandemic $550,000 to $850,000/year since 2020 Impact of COVID-19 Pandemic on Recreation Revenues   Item 2.1       Packet pg. 34/85 Costs of Safety 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 2022 2023 2024 2025 Police Court & Jail Services 2023: Reduced OT Budget Police Guild & Teamsters salary increases in 2024 Public defense costs increase $522,000 $522,000/year since 2024   Item 2.1       Packet pg. 35/85 2025 Budget Amendment •In 2025, the city administration caught up on a backlog of annual financial reporting, audits, and developed a new long-range financial forecast. •This revealed that the beginning fund balance for the general fund in 2025 is $8.2M vs the adopted $12.5M. •This depletes the reserves faster than originally anticipated. $4,300,000/year BFB   Item 2.1       Packet pg. 36/85 Summary Annual Changes in the General Fund Year Item Revenue Change Expenditure Change 2024 - present Property Tax -$1,700,000 2021 - 2023 Fire Contract -$3,200,000 2023 - present Liability Insurance $300,000 2020 - present Infrastructure Contributions $450,000 2024 – present Personnel Costs – Non-Represented Staff $2,000,000 2020 - present COVID Impacts on Recreation Subsidy from GF $700,000 2025 - present Safety Costs $522,000 2025 - present Corrected 2025 Beginning Fund Balance -$4,300,000 Total -$6,000,000 $772,000   Item 2.1       Packet pg. 37/85 Fiscal Sustainability Plan Key Points EXPENSES ARE EXCEEDING REVENUES CITY NEEDS A LARGER RESERVE THIS IS SOLVABLE! •Between 2026-2029, the gap is $4M a year. •Post 2030, another $2M per year will be needed. •Reserves could be depleted by 2027. •The current Reserve Fund is 5% of the general fund, but best practice is 20%. •Beyond bridging the gap in the budget, building the reserve is also crucial. •In partnership with the community, the City can make changes. •Requires communication, education, and an understanding of what services the community values.   Item 2.1       Packet pg. 38/85 BUDGET STRATEGIES   Item 2.1       Packet pg. 39/85 Budget Strategy Types REVENUE ENHANCEMENTS •Primary focus on revenue strategies to solve the fiscal gap SERVICE DELIVERY CHANGES •Focus on revenue enhancements with a goal of providing additional resources for capital improvements EXPENDITURE CONTROLS •Blend of revenue enhancements and expenditure reductions to solve the gap attempting to mitigate service level reductions SERVICE REDUCTIONS •Reliant primarily on expenditure reductions with significant cuts to service levels Revenue Enhancements Expenditure Reductions   Item 2.1       Packet pg. 40/85 Evaluating Budget Strategies Factors to Consider Equity Community expectations for services Technical and operational Disruptive impact on service delivery Impact on City organizationEVALUATING STRATEGIES FISCAL IMPACT DIFFICULTY OF IMPLEMENTATION TIMING   Item 2.1       Packet pg. 41/85 Baker Tilly Proposed Budget Strategies Type Title Fiscal impact Expenditures controls Freeze compensation/ benefits for 2 years $400,000Expenditures controls Revise Cost allocation plan $50,000Expenditures controls Elminate Police Command Services Commander $250,000 Expenditures controls Eliminate ERP Redundant Software subscriptions $50,000 Expenditures controls Remove historical budgetary savings areas $150,000 Revenue - Councilmanic Use property tax banked capacity $2,400,000Revenue - Councilmanic Increase TBD License fee to $40 $315,000Revenue - Councilmanic Increase Utility Taxes for solid waste, sewer, stormwater, wastewater $1,200,000 Revenue - Councilmanic Adjust aquatics cost recovery to 100%$350,000 Revenue - Councilmanic Shoreline equipment maintenance revenue $30,000Revenue - Voters General property tax levy lid lift $1,200,000Revenue - Voters Transportation benefit district (TBD) sales tax $835,000Revenue - Voters MPD for recreation programming $2,150,000 Revenue - Voters Utility tax to 8% (electric, gas, telephone, cable)$505,000 Service delivery changes Law enforcement services model TBDService delivery changes Recreation programming to 3rd party $1,000,000Service delivery changes Domestic violence coordinator $100,000 Service delivery changes MPD for parks and recreation services $2,150,000 Service delivery changes MPD for parks and Pavilion facilities $800,000-$1,200,000 Service reductions Reduce GF expenditures by 10%$2,100,000Service reductions City sponsorships/ special events $130,000Service reductions Recreation fund subsidy $450,000   Item 2.1       Packet pg. 42/85 FST Budget Strategy Recommendations No.Description Type Annual Amount FST1 Placemaking and Branding MLT Revenue - Councilmanic $ 2,000,000 FST2 Increase housing density Revenue - Councilmanic $ 2,000,000 FST3 Increased sponsorship/events revenue Revenue - Councilmanic $ 500,000 FST4 Automate Permit & License Processing via AI/Workflow Tool Expenditures controls NA FST5 Expand Events Sponsorship Program Revenue - Councilmanic NA FST6 Citywide Subscription Audit (All Departments)Expenditures controls NA FST7 Update Economic Development Plan Revenue - Councilmanic NA FST8 Sales tax recovery Revenue - Councilmanic NA FST9 Senior Center Building rent Revenue - Councilmanic NA FST10 Code violation fines Revenue - Councilmanic NA FST11 Right of way vegetation maintenance Expenditures controls $ 100,000 FST12 Impose higher tax on empty commercial properties Revenue - Councilmanic NA FST13 Fleet Management Fund efficiency evaluation Expenditures controls $ 125,000 FST14 Proposal #1: Strategic Workforce Realignment & Retention Incentive Expenditures controls NA FST15 Proposal #2: Repurpose Former Casino Sites into Mixed-Use Revenue Engines Revenue - Councilmanic NA FST16 Proposal #3: Explore MLT Church as a Community Arts Anchor Expenditures controls NA   Item 2.1       Packet pg. 43/85 Recommendations Legend/Labels   Item 2.1       Packet pg. 44/85 FST Recommended Budget Packages Budget Strategy Description Type Fiscal Impact Timing CORE STRATEGIES RECOMMENDED 2 Cost allocation plan Expenditure Control $50,000 2026 (1 year) 4 ERP software subscriptions Expenditure Control $50,000 2026 (1 year) 5 Historical budgetary savings areas Expenditure Control $150,000 2026 (1 year) 11 Reduce GF expenditures by 5%Service Reductions $1,000,000 2026 (2 years) 15 TBD sales tax Revenue - Voters $835,000 2028 (1 year) 16 MPD for recreation (city controlled, open to adding others)Revenue - Voters $2,150,000 2030 (2 years) 22 Shoreline equipment maintenance revenue Revenue - Councilmanic $30,000 2027 (2 years) PREFERRED PACKAGE 18 Property tax banked capacity (100%)Revenue - Councilmanic $2,400,000 2027 (2 years) ALTERNATE (SECONDARY) PACKAGE 3 Police Command Services Commander Expenditure Control $250,000 2028 (1 year) 18 Property tax banked capacity (75%)Revenue - Councilmanic $1,800,000 2027 (2 years) 19 TBD license fee increase from $20 to $40 Revenue - Councilmanic $315,000 2027 (1 year)   Item 2.1       Packet pg. 45/85 Recreation Pavilion Costs Background The city owns and operates the Recreation Pavilion, which is 33,000 square feet. Built in 1968 and 4 major additions and remodels. Visits per year on average - 400,000 (pre-pandemic) to 270,000 (2024).Key services: Pool, Dance, Fitness, Childcare, Racquetball, Indoor Playground •The life of the Recreation Pavilion is coming to an end. It is not financially reasonable to renovate the building for a variety of structural and code related reasons. This was decided in 2009 with the Civic Facilities Advisory Taskforce and reinforced with a recent facility assessment by a third party. •The cost to replace the Pavilion with similar amenities may be ~$100M by the time we are able to build. •The city cannot afford to pay for a facility like this on our own. •Over 70% of our users are from other cities.   Item 2.1       Packet pg. 46/85 Recreation Pavilion Replacement Financing Options Property Tax Sales Tax Metropolitan Parks District Bond, typical or 63-20 Tax Exempt Bond Partnerships Donations Grants Other special district   Item 2.1       Packet pg. 47/85 Metropolitan Parks Districts What is a Metropolitan Parks District (MPD)? •An MPD is a junior taxing authority, relying on property taxes. •Approval requires a simple majority vote. •The maximum amount any MPD can levy is $0.75/$1,000 assessed value. •These funds can be used for operations and capital projects. •For more information: mrsc.org/explore- topics/parks/financing/metropolitan-park-districts Geography: •One facility or multiple •One City or multiple jurisdictions Functions: •All parks and recreation areas and services •Just recreation facilities and services •Just parks •Just operations or capital •Both operations and capital Governance: •One city can be the City Council, all elected board members, or a combination •Multiple jurisdictions can be representatives of each governing body, all elected, or a combination.   Item 2.1       Packet pg. 48/85 Metropolitan Parks District Types Considered1 1. City Only •All Recreation & Parks facilities •All programs •All staff •City controlled •Only $24M available for capital projects at same tax rate as partnerships. Impact on General Fund: $2.15M Impact on Residents: $254 - $444 2. Multi-Jurisdiction •All Recreation & Parks facilities •All programs •All staff (could be third party operated) •City can have representation, but not sole control. •Tax to build a new aquatics/recreation facility is spread across sub-region. Impact on General Fund: $2.15M Impact on Residents: $432 3. Multi-Jurisdiction •Aquatics & Recreation Facility •All recreation programs •All recreation staff (could be third party operated) •City can have representation, but not sole control. •Tax to build a new aquatics/recreation facility is spread across sub-region. Impact on General Fund: $800,000 - $1,200,000. Impact on Residents: $200-$432 FST thoughts: This is the FST’s favored option 1 for a City Only MPD; however, they understand that it is not financially viable for rebuilding a recreation pavilion. Open to idea of a multi-jurisdiction MPD if the Recreation Pavilion is located in MLT. Can start smaller and expand MPD over time. This topic will come back to the community for further consideration. Staff generally wanted to understand from the FST, if an MPD is a possibility by 2030.   Item 2.1       Packet pg. 49/85 Recreation Programs HOW ARE RECREATION PROGRAMS OPERATED? •Like a business with a subsidy from the city’s general fund for youth programs. •The city needs to invest in staff, supplies, equipment, facilities and maintenance. •The programs have fees and the fees are expected to cover 80% of the costs. This is referred to as the cost recovery rate. •Sometimes the fees don’t meet the goal and the subsidy is larger. This has been the case since 2020 COVID-19 pandemic; however, we are very close to meeting the 80% goal now. WHY DO WE SUBSIDIZE RECREATION? •Intended to serve those most in need​​. •To provide introductory programs to encourage people to live healthy lifestyles​​. •To provide life safety programs, like learn to swim.​​ •To provide affordable childcare programs.​​ •To build community​ and provide a safe place for our community to congregate.​​ •Recreation fees are approved by City Council annually. To date, there has been a willingness to subsidize key programs to ensure basic needs of our community are met.​   Item 2.1       Packet pg. 50/85 Recreation Programs Finance Model Revenues Expenses Program fees Rentals Concessions General fund subsidy Administrative staff Facility operations Instructors Supplies Administrative expense: marketing, technology, software, insurance $2.6M $750K Estimated Total $3.4M Estimated Total $3.4M   Item 2.1       Packet pg. 51/85 Third Party Operator for Recreation Service Delivery Alternative Impact on General Fund $800,000/ yr Impact on Residents $TBD – May increase fees PROS CONS •Eventual cost savings to the general fund is significant. •Best to evaluate this when a new facility is in place, as we don’t know the lifespan of the current facility. •Requires competition and negotiations with outside contractors. •Fees for programs could increase, pending contract terms. •The city would still be responsible for capital costs. •Loss of control. FST thoughts: In favor of evaluating this model when/if a new facility is constructed. Cost savings could come in the form of: •Personnel •Administrative overhead (training, day to say supplies) Examples of third-party operators: •Swim clubs (Yost Pool) •YMCA (Sammamish, Snoqualmie, etc) •Recreation instructors hired as contractors rather than employees (many cities) •Boys & Girls Club (partially in some Bellevue locations and other cities)   Item 2.1       Packet pg. 52/85 Reduce Subsidy for Recreation Service Level Reductions Impact on General Fund $450,000/ yr Impact on Residents TBD (rec fees potentially) PROS CONS •Improves the general fund balance. •Staff are continually evaluating ways to meet or exceed the cost recovery goal. •New Recreation, Parks and Open Space Plan will be prepared in 2026 and evaluate programs and revenues. •This would require a restructuring of the cost recovery model and approval of Council to adjust programs and fees significantly. •May reduce some programs and/or increase fees. •Council has supported keeping fees affordable and programs available to all. FST thoughts: This will be something to consider further with a new facility and operating model.   Item 2.1       Packet pg. 53/85 Increase Cost Recovery for Aquatics to 100% Revenue Enhancements – Council Approval Required Impact on General Fund $350,000/ yr Impact on Residents $TBD *Fees or Different ProgramsPROSCONS •Improves the general fund balance. •Staff are continually evaluating ways to meet or exceed the cost recovery goal. •New Recreation, Parks and Open Space Plan will be prepared in 2026 and evaluate programs and revenues. •This would require a restructuring of the cost recovery model and approval of Council. •Would need to increase fees. •Council has supported keeping fees affordable and programs available to all especially swim lessons, since it is a life safety skill. •Difficult to meet 100% with facility maintenance costs. FST thoughts: This will be something to consider further with a new facility and operating model.   Item 2.1       Packet pg. 54/85 Eliminate most City Events & Position Service Level Reductions Impact on General Fund $130,000-190,000/ yr Impact on Residents $0 PROS CONS •Help achieve budget goals •Events are strongly desired by the community •Events are part of the City Council’s Economic Development Strategy FST thoughts: Did not favor this option, building up citywide events is important to the community, builds community, creates a sense of safety. Current Events Budget •General Fund Events Logistics Budget - $60,000 •Events Coordinator - $130,000 Events Coordinator Responsibilities: •Earn sponsorship revenues to enhance budget for city run events (currently at $48,500 per year). Active in business community to build relationships. •Develop partnerships with other event producers and encourage them to host events in city. •Plan for and produce all city events, often alone or with some support from maintenance and police staff. •Supports parks and DEI Commission events. •Supports internal staff large meetings and wellness events. •Since 2022, this position added >15 events.   Item 2.1       Packet pg. 55/85 Freeze Compensation & Benefits Time to fill Positions – 2022-23, prior to market study Expenditure Control Impact on General Fund $400,000 for two years Impact on Residents $0 PROS CONS •Could be a short-term solution until a longer term or more technically difficult budget strategy can be implemented. •Short-term solution •Defers compensation for employees who just met market conditions after 15+ years. •Typically use this strategy during short term economic downturns rather than long-term structural imbalances. •This would be difficult to leverage with collective bargaining units. If so, the full savings may not be possible. City staff are paid the average of the market, using a sound analysis involving ten comparable cities that offer comparable services in our region. Position Days to Fill Public Works Director 150 Public Works Operations Mgr 150+ Civil Engineer I 84 Civil Engineer II 300 Permit Specialist 70 Maintenance Aides 222+ Aquatics Coordinator 365+ Clerk I (Rec)258 Lifeguard 365+ Swim Instructor 365+ Permit Specialist 70 FST thoughts: MLT staff already lean, and these actions make it more difficult to attract and retain employees.   Item 2.1       Packet pg. 56/85 Update Internal Cost Allocation Plan The current internal cost allocation plan results in $3.5M general fund reimbursements for items such as: •City Manager’s Office staff •Human Resources •Information Technology Services •Finance staff •Facilities maintenance staff •Building costs Expenditure Control Impact on General Fund $50,000 Impact on Residents $0 PROS CONS •Potentially more cost recovery for the general fund. •It is possible that the revised methodology doesn’t increase revenues to the general fund. FST thoughts: this is something staff plan on evaluating and FST would like to look at the possibility of increased reimbursements to the general fund.   Item 2.1       Packet pg. 57/85 Reduce Software Subscriptions Expenditure Control Impact on General Fund $50,000/ yr Impact on Residents $0 PROS CONS •Cost savings could be within the first year or two, pending contracts. •Eliminate waste if there are un-used licenses or more efficient software or other means of completing the work. •Since the adoption of the 2024 IT Strategic Plan, staff have been evaluating licenses, software platforms and making reductions as needed, so there may not be $50,000 in savings. •Related, staff are implementing the new IT Strategic Plan to add software platforms and create efficiencies for staff. FST thoughts: this is something staff plan on evaluating and FST would like to look at the possibility of increased reimbursements to the general fund. RECENT PROGRESS IN EVALUATING SOFTWARE PLATFORMS Platform Action Tyler Technologies HR Module cost included in ERP system Training occurred, launching in 2026 Tyler Technologies launched Employee Access Module Increased efficiencies for staff and workflow. Replaced e-signature software Evaluating who has duplicate licenses and the needs of the users and eliminating one. Replaced agenda software (Council, Planning Commission) Reduced costs, more efficient for staff and community access to meeting materials   Item 2.1       Packet pg. 58/85 Eliminate Historical Budgetary Savings Expenditure Control Impact on General Fund $150,000/ yr Impact on Residents $0 PROS CONS •Reduce budget without disruption to service provision. •Considerable immediate savings. •There are some areas, like maintenance, where this conservative budget estimating allows staff to respond quickly to issues without having to take weeks to seek council approval for a budget amendment. FST thoughts: This is a reasonable expenditure control to take. Key areas to evaluate for historical budgetary savings include: •Supplies •Contract services •Training •Maintenance   Item 2.1       Packet pg. 59/85 Reduce Expenditures by 5% Service Level Reductions Impact on General Fund $525,000/ yr for two yrs Impact on Residents $0 PROS CONS •Helps achieve budget goals •Removes budgeted, vacant positions from books •Potentially reducing a full- time position in 2027 that will create a gap in service. •The recreation subsidy is hard to predict and is based on use of the programs. May require adjust to fees or programs. •Reduction in professional and contract services puts more work on staff and often eliminates specialized services. FST thoughts: Reduce expenditures by 5% understanding that the city will prioritize core public services. This proposal will reduce the general fund by $525,000 in two phases, which will add up to $1,050,000 annually starting in 2027. Options for service reductions will be vetted with the community during public meetings this Spring, before the 2027-2028 budget process. Initial savings will be made with vacant positions and reductions in contracts and removing the general fund contribution to the Street Construction Fund.   Item 2.1       Packet pg. 60/85 Evaluate Markup for Fleet Maintenance Services with Shoreline Revenue Enhancements – Council Approval Required Impact on General Fund $30,000/ yr Impact on Residents $0 PROS CONS •Contributes to revenues in general fund to cover staffing and overhead costs. •Need to come to an agreement with Shoreline on the proposed change. FST thoughts: this is something staff plan on evaluating and FST would like to look at the possibility of increased reimbursements to the general fund. Partnership with City of Shoreline •MLT provides fleet and equipment maintenance services to the City of Shoreline. The goals is to recover our costs and provide the partner with a much needed, specialized service at a discount compared to the private market. •In 2024, MLT raised the rates to account for significant wage increases and lowered our net revenue to ease Shoreline into the rate increases with the understanding that we would revisit the rates in 2026.   Item 2.1       Packet pg. 61/85 Eliminate a Police Commander Expenditure Control Impact on General Fund $225,000-250,000/ yr Impact on Residents $0 PROS CONS •Cost savings supports the gap and it would be long term. •Eliminating this position would occur when a commander retires, that date is not definite. •Eliminating this position creates a broader span of control for the Chief and remaining Commander to manage 32 staff, and to alternate for on-call emergencies. •Challenges for continuing accreditation with WASPC. FST thoughts: this was a difficult decision and not the favored reduction especially considering the growth of the city and the considerable increase in the span of control. Organizational Chart of Police Department In 2020, one command staff position was eliminated, leaving three – the chief and two commanders. The department has not grown in more than a decade, despite population growth and the urbanization of the city.   Item 2.1       Packet pg. 62/85 Seek New Service Delivery Model for Police Expenditure Control Impact on General Fund $TBD/ yr Impact on Residents $TBD PROS CONS •Potential for cost savings.•No guarantee of cost savings without significant negotiations and analysis. •If contract with others, less focus on our cities law enforcement goals, loss of control, potential reduction in service levels, community feeling disconnected from law enforcement decisions. •Would be a significant issue to bargain with the Police Guild. FST thoughts: Not in favor of this model without knowing more about possible savings. MLT police department is key to feeling safe in our city and an asset to our community. Options to continue evaluating: •Outsourcing law enforcement services to another agency •Providing law enforcement services to other cities •Regional consolidation with other law enforcement agencies Financial benefits of partnerships can be achieved by sharing key services such as shared: •Command staff •Training resources •Specialty services such as evidence, records management, and specialized investigations •Potential for staff to promote easier in a larger organization.   Item 2.1       Packet pg. 63/85 Eliminate Domestic Violence Coordinator Service Delivery Alternative Impact on General Fund $100,000/ yr Impact on Residents $0 PROS CONS •Cost savings supports the gap and it would be long term. •Not a required service. •This is a well used and valued service provided by our police department that directly impacts people’s lives. •While there are non-profit services available, they don’t provide the same types and level of service as this position. FST thoughts: Not in favor of eliminating this critical service. What does the Domestic Violence Coordinator do? •Coordinate cases between the victim, the Police Department, the Prosecuting Attorney’s Office and courts. •Assist in obtaining evidence of alleged crime. •Assess victim’s immediate needs (i.e. safe housing, income, etc.); help victim develop a safety plan; provide information and referral to community resources; and provide information on filing for and obtaining civil protection orders •Make recommendations in court and to the prosecuting attorney regarding no-contact orders •Make charging and sentencing recommendations to the prosecuting attorney and court on behalf of victim. •Community outreach and education on crime-related issues, prevention and training of department personnel relative to crime victim issues or concerns. •Caseload: 365/year, 218 were criminal in nature   Item 2.1       Packet pg. 64/85 Use Banked Capacity for Property Tax Increase Revenue Enhancements – Council Approval Required WHAT IS BANKED CAPACITY? •The county tax assessor determines the total assessed value of all properties in each city and allocates the maximum allowable levy amount (revenues the city can tax for). •If the city doesn’t levy the whole amount, it can be “banked” or saved for future use. •However, this is not how cities typically save money; that is through financial reserves that cities can invest. WHY DO WE HAVE IT? •When the city voted to annex into the fire district, the city stopped collecting the EMS levy (~$1.2M/year) and decided to lower the general levy rate by $1.6M, due to the new fire district tax. •For more information:dor.wa.gov/forms-publications/publications-subject/tax-topics/banked-capacity-qa   Item 2.1       Packet pg. 65/85 Banked Capacity of Property Tax 1% increases per year, then reduction in 2024 $- $1,000,000.00 $2,000,000.00 $3,000,000.00 $4,000,000.00 $5,000,000.00 $6,000,000.00 2019 2020 2021 2022 2023 2024 2025 Regular Levy – Total Property Tax Revenues for City/Year Returned banked capacity Lowered levy, creating banked capacity Levied banked capacity   Item 2.1       Packet pg. 66/85 Use Banked Capacity for Property Tax Increase Revenue Enhancements – Council Approval Required Impact on General Fund Up to +$2,400,000/ yr Impact on Residents Preferred Option – 100%: ~$130 in 2027 and in 2028 Alternate Option – 75%: ~$97 in 2027 and 2028 Per average assessed value home PROS CONS •Major contribution to the general fund. •Does not require a ballot measure. •The general levy rate is low for a full-service city. •Use of banked capacity should be used prior to adding another levy like a levy lid lift or bond measure in the future. •Will raise property taxes. FST thoughts: In favor of using all the banked capacity, as it is less regressive than other taxes and fees. The preferred alternative would phase the increase, 50% per year in 2027 and 2028. The secondary option is to use only 75% of the banked capacity, also phased over two years.   Item 2.1       Packet pg. 67/85 Enact a General Levy Lid Lift Revenue Enhancements – Voter Approval Required Impact on General Fund +$1,200,000/ yr Impact on Residents ~$130 year PROS CONS •This could be an option if an MPD is not viable. •Simple majority needed to pass. •Can be dedicated to maintain key services or general in nature. •Ballot measures are difficult to gain support from voters. •Need to have clear messaging about the rationale and use of the funds. FST thoughts: We can meet the goals with use of the banked capacity and an MPD. LEVY LID LIFTS •This is an increase in property tax (lifting the rate) •Simple majority required of voters •Can be short term or long term or permanent •This option would not be used until all the banked capacity is used   Item 2.1       Packet pg. 68/85 Transportation Benefit District Sales Tax Revenue Enhancements – Voter Approval Required Impact on General Fund +$1,400,000/ yr Impact on Residents $0.03 for every $1 spent PROS CONS •Would remove the $690,000 transfer to the Street Operations Fund from the General Fund. •Adds funds to the Street Operations for additional maintenance activities or capital projects. •This is a new revenue option made available by the state for local jurisdictions. •Sales tax is paid by residents and non-residents. •The City already has the second highest sales tax rate in the state. •This tax expires in 10 years, but could be renewed for capital project use only. FST thoughts: felt this was a better option than other types of fees because both residents and non-residents pay and there is no sales tax on food. Clear how money is used. TBD Sales Tax •The city already formed a TBD. The voters would need to approve the sales tax by a simple majority vote. •A TBD can add up to 0.3% to the local rate; however, the city only receives 0.85% and the county receives 0.15%. •The current sales tax rate is .105% Background •City’s General Fund is currently funding road maintenance of $690,000 per year, plus an additional $145,000 for street construction projects – a total of $835,000   Item 2.1       Packet pg. 69/85 Increase Transportation BenefitDistrict License Fee from $20 to $40 Revenue Enhancements – Council Approval Required Impact on General Fund Up to $470,000/ yr Impact on Residents +$20 for 2 yrs, then $30/yr PROS CONS •This is a councilmanic action. The council can approve an increase up to $40 one year and after two years can raise it to $50. •This would reduce the general fund subsidy to street operations. •Community members are generally not in favor of TBD license fees. •The revenues are restricted to transportation uses. FST thoughts: The FST understands preferred the TBD sales tax over license fees because it generates more money and is less regressive in their minds. However, this is a recommendation in the alternative proposal as there are few revenue sources available to cities. Most cities have kept their TBD license fee lower due to the unpopularity of these fees post Initiative 976 and they are deemed regressive for lower income people who must have vehicles to get to work. However, this is one of few revenue sources for local municipalities. 54 cities implemented a TBD license fee. Most fees are at $20, but some raised the rates to $40-50. Both Lynnwood and Shoreline have TBD license fees of $40. Shoreline also has a TBD sales tax.   Item 2.1       Packet pg. 70/85 Raise Utility Taxes (Electric, Gas, Telephone, Cable) Revenue Enhancements – Voter Approval Required Impact on General Fund +$505,000/ yr Impact on Residents ~$120/yr PROS CONS •Benefits the general fund with steady ongoing revenue •Requires voter approve for taxes above 6% •City already has high utility taxes •Administrative cost of implementation is high FST thoughts: Not in favor of increases utility taxes, as these are essential services, our current tax rates are some of the highest of peer cities.   Item 2.1       Packet pg. 71/85 Increase Utility Taxes (Stormwater, Water, Wastewater, Solid Waste) Revenue Enhancements – Council Approval Required Impact on General Fund Up to +$1,200,000/ yr Impact on Residents $75 to 100/year PROS CONS •Benefits the general fund with steady ongoing revenue •This is a councilmanic decision. •City already has high utility taxes •Administrative cost of implementation is high FST thoughts: Not in favor of increases utility taxes, as these are essential services, our current tax rates are some of the highest of peer cities.   Item 2.1       Packet pg. 72/85 FST RECOMMENDATIONS   Item 2.1       Packet pg. 73/85 FST Preferred Budget Package Budget Strategy Description Type Fiscal Impact Timing 2 Cost allocation plan Expenditure Control $50,000 2026 (1 year) 4 ERP software subscriptions Expenditure Control $50,000 2026 (1 year) 5 Historical budgetary savings areas Expenditure Control $150,000 2026 (1 year) 11 Reduce GF expenditures by 5%Service Reductions $1,000,000 2026 (2 years) 15 TBD sales tax Revenue - Voters $835,000 2028 (1 year) 9 MPD for recreation (city controlled, open to adding others) Revenue - Voters $2,150,000 2030 (2 years) 22 Shoreline equipment maintenance revenue Revenue - Councilmanic $30,000 2027 (2 years) 18 Property tax banked capacity (100%) Revenue - Councilmanic $2,400,000 2027 (2 years)   Item 2.1       Packet pg. 74/85 Preferred Option Impact on Reserves $13.4 $8.2 $5.1 $2.5 $0.4 $0.3 $0.3 $2.1 $3.7 $5.1 $6.2 $6.0 $6.1 $0.0 $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 $16.0 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Mi l l i o n s Updated Year-End Reserves Minimum reserve policy Reserve goal   Item 2.1       Packet pg. 75/85 Preferred Option Impact on Fund Balance $0.8 ($2.7) ($3.1) ($2.5) ($2.2) ($0.1) $0.0 $1.8 $1.6 $1.4 $1.1 ($0.2) $0.0 ($4.0) ($3.0) ($2.0) ($1.0) $0.0 $1.0 $2.0 $3.0 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Mi l l i o n s   Item 2.1       Packet pg. 76/85 FST Alternative Budget Package Budget Strategy Description Type Fiscal Impact Timing 2 Cost allocation plan Expenditure Control $50,000 2026 (1 year) 4 ERP software subscriptions Expenditure Control $50,000 2026 (1 year) 5 Historical budgetary savings areas Expenditure Control $150,000 2026 (1 year) 11 Reduce GF expenditures by 5%Service Reductions $1,000,000 2026 (2 years) 15 TBD sales tax Revenue - Voters $835,000 2028 (1 year) 9 MPD for recreation (city controlled, open to adding others) Revenue - Voters $2,150,000 2030 (2 years) 22 Shoreline equipment maintenance revenue Revenue - Councilmanic $30,000 2027 (2 years) 3 Police Command Services Commander Expenditure Control $250,000 2028 (1 year) 18 Property tax banked capacity (75%)Revenue - Councilmanic $1,800,000 2027 (2 years) 19 TBD license fee increase from $20 to $40 Revenue - Councilmanic $315,000 2027 (1 year)   Item 2.1       Packet pg. 77/85 Alternative Option: Impact on Reserves $13.4 $8.2 $5.1 $2.6 $1.3 $1.2 $1.2 $2.0 $3.5 $4.8 $5.9 $5.6 $5.6 $0.0 $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 $16.0 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Mi l l i o n s Updated Year-End Reserves Minimum reserve policy Reserve goal   Item 2.1       Packet pg. 78/85 Alternative Option: Impact on Fund Balance $0.8 ($2.7) ($3.1) ($2.5) ($1.3) ($0.1)($0.0) $0.8 $1.5 $1.3 $1.0 ($0.2) ($0.0) ($4.0) ($3.0) ($2.0) ($1.0) $0.0 $1.0 $2.0 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Mi l l i o n s   Item 2.1       Packet pg. 79/85 Pros and Cons of Packages PREFERRED PACKAGE Less regressive due to leaning more on property taxes, which don’t affect renters proportionally to homeowners. There is support for a Metropolitan Parks District, which has a big benefit for the general fund. The FST is not in favor of reducing the general fund by 10%, this is considered too drastic for our lean staff and the community members expectations for services. The FST recommended 5% reductions instead. The FST preferers the city-only MPD, which will not cover the cost of replacing the recreation pavilion. The FST is open to partnering with other jurisdictions, with conditions. MLT already has the second highest sales tax in the state, but the TBD sales tax option was considered a better alternative for lower income families, as it comes in smaller increments, both residents and non-residents pay it, and essentials like food are not taxed. ALTERNATIVE PACKAGE Does not use all of the banked capacity (only 75%), which impacts property taxes. Some feel this would be good to save for emerging budget issues in the future. Eliminating the Police Commander position is not an easy choice, many feel we need to maintain police services as we grow in population and with opening of light rail. It also may impact accreditation. More regressive, as it relies more of fees, the TBD license fee.   Item 2.1       Packet pg. 80/85 QUESTIONS?   Item 2.1       Packet pg. 81/85 PROVIDE FEEDBACK &RATE THE PACKAGES   Item 2.1       Packet pg. 82/85 Small Group Discussions •Questions about how we got here? •Questions about the strategies? •Which budget strategies do you favor? •Which budget strategies are you most concerned about? •Which budget package resonates with you the most and why?   Item 2.1       Packet pg. 83/85   Item 2.1       Packet pg. 84/85 THANK YOU!   Item 2.1       Packet pg. 85/85