CITY COMMISSION WORKSHOP on 2024-08-20 11:30 AM - Joint Workshop with Budget Advisory Board

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Fort Lauderdale City Commission 1h 12m 5 speakers 8 agenda items transcribed 4 days ago official recording ↗

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What is the purpose and agenda of the City Commission‑Budget Advisory Board joint workshop?

Dean Trantalis 0:00

Okay. Good morning everybody and welcome to the City Commission Budget Advisory Board joint uh workshop. I appreciate everybody uh who's in attendance here today for coming and uh uh we have a lot to talk about this morning so Um I'm gonna I'm going to uh uh invite Jeff Lowe. Jeff, the chair of the uh the budget advisory board, if you could please uh come to the podium and uh please introduce the the program.

Jeff Lowe 0:36

Sorry, I covered it up. Thank you. Okay, good morning, Mayor, Vice Mayor and members of the Commission. Um I want to begin by thanking each of you that took the time out to meet with me to share your thoughts and guidance relating to the fiscal year twenty five budget. I shared each of your priorities with the entire BAB. As this was able to assist us during this process. I would also like to thank my fellow FAD members who some are in attendance today. Um, for all their hard work, dedication during the budget process. I would also like to thank the budget office and the city manager's office for all the time, direction and guidance. Since our last meeting there are a couple of business updates. First, the BAP met twice since our last joint meeting to discuss the proposed budget and had related discussions in July and August.

Jeff Lowe 1:31

Secondly, Bob Biab had several discussions about unfunded community investment plan projects. Most recently at our meeting last week. Bab is supportive of developing a plan. To address how to fund these general government projects and address the issues such as bridges, sidewalks, and streets. This will likely require a geo bond. and or a dedicated part of the military. Bab will look into this in greater detail after the condition assessments are back. Three BAB recommendations have been made since the last meeting. And with the commission and is in part of your funded packages today. Bab unanimous unanimously supports the proposed budget as amended for FY twenty five. BAP had several ongoing conversations as it related to the not for profits and recommended changes for FY twenty six.

Jeff Lowe 2:33

In our communications to the city commission, this is outlined in greater detail. Gurz Cola. BAB recommends not doing this in fiscal year twenty five, instead waiting till next fiscal year to consider the potential increase in the military or sunsetting of the CRA for funding purposes. Bab also had several discussions regarding special events and how to fund them. It was recommended creating a sponsorship committee. To work in partnership with the city for some of the larger city funded events. I want to thank you all for the opportunity to serve in this capacity and I'll be happy to field any questions that the Commission may have at this point. Uh does anyone

Dean Trantalis 3:20

from the Commission have any questions of Mr. Lowe? I I do. Um you the last comment you made with regard to the general employees retirement system, yours, you said um it's the recommendation to perhaps put it put the consideration over to the next fiscal year because you feel that there would be f some f funding sources uh coming from the retire the sunsetting of the CRA that would uh allow us to pay for that. Um, do you know uh approximately how much money the city would be In title two, once the CRA is sunseted, has that figure been established yet? Uh I believe so. About twelve million. Twelve million to the city alone.

Jeff Lowe 4:05

Correct.

Dean Trantalis 4:07

Okay. Um because I know we've we've We've uh have a lot of ideas for that money so So so th we'll have to have a separate conversation on that. But I just wanted to get an idea as to what we're talking about. And also one of the considerations regarding GERS was either do it in lump sum or or over a period of years, correct? And still uh still be able to accomplish the same thing. Okay. I just wanted to make sure. And that in that several years uh approach was about how much per year, do you recall? Was at one point It was

Jeff Lowe 4:43

more than that. Uh Laura's got the book.

Unknown 4:54

It was two point one to two point eight depending on

Dean Trantalis 4:56

Okay. So it's in the two po two million. Five to

Unknown 4:59

seven years is two point one, two point eight.