HomeMy WebLinkAbout2021-09-21 Finance Committee Action MinutesACTION MINUTES
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Finance Committee
Special Meeting
September 21, 2021
Virtual Only
The Finance Committee of the City of Palo Alto met on this date in virtual
teleconference at 6:00 P.M.
Present: Burt, Cormack, Filseth
Absent:
Agenda Items
The agenda was reordered to hear Item 3 first and Item 1 last.
3. Update and Refinement of Potential Revenue Generating Local Ballot
Measure.
MOTION: Council Member Filseth moved, seconded by Chair Cormack to
recommend the City Council direct staff to:
A. Continue to evaluate business tax based on square footage with
potential protection/deference to small retail and services and a view
toward simplicity in administration (10-40 million dollars per year),
with no sunset, an annual escalator, and consider a minimum
threshold of square footage
B. Model a Utility User Tax increase in gas to restore the amount at risk
from the Green litigation
C. Polling should also include:
i. Support for a business tax and characteristics of it
ii. Willingness to support an equity gas transfer
iii. Opinion and ranking of funding priorities such as services,
infrastructure and climate action
D. Delegate review of the polls to the Finance Committee, pending ability
to stay on the timeline
ACTION MINUTES
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Sp. Finance Committee Meeting
Action Minutes: 09/21/2021
E. Direct staff to communicate Finance Committee’s preferences of the
sunset and the annual escalator to the Council
MOTION PASSED: 3-0
The Committee adjourned to a break at 8:40 and returned at 8:45 pm.
2. Review and Recommend to the City Council a Fire Department
Ambulance Subscription Program: 1) Adopt Ordinance to Establish
Program and Fees, and 2) Approval of a Budget Amendment in the
General Fund.
MOTION: Vice Mayor Burt moved, seconded by Council Member Filseth to
recommend the City Council:
A. Approve a new Ambulance Subscription Program and associated fees
for Residential and Business Participants;
B. Adopt the Finance Committee’s recommended fees including the
adoption of an Ordinance amending the Fiscal Year 2022 Municipal Fee
Schedule, with a monthly fee of $8 for residents and the 5 tiers of
rates for businesses based on employee headcount; and
C. Approve budget amendments, as necessary, to begin and maintain
this program.
MOTION PASSED: 3-0
1. Accept CalPERS Pension Annual Valuation Report as of June 30, 2020.
MOTION: Chair Cormack moved, seconded by Council Member Burt to
recommend the City Council accept the June 30, 2020 CalPERS Annual
Valuation reports for the Miscellaneous and Safety Pension Plans.
MOTION PASSED: 3-0
Adjournment: The meeting was adjourned at 9:39 P.M.