Budget Committee

601 W. Jefferson Street Louisville Metro Government Louisville, KY 40202 Action Summary - Final Budget Committee Chair Person Bill Hollander (D-9) Vice Chair Kevin Kramer (R-11) Committee Member Keisha Dorsey (D-3) Committee Member Barbara Sexton Smith (D-4) Committee Member Paula McCraney (D-7) Committee Member Pat Mulvihill (D-10) Committee Member Cindi Fowler (D-14) Committee Member Scott Reed (R-16) Committee Member Markus Winkler (D-17) Committee Member Anthony Piagentini (R-19) Committee Member Brent Ackerson (D-26) Monday, June 15, 2020 3:00 PM Council Chambers THIS IS CONSIDERED A SPECIAL MEETING. Call to Order Chair Person Hollander called the meeting to order at 3:03 p.m. Roll Call Chair Person Hollander introduced the committee members and non-committee members present. A quorum was established. *NOTE: All committee members and non-committee members present attended virtually. Present: 11 - Chair Person Bill Hollander (D-9), Vice Chair Kevin Kramer (R-11), Committee Member Keisha Dorsey (D-3), Committee Member Barbara Sexton Smith (D-4), Committee Member Paula McCraney (D-7), Committee Member Pat Mulvihill (D-10), Committee Member Cindi Fowler (D-14), Committee Member Scott Reed (R-16), Committee Member Markus Winkler (D-17), Committee Member Anthony Piagentini (R-19), and Committee Member Brent Ackerson (D-26) Non-Committee Member(s) Council Member Nicole George (D-21), Council Member Madonna Flood (D-24), Council Member Brandon Coan (D-8), Council Member Kevin Triplett (D15), Council Member Donna Purvis (D-5), Council Member Rick Blackwell (D-12), Council Member Marilyn Parker (R-18), and Council Member James Peden (R-23) Support Staff LaTonya Bell, Metro Council Finance Staff Beth Stenberg, Metro Council Finance Staff Louisville Metro Government Page 1 Budget Committee Action Summary - Final June 15, 2020 Clerk(s) Connie Dearing, Assistant Clerk Sonya Harward, Clerk Special Discussion ID 20-0766 UPDATE ON THE REVENUE FORECAST FOR FISCAL YEAR 2020 AND FISCAL YEAR 2021- Daniel Frockt Attachments: Presentation - Council Overview FY21 6-15-20.pdf Daniel Frockt, Office of Management and Business, gave a presentation. The following spoke to the item: -Council Member Piagentini -Council Member Winkler -Council Member Hollander The following topics were discussed: -Future use of the "Rainy Day Fund" -Economic and health policies -Paycheck Protection Plan -Usage of the Cares Act funding -Projection of the budget without layoffs or furloughs -Federal government guidance -Costs outside of human services and direct delivery response, substantially dedicated personnel costs will be in the $17 million - $18 million dollar range for the balance through December of next year as an estimate -$300 million will be going to the other 115 counties in Kentucky from the State level -Concerns about the rebound of the hospitality industry -Second round of the Paycheck Protection Plan -Protesting having an impact on the hospitality industry rebounding Louisville Metro Government Page 2 Budget Committee Action Summary - Final June 15, 2020 ID 20-0768 CARES ACT FUNDING OPTIONS - Mary Ellen Wiederwohl Attachments: Eviction Prevention CRF Proposal as of June 15.pdf Small Business CRF Proposal as of June 15.pdf Mary Ellen Wiederwohl, Louisville Forward, gave a presentation. The following spoke to the items: -Council Member Kramer -Council Member Coan -Council Member Piagentini -Council Member Hollander -Council Member Winkler -Council Member Mulvihill -Council Member McCraney -Council Member Reed -Council Member Peden -Council Member Flood -Council Member Fowler The following topics were discussed: -Contractors for the dispersal of monies to small businesses -New business agencies are not eligible, but can apply through METCO -Cares Act funding is mostly for operational costs -Structure of the grant funding -Reporting monthly to Metro Council from Louisville Forward -Fair and equitable way of allocating the grant money throughout each Council district -Deadline for spending the $134 million, under current law, is December 31, 2020 -An estimate of half of the $134 million will be needed for health related expenses in connection with COVID-19 -Some of the funding can be used for Public Safety -Money must be used for COVID-19 related expenses -The deadline for the eviction funding expires July 31, 2020 -Tenant based approach of $6 million would be available, and the landlord based approach of $15 million regarding eviction funding -121,000 rental spaces in the community -Is the system being used for applicants ready for the influx -Alternative uses of funds, human services, homeless services, some capital investments, mostly operational investments -The grantees are required to report every two months, and payment is pending on the reporting -All money appropriated will eventually go through an audit -Temporary employees will be hired to staff the small business side of applicants -Resilience and Community Services will be able to handle the eviction side of applications -Small business side, agencies who have received Payment Protection Plan funds can make application Louisville Metro Government Page 3 Budget Committee Action Summary - Final June 15, 2020 -Getting workers connected with work for sustainability -2,000 established business with 20 or less employees could theoretically qualify, estimating around 400 could be assisted with funding -No particular business has been discounted Adjournment Without objection, Chair Person Hollander adjourned the meeting at 4:52 p.m. Louisville Metro Government Page 4