FINANCE & PERSONNEL COMMITTEE

City Hall City of Milwaukee 200 East Wells Street Milwaukee, WI 53202 Meeting Minutes FINANCE & PERSONNEL COMMITTEE ALD. MILELE A. COGGS, CHAIR Ald. Chantia Lewis, Vice-Chair Ald. Terry L. Witkowski, Ald. Michael J. Murphy, and Ald. Russell W. Stamper, II Staff Assistant, Chris Lee, 286-2232; Fax: 286-3456, clee@milwaukee.gov Legislative Liaison, Dana Zelazny, 286-5679, dana.zelazny@milwaukee.gov Friday, October 5, 2018 8:30 AM Room 301-B, Third Floor, City Hall 2019 BUDGET HEARINGS Meeting convened at 8:38 a.m. Present 4 - Coggs, Lewis, Witkowski, Stamper Excused 1 - Murphy Individuals also present: Martin Matson, Comptroller Dennis Yaccarino, Budget Director Dana Zelazny, Legislative Reference Bureau 1. 180001 Communication from the Mayor relating to the proposed 2019 budget. Sponsors: THE CHAIR -Budget Overview (Given by COA's Budget Director) Budget Overview Presentation: Presentation Goals, Pension 2018 Payment, Pension 2019 Payment, Pension Future Payments, Future Pension Payments, Using the Pension Reserve Funding for Alternative Expenditures, 2019 Budget, 2019 Proposed Tax Levy: Distribution by Budget Section/Purpose, City of Milwaukee 2019 Revenue Sources: Tax Levy Supported Budget, 2019 Proposed General City Purposes Budget: Expenditures, State Shared Revenue/ERP Trend, Limits on Revenue Options, Growth of Debt Service Levy and Employer Pension Contribution as a Percentage of Total Levy, Employee Health Care Benefits and Employer Pension Contributions as a Share of Tax Levy and Shared Revenue: 1995, 2013 and 2019 Proposed, 2019 Proposed Budget "Bottom Line", Proposed 2019 Budget Impact on Typical Household, Caution This Budget was NOT ACTED ON -Capital Improvement Overview Individual appearing: City of Milwaukee Page 1 FINANCE & PERSONNEL Meeting Minutes October 5, 2018 COMMITTEE William Christianson, Budget Office Capital Improvement Overview Presentation: 2019 Proposed Capital Budget Summary; Levy-supported Capital; Enterprise Funds; Outlook for 2019-2024 Capital Improvements Plan; Levy Supported GO Borrowing in Capital Budgets, 2013-2018 Adopted, 2019 Proposed, and 2020-2024 Planned; Key Takeaways This Budget was NOT ACTED ON -City Revenue / City Debt Individual appearing: William Christianson, Budget Office City Debt Presentation: Community Goals & Objectives, Controlling Debt, Levy-supported Debt as a Percentage of Equalized Value, 2019 Proposed City Debt Budget Individual appearing: Eric Pearson, Budget Office General City Revenues Presentation: General City Purposes Budget Revenue, Revenue Strategic Overview, Trends in State General Purpose Revenue (GPR) and MKE Shared Revenue/ERP Aid: 2003 and 2019, State Shared Revenue/ERP Trend, 2019 Proposed Budget Changes Ald. Coggs left the meeting at 9:31 a.m. This Budget was NOT ACTED ON -Grant & Aid Fund Individual appearing: Eric Pearson, Budget Office Grant & Aid Fund Presentation: 2019 Budget Summary, Projected Operating Grant Funding, Key Issues, Grants Expenditures vs CDBG & Home Grant Awards, This Budget was NOT ACTED ON --CC Contingent Fund Individual appearing: Eric Pearson, Budget Office CC Contingent Fund Presentation: Purpose of Contingent Fund, 2019 Budget Summary, Contingent Fund Usage, Percent of Contingent Fund Used This Budget was NOT ACTED ON -Tax Stabilization Fund This item was discussed along with General City Revenues. City of Milwaukee Page 2 FINANCE & PERSONNEL Meeting Minutes October 5, 2018 COMMITTEE This Budget was NOT ACTED ON A motion was made by ALD. STAMPER that this Budget be HELD TO CALL OF THE CHAIR. This motion PREVAILED by the following vote: Aye 3- Lewis, Witkowski and Stamper No 0 Excused 2- Coggs and Murphy Meeting adjourned at 9:58 a.m. Chris Lee, Staff Assistant Council Records Section City Clerk's Office This meeting can be viewed in its entirety through the City's Legislative Research Center at http://milwaukee.legistar.com/calendar. City of Milwaukee Page 3