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Special Call

Thursday, August 12, 2010

9:00 a.m. session

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09:01:59 >>THOMAS SCOTT: We will turn to Gwen Miller.

09:02:03 >> We have a special guest who used to work with the

09:02:06 City of Tampa and she is Miss Bettye Green Johnson,

09:02:14 worked at our utility counter for 36 and a half years.

09:02:18 Betty is still very active as an associate member of

09:02:20 the City of Tampa Black History Committee Incorporated

09:02:23 in which she served as past president.

09:02:25 Betty is married to Don L. Johnson and they are members

09:02:28 of Temple AME Church where she serves as a greeter and

09:02:33 can always be heard singing and will help anyone she

09:02:36 can whenever she can and loves talking about her

09:02:38 grandchildren.

09:02:39 Please stand and remain standing for the pledge of

09:02:41 allegiance.

09:02:42 >> Let us pray.

09:02:51 Most holy one, our father, we give you thanks and

09:02:56 praise for every good and perfect gift.

09:02:58 We thank you for this very day.

09:03:00 We pray for the leadership of the City of Tampa and for

09:03:02 all of the government appointees an elected officials.

09:03:08 We pray for our President of these United States.

09:03:10 We pray, O heavenly father, for the persons living

09:03:15 within the confines of the City of Tampa, doing

09:03:17 business in the City of Tampa.

09:03:18 Let everyone come before council in love and in

09:03:22 harmony.

09:03:22 We pray, father, for those that are less fortunate than

09:03:26 we are.

09:03:28 We are standing on your word.

09:03:31 Bless everybody, O God, because you know what we stand

09:03:34 in need of, and will honor and praise you and all these




09:03:40 blessings we ask in Jesus name.

09:03:45 Amen.

09:03:45 (Pledge of Allegiance)

09:03:52 >>THOMAS SCOTT: Roll call.

09:04:03 >>JOSEPH P. CAETANO: Here.

09:04:06 >>YVONNE CAPIN: Here.

09:04:07 >>GWEN MILLER: Here.

09:04:09 >>MARY MULHERN: Here.

09:04:11 >>CURTIS STOKES: Here.

09:04:12 >>THOMAS SCOTT: Here.

09:04:14 I have a memo from Councilman Miranda:

09:04:17 Please be advised that I will arrive late to the

09:04:19 special called meeting on Thursday, August 12th, 2010

09:04:23 due to a personal matter.

09:04:24 I will be in attendance as soon as I can.

09:04:26 I would appreciate you advising the other council

09:04:29 members and please extend my apologies to the mayor for

09:04:32 missing the first part of the presentation.

09:04:34 Thank you.

09:04:34 This is from Councilman Charlie Miranda.

09:04:37 Council, we are indeed happy to have with us the mayor

09:04:39 of the City of Tampa, the Honorable Pam Iorio.




09:04:43 >>Mayor Pam Iorio: Good morning.

09:04:49 Special greetings to Councilwoman Capin and Councilman

09:04:52 Stokes.

09:04:52 Welcome to city government.

09:04:55 I am very pleased with your appointment.

09:04:57 Council members, this is my 8th and last budget

09:05:02 presentation.

09:05:02 >>GWEN MILLER: And mine, too.

09:05:07 >>Pam Iorio: Yours, too.

09:05:09 It is hard to believe how quickly the time has gone.

09:05:12 And so it is with a little bit of melancholy that I

09:05:17 present your final budget.

09:05:19 You know, I love the city.

09:05:22 I vowed when I became mayor that I would financially

09:05:26 leave it better than I had found it, and that's what

09:05:30 I'm doing.

09:05:31 And I will present that to you today, that the city is

09:05:34 in even better financial shape than it was eight years

09:05:37 ago.

09:05:37 And that's important to me personally, professionally.

09:05:47 Before I start, let me give some thanks.

09:05:49 I have been very, very fortunate not only to work with




09:05:51 good council, because I have had two councils in

09:05:55 different variations on those councils near the end,

09:06:00 but I have just had the best staff to work with.

09:06:05 And I am particularly grateful that my chief financial

09:06:08 officer Bonnie Wise and my chief of staff Darrell Smith

09:06:13 have been as frugal as I am.

09:06:16 They have that same mind-set, that it's the public's

09:06:19 money, and don't spend it unless you need to and be

09:06:22 careful with it.

09:06:23 And I am very, very grateful for that, because if you

09:06:27 don't have people working with you as a team who share

09:06:30 your fiscal philosophy, you just don't get very far.

09:06:35 And then I have had a great partnership with this

09:06:37 council and the one previously.

09:06:41 We have worked so well together, you know.

09:06:43 And going on all those eight years I have never vetoed

09:06:48 anything that's coming from council and I suspect I'll

09:06:51 finish my time on March 31st without any veto and

09:06:54 that's because we have worked out any differences that

09:06:56 we had, arched I really like that kind of government.

09:06:58 I like government that works together.

09:07:01 We need more of that.




09:07:02 We need more of that on the national level.

09:07:04 We need more of that on the state level.

09:07:06 And so this 8th and last budget presentation

09:07:09 presents to you a budget that is $787 million.

09:07:13 It's a balanced budget.

09:07:15 It reflects the needs of our citizens.

09:07:18 It is a 4.4% increase over last year, but that's due to

09:07:23 an increase in capital projects.

09:07:26 The tax operating budget, which is the one we mostly

09:07:29 focus on because tax operating is the ad valorem, it's

09:07:31 the nuts and bolts, what funds police, fire, parks and

09:07:37 rec and all the things our citizens rely on, is 436

09:07:41 million.

09:07:41 That's an increase of 2.8% or $12 million, and those

09:07:46 increases are due to an increase in pension

09:07:49 contribution, which I will get to, some deferred

09:07:53 maintenance.

09:07:53 As you know, we have tried very hard to balance the

09:07:56 budget each year and we have done it successfully but

09:07:59 some of that has been by deferring some maintenance but

09:08:01 after awhile you can't defer anymore.

09:08:03 Vehicle purchases, particularly police vehicles.




09:08:05 We want to make sure our police officers have vehicles

09:08:08 without too many miles on them.

09:08:11 And the ERP, the joint computer modernization between

09:08:15 the city and the county, which is about $8 million.

09:08:20 This is the fourth year of reduced revenues.

09:08:24 It's not been easy, as you know.

09:08:26 But we have been able to balance the budget by

09:08:29 strategically shrinking city government.

09:08:33 This year we faced a $32 million shortfall in balancing

09:08:36 the budget.

09:08:37 You might recall last year we had a $51 million

09:08:40 shortfall.

09:08:41 And how did we eliminate the shortfall?

09:08:43 Well, we do it through reduction in operational

09:08:46 expenses within each department.

09:08:48 This year, we really laid it out for all of our

09:08:52 department, and we said you have got to roll it back.

09:08:55 You have got to take your operational moneys and just

09:08:57 roll 'em back, and they did it.

09:09:00 And they went through line by line, and they rolled

09:09:02 back their operational budgets.

09:09:05 And we continued with the elimination of positions.




09:09:08 This year we eliminated 146 positions.

09:09:11 Of those only 39 were layoffs.

09:09:14 As you know, we have been very careful about layoffs in

09:09:17 city government for the past four years.

09:09:19 The vast majority of our position eliminations have

09:09:21 been vacant.

09:09:24 With every layoff we have given an individual 90 days,

09:09:28 three times what the contract calls for, more than

09:09:30 three times, and we have worked very hard to help

09:09:35 employees find other jobs in city government.

09:09:40 Now, I'm not much on charts and power points and so

09:09:42 forth, but I do have a few charts today.

09:09:45 Bonnie will follow me.

09:09:47 She's the chart meister.

09:09:50 But I have got a few.

09:09:52 And the first one shows the general fund salaries and a

09:09:55 benefits.

09:09:55 And I showed this one.

09:09:57 And when I met with employees, I have shown this.

09:09:59 This one is up on the screen.

09:10:01 The blue reflects salaries.

09:10:03 And the red reflects benefits.




09:10:06 You can see that we have really done a good job keeping

09:10:10 salaries in line.

09:10:11 And I really have the council to thank for that because

09:10:13 last year when you agreed to hold the line on raises --

09:10:16 and I know it was very difficult to do that because we

09:10:19 so appreciate every single employee, and we want our

09:10:22 employees to get raises.

09:10:23 But last year no one in city government got a raise.

09:10:26 And because of that I can tell you it had a significant

09:10:29 impact on our salary line items when we can go a whole

09:10:32 year without raises, and it saved in terms of job loss,

09:10:38 it saved big time.

09:10:39 So when you really look at the shrinkage of city

09:10:42 government, and the number of positions that we have

09:10:45 eliminated, because over four years we have eliminated

09:10:48 about 13% of the workforce, and the no-raid situation

09:10:54 last year.

09:10:55 Look at our salaries, $209.9 million.

09:11:01 It's less than the '07 actual.

09:11:03 I mean, that's a real accomplishment when you can get

09:11:06 salaries to be less than what they were three years

09:11:09 ago.




09:11:10 But now look at the red part.

09:11:12 When you -- and you can see the challenge that we have.

09:11:16 The red part is salaries and benefits.

09:11:18 It really health insurance and pension.

09:11:21 And see how that's gone up from 57 million last year to

09:11:24 68 million?

09:11:25 That's pension.

09:11:26 And that's the part that we can't control.

09:11:29 Which is why it's so important for to us control what

09:11:31 we can control, and what we can control is the blue.

09:11:36 We can't so much control the red.

09:11:39 And I think this really tells an important story.

09:11:44 Now, the figure that you see of 209.9 does include the

09:11:49 restoration of merit step in the '11 budget.

09:11:54 I promised that last year.

09:11:55 When I went out and said to everyone, we are going to

09:11:58 go one year without a salary increase, we said to the

09:12:01 police and fire and the others, we are going to restore

09:12:04 the step.

09:12:05 We understand how important it is to recruitment and

09:12:07 retention and people who join the police force and the

09:12:10 fire department, particularly they understand how they




09:12:14 step through the organization, and there are certain

09:12:15 salary increases.

09:12:17 I understand all of that.

09:12:18 That number reflects that restoration.

09:12:21 I have negotiated the PBA contract directly this year.

09:12:25 We have reached agreement.

09:12:26 They will be taking it to a vote August 25th,

09:12:29 26th.

09:12:30 Hopefully it will pass.

09:12:31 If so, it will come to you for ratification.

09:12:35 There are no cost of living increases in this budget.

09:12:39 And, really, I don't think it appropriate for the city

09:12:41 to have any cost of living increases until we stop with

09:12:44 the layoffs.

09:12:45 Until we can stabilize the workforce and not have

09:12:47 anyone else lose their jobs, cost of living increases

09:12:50 are just not realistic.

09:12:52 So they are not in the budget.

09:12:55 The next slide shows City of Tampa staff and you can

09:13:02 really see what's happened here.

09:13:04 When I became mayor, there were 4,794 employees.

09:13:09 As I leave office, there are 4,416 employees.




09:13:15 But the next slide shows that the population of Tampa

09:13:20 has actually gone up in those eight years.

09:13:22 So while our staffing has gone down, our population has

09:13:26 risen.

09:13:28 In fact, while the State of Florida has lost

09:13:30 population, and the big talk has been about how people

09:13:35 are leaving Florida, look at our city.

09:13:36 People want to live here.

09:13:38 Our population has increased.

09:13:41 I can't wait to see the census figures when they come

09:13:44 out.

09:13:45 So this really tells a story about our city.

09:13:50 Now, the next chart talks about pensions.

09:13:55 Not to belabor this too much but this is a real issue

09:13:58 for governments in general.

09:14:00 If you look at the little orange area there, it shows

09:14:03 that in 2009, the city spent $177 million on pension.

09:14:11 And in 2011 we are going to spend $40.6 million on

09:14:16 pensions.

09:14:18 That is just a real issue going forward.

09:14:21 It's not just the City of Tampa.

09:14:23 FRS has issued -- I'm sure that other cities have their




09:14:27 small pensions throughout -- we have, as you know, the

09:14:29 two pensions, S&P and the general.

09:14:32 I believe in pensions for our employees.

09:14:34 Pensions are important.

09:14:35 People in their old age have to have something they can

09:14:38 rely upon.

09:14:39 But having said that, I think that we have to look at

09:14:43 some kind of reform system, not just the City of Tampa.

09:14:48 Everyone is going to have to look at pension benefits

09:14:50 going forward, and whether or not for new employees

09:14:56 there might not be a different system going forward.

09:14:58 I'm not talking about taking away or changing benefits

09:15:02 for anyone who has relied upon the benefit system that

09:15:05 they currently have.

09:15:06 People have planned for that throughout their lives.

09:15:08 But I think it is wise for government and

09:15:11 governments -- not just the City of Tampa but for

09:15:14 everyone to take a look at the current system and look

09:15:16 at new employees going forward and how those systems

09:15:19 might be changed so that the cost to government isn't

09:15:23 so severe.

09:15:24 And I think this is just a big, big issue.




09:15:28 Now, onto the bigger picture of revenue.

09:15:32 Let's look at our taxable property valuation, down

09:15:37 12.5%, previous year down 12.26%.

09:15:41 You know, we have had two years a 25% decrease in

09:15:46 property valuation.

09:15:47 It would take a turn-around of a 31% increase to bring

09:15:51 property valuations back to their '09 levels.

09:15:55 It just like the stock market.

09:15:57 Your stock goes down 40%.

09:15:59 It has to go way above 40% to get to where it used to

09:16:03 be and that's unlikely that we are going to see at any

09:16:07 time in the near future and the distant future,

09:16:11 property valuations increasing by any substantial

09:16:15 amount.

09:16:17 Further, legislative cap formulas make it that we

09:16:22 couldn't capture that revenue even if it did grow by

09:16:25 that amount and I have discussed that with you on

09:16:27 previous occasions.

09:16:28 So decreased revenues are going to be a part of the

09:16:32 local government picture for a long, long time to come.

09:16:36 The next chart shows property tax revenue.

09:16:39 And you can see that the amount that we are receiving




09:16:44 in property taxes is a little bit less than '05

09:16:49 actuals.

09:16:50 And here we are going into '11.

09:16:54 Well, that's why we set in motion four years ago

09:16:57 certain strategies, and really with your help and

09:17:01 partnership we stuck to those guidelines, and we have

09:17:03 produced a financially healthy city, even during the

09:17:06 great recession.

09:17:08 The first thing we have done is reduced the size of

09:17:10 city government.

09:17:11 As I said, we have reduced it by about 13%.

09:17:15 And we have done it very carefully.

09:17:16 We preserved basic services.

09:17:18 We have listened to our citizens.

09:17:21 We have not gone down that furlough road, which is

09:17:25 detrimental to both the public and the workforce.

09:17:28 Instead we have taken a very close look at every

09:17:31 service that we provide to the public, and we have

09:17:34 strategically shrunk, and we have preserved those core

09:17:38 services that we know are important to the public,

09:17:40 because we are out all the time.

09:17:42 We know what they care about.




09:17:45 Your chambers have not been filled over these past

09:17:48 three years, and I don't think they will be filled

09:17:50 during these public hearings with people saying these

09:17:52 cuts are unacceptable to me and our quality of life.

09:17:56 That's just not happened in the City of Tampa.

09:17:59 Number two, our overall bond rating is AAA, and that

09:18:02 reflect good financial management.

09:18:04 We have recently had a solid waste refunding.

09:18:07 And I know Bonnie Wise is very proud.

09:18:09 It saved our solid waste department $640,000 a year.

09:18:15 First of all, you only get that kind of result when the

09:18:17 bonding agencies, where people look at your financial

09:18:21 health of your city and say you are doing a good job,

09:18:23 or you don't get those kinds of savings.

09:18:27 Number three, we bolstered our reserves.

09:18:30 I have a chart regarding reserves.

09:18:33 You can see in '04 our reserves were 15% of general

09:18:38 revenue.

09:18:40 Now, it's kind of artificial when it shows that it went

09:18:43 up to 34% and so forth, because really what we would do

09:18:46 in those years where we have been figuring out how to

09:18:49 meet the budget shortfall, what we have been doing is




09:18:52 we have been making internal cuts, and then those

09:18:56 moneys temporarily go into fund balance.

09:18:58 And then we take that money and use to the balance the

09:19:00 budget.

09:19:01 So in many respects it's been kind of a little bit

09:19:05 artificial that temporarily some moneys have gone into

09:19:07 fund balance.

09:19:10 But our policy has been a 20% fund balance.

09:19:14 And when I turned the baton -- when I turn the baton

09:19:20 over to the next mayor the city will have a 21% fund

09:19:23 balance, which is almost $88 million.

09:19:26 I think that is so very important, given our geographic

09:19:31 vulnerability, given the size of our city and our

09:19:34 responsibilities to our citizens.

09:19:36 So a good solid reserve has been very, very important

09:19:40 to me professionally, that I have been able to turn

09:19:43 that over to the next administration.

09:19:46 And so we have been able to strategically shrink city

09:19:50 government and at the same time keep our reserves

09:19:52 healthy.

09:19:53 And, at the same time, continue to provide the key

09:19:57 services to our public.




09:20:01 And, fourth, we created some years ago an efficiency

09:20:05 and effectiveness task force within city government.

09:20:08 This task force -- I can't say enough about the good

09:20:11 work, because it included every department and people

09:20:14 from all different levels, anyone who had an idea on

09:20:17 how to save.

09:20:19 And the task force has come up with savings that result

09:20:23 in $12 million a year in recurring savings and 4

09:20:27 million in one-time savings.

09:20:29 For example, here's one example of what we have done.

09:20:31 As you know, we have done a lot of consolidation.

09:20:33 I brought to you some organizational consolidations

09:20:36 earlier this year.

09:20:38 We have recently consolidated all fiscal managers

09:20:41 throughout the city government, and so every department

09:20:45 that had anyone who worked on fiscal matters -- that

09:20:49 consolidation alone has saved $1 million.

09:20:52 And we have gone through this organization, and we have

09:20:54 done all sorts of consolidations and changes, anything

09:21:00 that you can think of to save money.

09:21:02 And I'm really proud of our employees because they

09:21:04 stuck with it.




09:21:05 It's not easy to recommend change.

09:21:07 People don't really like change that much, but our

09:21:11 employees have done a good job of bringing about change

09:21:14 within their own organization.

09:21:18 You know what I like to talk about most, though, are

09:21:21 investments, because I am a big believer in progress

09:21:25 and making constant investment in the community.

09:21:29 In fact, I think when you are given the privilege of

09:21:32 serving, it is your obligation to make investments that

09:21:36 better future generations.

09:21:38 And so I have been big on making investments and on

09:21:42 capital projects.

09:21:43 And even during the recession, our city, as you know,

09:21:47 as you maneuver around some streets and the barricades,

09:21:50 we have been doing a lot of infrastructure work.

09:21:53 My last chart is the investing in neighborhoods chart.

09:21:57 We started the investing in neighborhoods program in

09:22:01 2003.

09:22:03 Investing in neighborhoods is all about sidewalks,

09:22:05 street maintenance, you know, resurfacing, signage and

09:22:08 traffic calming.

09:22:10 When I became mayor in 2003, I asked how much did the




09:22:14 city spend on those four items?

09:22:17 And the answer came back $2.6 million.

09:22:20 I thought that was an astoundingly low amount of money

09:22:24 for the nation's 54th largest city to spend, and it

09:22:30 was no wonder when I ran for mayor in '03 I heard so

09:22:33 many complaints about street maintenance and lack of

09:22:36 sidewalks and so forth.

09:22:38 And so we started investing in neighborhoods program,

09:22:42 and thanks to your support, every year it's grown.

09:22:46 And my own goal has been to have it reach the $10

09:22:49 million mark in '11 so that when I pass it on to the

09:22:53 next mayor, $10 million would be the amount that that

09:22:56 next mayor would hopefully think is a good starting

09:23:00 point.

09:23:00 And we have reached that goal.

09:23:02 This year's budget includes $10 million for investing

09:23:06 in neighborhoods, an amount that I think is reasonable

09:23:09 for the nation's 54th largest city, because if you

09:23:13 don't maintain the very basic neighborhood elements,

09:23:17 you just can't cannot brag about having a quality city.

09:23:21 And we need to always keep our eye on quality in the

09:23:26 City of Tampa.




09:23:28 Now, I know downtown has been hard too maneuver in the

09:23:32 past many months, but my goodness, we have really

09:23:35 embarked on a lot of water-type replacement.

09:23:39 We call it the UCAP project, and it has been long

09:23:44 overdue.

09:23:44 Probably decades long overdue that we have taken a

09:23:47 systematic look at the need to replace aged water pipes

09:23:53 in major water mains, and we have been doing it.

09:23:57 We also have a major stormwater project in Channelside.

09:24:01 The 22nd street project in East Tampa is on the drawing

09:24:05 boards for '11, in '12 and that's going to be a great,

09:24:12 great project for East Tampa.

09:24:13 I see that van best is here, and I have to tell that

09:24:17 you Tuesday night in East Tampa was probably the most

09:24:21 gratifying day that I have had in 25 years of public

09:24:25 life.

09:24:27 I went to East Tampa to give a state of my annual state

09:24:31 of East Tampa address, and the community came out just

09:24:36 to really say thank you.

09:24:38 And why is it so gratifying to me is that it was so

09:24:41 heartfelt from the community that they truly felt that

09:24:44 after eight years their community had improved.




09:24:49 And the outpouring of thanks to the city as a whole.

09:24:54 I tell you, I have never had another day like that in

09:24:57 25 years, because I feel that collectively we have all

09:25:01 made a tangible difference in a neighborhood that has

09:25:04 long needed attention and investment.

09:25:06 And it is my fervent hope that the next mayor and City

09:25:10 Council will see fit to continue with East Tampa as a

09:25:13 top priority.

09:25:15 It is a vibrant part of our central city and it

09:25:19 deserves attention and reinvestment.

09:25:22 And I feel good about what we have been able to

09:25:24 accomplish together.

09:25:25 The CRA board, the council, and the administration, and

09:25:29 the community.

09:25:29 What great partners they have been.

09:25:33 40th Street.

09:25:35 The staff has promised me that 40th Street will be done

09:25:39 before March 31st.

09:25:42 I sure hope that that is the case.

09:25:46 40th Street has been close to my heart.

09:25:49 And Chairman Scott, I thank you very much for your help

09:25:51 on that.




09:25:52 You know how I feel about that when you were on the

09:25:54 county commission.

09:25:54 You constantly came through.

09:25:56 And, council, you have supported 40th Street through

09:25:59 thick and thin.

09:25:59 Sometimes we open bids during the high water mark when

09:26:02 bids were at their highest and we still went forward,

09:26:05 and fortunately we were able to open bids when

09:26:07 construction has been considerably cheaper, and so it

09:26:11 all averaged out.

09:26:12 But it's been over $100 million project.

09:26:15 You know what?

09:26:16 People say transit is expensive.

09:26:19 Widening roads is expensive.

09:26:20 $100 million for one road.

09:26:24 But if it a project that's about 40 years overdue.

09:26:27 And it just hasn't been addressed.

09:26:30 And I tell you, I can't wait to cut that ribbon on that

09:26:33 last segment.

09:26:34 And that is just going to be very gratifying to be able

09:26:38 to open 40th Street to the public and to take care of a

09:26:42 long-needed road project that just has not served that




09:26:46 community well at all.

09:26:47 It's been a traffic hazard.

09:26:49 And now it going to be a thing of beauty to the extent

09:26:52 that roads are a thing of beauty.

09:26:56 I always have to talk about our astounding drop in the

09:26:59 crime rate, because we have the best police department

09:27:02 in the country.

09:27:06 In seven years, a 56% decrease in crimes, and when the

09:27:11 final figures are given in January of '11 for the

09:27:15 8th year, I think it going to be even better.

09:27:18 There is no other city.

09:27:20 You know, you stop and think about it.

09:27:22 You are the luckiest City Council in the country, to be

09:27:27 able to be a City Council of the city that has had such

09:27:31 a dramatic decrease in crime and have such an

09:27:35 outstanding police force.

09:27:36 I tell you it been the high point of my time as mayor

09:27:39 to be able to work with the men and women of our police

09:27:41 department.

09:27:43 This budget, as you know, we have added firefighters.

09:27:46 Even during the great recession we have added

09:27:49 firefighters.




09:27:49 Now, we made use of federal grants.

09:27:51 We made use of the federal grant to pay for fire

09:27:53 station 22 in north Tampa, and also to initially add

09:27:57 the firefighters.

09:27:58 We are also going to relocate fire stations 11 and 19.

09:28:02 So the fire department has actually received more money

09:28:05 over the past couple of years.

09:28:06 So even in this time of -- we say why go to the

09:28:12 graduation ceremonies of firefighters.

09:28:15 We keep adding firefighters and we need to because you

09:28:18 see the population growth, and also in New Tampa, they

09:28:20 have some real requirements up there because of traffic

09:28:23 congestion that require an additional station.

09:28:28 We are building the Spring Hill community rec center in

09:28:32 Sulphur Springs, and that has been something that's

09:28:34 been on the drawing board since my second year as

09:28:36 mayor, and no on the community needs a rec center more

09:28:41 than Sulphur Springs.

09:28:42 And it will make me very proud when that opens.

09:28:47 As I mentioned we have an $8 million investment in

09:28:49 something that you don't cut a ribbon about, but it

09:28:52 awfully important, and I know it's something all of you




09:28:54 have asked for over the years.

09:28:57 Modernization of our computer system and our financial

09:28:59 system, and this hopefully will be a successful

09:29:03 city-county partnership.

09:29:05 Everyone always says, why doesn't city and county work

09:29:07 together?

09:29:07 We are working together on this.

09:29:09 We are jointly putting out an RFP.

09:29:11 We hope to jointly hire a firm that will handle the

09:29:18 modernization of our computer system, our information

09:29:21 management system.

09:29:24 The next mayor and council will benefit from this

09:29:26 greatly.

09:29:28 This is something for the future.

09:29:29 We have to make this.

09:29:30 We have a very antiquated computer system.

09:29:33 Many of you have often talked about the financials and

09:29:37 the difficulty in understanding the information.

09:29:40 It because of the very, very old system.

09:29:42 And it difficult to use.

09:29:45 So -- I've never seen that before.

09:29:51 If you are mayor long enough you see about everything.




09:29:55 As long as you weren't throwing it at me it's okay.

09:29:58 [ Laughter ]

09:30:03 Oh, boy.

09:30:11 You're kind of disruptive.

09:30:14 [ Laughter ]

09:30:16 That's all right.

09:30:21 You're interrupting my flow.

09:30:24 I was just getting revved up.

09:30:31 Because I want to talk about downtown.

09:30:33 We have a lot of groups from out of state.

09:30:35 I just greeted a group of 700 yesterday.

09:30:38 They are amazed that our city has done so much during

09:30:42 the recession, because a lot of cities across America

09:30:46 have kind of folded up their tent.

09:30:48 We have not.

09:30:52 I talk about how the Tampa Bay history center has been

09:30:55 built, Cotanchobee park, hero oh's plaza, the

09:31:00 riverwalk, the riverwalk plaza at Channelside.

09:31:06 I talk about the opening in February of our Curtis

09:31:08 Hixon waterfront park, which is a thing of beauty.

09:31:11 I go down there.

09:31:12 I just sit there and watch people in the fountains and




09:31:15 playing and having such a good time, I can scarcely

09:31:18 believe how transformative that park has been.

09:31:21 I just can't believe it.

09:31:24 And I look at the New Tampa Museum of Art that opened

09:31:27 during the recession, and September the 25th, the

09:31:30 new children's museum is opening.

09:31:33 Can you name another city really that has this much

09:31:35 going on?

09:31:37 And we did it all during the recession?

09:31:40 It is so important that we make investments for the

09:31:43 long-term, and when times are tough, you don't stop.

09:31:47 You take advantage of the lower construction costs.

09:31:51 That's what you do.

09:31:54 I look at our downtown and what it used to be and what

09:31:56 it is today and we actually have people living downtown

09:31:59 now and going to restaurants and walking to the parks,

09:32:01 and where all these dogs have appeared from I don't

09:32:04 know.

09:32:06 I interview people at the dog parks.

09:32:08 Where did you come from?

09:32:09 They live here.

09:32:10 They live in downtown.




09:32:13 They are downtown resident and proud of it.

09:32:17 It really makes me happy to see that.

09:32:19 Because we have always wanted downtown to be

09:32:22 everybody's neighborhood, but we have also wanted it to

09:32:24 be somebody's neighborhood in particular.

09:32:27 We wanted people to live down here.

09:32:30 And it's finally come to fruition.

09:32:34 And we have a lot of brighter days ahead.

09:32:37 We can look forward in the next and the next

09:32:40 administration can look forward to Encore.

09:32:42 $28 million of infrastructure that's being built right

09:32:45 now, and, you know, we made a promise to the resident

09:32:51 of Central Park Village, if they wanted to return to

09:32:54 their new homes, they could.

09:32:56 And that promise is going to be fulfilled one day.

09:33:00 And that is going to be a great residential development

09:33:04 that is going to be the bridge between downtown and

09:33:07 Ybor City.

09:33:09 And then look at the CAMLs project that you all have

09:33:13 approved recently.

09:33:14 The city is selling, the University of South Florida an

09:33:17 entire city block.




09:33:21 Some people might say, well, okay.

09:33:23 I'm not sure what that means.

09:33:24 Well, in the short term it means that they are going to

09:33:27 put their CAMLS medical project there which is going to

09:33:32 bring in doctors from all over the country, all over

09:33:34 the world.

09:33:35 So in the long-term that city block is entitled for

09:33:39 $500,000 square feet.

09:33:41 And so what we are saying to the university is, we want

09:33:45 you to be our partner in downtown Tampa.

09:33:50 And with an entitlement of 500,000 square feet, and

09:33:53 with the foundation of the CAMLS project, can you

09:33:57 imagine what kind of investments they can make in our

09:33:59 downtown in the future?

09:33:59 That is a great, great location.

09:34:05 It been a cloudy time.

09:34:06 There is no doubt about that.

09:34:10 For anyone who has lost their job, it's been about as

09:34:14 bleak as you can get.

09:34:16 We have gotten through this -- well, some will say we

09:34:20 are still in the great recession, but it has been a

09:34:24 very, very difficult time.




09:34:29 But for us to think that the clouds are always going to

09:34:32 stay, that is not the case.

09:34:37 I can't live that way.

09:34:39 I can't think that way.

09:34:42 That the future is not a cloudy future, particularly

09:34:44 when you are the mayor of the City of Tampa.

09:34:46 How can you possibly think that way?

09:34:49 When all I see are the community assets that we have,

09:34:53 and the future growth and development possibilities.

09:34:57 When I see high-speed rail coming right into our

09:35:02 downtown core.

09:35:04 Can you imagine?

09:35:05 I mean, when we are planning for a high-speed rail

09:35:09 station on the northern part of our downtown, the one

09:35:11 part of our downtown that really hasn't been

09:35:13 redeveloped, can you imagine what that station is going

09:35:16 to look like in the future?

09:35:18 The third floor will be high-speed rail.

09:35:21 The second floor light rail.

09:35:22 The ground floor, the better bus system that takes you

09:35:26 here, there and everywhere.

09:35:28 A huge multimodal transportation center right in our




09:35:32 downtown.

09:35:32 It will complete our downtown.

09:35:36 Can you imagine what a benefit this will be to the

09:35:38 Encore resident?

09:35:40 People in Ybor, the residents who decided to be

09:35:43 pioneers and live in downtown Tampa.

09:35:47 This referendum on November 2nd, how important it

09:35:50 is that we make this investment in our transportation

09:35:52 future, because it's the only thing we don't have.

09:35:55 I talk about the assets of this city and this community

09:35:57 and this region, and there's only one thing we don't

09:35:59 have and that's a modern transit system, and we are

09:36:02 going to fix it.

09:36:03 And so while we have gone through a cloudy, cloudy

09:36:06 time, I see nothing but clear skies in the future.

09:36:12 I see the bright sun in the future.

09:36:16 I so believe in Tampa and its future.

09:36:20 I see sunny days.

09:36:24 There's no doubt about it.

09:36:25 And in March, April, when I turn this city government

09:36:28 over to my successor, it will be a city government that

09:36:35 serves the people well, that provides excellence in its




09:36:39 core services, that has healthy financial reserves, a

09:36:43 strong bond rating, and is totally prepared for the

09:36:46 future, and hopefully we will be working on building

09:36:51 this transit system that is so critical to our future.

09:36:56 I believe the future is so very, very bright.

09:36:59 And I will always be proud that during this eight-year

09:37:03 period, we collectively will be part of making that

09:37:09 future bright, in laying the foundation for future

09:37:11 progress and growth.

09:37:14 What a pleasure it been to work with you.

09:37:16 We still have eight months together as a partnership.

09:37:19 And this is my budget that I present with hopes and

09:37:24 dreams and aspirations for a very, very bright future

09:37:31 that I know is Tampa's future.

09:37:33 No doubt.

09:37:35 Thank you, Mr. Chairman.

09:37:36 And I am very happy to answer any questions that any of

09:37:40 you might have.

09:37:42 >>THOMAS SCOTT: Thank you, mayor.

09:37:43 Any questions?

09:37:44 Any comments by council?

09:37:45 >>MARY MULHERN: Thank you.




09:37:49 And you have done a fantastic job with the budget.

09:37:52 And I know you are proud.

09:37:54 You have your sunny outlook and you are proud of

09:37:57 downtown.

09:37:57 But I think the investment you made in the unglamorous

09:38:03 water pipe replacement.

09:38:06 All of those infrastructure things, are just a great

09:38:08 thing.

09:38:09 And you have done a great job.

09:38:10 >> Thank you very much.

09:38:15 >>THOMAS SCOTT: Mayor, let me just say thank you for,

09:38:18 I guess, eight years of your leadership as mayor, but

09:38:22 going back we had the privilege of working over at the

09:38:24 county and so forth.

09:38:25 But more recently, I think you have done a tremendous

09:38:28 job as mayor of the city.

09:38:33 You faced many challenges during a tough time.

09:38:38 And it takes a good leader to rise to oh those

09:38:43 challenges.

09:38:44 And you stood at the plate, made tough decisions.

09:38:51 You worked with City Council.

09:38:53 You have been able to make the city a better place.




09:38:59 We thank you.

09:39:01 This council thanks you for the opportunity to be able

09:39:05 to work with you the past eight years.

09:39:09 I think this whole community has to look back and see

09:39:11 the investments that have been made in the community

09:39:14 that were not there before, and the numbers that are

09:39:17 there now.

09:39:18 I think East Tampa is very much grateful.

09:39:20 I think that was shown on Tuesday evening for the

09:39:25 investment that's been made.

09:39:28 40th Street, as you know, is a crown jewel.

09:39:32 We all have to be really pleased with what happened

09:39:35 there.

09:39:35 And then Central Park.

09:39:38 While we had some setbacks, I think that we are moving

09:39:40 forward.

09:39:47 I think that you are a visionary.

09:39:52 And the future for the City of Tampa is bright.

09:39:54 It takes real leadership to be a real visionary, and in

09:39:57 tough times, to give a community hope.

09:39:59 You have done that.

09:40:00 You have done a good job.




09:40:02 And this city is very much, I guess, indebted to your

09:40:07 leadership.

09:40:08 And I thank you for your leadership over the past eight

09:40:11 years.

09:40:11 I think we all say here today, you put together a great

09:40:17 staff.

09:40:17 It been my privilege over the past four years to work

09:40:20 with some great people.

09:40:25 And you have been able to come -- they have been able

09:40:29 to come and meet with me and answer my questions.

09:40:31 I thank you for that.

09:40:32 I think there's a lot to say.

09:40:35 And you and city staff in working with City Council.

09:40:39 Thank you again.

09:40:40 And this city again has been not only fortunate but we

09:40:42 have been blessed to have a good mayor, a mayor of

09:40:47 integrity, keeps her word, said to the firefighters, we

09:40:54 will restore, just give us opportunity.

09:40:56 That says a lot.

09:41:00 The word is all that we have as elected officials, high

09:41:02 integrity.

09:41:04 And you have maintained that.




09:41:08 Thank you.

09:41:10 Thank you very much.

09:41:11 >>Pam Iorio: Thank you, Mr. Chairman, for those kind

09:41:13 words.

09:41:13 >>GWEN MILLER: I have to say thank you, too.

09:41:16 You know, you can lay out the budget that everybody

09:41:18 understands it.

09:41:19 I know the citizens will call you and thank you.

09:41:24 Because you didn't leave anything out.

09:41:26 If they didn't understand, I don't know why.

09:41:27 You made it clear and you told it how it was and I

09:41:32 appreciate that.

09:41:33 And eight years ago I gave you the challenge of East

09:41:37 Tampa.

09:41:37 You took on that challenge and I really like it.

09:41:39 Thank you for that, because I always told you East

09:41:41 Tampa was left out.

09:41:43 Nothing came in.

09:41:44 Everything was going out.

09:41:45 But now you are putting everything into East Tampa.

09:41:47 And it's going to be just like all the other parts of

09:41:50 the city when you leave, and I want to say thank you




09:41:53 for that.

09:41:53 And I know you are going to miss us and we are going to

09:41:56 miss you.

09:41:56 But we enjoyed those years you had with us.

09:42:02 I really appreciate being here on council during your

09:42:05 years, and I know that you are going to have great

09:42:07 things ahead of you.

09:42:08 And I know, Bonnie, you really laid it out.

09:42:15 >> Thank you.

09:42:19 I don't know how to say it.

09:42:21 You just made it out so well and all the people saying

09:42:25 this is how the budget is done.

09:42:27 But it by your example so thank you again.

09:42:31 >> Thank you very much.

09:42:32 It's always great to work with you.

09:42:33 >>JOSEPH P. CAETANO: Mayor, I want to thank you.

09:42:36 You have done a great job.

09:42:37 I know every time I called your staff looking for

09:42:39 something or asking a question, I always get an answer.

09:42:43 And off great staff.

09:42:45 And that's important.

09:42:46 And everything that the chairman said is true.




09:42:50 And I really appreciate you.

09:42:53 Thank you very much.

09:42:53 >>Pam Iorio: Thank you very much.

09:42:57 It's been a pleasure working with all of you.

09:43:01 >>CURTIS STOKES: I certainly had the opportunity,

09:43:02 mayor, to work with you on both sides, here in City

09:43:04 Council, as a lay person in the community, and I want

09:43:07 to echo the comments of my colleagues that you have

09:43:09 done a great job.

09:43:10 You have been a great friend over the years working

09:43:12 with us in NAACP and having the opportunity to work

09:43:15 with you here on the dais.

09:43:19 You have done a great job and I know the citizens of

09:43:21 Tampa, we all appreciate what you have done for us in

09:43:26 Tampa especially with the fire station.

09:43:29 >>Pam Iorio: Thank you very much.

09:43:30 >>THOMAS SCOTT: Councilwoman Capin.

09:43:36 >>YVONNE CAPIN: Mayor, it's been a pleasure working

09:43:38 with you for the past three weeks.

09:43:39 [ Laughter ]

09:43:41 But as a citizen of Tampa, I appreciate your

09:43:48 leadership, and all that you have done for the




09:43:50 neighborhoods, and it shows, and you are leaving it

09:43:55 better than you found it.

09:43:57 Thank you.

09:43:57 >>Pam Iorio: Thank you very much.

09:44:00 Thanks very much for your very generous and kind

09:44:04 comments.

09:44:05 Bonnie?

09:44:09 >>BONNIE WISE: Thank you.

09:44:10 And the mayor pretty much said it all for us.

09:44:15 But as the mayor said, since I am the chart meister we

09:44:19 are going to go through all of that.

09:44:21 It is a pleasure to be before you today.

09:44:22 Last year I began my presentation with every budget has

09:44:26 its own set of challenges, and this year we are

09:44:29 operating in a difficult economic environment.

09:44:31 And who knew that I was going to be repeating though

09:44:35 words and the more difficult economic environment.

09:44:38 As the mayor mentioned, despite all those adversities,

09:44:41 we have before you a balanced budget that meets the

09:44:45 principles of this administration and invest in our

09:44:48 city.

09:44:48 We have had many meetings over the last year, many last




09:44:53 few months especially, and meetings with the mayor,

09:44:55 meetings with you, council members, very various

09:44:58 workshops, your citizens budget advisory committee has

09:45:01 had several meetings and has invited various staff to

09:45:04 attend those meetings.

09:45:05 As a reminder, we have two public hearings in

09:45:08 September.

09:45:08 They are on September 14th and September 28th.

09:45:12 This year, we have our budget documents and our budget

09:45:17 is -- you each have copies in your offices.

09:45:20 The budget will be online as well.

09:45:23 We have the operating and capital budget in one volume

09:45:27 and the budget supplement in a separate volume for you.

09:45:32 You have all those copies.

09:45:37 There are many people that I must thank to get me to

09:45:39 where we are today on this budget.

09:45:41 Of course, the mayor has provided eight years of

09:45:44 leadership for me, and guidance, and the stewardship

09:45:50 that is so important especially in these economic

09:45:52 times.

09:45:52 I appreciate you, council, your input, your questions,

09:45:55 and your commitment to serving the public.




09:45:58 We have had a year of great change in our departments

09:46:02 and our organizations, some of which I will discuss

09:46:05 later, various consolidation efforts.

09:46:09 And the administrators, the department heads could not

09:46:11 have been more professional, more enthusiastic in

09:46:16 serving the public and adjusting their budgets

09:46:18 accordingly.

09:46:20 We have had a fiscal consolidation in my office.

09:46:25 In fact, our budget office has gone through a

09:46:27 consolidation just recently.

09:46:30 We have our budget office -- his wife had a baby a

09:46:37 month ago, and we had staff in our office now.

09:46:41 Some staff has been there for years.

09:46:43 Staff who has been part of various other departments in

09:46:46 the city, and we have staff that has come from various

09:46:50 jurisdictions that all became part of this budget and

09:46:53 all of them have touched this budget, and worked on it,

09:46:55 and made a contribution.

09:46:57 And I'm very proud of our team.

09:46:59 So, once again, the theme of this year's budget is

09:47:04 sensible solutions in tough economic times, a theme

09:47:06 that is definitely worth repeating.




09:47:09 And with that we will go on to the fiscal year '11

09:47:12 budget.

09:47:23 We have extra copies for anyone in the audience.

09:47:26 The mayor talked about the key principles, protecting

09:47:29 the key public services, parks and rec, public safety

09:47:32 predominantly.

09:47:34 We have an ongoing review of our business practices.

09:47:37 That include our efficiency and effectiveness task

09:47:40 force, various consolidations.

09:47:43 We are to build infrastructure that will improve the

09:47:46 community in the long-term.

09:47:47 The mayor talked a lot about that.

09:47:48 We have improvements in this budget that cover all

09:47:51 areas -- water, wastewater, solid waste, our general

09:47:54 fa -- facilities, transportation.

09:47:58 We have preserved the reserve and remain financially

09:48:00 healthy.

09:48:01 The mayor showed you that we expect that we would have

09:48:03 over 20% fund balances as we end this budget.

09:48:08 We have maintained our AA bond ratings and we have

09:48:11 strategically shrunk the size of city government.

09:48:15 This is our budget and it a comparison to last year.




09:48:18 As the mayor mentioned, $787 million, about a 4.4%

09:48:25 increase over last year.

09:48:26 As you go through the various categories you can really

09:48:28 see where there have been some increases, and you can

09:48:32 see main increase in enterprise funds related to

09:48:35 capital.

09:48:36 You can see that we have had a decrease in bond funds

09:48:41 available and a slight increase in the general fund

09:48:43 utility tax.

09:48:44 Also related to capital.

09:48:47 As I talk about the capital section, we are going to go

09:48:50 more into that.

09:48:51 But we have improvements to fire stations.

09:48:56 Facility, repair and renovation, $5 million.

09:48:59 The ERP project, with Hillsborough County, $8 million.

09:49:02 And so big and small, we have various capital

09:49:06 investments in our community.

09:49:07 The New Tampa Boulevard bridge, $60 million.

09:49:10 Many of these projects have been from moneys we have

09:49:14 accumulated over time that have -- this is going to be

09:49:18 the year to spend those moneys.

09:49:20 The outlook of the city and Florida is still mixed.




09:49:27 The expert expect that the recovery will be slow, and

09:49:32 we don't expect major improvements in our property

09:49:34 values anytime soon.

09:49:37 Unemployment for the City of Tampa in our area is

09:49:39 higher than the State of Florida, and the State of

09:49:41 Florida is higher than the national average.

09:49:43 Which is really atypical from years in the past.

09:49:48 Moody's predict there will still be decline in home

09:49:52 prices and as our population grows, it's increasing

09:49:57 marginally.

09:49:57 The mayor referred to our budget shortfalls over the

09:50:00 past few years.

09:50:01 This year and as we discussed at our various workshops,

09:50:05 we have this year a $32 million shortfall of which we

09:50:11 will present your balanced budget using 19.5 million

09:50:14 from moneys we saved throughout fiscal year '10 and $12

09:50:19 million from fund balance.

09:50:20 How did we do that?

09:50:22 How did we save these moneys?

09:50:23 We asked all the departments to roll back their

09:50:25 operating budgets.

09:50:27 This year that we are in, fiscal year '10, even once we




09:50:32 adopted the budget we said we know that you have those

09:50:34 certain operating moneys.

09:50:35 We need you to not then specimen.

09:50:37 We need you to save them and we need to you set those

09:50:40 moneys aside for fiscal year 11.

09:50:43 Then for fiscal year '11 we asked the departments to

09:50:46 reduce those even further 3%.

09:50:48 We have eliminated 146 positions, and we are using the

09:50:51 fund balance as I mentioned.

09:50:55 We had various EETF cost savings efforts.

09:51:01 We have had many consolidations in the in the city.

09:51:04 As you look through your budget you will see the number

09:51:06 of personnel have actually increased.

09:51:08 The technology and innovation department, revenue and

09:51:11 finance, neighborhood services has had consolidation

09:51:14 impacts.

09:51:15 And we have moved stormwater into public works, answer

09:51:20 transportation out of public works.

09:51:21 All those things are impacted.

09:51:23 But in the end, all those consolidation efforts save in

09:51:27 excess of $2 million.

09:51:31 The reserves are important.




09:51:32 The mayor talked about this already.

09:51:35 We have things that come up throughout the year.

09:51:37 We know that our pension is increasing.

09:51:39 We sometimes have revenues that come in less than we

09:51:43 had budgeted.

09:51:43 For example, our communications services tax are

09:51:47 expected to be about $2 million less this year than we

09:51:50 had budgeted, so things happen and we need to be

09:51:53 prepared for them to happen.

09:51:54 We need to maintain our fund balances.

09:51:57 The GFOA, the government financial officers association

09:52:01 has guidelines, and for bond rating purposes it is

09:52:04 especially important.

09:52:05 And of course the unknowns, any type of weather issues

09:52:10 that may occur to our area.

09:52:11 This is an excerpt from the moody's report.

09:52:14 Those of you know that I came from an investment

09:52:17 banking world, and so this bond part of it is very

09:52:21 important to me.

09:52:22 And maintaining this AA rating is critical.

09:52:25 And what they said in June of '09, based on the city's

09:52:30 currently favorable financial position, regionally




09:52:33 important economic based and manageable debt load they

09:52:37 recognize that the City of Tampa is in that AA

09:52:39 category, just shy of that AA is the next one.

09:52:44 That's pronounced AA1 for non-bond people.

09:52:49 These are our other bond ratings.

09:52:51 So the AA1 is what they call the issue rating that's

09:52:55 just general City of Tampa creditworthiness.

09:52:58 And then our various other bonds have their own

09:53:01 separate ratings depending on that particular revenue

09:53:04 stream.

09:53:05 And you can see there that our water and sewer bonds,

09:53:09 our occupational license bonds, our sales tax bonds,

09:53:12 all maintain very high ratings

09:53:14 The solid waste system, the lowest rating of all, still

09:53:20 in that A category and that's what allowed to us do

09:53:23 that bond refunding.

09:53:24 This is the chart that you see that the mayor showed as

09:53:26 well that shows how over time we had consciously built

09:53:32 up our reserves, getting ready, saving money in those

09:53:36 better years, and then having to have those moneys

09:53:39 available for use in the latter more economically

09:53:43 challenging years.




09:53:46 These are our major revenues.

09:53:48 You have seen much of this already.

09:53:51 We have gone through our budget workshops.

09:53:53 But 436 million of the general fund utility tax are

09:53:58 general governmental type funds.

09:54:00 And you can see there that just about 28% comes from

09:54:05 property taxes.

09:54:07 Our largest single source.

09:54:09 And you can see there that that number, if you might

09:54:14 recall from prior years, that the percentage actually

09:54:18 used to be a little bit higher but as our property

09:54:20 taxes are declining, that percentage is declining.

09:54:22 That number is about $16 million lower than it was the

09:54:26 prior year, and our community investment tax dollars

09:54:30 that has been declining as well.

09:54:33 You will notice if you compare from last year our

09:54:36 transfers of fund balance is up from prior years, and

09:54:39 that is because this is where our enterprise funds are

09:54:42 paying for some of those people who have moved into

09:54:45 those -- for those consolidation efforts.

09:54:48 For example, if we had some revenue and some

09:54:51 finance-type people that used to work in wastewater who




09:54:54 are now part of my department, for more operating

09:54:57 efficiencies, the wastewater department still would pay

09:54:59 for those -- those personnel.

09:55:03 We have done a great job in fiscal year '10 getting

09:55:06 ready for fiscal year '11.

09:55:09 When we started fiscal year '10 we thought we were

09:55:13 going to have to use $31 million of fund balance to get

09:55:16 us through the year.

09:55:17 And in fact because our staff cut and cut and cut, we

09:55:19 are really only going to have to use about 10 million.

09:55:22 And so as we get into fiscal year '11, our

09:55:26 $31.8 million shortfall, we are going to fund that with

09:55:30 our savings account, and from our fund balance.

09:55:36 This is what's happened with the taxable property

09:55:39 valuation.

09:55:40 Once again, negative 12.5% decline in our property

09:55:44 values.

09:55:50 This is a chart that shows our net new construction,

09:55:53 down to $379 million.

09:55:57 You can really see that huge drop-off.

09:55:59 I have statistics that go back to fiscal year '03, and

09:56:03 even going back that far, we haven't had a year that's




09:56:06 quite this low.

09:56:07 So we haven't had much investment, new construction in

09:56:10 our city since then.

09:56:15 These are our property taxes, about 11.5% decline.

09:56:20 You can see there's the budget for fiscal year '10,

09:56:24 137.8.

09:56:25 We do anticipate receiving just over 139 million in

09:56:28 fiscal year '10.

09:56:30 As our property values city-wide have declined, the

09:56:33 property values in the CRA -- and I know you have a CRA

09:56:37 meeting after this -- have declined incredibly.

09:56:41 And so in fiscal year '10, the city paid $12.5 million

09:56:46 into the CRA from the property taxes that we took in

09:56:48 and we turned it over to the various CRAs, and this

09:56:55 year that number is going to go down to $8.8 million, a

09:56:57 29% reduction, and that is causing a major problems

09:57:04 for CRAs to help them do what they need to do in

09:57:07 their communities.

09:57:09 Other taxing authorities, of course, pay into Tampa

09:57:11 CRAs, and so you can see there that about 47% of what

09:57:15 the CRAs get come from the City of Tampa, the rest

09:57:19 comes from various taxing authorities predominantly the




09:57:23 county.

09:57:24 You have heard talk in on the jurisdictions talk about

09:57:27 what is the rollback rate.

09:57:30 The rollback millage rate is the rate that would

09:57:32 produce the same amount of property tax revenue as the

09:57:35 prior year.

09:57:36 For years, not in the most recent years, the rollback

09:57:39 rate -- and you all say it as part of your budget

09:57:42 ordinance when you adopt the millage rate each year in

09:57:44 the public hearings -- is the rate -- it's typically

09:57:48 when property values are increasing the rollback rate

09:57:51 goes back.

09:57:51 But in a year when the values are declining, the

09:57:54 rollback rate is actually an increase to the millage

09:57:58 rate.

09:57:59 And so you may see in the newspaper that many

09:58:03 jurisdictions are going to their rollback rate.

09:58:05 They are actually raising their millage rate to try to

09:58:08 capture that extra property tax revenue.

09:58:12 And we are not doing that.

09:58:13 We are maintaining our same millage rate that we have

09:58:16 had.




09:58:21 So you can see that our millage rate of 5.7326 mills is

09:58:23 going to remain.

09:58:25 And if we were to go up to that millage rate, that big

09:58:29 bar in red, we would have to go up as far as 6.49

09:58:33 mills.

09:58:33 That would be a 13% increase in the millage rate, and

09:58:35 we are not doing that.

09:58:38 What does that mean to the average homeowner?

09:58:41 The average single-family residence with an assessed

09:58:45 value of $157,000 with a $50,000 homestead exemption

09:58:49 would have a taxable value of about $107,000.

09:58:53 And with our millage rates that we are proposing, they

09:58:55 would pay to the city about $613 a year, and at that

09:59:00 rollback rate would have gone up to 695 and $82

09:59:07 difference.

09:59:07 Sometimes people get confused when they pay their taxes

09:59:10 that all of it goes to the City of Tampa.

09:59:12 In fact only about 25% goes to the City of Tampa.

09:59:16 And so you can see there how much goes to the school

09:59:20 board and Hillsborough County and various on the taxing

09:59:22 entities.

09:59:23 But of that amount, of the total millage, 21.4 mills or




09:59:29 so, 24.67 goes directly to the City of Tampa.

09:59:34 We have had other revenue changes over the past year.

09:59:39 This is the sales tax revenue.

09:59:42 And you can see there that we are hoping that in fiscal

09:59:46 year '11 we are going to have a slight increase from

09:59:49 what we have had in the past few years.

09:59:50 During this fiscal year, we were really seeing sales

09:59:55 tax declines.

09:59:56 But the last few months, we are starting to see some

09:59:58 hope of increase.

10:00:00 And so, therefore, we have a budget of 24.8 million.

10:00:03 The peak in sales tax was in fiscal year 06.

10:00:26 Franchise fees have been relatively stable over time.

10:00:29 And communication services tax has actually been

10:00:31 declining a little bit over time.

10:00:36 And there was a one-time audit adjustment of 1.7

10:00:40 million which boosted our revenues.

10:00:41 But as people are canceling their land lines on their

10:00:45 telephones, we are seeing this revenue source go down

10:00:51 each year.

10:00:53 Utility taxes is one area where we are seeing an

10:00:56 increase.




10:00:57 And this is coming from electric utility taxes as well

10:01:00 as water utility taxes.

10:01:05 I am going to talk now about the nature of extend

10:01:08 spurs.

10:01:08 You heard us talk before about half the money in this

10:01:12 fund goes to public safety.

10:01:13 49% or so.

10:01:14 And this chart is similar to last year, but there are a

10:01:18 few things I wanted to highlight for you.

10:01:20 Public safety last year also was 49%, but we were at

10:01:26 $208 million so we are spending more on public safety

10:01:28 this year.

10:01:29 The big difference is really in the CIP, C.I.T.

10:01:33 category, because that is where we have shown -- where

10:01:36 we are showing the investments in our infrastructure in

10:01:39 the capital projects.

10:01:40 So last year, that number was only 50 million and you

10:01:43 could see this year we are at $67 million.

10:01:47 Central government I will just point out at 9% of the

10:01:50 budget, last year was at 11%.

10:01:54 So that is an area that we are declining.

10:01:58 We have spoken about our efficiency and effectiveness




10:02:01 task force, and this shows the savings that have been

10:02:04 generated through this program.

10:02:07 And as the mayor mentioned, staff from the city

10:02:13 participants in this program really at all levels.

10:02:15 So from the manager levels to the people who actually

10:02:18 work and do the job and ideas and know how to implement

10:02:23 these programs, so on it about 11.7 million in savings,

10:02:28 a one-time savings of $4 million.

10:02:30 We have done something called how we pay our vendors,

10:02:35 that saved about $300,000.

10:02:37 We had a mowing contract where we consolidated the

10:02:42 wastewater, building maintenance.

10:02:44 That saved almost $1 million.

10:02:46 You have heard about the garbage pickup from, you know,

10:02:49 after a holiday.

10:02:50 That saved a half million dollars.

10:02:53 We standardized our collection agency and have a new

10:02:57 fee on that.

10:02:57 That saves $110,000.

10:02:59 So ideas begin small have all contributed and have come

10:03:03 from your staff.

10:03:05 The property taxes and the city, 129.1 million and




10:03:13 don't even cover the police expenses and police

10:03:17 capital, their vehicles and some renovations for the

10:03:20 police facility downtown.

10:03:21 You can see that's 138.

10:03:24 When you add on the fire expenses, you can see those go

10:03:29 up to 206 million.

10:03:34 So it has been -- when I first came to the city this is

10:03:38 something that I really noticed that the property taxes

10:03:40 themselves, and that's what people say, I paid property

10:03:44 taxes and you expect quality public service, and we of

10:03:46 course get it here.

10:03:49 The personnel declining over time.

10:03:52 You can see 4,416 positions.

10:03:57 You may notice that the general fund increased a little

10:04:00 bit from last year, and that is partly due to the

10:04:03 consolidations.

10:04:04 So it's the movement of personnel from the yellow area

10:04:07 to the green area.

10:04:07 >> The largest department single-family police, and

10:04:17 next fire rescue with 669.

10:04:23 This chart is a little busy but as the population is

10:04:26 increasing in the pinkish color, that is our number of




10:04:39 personnel are declining since fiscal year '08.

10:04:42 If you look at a ratio of employees to 1,000 residents,

10:04:45 our highest for 2007 -- and we had 15.4 employees per

10:04:49 1,000 residents, and now we are at 13 employees per

10:04:53 1,000 residents.

10:04:55 The mayor referred to the position elimination.

10:04:58 This is the positions.

10:05:01 We have had layoffs and vacancies over the past few

10:05:03 years.

10:05:04 We have added a few key positions.

10:05:07 And you can see there is really an emphasis on trying

10:05:10 to eliminate positions that are vacant as much as

10:05:13 possible.

10:05:16 This chart as well is the one that we were showing you

10:05:20 earlier regarding the salaries and wages and the

10:05:23 benefits.

10:05:23 You can see there that the maroon area of benefits

10:05:26 increasing over time, and the blue really trying to

10:05:32 remain relatively stable.

10:05:34 This chart is slightly different than you will see in

10:05:36 the mayor's little book, because this is an updated

10:05:40 version.




10:05:40 This is our pension history. You can see there fire

10:05:51 and police in the green, and the general employees in

10:05:51 the yellow up to that $40.6 million city contribution.

10:05:55 This shows you the police officers, the sworn police

10:05:58 officers per 1,000 of residents and you can see we are

10:06:02 at 2.87.

10:06:12 And to talk a little bit about the community investment

10:06:15 tax.

10:06:15 This is part of the '07 through '11 program.

10:06:18 And in the spring you will be addressing the next

10:06:24 program, the fourth five-year program that will be

10:06:28 coming before you in the spring.

10:06:29 So this is the last year of this program.

10:06:31 We have seen the revenues in this area decline, because

10:06:34 as you might recall, money moneys off the top go to the

10:06:37 school district and to the Tampa Sports Authority and

10:06:40 then the rest is distributed on a formula basis.

10:06:44 So the high in this revenue was 16.2 million in '07 and

10:06:49 10.7 million in '11.

10:06:52 We have some interest earnings of about $1 million that

10:06:55 we have to use toward the program.

10:06:57 You might recall when we did our five-year program we




10:07:00 wanted some certain aspects of our program to include

10:07:02 some ongoing moneys for parks and recreation for fire,

10:07:07 and so we had $750,000 or so for parks and recreation

10:07:11 ongoing projects, as well as fire ongoing projects of

10:07:15 1.7 million.

10:07:16 In addition, we have other fire improvements, fire

10:07:20 stations, and other appropriations for stations 11 and

10:07:28 19, as well as fire station 22, which is part of the

10:07:31 ARRA.

10:07:36 We have two bond issues outstanding with C.I.T.

10:07:41 2001 and 2006.

10:07:42 And my next project is to try to refund that 2001 bond

10:07:46 issue and see if we can save some money there.

10:07:48 This year, we are buying about 131 police vehicles.

10:07:53 We really have made an effort to increase our police

10:08:02 purchase of vehicles this year, about $3.9 million,

10:08:02 some of which is currently budgeted from other moneys,

10:08:06 and then moneys from utility tax funds of $2 million.

10:08:12 I am going to talk now about the enterprise funds.

10:08:14 We have had our five year water rate plan and that was

10:08:17 through various programs throughout our city, improving

10:08:20 distribution, replacement and rehabilitation, and they




10:08:24 are actually going to increase their budget 27.5

10:08:29 million.

10:08:30 The water budget is a little bit misleading because

10:08:33 they are now -- they now include the utility accounting

10:08:36 division.

10:08:37 It used to be part of the revenue and finance

10:08:39 department.

10:08:43 But because we have determined it served wastewater,

10:08:46 solid waste, and the customers therein, that there is

10:08:49 really more efficiency with that division being part of

10:08:51 the water department.

10:08:54 Their VIP program is increasing over $26 million from

10:08:57 last year.

10:08:58 So lots of water projects being done in fiscal year

10:09:02 '11.

10:09:03 Sulphur Springs, blue sink, and various projects are

10:09:08 funded from SWFWMD and in cooperation with on the

10:09:11 jurisdictions.

10:09:13 Since fiscal year '07 there has been over $100 million

10:09:19 replaced under contract in the water area.

10:09:24 The wastewater budget is change being $2.1 million.

10:09:28 The personnel decreased a little bit partly due to




10:09:32 consolidation.

10:09:32 And they have many, many capital needs.

10:09:35 We are probably going to be coming before you during

10:09:38 the fiscal year for a bond issue for some of their

10:09:41 capital programs.

10:09:43 They have structures, some still 50 to 90 years old.

10:09:47 Their rate increase is definitely helping with that,

10:09:50 the three-year plan that you had previously adopted.

10:09:53 But however, they still have various capital projects

10:09:55 that need to be addressed.

10:09:59 Solid waste, we have spoken about this before.

10:10:01 Solid waste has made various operational changes to try

10:10:05 to save money.

10:10:07 Changing their collection service code revisions.

10:10:13 Their rollback to the '09 levels, tag some of their

10:10:17 transfer station -- taking some of their transfer

10:10:19 station in-house, $1 million savings.

10:10:23 With that we were able to go to the rating agencies and

10:10:26 they did maintain their A rating and their debt

10:10:30 coverage ratio is about 1.25 with the 1.1 requirement.

10:10:35 This is the net present value savings of the bond

10:10:40 issue.




10:10:40 And so that adds up to about $4.8 million, about

10:10:47 635,000 a year and a total savings of 5.7 million from

10:10:52 doing that one bond issue.

10:10:55 These are some of the other programs that solid waste

10:10:57 has done to help save money.

10:11:00 In their department.

10:11:03 The parking fund.

10:11:04 The parking fund is an area where their debt is

10:11:07 increasing substantially this year.

10:11:10 And I am going to show you a graph.

10:11:13 They have reduced their positions, and they have

10:11:15 reduced their capital somewhat.

10:11:17 However, they have an increase in debt service of about

10:11:21 $4 million coming this year.

10:11:23 And when we sold the Tampa general garage, the red

10:11:27 portion of that graph is the debt service and parking.

10:11:30 The red portion we paid off those bonds, but now it

10:11:34 fiscal year '11 and we are back to that blue chart.

10:11:38 So therefore we are having to transfer 1.9 million from

10:11:41 the city, from the general side, from utility tax, to

10:11:44 subsidize that parking area a.

10:11:46 They are using also the rest of their fund balance of




10:11:50 $5.4 million.

10:11:53 If we can make it out to 2020 when the debt really

10:11:57 drops, it will be good and then they won't have any

10:12:00 more debt service.

10:12:01 But these next few years are definitely a challenge.

10:12:05 Stormwater, although included in this section is now

10:12:10 part of public works.

10:12:11 They are continuing with their stormwater program.

10:12:13 Their personnel is down about $1 million and they have

10:12:16 rolled back their operating expenses considerably.

10:12:18 However, we still have some very significant stormwater

10:12:21 projects that I am going to discuss later.

10:12:24 They have some commercial paper outstanding, and will

10:12:28 have to issue bonds to take out that commercial paper.

10:12:30 Overall their budget is declining 2.7 million.

10:12:34 These are some of the stormwater projects.

10:12:36 And stormwater projects, the funding of those projects

10:12:38 are really varying.

10:12:40 Sometimes it's funded just with utility tax.

10:12:43 Sometimes it's a combination of utility tax and grants,

10:12:46 commercial paper, working with the county on projects,

10:12:49 and so we are doing really a good job of leveraging




10:12:52 other people's money for our various projects.

10:12:57 This is what's going to happen with the average utility

10:13:00 bill.

10:13:01 And from the previously adopted rates.

10:13:04 The bill is going to increase about $7.

10:13:08 This is for an average customer.

10:13:09 And up to $88.70 especially for the new council members

10:13:14 that might not know that we have an opportunity for

10:13:17 senior citizens to get a discount if they apply for

10:13:20 this of $3 a month.

10:13:22 And we have over 4300 citizens who actually take

10:13:28 advantage of this program.

10:13:30 However, even despite our increase in our rates, we are

10:13:34 well below other jurisdictions.

10:13:36 You can see they are in our surrounding area.

10:13:42 The capital improvement project.

10:13:45 This is an area that is the main reason why our budget

10:13:49 is increasing this year.

10:13:50 And you can see from last year of $87 million to almost

10:13:54 $136 million this year.

10:13:57 So both are "pay as you go," especially are "pay as you

10:14:03 go" program is increasing $217.6 million.




10:14:08 Moneys from utility tax over 19 million and

10:14:11 transportation impact fees.

10:14:12 This is about 55% greater than our capital improvement

10:14:17 budget last year.

10:14:18 And so projects in the utility tax area include about

10:14:22 $13.5 million for repair and replacement of facility,

10:14:26 our technology investment, and purchase of our TPD

10:14:29 vehicles.

10:14:30 And transportation impact fees, a major project is $16

10:14:34 million for the Tampa Boulevard expansion.

10:14:41 And our investing in neighborhoods program, you can see

10:14:44 there, $10 million that we are finally at that level.

10:14:50 In the resurfacing, sidewalks, traffic calming.

10:14:53 You can see the breakdown where each category is

10:14:55 increasing to get to our $10 million.

10:14:59 We are going to resurface about 37 lane miles during

10:15:03 the year.

10:15:04 We have about 1,000 miles of sidewalks.

10:15:07 We are going to replace 5,000 signs and have various

10:15:12 traffic calming devices.

10:15:15 30 speed tables as well as cul-de-sacs, medians as

10:15:19 well.




10:15:20 The UCAP project, you all everybody probably impacted

10:15:23 by this as you are trying to get around downtown.

10:15:27 UCAP in water, we have various projects in water, the

10:15:33 downtown project, and of course the stormwater project

10:15:35 in Channel District.

10:15:39 Our waterfront has changed incredibly over the past few

10:15:43 years, and these are just some photos of the Museum of

10:15:47 Art, the Tampa Convention Center and Curtis Hixon park.

10:15:51 And then the children's museum.

10:15:53 I included this, but although the city did not invest

10:15:56 in the museum it, the city did donate land, and so that

10:15:59 is another example of partnership within the city.

10:16:05 From the street resurface, about $5.2 million, and

10:16:12 street signs 900,000 up 20% from fiscal 2010.

10:16:17 Sidewalks increasing 44%.

10:16:24 And 40th Street for eight years, I talked about 40th

10:16:27 Street.

10:16:28 So now we have segment E complete.

10:16:30 Segment D complete.

10:16:32 Segment B complete.

10:16:33 Segment C to be completed by the end of this calendar

10:16:37 year.




10:16:37 And segment A by spring of '11.

10:16:40 And as the mayor says, by the end of March.

10:16:43 So this main transportation project of this

10:16:46 administration will be complete, and here is the before

10:16:51 and after picture whereof we are on 40th Street.

10:16:55 We have various on the capital improvement programs.

10:17:01 Bayshore Boulevard, and Rome and Swann for some bicycle

10:17:07 improvements.

10:17:07 This will be done in phases.

10:17:08 They will begin construction in the fall.

10:17:13 This is a photo of duck Donut bond.

10:17:18 You can see the incredible flooding occurring there on

10:17:20 oh Fowler Avenue.

10:17:21 And this is a joint project with Hillsborough County.

10:17:23 Alline Avenue, we are going to issue stormwater bonds

10:17:29 to fund this project.

10:17:32 We have already covered the parts of getting water out

10:17:34 of people's homes but you can see the great flooding

10:17:36 that has occurred in the South Tampa area.

10:17:40 We have various canals that we will be addressing in

10:17:43 this budget as well.

10:17:45 Sediment that has -- contaminants that are existing and




10:17:50 sediment removing in the waterways.

10:17:53 Our capital improvement program is all on the web.

10:17:57 And so as people go to the Web site that's listed

10:18:01 there, you can look at a specific capital project.

10:18:06 All details are in the budget as well.

10:18:15 Once again the city received the budget presentation

10:18:18 award from the GFOA for the budget and I will answer

10:18:26 any questions.

10:18:26 >>MARY MULHERN: Thanks, Bonnie.

10:18:32 I guess that was easy to follow after my fourth year of

10:18:35 watching it.

10:18:36 I have a couple of questions.

10:18:37 The TPD vehicle replacement, what is the total cost of

10:18:43 what we are planning right now?

10:18:45 >> 3.9 million.

10:18:54 >>MARY MULHERN: That's the total?

10:18:55 Okay.

10:18:56 My question was, we paid for that Mercury study of the

10:19:03 fleet.

10:19:05 And did they do a portion that looked at TPD vehicles?

10:19:14 Is there a portion of that study that looked at that?

10:19:17 >> I am not certain.




10:19:17 >>MARY MULHERN: I just wondered because I was

10:19:20 impressed with the presentation they did, and just

10:19:24 wondering if we are going to implement any of those

10:19:28 that they recommended.

10:19:28 >>BONNIE WISE: Some of the things we have implemented,

10:19:31 some of the right sizing of the vehicles and the fleet,

10:19:33 and that was actually -- I had not mentioned that.

10:19:37 We are implementing.

10:19:40 >>STEVE DAIGNAULT: Public works and utility services.

10:19:44 To answer your question, we looked at in the Mercury

10:19:47 study all of the civilian vehicles.

10:19:49 We did not look at marked vehicles for police or fire

10:19:53 in that study.

10:19:54 >>MARY MULHERN: So they didn't study that at all?

10:19:56 >> They did not.

10:19:57 >> But that's something to look into because they had a

10:19:59 lot of great recommendations for the civilian --

10:20:03 >>STEVE DAIGNAULT: We are implementing as Bonnie said

10:20:06 much --

10:20:07 >>MARY MULHERN: I know, but for TPD?

10:20:10 >> Just for their civilian side, not for marked

10:20:13 vehicles.




10:20:13 >>MARY MULHERN: Then what was the other question I

10:20:18 had?

10:20:20 Okay, I don't think I saw it in all these graphs and

10:20:25 charts, but you showed us the 17% of that pie chart.

10:20:34 Let me find that.

10:20:35 I saved that page.

10:20:36 Yeah, the general utility tax and other tax funds.

10:20:40 17% was fees charged.

10:20:43 74 million.

10:20:44 And then does that include the franchise fees?

10:20:51 The 27.8 million for franchise fees?

10:20:55 >>BONNIE WISE: Electric franchise fees is actually in

10:20:57 that lower right.

10:20:59 >>MARY MULHERN: Separate, okay.

10:21:00 I was looking for something for comparison, a year to

10:21:03 year comparison on the fees.

10:21:07 That's not in here, is it?

10:21:09 >>BONNIE WISE: No.

10:21:09 I have it.

10:21:10 >>MARY MULHERN: That would be great to see if we could

10:21:13 see year to year comparison and also a breakdown of

10:21:16 what the total amounts and the fees were for different




10:21:18 kinds of fees.

10:21:21 >>BONNIE WISE: The budget book is in your office, but

10:21:23 in the budget books there is aside by side comparison

10:21:27 of the various general fund revenues, and you can see

10:21:30 it.

10:21:30 >>MARY MULHERN: Okay.

10:21:33 Year to year.

10:21:35 That's great.

10:21:37 Then you were saying that you moved transportation out

10:21:40 of public works.

10:21:41 Is that a recent --

10:21:45 >>BONNIE WISE: Fairly recent.

10:21:46 It is now its own separate department.

10:21:48 >>MARY MULHERN: So our transportation department is

10:21:50 its own department.

10:21:52 >>BONNIE WISE: Reporting directly to Steve Daignault.

10:21:55 >>MARY MULHERN: So under public works but its own

10:21:57 department?

10:22:00 >>BONNIE WISE: Steve is the administrator for public

10:22:01 works and utility services.

10:22:02 So --

10:22:04 >>MARY MULHERN: So where was transportation before?




10:22:07 >>BONNIE WISE: It was reporting to IRV Lee as the

10:22:09 public works.

10:22:10 >> So it's kind of separated out instead of under that.

10:22:13 Okay.

10:22:14 And have there been changes in that personnel budget?

10:22:20 >> Not materially.

10:22:25 >>MARY MULHERN: Okay.

10:22:28 One other question.

10:22:31 The pension contributions have gone up so much in the

10:22:33 last three years.

10:22:34 Is that because of the increasing costs of medical and

10:22:40 insurance?

10:22:41 Or is it because we have more people in the system?

10:22:44 How do you explain how much it gone up?

10:22:46 >> The pension increases?

10:22:49 It is not because we have more people, because we

10:22:50 actually -- well, we have fewer employees but we have

10:22:54 more retirees, of course.

10:22:56 It is really due to the stock market that has occurred

10:22:59 in calendar year '08.

10:23:03 >>MARY MULHERN: Because of our investment of the

10:23:05 pension funds.




10:23:06 >> Right.

10:23:07 >>JOSEPH P. CAETANO: Ms. Wise, on the parking fund,

10:23:11 you are proposing to transfer some $2.1 million from

10:23:15 the enterprise fund for the purchase of the new meters

10:23:21 they want to put in?

10:23:35 >>STEVE DAIGNAULT: It's a million dollars.

10:23:37 I'm not sure where you are getting that number.

10:23:40 >>JOSEPH P. CAETANO: 1.1 million I think you have in

10:23:42 that fund.

10:23:42 And we are proposing to make a purchase of about $2.1

10:23:47 million for the new meters.

10:23:49 And yet we are going to transfer 1.9 million from the

10:23:53 general fund to the parking fund.

10:23:55 >>BONNIE WISE: Actually, the million dollars that you

10:23:58 are referring to was from fiscal year '10 moneys.

10:24:01 It is not relate it to the fiscal year '11 budget.

10:24:04 >>JOSEPH P. CAETANO: Okay.

10:24:05 Thank you.

10:24:05 >>THOMAS SCOTT: Any other questions?

10:24:10 Okay.

10:24:10 >>BONNIE WISE: Thank you very much.

10:24:12 >>THOMAS SCOTT: Thank you, Mrs. Wise.




10:24:15 Thank you council, any on the questions?

10:24:16 If not, then we will stand in recess for five minutes

10:24:20 and then the CRA will convene.

10:24:23 Thank you.

10:24:24 (City Council adjourned)



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