City Council Meeting

Daniel AlexanderstaffIf need be, those dollars are available in this arrangement. And then we also want to reflect that we anticipate lost revenue for old town hall opening in October as opposed to July. And so we want to make sure that we recognize the potential for essentially 10,000 or so dollars a month in lost revenue for that delay. Total revenue impact under the scenario in the positive at $2.8 million. And so we'll shift to the expense side. Under this arrangement, we are anticipating, as was proposed, the full school bond payment. We have the VDOT payment at $1.1 million included in here. We have Beacon Landing tax grant in at $115,000. I'll say, you know, relative to this number here is that that is a year-to-year.

the loss revenue and real estate. everything else remains the same the total revenue impact in this scenario was a negative 74 000 as you look at the expense side our approach to school bond payment is the same as scenario three b dots in in this scenario beacon landing is out the increase to health care is there there are no additional reallocation of those positions in this the 1% for public safety stays in. We have significant reductions to both economic development and renaissance under this and the total expense impact is in the negative 88,457 with a net difference of 13,524. Our last scenario. And scenario five has the current real estate rate, everything else remaining the same, I think from the previous scenario to include the reintroduction of,

Thomas Petersonand sober approach, but it's not a pessimistic approach. I think that's the right posture to have here. Appreciate Beacon Landing being retained in here, so that's a critical thing that is protected in here. And then maybe by way of clarification, my understanding is that the stabilization approach we're taking here, which as you say is consistent with our neighbors throughout the region, is we're holding staff steady. We're taking care of staff in terms of the increases, but we're not expanding staff, with the exception of two supercritical positions here, an energy programs manager and then a crime safety analyst. And those, from my standpoint, are supercritical and are justified, and I appreciate you finding a way

Gwen RiddlestaffAbsolutely, so it's real estate at rate of 107 to five cents The personal property stays as is The B pull for professional goes to point four five B-POL for services stays as presented. No change to the TOT goes to 9% or projected 9%. Staying with the third-party transfer and the delay. And then on the expense side, removing the school bond principal payment, VDOT payment stays in. Beacon landing grant stays in. The health insurance increase stays in. Personal expense savings comes out. The energy programs manager is included. The community safety analyst is approved, but using funds that police already has. Additional 1% public safety COLA on January 1st. Additional ALS pay of $52,000. on W for January half the year, no funding for economic development,