* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.
          [00:00:01]
          GOOD EVENING. 
          I CALL THIS 
          [CALL TO ORDER]
MEETING OF THE RICHARDSON CITY COUNCIL TO ORDER AT 6:00 PM WE WILL START OFF 
          [A. PUBLIC COMMENTS ON AGENDA ITEMS AND VISITORS FORUM]
WITH ITEM A PUBLIC COMMENTS ON AGENDA ITEMS AND VISITORS FORUM. 
          MR. MAGNER, UH, THANK YOU, MAYOR MARION. 
          COUNCIL. 
          WE DID RECEIVE ONE CARD IN ADVANCE OF THE 5:00 PM DEADLINE FROM KELLY MADDEN OF THREE 15 NORTHVIEW DRIVE AND RICHARDSON. 
          UM, IT'S REGARDING A, UH, A DA RAMP. 
          AND, UM, I AM HAPPY TO REPORT THAT THAT ISSUE WAS, UH, RESOLVED AND, UH, THE IMPROVEMENT HAS BEEN FACILITATED. 
          SO THANK MS. MADDEN FOR BRINGING THAT TO OUR ATTENTION. 
          I ALSO KNOW THAT WE HAVE ONE, UH, VISITOR WHO IS IN PERSON. 
          SO, UM, MAYOR, IF YOU WILL, I'LL GO AHEAD AND JUST READ SOME INSTRUCTIONS. 
          UM, UH, ALL SPEAKERS SHOULD COMPLETE A PUBLIC COMMENT CARD AND SUBMIT IT TO THE CITY SECRETARY BEFORE THE MEETING BEGINS. 
          SPEAKERS WILL BE CALLED IN THE ORDER THEY'RE RECEIVED. 
          WHEN YOUR TIME, WHEN YOUR NAME IS CALLED, PLEASE STEP TO THE PODIUM AND STATE YOUR NAME AND ADDRESS FOR THE RECORD. 
          ALL SPEAKERS WILL BE LIMITED TO A MAXIMUM OF FIVE MINUTES, AS INDICATED BY THE TIMER. 
          WHEN THE TIMER BEEPS, THE SPEAKER SHOULD CONCLUDE THEIR COMMENTS PROMPTLY. 
          SPEAKERS MUST NOT PHYSICALLY APPROACH MEMBERS OF THE COUNCIL OR STAFF, AND SHOULD REMAIN AT THE PODIUM DURING THEIR COMMENTS. 
          SPEAKERS WITH HANDOUTS MUST PROVIDE THEM TO THE CITY SECRETARY FOR DISTRIBUTION. 
          THE TEXAS OPEN MEETING ACT PROHIBITS THE CITY COUNCIL FROM DISCUSSING OR TAKING ACTION ON ITEMS THAT ARE NOT POSTED ON THE AGENDA. 
          CITY COUNCIL AND STAFF WILL NOT AFFIRM OR OPPOSE ANY SPEAKER COMMENTS OR QUESTIONS. 
          THE MAYOR, CITY MANAGER MAY RESPOND WITH FACTS OF POLICY OR DIRECT CITY STAFF TO RESPOND TO THE SPEAKER. 
          AFTER THE MEETING, THE AUDIENCE HAS ASKED TO REFRAIN FROM APPLAUDING OUR EXPRESSIONS OF SUPPORT OR OPPOSITION, A COPY OF THE COUNCIL RULES OF ORDER AND PROCEDURE, AND THESE GUIDELINES MAY BE FOUND ON THE CITY'S WEBSITE. 
          AT THIS TIME, I WOULD ALSO LIKE TO REMIND EVERYONE TO SILENCE THEIR CELL PHONE FOR THE DURATION OF THE MEETING. 
          MS. EMER, ONE SPEAKER TONIGHT, MAYOR VALERIE SCHOUP. 
          GOOD EVENING, EVERYBODY. 
          I'M SO HAPPY TO BE HERE. 
          MY NAME'S VALERIE CHU AND I'M WITH HERITAGE INSTITUTE OF SUSTAINABILITY, AND I'M, UH, REPRESENTING THE TEXAS MS PAY AUTHORITY. 
          MS. SHEEP, IF YOU DON'T, YEAH. 
          69. 
          39 WINTER WOOD LANE. 
          THANK YOU. 
          IN DALLAS, TEXAS. 
          UM, SO WE HAVE A CONTRACT WITH, UM, DALLAS COUNTY TO EDUCATE ALL THE CITIES ON TEXAS PACE AUTHORITY, AND THAT'S WHY I'M HERE TONIGHT. 
          SO, WHO IS TEXAS PACE AUTHORITY? TEXAS PACE AUTHORITY WAS FOUNDED IN 2015 AS A NONPROFIT ORGANIZATION WITH THE GOAL OF STREAMLINING THE IMPLEMENTATION OF PACE FUNDED CLEAN ENERGY PROJECTS IN TEXAS USING THE PACE IN A BOX MODEL. 
          WHAT IS PACE IN A BOX? UH, THE TEXAS LEGISLATURE PASSED, UH, BILL SB 3 85, THE PACE ACT IN 2013, ENABLING LOCAL GOVERNMENTS TO CREATE PROPERTY, ASSESS CLEAN ENERGY PACE DISTRICTS. 
          PACE IS A VOLUNTARY PROGRAM, ALLOWING PROPERTY OWNERS TO MAKE ENERGY AND OR WATER RELATED IMPROVEMENTS AND PAY FOR THEM OVER A PERIOD OF UP TO 20 YEARS THROUGH AN ASSESSMENT ON THEIR PROPERTY. 
          THIS PROGRAM LEVEL SUPPLYING FIELD FOR BUSINESSES THAT PREVIOUSLY HAD FINANCING BARRIERS TO UPGRADE THEIR BUILDINGS. 
          GOVERNMENT BUILDING ADMINISTRATORS CAN APPLY FOR LONG-TERM FINANCING THROUGH CCO TO SUPPORT ENERGY EFFICIENCY PROJECTS. 
          NOW, BUILDING OWNERS CAN GET LONG-TERM FINANCING THROUGH THE TEXAS PACE IN A BOX PROGRAM. 
          THIS PROGRAM ALLOWS ENERGY EFFICIENCY UPGRADES TO BE PAID FOR THROUGH ENERGY SAVINGS, TO DEPRECIATION AND TAX INCENTIVES. 
          THE GOAL IS TO HAVE A SAVINGS INVESTMENT RATIO OF ONE SO THAT THE BUSINESSES REALIZE NO OUT-OF-POCKET EXPENSES. 
          SO WHY IS THIS IMPORTANT? UH, IT'S CRITICAL TO THE RELIABILITY OF THE TEXAS ENERGY GRID. 
          ELECTRICITY DEMAND ACROSS THE TEXAS MARKET IS SET TO RISE UP TO 218 GIGAWATTS BY 2031. 
          ACCORDING TO THE LATEST ESTIMATE BY ERCOT, THE PROJECTED INCREASE REPRESENTS, UH, UH, GROWTH OF 150 GIGAWATTS. 
          THE CURRENT PEAK DEMAND IS ONLY 85 GIGAWATTS, AND IT WAS SET DURING THE 2023 RECORD BREAKING HEAT WAVE. 
          SO WE'RE HERE TO ENCOURAGE CITIES TO ALLOW TEXAS PACE TO SPEAK TO THEIR CHAMBER MEMBERS AND TO ENCOURAGE BUSINESSES TO REDUCE ENERGY CONSUMPTION, TO SET AGGRESSIVE ENERGY REDUCTION GOALS, AND TO CONSIDER CREATING FOUNDATIONS FOR MATCHING TPA GRANTS TO REDUCE THE LOAD ON THE TEXAS ENERGY GRID. 
          WITH THE RISING PRICES AFTER COVID-19, IT'S OFTEN DIFFICULT TO GET THE PAYBACK REQUIRED TO MEET THE SIR OF ONE OF ONE. 
          SO, THROUGH CITY FOUNDATIONS PROVIDING MATCHING GRANTS, IT WOULD BENEFIT THE CITY AND THE TEXAS ENERGY GRID. 
          IT IS GREAT FOR THE CITY'S ECONOMIC DEVELOPMENT. 
          IT'S GREAT FOR LOCAL CONTRACTORS, BANKS, BUSINESSES, AND IT'S GOOD FOR THE COMMUNITY OVERALL. 
          SO, WHY 
          [00:05:01]
LOCAL BANKS CAN BECOME PAYS LENDERS, LOCAL CONTRACTORS CAN BECOME TRAINED AND BECOME, UH, PAY SERVICE PROVIDERS. 
          LOCAL BUSINESSES CAN UPGRADE THEIR EQUIPMENT AND REDUCE ENERGY CONSUMPTION, AND THE ENERGY GRID WILL BE MORE RELIABLE. 
          FOR THE CITY OF RICHARDSON, TEXAS PACE AUTHORITY HAS HELPED TO MAKE A SUSTAINABLE ENERGY GRID A REALITY. 
          SO THE NEXT STEPS, WHAT CITIES TYPICALLY DO IS ARRANGE FOR A BREAKFAST COFFEE. 
          THE CITY PROVIDES A SPACE IN TEXAS PAY SPRINGS IN THE COFFEE AND DONUTS. 
          THE CITY INVITES BUSINESSES TO COME TO A COFFEE AND TPA PRESENTS. 
          WE HOPE THE CITY OF RICHARDSON MIGHT BE INTERESTED IN ALLOWING US TO HOST A COFFEE. 
          ADDITIONALLY, SOME CITIES HAVE POSTED LINKS TO TPA ON THE ECONOMIC DEVELOPMENT WEBSITE AS ANOTHER TOOL FOR BUSINESSES TO USE IN THEIR, IN, UM, THEIR PLANNING FOR RENOVATIONS AND EXPANSIONS. 
          SO, THANK YOU FOR YOUR TIME THIS EVENING, AND PLEASE FEEL FREE TO REACH OUT TO ME OR TEXAS PACE AUTHORITY FOR FURTHER INFORMATION. 
          THANK YOU. 
          THANK YOU, MA'AM. 
          ARE THERE ANY OTHER SPEAKERS, MS. NEER? NO OTHER SPEAKERS. 
          MAYOR. 
          ANYONE ELSE IN THE AUDIENCE LOOKING TO SPEAK? ALL RIGHT. 
          SEEING NONE, 
          [B. REVIEW AND DISCUSS THE CITY MANAGER’S PROPOSED BUDGET FOR FISCAL YEAR 2025-2026]
WE'LL MOVE ON TO ITEM B, REVIEW AND DISCUSS THE CITY MANAGER'S PROPOSED BUDGET FOR FISCAL YEAR 20 25, 20 26. 
          MR. MAGNER. 
          THANK YOU, MAYOR. 
          MAYOR AND COUNCIL. 
          UM, WE ARE VERY EXCITED, UM, FOLLOWING, UM, YOUR AUGUST 4TH AND FIFTH, UH, BUDGET WORKSHOP, UM, TO REPORT TO YOU THAT, UH, I FILED THE BUDGET ON FRIDAY. 
          I'M HERE TO PRESENT IT TONIGHT. 
          UM, MANY OF THE SLIDES THAT YOU'LL SEE, UH, WILL BE FAMILIAR AND, UM, WHILE I, UH, INTEND TO, UM, NAVIGATE THEM SIMILAR TO WHAT I DID DURING THE BUDGET PROCESS, UM, I WILL BE ABBREVIATED ON SOME SLIDES CONTEXTUALLY. 
          I THINK IT'S STILL IMPORTANT TO COVER THEM AS, UH, SOME RESIDENTS AND OTHER STAKEHOLDERS MAY BE VIEWING, UH, THIS, UH, UH, PRE PRESENTATION IN ISOLATION, UM, AND, UH, NOT HAVE THE, THE GOOD BACKGROUND AND CONTEXT FROM THE BUDGET WORKSHOP. 
          SO, UM, AS I MENTIONED, SOME OF ALL THESE SLIDES WILL LOOK FAMILIAR, BUT, UM, UH, AGAIN, I I THINK IT'S IMPORTANT TO, UH, TO COVER THEM IN ORDER, UH, JUST, UH, AS, AS WE BEGIN, UH, THE EVENING, JUST TO REMIND EVERYBODY WHERE WE ARE. 
          AS I MENTIONED ON FRIDAY, I DID FILE THE BUDGET. 
          UH, TONIGHT'S, UH, PRESENTATION WILL BE FOLLOWED BY, UH, TWO PUBLIC HEARINGS, UH, ONE ON THE, UH, TAX RATE, AND THEN ONE ON, UH, THE BUDGET. 
          AND, UH, THAT EVENING, WE'LL ALSO CONSIDER YOU, UH, WE'LL ALSO ASK YOU TO CONSIDER, UM, ADOPTION OF THE BUDGET. 
          WE'LL, UH, AS WE TALK ABOUT NEXT STEPS, AND AT THE END OF THE, UH, BRIEFING, WE WILL, UH, TALK SPECIFICALLY ABOUT THE DATES AND TIMES FOR THOSE PUBLIC HEARINGS. 
          UM, JUST AS A REMINDER, UM, AS WE LOOK TO WIND DOWN AND KIND OF CONCLUDE THE, UH, UH, TACTICS FOR YOUR, UH, PRIOR TERM, SEVERAL, UH, OF THESE, UH, UH, TACTICS ARE BEING ACCOMPLISHED THROUGH THIS BUDGET DEVELOPMENT PROCESS THAT WAS JUST DESCRIBED. 
          AND, UH, SO ALWAYS IMPORTANT TO REMEMBER, UM, UH, YOU, YOU SET THE TONE, UH, FOR THE BUDGET, UM, EARLY IN YOUR TERM, EACH, UH, EACH TIME YOU, UH, GO ABOUT YOUR GOALS DEVELOPMENT PROCESS. 
          AND WE'RE VERY MINDFUL OF THESE, UM, UH, TACTICS AND, UH, MAKING SURE THAT WE'RE ABLE TO REPORT BACK THAT THEY'VE BEEN, UM, COMPLETED. 
          UH, FOR ANYONE WHO MIGHT BE TUNING IN TONIGHT FOR THE FIRST TIME, THIS BUDGET DEVELOPMENT PROCESS, UH, THEY SHOULD KNOW THAT THE COUNCIL HAS PUT IN, UM, MANY, MANY HOURS OVER THE COURSE OF, UH, ABOUT SIX OR SEVEN DIFFERENT MEETINGS, UM, UH, STARTING WITH OUR, OUR DEEP DIVES, UH, FROM SOME OF OUR PARTNERS LIKE DART NORTH TEXAS WATER DISTRICT TO, UH, MANY OF OUR DEEP DIVES FROM OUR DEPARTMENTS THAT SPEAK, UH, DIRECTLY TO, UH, SOME OF OUR, UH, ONGOING MAINTENANCE STRATEGIES. 
          UH, BUT AS WELL AS, UH, UM, BIG OPERATIONAL IMPACTS AND, UH, LONG-TERM PLANNING IMPACTS LIKE THE WI LIKE THE FIRE DEPARTMENT MASTER PLANNED, UH, ALL IMPORTANT, UM, IN THIS PARTICULAR BUDGET, BUT ALSO AS WE BEGIN LOOKING, UH, TO THE MID AND LONG-TERM BUDGET DISCUSSIONS AS WELL. 
          UH, HERE TONIGHT ON THE 18TH, UH, WE'RE AT THE BUDGET PRESENTATION. 
          THEN, AS I MENTIONED ON THE SEPTEMBER 8TH, THE PUBLIC HEARING ON THE TAX RATE, AND THEN SEPTEMBER 15TH, THE PUBLIC HEARING ON THE, ON THE BUDGET, UH, AND YOUR CONSIDERATION THAT EVENING. 
          UM, THE TONIGHT'S PRESENTATION, UM, WILL FOLLOW, UH, THE FOLLOWING OVERVIEW. 
          UM, WE WILL, UM, GET INTO BRIEFLY HERE, UM, A A DISCUSSION ON OUR BUDGET DRIVERS, UH, YOU KNOW, EACH YEAR AS WE BEGIN TO REALLY THINK THROUGH, UM, AGAIN, NOT ONLY THE, THE, THE, UH, CURRENT YEAR BUDGET AND, UH, HOW TO WRAP THAT UP SUCCESSFULLY, AND THEN TURN OUR ATTENTION TO, UH, BUDGET DEVELOPMENT FOR THE, FOR THE COMING YEAR. 
          UM, UH, UH, THERE'S ALWAYS, UH, SPECIAL CONSIDERATIONS. 
          AND THIS YEAR, UM, OBVIOUSLY SOME OF THE ECONOMIC INDICATORS, UH, LEGISLATIVE IMPACTS ARE HEAVY ON OUR MIND, OUR PROPERTY TAX CONSIDERATIONS A UNIQUE YEAR, UH, TO SAY THE LEAST, WITH SOME OF THE IMPACTS WE'VE HAD. 
          UM, BUT THEN IT'S ALWAYS ALSO IMPORTANT TO LOOK AT THE ECONOMIC OUTLOOK. 
          UM, WE CAN'T DEVELOP A BUDGET, UM, BASED ON A POINT IN TIME. 
          UM, THIS BUDGET IS PART OF A BUDGET STORY THAT ENCOMPASSES, 
          [00:10:01]
UH, PAST AND FUTURE YEARS. 
          AND, AND SO IT'S IMPORTANT TO UNDERSTAND NOT ONLY WHERE WE ARE TODAY, BUT WHERE WE'RE HEADED. 
          UM, MANY OF THE DECISIONS THAT, UM, UM, WENT INTO, UH, MY PROPOSAL TO YOU, UM, FOR, FOR YOUR CONSIDERATION FOR THE BUDGET, UH, ARE PREDICATED ON THINGS TO COME. 
          AND, UH, IT'S IMPORTANT TO LOOK AT THOSE. 
          WE'LL, WE'LL LOOK AT THE KEY FOCUS AREAS. 
          UH, DO A QUICK OVERVIEW OF THE GENERAL FUND HIGHLIGHTS. 
          AGAIN, MANY OF THAT, MUCH OF THAT'LL BE FAMILIAR TO YOU FROM THE DEEP DIVES. 
          UM, FOCUS IN A LITTLE BIT ON THE TAX RATE DISCUSSION, UM, FOR THE FIRST TIME. 
          YOU HAVE THE TOTALITY OF THE BUDGET BEFORE YOU, UM, SO I WANNA SPEND SOME TIME, UM, JUST HIGHLIGHTING THE OTHER FUNDS AND, AND MAKE SURE THAT WE ARE RESPONSIVE TO ANY QUESTIONS THAT YOU HAVE REGARDING THE OTHER FUNDS. 
          UM, UM, AND THEN, UM, FI, UH, FINISH UP THE EVENING BY, UH, TALKING A LITTLE BIT ABOUT DEBT AND THEN SOME FINAL, UH, THOUGHTS AND NEXT STEPS. 
          SO LET'S GET RIGHT INTO SOME OF THE, UH, DRIVERS, UM, AS YOU, THIS SLIDE WILL LOOK FAMILIAR TO YOU. 
          THE FOUR, UH, UH, KEY DRIVERS, UH, THE LATTER BEING, UH, HYPERLOCAL. 
          UM, AS, AS WE TALKED PREVIOUSLY, THE GEOPOLITICAL INSTABILITY AND POLICY UNCERTAINTY, UM, THAT WE ARE EXPERIENCING TODAY ARE, ARE, ARE HAVING, UH, DISRUPTING, UM, GLOBAL, UH, IMPACTS BY DISRUPT, UH, DISRUPTING GLOBAL SUPPLY CHAINS, UM, DRIVING A LOT OF VOLATILITY AND, AND MARKETS AND ALSO ESCALATING ENERGY AND COMMODITY COSTS. 
          UH, PARTICULARLY, UM, SOME OF THE, UM, I THINK CONFLICTS THAT ARE HAPPENING IN, IN THE MIDDLE EAST. 
          THIS IS BEING WATCHED VERY CLOSELY, UM, BY ALL OF THE, UM, UM, SECTORS THAT, UH, THAT WE'RE TRACKING. 
          UH, THESE DYNAMICS ARE CON, ARE CONTINUE TO COMPRESS CORPORATE MARGINS, UH, WHICH HAS, UH, THE, UH, IMPACT, UH, ON, UM, INFLUENCING CAPITAL ALLOCATION AND EXPANSION DECISIONS. 
          WE'VE SEEN, UH, DELAYS IN, UH, PLANNED EXPANSIONS NOW FOR, FOR SEVERAL, UM, MONTHS, ALMOST A YEAR IN SOME CASES. 
          UH, THE COMPOUND TO THE EFFECT OF ALL OF THIS IS THAT IT SLOWS INVESTMENT MOMENTUM. 
          IT HEIGHTENS OUR OPERATIONAL RISK, UM, UH, AND IT ALSO HAS THE, UH, IMPACT OF, UM, OF, UM, INCREASING PRESSURE ON LONG-TERM, OUR LONG-TERM GROWTH STRATEGIES. 
          THIS IS PARTICULARLY IMPORTANT WHEN YOU LOOK AT, UM, OF OUR 7,000 COMPANIES OVER JUST ABOUT 450, JUST OVER 450 OF THOSE COMPANIES ARE MANUFACTURING COMPANIES THAT ARE DEPENDENT ON SUPPLY CHAINS, NOT ONLY WITHIN THE UNITED STATES, BUT INTERNATIONALLY. 
          UM, AND, AND, UH, WE CONTINUE TO, UH, BE VERY MINDFUL OF THAT AND CONTINUE TO TRACK CLOSELY WITH OUR, OUR CORPORATE CITIZENS TO MAKE SURE, UM, THAT, UH, WE UNDERSTAND HOW THIS IS GONNA IMPACT THEM. 
          THESE, SOME OF THESE 450 MANUFACTURING COMPANIES ARE SOME OF OUR LARGEST TAXPAYERS, BOTH IN THE PROPERTY TAX REALM AND THE SALES TAX REALM. 
          AND, UH, WE NEED TO BE MINDFUL OF, OF THAT FOR CERTAIN TARIFFS ARE, ARE, ARE, ARE, ARE OBVIOUSLY, UH, INCREASING THE COST OF GOODS AND MATERIALS, UH, FOR MANUFACTURERS AND RETAILERS, UH, AND CONSUMERS COMPRESSING MARGINS. 
          AND, UM, AND ALSO, UH, IMPACTING CONSUMER PRICES, WHICH, WHICH SLOWS PURCHASING. 
          UM, AT THE SAME TIME, HIGHER OPERATING COSTS. 
          UH, AND, AND RETALIATORY TARIFFS, UH, ARE WEAKENING SOME US FIRMS, UH, GLOBAL COMPETITIVENESS. 
          UH, THAT'S A BIG IMPORTANT PART, UH, UH, PIECE TO THIS, UH, ECONOMIC STORY FOR US, BECAUSE WE HAVE 70 INTERNATIONAL COMPANIES, AGAIN, UM, UH, MANY MORE COMPANIES THAT HAVE INTERNATIONAL LOCATIONS. 
          UM, AS I MENTIONED PREVIOUSLY, A LOT OF THE, UH, SEMICONDUCTOR CHIPS THAT ARE MANUFACTURED RIGHT HERE IN RICHARDSON, TEXAS ARE SENT OVERSEAS TO, UH, HAVE THE, UH, FINISHING, UM, UH, PROCESSING STEPS. 
          AND SO THIS IS A, THIS IS A BIG CONSIDERATION FOR US AS WE LOOK TO THE FUTURE FOR PLANNING. 
          UH, MANY COMPANIES ARE, ARE HAVING TO REEVALUATE THEIR OPERATING MODELS, UH, AND, AND CREATING, IN SOME CASES OPPORTUNITIES FOR US BY RESHORING, UM, AND DIVERSIFYING, DIVERSIFYING SUPPLIERS. 
          ALL OF THESE HAVE AN OPPORTUNITY FOR US TO LEVERAGE LOCALLY, UH, UNDER THE RIGHT CIRCUMSTANCES AND PERHAPS EVEN TURN A POTENTIAL NEGATIVE INTO A, A, A, A STRENGTH FOR, UH, HERE LOCALLY. 
          UM, WE TALKED A LOT ABOUT THE LABOR MARKET AND PERSISTENT LABOR SHORTAGES ACROSS MANY, UH, CRITICAL SECTORS. 
          I THINK OF HEALTHCARE, I THINK OF ENGINEERING AND CONSTRUCTION. 
          AS I, AS I LOOK AT, UM, AS, AS I LOOK AT SOME OF THE INDUSTRIES THAT COUNCIL, UM, THEMSELVES ARE IN, UM, I THINK ATTRACTING ENTERTAINING TALENT. 
          UH, COMPANIES ARE HAVING TO, UH, RAISE WAGES, UH, AS WE ARE AND EXPAND BENEFITS, WHICH WE ARE, UH, WHICH IS DRIVING UP OPERATING COSTS AND PRESSURES, UH, AND PRESSURING MARGINS, PARTICULARLY IN THE PRIVATE SECTOR. 
          BUT AGAIN, A BIG PART OF THE CONVERSATION WE'VE HAD EACH OF THE LAST FEW YEARS IS ALL AROUND, UM, THE DR ONE OF THE MOST, UH, CONSEQUENTIAL DRIVERS IN OUR BUDGET, WHICH IS PEOPLE. 
          IT'S THE PEOPLE THAT ARE OUT THERE EVERY DAY ON THE FRONT LINES DOING THE WORK. 
          UM, AND, AND, AND SOMETHING THAT IS DEFINITELY EMERGING MORE AND MORE, AND THAT WE HEAR FROM EVERY ONE OF THE BUSINESSES, UM, UH, BIG OR SMALL, UH, AND, AND ALMOST REGARDLESS OF THE INDUSTRY IS THE MISMATCH BETWEEN THE AVAILABLE SKILLS, UM, AND THAT BUSINESSES NEED. 
          [00:15:01]
AND, AND PARTICULARLY IN, IN THE REALMS OF TECHNOLOGY AND SKILLED TRADES. 
          WE HAVE THAT ABSOLUTE PROBLEM, UM, HERE IN, IN, IN OUR OWN ORGANIZATION WITH THE SKILLED TRADES, LEAVING POSITIONS UNFILLED, UH, FOR, FOR EXTENDED PERIODS OF TIME AND OFTEN LIMITING PRODUCTIVITY AND IMPACTING OUR, UH, UH, ABILITY TO DELIVER ON PROJECTS. 
          UM, WHY IS ALL THIS IMPORTANT, UH, TO, TO US, UH, HERE WE'RE SEEING ECONOMIC PRESSURES THAT, UH, HAVE THE POTENTIAL TO RESHAPE OUR FISCAL AND DEVELOPMENT PRIORITIES. 
          I'VE MENTIONED THE IMPACTS ON, UH, PROPERTY TAX AND SALES TAX SEVERAL TIMES ALREADY. 
          UH, PRICES ARE, ARE DAMPENING, UH, CONSUMER AND BUSINESS SPENDING. 
          WE SEE THAT, UM, AT THE SAME TIME, COMPANIES, UH, THAT AS I MENTIONED, ARE TRYING TO RESHORE AND RESTRUCTURE SUPPLY CHAINS, UM, SO THAT, UH, THEY CAN CONTINUE TO, UM, MEET INCREASING DEMANDS OF, UM, AND, BUT THESE DEME, THESE, THIS REORGANIZATION, THE RESHORING AND THE RESTRUCTURING ARE PUTTING PRESSURE ON US LOCALLY, UH, TO SUPPORT THOSE REINVESTMENTS. 
          UM, AND, UH, WE ARE SEEING AN UPTICK IN REQUEST FOR ECONOMIC DEVELOPMENT SUPPORT IN THESE REALMS. AND WE'VE, UH, PARTICULARLY, UH, AGAIN, IN, IN THE MANUFACTURING, UH, SECTOR, UM, AND WE'RE NOT IMMUNE TO ANY OF THESE IMPACTS. 
          UM, OUR OWN CAPITAL PROJECTS ARE BEING IMPACTED, UM, AND, UM, BOTH FROM A TIMING STANDPOINT BECAUSE OF SUPPLY CHAIN ISSUES, BUT ABSOLUTELY FROM A COST STANDPOINT. 
          UM, AND WE'RE ABLE TO DO LESS WITH THE SAME AMOUNT OF RESOURCES AS A RESULT. 
          UM, AND THAT IS, UH, WHY IT'S SO IMPORTANT, I BELIEVE, TO CONTINUE, UH, TO FOCUS ON, UM, THE INVESTMENT THAT YOU HAVE MADE YEAR OVER YEAR, UH, PARTICULARLY IN THE TRANSFER OUTS FOR THINGS LIKE, UH, STREETS AND ALLEYS, UH, OUR FACILITIES AND, AND OUR PARKS. 
          UM, AS WE CONSIDER THESE, UH, DYNAMICS, WE HAVE TO ADD TO THAT, UH, LEGISLATIVE IMPACTS, UH, I WON'T BELABOR THE POINT, UM, OF SB UH, 9 24, WHICH, UH, IMPACTED OUR ABILITY TO, UH, CHARGE FRANCHISE FEES ON STREAMING SERVICES OR EVEN HB NINE, WHICH, UH, THIS NOVEMBER VOTERS WILL DECIDE, UH, IF THEY WANT TO INCREASE THE, UH, EXEMPTION ON BUSINESS PERSONAL PROPERTY FROM $2,500 PER ACCOUNT TO $125,000 PER ACCOUNT. 
          UM, WE, UM, OBVIOUSLY, UH, WITH, UH, SOME OF THE DEVELOPMENTS THAT OCCURRED DOWN IN AUSTIN FOR THIS, UH, FIRST SPECIAL SESSION, UM, SB NINE, WHICH AGAIN, HAS A, A, A REAL IMPACT TO, UM, UM, INFLUENCE OUR BUDGET IN, UH, FY 27. 
          UH, SB NINE WAS NOT, UH, PASSED, UH, NOR WAS ANYTHING ELSE. 
          UM, BUT AGAIN, A SECOND SPECIAL SESSION ALREADY CALLED. 
          AND AS WE SEE, UM, SEVERAL BILLS, UH, UH, ALREADY FROM THE FIRST SESSION BEING REFILED, AS WELL AS ADDITIONAL BILLS, UM, ON DIFFERENT TOPICS ALREADY IN THE FIRST FEW DAYS OF THIS SPECIAL SECOND SPECIAL SESSION. 
          UM, IN TERMS OF REVENUE AS A DRIVER, WE TALKED ABOUT, UH, TWO BIG IMPACTS. 
          UH, FIRST, UM, UH, UH, LET'S JUST FOCUS ON PROPERTY TAXES. 
          UM, AGAIN, NORTHSIDE AT UT DALLAS, THE EXEMPTION THAT WAS GRANTED BY THE, BY CCAD, UM, AS, UM, AS CASE LAW, NEW CASE LAW BEING MADE DOWN, UM, OUT OF A, OF A PUBLIC-PRIVATE PARTNERSHIP CASE THAT WAS, UM, HEARD AND, AND DISTRICT COURT, UH, THAT'S, THAT WAS AROUND THE DEVELOPMENT AT COLLEGE STATION, THIS FULL EXEMPTION, 100% PROPERTY TAX EXEMPTION BEING APPLIED TO NORTHSIDE, UM, AS A, AS 98 TO A HUNDRED PERCENT OF THE, OF THE UNITS THAT WERE OCCUPIED BY STUDENTS. 
          THUS, IN THE, THE, UM, UM, OPINION OF COLLIN COUNTY APPRAISAL DISTRICT REPORT, UM, UH, BOARD MAKING IT AN EXTENSION OF THE UNIVERSITY, A QUASI UNIVERSITY USE, IF YOU WILL, UH, COSTING, UH, US OVER $2 MILLION IN PROPERTY TAX LOSS, UH, FOR FY 26, 1 0.2 MILLION OF THAT TO THE GENERAL FUND. 
          AND THEN, OF COURSE, UM, AN UNFORTUNATE TREND WE'VE SEEN EACH OF THE LAST TWO YEARS WHERE, UH, A, UH, COLLIN, UH, COUNTY APPRAISAL DISTRICT MADE AN, A UNFORTUNATE MISTAKE IN, UM, A CERTIFIED OUR TAX ROLL WITHOUT INCLUDING A SIGNIFICANT ABATEMENT FOR TI, UH, THAT COSTING US A TOTAL OF ABOUT $3.2 MILLION OR $1.9 MILLION TO THE GENERAL FUND. 
          UM, THAT BEING FOLLOWED BY A SECOND MISTAKE, THANKFULLY, UH, TODD AND HIS TEAM, UM, UM, OBVIOUSLY, UM, LEARNING FROM, UM, A VERY, A VALUABLE LESSON, UM, OUT OF FY UM, OUT OF FY 25, UM, GOING THROUGH AND, AND, UH, EVEN THOUGH THE, THE ROLE BEING CERTIFIED BY A CA GOING THROUGH AND LOOKING AT EVERY SINGLE ABATEMENT LINE ITEM THAT WE HAD, UH, WAS ABLE TO RECOGNIZE EARLY ON, UM, A, A ANOTHER MISTAKE FOR FY 26, UH, WHERE TWO ACCOUNTS, UH, WERE NOT RECEIVING THE CORRECT 75% ABATEMENT. 
          ESSENTIALLY, UH, THE APPRAISAL DISTRICT, UH, ERRONEOUSLY APPLIED A FREEPORT EXEMPTION TO THESE TWO ACCOUNTS. 
          UM, UNFORTUNATELY, UM, BY THE TIME THAT THIS WAS BROUGHT TO THEIR ATTENTION AND THEY WERE ABLE TO CONFIRM THE MISTAKE, UM, IT WAS TOO LATE TO CORRECT THE CERTIFIED ROLE. 
          [00:20:01]
AS A RESULT, UM, THIS IS GOING TO HAVE TO BE, UM, ADJUSTED IN A SUPPLEMENTAL ROLE. 
          WHAT WE'RE DOING TO MAKE SURE THAT, UM, WE ACCOUNT FOR THIS PROPERLY IS WE'RE ESSENTIALLY KIND OF HOLDING THOSE DOLLARS IN THE RESERVE. 
          SO ON YOUR FUND SUMMARY FOR THE FIRST TIME, YOU'LL SEE A NEW LINE ITEM, UH, THAT ACTUALLY, UH, RESERVES, I THINK ABOUT A $376,000, IF I RECALL. 
          ACTUALLY, LEMME GO TO THAT SLIDE THERE, UH, YEAH, ABOUT $372,000. 
          UM, SO THAT, UH, WHEN THIS SUPPLEMENTAL ROLE HITS AND THIS ADJUSTMENT IS MADE, UH, WE'LL ESSENTIALLY BE, UH, NET NEUTRAL AND SO GOOD JOB TITLE AND TO YOU AND YOUR TEAM FOR, FOR IDENTIFYING THOSE. 
          UM, ONE THING I DIDN'T COVER ON THE PRIOR SLIDE, UM, IS TODD'S ALSO WORKED WITH THE APPRAISAL DISTRICT TO SET IN PLACE AN ADDITIONAL LAYER, UH, OF, UH, OF, I GUESS, UH, QUALITY CONTROL. 
          AND IN THE COMING YEARS PRIOR TO PROVIDING US THAT CERTIFIED ROLE, THERE'LL BE THIS CHECKS AND BALANCES THAT WE CAN GO THROUGH. 
          SO IF OUR FINANCE DEPARTMENT DOES IDENTIFY A, A MISTAKE IN THE FUTURE, HOPEFULLY WE WON'T. 
          BUT IF WE DO IDENTIFY A MISTAKE IN THE FUTURE, HOPEFULLY WE'LL HAVE TIME TO CORRECT THAT IN THE CERTIFIED ROLE, REFLECT THAT, UH, UPDATE THAT, UH, THAT TODD WORKS WITH THEM ON. 
          SO FROM, AS A DRIVER, WHAT ARE THE CONSIDERATIONS? WELL, THE CONSIDERATIONS ARE THAT, THAT WERE DOWN YEAR OVER YEAR, UM, ALMOST $900,000 FROM A PROPERTY TAX STANDPOINT. 
          YOU CAN SEE, UH, ABOUT 850,000 OF THAT IS RELATED TO, UM, THE, UH, UH, DYNAMICS THAT I JUST DESCRIBED TO YOU. 
          ANOTHER, UH, $53,000 DOWN, UH, THAT ASSUMES, AGAIN, A CONTINUED HIGHER THAN NORMAL PROPERTY VALUE, UM, UM, DISPUTE THAT THOSE LAWSUITS WOULD BE, UM, UH, LESS THAN FAVORABLE. 
          AND THEN JUST A LITTLE BIT OF AN ADJUSTMENT IN A POSITIVE WAY ON A FIVE YEAR AVERAGE FOR PENALTIES AND INTEREST. 
          UH, I DO THINK IT'S IMPORTANT TO NOTE, UH, BECAUSE IT DOES PLAY, UH, AND I THINK THIS IS A PERFECT SLIDE TO TRANSITION INTO OUR ECONOMIC OUTLOOK. 
          UM, HAD THE EXEMPTION FOR NORTHSIDE AND HAD THE ABATEMENT FOR TI BEEN APPLIED, UH, BEEN APPLIED A PROPERLY AND FY 25, AND YOU WOULD SEE THOSE NUMBERS IN THE MIDDLE COLUMN. 
          AND IF YOU WOULD COMPARE OUR FY 26 NUMBERS TO THOSE, YOU WOULD SEE A POSITIVE TREND OF 2.35% GROWTH. 
          AND SO WHAT, WHILE WE'RE LOOKING AT A, A 1.15% DECLINE IN ACTUALITY, I THINK IT'S IMPORTANT TO, TO, TO NOTE, UM, UH, OVER, I'M SORRY, A 0.61, UM, 1.15 OVERALL IN PROPERTY TAXES. 
          BUT A 0.61 HERE, YOU WOULD ACTUALLY NOTE A, UH, 2.35% GROWTH, WHICH LEADS ME INTO THE ECONOMIC OUTLOOK. 
          UM, I THINK IT'S, UH, EVERYTHING THAT I'VE SAID IS ABSOLUTELY TRUE SO FAR ABOUT ECONOMIC INDICATORS ABOUT THE LEGISLATIVE SESSION. 
          UM, BUT WE HAVE TO, UH, TAKE THAT IN IN CONTEXT. 
          UM, I THINK THE SILVER LINING, UM, WITH THE, UH, DYNAMICS THAT I DESCRIBED, UH, CA DYNAMICS, IS THAT THEY ARE ONE-TIME IMPACTS, AND THAT THESE ARE ONE-TIME RESETS. 
          WE ABSOLUTELY TOOK A $3 MILLION STEP BACKWARDS THIS YEAR. 
          UH, BUT WE WILL NOT DO THAT AGAIN NEXT YEAR. 
          WE ARE ADJUSTING COURSE AND WE'RE, UH, DEALING WITH THIS EFFECTIVELY. 
          AND, UH, WE WILL HAVE A, A NEW START POINT, UH, NEXT YEAR AS A RESULT OF THAT. 
          UM, YOU KNOW, WHILE WE ARE SEEING, UM, AND WE HAVE A SENSE OF THE LEGISLATIVE IMPACTS THUS FAR, UH, AND, AND WE ARE ALREADY FACTORING THOSE INTO THIS YEAR AND PLANNING FOR NEXT YEAR, UH, WE NEED TO BE MINDFUL OF WHAT HAPPENS, UH, THIS SECOND SPECIAL SESSION, OR A THIRD OR FOURTH OR HOWEVER MANY MAY, UH, COME. 
          UM, AND, UH, AND WHAT COMES OUT OF WHAT COMES OUT OF THAT AS WELL. 
          UM, AS I'VE, AS I'VE SAID, UM, MANY TIMES BEFORE, AND I'M GONNA SAY ONCE OR TWICE MORE TONIGHT, UM, ALL OF THESE DYNAMICS, UH, ARE, UM, ARE GONNA CONTINUE TO UNFOLD. 
          I THINK IT'S CRITICAL FOR US TO REMAIN DISCIPLINED, WHICH I THINK THIS BUDGET IS. 
          UM, AND IT FOCUSES ON OUR CORE MISSIONS, WHICH, UH, I THINK THIS BUDGET DOES. 
          UM, WE ARE ALWAYS, UH, VERY IN TUNED AND STAY, UM, INVOLVED WITH UNDERSTANDING OUR MARKET CONDITIONS AND ENSURE THAT, UH, THE STRATEGIC DECISIONS THAT, UH, WE MAKE AND THAT YOU PROVIDE DIRECTION TO US ON, UM, ARE BOTH GROUND AND CURRENT REALITIES AS WELL, AS WELL AS MAKING SURE THAT THEY'RE RESPONSIVE TO YOUR, YOUR GOALS. 
          UM, BY REMAINING, UH, COMMITTED TO THOSE CORE MISSIONS, WE WILL BE POSITIONED WELL TO RETURN TO A GROWTH MODE IN A TIMELY WAY. 
          AS A MATTER OF FACT, I BELIEVE WE'LL RETURN TO A GROWTH MODE, UH, AS QUICKLY AS ANY COMMUNITY HERE IN NORTH TEXAS, UM, FOR THE REASONS YOU SEE OUR, OUR, OUR SUSTAINED, UH, POPULATION AND OUR CONTINUED BUSINESS EXPANSION. 
          UH, WE HAVE A VERY ACTIVE AND ROBUST REAL ESTATE, UM, UM, UM, UM, UH, ECOSYSTEM RIGHT NOW THAT'S BOTH ON THE, THE NEW DEVELOPMENT AND REDEVELOPMENT. 
          UM, WE ARE, WE CONTINUE TO DIVERSIFY, UH, OUR ECONOMIC BASE, WHICH MAKES IT MORE RESILIENT AND ABLE TO SUSTAIN THE UPS AND DOWNS THAT ARE INEVITABLE IN ANY CYCLE. 
          UM, AND THEN YOUR COMMITMENT TO STRATEGIC REINVESTMENT IN INFRASTRUCTURE CONTINUES TO SET THE TONE, AND, UH, CONTINUES TO BE, I HEAR ALL THE TIME, CONTINUES TO BE, UH, VERY REASSURING, UH, 
          [00:25:01]
TO THE BUSINESS, UM, UH, UM, WORLD THAT, UM, WE WILL NOT, UH, UM, STOP AND, UH, HAVE KNEE-JERK REACTIONS TO THINGS THAT YOUR COMMITMENTS OR YOUR COMMITMENTS AND THAT YOU'RE GONNA HOLD TO THOSE. 
          UM, AS I MENTIONED, UH, PREVIOUSLY, THIS, THIS STRONG POSITION IS NO ACCIDENT. 
          IT'S A DIRECT RESULT TO MANY OF THE THINGS THAT WE'VE BEEN ABOUT, UM, IN, IN THE PAST FEW YEARS. 
          UH, THE ECONOMIC DEVELOPMENT STRATEGY THAT WAS ADOPTED IN OCTOBER OF 22 HAS SET THE TONE. 
          UM, IT'S IDENTIFIED, UM, UH, FOUR PRIMARY STRATEGIES THAT WE BELIEVE ALL OF OUR, UM, RECOMMENDATIONS TO YOU AND ALL OF OUR ACTIVITIES TIE BACK TO, UH, WE HAVE, UH, FIVE VERY ROBUST TARGET INDUSTRIES THAT WE ARE BUILDING SOUND CLUSTERS AROUND. 
          UM, WE HAVE BUSINESSES WITHIN THESE CLUSTERS THAT ARE BIG AND SMALL, THAT ARE NEW, AND THAT ARE, ARE, ARE SEASONED AND MORE MATURE. 
          UM, AND, UH, THANKFULLY WE HAVE UT DALLAS THAT'S A PART OF EVERY ONE OF THOSE CLUSTERS IN EVERY ONE OF THESE TARGET INDUSTRIES. 
          UH, WE'VE BEEN VERY PROACTIVE ON THE REAL ESTATE FRONT, UM, WITH OUR OFFICE AND RETAIL STRATEGIES, UM, THAT FOCUS ON, UH, REINVENTING OUTDATED OFFICE, REINVESTING IN STRATEGIC OFFICE BUILDINGS. 
          AND OF COURSE, MOST IMPORTANTLY, PROBABLY, UH, FOR THE ANNOUNCEMENTS WE'VE HAD RECENTLY REDUCING THE TENANT GAP, UM, FOR OWNERS, UH, SO THAT THEY CAN MAKE DEALS COME TO FRUITION THAT OTHERWISE WOULDN'T. 
          WE'RE INVESTING IN OUR LEGACY SHOPPING CENTERS. 
          UH, WE'RE HELPING OWNERS, UH, WE'RE, WE, WE ARE WORKING TO HELP LOCAL OWNERS, UM, COME INTO POSSESSION AND ACQUIRE THESE PROPERTIES AND TAKE SOME OF THE REITS THAT HAVE BEEN, UH, PROBLEMATIC AND QUITE FRANKLY, AN OBSTACLE IN MANY WAYS TO REDEVELOP IN THESE LEGACY CENTERS. 
          WE'RE PROVIDING THOSE OWNERS WITH BUILDING, UM, AND SITE FACADE, UH, BUILDING FACADE AND SITE GRANT IMPROVEMENTS, UM, AND ALSO HELPING THEM RE-TENANT, UM, FOR A DIVERSE, UM, SET OF, UM, OF, UH, OF NEW TENANTS, UH, THAT, THAT ARE APPEALING TO OUR COMMUNITY. 
          UM, IF YOU LOOK AT THIS, UH, COMMERCIAL TAXABLE VALUE CHANGE, UH, AS CERTIFIED, AS I MENTIONED, THERE'S WHERE YOU, YOU SEE THE, UH, 1.5%, UH, REDUCTION IN, UH, SOME OF THESE KEY SECTORS. 
          AND YOU SEE THOSE, UH, YOU SEE THOSE KEY, UM, SECTORS THAT MAKE UP THE COMMERCIAL VALUES. 
          UH, BUT AGAIN, AND, UH, A DIFFERENT COMPARISON HERE THAN EARLIER. 
          BUT AGAIN, IF YOU CONTROL FOR NORTHSIDE AND, AND TI ABATEMENTS, AND YOU APPLY THEM AS THEY WOULD PROPERLY, EVEN IN THE COMMERCIAL REALM, WE'RE SEEING A 3.2% INCREASE YEAR OVER YEAR. 
          UM, I BELIEVE IF YOU DID NOT CONTROL FOR THESE TWO ONE-TIME DYNAMICS, AND YOU STARTED TO LOOK AT SOME OF THESE NEGATIVE TRENDS AND YOU STARTED TO MAKE DECISIONS BASED ON THOSE, UM, WE WOULD BE, UM, NOT, UM, WE WOULD NOT BE, UM, UTILIZING, UH, THE MOST, UM, COMPLETE AND ACCURATE INFORMATION WE COULD TO PARTNER WITH SOME OF THESE OTHER, UM, FACTORS IN TERMS OF WHAT WE WOULD RECOMMEND AS A, AS FY 26 BUDGET. 
          AND SO THAT'S WHY I THINK THIS EXERCISE, UH, OF GOING THROUGH, AGAIN, YOU LOOK AT THINGS LIKE OFFICE AND YOU LOOK AT THINGS, UM, YOU SEE, UM, EVEN, UM, THE INDUSTRIAL, THE INDUSTRIAL IS DOWN, UH, 11% YEAR OVER YEAR EXCLUSIVELY BECAUSE OF, UM, UM, OF THE, UH, TI ABATEMENTS THAT I MENTIONED IN FY 26, BUT IN PARTICULAR, LOOK AT THINGS OF, UH, REAL ESTATE AND OFFICE. 
          AND, UM, YOU SEE, UM, A BIG DI BIG DIFFERENCES IN THE YEAR, THE REAL ESTATE, I'LL TELL YOU THE DYNAMIC THERE IS, UH, THAT IS WHERE, UM, TWO OF NORTH SIDE'S PROPERTIES, UH, WERE, UM, CLASSIFIED AS REAL ESTATE AS OPPOSED TO MULTIFAMILY. 
          'CAUSE THEY ALSO, THEY WERE ESSENTIALLY, THEY WERE MULTI-USE BUILDINGS. 
          THEY HAD RETAIL AND OTHER USES WITHIN THEM. 
          UM, AND SO YOU SEE THE, YOU SEE THE DOWNTURN THERE, AND THEN THE INDUSTRIAL, THAT'S TEXAS INSTRUMENTS. 
          THAT'S JUST A, AGAIN, AN OBVIOUS ONE THERE. 
          BUT LOOK AT THE OFFICE MARKET IN PARTICULAR DOWN 2.3%, UH, YEAR OVER YEAR. 
          UM, AND YOU MAY ASK YOURSELF, WHAT'S ACCOUNTING FOR THAT? IF YOU'VE SEEN A LOT OF THE ANNOUNCEMENTS, WE'VE HAD MANY, MANY VERY, UM, UM, UH, STRONG ANNOUNCEMENTS, VERY ROBUST ANNOUNCEMENT MAY SAY, WHY IS THAT STILL DOWN YEAR OVER YEAR? AND I WOULD JUST SAY, YOU KNOW, IT'S IMPORTANT FOR US ALL TO REMEMBER THIS BUDGET CYCLE, NEXT BUDGET CYCLE, AND THE FOLLOWING, UH, THAT WHAT IS HAPPENING TODAY, AND THE NUMBERS THAT YOU'RE SEEING REFLECTED IN THESE, UH, FROM THE, UH, UH, TWO APPRAISAL DISTRICTS, HAS LITTLE, IF NOTHING TO DO WITH WHAT HAS BEEN GOING ON TODAY. 
          UM, AS THE TOP CHART HERE DEMONSTRATES FOR YOU, UH, ON WHETHER THESE, THESE LARGE NEW DEVELOPMENT PROJECTS OR THESE LARGE TENANT FINISH OUTS AND RELOCATIONS, THERE IS AN 18 TO 24 MONTH LAG THAT YOU'RE GONNA EXPERIENCE WITH EACH OF THESE PROJECTS. 
          SO, THE THINGS THAT WE WERE ANNOUNCING, THE, YOU KNOW, THE O THE, THE A HUNDRED PLUS MILLION DOLLARS WORTH OF, UM, UH, TENANT AND RELOCATIONS THAT WE ANNOUNCED IN 2024, YOU'RE NOT GONNA SEE THAT IN FY 26. 
          THAT'S GONNA BE A 27 OR 28 DYNAMIC. 
          PART OF THE REASON THAT I'VE, I'VE RECOMMENDED SOME OF THE, UM, UM, STRATEGIES I HAVE, PARTICULARLY AROUND COMPENSATION, IS BECAUSE I DO BELIEVE, UM, THAT THIS, UH, THIS LIST HERE, WHICH AMOUNTS TO ABOUT LITTLE BIT OVER $700 MILLION IN INVESTMENT. 
          [00:30:01]
UH, NOW THESE AREN'T PLANNED PROJECTS. 
          THESE AREN'T THINGS THAT WE'RE WORKING ON. 
          THESE ARE ALL PROJECTS THAT ARE CONFIRMED, BUILDING PERMITS HAVE BEEN ISSUED, GROUND HAS BEEN BROKE, OR ECONOMIC DEVELOPMENT AGREEMENTS HAVE BEEN SIGNED. 
          AND SO THIS IS A LOT OF NEW VALUE THAT'S COMING ONTO THE BOOKS. 
          WHY IS THAT IMPORTANT? BECAUSE WE GAINED 100% OF THAT NEW VALUE. 
          UH, YOU'LL SEE SHORTLY, OUR TOTAL, UM, OUR TOTAL VALUE IN THE CITY IS ABOUT 21, UH, BILLION DOLLARS. 
          THIS IS THREE QUARTERS OF A BILLION DOLLARS THAT WE'RE TALKING ABOUT COMING ONLINE. 
          SO JUST TO GET A SENSE OF MAGNITUDE, AND IT'S THIS TRAJECTORY THAT WE'RE ALREADY STARTING TO SEE WHEN YOU CONTROL FOR SOME OF THESE WEIRD OUTLIERS THAT WE'VE BEEN SUBJECT TO THE LAST COUPLE YEARS, IT'S THIS POSITIVE TRAJECTORY THAT HAS ME VERY BULLISH IN BELIEVING, UM, THAT, UH, WITH, UH, UH, JUST A FEW THINGS FALLING INTO PLACE THAT, QUITE FRANKLY, INTERNATIONAL AND NATIONAL THINGS THAT WE DON'T CONTROL WITH A FEW THINGS FALLING INTO PLACE, OUR RETURN TO A A GROWTH MODE IS GOING TO BE, UH, EMINENT. 
          WE'RE GONNA CONTINUE TO, UH, DO EVERYTHING WE CAN TO, UH, TO, TO ENSURE THAT, UH, THROUGH OUR ECONOMIC DEVELOPMENT EFFORTS, UH, YOU SEE HERE, UH, OUR FYI PROPOSED BUDGET OF $2.7 MILLION. 
          YOU SEE A CHANGE THERE OF ABOUT A NEGATIVE $27,000. 
          I REASSURE YOU THAT, UH, THAT IS ONLY, UM, SAVINGS THAT HAS BEEN, UH, REALIZED FROM, UH, SOME TRANSITION FROM SOME, UH, MORE SENIOR, UH, TOP OF THE SCALE PAY, UH, STAFF TO, UH, SOME YOUNGER, UH, MORE ENTRY LEVEL STAFF. 
          UH, THERE'S BEEN NO CUTS IN PROGRAMMING. 
          THERE'S BEEN NO CUT IN STAFFING. 
          IT'S JUST THE, THAT'S THE DYNAMIC THAT YOU SEE THERE IN THE 27,000. 
          UH, AGAIN, THE RECOMMENDATION IS TO KEEP THE ECONOMIC DEVELOPMENT FUND, UH, TRANSFER OUT, UM, UNCHANGED. 
          AND SO THAT'LL BE AN ADDITIONAL $2 MILLION THAT'LL BE TRANSFERRED OVER, UH, TO THE ECONOMIC DEVELOPMENT FUND, AND THEN CONTINUE ON WITH OUR TIF FUNDING, UM, OUT OF TIF ONE, UH, TO OFFSET SOME OF THE PERSONNEL COSTS IN, IN THE, UH, UNDER THE, UM, FOR ECONOMIC DEVELOPMENT STAFF. 
          UH, PREDOMINANTLY THAT'S THE ECONOMIC STAFF THAT IS FOCUSED ON THE IQ AND THE CORE DISTRICT. 
          UH, YOU SEE SOME CORE DISTRICT PROGRAMMING IN THERE AND SOME PLACEMAKING INITIATIVES. 
          AND SO THOSE THINGS CONTINUE ON AS AN INVESTMENT, UH, FROM, UH, FROM PRIOR YEARS. 
          UM, AND SO THAT'S HOW WE'LL CONTINUE TO, TO, TO FURTHER, UH, OUR ECONOMIC DEVELOPMENT EFFORTS. 
          IN TERMS OF OUR KEY FOCUS AREAS, UM, I THINK IT'S ALWAYS IMPORTANT TO, TO ACKNOWLEDGE, UM, THAT IN ADDITION TO THE DRIVERS THAT I'VE DISCUSSED, UH, COUNSEL YOUR FEEDBACK THROUGH ALL OF THE DEEP DIVES, UH, IS, UH, IS VERY IMPORTANT. 
          UM, WE, UH, ARE VERY ATTENTIVE TO THAT AS WE GO THROUGH THE DEEP DIVES. 
          WE HEAR THE QUESTIONS, WE HEAR THE SUGGESTIONS, AND, UH, I BELIEVE THIS BUDGET'S REFLECTIVE OF THAT. 
          UM, EACH YEAR I GO THROUGH MY OWN ORGANIZATIONAL ASSESSMENT TO BETTER UNDERSTAND, UH, OUR OPPORTUNITIES AS AN ORGANIZATION TO UNDERSTAND, UH, WHERE WE'RE HEADED, UM, AND HOW, UM, AND WHAT THINGS THAT I BELIEVE, UM, I WANNA RECOMMEND TO YOU SO THAT WE CAN CONTINUE, UH, TO GROW AS A, AS AN ORGANIZATION AND MEET, UH, AND MEET YOUR OBJECTIVES AND HELP YOU OBTAIN YOUR, UH, UH, ACHIEVE YOUR, YOUR GOALS. 
          UH, OUR BOARDS AND COMMISSIONS, HORMONES AND NEIGHBORHOOD ASSOCIATIONS, ALL VERY IMPORTANT. 
          OUR INSTITUTIONAL PARTNERS, UH, UT DALLAS, UM, UH, M-M-R-M-C, UH, THE SCHOOL DISTRICTS, UH, YOU COULD JUST GO ON AND ON AND ON, ARE KEY, UH, THROUGHOUT THE, THROUGHOUT EACH YEAR, HELPING US, UH, DEVELOP OUR BUDGET PRIORITIES. 
          AND THEN OF COURSE, LIKEWISE, UH, OUR BUSINESS AND DEVELOPMENT COMMUNITY PARTNERS ARE EXTREMELY, UM, IMPORTANT. 
          AND THEN, AS WE'VE TALKED ALL TALKED ABOUT DURING GOALS AND THROUGH BUDGET WORKSHOP, UH, THE MANY PLANS THAT WE HAVE, UM, UH, DEVELOPED AND THAT YOU HAVE ADOPTED, UH, ARE VERY MUCH ON OUR FOR, UH, FOREFRONT OF OUR THOUGHT AS WE LOOK AT, UH, HOW WE'RE GONNA HELP, UM, IMPLEMENT THOSE PLANS AND KEEP THOSE MOVING FORWARD. 
          UM, AS IT'S BEEN, UH, EACH OF THE YEARS SINCE I'VE BECOME CITY MANAGER, UH, PEOPLE ARE, UM, ARE, IS MY NUMBER ONE PRIORITY. 
          AND I KNOW YOU SHARE THAT, THAT BELIEF WITHOUT PEOPLE, UH, NOTHING ELSE WE TALK ABOUT IS POSSIBLE. 
          UH, WE ARE IN AN INCREDIBLY COMPETITIVE, UM, UH, NORTH TEXAS JOB MARKET, AND EVERY EMPLOYEE, UH, THAT, THAT WE, UH, UH, SEEK TO ATTRACT AND RETAIN, UM, WE HAVE TO FIGHT FOR BECAUSE IT'S THAT COMPETITIVE YEAR. 
          WE'RE BLESSED IN THAT WAY, BUT IT'S ALSO A CHALLENGE IN THAT WAY. 
          UM, IF YOU LOOK AT THE RECENT VACANCY HISTORY, UM, LAST YEAR, WE REALLY MADE SOME HEADWAY. 
          UH, THIS YEAR, I'LL TELL YOU, A LOT OF THE VACANCY, THE 2% DIFFERENCE THAT YOU'LL SEE IS PREDOMINANTLY DUE TO RETIREMENTS. 
          UH, I'LL SHARE SOME RETIREMENT DATA WITH YOU IN JUST A SECOND HERE. 
          UM, BUT YOU CAN, YOU CAN SEE AGAIN, UM, ABOUT, UH, UH, INCHING UP TO ABOUT 9%, AGAIN, IN, IN THE VACANCY RATE. 
          IMPORTANTLY, UM, SOME OF THE KEY POSITIONS THAT WE WORKED SO VERY HARD, UH, EACH OF, UH, THE PAST FEW YEARS AND HAD MADE SOME REAL STRIDES. 
          UH, 9 1 1 DISPATCHER, FOR INSTANCE, YOU SEE THERE, UM, UH, A FIFTH OF THE POSITIONS, UH, NOW VACANT AGAIN, POLICE OFFICER, UH, GOSH, IT SEEMS LIKE GARY AND I WERE TALKING, IT SEEMS LIKE NOT EVEN, YOU KNOW, MAYBE SIX WEEKS AGO, WE WERE DOWN TO ONE VACANCY, UH, AND, UH, ALMOST 
          [00:35:01]
ENTIRELY WITH EXCEPTION OF ONE, I BELIEVE ALMOST ENTIRELY THROUGH RETIREMENTS, WE'RE NOW BACK UP TO 10, UH, POLICE OFFICERS. 
          AND THAT'S, UM, THOSE ARE OFFICERS. 
          THOSE ARE, THOSE ARE, THOSE ARE FOLKS THAT ARE IN PATROL OR OTHER, SOME OTHER ASSIGNMENT THAT ARE FRONTLINE OUT IN THE COMMUNITY EACH AND EVERY DAY. 
          UM, YOU SEE, UM, WHICH HAS BECOME, UH, A VERY REGULAR, UM, UM, STATISTIC. 
          UH, ALTHOUGH IMPROVING SEVEN, ALMOST 17.5% VACANCY IN PUBLIC SERVICES, UM, THAT'S THE FOLKS THAT ARE RESPONDING IN THE MIDDLE OF THE NIGHT TO, UH, SHUT OFF A WATER, UH, LINE BREAK OR SPENDING THE DURATION, THE REMAINDER OF THE NIGHT, YOU KNOW, REPAIRING THAT LEAK. 
          SO WHEN WE WAKE UP IN THE MORNING, THERE'S WATER. 
          THAT'S A BIG, THAT'S A BIG VACANCY RATE, UM, THAT, THAT, THAT, THAT NECESSITATES A LOT OF OVERTIME. 
          UM, AND THAT'S SUSTAINABLE ONLY FOR A PERIOD OF TIME, PARTICULARLY IN JOBS, UH, LIKE THIS. 
          I MENTIONED EARLIER, AS I TALKED ABOUT LABOR, UM, UH, CHALLENGES. 
          UH, YOU LOOK AT, UH, A FLEET, YOU LOOK AT, UH, THE TRADES BUILDING INSPECTORS. 
          WE'VE HAD A COMBINATION BUILDING INSPECTOR POSITION OPEN FOR ALMOST TWO YEARS. 
          UM, THESE ARE VERY DIFFICULT POSITIONS, UH, TO FILL. 
          AND SO WHEN WE'RE ABLE TO, UM, ATTRACT SOMEONE AND, AND, UM, AND BRING 'EM INTO OUR ORGANIZATION, WE WORK VERY HARD TO RETAIN THEM. 
          UH, ON THE FLIP SIDE, UM, THE RETIREMENT ELIGIBILITY CONTINUES TO, UH, BE A, A VERY INTERESTING DYNAMIC FOR US. 
          ON THE ONE HAND, YOU'VE GOT 45% OF OUR EMPLOYEES CITYWIDE 45% WITH LESS THAN FIVE YEARS EXPERIENCE. 
          ON THE OTHER HAND, UH, TODAY YOU'VE GOT 279 EMPLOYEES THAT CAN RETIRE, UM, YOU KNOW, NOT MANAGE WELL, THAT COULD BE A, A REAL RECIPE FOR A DISASTER. 
          THAT'S A, A, A, A LOT OF CONTINUITY, A LOT OF INSTITUTIONAL KNOWLEDGE. 
          IF THERE'S NOT AN ORDERLY, IF THERE'S NOT A, A, A A, UM, A PLAN FOR, UH, AN ORDERLY TRANSITION OF THAT INSTITUTIONAL KNOWLEDGE, UM, WHAT I BELIEVE HAS ALWAYS BEEN, UM, ONE OF RICHARDSON'S ADVANTAGES, UH, THE CONTINUITY AND LEADERSHIP, UM, COULD REALLY, COULD REALLY BE IMPACTFUL. 
          UH, OTHERWISE, LIKEWISE, WHEN YOU HAVE, UH, YOU KNOW, 45% OF YOUR WORKFORCE WITH LESS THAN FIVE YEARS EXPERIENCE, YOU HAVE TO MAKE SURE THAT THEY'RE GETTING THE TRAINING AND THEY'RE HAVING THE PROFESSIONAL DEVELOPMENT OPPORTUNITIES THAT THEY NEED TO GROW INTO OUR NEXT GENERATION OF LEADERS. 
          AND, UM, THAT'S WHY, UH, RESTORING SOME OF THAT IS A PRIORITY FOR ME THIS YEAR, SOME OF THE FUNDING, UH, TO, TO MANAGE THAT. 
          I DON'T WANNA LET ANYONE THINK, UH, IN THE COMMUNITY OR ELSEWHERE, THAT WE HAVE NOT WORKED HARD ON THIS YEAR AFTER YEAR. 
          AND COUNCIL, UM, I CANNOT IMAGINE AS A, AS A MANAGER BEING MORE BLESSED THAN, THAN I HAVE BEEN TO HAVE YOU SUPPORT PRACTICALLY EVERY, IF NOT EVERY, UH, IDEA I'VE BROUGHT TO YOU. 
          AND THIS IS JUST A SAMPLING OF THOSE IDEAS. 
          UM, WE HAVE, WE HAVE, UH, WORKED HARD. 
          WE HAVE, UM, UH, REALLY, I THINK, UM, UH, RE RETHOUGHT, UH, THE WAY WE APPROACH, UH, RECRUITMENT AND RETENTION. 
          AND SO MANY OF THESE THINGS, UM, UH, HAVE ADDED TO OUR SUCCESS. 
          I CAN'T IMAGINE WHERE WE WOULD BE ON SOME OF THESE, UH, RATES, THE VACANCY RATES AND THE TURNOVER RATES, HAD WE NOT, UM, HAD YOUR SUPPORT TO DO THESE, UM, THESE ENHANCEMENTS. 
          AND SO THESE ARE EXTREMELY IMPORTANT, NOT WITHSTANDING, WE ARE IN, UM, UH, A COMPETITIVE MARKET. 
          UH, THIS PAST FRIDAY, I HAD AN OPPORTUNITY TO, UH, ALONG WITH, UH, UH, MOST OF THE COUNCIL TO SPEAK TO AN INTERNATIONAL GROUP. 
          AND I TOLD THEM THEY WERE IN THE MOST DYNAMIC, MOST COMPETITIVE METROPLEX IN, IN THE UNITED STATES, IF NOT IN THE WORLD. 
          AND, UH, THAT'S TRUE, AND IT'S TRUE FOR TALENT AS WELL. 
          UM, AS WE ALL, AS WE ALL KNOW FROM OUR OWN, OUR OWN BUSINESSES AND OUR OWN COMPANIES, THAT'S THE NUMBER ONE DRIVER. 
          UH, WITH RESPECT TO POLICE AND FIRE, UM, I WOULD SAY IT IS, UM, THAT THE, THE COMPETITIVENESS IS EXPONENTIAL. 
          UM, YOU CAN SEE HERE NOTWITHSTANDING SOME VERY, VERY, UH, SUPPORTIVE, UH, COMPENSATION STRATEGIES EACH, EACH OF THE LAST THREE YEARS. 
          UM, UN UNFORTUNATELY, UM, YOU SEE, WE HAVE, WE HAVE FALLEN, UH, IN BOTH, UM, POLICE OFFICER AND FIREFIGHTER, BUT REALLY THROUGHOUT THE ENTIRE RANKS, UM, WE'VE FALLEN, UM, WELL SHORT OF OUR, UH, OUR GOAL OF, UM, BEING IN THE TOP FOUR, UH, UH, BECAUSE OF MOVES THAT HAVE BEEN MADE SUBSEQUENT TO LAST OCTOBER. 
          ONE, UH, FARING MUCH BETTER, UH, IN THE, UM, IN THE, UH, GENERAL EMPLOYEE, UH, PAY SURVEY, UH, ABSOLUTELY POSITIONS THAT NEED TO BE ADDRESSED, UM, AND, UH, BUT OVERALL, UM, FARING, UH, BETTER THAN THAN WE DID, UH, IN THE PUBLIC SAFETY REALM, UH, EVEN WITH CHANGES THAT OTHER AGENCIES HAVE MADE. 
          UH, AND THEN AGAIN, THE FOCUS ON THE LIVING WAGE. 
          UM, THIS IS SOMETHING THAT, UM, WE HAVE PRIORITIZED, UH, SINCE, UH, 2022. 
          I RECALL IN 2022, MAKING MID-YEAR ADJUSTMENTS, UH, TAKING THE STARTING SALARY THAT A FULL-TIME EMPLOYEE IN RICHARDSON WAS MAKING SOME FROM SOMEWHERE AROUND 1250 TO $13 AN HOUR, UH, ALL THE WAY UP TO ABOUT 1850 THAT YEAR. 
          AND THEN EACH OF THE FOLLOWING YEARS, BEING ABLE TO INCREASE THAT, THAT'S INCREDIBLY IMPACTFUL. 
          [00:40:01]
UM, YOU SEE THERE ARE 159 OF OUR FULL-TIME EMPLOYEES MAKE THIS, UM, ENTRY LEVEL WAGE, UM, AND 165, UH, PART-TIME, UH, PERMANENT PART-TIME EMPLOYEES. 
          UM, UM, 21% OF THE FULL-TIME AND 63% OF THE PART-TIME, UH, ARE, ARE CURRENTLY HOVERING AROUND THIS WAGE. 
          UH, THAT $20 CURRENT RATE WAGE IS ABOUT $3 SHY OF THE DALLAS COUNTY, UH, LIVING WAGE. 
          MY RECOMMENDATION, UM, ON COMPENSATION JUST SLIGHTLY, UH, CHANGED SINCE THE, UH, FIRST NIGHT OF THE BUDGET RETREAT. 
          UH, AND I WANNA, UH, AGAIN, THANK, UM, UH, THE COUNCIL FOR, UM, ASKING, UH, AND CHALLENGING US TO RE-LOOK AT THIS FOR POLICE AND FIRED. 
          IT HAS NOT CHANGED. 
          I'M RECOMMENDING IT UP TO A 4% MERIT, FOUR POINT A HALF PERCENT, EXCUSE ME, MERIT BASED, UH, PAY ADJUSTMENT, UH, FOR SWORN POSITIONS. 
          THAT WOULD BE TWO AND A 5% ON OCTOBER 1ST, FOLLOWED BY 2% INCREASE IN APRIL OF 2026. 
          UM, TWO AND A 5% FOR THE, THE CIVILIAN EMPLOYEES AND BOTH DEPARTMENTS, JUST LIKE THE GENERAL PERSONNEL, UH, OTHERWISE. 
          AND THEN STEPS, UH, FOR, UH, 44 OF 172, UH, PD, AND 71 OF 184, UH, FIRE. 
          UH, I DID MENTION, UM, THE TWO AND A HALF PERCENT MERIT BASED, UH, ADJUSTMENT IN OCTOBER FOUR. 
          GENERAL PERSONNEL, UH, THEIR INCREASE FROM 20 TO $21, UH, FOR FULL-TIME PERMANENT, UH, FULL-TIME AND PERMANENT PART-TIME EMPLOYEES AS A MINIMUM WAGE. 
          AND THEN WE'VE INCLUDED $120,000, UH, FOR MARKET BASED ADJUSTMENTS, UH, FOR PAY RANGES, UH, THAT AFTER APPLYING THE TWO AND A HALF PERCENT PROPOSED INCREASE ARE STILL BELOW THAT FOURTH RANK. 
          AND THAT IS AN ESTIMATE. 
          UM, BUT WE BELIEVE, UM, THAT THAT WILL BE, UM, MORE, MORE THAN, UH, ADEQUATE TO COVER IT. 
          IF IT, IF IT'S NOT, AND THERE IT COSTS A LITTLE BIT MORE, THEN WE CAN LEVERAGE SOME OF THE SAVINGS THAT'S, UH, BUILT INTO THE BUDGET FROM, UH, OPEN POSITIONS, UH, ATTRITION AND, AND, UH, EVEN, EVEN FROZEN POSITIONS. 
          UH, THE FOUR AND A 5%, UM, DOES, UM, UH, HELP IN, IN MANY REGARDS. 
          UM, YOU SEE HERE, UH, AS YOU LOOK ACROSS, UH, THE MINIMUM STARTING SALARY, UH, IN THIS CASE, A DASH IS GOOD. 
          UH, DASH MEANS WE ARE NOT BELOW THAT FOURTH PERCENT RANK. 
          SO ON THE MINIMUM SALARY, UH, ALL SITUATIONS ARE IMPROVED ON THE STARTING SAL, I MEAN, ON THE MAXIMUM SALARY. 
          UM, THE, UM, UH, JUST A A 0.6 DEVIATION ON SERGEANT, BUT AS CHIEF TITTLE SHARED WITH YOU, UH, THAT'S LARGELY DRIVEN OUTTA THE PLAY, THE PAY PLAN, UM, STRUCTURE THAT, UH, THEY HAVE ADOPTED FOR INTERNAL EQUITY. 
          UM, AND SO LIKEWISE, UH, YOU SEE, UH, THAT TENDS TO BE THE CASE FOR CAPTAIN AND AND FIRE. 
          UM, BUT YOU SEE THERE, UH, FIREFIGHTER, THE, UH, MINIMUM PAY, UM, UH, 2.6% BELOW. 
          UM, YOU KNOW, UH, THIS, THIS IS, THIS IS ALWAYS SOMETHING TO BE MINDFUL OF. 
          UM, I WOULD TELL YOU THAT CHIEF VY AND I TALK ABOUT THIS REGULARLY, YOU KNOW, WHEN WE, WHEN WE OPEN UP A, A FIRE, WE HAVE A, A, A, UH, CALL FOR APPLICANTS FOR A FIRE ACADEMY, YOU KNOW, WE'RE STILL VERY FORTUNATE TO, YOU KNOW, WE'LL, WE'LL RECEIVE A HUNDRED PLUS, UH, EASILY FOR 12 POSITIONS. 
          AND SO, UM, YOU KNOW, CHIEF'S NOT TOO CONCERNED ABOUT THE 2.6. 
          UM, AGAIN, UM, THEY ALSO HAVE AN APPRENTICE FIREFIGHTER POSITION, UM, THAT'S NOT LISTED ON HERE BECAUSE THERE'S NOT THE EQUIVALENT, UM, UH, POLICE OFFICER POSITION. 
          AND MANY TIMES, UM, WHEN WE'RE HIRING SOMEBODY WITHOUT EXPERIENCE, IT'S ACTUALLY THE APPRENTICE FIREFIGHTER, UH, PAY THAT WE'RE COMPETING WITH OTHER COMMUNITIES ON. 
          AND, AND THERE WE ARE SITUATED, UM, VERY WELL. 
          ALSO, UH, THAT'S JUST A TWO STEP, UH, PAY PLAN BECAUSE THEY'RE OFTEN, UH, WITHIN A VERY SHORT PERIOD OF TIME, 12 MONTHS TO 18 MONTHS, THEY'RE GRADUATING TO FIREFIGHTER. 
          AND SO, UH, JUST TO REASSURE YOU THAT WHILE THAT LOOKS LIKE, YOU KNOW, A, A, A NOTEWORTHY GAP COMPARED TO THE REMAINDER, IT REALLY, IT REALLY ISN'T. 
          AND CHIEF VY HAS, UM, SAID THAT YOU SEE, AGAIN, DASHES ARE GOOD HERE. 
          WHEN YOU LOOK AT THE GENERAL EMPLOYEE PAY SURVEY COMPARISON AFTER THE TWO POINT HALF PERCENT WOULD BE ADDED IN OCTOBER. 
          UH, AGAIN, UH, DASHES ARE VERY GOOD HERE, BRINGING US UP TO RANK. 
          BUT AGAIN, FOR THOSE THAT ARE NOT, UM, AND THAT ARE, UH, UM, AND THAT ARE OUT OF ALIGNMENT, UM, AND, UH, WE HAVE SOME DOLLARS TO TAKE CARE OF THOSE, UH, UH, THOSE ONE-OFF ISSUES, UM, AS WELL, UH, PUBLIC SAFETY IS ALWAYS A, A CRITICAL, UM, UH, PRIORITY FOR US. 
          YOU SEE HERE THAT THE CHANGE IN THE, UH, PUBLIC SAFETY BUDGET OF ABOUT 1.5 MILLION OR ABOUT 2.1%, UH, THAT'S LARGELY, UM, DUE TO NOW WE RECALL THE, THE COMPENSATION, UM, THAT WE HAVE, UM, UM, PROPOSED HERE IS NOW BUILT INTO, UM, THE, UH, INDIVIDUAL DEPARTMENTS PREVIOUSLY RECALL. 
          WE HAD THAT SET ASIDE, UH, TO GET YOUR FEEDBACK, NOT TO BE PRESUMPTUOUS. 
          WE HAD THAT SET ASIDE AND NON-DEPARTMENTAL THAT'S NOW BEING APPLIED. 
          SO THE NUMBERS THAT YOU'RE GONNA SEE ACROSS THE TOP OF THESE SLIDES, UM, ARE GONNA BE A LITTLE BIT DIFFERENT BECAUSE OF THAT. 
          UH, BUT YOU SEE A 2.1% OVERALL INCREASE, UH, IN, IN THE, UH, BUDGET, UH, UH, UH, PD NOW, UH, OVER $40 MILLION, BUDGET AND FIRE, NEARLY A $33 MILLION 
          [00:45:01]
BUDGET. 
          AND OF COURSE, EMERGENCY MANAGEMENT IN THERE AS WELL. 
          UH, THIS DOES INCLUDE FUNDING, UH, ON THE FIRESIDE. 
          THIS INCLUDES FUNDING FOR A NEW RECRUITMENT CLASS. 
          WE WERE JUST TALKING ABOUT THAT. 
          UH, WE WILL HAVE 12 APPRENTICE FIREFIGHTERS RECALL FROM THE EARLIER SLIDE, THERE WERE SEVEN VACANCIES IN THE FIRE DEPARTMENT. 
          UH, CHIEF VY HAS GOT THIS DOWN PRETTY MUCH TO A, A SCIENCE NOW, UH, WHERE HE'S ABLE TO, UH, REALLY, UH, THROUGH, UH, SURVEYING, UM, THOSE THAT ARE ELIGIBLE TO RETIRE. 
          HE'S MAPPING OUT JUST WHEN WE NEED TO BRING ON A NEW ACADEMY TO MAKE SURE THAT WE HAVE FIREFIGHTERS READY TO STEP IN. 
          UM, AND JUST THE IDEAL TIME MINIMIZING OVERTIME AND, AND PARTICULARLY MANDATORY OVER TIME BY DOING THAT. 
          BUT YOU SEE IS, WE'LL HAVE A NEW CLASS THAT WILL BE PROBABLY START TO PROMOTE IN JANUARY, AND THEY'LL COME ON AND, AND BEGIN IN JULY. 
          UM, AND, UM, YOU SEE THERE ALSO, UM, ABOUT $200,000, UH, BEING MADE AVAILABLE FOR THE, UH, PPE AND GEAR RELATED TO THOSE NEW HIRES AGAIN. 
          AND, UH, A LOT OF THAT IS, IT'S NOT A ONETIME PER SE, IT'S NOT A ONETIME, UH, PURCHASE, BUT A LOT OF THAT GEAR WILL LAST UP TO 10 YEARS. 
          AND SO IT'S NOT SOMETHING THAT, YOU KNOW, IS GONNA BE RECURRING EACH OF THE NEXT FEW YEARS EITHER. 
          UM, YOU SEE, UH, IMPORTANTLY, THE CONTINUED HEALTH FOR BOTH THE MENTAL AND PHYSICAL SUPPORT. 
          SO THE PROGRAMS THAT WERE ADOPTED PREVIOUSLY, UM, YOU SEE THE, UH, AGAIN, THE, UH, ALMOST $330,000 FOR PPE, UH, THAT'S FOR, UH, OUR CURRENT FIREFIGHTERS FOR THE ROUTINE, UH, REPLACEMENT. 
          UH, AND THE CAPITAL SIDE, YOU SEE A BATTALION CHIEF VEHICLE. 
          UH, AND THEN TWO, UH, UH, UM, UH, AMBULANCE, UH, AMBULANCES WILL BE PURCHASED, AND A BRUSH TRUCK, UH, THIS WILL BE A TRUCK, UM, UM, THAT I THINK BOTH, UH, PD AND FIRE. 
          WE MENTIONED THE PD WANNA BE PURCHASED THERE, ANOTHER SOURCE. 
          UH, BUT THESE ARE TRUCKS THAT ARE IMPORTANT FOR A VARIETY OF REASONS. 
          THEY'RE IMPORTANT FOR EVENTS, THEY'RE IMPORTANT FOR PD AND FIRE TO BE ABLE TO RESPOND IN THINGS LIKE OUR SPRING CREEK NATURE AREA OR THE CENTRAL TRAIL, MEANING THESE GIVE THEM ACCESS TO AREAS, UM, AND, UH, AND, AND THAT, THAT THEY OTHERWISE, UH, WOULD NOT HAVE, UH, THE SAME ACCESS, UH, WITH THE SAME EQUIPMENT, UM, IN MANY CASES. 
          AND THEN, UH, THIS, UH, THROUGH A SPECIAL PROJECT FUND, UH, WE'RE REPLACING 70 OF THE BALLISTIC VEST, UM, AND PROTECTED PLATES THAT ARE, UM, ON THE, UM, APPARATUS. 
          UM, UM, OFTEN OUR, OUR FIRE PERSONNEL FIND THEMSELVES, UH, IN, UM, DANGEROUS SITUATIONS IN SUPPORT OF OUR PD OR IN RESPONSE WITH PD. 
          AND SO THESE ARE ALL THINGS THAT WE OUT OUTFIT ON, UH, IN, UH, THE, ON THE POLICE SIDE, THE CONTINUED, UH, INVESTMENT IN, IN INCLUDES, AGAIN, THE MENTAL AND PHYSICAL WELLNESS PROGRAMS, UM, ABOUT $400,000 IN UNIFORMS. UH, IMPORTANTLY, CONTINUED FUNDING FOR COMMUNITY ENGAGEMENT, UH, INITIATIVES SUCH AS UNIDOS, UH, OUR APARTMENT MANAGERS MEETINGS, UH, THE FAITH FAITH CONFERENCE THAT WE DO. 
          AND THEN A VARIETY OF, UH, PROGRAMS, UH, FOR SENIORS, WOMEN, UM, AND OUR YOUTH. 
          UM, THERE ARE 13 PATROL VEHICLES BEING PURCHASED, UH, THROUGH THE CAPITAL REPLACEMENT FUND. 
          UM, AND YOU SEE, UM, THIS RED DOT OPTIC SITES AND, UM, HOSTS, UH, THIS IS, UH, SOMETHING THAT'S, UH, IMPORTANT AS YOU KNOW. 
          UH, MANY YEARS AGO AFTER A A, A VERY UNFORTUNATE INCIDENT, WE BEGAN TO STANDARDIZE THE WEAPONS THAT, UH, PD USES, AND THIS'LL STANDARDIZE THE OPTICS AS THE OPTIC SITES AS WELL, AND, AND HELP THEM NOT ONLY, UH, FROM CONSISTENCY WITHIN THE DEPARTMENT, BUT ALSO TRAINING WITH OTHER DEPARTMENTS. 
          AND THEN YOU SEE, I MENTIONED THE SIDE BY SIDE UTILITY VEHICLE. 
          THAT'S ONE THAT WOULD PROVIDE OUR, UH, PD ACCESS TO A LOT OF AREAS, UH, THAT ARE CURRENTLY, UM, MORE DIFFICULT FOR THEM TO GET TO. 
          UM, I MENTIONED, UH, I WANNA MENTION, BECAUSE IT'S A, IT'S A, A A HALF MILLION DOLLAR REVENUE ASSUMPTION. 
          AND OUR CURRENT BUDGET, UH, THE PARTNERSHIP THAT, UH, WE PROPOSED KICKOFF OCTOBER 1ST BETWEEN RPD AND ADDISON PD, WHERE, UH, ADDISON PD WOULD BE, UH, BRINGING ITS ARRESTEES TO OUR JAIL. 
          UH, YOU CAN SEE ON THE RIGHT HAND SIDE OF THE SLIDE THERE, UM, WE'LL BE, UH, RECEIVING ABOUT A HALF A MILLION DOLLARS, UH, A YEAR ONE FROM ADDISON. 
          UH, THAT'S, UH, AVERAGES ABOUT FOUR ARRESTEES PER DAY, ABOUT A COST OF ABOUT $342. 
          THAT'S ONE MORE ON AVERAGE A DAY, UH, THAN WE, UH, EXPECT BASED ON, UM, THEIR MOST RECENT, UM, UH, DATA THAT THEY PROVIDE. 
          AND THEN YOU CAN SEE FOR AN ESCALATION THERE, THE MOST IMPORTANT THING I THINK, ON THIS CONTRACT IS TO NOTE THAT, UH, IF FOR SOME REASON THIS DOES NOT WORK OUT IN CHIEF TITTLE BELIEVES THAT IS NOT PRUDENT OR IN OUR BEST INTEREST ANYMORE, UM, WE CAN, UH, END THIS RELATIONSHIP WITH 180 DAY NOTICE. 
          AND ADDISON WENT INTO THAT EYES OPEN. 
          UM, AND SO, UM, YOU KNOW, FOR SOME REASON, IF THIS ISN'T, UM, THIS DOESN'T, UH, PRODUCE THE, THE, THE OUTCOME THAT WE WERE HOPING FOR, UM, UM, WE WILL, WE HAVE A WAY TO TERMINATE THAT. 
          A FOURTH DETENTION SUPERVISOR WILL BE ADDED. 
          UH, CHIEF TITTLE, I THINK MENTIONED PREVIOUSLY AS WE'VE GONE TO, UM, UH, THE, THE 12 HOUR SHIFT STRUCTURE, WE HAVE ADDED, UH, WE HAVE NOW FOUR LIEUTENANTS AND PD. 
          WE HAVE FOUR, UM, COMMUNICATION SUPERVISORS, AND NOW THIS WILL GIVE US FOUR DETENTION SUPERVISORS, ENSURING THAT THERE'S A SUPERVISOR ON DUTY AT ALL TIMES 
          [00:50:01]
FOR ALL OF THE, UH, ALL OF THE, UH, KEY FUNCTIONAL AREAS THERE. 
          AND THEN I ALSO MENTIONED THE, UH, RPDP PLANO PD TRAINING CENTER AGREEMENT. 
          UH, JUST AS A REMINDER, WE SHARE THAT TRAINING CENTER. 
          UH, IT'S, IT'S WAS CONSTRUCTED IN 1990, AND, UH, IF YOU'VE EVER TOURED IT, IT, IT KIND OF REMINDS YOU OF 1990. 
          UM, WE, UH, PLANO COVERS ABOUT 70% OF THE OPERATING COSTS. 
          UH, OBVIOUSLY, WE, WE MAKE UP THE REMAINING 30%, UH, IN MAY PLANO VOTERS APPROVED, UH, A $51 MILLION IN BONDS TO FUND A NEW PLANNING, A NEW TRAINING FACILITY THAT WOULD MAKE OUR SHARE ABOUT 15 POINT, UH, JUST SHY OF $16 MILLION IN PRINCIPLE. 
          UM, THE WAY THAT WE'LL DO THIS IS, UH, WE'LL, WE'LL HAVE AN ANNUAL COST THAT WE'LL PLAY TO THIS, PAY TO THE CITY OF PLANO THROUGH OUR, UH, GENERAL DEBT SERVICE FUND, UH, KENT AND THE TEAM HAVE ALREADY STARTED TO MODEL THAT IN. 
          UH, THOSE PAYMENTS WILL BEGIN, UH, NEXT YEAR IN FFY 27 AT APPROXIMATELY $1.3 MILLION, UH, A A YEAR. 
          UM, AND, UH, JUST AS A REMINDER, UH, ANNUALLY, EVEN TODAY, WE HAVE ABOUT A HUNDRED THOUSAND DOLLARS IN THE PD, THE PD BUDGET FOR OUR SHARE OF THE OPERATING COST. 
          YOU KNOW, THAT COULD IMPROVE A LITTLE WITH SOME OF THE EFFICIENCIES AND, AND SOME OF THE NEW TECHNOLOGIES. 
          UM, UM, BUT, UH, RIGHT NOW WE'RE, WE'RE KIND OF PLANNING ON IT BEING ABOUT CONSISTENT. 
          UM, YOU KNOW, THIS IS SOMETHING I THINK TO BE VERY PROUD OF. 
          UM, IF YOU LOOK AT, UH, OVER, UH, THE LAST FIVE YEARS, THE, UH, INCREASE IN INVESTMENT IN PUBLIC SAFETY, UH, HAS INCREASED BY 33, UH, PERCENT. 
          NOW, A LOT OF PEOPLE WOULD SAY, WELL, YEAH, THAT'S JUST BECAUSE IT COSTS MORE TO DO THE SAME. 
          AND THAT'S ACTUALLY NOT TRUE. 
          IT'S BECAUSE OF THE DECISIONS THAT, UH, COUNCILS HAVE MADE, UH, TO, UH, SUPPORT THE COMPENSATION, THE MENTAL HEALTH, THE PHYSICAL WELLNESS, UM, AND TO REALLY PROVIDE, UH, PD, UH, WITH THE, UM, MOST, UH, PDN FIRE WITH, WITH THE UTMOST, UH, UH, CONTEMPORARY MODERN AND SAFEST EQUIPMENT AND MATERIALS POSSIBLE. 
          SO THIS ISN'T JUST INFLATIONARY PRESSURE, THIS IS DELIBERATE POLICY DECISIONS THAT YOU'VE MADE ON THE, UH, PROJECTS AND INFRASTRUCTURE SIDE. 
          OF COURSE, INFRASTRUCTURE IS SOMETHING, UH, I, I, I KNOW WE ALL FEEL VERY STRONGLY ABOUT. 
          UM, YOU SEE A, A CONTINUED RE-INVESTMENT IN OUR, UH, SCREENING WALLS AND OUR BRIDGE RAIL MAINTENANCES. 
          THESE ARE OFTEN THINGS THAT WERE, UM, CONSTRUCTED WITH PRIOR BOND PROGRAMS. SO I REALLY LOOK AT THIS AS TAKING, UM, YOU KNOW, MAKING SURE THAT WE'RE TAKING CARE OF THE INVESTMENT THAT WE'VE ALREADY MADE THROUGH BOND PROGRAMS. UM, YOU SEE ABOUT $440,000 IN ADDITION TO, UH, THE, UH, ANNUAL MAINTENANCE DOLLARS AND THE BOND DOLLARS FOR CONCRETE AND ASPHALT REPAIRS. 
          UM, THIS IS, UH, JUST IN THE OPERATIONS, UH, OF COURSE, UH, THE TRAFFIC MARKING SIGNS AND SIGNALS, UH, REALLY TRYING TO MAKE SURE THAT WE'RE ABLE TO CONTINUE TO ACHIEVE THAT SIX YEAR ROTATION, UM, WITH A TOTAL OF ABOUT $1.9 MILLION IN INVESTMENT, BUT ABOUT $91,000 MORE THAN, UM, WE ANTICIPATED WHEN WE DID, UH, THE TRANSPORTATION DEEP DIVE, UM, ON THE, UH, PROPERTY TAX MAINTENANCE INITIATIVES. 
          I MENTIONED WE WERE VERY, VERY, UH, PLEASED THAT, UH, WE WERE NOT, UM, WE DID NOT, UM, UH, HAVE TO RECOMMEND REDUCING ANY OF THESE TRANSFERRED OUT. 
          SO STREETS AND ALLEYS REMAIN THE SAME. 
          PARKS MAINTENANCE AND FACILITY MAINTENANCE ALL REMAIN THE SAME. 
          UM, SEVERAL, UH, KEY PROJECTS TO OUR 2021 BOND PROGRAM, UH, REMAINS. 
          UH, THIS IS THE FIFTH YEAR. 
          UH, WE'LL TALK ABOUT THAT A LITTLE BIT LATER AS WE TALKED ABOUT THE DEBT PLANNING. 
          UH, BUT YOU SEE A VARIETY OF PROJECTS, UH, UH, ALREADY BEGINNING TO IMPLEMENT YOUR AQUATICS MASTER PLAN WITH, UH, WHAT WAS IDENTIFIED AS THE HIGHEST PRIORITY PROJECT WAS, WHICH WAS TO, UM, RE UH, KIND OF, OF RE RENOVATE AND, AND MAKE IMPROVEMENTS TO HEIGHTS AQUATIC CENTER. 
          UM, YOU SEE, UM, ABOUT $20 MILLION IN WATER AND WASTEWATER PROJECTS. 
          UH, UM, AND, UH, OVER ON THE CAPITAL REPLACEMENT FUND, YOU SEE A VARIETY OF, UH, SMALLER PURCHASES, UM, UH, AS WELL AS, UM, UM, A, UH, ONE TON TRUCK FOR STREETS WITH THE, UH, SAND ATTACHMENTS, WHICH IS A, A, A FAIRLY LARGE PURCHASE, AND THEN ABOUT 1.9, 1.1 MILLION, $1.2 MILLION IN DEDICATED PROJECTS AND THE DRAINAGE. 
          AND THOSE ARE PROJECTS, UH, ONLY MADE POSSIBLE BY, UH, YOUR SUPPORT OF THE INCREASE, UH, IN $1, UH, IN THE DRAINAGE UH, FEE, WHICH, AGAIN, THAT $1 EXCLUSIVELY GOING TO THOSE PROJECTS, UH, ABOUT A 47% INCREASE OVER THE LAST FIVE YEARS, UH, IN THE INCREASE IN, UH, OUR, UH, DEDICATION AND COMMITMENT TO INFRASTRUCTURE. 
          JUST A LITTLE BIT ABOUT GENERAL FUND REVENUES AS WE TRANSITION OUT TO TALK A LITTLE BIT MORE, UM, UH, GENERICALLY AND COVER A FEW OTHER DEPARTMENTS. 
          UH, 80 JUST SHY OF 84% OF THE, OUR REVENUES ARE GEN GENERATED BY PROPERTY TAX, FRANCHISE FEES, AND SALES TAX. 
          WE'VE ALREADY SPOKE, UH, QUITE A BIT ABOUT PROPERTY TAX, SO I'M NOT GONNA SPEND ANY TIME ON THAT. 
          BUT IF YOU LOOK AT OUR FRANCHISE FEES, WE'RE ESTIMATING ABOUT A $300,000 INCREASE THERE. 
          UH, YOU SEE, UM, ABOUT A HUNDRED, $2,000, UH, FROM, UH, ELECTRICAL FEES. 
          THAT'S JUST BASED ON OUR NORMAL MODELING ABOUT 17 FROM, UH, TELEPHONE FRANCHISE FEES, ABOUT 67 FROM GAS, UH, FRANCHISE FEES. 
          AND AGAIN, THESE ARE JUST ASSUMING NORMAL WEATHER PATTERNS AND LOOKING AT TRENDS THAT WE'VE SEEN IN THE PAST FEW YEARS. 
          UH, THE CABLE FEES OBVIOUSLY RELATED TO THE LEGISLATION, UM, THAT WE DISCUSSED PREVIOUSLY ABOUT A 250, 200 $60,000 REDUCTION THIS YEAR. 
          [00:55:01]
UH, AND THEN THE, UH, WATER, UH, WASTEWATER FEES AND THE SOLID WASTE FEES. 
          THESE ARE JUST BASED ON, UM, 5% OF THE SALES AND SERVICE FEES. 
          UM, UH, FOR THE USE OF OUR RIGHT OF WAYS, THIS IS A BEST PRACTICE, UH, THAT WE'VE BEEN, UH, SUBSCRIBING TO FOR, FOR MANY YEARS NOW. 
          BUT FRANCHISE, UH, FEES PROJECTED TO BE UP ABOUT $304,000 SALES TAX. 
          UM, LOOKING AT A, UH, A NICE RECOVERY IN SALES TAX, UH, AN INCREASE OF ABOUT $1.7 MILLION, UH, SALES TAX BUDGETED, UH, SALES, UH, TAX BUDGETED ITSELF AT, UH, $54.2 MILLION, UH, WHERE MIXED BEVERAGE, UM, IS ABOUT $13,000 DOWN AND BINGO UP ABOUT $20,000. 
          IF YOU LOOK AT THE SALES TAX, UM, YOU CAN KIND OF SEE WHAT WE'RE DOING HERE. 
          UM, WE'RE KIND OF HEARKENING BACK TO A LEVEL OF ABOUT FY 24, I RECALL. 
          UM, FY 24 WAS A YEAR THAT WE SAW A PRETTY GOOD ADJUSTMENT. 
          UH, WE CAME IN WITH A VERY CONSERVATIVE FY 25 ESTIMATE. 
          UH, THEY'RE ABOUT 52.4 MILLION. 
          UH, WE'RE GONNA FINISH THE YEAR ABOVE WHERE WE'RE ESTIMATING NEXT YEAR. 
          THAT IS JUST GOOD, SMART, CONSERVATIVE. 
          UH, UM, UM, UM, BUDGETING, UH, EVERYTHING I STARTED OUT TALKING ABOUT AS WE TALKED ABOUT, UH, ECONOMIC INDICATORS, AS WELL AS EVEN OUR OWN GROWTH OUTLOOK. 
          UM, THIS IS, THIS IS DEFINITELY THE RIGHT PLACE. 
          I WOULD, UH, WE, WE, UH, WE STRONGLY, UH, TRY TO NOT, UH, BUDGET ANY NEW REOCCURRING COSTS ON THE BACK OF, UH, SALES TAX ANYWAY. 
          AND SO, UM, I FEEL LIKE THIS IS A, IS A HAPPY MEETING. 
          YOU SEE, AGAIN, HARKENING BACK TO ABOUT THE FY 24 LEVEL. 
          UH, THE NEXT IS A, A BIG GROUP OF, UH, A BIG GROUP OF, UM, UH, OTHER REVENUES. 
          YOU SEE, UH, LICENSE AND PERMIT FEES, FINES, AND FORFEITURES DOWN A LITTLE BIT. 
          UM, YOU SEE INTEREST DOWN THREE QUARTERS OF A MILLION DOLLARS. 
          UH, THAT'S A BYPRODUCT OF JUST, UH, PROJECTED RATES THAT THE FED HAVE BEEN TALKING ABOUT FOR SEVERAL, UH, WEEKS, IF NOT MONTHS NOW, AS WELL AS A LITTLE BIT LOWER LEVELS, UH, OF, UH, UH, RESERVES IN SOME CASES. 
          AND THEN, UM, YOU SEE, UH, A RECREATION LEISURES, UH, FORECAST INCREASE ABOUT $29,000. 
          UH, BUT THAT INCLUDES $87,000 IN NEW FEES THAT WE'LL TALK ABOUT IN JUST A SECOND. 
          UM, AND THEN CHIEF VY WAS ABLE TO, TO KIND OF TALK A LITTLE BIT ABOUT THE DECREASE, UM, IN AMBULANCE SERVICE AND 9 1 1 SERVICE FEES. 
          UH, BUT THEN THAT'S OFFSET BY THE 500, $500,000 ASSUMPTION OF REVENUE FROM, UM, THE, UM, UH, ADDISON, UH, AGREEMENT IN THE JAIL. 
          UM, BOB DID AN EXCELLENT JOB OF COVERING THESE PREVIOUSLY. 
          UH, YOU SEE ABOUT $23,000 IN NEW FEES FROM ANIMAL SERVICES, ABOUT $125,000 IN BUILDING INSPECTIONS. 
          A COUPLE THOUSAND DOLLARS IN COMMUNICATIONS, UH, OFFSET THAT WITH A LITTLE BIT OF A LOSS IN, UM, UH, HEALTH FEES. 
          UH, ALL OF THOSE LOSSES ASSOCIATED WITH CHANGES IN STATE LAW, BY THE WAY. 
          UM, PARKS AND REC, UH, ATHLETICS, GYMNASTICS AND POOLS, UM, AS WELL AS TENNIS, ALL AMOUNTING TO ABOUT $312,000, UM, IN NEW FEES I MENTIONED. 
          UH, FAILED TO MENTION THEIR COMMUNITY SERVICE AS WELL. 
          UM, BUT ALL, ALL, UH, ACCOUNTING FOR ABOUT $312,000 AND ADDITIONAL FEES. 
          UM, AGAIN, ALL THOSE ALREADY KIND OF ASSUMED AS WE COVERED THEM THROUGH, UH, OUR, UH, THROUGH YOUR BUDGET RETREAT. 
          IN TERMS OF EXPENDITURES FOR THE GENERAL FUND, ABOUT, UH, 67% OF THOSE CAN, UH, BE ATTRIBUTED, UH, TO PERSONNEL SERVICES. 
          UM, UH, ABOUT, UH, 75% OF ALL THE, UH, EXPENDITURES, UH, CAN BE, UH, REALLY ASSIGNED TO FOUR AREAS. 
          ONE, UH, PUBLIC SAFETY, THE LARGEST AT ABOUT, UH, JUST OVER 40% OF ALL EXPENDITURES. 
          UH, GENERAL GOVERNMENT, UM, THEY'RE ABOUT 12, UH, 0.8% INFRASTRUCTURE AND MOBILITY, A BIG PRIORITY OF YOURS, ABOUT 12%. 
          AND THEN RECREATION AND LEISURE, JUST SHY OF 10%. 
          UM, JUST REAL QUICKLY, A COUPLE OF, UH, HIGHLIGHTS HERE, AND THAT, UH, IN DIFFERENT DEPARTMENTS, UH, COMMUNITY AND NEIGHBORHOOD SERVICES, UH, YOU SEE A DECREASE. 
          THEY HAVE $200,000, UH, YOU, BUT YOU SEE, THAT'S ALL IN THE HOME IMPROVEMENT CENTER PROGRAM. 
          THAT'S JUST THE BYPRODUCT OF WHAT PROJECTS ARE COMING DUE AND WHAT YEAR AND WHEN THEY'LL BE PAID. 
          AND SO, UH, ALL OF OUR, I'LL MAKE THIS REALLY, UM, UM, UM, A REAL CLEAR POINT OF THIS. 
          ALL OF THE FUNDING THAT WE HAVE SET ASIDE IN PRIOR YEARS FOR HOMEOWNER AND NEIGHBORHOOD ASSOCIATION SUPPORT PROGRAMS ARE ALL STILL, UH, INTACT. 
          THERE'S NO, THERE'S NO, UM, NO, UH, MOVE THERE. 
          UH, WE'VE MENTIONED TO YOU THAT, UH, PLANNING, DEVELOPMENT AND EN UH, PLANNING AND DEVELOPMENT AND ENGINEERING BEING COMBINED INTO ONE COST CENTER, UH, FOR THE NEW YEAR, UH, THERE YOU SEE A INCREASE OF ABOUT $20,000. 
          UM, AND, UM, THAT'S JUST ASSOCIATED WITH, UM, UH, MAINLY, UH, JUST THE, UM, UH, COMPENSATION PLAN THAT'S RECOMMENDED, UH, FACILITIES AND FLEETS A BIG MOVER THIS YEAR. 
          UH, YOU SEE A TOTAL THERE INCREASE OF ABOUT $518,000. 
          UM, UM, THAT PROVIDES, YOU SEE ABOUT $5 MILLION IN FUNDING FOR FACILITY MAINTENANCE. 
          UM, A LOT OF THAT HAS GOT TO DO WITH INCREASES IN COST FOR, UM, CONTRACTUAL INSPECTIONS OF CRITICAL, UH, FACILITY SYSTEMS. THESE ARE THINGS LIKE ELEVATORS, UM, GENERATORS, UH, YOU KNOW, EVEN FIRE EXTINGUISHERS. 
          UM, UH, ALSO, UH, AN 
          [01:00:01]
UPTAKE IN ROUTINE MAINTENANCE COST, UH, ABOUT, UH, ABOUT $7 MILLION BEING PROGRAMMED FOR A MAINTENANCE UPKEEP OF OUR VEHICLES AND EQUIPMENT, UH, THROUGH, UH, OUR FLEET DEPARTMENT. 
          UM, SEE GENERAL GOVERNMENT THERE, A DECREASE OF ABOUT 1 6, 1 $0.6 MILLION. 
          UH, RE RECALL, A, A BIG PART OF THAT ASSUMES, UH, $2.2 MILLION IN SAVINGS FROM, UH, WHAT WE'RE CALLING A 7% VACANCY RATE. 
          UH, THAT'LL BE ACHIEVED, UH, THROUGH JUST NATURAL ATTRITION, UH, THROUGH, UM, UM, STRATEGICALLY LEAVING POSITIONS MAYBE OPEN, UH, FOR A SHORT PERIOD OF TIME. 
          BUT TO ALSO RECALL, AND I THINK IT'S IMPORTANT TO NOTE, UH, FROM AN OPERATION STANDPOINT, WE HAVE 26 POSITIONS THAT ARE FROZEN AT THIS POINT IN TIME. 
          AND SO, UH, THOSE ARE ALL PREDOMINANTLY, UH, GENERAL, UH, GOVERNMENT TYPE POSITIONS. 
          UH, NO PUBLIC SAFETY, WITH THE EXCEPTION OF A FEW, UM, ADMIN THAT THE, THE CHIEFS HAVE, UH, HAVE, HAVE, UM, OFFERED, UH, TO FREEZE, BUT, UH, NO, NO SWORN, UM, UH, SO, UH, PROBABLY ABOUT, UH, 23 OR SO GENERAL GOVERNMENT POSITIONS THAT'LL BE FROZEN, UH, IN THE IT SECTOR, ABOUT $8.7 MILLION OR $287,000 INCREASE. 
          UM, YOU CAN SEE THAT'S, UH, REALLY FOCUSING ON THE CONTINUED TRANSITION, UH, OFF OF OUR LEGACY SYSTEMS, UM, AS WELL AS, UH, ABOUT $1.7 MILLION FOR CLOUD-BASED SERVICES. 
          THAT'S AN INCREASE OF ABOUT 263 OF THE $287,000. 
          THAT'LL JUST GIMME A CONTINUE. 
          THAT'LL CONTINUE TO BE A TREND AS WE, UH, BEGIN TO CONTINUE TO USE CLOUD SERVICES MORE AND MORE. 
          AND ABOUT $158,000 INCREASE IN THE LIBRARY THAT SUPPORTS, UM, THE LIBRARY, UH, THAT CONTINUES TO SUPPORT THE LIBRARY'S, UH, MODIFIED OPERATIONS HERE AND THE TEMPORARY CITY HALL, AND ALSO THE RELOCATION BACK TO THE REMODELED, UH, LIBRARY, AS WELL AS, UH, UM, UH, SOME FUNDING, UH, DEDICATED FUNDING FOR CULTURALLY DIVERSE PROGRAMMING THAT THEY DO SO VERY WELL THERE. 
          UM, AND THE RECREATION AND LEISURE, UM, WE HAVE AN INCREASE OF ABOUT $500,000. 
          UM, THAT IS, UH, A BIG PART OF THAT INCREASE IS RELATED TO COMMUNITY EVENTS, UM, BUT ALSO SUPPORTS PROGRAMMING AT THE AL REC CENTERS AND THE SENIOR CENTER, UM, IN MANY OF THE OTHER, UH, FACILITIES THAT WE TALKED ABOUT, UH, AS IT RELATED TO, UH, SOME OF THE FEE TWEAKS. 
          I'LL TELL YOU, I DO WANT TO SAY, I, I CONTINUE TO, UH, JUST APPLAUD YVONNE AND EVEN LORI BEFORE YVONNE WORKING, UH, BY FAR THE MOST, UH, DEPTH DEPARTMENT AT, UH, COST RECOVERY, AND REALLY HELPING US APPRECIATE AND UNDERSTAND, UM, THAT, UH, THAT COMPONENT OF, OF THEIR RECOMMENDATIONS. 
          AND SO, UH, WE'RE GONNA GET BETTER AND BETTER AT THAT AND, AND A LOT OF OTHER DEPARTMENTS AS WELL. 
          UH, YOU SEE THERE, AGAIN, THE UNCHANGED, UH, PARTS DEDICATION OF $623,000 TO TRANSFER OUT THE $1.8 MILLION FOR THE AQUATIC CENTER. 
          UM, AND, UM, UM, ABOUT $30,000 IMPORTANTLY FOR OUR MUCH FUND BEAUTIFICATION PROGRAM WITH OUR NEIGHBORHOODS. 
          IN TERMS OF TRANSFER OUTS, UH, AGAIN, I WON'T BELABOR THE POINT, BUT WE'RE JUST EXCITED THAT THESE ARE ALL UNCHANGED, INCLUDING THE ECONOMIC DEVELOPMENT FUND. 
          NOW, WE DID HAVE A REDUCTION IN THE CA CAPITAL REPLACEMENT FUND. 
          UM, WE RIGHT SIZED THAT FUND, AND WE FUNDED EVERYTHING THAT WAS RECOMMENDED, UM, UH, FROM OUR, UH, FLEET, UH, DEPARTMENT. 
          UM, WE HAVE A SIGNIFICANT FUND BALANCE IN THAT, UH, PARTICULAR FUND. 
          AND, UH, WE DIDN'T BELIEVE WE JUST, UH, NEEDED TO ADD $481,000 MORE TO THAT FUND BALANCE. 
          AND SO, UH, THAT'S THE ONLY REASON WE, UH, RECOMMENDED THAT REDUCTION. 
          UH, THAT NUMBER WILL CHANGE YEAR TO YEAR JUST BASED ON OUR NEEDS. 
          AND, UH, WE WILL CONTINUE TO EXPLAIN THAT AWAY. 
          UM, IN TERMS OF THE TAX RATE, UH, DISCUSSION, UH, WE TALKED ABOUT BRIEFLY ABOUT THIS. 
          UM, AGAIN, UH, THE CERTIFIED VALUE, WHICH WAS DOWN 1.43%, WAS ABOUT 25, UH, 0.7, UH, BILLION DOLLARS. 
          UM, IF YOU, UH, GO AHEAD AND SUBTRACT OUT THE TS, WHICH WAS ABOUT 2.7, UM, A BILLION DOLLARS, AND ADD IN THE VALUES IN DISPUTES, YOU COME UP WITH THAT 23.855 NUMBER. 
          THAT'S WHERE WE GET THE, THE, UH, NEGATIVE 0.61. 
          THAT INCLUDES ABOUT 170, UH, $6 MILLION OF NEW CONSTRUCTION. 
          AS I MENTIONED PREVIOUSLY, EACH OF THE NEXT FEW YEARS, I, I, I FULLY EXPECT, UH, THAT NUMBER TO BE HIGHER ON THE NEW CONSTRUCTION SIDE, WHICH AGAIN, IS VERY IMPORTANT BECAUSE THAT'S A HUNDRED PERCENT, UH, VALUE THAT'S REALIZED. 
          UH, UNLIKE, UH, YOU KNOW, ANY VALUE THAT COMES, UH, FROM, UM, THE PROPERTY TAX CAP BEING, UM, BEING LIMITED THERE, UH, UH, JUST OVER 8% OF OUR RESIDENTIAL ACCOUNTS SAW A MARKET VALUE INCREASE OF 10%. 
          THAT'S DOWN 10% OR MORE. 
          UH, THAT'S DOWN FROM, FROM PRIOR YEARS, ABOUT 40, UH, TWO, UH, 0.75% OF OUR RESIDENTIAL ACCOUNTS QUALIFIED FOR THE HOMESTEAD CAP. 
          WHAT THAT MEANS WAS THERE WAS A LOT OF, UM, VALUE THAT WAS PENT UP FROM PRIOR YEARS. 
          AND SO, UM, THAT'S HOW YOU GET SUCH A BIG DIFFERENCE THERE. 
          THE SENIOR TAX EXEMPTION, UH, UNDER YOUR DIRECTION WAS RAISED TO $160,000. 
          UH, THAT'S EQUATING NOW TO ABOUT A 33% PROTECTION AGAINST MARKET VALUE FOR SENIORS. 
          AND WE NOW HAVE, UH, WELL, EXACTLY, I GUESS IF I REMEMBER ONE THIRD, UH, OF ALL RESIDENTIAL ACCOUNTS, SENIOR ACCOUNTS NOW, UM, UM, THE AVERAGE HOME 
          [01:05:01]
VALUE, THE MARKET VALUE WENT UP, UH, JUST A LITTLE BIT TO 483,993 IN THE TAXABLE VALUE WENT UP ABOUT SIX, UH, JUST OVER 6% TO $411,065. 
          UH, OUR SPLIT BETWEEN COMMERCIAL AND RESIDENTIAL VALUE CONTINUED, UH, TO BE ABOUT A 58, 42 THIS YEAR YEAR. 
          UM, AGAIN, I'M HOPEFUL, UH, THAT WE WILL SEE THAT TREND, UM, UM, ON THE COMMERCIAL SIDE, UH, START TO TREND UP AGAIN, UM, UH, WITH THE AMOUNT OF INVESTMENT THAT, UH, WE DESCRIBED THAT WE KNOW WILL BE COMING ON THE TAX ROLLS IN THE COMING YEARS. 
          UM, WITH RESPECT TO THE PROPERTY TAX RATE, UH, RECALL THE RATE IS, UH, THE ADOPTED RATE THAT'S ASSESSED ON THE TAXABLE VALUE OF REAL AND BUSINESS PERSONAL PROPERTY. 
          IT HAS THE M AND O COMPONENT AND THE DEBT RATE COMPONENT. 
          UM, THE NO NEW REVENUE RATE, WHICH WE DISCUSS WOULD BE THE RATE THAT WOULD GENERATE APPROXIMATELY THE SAME REVENUE AS PRIOR YEARS. 
          AND THE VOTER APPROVAL RATE IS THE RATE THAT ALLOWS A CITY TO COLLECT, UM, 3.5% MORE REVENUE FROM PROPERTY TAXES THAN THE PRIOR YEAR. 
          UM, WE HAVE DISCUSSED INCREMENT IN THE PAST, BUT THAT REALLY ISN'T APPLICABLE THIS YEAR. 
          UH, WE RECOMMENDED, UM, UH, THAT YOU STICK WITH THE CURRENT RATE, UM, UM, AND, UM, AND THAT'S WHAT, UH, YOU, UH, DID AND WHEN YOU CALLED YOUR, UH, TAX RATE PUBLIC HEARING. 
          AND SO THAT WILL BE THE RATE THAT THIS BUDGET IS PREDICATED ON. 
          IF YOU COMPARE THAT TO SOME OF OUR OTHER CITIES, UH, YOU SEE THERE THAT, UM, WELL, LAST YEAR WE WERE, UH, THE SIX LOWEST AMONG OUR PURE CITIES. 
          UM, AND WE WERE, UH, ABOUT TWO AND A HALF CENTS BELOW THE AVERAGE RATE OF ABOUT 56.6, UH, OH, I'M SORRY, 0.566. 
          UM, UM, THE PROPERTY TAX RATE THAT WE'RE AT NOW, THAT 5 4 2 1 8, UH, THE LAST TIME WE WERE THAT LOW, UH, WAS PRIOR TO THE 2025, I'M SORRY, THE 20, UH, UH, TO 2006 BOND PROGRAM. 
          WE CALLED. 
          THE 2006 BOND PROGRAM, UH, WAS A PROPERTY TAX RATE INCREASE PROGRAM OF, UH, I BELIEVE 6 CENTS. 
          AND SO, UH, PRIOR TO THAT, WE WERE AT ABOUT 51 CENTS. 
          SO THIS IS THE LOWEST TAX RATE SINCE, UH, 2005. 
          UM, IF YOU LOOK AT THE ESTIMATED RESIDENTIAL TAX BILLS, UM, UH, OF COURSE, WE'VE GOT TWO SITUATIONS, DALLAS AND COUNTY, COLLIN, UH, COLLIN COUNTY, AND, AND DALLAS COUNTY. 
          YOUR, UM, CITY BILLS MAKES UP ABOUT A QUARTER OF YOUR TOTAL TAX BILL AND IN COLLIN COUNTY, MAKING UP ABOUT JUST SHY OF 30% OF YOUR, UH, TOTAL TAX BILL, NOT HAVING COLLIN COUNTY, OF COURSE, NOT HAVING, UM, THE, UH, PARKLAND OR A ANY HOSPITAL, UH, COMPONENT TO IT. 
          UM, YOU'VE CALLED THE, UH, PUBLIC HEARING. 
          UM, IT'S ALWAYS IMPORTANT FOR US TO NOTE THE CITY'S REQUIRED BY STATE LAW TO POST NOTICE OF THE HEARING WITH THE VARIOUS TAX RATES IN THE DALLAS MORNING NEWS. 
          AMY HAS ASSURED ME THAT THAT'S HAPPENING. 
          UH, NOTICE IS ALSO POSTED ON THE CITY'S WEBSITE, UH, AND YOU SEE THE EXCERPT FROM THE NOTICE THAT WE ALWAYS JUST LIKE TO SHARE WITH YOU, SO, YOU KNOW, UH, WHY WE'RE POSTING, UH, WHAT WE'RE POSTING. 
          AND YOU SEE THERE, UM, THE PUBLIC HEARING ON THE TAX RATE IS SEPTEMBER, UH, THE EIGHTH, AS WE MENTIONED, UH, PREVIOUSLY. 
          UM, LET ME TRANSITION NOW, UM, TO, UM, SOME OF OUR OTHER FUNDS, THE WATER AND SEWER FUND. 
          WE'LL START WITH THAT. 
          UH, REVENUES THERE. 
          UM, SOME OF THESE NUMBERS ARE, UH, REALLY IMPORTANT TO REMEMBER, RECALL NOW, FROM REVENUE WISE, 97.5% OF ALL OF OUR REVENUE COMES FROM WATER AND SEWER SALES. 
          YOU SEE HERE THAT FY 26 REVENUES ARE PROJECTED TO INCREASE SIX AND A HALF MILLION DOLLARS TO $119.9 MILLION. 
          WATER SALES, I DO INCLUDE A RECOMMENDED 6% RADIUS, AS DOES, UH, SEWER SALES. 
          UH, THE PROJECTED REVENUE FROM WATER, 72.3, UH, SEWERS, 44.6, UH, OTHER REVENUES, INTEREST EARNING MISCELLANEOUS FEES IS ABOUT $3 MILLION. 
          UM, I REALLY WANT TO JUST TAKE A SECOND HERE AND, AND, AND SAY, UM, YOU KNOW, I, I DON'T RECOMMEND ANY, UH, FEE INCREASE, UM, LIGHTLY. 
          I, THESE ARE NOT JUST NUMBERS ON A SLIDE, AS YOU VERY WELL KNOW. 
          THESE HAVE REAL IMPLICATIONS, UH, FOR OUR RESIDENTS. 
          I, I SAY THAT TO SAY, UM, THAT WHILE, UM, WE ARE, UM, HAVING TO PASS ALONG THE 6% RATE INCREASE, WE DID EVERYTHING WE CAN TO MITIGATE THAT. 
          AND YOU'LL SEE FOR THE FIRST TIME SINCE I'VE BEEN CITY MANAGER, UH, WE HAVE, UM, RECOMMENDED TO YOU THAT WE TAKE OUR FY 25 YEAR END FUND BALANCE, AND WE ALLOW THAT TO REMAIN IN THE FUND. 
          UH, WHAT THAT IS DOING IS TAKING A TWO YEAR VIEW, IN MY OPINION. 
          UM, WE SAW THE, UH, PROJECTIONS FROM JENNA COVINGTON IN THE NORTH TEXAS MISS WATER DISTRICT. 
          SO NOT ONLY ARE WE DEALING WITH, UM, UH, THE 4% INCREASE TO WHOLESALE WATER, UH, AND THE 15.5% INCREASE, UH, IN THE COST OF SEWER TREATMENT THAT WAS PASSED ON TO US THIS YEAR. 
          WE'RE ALREADY PLANNING FOR NEXT YEAR. 
          AND HOW DO WE BEST MITIGATE THAT AND TRY TO LEVEL OUT THE INCREASES THAT ARE NECESSARY, UH, TO, UH, RESPOND TO THESE, UH, TO THESE INCREASES FROM THE DISTRICT. 
          AND SO, UM, JUST WANNA MAKE NOTE, UM, BOB, IF I REMEMBER RIGHT, IT'S ABOUT $4 MILLION OR SO, UH, THAT WE'RE LEAVING IN THE FUND, UH, SO THAT WE CAN HELP, FOR LACK OF A BETTER DESCRIPTION, BUY DOWN WHAT WOULD'VE OTHERWISE BEEN PROBABLY ABOUT A NINE OR 9.5%, UH, INCREASE THAT WE WOULD'VE HAD TO RECOMMEND TO YOU. 
          SO, 
          [01:10:01]
UM, THE COST PRESSURES, OBVIOUSLY, I JUST MENTIONED, A 4% INCREASE IN WHOLESALE WATER COST, A 15.5% INCREASE IN SEWER TREATMENT COST. 
          SO IF YOU TAKE THOSE TWO, UM, AND, AND, UM, THAT, UH, THAT AMOUNTS TO ABOUT SEVEN, UM, $7.1 MILLION OF NEW REVENUE. 
          WE, WE, WE NEEDED, UH, TO CONTINUE, UM, UM, TO BE ABLE TO INVEST IN OUR OWN INFRASTRUCTURE, ABOUT 917,000, UH, UM, UM, INCREASE OF ABOUT 917,000 FOR OUR DEBT SERVICE. 
          UM, AND, UH, THIS DOES PROVIDE ALSO FOR THE MERIT BASED, UH, PAY PLAN ADJUSTMENTS FOR WATER AND SEWER STAFF, AS WELL AS, AS MAINTAINING THE 90 DAY, UM, UH, 90 DAYS OF FUND BALANCE THAT'S REQUIRED. 
          ON THE EXPENDITURE SIDE, 63.6% OF EXPENDITURES ARE DEDICATED TO JUST BUYING WATER AND PAYING FOR SEWER TREATMENT. 
          UM, 99.6% OF THE FUNDS, TOTAL CONTRACTUAL SPENDING IS ASSOCIATED WITH THAT. 
          UM, YOU SEE HERE, OUT OF A 51.3 MILLION, UH, DOLLAR BUDGET, $44 MILLION OF THAT, UH, ON THE, ON THE WATER BUDGET IS, UH, IS JUST TO PURCHASE THE WHOLESALE WATER, UH, DOES NOT LEAVE A LOT, UH, REMAINING, UH, TO, UH, COMPLY WITH THINGS LIKE EPA MANDATES FOR THE COPPER AND LEAD PIPING, OR TO MAINTAIN OUR OWN DISTRIBUTION SYSTEM. 
          WE HAVE PUMP STATIONS, WE HAVE, UM, UH, YOU KNOW, HUNDREDS AND HUNDREDS OF MILES OF OUR OWN WATERLINE. 
          UM, AND SO WHEN YOU, WHEN YOU DO THE MATH THERE, UH, WE'RE, WE'RE DOING ALL THAT ON ABOUT $8 MILLION A YEAR. 
          UH, AND THAT INCLUDES, UM, I'M PAYING FOR, FOR OUR STAFF, UM, WHICH WE ARE AUGMENTING THIS YEAR. 
          UH, IN, UH, IN RESPONSE TO THE STRATEGIC ASSESSMENT WE DID, RELATED TO SEVERAL, UM, INCIDENTS, UH, THAT OCCURRED ON THE SEWER SIDE. 
          UH, THE TOTAL BUDGET'S $36.2 MILLION, 34.3 MILLION OF THAT IS, UH, FOR SEWER TREATMENT CONTRACTS. 
          AND SO, AGAIN, YOU'RE TALKING JUST OVER, UH, OR JUST UNDER, I SHOULD SAY, $2 MILLION, UH, DEDICATED TO THE MAINTENANCE OF THINGS LIKE LIFT STATIONS AND SEWER LINES AND OTHER MAINTENANCE, UH, INCLUDING THE CMOM, WHICH IS ALSO A, A MANDATE. 
          UM, AND THANKFULLY WE'VE GOT SOME HELP THERE A LITTLE BIT FROM SOME OF THE CAPITAL. 
          UH, AS MANY OF THOSE PROJECTS NOW, UH, HAVE TURNED TO, UH, UH, UH, MORE CAPITAL, UH, PROJECTS THAN STUDIES ON THE SYSTEM MAINTENANCE AND, AND SEWER, THERE'S A DECREASE OF ABOUT $349,000. 
          UM, AND, UM, THEN YOU SEE THE ADMINISTRATIVE AND CUSTOMER SERVICE, UH, BUDGET AS WELL. 
          AND, UM, MENTIONED THE DEBT SERVICE THERE, UH, AS WELL, ABOUT JUST SHY OF $10 MILLION THIS YEAR, AN INCREASE OF ABOUT 917,000 ON THE SOLID WASTE, UH, SERVICES FUND. 
          COLLECTION FEES CONSTITUTE 95% OF THE SOLID WASTE TO REVENUES. 
          YOU CAN SEE A RESIDENTIAL PROJECTION COLLECTED THERE AT ABOUT 8.3. 
          THAT DOES INCLUDE A 50 CENT PER MONTH, UM, PLUS TAX, UH, INCREASE, UM, TO THE RESIDENTIAL RATE. 
          UH, BUT IT DOES INCLUDE A, UH, 26% SENIOR DISCOUNT. 
          SO, UM, UM, ONLY, UH, AN INCREASE OF ABOUT POINT 30 OR 37 CENTS VERSUS 50 CENTS. 
          COMMERCIAL PROJECTIONS WE'RE ESTIMATING AN ADDITIONAL $500,000, UH, OF REVENUE FROM CHANGES IN THE RATES. 
          UH, AND THEN YOU SEE A PROJECTION OF ABOUT $300,000 IN INTEREST, EARNINGS AND REVENUES FROM OTHER, UH, SOURCES IN SOLID WASTE. 
          UM, I MENTIONED THE, UH, UH, 50 CENT PER MONTH RATE INCREASE, UM, AND THE, UH, EQUIVALENT THAT, UH, GENERATES ABOUT $143,000 A YEAR, UH, OF ADDITIONAL REVENUE, BUT ABOUT $560,000 BEING GENERATED BY THE COMMERCIAL COLLECTION. 
          SO, UH, COMMERCIALS STILL HELPING, UH, PROVIDE WHAT I THINK YOU CAN ONLY DESCRIBE AS A CADILLAC SERVICE ON THE RESIDENTIAL SIDE, UH, AND STILL TRY TO HELP, UH, MITIGATE THE COST TO OUR HOMEOWNERS. 
          UM, UH, AGAIN, UM, UH, BEING VERY MINDFUL OF, UH, THE PASS THROUGH THAT THESE, THAT THESE CHANGES AND RECOMMENDATIONS HAVE, UH, THE RATE ADJUSTMENTS, UH, ARE BEING, BEING REQUESTED FOR SEVERAL COST PRESSURES. 
          UH, YOU SEE A 2.3% INCREASE IN DISPOSAL COST IN FY 26, BUT MORE IMPORTANTLY, EXCUSE ME. 
          AND AGAIN, TAKING A TWO YEAR VIEW, A 9.1% RATE INCREASE ANTICIPATED AN FY 27, THAT'S WAS PRE PRESENTED TO YOU BY JENNA WHEN SHE WAS HERE. 
          EXCUSE ME. 
          SO AGAIN, TAKING A TWO YEAR V VIEW AND TRYING TO SMOOTH THESE OUT AS MUCH AS POSSIBLE, UM, WE HAVE THE SOLID WASTE MASTER PLAN, UH, WHICH BEGAN IMPLEMENTATION OF, AND SO THIS, UH, THIS ADDITIONAL REVENUE IS HELPFUL TO THAT WAY AS WELL, AS WELL AS THE MERIT, UH, BASED, UM, PAY PLAN ADJUSTMENTS, AND AGAIN, BOTH IN, UH, WATER, UH, FUND AS WELL AS THE SIDE WASTE FUND, MAINTAINING OUR 90 DAY FUND BALANCE. 
          ON THE EXPENDITURE SIDE. 
          UM, THE, THE, THE TIPPING FEES OR THE DISPOSAL FEES ACCOUNT FOR ABOUT 20% OF ALL OF OUR EXPENDITURES, UH, YOU CAN SEE HERE, UM, ABOUT $116,000 INCREASE, UH, IN COMMERCIAL SIDEWAYS. 
          NOW, AGAIN, RECALL, WE'RE GENERATING OVER $500,000 OF NEW REVENUE. 
          AND SO YOU CAN SEE THAT 
          [01:15:01]
THE DELTA THERE IS ESSENTIALLY THE OFFSET TO HELP ON THE RESIDENTIAL SIDE. 
          UM, UH, HERE ON THE RESIDENTIAL SIDE, TRASH RECYCLING AND BAIC, UH, TOTAL INCREASE OF ABOUT $187,000. 
          AGAIN, YOU SEE, UH, BOTH ON THE COMMERCIAL AND ON THE, UH, SIDEWAYS SIDE. 
          UH, SEVERAL IMPORTANT CAPITAL REPLACEMENT, UH, UM, UM, FUNDED PROJECTS, AS WELL AS, UM, SOME CASH FUNDED PROJECTS ON THE SIDEWAYS SIDE. 
          ON THE RESIDENTIAL SIDE, AS BOB MENTIONED, DOING THE BUDGET WORKSHOP, THESE ARE CRITICAL, UM, ADDITIONAL VEHICLES THAT WE HAVE, UM, TO BE ABLE TO, UH, ENSURE SERVICES PROVIDED, UH, EVEN WHEN WE HAVE UNEXPECTED OUTAGES OR DAMAGED, UH, VEHICLES AND TRUCKS. 
          AND SO THESE WILL ALLOW THESE NEW VEHICLES THAT GO IN THE SERVICE, BUT, UH, WE'LL BE ABLE TO KEEP, UM, A HANDFUL FOR RESERVES. 
          UM, THIS WILL ALLOW US, UH, TO ENSURE CONTINUITY OF SERVICES EVEN WHEN WE'RE CHALLENGED WITH, UH, UNEXPECTED, UM, OUTAGES AND, AND, UH, VEHICLES OR OTHER, UH, UNEXPECTED ACCIDENTS AND THINGS OF THAT NATURE. 
          UH, ADMINISTRATION, THERE'S A SMALL INCREASE, UM, UM, MOSTLY RELATED TO, UM, INSURANCE PREMIUMS AND, AND RADIO MAINTENANCE. 
          UH, ON THE GOLF FUND, PRETTY STRAIGHTFORWARD YEAR HERE. 
          AGAIN, 99.3% OF ALL OF THE REVENUES IN GOLF COME FROM, UM, UH, UM, CO COME FROM REVENUES, UM, ASSOCIATED WITH, UH, THE, THE, THE OPERATION OF THE COURSE ITSELF. 
          SO YOU SEE 2.4 FROM GREEN FEES, ABOUT 900,000 FROM CARD FEES. 
          AND THE REMAINING REVENUES, UH, ARE ACTUALLY DOWN ABOUT $40,000. 
          UM, AND AGAIN, THAT'S MAINLY THE RESULT OF LOWER INTEREST EARNINGS. 
          ON THE EXPENDITURE SIDE, UH, 38.5% OF ALL EXPENDITURES ARE RELATED TO STAFF. 
          UM, THE TOTAL BUDGET IS INCREASE OF ABOUT $205,000 YEAR OVER YEAR. 
          UM, BUT BOTH COURSES ARE OPEN NOW, SO THERE'S MORE, UH, ACTIVITY TO MANAGE IN, IN THAT REGARD. 
          UM, AND YOU SEE SOME OTHER IMPROVEMENTS AS WELL AS I THINK SOME, UM, SOME OF THE EQUIPMENT THAT YOU SEE THERE MIGHT HAVE BEEN A LITTLE BIT DEFERRED, UH, PROBABLY IN A, IN, IN, AS A RESULT OF, UH, THE COURSE, ONE OF THE COURSES BEING DOWN. 
          BUT, UH, THESE ARE IMPORTANT CAPITAL PURCHASES ON THE HOTEL MOTEL SIDE. 
          REVENUES, UH, TAX REVENUES ARE, UH, THE PRIMARY SOURCE HERE. 
          UH, ALMOST 60% OF THE TOTAL REVENUES, UH, WITH EISMAN CENTER AND EISMAN CENTER PRESENTS CONTRIBUTING ADDITIONAL 30 PLUS PERCENT THERE. 
          HERE YOU SEE, UH, TAX REVENUES, UH, PROJECTION OF FIVE 5.1 MILLION. 
          THAT'S A DECLINE OF ABOUT 235,000. 
          UH, HOTEL MOTEL TAXES HAVE BEEN IMPACTED, UH, AND WE'RE CONTINUING TO TRY TO UNDERSTAND THAT AND HELP, UH, THE OPERATORS REVERSE COURSE ON THAT. 
          UH, THE, UH, UH, EISMAN CENTER IS PROJECTED TO BE DOWN ABOUT HALF MILLION DOLLARS ON REVENUES, BUT AGAIN, THAT'S BECAUSE, UH, THE PROGRAMMING, UH, WAS, UH, KIND OF RIGHT SIZED, IF YOU WILL, BY, UH, ABOUT A THIRD. 
          AND SO, UH, THAT'S, UM, I'M SORRY, THAT'S THE OPERATIONS LINE. 
          THE, UH, EISMAN CENTER IS A LITTLE BIT MORE AT A $580,000 THERE. 
          UH, BUT, UH, AGAIN, UH, THAT'S, UM, THE, THE OPERATIONS REVENUE, IF YOU RECALL, THAT WAS A, JUST A CORRECTION OF WHAT WE FELT WAS PROBABLY AN OVERLY, UH, OPTIMISTIC AND ROBUST REVENUE. 
          UM, UM, PROJECTION FOR, UH, FFY, UH, F FOR FY 25. 
          UH, THE EISMAN CENTER PRESENT SERIES IS THE RIGHT SIZING WHERE WE CUT THE PROGRAMMING BY ABOUT A THIRD. 
          UM, YOU SEE THERE, BASED ON, UM, UH, SOME BASED ON THE ACTIVITY AT THE EISMAN CENTER, UM, WE'RE, UM, INCLUDING ABOUT $88,000 IN REVENUE, UM, FROM FEES. 
          UH, THIS WAS YEAR THREE OF A THREE YEAR PLAN. 
          SO THE FIRST FEW YEARS YOU'VE, UM, YOU WERE ABLE TO KIND OF BLESS PREVIOUSLY BOB, UH, COVERED, UH, THE REMAINING, UH, YEAR THREE IN FEES, UH, FEE INCREASES, UH, DURING THE WORKSHOP. 
          AND THEN YOU SEE A LITTLE BIT OF REDUCTION IN INTEREST EARNINGS. 
          IT'S KIND OF SAME STORY THERE. 
          UH, FACILITY MAINTENANCE FEE, UH, THIS IS SOMETHING WE PROPOSED TO INCREASE, UH, BY A DOLLAR. 
          UM, THE EISMAN CENTER FOR FACILITY MAINTENANCE FUND WAS ESTABLISHED BACK IN 1314, UH, WHEN THE EISMAN WAS 10 YEARS OLD. 
          IT'S NOW OVER 20 YEARS OLD. 
          UH, THE REASON WHEN YOU WALK IN THE BUILDING, YOU WOULD NEVER KNOW THAT IS IN LARGE PART, DUE TO THIS, UH, FEE, WHICH IS USED, UM, UH, FOR A VARIETY OF MAINTENANCE PURPOSES. 
          UH, YOU SEE AUDIO, VIDEO, MAINTENANCE, LIGHTNING REPAIRS, UH, STAGE AND MAINTENANCE REPAIRS. 
          UH, THE REALITY IS, IS EVERY ONE OF THOSE COSTS MORE TODAY, UH, THAN IT DID THE LAST TIME. 
          THE FEE WAS INCREASED BACK IN 1617. 
          AND SO, UH, THIS IS JUST, UH, UM, YOU KNOW, AN, AN OPPORTUNITY, UH, TO, UM, PRODU, UH, UH, INCREASE REVENUE SO WE CAN MAINTAIN, UH, THE EISMAN IN THE WAY THAT WE'VE ALL, UH, COME TO EXPECT IT AMOUNT OF ABOUT A HUNDRED THOUSAND DOLLARS A YEAR. 
          UM, WE TALKED ABOUT THE FEE CHANGES THAT A PART OF THE MULTI-YEAR REVIEW, AS WELL AS, UH, THE SIMPLIFICATION OF CURRENT FEE STRUCTURE, UM, THAT WAS BEING RECOMMENDED. 
          ESSENTIALLY, UH, UH, CERTAIN FEES WERE, WILL BE NOW COMBINED, AND, UH, INSTEAD OF HAVING HOURLY FEES, UH, THERE'LL BE, UH, STANDARDIZED AS DAILY RATES. 
          AND, UH, I ALLY REALLY FEELS STRONGLY THAT THIS IS JUST GONNA MAKE THEISM CENTER, UH, USER EXPERIENCE A LOT, UM, A LOT MORE CLEAR AND EFFICIENT, UM, ON THE EXPENDITURE SIDE AND HOTEL MOTEL, UM, 
          [01:20:01]
PERSONNEL SERVICES, REALLY THE, THE BIG STORY HERE AT ABOUT 37%, UM, YOU SEE, AGAIN, THE TOTAL BUDGET IS A DECREASE OF ABOUT $720,000. 
          UH, AGAIN, UH, EISMAN CENTER OPERATIONS SIDE, THAT'S ABOUT 97,000 OF THAT. 
          UH, THE, UM, EISMAN CENTER PRESENTS THE REDUCTION THAT I MENTIONED PREVIOUSLY. 
          SO THAT MAKES UP THE, THE VAST MAJORITY OF THE $720,000, UH, THAT YOU SEE THERE. 
          UM, THE, UH, VERY PLEASED THAT WE WERE NOT, UH, WE DID NOT RECOMMEND CHANGING THE, UH, ANNUAL ARC GRANTS FUNDING. 
          THAT'S STILL PROGRAMMED AT $375,000. 
          AND OF COURSE, THIS FUND ALSO, UH, SUPPORTS AND, AND, UM, THE, UH, CVB AS WELL AS, UH, THE MERIT PLAN, THE DRAINAGE FUND, THE RECOMMENDATION WAS TO INCREASE THE FEE BY A A DOLLAR, UM, PER, UM, PER MONTH. 
          UH, THE, UH, EQUAL OR, UM, EQUIVALENT, UH, INCREASE, UH, IN THE COMMERCIAL SIDE WOULD BE FROM, UH, THAT 14 SEVEN TO THE 17 FIVE PER HUNDRED SQUARE FEET OF IMPERVIOUS AREA. 
          UM, AGAIN, I WANNA MAKE THE, THE POINT HERE, WHEREAS LAST YEAR THIS WAS NOT THE CASE. 
          THERE WERE SOME RIGHT SIZING FROM SOME OF THE OTHER SERVICES. 
          UH, THE, UM, ALL OF THE ADDITIONAL REVENUE THAT'S RAISED HERE, UH, WILL, UH, GO TO, UH, PROJECTS, UM, IN, IN THIS PARTICULAR CASE. 
          AND SO THAT ALLOWS US TO, AS YOU, YOU SEE THE, THE THREE COMPONENTS TO THE DRAINAGE FEE THAT WE SHARE WITH EACH YEAR, THAT ALLOWS US TO TAKE ON MUCH LARGER, MORE CONSEQUENTIAL PROJECTS, UM, AND MAYBE EVEN, UM, YOU KNOW, HOLD SOME FUNDING YEAR OVER YEAR AND BE ABLE TO ACCOMPLISH PROJECTS THAT WOULD OTHERWISE REQUIRE A BOND PROGRAM, AND ONLY HAVE THE OPPORTUNITY TO BE CONSIDERED MAYBE ONCE EVERY FIVE OR SIX YEARS. 
          UM, THE OTHER OPERATING FUNDS ARE LOCATED ON PAGES 25 THROUGH 1 0 4, UH, OF YOUR FILED, UH, BUDGET. 
          UM, THEY REALLY FALL INTO A COUPLE OF CATEGORIES. 
          THE INTERNAL SERVICES, UH, FUNDS. 
          UH, IF YOU, UH, YOU LOOK THERE, UH, YOU'LL SEE THAT IS OUR INSURANCE AND FLEXIBLE SPENDING FUNDS, OUR CORE PLAN FUND, OUR CENTRAL SERVICES FUND, AND THEN THE TECHNOLOGY REPLACEMENT FUND THAT WE'VE TALKED ABOUT SEVERAL TIMES. 
          UH, ALMOST ALL OF THE, UH, CHANGE THAT YOU'LL SEE, UH, IN THAT PARTICULAR FUND IS ASSOCIATED WITH THE CORE PLAN FUND. 
          UM, IF YOU LOOK IN, IF YOU'RE LOOKING IN YOUR, UH, BUDGET BINDER AT THE FUND SUMMARIES, UM, YOU'LL SEE THAT, UH, THE RESTRICTED PURPOSES FUNDS, UH, THAT'S THINGS THAT, UH, LIKE THE DRAINAGE FUND. 
          UM, AND THEN YOU SEE A VARIETY OF, UH, THE RICK, UM, UH, BUT A VARIETY OF, UH, POLICE RELATED FUNDS AND, UH, BOTH FEDERAL AND, UH, STATE, UH, GRANT, UM, UH, FUNDS. 
          UM, ALL OF THOSE, UH, AS WE'VE TALKED ABOUT IN PRIOR, PRIOR YEARS, THOSE ARE ALL NECESSITATED. 
          UH, THEY'RE, THAT BEING INDIVIDUAL FUNDS, THOSE ARE ALL NECESSITATED USUALLY BY STATE LAW. 
          UH, THIS FUND ALSO INCLUDES OUR TIFS, UH, ONE, TWO, AND THREE. 
          UH, THE, THE, THE NOTEWORTHY CHANGE HERE IS REALLY TIF ONE. 
          YOU'LL SEE, UH, A LARGE, UH, CHANGE ABOUT A TWO, I THINK ABOUT $2.2 MILLION, UH, SWING. 
          SO, YOU KNOW, THE, THE TIF FUND IS, UH, THE, THE, UH, REVENUE IN EXPENDITURE OUT IS ALL DICTATED, UM, BY THE YEAR. 
          UM, UM, YOU COULD HAVE A YEAR WHERE YOU HAVE, UH, YOU KNOW, THREE OR FOUR, UH, ECONOMIC DEVELOPMENT INCENTIVE PAYMENTS BEING MADE, AND THE VERY NEXT YEAR YOU MIGHT ONLY HAVE ONE INCENTIVE, UH, PAYMENT BEING MADE. 
          AND SO THERE'S, THERE'S REALLY NO RHYME OR REASON LIKE YOU WOULD, UH, YOU KNOW, LIKE YOU WOULD SEE IN ANY OF THESE OTHER FUNDS. 
          UM, UM, BUT AGAIN, THAT'S, THAT'S THE BIG CHANGE IN THE RESTRICTED PURPOSE, UH, FUNDS. 
          AND, AND THAT'S THE EXPLANATION AROUND, AROUND THE TIF FUND. 
          SO, UM, IF YOU LOOK AT THE TOTAL OPERATING BUDGET, I WANNA JUST DRAW A COUPLE OF THINGS TO YOUR ATTENTION. 
          UH, THE BUDGET IS UP, UH, UH, UM, IS, IS BEING INCREASED, UH, UH, BY ABOUT $12.4 MILLION TO 418, UH, MILLION 498, 270. 
          SO THAT'S ABOUT A 3.1% INCREASE. 
          BUT I WANNA DRAW YOUR ATTENTION TO THE GENERAL FUND, UH, YEAR OVER THE YEAR. 
          THE GENERAL FUND, WHICH IS RESPONSIBLE FOR EVERYTHING THAT I MENTIONED PRIOR TO THE WATER FUND, IS INCREASING 0.67%. 
          AND THAT IS, WITHOUT A DOUBT, UM, UM, DUE TO THE AMAZING WORK OF THE DEPARTMENTS, BOB, UH, AND HIS BUDGET TEAM, UH, JUST EVERYTHING THAT WENT INTO TAKING, UM, YOU KNOW, THE OPERATION OF A 24 7, 365 DAY OPERATION THAT OFFERS, YOU KNOW, 15 DIFFERENT TYPES OF, YOU KNOW, BUS THAT HAS 15 DIFFERENT BUSINESS UNITS TO, TO RUN A, A CITY OF 125,000. 
          IT'S JUST MIND BOGGLING TO ME THAT THAT'S WHAT WE'RE GOING UP. 
          I WANNA DRAW YOUR ATTENTION TO THE NEXT LINE. 
          UM, $10.3 MILLION OF THE $12.4 MILLION IS SO THAT WE IS, IS ASSOCIATED WITH BUYING WATER AND TREATING WASTEWATER. 
          THERE'S, THERE'S NOTHING THAT, THERE'S NOTHING MORE THAT WE CAN DO THERE. 
          WE, WE, WE LET THE $4 MILLION OF FUND 
          [01:25:01]
BALANCE RIDE TO MITIGATE THAT EVEN MORE. 
          I'M JUST THANKFUL THAT IT'S, IT'S AT THAT LEVEL. 
          AND WE WERE ABLE TO DO THAT WITH THE $4 MILLION. 
          OTHERWISE, IT WOULD'VE BEEN MORE SIGNIFICANT. 
          UM, PARDON ME, AGAIN, I MENTIONED THE INTERNAL REVENUE, UH, AND THE, THE COMBINED INTERNAL REVENUE SERVICES FUND. 
          IF YOU LOOK IN THAT, ITS CORE PLAN IS THE, THE MAIN STORY THERE, UH, CHANGING BY ABOUT $2.2 MILLION. 
          UH, THE, THE RESTRICTED PURPOSE, UH, FUNDS, THAT IS, UH, TF ONE, UM, ABOUT DOWN ABOUT $2 MILLION, AND A WHOLE HOST OF OTHER FUNDS, UH, KIND OF OFFSETTING THAT TO THE TUNE OF ABOUT $900,000. 
          THAT'S YOUR COMBINED, UM, UH, TOTAL OPERATING BUDGET. 
          AND YOU SEE THE DEBT SERVICES FUND, UH, AT THE BOTTOM THERE, THAT ALL TIES OFF, UH, TO, UM, THAT ALL TIES OFF TO, UH, THE DEBT PLANNING THAT WE'VE SHARED PREVIOUSLY, WHICH IS OUTLINED HERE ON SLIDE 1 29. 
          UH, YOU SEE, UM, THE, UH, 23, UH, CITY HALL BOND PROGRAM, YEAR FIVE OF THE 21 BOND PROGRAM. 
          UM, UM, SOME DOLLARS, UH, FOR RECONSTRUCTION OF POLK, UH, TEXAS, AND TO A LESSER EXTENT, KAUFMAN IN A DOWNTOWN AREA, UP TO $3 MILLION, UH, FOR LAND PURCHASE OF A FUTURE FIRE DEPARTMENT. 
          UH, FUTURE FIRE STATION, UH, HEIGHTS AQUATIC CENTER, UH, THE 1.8 I MENTIONED, AND THEN THE TWO AMBULANCE IN THE BRUSH TRUCK, ALL TOTAL IN 41.8, 20 POINT, UH, ONE IN WATER, WASTE WATER AND SOLID WASTE. 
          THAT'S FOR A TOTAL OF $64.145 MILLION FOR FY. 
          UM, THAT'LL BE FY UH, 26, WHICH WE'LL HANDLE IN THE SPRING OF 26. 
          JUST REAL QUICKLY ON THE BOND PROGRAM DISCUSSION WE HAD, AGAIN, HERE'S JUST YOUR RECENT BOND PROGRAM, UH, AND I APOLOGIZE. 
          UH, SIX WAS A 5 CENT, AND 10 WAS A 6 CENT. 
          SO I HAD THAT BACKWARDS EARLIER. 
          UM, UM, I, I DID, I TALKED A LITTLE BIT ABOUT OUR BOND PROGRAM, UH, CAPACITY, UM, OUR DEBT MODEL. 
          UH, UH, KENT'S MANAGE THIS FOR TWO DECADES NOW, UH, HAS DONE AN AMAZING JOB. 
          OUR DEBT MODEL USES VERY CONSERVATIVE INTEREST RATES, UH, UH, YOU KNOW, 4.75 TO 5.25 AT ONE TIME. 
          THAT WAS VERY, VERY CONSERVATIVE INTEREST RATES. 
          UH, WHILE THE INTEREST THAT WE'RE PAYING IS A LITTLE HIGHER NOW, IT'S STILL VERY, UH, CONSERVATIVE. 
          OUR MODEL ASSUMES THE TAXABLE VALUES THAT GROW AT A VERY CONSERVATIVE RATE AS WELL. 
          AGAIN, ZERO, UH, PERCENT GROWTH BUILT INTO THE MODEL FOR FFY 27 AND 28, 1% FOR THE NEXT YEARS, UH, SIX YEARS, AND THEN 0% THEREAFTER. 
          UM, RIGHT NOW, A CAPACITY ESTIMATE FOR FY, UH, 26 WOULD BE ABOUT $250 MILLION. 
          UM, YOU KNOW, IF WE WERE GONNA, UH, WE WERE GONNA TARGET A 26 BOND PROGRAM, YOU KNOW, WE WERE THINKING ABOUT $200 MILLION. 
          UM, YOU, YOU DON'T WANT TO LEVERAGE ALL OF YOUR CAPACITY. 
          UM, AND THINGS, YOU KNOW, COME UP, UM, UNEXPECTED, LIKE FIRES AT CITY HALLS, , UM, UH, WE WOULD PROPOSE A SERIAL SALE, UH, FOR THIS AS WELL. 
          THAT FIRST SALE WOULD BE IN 2027. 
          UM, AND BASED ON YOUR, UM, UM, ADVICE OR, UH, OR COUNSEL LAST WEEK, WE, WE WERE PLANNING FOR MAY 26TH. 
          NOW, ALL OF THESE ARE THE PLANS THAT ARE COMPLETED, OR THE REFRESHES UNDERWAY OR IN PROGRESS. 
          UH, AND SO WE WILL CONTINUE TO WORK DILIGENTLY TO BRING THESE TO A CONCLUSION, UM, AS QUICKLY AS POSSIBLE. 
          I SHOWED YOU THIS CHART, AND IT DIDN'T HAVE ANY DATES PLUGGED INTO IT BACK ON THE, UH, 5TH OF AUGUST. 
          UH, BUT HERE WE ARE IN THE SUMMER OF 2025, TALKING ABOUT A KICKOFF TO THE OUR NEXT BOND PROGRAM. 
          UM, ALL OF THE ASSESSMENTS I MENTIONED ARE ONGOING. 
          UH, WE WOULD START, UH, IN EARNEST IN OCTOBER, WORKING THROUGH JANUARY, UH, WITH SOME PROPOSITION OVERVIEW, UH, BRIEFINGS AND, AND REFINING THOSE. 
          WE'D LOOK TO, UM, UM, UH, CONFIRM THE PROPOSITIONS IN LATE JANUARY, EARLY FEBRUARY. 
          YOU'LL NEED TO CALL THE ELECTION, UH, UH, IF YOU CHOOSE TO DO SO FOR MAY BY MID-FEBRUARY. 
          AND THEN, OF COURSE, MARCH AND APRIL WOULD BE PUBLIC EDUCATION. 
          AND THE BOND PROGRAM, UM, ELECTION WOULD BE IN MAY. 
          AND SO I DO ANTICIPATE, YOU KNOW, WITH, UNLESS YOU DIRECT ME OTHERWISE, THIS WILL BE THE PLAN I GO ABOUT. 
          UH, THAT'LL NECESSITATE THAT, YOU KNOW, THIS FALL WE SPENT SOME TIME ON THE BOTTOM PROGRAM, AND THEN OBVIOUSLY IN EARLY 26, YOU KNOW, WE'LL BE ABOUT THE BOND, YOU KNOW, BOND PROGRAM AS WELL. 
          I, UH, STILL FEEL CONFIDENT THAT, THAT WE HAVE A REALLY NICE HEADSTART ON MANY OF THESE, UM, UH, TASKS THAT ARE REQUIRED TO PULL TOGETHER A BOND PROGRAM, UH, FOR YOUR CONSIDERATION. 
          AND SO, AGAIN, UNLESS YOU DIRECT ME, OTHERWISE, I'LL BE ABOUT THAT WORK. 
          JUST A COUPLE OF QUICK FINAL THOUGHTS HERE, AND THEN I'LL, UM, I VERY MUCH LOOK FORWARD TO, UM, THE DISCUSSION AND DIALOGUE THAT, THAT WE CAN HAVE WITH YOU. 
          UH, WE ALWAYS, UH, LIKE TO SHARE THE TYPICAL TAXPAYER IMPACT STATEMENT. 
          UH, IT, UH, DESCRIBES, UH, ON THE LEFT HAND COLUMN THERE, THE DIFFERENT COMPONENTS. 
          UM, AND YOU CAN KIND OF SEE THE FY 25 VERSUS 26 COST IN THE NEXT TWO COLUMNS. 
          AND THEN THE ANNUAL CHANGE THAT, UH, UH, THE, UH, TYPICAL TAXPAYER WOULD EXPECT. 
          AND, UH, YEAR OVER YEAR, UM, WITH, UH, PROPERTY TAX INCREASES, THE WATER AND SEWER CHARGES THAT I MENTIONED, AS WELL AS THE DRAINAGE FEE. 
          AND THE RESIDENTIAL SOLID WASTE FEE WOULD BE ABOUT $237. 
          UM, YEAR OVER YEAR, $90 
          [01:30:01]
OF THAT WOULD BE ASSOCIATED WITH WATER AND SEWER. 
          UM, AS JUST FOR CONTEXT, UM, THE NEXT STEPS, UH, HERE IS, UH, OUR BUDGET DEVELOPMENT WILL CONTINUE IN THE COMING WEEKS. 
          UM, JUST, UH, YOU KNOW, THIS IS THE BUDGET I FILED. 
          THERE'S STILL MANY, MANY OPPORTUNITIES FOR YOU TO PROVIDE INPUT, AS WELL AS THE PUBLIC ON THE EIGHTH AND THE 15TH, UM, THROUGH THE TWO PUBLIC HEARINGS. 
          AND SO WE WILL STAND BY TO, TO HAVE THAT DISCUSSION TONIGHT. 
          I DID WANNA FINAL, I DID WANT TO JUST KIND OF CONCLUDE, UM, WITH A COUPLE OF FINAL THOUGHTS THAT, UM, I HAVE USED THIS AS, UH, YOU KNOW, MY GUIDING PRINCIPLES THROUGH THIS BUDGET DEVELOPMENT PROCESS. 
          I'VE SHARED THIS WITH OUR ORGANIZATION, AND, YOU KNOW, IT'S, IT'S MORE OF ANYTHING OF A CONFIRMING EXERCISE WITH YOU. 
          YOU KNOW, I, I'VE STATED PREVIOUSLY, I BELIEVE IN TIMES LIKE THESE, UM, THAT WE'VE DESCRIBED. 
          UM, YOU KNOW, MY FOCUS, UH, HAS BEEN TO KEEP, UM, YOU KNOW, TO, TO, TO MAKE SURE THAT, UM, THIS BUDGET AND OUR PRIORITIES, UM, THAT WE'VE SHARED WITH YOU, ALIGN WITH WHAT I BELIEVE ARE OUR CORE MISSIONS AND RESPONSIBILITIES AS A LOCAL GOVERNMENT. 
          YOU KNOW, I STRONGLY BELIEVE THAT IF WE DELIVER, UH, ON THESE IN A, IN A, A REALLY EXCEPTIONAL WAY, UH, WE'LL CONTINUE TO REINFORCE THE COMMUNITY CONFIDENCE THAT, YOU KNOW, THAT OUR, THAT THEIR TAX DOLLARS ARE BEING SPENT RESPONSIBLY AND, AND MOST IMPORTANTLY, VISIBLY IMPROVING THINGS. 
          UM, I THINK BY CONCENTRATING ON THESE ESSENTIAL SERVICES, UM, THAT WE'RE GONNA ENSURE RESIDENTS AND OTHER STAKEHOLDERS, UM, THAT THEY, THAT THEY HAVE, THAT THEY CONTINUE TO EXPERIENCE RELIABLE, UNINTERRUPTED SERVICES. 
          I'VE MENTIONED UNINTERRUPTED SEVERAL TIMES TONIGHT, UM, THAT, UM, MOST IMPORTANTLY DIRECTLY AFFECT THE QUALITY OF, OF LIFE FOR THEM. 
          I THINK BY EXCELLING ON OUR FUNDAMENTALS, UH, DURING CRITICAL TIMES LIKE THIS, WE CREATE STABILITY THAT ATTRACTS INVESTMENT. 
          I MENTIONED THAT EARLIER. 
          UM, OUR BUSINESS, UH, THE CURRENT BUSINESSES THAT WE HAVE AND THE BUSINESSES THAT WE'RE TRYING TO ATTRACT, THEY ARE, UH, SO IMPRESSED BY THE FACT THAT WE DO NOT WAIVER IN DIFFICULT TIMES. 
          WE STAY COMMITTED TO THE THINGS THAT WE ARE ABOUT, UH, AND THAT WE STAND FOR. 
          UM, UH, WE, WE CREATE STABILITY THAT ATTRACTS INVESTMENT AND FOSTERS DEVELOPMENT AND LAYS THE GROUNDWORK FOR OUR LONG-TERM PROSPERITY. 
          WE GOTTA KEEP FOCUSED ON THE LONG-TERM PROSPERITY. 
          UH, YOU KNOW, DURING TIMES LIKE THESE, UH, I THINK, UH, AND, AND, AND I, I SAY THIS WITH ALL DUE RESPECT, I JUST THINK AVOIDING ANY MISSION DRIFT THAT WE CAN IS VERY HELPFUL. 
          I'VE GOT 26 FROZEN POSITIONS. 
          WE HAVE PROBABLY, YOU KNOW, ONE OF THE TIGHTEST OPERATING BUDGETS THAT I'VE BEEN INVOLVED WITH SINCE PROBABLY OH 8, 0 9. 
          UM, AND THERE'S VERY LITTLE ROOM FOR ERROR ON THE OPERATION SIDE. 
          AND SO THE MORE FOCUS WE CAN REMAIN ON OUR CORE MISSIONS, YOU KNOW, THE BETTER I BELIEVE. 
          AND THEN JUST FINALLY, I, I BELIEVE BY MAINTAINING A CLEAR FOCUS ON THESE CORE MISSIONS AND RESPONSIBILITIES THROUGHOUT THIS CYCLE, THIS ECONOMIC DEVELOPMENT CYCLE, WE, WE WILL BE WELL POSITIONED TO SWIFTLY RETURN TO A PATH OF GROWTH. 
          AND I THINK WE WILL LEAD THE WAY IN NORTH TEXAS, UH, IN THAT REGARD. 
          I REALLY DO. 
          AND SO, MAYOR, UH, MAYOR AND, AND COUNCIL, I, UH, REALLY APPRECIATE, UM, UH, YOUR, UH, ATTENTION TONIGHT. 
          WE STAND BY, UH, ALL OF US, THE WHOLE TEAM HERE TO ANSWER ANY QUESTIONS YOU HAVE, PROVIDE ANY ADDITIONAL INFORMATION THAT WOULD BE HELPFUL TO YOU, UH, AS YOU SET US ON OUR WAY FOR THE NEXT COUPLE WEEKS IN ADVANCE OF THE PUBLIC HEARING. 
          SO MAYOR, THANK YOU. 
          YEAH, GREAT, GREAT JOB. 
          UH, DON, UH, BOTH, UH, WELL DONE ON THE BUDGET AND WELL DONE ON AN HOUR AND A HALF STRAIGHT OF, UH, PRESENTATION. 
          UH, SO THANK YOU FOR BOTH OF THOSE. 
          UM, ANY QUESTIONS BY THE COUNCIL? YES, MAYOR PRO, TOM HUTCHIN, WRITER DON, YOU HIGHLIGHTED THIS AND, AND YOU KNOW, WE'VE, WE'VE TALKED ABOUT IT. 
          WE'VE, AND IT'S NOT SOMETHING THAT WE CONTROL, BUT EVERY YEAR I'VE BEEN ON COUNCIL. 
          NOW, WHAT IS THIS, MY SEVENTH YEAR? AND, YOU KNOW, I LOOK AGAIN AND I LOOK AT THIS WATER AND SEWER FUND, THE INCREASED 9.18%. 
          I MEAN, NOWHERE ELSE IN THIS WORLD RIGHT NOW, OUR SERVICES, UH, UH, YOU CAN LOOK AT ANYTHING GETTING 9.18%, NO ONE FROM COST OF LIVING OR, YOU KNOW, MERIT INCREASES. 
          WE LOOK AT OUR OWN HERE IN THE CITY. 
          I LOOK FROM MY PROFESSIONAL PERSPECTIVE, OTHER BUSINESSES THAT I'VE INTERACTED WITH, NO ONE IS NEAR THIS 9.18%. 
          I FEEL LIKE WE'RE, WE'RE, IT'S REALLY COMING TO, TO A, A HEAD AND IS REALLY BECOMING A CRITICAL ISSUE. 
          AND I'M NOT, I'M NOT MEANING TO PUT YOU ON THE SPOT BY ANY STRETCH OF THE IMAGINATION, BUT I JUST WANTED TO HIGHLIGHT IT. 
          AND I DON'T KNOW IF YOU HAVE ANY THOUGHTS, UM, OTHER THAN YOU KNOW, WHAT YOU'VE SAID, WHICH IS, YOU KNOW, WHEN I LOOK AT IT, IT'S, YOU KNOW, THAT THE PERCENTAGES AND LOOK AT THE NUMBERS THAT ARE THERE, IS THERE, I MEAN, IS IS THERE ANY THOUGHTS? IS THERE ANYTHING THAT WE HAVEN'T THOUGHT OF OR, OR, YOU KNOW, TO, TO, I GUESS I'LL SAY, I HATE TO SAY THE WORDS PUSH BACK, BUT PUSH BACK ON NORTH TEXAS MUNICIPAL WATER DISTRICT ON THESE, THESE INCREASES. 
          'CAUSE THIS IS, IT, IT'S, AT SOME POINT IT'S JUST NOT SUSTAINABLE. 
          AND, AND YOU'VE SAID IT YOURSELF, WE'RE HAVING TO CARRY A BURDEN THAT REALLY IS NOT OURS TO OWN. 
          [01:35:01]
BUT WE'RE DOING IT, AND I'M FULLY IN AGREEMENT WITH IT, DON'T GET ME WRONG, BUT IT JUST SEEMS LIKE THERE'S, THERE'S GOT TO BE MORE OF AN ANSWER THAN EVERY TIME JENNA AND TEAM COME IN, WELL, THIS IS WHAT IT IS, THANK YOU SO MUCH. 
          AND THEY LEAVE AND WE ALL, YOU KNOW, GET VERY FRUSTRATED. 
          AND I THINK EVERY ONE OF US HAVE GOTTEN FRUSTRATED APPROPRIATELY, SO. 
          BUT IS THERE ANYTHING, UH, DO YOU HAVE THOUGHTS, FEELINGS, THINGS THAT WE OUGHT TO FOCUS ON OR HOW WE CAN DEAL WITH THIS? YES, SIR. 
          SO THE, THE DRIVING COST IN THE DISTRICT'S BUDGET, UM, IS CAPITAL. 
          AND, YOU KNOW, I, I THINK MAYOR, I, I'VE SAID TO YOU, UH, DURING ONE OF OUR EARLIER BRIEFINGS, IT'S ALMOST LIKE, UH, YOU KNOW, THE DIFFERENT, THE DISTRICT REALLY LIKES TO BUILD NEW THINGS. 
          UM, I'VE RHETORICALLY AND THEN AD NAUSEUM HAVE ASKED THE DISTRICT THE QUESTION OF HAVE THEY DONE THE COST BENEFIT ANALYSIS, UM, REGARDING WHAT IT WOULD COST TO INCENT CONSERVATION, INCENT CONSERVATION, OR EVEN PROVIDE ECONOMIC DEVELOPMENT INCENTIVES FOR LARGE WATER USERS TO, UM, YOU KNOW, LET'S, LET'S OFFSET SOME OF THE CAPITAL COST FOR A LARGE WATER USER TO INCREASE REUSE FROM 15% TO 50% OR 75%. 
          AND, AND I, I PERSONALLY, I, I DON'T HAVE THE MATH YET TO PROVE IT, BUT I PERSONALLY BELIEVE THERE IS A CHEAPER PATH FORWARD THAN BUILDING THE NEXT, UM, WATER DISTRIBUTION CENTER OR, OR PUMP CENTER OR, OR PUMP STATION. 
          BECAUSE NOW WE'RE DELI, NOW WE'RE BUILDING THOSE 30 AND 40 AND 50 MILES AWAY, AND THERE'S, THEY, THERE HAS TO BE A MORE COST EFFECTIVE WAY. 
          UM, THE DISTRICT OFTEN LIKES TO TALK ABOUT CONSERVATION AS BEING CRITICAL, BUT THEN THEY'RE THE FIRST ONES TO SAY THAT THEY CAN'T HELP PAY FOR IT. 
          THEY CAN PAY FOR MARKETING AND THEY CAN PAY FOR FLYERS AND, AND, YOU KNOW, LITTLE OTTER COSTUMES. 
          BUT WHEN IT COMES DOWN TO IT, WHAT THEY, WHAT WE NEED TO REALLY BE CONSIDERING IS DOES IT MAKE SENSE TO SPEND A, YOU KNOW, THE NEXT FOUR TO $500 MILLION ON A PUMP STATION IN FAR NORTH COLLIN COUNTY SO THAT WHEN TIMES ARE, WE CAN, WE CAN LITERALLY, YOU KNOW, MOVE WATER DOZENS OF MILES TO THE SOUTH OR DOESN'T MAKE SENSE TO FOCUS ON SOMETHING, A USER THAT COULD POTENTIALLY SAVE. 
          I MEAN, WE HAVE USERS THAT USE MILLIONS AND MILLIONS OF GALLONS OF WATER A DAY, YOU KNOW, YEAR AFTER YEAR AFTER YEAR AFTER YEAR. 
          AND SO I, I, AT MAYOR PRO TEM, THAT'S THE ONE THING THAT I REALLY BELIEVE, AND I BELIEVE THAT IT'S GONNA TAKE A CHANGE. 
          UM, IT'S DEFINITELY GONNA TAKE A CHANGE IN THE MENTALITY OF THE BOARD MEMBERS TO PUSH BACK AND REQUIRE THAT KIND OF A, THAT KIND OF ANALYSIS ON THE ROI OF JUST BUILDING NEW INFRASTRUCTURE VERSUS, YOU KNOW, INCENTING, MAYBE IT'S GONNA TAKE A CHANGE IN THE STATE LAW THAT SAYS, YOU KNOW, IT'S MORE COST EFFECTIVE AND IT MAKES MORE SENSE FOR EVERY TEXAN FOR A WATER DISTRICT TO BE ABLE TO PROVIDE AN INCENTIVE FOR A, A, A, A PRIVATE USER TO BE ABLE TO REDUCE THEIR WATER CONSUMPTION BY 50 OR 60 OR 70%. 
          AND OH, BY THE WAY, BY REDUCING THE WATER CONSUMPTION, WE'RE ALSO HANDLING A LITTLE BIT OF THE WASTEWATER PROBLEM, , WHICH WE, WHICH IS GONNA CONTINUE TO BE AN ISSUE. 
          AND SO, UM, MAY, MAY, I PRETEND THAT'S, THAT'S BY THE WAY, THAT'S JUST, THAT'S JUST ME. 
          I DON'T, UH, REPRESENT ANYBODY WHEN I SAY ALL THAT, BUT . 
          BUT THAT'S, THAT'S MY OPINION. 
          , THANK YOU. 
          I APPRECIATE THE CANDOR. 
          UH, COUNCIL MEMBER CORCORAN, UH, THANK YOU MR. MAYOR. 
          I HAVE DONNA, I JUST HAVE TWO REALLY QUICK QUESTIONS. 
          UH, THE FIRST ONE WITH TIFF NUMBER TWO MM-HMM . 
          I MEAN, I WAS, I REMEMBER THAT WE HOLD THAT MONEY, UM, FOR DART IN CASE THEY EVER WANT TO CLAIM IT. 
          DO WE HAVE ANY IDEA WHETHER THEY'RE THEY'RE GONNA DO THAT OR NOT? YEAH, I, WE BELIEVE THEY WILL DO THAT. 
          I MEAN, THAT IS PART OF THE AGREEMENT WITH THEM. 
          MM-HMM . 
          I THINK THERE WAS AN AMENDMENT DONE TO THE ILA WITH THEM, AND THEY'RE ELIGIBLE TO GET THAT THIS YEAR. 
          WE HAVE NOT SEEN A REQUEST FROM THEM. 
          WE'VE TALKED TO THEM IN THE PAST. 
          I KIND OF THINK THAT THEY'LL PROBABLY DO THAT AS THEY FINISH UP KIND OF THE SILVER LINE AND KIND OF PROVIDE US WITH THE BACKUP DOCUMENTATION. 
          BUT WE ARE RESERVING THAT IN BOTH TIF TWO AND THREE. 
          IT'S A COMPONENT OF BOTH AS PART OF BOTH OF THOSE AGREEMENTS. 
          ALRIGHT. 
          THANK YOU. 
          AND THEN MY SECOND QUESTION, YOU KNOW, YOU GUYS HAVE BEEN, WHEN I LOOKED AT PRIOR BUDGETS, YOU GUYS HAVE BEEN SO SPOT ON WITH THE PROPERTY TAX EVERY SINGLE YEAR. 
          I MEAN, HALF A PERCENTAGE POINT, A PERCENTAGE POINT DIFFERENCE. 
          IT'S REALLY JUST PHENOMENAL. 
          AND THEN, YOU KNOW, THIS YEAR, BECAUSE OF THINGS OUTSIDE OF OUR CONTROL, IT WAS SUBSTANTIALLY, SUBSTANTIALLY, I THINK IT WAS LIKE A 4%, YOU KNOW, OFF. 
          IS THERE ANYTHING IN JUST MAKING SURE THERE'S JUST, BECAUSE LIKE SORT OF THESE ONE TIME ISSUES, THERE'S NOTHING IN OUR METHODOLOGY THAT WE NEED TO CHANGE GOING FORWARD FOR PROPERTY TAX ESTIMATES. 
          WE'RE JUST GONNA DO IT THE SAME WAY AND, AND THAT'S GOOD, RIGHT? YEAH. 
          WELL, I WOULD SAY, I MEAN, I, I KIND OF FEEL LIKE WE HAVE CHANGED THE, THE, UM, THE PROTOCOL 
          [01:40:01]
PRIOR TO CERTIFICATION. 
          NOW HAVING, UH, TODD AND FINANCE HAVE A CHECK-IN WITH THE APPRAISAL DISTRICT IN ADVANCE OF THEM CERTIFYING THE ROLE. 
          UM, YOU KNOW, THAT WILL HELP IN TERMS OF BEING ABLE, I, I THINK IF WE, YOU KNOW, IF WE'RE ABLE TO IDENTIFY, UH, ANY SHORTCOMING OR, UH, AN ERROR OR EVEN IF WE JUST HAVE A QUESTION, I FEEL MORE CONFIDENT MOVING FORWARD THAT THEY'VE AGREED ON THE ABATEMENTS TO HAVE THAT DISCUSSION IN ADVANCE OF CERTIFYING THE ROLE. 
          UM, AND SO, UM, YOU KNOW, I THINK THAT, I THINK COMING OUT OF THE INITIAL EXPERIENCE, I MEAN, NOW I'VE BEEN AROUND HERE FOR A LITTLE BIT. 
          I CAN'T REMEMBER THE LAST TIME WE'VE HAD EVEN ONE MISTAKE OF THAT MAGNITUDE MUCH LESS TWO YEARS IN A ROW. 
          MM-HMM . 
          AND SO IT'S A, IT'S A, IT'S A VERY UNUSUAL SITUATION, BUT, YOU KNOW, CAD MADE THOSE ERRORS, BUT THEY'VE ALSO, UM, AFTER THE, UM, INITIAL TI ERROR, THEY, UH, OFFERED TO WORK WITH US AND, AND AFTER THE SECOND TI ERROR, NOW THEY'RE OFFERING TO MEET WITH US AND HAVE THAT CONSULTATION EVEN IN ADVANCE AS CERTIFIED. 
          SO I THINK THEY'RE TRYING TO BE RESPONSIVE AND THEY RECOGNIZE THAT THIS IS NOT EASY FOR A CITY TO HAVE TO MANAGE THEIR, THEIR TAX ROLE, YOU KNOW, WHEN IMMEDIATELY AFTER IT'S CERTIFIED THERE'S A MISTAKE, UH, IDENTIFIED. 
          AND SO, TY, DO YOU WANNA ADD ANYTHING TO THAT OR? I THINK YOU COVERED IT, DON. 
          SO WHEN YOU CONSIDER THOSE ONE TIME, UH, ISSUES WITH THE CERTIFICATION, UH, FROM CCA, OUTSIDE OF THAT, I MEAN, THE WAY WE, OUR METHODOLOGY TO DETERMINE OUR, OUR PROPERTY TAXES, I MEAN, THAT'S ALL BASED ON CERTIFIED NUMBERS AND THEN THE VALUES AND DISPUTES THAT COME IN. 
          SO THERE'S REALLY NO CHANGE TO OUR METHODOLOGY FROM THAT STANDPOINT. 
          YEAH, THAT MAKES PERFECT, PERFECT SENSE. 
          DO YOU HAVE ANY, ANY SENSE OF ANYTHING ON C AD'S END THAT THEY'RE DOING BESIDES JUST PROACTIVELY MEETING WITH US TO CHANGE THEIR POLICIES OR THEIR PROCEDURES? I WOULD JUST SAY, UM, SO IN THE SPRING WE HAD A, A, A VERY SERIOUS DISCUSSION. 
          MM-HMM . 
          SAID, HEY, WHAT HAPPENED LAST YEAR WITH TI CAN'T HAPPEN AGAIN? THEY UNDERSTOOD, WE REACHED OUT TO THEM, COMMUNICATE MULTIPLE TIMES, LEAN UP TO CERTIFICATION, UM, AND THEN ERROR STILL OCCURRED. 
          I SEE. 
          SO AS A RESULT OF THAT, AS DON MENTIONED, THEY'VE NOW AGREED TO PROVIDE US THE ABATEMENT LISTING A FEW DAYS BEFORE CERTIFICATION MM-HMM . 
          SO WE CAN CATCH THAT AHEAD OF TIME. 
          SO WE'RE, THEY'RE, THEY ARE WILLING TO WORK WITH US 'CAUSE THEY UNDERSTAND THIS ISN'T ACCEPTABLE AND IT'S TOUGH TO SET OUR TAX RATE BASED ON NUMBERS THAT WE KNOW ARE ALREADY WRONG. 
          FAIR ENOUGH. 
          THANKS TODD. 
          SURE. 
          THANKS TODD. 
          THANK YOU. 
          COUNCIL MEMBER JUSTICE. 
          UH, THANK YOU MAYOR. 
          BACK ON THE, UM, QUESTION OF, OF THE NOR TEXAS MUNICIPAL WATER DISTRICT. 
          UH, IS THERE ANY OTHER PRESSURE WE CAN PUT ON THEM? LIKE I, I KNOW THAT AT ONE POINT YOU WERE, UM, UH, I THINK AS PART OF OUR, THE RATE LITIGATION, THEY'RE, THEY'RE REQUIRED TO GIVE US LIKE A COST OF SERVICES STUDY OR, OR SOME SORT OF AUDIT ON THE REGULAR BASIS. 
          ARE WE ASKING FOR THAT? ARE WE PUSHING FORWARD, MAKING SURE WE GET IT? WHAT, WHAT IS THAT? YEAH, ABSOLUTELY. 
          YEAH, WE JUST ACTUALLY IT'S, THAT'S A GREAT QUESTION AND IT'S A VERY VALUABLE PIECE OF THE PUC SETTLEMENT. 
          WE JUST RECEIVED THE SECOND COST OF SERVICE ANALYSIS. 
          AND SO, UM, WE'LL BE, WE'LL BE KIND OF THOROUGHLY GOING THROUGH THAT. 
          UM, YOU KNOW, THAT FOCUSES MOSTLY, UM, ON THINGS LIKE RESERVE, UM, UH, LEVELS OF, UH, MAKING SURE THAT THE RESERVES ARE IN THE APPROPRIATE LEVEL. 
          UM, SOME OF THE REGIONAL, UM, AGENCIES HAVE RESERVES THAT ARE IN THE 200, YOU KNOW, DAY RANGE FOR INSTANCE, AND, YOU KNOW, FOREIGN TO US  AND ACTUALLY KIND OF, KIND OF PRODUCTIVE I THINK WITH WHAT WE HEAR IN, IN MANY CASES. 
          AND SO, UM, BUT THE COST OF SERVICE ANALYSIS, UH, DID RESULT IN SOME CHANGES INITIALLY. 
          UM, UH, THE VERY FIRST ONE THAT WAS DONE, IT WAS COMPLETED, UM, ABOUT 18 MONTHS AFTER THE PUC UH, AGREEMENT WAS REACHED AND, AND ACCEPTED. 
          UM, AND, UM, SO WE'LL BE GOING THROUGH THAT, UM, TO ENSURE THAT THE, THE CURRENT LEVELS OF, UH, RESERVES AND JUST SOME OF THEIR CAPITAL PLANNING. 
          THE OTHER THING I THINK OF THE COST OF SERVICE ANALYSIS IS SUPPOSED TO DO FOR US IS TO MAKE SURE THAT THE CAPITAL EXPENDITURES ARE BEING, UH, PLANNED AND EXECUTED, UM, AT THE MOST OPPORTUNE TIME. 
          UM, YOU KNOW, ON THE ONE HAND YOU HEAR 'EM SAY, WE'RE RESPONSIBLE FOR PROVIDING WATER TO, YOU KNOW, 3 MILLION PEOPLE, AND YOU UNDERSTAND WHY THEY WANNA BE AHEAD OF EVERYTHING, BUT THERE'S ALSO A REALITY THAT IF THAT'S GONNA BE YOUR CASE, THEN YOU KNOW, WE'RE, WE'RE GONNA HAVE 9% FOREVER. 
          RIGHT? I MEAN, YOU, THERE HAS TO BE SOME STRATEGY BEHIND THE EXECUTION OF THEIR CAPITAL PLAN. 
          AND, UM, THAT WAS, THAT WAS, I BELIEVE ONE OF THE OPPORTUNITIES THAT WE IDENTIFIED. 
          THE TWO BIGGEST OPPORTUNITIES WERE THE EXECUTION OF THE CAPITAL PLAN, THE TIMING, UM, AND ALSO THE, UM, WHAT QUITE FRANKLY WE THOUGHT WERE EXCESSIVE RESERVES. 
          YEAH. 
          YEAH. 
          NO, I THINK THAT, I THINK THAT'S GOOD. 
          AND HOW OFTEN ARE THEY REQUIRED TO PROVIDE IT? EVERY THREE YEARS. 
          EVERY THREE YEARS. 
          OKAY. 
          HAVE, AND HAVE THEY BEEN DOING THAT OR DO WE GO TO ASK FOR IT? OR ARE THEY GIVING IT TO US? UH, NO, NO, THEY HAVE ACTUALLY BEEN DOING IT WITHOUT ANY THAT'S GOOD. 
          ANY PROMPT? UM, I, I, I DON'T REMEMBER WHOSE IDEA IT WAS, BUT DURING THE BUDGET RETREAT, BUT I JUST SORT OF WANNA 
          [01:45:01]
REITERATE, UM, SORT OF YOU ALL LOOKING AT MAYBE A, A TIERED, UM, YOU KNOW, WATER USAGE HERE. 
          UM, I DON'T, WHOEVER'S IDEA THAT WAS, I THOUGHT IT WAS A REALLY GOOD ONE. 
          IF THAT, IF THERE, IF IT'S A WORKABLE WAY TO HANDLE THAT FOR PEOPLE WHO ALREADY CONSERVE OR, OR ARE WILLING TO CONSERVE MORE, UM, YOU KNOW, OR IF YOU DON'T WANNA CONSERVE, YOU PAY, YOU'RE WILLING TO PAY MORE. 
          YOU KNOW, SOMETHING LIKE THAT I THINK WOULD BE REALLY, UM, YOU KNOW, SORT OF HELPFUL FOR FOLKS WHO, UH, YOU KNOW, THIS IS, YOU KNOW, $20 A MONTH IN ALL THESE FEES MM-HMM . 
          BUT AGAIN, FOR SOME PEOPLE THAT'S A LOT. 
          UM, AND IF THERE ARE WAYS FOR PEOPLE TO MINIMIZE THAT, THAT WOULD BE, UM, YOU KNOW, GIVEN THAT THAT'S THE BIGGEST PART OF THE INCREASE, YOU KNOW, I, I THINK THAT THAT'S REALLY WORTH EXPLORING. 
          UM, SO JUST REITERATE THAT. 
          YEAH. 
          THANK YOU. 
          AS A MATTER OF FACT, UM, IF IT SOUNDS GOOD TO YOU, I'LL MAKE SURE I INCLUDE IT. 
          BUT I, I PLAN ON RECOMMENDING A TACTIC WHERE WE HAVEN'T DONE A, UM, A RATE STUDY PROBABLY 15, 16 MAYBE. 
          YEAH, IT'S DEFINITELY, PROBABLY. 
          SO I WAS, I THINK IT WOULD BE GOOD. 
          I DON'T KNOW IF IT NEEDS TO BE A FULL BLOWN RATE STUDY, OR IF WE, YOU KNOW, WE, WE CAN, WE CAN TALK ABOUT THE SCOPE AND OF IT, BUT I THINK, I THINK AS A TACTIC, UH, FOR YOUR NECK, FOR YOUR, FOR THIS TERM, A RATE STUDY WOULD BE APPROPRIATE. 
          UH, UH, COUNCILMAN JUSTICE, I JUST WANNA MENTION, AND COUNCILMAN BARRS, I WANT, UH, I FAILED TO MENTION EARLIER, BUT, UM, I JUST WANTED TO DRAW ATTENTION JUST FOR THE PUBLIC. 
          WE WILL INCLUDE THIS AS A HANDOUT ON THE WEBSITE AS WELL. 
          BUT THIS WAS A WATER SEWER AND SOLID WASTE SURVEY THAT, THAT WE DID, UH, FOR SENIOR AND DISABLED, UH, PERSONS DISCOUNTS. 
          AND SO I JUST WANTED TO DRAW ATTENTION TO, TO THAT, THAT, THAT CAME UP DURING THE WORKSHOP AS A HOMEWORK ITEM. 
          WE DID PROVIDE THAT. 
          AND IF THERE'S ANY QUESTIONS WE'D BE HAPPY TO ASK, ASK, ANSWER ANY QUESTIONS ABOUT THAT. 
          MAYOR, I HAVE A SERIES OF SORT OF VERY SPECIFIC QUESTIONS, BUT IF, IF OTHERS WANNA GO, I'LL, I'LL, YOU CAN COME BACK AROUND. 
          OKAY. 
          SOUNDS GOOD. 
          COUNCIL MEMBER BARRIOS. 
          THANK YOU, MAYOR. 
          UM, A COUPLE, DON, MY FIRST TWO QUESTIONS ARE COMING OUT. 
          PAGE 39 OF THE BIG BOOK. 
          OKAY. 
          UM, AND, UH, THE LOOKING DOWN, AND I JUST, I WAS TRYING TO AS FIND THE ANSWERS TO THESE. 
          EXCUSE ME. 
          IF THIS WAS AS, AS YOU WERE TALKING, AND I THINK YOU MENTIONED, I REMEMBER HEARING YOU MENTION BUILDING INSPECTION, BUT TWO THINGS THAT POPPED OUT TO ME. 
          THE BUILDING INSPECTION GOING DOWN 8.25. 
          CAN YOU KINDA PRESENT VARIANCE? UM, CAN YOU KINDA SPEAK TO THAT AS FAR AS, OR CAN SOMEBODY KIND OF TELL ME WHAT THAT IT SEEMS TO BE ONE OF THE BIGGER ONES THAT DECREASED, THAT'S WHY. 
          YEAH, THAT IS MOSTLY RELATED TO SOME CONTRACTUAL INSPECTIONS THAT WE DID DUE TO SHORT STAFFING. 
          UM, WE'VE BEEN BEEN STAFF FUNDING THEIR STAFFING AS WELL AS, UH, CONTRACTUAL, UH, INSPECTIONS. 
          AND WHEN WE LOOKED AT THAT WITH, UH, WITH BRENT AND HIS GROUP, AS WELL AS WHAT HIS PLANNED STAFFING LEVEL IS AND ACTIVITY LEVEL COMING FORWARD, UH, WE FELT THAT WE COULD BACK OFF THAT CONTRACT, UH, FOR THIS UPCOMING YEAR. 
          UH, BUT THAT IS ALMOST ENTIRELY DUE TO, TO RESIZING THE, THE CONTRACT INSPECTIONS. 
          SO WORK WE WERE SENDING OUT, WE'RE GONNA DO INTERNALLY NOW AND THEREFORE THERE'S A SAVINGS THERE. 
          WE TO ABSORB THAT. 
          YES, SIR. 
          AND THEN WE ARE ANTICIPATING A LITTLE BIT, UH, LESS ACTIVITY NEXT YEAR. 
          THAT'S WHAT OUR PLAN IS, THAT'S WHAT OUR REVENUE EXPECTATIONS ARE TOO. 
          SO IF, IF WE EXCEED OUR REVENUES, THEN IF WE NEED TO GO BACK OUT, UM, AND REEVALUATE THAT CONTRACT, WE MIGHT HAVE TO DO THAT MIDYEAR. 
          THANK YOU. 
          OKAY. 
          NOW, UNDER GENERAL GOVERNMENT, UH, LINE THREE 10 NON NON-DEPARTMENTAL, WE'RE SHOWING A 12.65. 
          SO THEN I GO OVER TO PAGE 1 39 AND CORRECT ME IF I'M READING THIS WRONG OR, UM, BUT I GO OVER TO BENEFITS AND ADJUSTMENTS SEEMS TO BE THE BIG DROP AND THAT'S 2.1 MILLION. 
          UM, CAN YOU SPEAK TO THAT? 'CAUSE IT SEEMS LIKE WE HAD ZERO AND THEN WE DROPPED. 
          HOW DO YOU GO DOWN 2.1 MILLION FROM ZERO AND CAN YOU TELL ME, EXPLAIN WHAT THAT LINE IS, I GUESS IS THE FIRST ANSWER? THAT IS THE PROGRAMMED SALARY SAVINGS FROM THE 7% VACANCIES. 
          SO WE HAVE, IN THE PAST, WE'VE DONE IT DIFFERENT WAYS, BUT WE HAVE TARGETED SPECIFIC DEPARTMENTS AND FROZE THEM. 
          WHAT WE'RE DOING LAST YEAR, OR FY 25 AND FY 26 IS WE'RE GONNA ALLOW THE DEPARTMENTS TO SHOW THAT IN THEIR BUDGET, BUT THEN SHOW IT NON-DEPARTMENTAL IS, IS IS CITYWIDE, RIGHT? MM-HMM . 
          THAT WE, THIS GIVES THE FLEXIBILITY TO THE CITY MANAGER STAFF TO, YOU KNOW, FREEZE HERE, REACTIVATE THERE, VERSUS US CONSTANTLY DOING BUDGET TRANSFERS BETWEEN THE FUND OR THE, THE COST CENTERS TO TRACK THAT 7%. 
          WITH IT ALL BEING IN ONE PLACE, WE CAN ANALYZE ALL SALARIES TOGETHER AND MAKE SURE THAT WE'RE HITTING THAT 7% TARGET. 
          SO IT'S A 7% TARGET PLUS A A, A AVERAGE SALARY THAT WE NEED TO, TO HIT WOULDN'T HELP IF WE WERE, YOU KNOW, 10%, UM, VACANT. 
          BUT IT'S ALL THE LOWEST LEVEL POSITION. 
          SO WE WILL BE MANAGING, WE MEET ABOUT EVERY TWO WEEKS ON, UH, THE VACANCY RATE AS WELL AS, UH, WHETHER OR NOT WE CAN ACTIVATE THIS ONE AND THERE 
          [01:50:01]
MIGHT BE A TRADE OFF, BUT WE'RE DOING THAT IN NON-DEPARTMENTAL TO GIVE MANAGEMENT STAFF THE MOST FLEXIBILITY ACROSS THE GENERAL FUND. 
          SEEMS FAIR ENOUGH. 
          UH, SO IT'S NOT LIKE WE'RE WE'VE CUT ANY EMPLOYEE BENEFITS OR NO SIR, THAT'S JUST, OR PASSING ANY OF EXTRA COSTS ONTO THE EMPLOYEE THAT'S PURELY JUST CORRECT. 
          IT'S JUST A, A PLACEHOLDER FOR THAT. 
          THAT MAKES SENSE. 
          7% VACANCY. 
          BEFORE YOU LEAVE THAT PAGE, CAN I ASK A QUESTION ON IT? YEAH, ABSOLUTELY. 
          ON THAT SAME PAGE, I HAD A QUESTION ABOUT THE, THE WORKERS' COMP LINE. 
          THERE'S A SIGNIFICANT INCREASE, WHAT IS THAT ATTRIBUTABLE TO? PREMIUMS? YEAH, PREMIUMS. SURE. 
          GLAD WE CAN KNOCK THOSE TWO OUT WHILE WE'RE THERE. 
          UM, LAST BUT NOT LEAST, DON, WHILE I'M SITTING HERE THINKING, FIRST OF ALL, CONGRATULATIONS TO TODD, BOB, DON, AND THE ENTIRE TEAM. 
          I KNOW THERE'S A LOT OF HANDS THAT TOUCH THIS, UM, FROM DEPARTMENT MANAGERS ON UP, SO CONGRATULATIONS. 
          I KNOW BASED ON WHAT YOU SAID, IT WAS, IT WAS A TOUGH ONE. 
          I THINK YOU SAID SINCE 2008, THIS IS PERHAPS THE YEAR YOU MAY MENTIONED OR SOMEWHERE AROUND THERE. 
          UM, WHEN, HELP ME UNDERSTAND, LIKE, I KNOW WE'VE GONE THROUGH THE GOALS AND TACTICS AND OBVIOUSLY THEY HAVEN'T BEEN FINALIZED MM-HMM . 
          AND THEY'RE STILL GONNA BE FURTHER. 
          UM, HOW DOES THAT FIT INTO THE BIGGER BUDGET? BECAUSE WE'RE FINAL, WE'RE, WE'RE, WE HAVE TWO KIND OF BALLS IN THE AIR AND OBVIOUSLY THE BUDGET DETERMINES WHAT CAN BE DONE AND WHAT CAN'T BE DONE. 
          UM, SO WHEN YOU'RE LOOKING AT STUFF LIKE THAT, YOU KNOW, AND AS WE HEAR, AND PERHAPS MORE TACTICS ARE GONNA BE ADDED TO A REALLY TIGHT BUDGET, I'M LIKE, IS THAT I'M WORRIED ABOUT US NOT BEING ABLE TO ACCOMPLISH WHAT WE PUT FORTH TO ACCOMPLISH MM-HMM . 
          BUT AT THE SAME TIME, YOU KNOW, HOW DOES THAT ALL SURE FIT IN? HELP ME KIND OF BIG PICTURE HOW YOU SEE THAT HAPPENING. 
          SURE. 
          NO, THAT'S A GREAT QUESTION. 
          UM, SO RIGHT NOW, UM, YOU KNOW, IF YOU THINK ABOUT THE INITIAL LIST, UM, THAT WAS DRAFTED AND PRESENTED BY RICK, FOR INSTANCE, UM, THERE ARE, UM, I WOULD SAY ACTUALLY THE VAST MAJORITY OF THOSE TACTICS ARE THINGS THAT I WOULD, UM, AN ANTICIPATE HAVING A LOW, UH, THRESHOLD WHEN IT COMES FROM AN EXPENDITURE STANDPOINT. 
          UH, FOR INSTANCE, UH, LET'S, UH, REVIEW OUR LAND USE PLAN AND MAKE SURE THAT IT'S CONSISTENT WITH ZONING. 
          UM, LET'S LOOK AT ALL OF THE DIFFERENT, UM, UH, MASTER PLANS THAT, THAT YOU HAVE ADOPTED UNLESS, UH, LET'S PRIORITIZE, YOU KNOW, ACTION ITEMS ACROSS THE DIFFERENT PLANS. 
          SO WHAT, WHAT I'LL BE, UH, WHAT I'LL BE DOING IS, IS I, I PUT TOGETHER, YOU KNOW, A LI A A A COMPLETE LIST OF TACTICS FOR YOUR CONSIDERATION. 
          UM, I WILL BE, UM, KEEPING THE BUDGET LIMITATIONS IN MIND. 
          AND, UM, WHAT I'LL PROBABLY DO IS, UH, WHAT MY PLAN IS TO DO IS TO FRONT LOAD WORK ON TACTICS THAT HAVE THE LOWEST COST. 
          UM, UM, RIGHT NOW, AS OF YET, THERE WEREN'T ANY TACTICS ON THE LIST THAT I THINK HAVE A, AN AN, AN EXTRAORDINARY, YOU KNOW, COST ASSOCIATED WITH THEM. 
          I MEAN, EVEN THINGS LIKE LOOKING AT OUR, UM, OUR DESIGN STANDARDS AND THE THREE, UM, UM, SPECIAL REDEVELOPMENT AREAS OR LOOKING AT THE SPECIAL REDEVELOPMENT AREAS FOR CONSISTENCY. 
          I THINK A LOT OF THE WORK CAN BE DONE, UM, INTERNALLY. 
          UH, YOU KNOW, UH, BUT LET'S TAKE THE RATE STUDY FOR INSTANCE. 
          I CAN'T, WE CAN'T DO A RATE STUDY INTERNALLY THAT WILL REQUIRE A CONSULTANT. 
          UM, WHAT WE WOULD DO IS WE WOULD COME TO YOU AND WE'D SAY, OKAY, UM, WE HAVE, UM, SOME RATE STABILIZATION DOLLARS, FOR INSTANCE, OR WE HAVE MAYBE WHAT'S, WHAT ELSE? WE CALL IT SPECIAL THANK YOU, SPECIAL PROJECTS FUNDING IN THE WATER FUND. 
          THIS IS A NON-REOCCURRING ONETIME FEE TO DO THE RAID STUDY. 
          WE CAN FUND IT THAT WAY. 
          AND SO, UM, SO FIRST THING WOULD BE TO FOCUS ON, YOU KNOW, TACTICS THAT HAVE, YOU KNOW, A REASONABLE OR LOW COST OF ENTRY. 
          SECOND THING WOULD BE TO FOCUS ON NON-REOCCURRING TACTICS, UM, THAT, UH, WE COULD FUND THROUGH SPECIAL PROJECTS OR RESERVES. 
          UH, AND THEN THIRDLY WOULD BE, YOU KNOW, TO, UM, TO CONSIDER TACTICS THAT MIGHT HAVE OPERATIONAL COSTS OR REOCCURRING COSTS. 
          UM, BUT AGAIN, WE HAVE, YOU KNOW, WE HAVE 20 OR SO MONTHS LEFT IN, IN THIS TERM TO ACCOMPLISH ALL THOSE THINGS. 
          AND SO WE'LL HAVE ANOTHER BUDGET CYCLE. 
          UM, THIS TIME NEXT YEAR WE'LL BE LOOKING AT, YOU KNOW, FY 27 BUDGET, HOPEFULLY A MUCH DIFFERENT STORY. 
          AND SO SOME OF THOSE THINGS THAT MAYBE, UM, AREN'T ABLE TO BE FUNDED IN THIS YEAR, BUT THAT'S ON THE T COULD TACTICS LISTS COULD BE CONSIDERED NEXT YEAR FOR DURING THE BUDGET DEVELOPMENT. 
          YEAH. 
          YEAH. 
          JUST TO DOUBLE DOWN ON THAT, I MEAN, MOST, MOST EVERYTHING WE HAD WAS TO LIKE REVIEW AND DISCUSS AND NEITHER REVIEW NOR DISCUSS COSTS A WHOLE LOT OF MONEY. 
          UM, SO, UH, OBVIOUSLY THE DISCUSSION MAY LEAD TO A DESIRE TO DO SOMETHING, BUT THEN WE'D HAVE TO LOOK AT BUDGET AND MAYBE WE PUT IT OFF TILL THE NEXT BUDGET YEAR TO DO THAT. 
          COUNCIL MEMBER SHAUL. 
          THANK YOU, MR. MAYOR. 
          WELL, THANK YOU DON AND THE WHOLE TEAM, UH, FOR BRINGING ANOTHER BUDGET. 
          UH, LOOKS GREAT. 
          LOTS OF NUMBERS. 
          UH, YOU KNOW, ONE THING I SEE IS LIKE, 
          [01:55:01]
YOU KNOW, FOR ME, WHEN THAT, YOU KNOW, WHEN THERE'S A BIG NUMBERS, UH, HOW DO YOU CHECK THAT? HOW DO I FEEL END OF THE DAY? SO WITH THAT QUESTION IS I SEE THAT WHAT I HAD BEGINNING AND HOW MUCH I EARNED AND HOW MUCH I SPENT AND HOW MUCH I HAVE IN MY POCKET AFTER THAT. 
          SO THAT'S WHY, YOU KNOW, BASIC, YOU KNOW, THAT'S HOW I FEEL LIKE END OF THE DAY. 
          UH, NOW WITH THAT, I SEE THAT WE HAD X PLUS 24. 
          WE GAIN Y WE SPEND Y PLUS 24, NOW WE HAVE X WE ARE SHORT ABOUT 24. 
          SO NOW I SEE THAT YOU HAVE ALSO PRESENTED ANOTHER SLIDE THAT SHOWS HORSE IN THE PIPELINE, SO MANY REVENUE IS GONNA BE HITTING SOON. 
          VERY ENCOURAGING. 
          HAVE SEEN THAT THING, YOU KNOW, YOU HAVE SHOWED THAT IN THE PAST ALSO. 
          NOW, WITH THAT, DO YOU HAVE ANY, I'M SURE YOU, YOU DON'T SLEEP. 
          SO , YOU HAVE LIKE LOTS OF, UH, YOU KNOW, PROJECTION THAT OKAY, UH, EVEN THOUGH WE ARE TALKING ABOUT THIS YEAR BUDGET, NEXT YEAR BUDGET, HOW MIGHT, YOU KNOW, WHAT MIGHT LOOK CERTAIN THINGS? OF COURSE, YOU'RE NOT GONNA KNOW SOME OTHER FACTORS, BUT SOME OF THE THINGS YOU'RE GONNA KNOW, LIKE THIS PROJECTION, THAT'S SOMETHING IS GONNA BE, UH, COMING TO THE TABLE. 
          SO WE CAN ADD THOSE, RECOGNIZE THOSE REVENUE, BECAUSE, YOU KNOW, I SEE THAT WE NEED TO HAVE MORE MONEY, REVENUE SOURCE. 
          SO THAT'S THE BOTTOM LINE. 
          UH, YOU KNOW, HOW DO WE GET THAT? THAT'S ANOTHER QUESTION. 
          SO DO YOU HAVE ANY LIKE, PROJECTION? OKAY, UH, HOW THIS FUND IS GONNA LOOK LIKE THAT END OF THE DAY I'M GONNA HAVE MORE. 
          I MEAN, YOU KNOW, TREND. 
          I MEAN, WE ARE, THIS BUDGET IS GREAT. 
          LAST YEAR BUDGET WAS EVEN WONDERFUL. 
          PREVIOUS YEAR WAS GREAT. 
          I ENJOYED A LOT. 
          UH, IT'S A GOOD TIME TO BE ON THE COUNCIL ALSO. 
          UH, SO THE BOTTOM LINE, IS THAT WHAT I'M ASKING? THAT, YOU KNOW, ARE YOU, DO YOU SEE WHEN OUR RESERVE IS GONNA GO UP AGAIN? ANY, ANY, YEP. 
          SO, UH, GREAT QUESTION. 
          I THINK THAT, UM, YOU KNOW, IDEALLY, UM, EVEN THOUGH, UH, SO TAKE, TAKE THE TWO BIGGEST REVENUE SOURCES, PROPERTY TAX. 
          I MEAN, THERE'S GOOD REASON TO BELIEVE THAT, UH, NEXT YEAR AND, AND FOR THE FORESEEABLE FUTURE, UH, THE NEXT TWO TO THREE YEARS, THAT WE WILL HAVE MORE NEW CONSTRUCTION COMING ONLINE, UH, AND ADDING TO OUR TAX ROLL THAN WE HAD THIS YEAR. 
          SO THAT'S, THAT'S ONE ELEMENT. 
          UM, THERE'S GOOD REASON TO BELIEVE THAT EVEN, EVEN KNOWING WHAT WE KNOW, IF THE BPB UM, UM, INCREASE GETS APPROVED IN NOVEMBER, WHICH IT PROBABLY IS, UM, EVEN THAT SETBACK AND THE LITTLE ADDITIONAL SETBACK FROM THE, UM, STREAMING SERVICES FROM THE FRANCHISE FEE, AND EVEN IF X SB NINE FROM THE SPECIAL SESSION GOT APPROVED AND WE LOST, WE WENT FROM A THREE AND A HALF TO TWO AND A HALF, WE STILL AREN'T AS BAD AS WE WERE FROM THE TI AND THE NORTH SIDE GOING BACKWARDS. 
          SO WE WOULD STILL BE, WE WOULD, WE WOULD TAKE A STEP BACK ABOUT $1.8 MILLION, BUT WE'RE NOT TAKING A STEP BACK $3.1 MILLION. 
          AND SO I GUESS MY POINT SAYING THAT IS, I MEAN, IF YOU JUST DO LOOK AT, LOOK, LOOK AT THOSE TWO FACTORS, WE WILL START FROM A MUCH BETTER PLACE NEXT YEAR. 
          UM, WE HAD EVEN, AND, AND LET'S SAY WE JUST ACHIEVED WHAT WE WOULD'VE ACHIEVED THIS YEAR, HAD IT BEEN NOT FOR THE TWO, UM, EXTENUATING CIRCUMSTANCES, YOU KNOW, TWO POINT A HALF, 2.35% GROWTH, I THINK IT WAS. 
          AND SO I, I FEEL LIKE WE CAN RETURN TO A GROWTH MODE ON PROPERTY TAXES NEXT YEAR. 
          AND HOPEFULLY I WOULD LOVE TO SEE US MAX OUT, YOU KNOW, THE, THE, THE, THE CAP AT 3.5%. 
          THERE IS A LITTLE, LITTLE BIT OF INCREMENT THAT WOULD BE AVAILABLE TO US NEXT YEAR. 
          AND AGAIN, THAT WOULD BE INCREMENT THAT WE, UH, WE, WE DECIDE TO FOREGO THIS YEAR. 
          AND SO, YOU KNOW, YOU COULD, YOU COULD BE UP TO YOU GUYS, BUT YOU COULD AUTHORIZE US TO INCLUDE THAT, WHICH WOULD, WHICH WOULD HELP A LITTLE BIT ON THE CATCH UP ON THE SALES TECH SIDE, OUR SECOND LARGEST REVENUE SOURCE. 
          UM, AGAIN, WE ARE BEING VERY CONSERVATIVE ON, ON WHAT WE'RE PREDICTING NOW. 
          UM, THERE IS EVIDENCE THAT, UM, UM, YOU KNOW, LARGE MANUFACTURING OPERATIONS IN THE CITY, UM, BY THIS TIME NEXT YEAR WILL BE, YOU KNOW, 10 TO 15, MAYBE EVEN BY RECENT ESTIMATES AS, AS LATE AS LAST WEEK, MAYBE EVEN 20 TO 30% MORE RAMPED UP THAN THEY ARE TODAY. 
          AND SO, YOU KNOW, SALES TAX, UM, AND, AND QUITE FRANKLY, YOU KNOW, UM, OUR 50 LARGEST SALES TAX PAYERS MAKE UP FOR 50% OF OUR, UH, OUR 50 LARGEST OUT OF 18,000, 18,000 BUCKS OUT 16 TO 18,000 SALES TAX PAYERS. 
          OUR 50 LARGEST SALES TAX PAYERS MAKE UP 50% OF OUR SALES TAX. 
          SO THE WAY THEY GO, WE GO , RIGHT? I MEAN, THAT'S THE, THAT'S THE WAY IT IS. 
          AND SO THERE'S LOOKING AT THOSE SALES TAX PAYERS, THEY ARE TRENDING, UH, THEY'RE TRENDING IN A POSITIVE WAY. 
          AND SOME HAVE 
          [02:00:01]
SHARED WITH US, UH, YOU KNOW, THERE ARE CONTINUED PLANS TO, UH, RAMP UP AND, AND CONTINUE PRODUCTION. 
          AND SO I BELIEVE, UM, YOU KNOW, WHILE RETAIL SALES TAX IS IMPORTANT, QUITE FRANKLY, IT DOESN'T, IT DOESN'T MOVE THE NEEDLE. 
          IT'S THE SALES TAX OF REALLY, YOU LOOK AT THE TOP 10 SALES TAX, UH, UH, UH, PAYERS, AND THEY, THEY CAN MOVE THE NEEDLE ONE WAY OR ANOTHER DRAMATICALLY. 
          AND THAT'S WHAT HAPPENED TWO YEARS AGO WITH ONE SALES TAX PAYER, RIGHT? AND SO, UM, I BELIEVE I'M OPTIMISTIC BOTH ON THE PROPERTY TAX AND ON THE, UM, THE SALES TAX SIDE. 
          I THINK WE ARE DOING THE RIGHT THINGS AND WE'RE WORKING WITH THE RIGHT, UM, BUSINESS PARTNERS. 
          UH, THE OTHER THING I I WOULD SAY IS THIS. 
          AND WE, YOU KNOW, WE, WE DID A TARIFFS ROUND TABLE, UH, UH, A FEW WEEKS AGO, MICHAELA AND CHRIS AND I, WE DID A TARIFFS ROUND TABLE. 
          AND WE HAD IN ADVANCE OF THAT, WE HAD HAD SEVERAL ONE-ON-ONE MEETINGS. 
          AND IT WAS INTERESTING THAT I CAN, THERE WERE A COUPLE OF THE BUSINESSES, UH, THAT WERE REP, THEY SAID, WHAT, WHAT ARE YOU GUYS, WHY ARE YOU DOING THIS? AND I WAS LIKE, WHY WOULDN'T WE BE DOING THIS? WE NEED TO KNOW WHAT THEY'RE THINKING, RIGHT? I MEAN, AND ONCE WE SAID THAT, IT WAS REALLY OBVIOUS TO 'EM, THEY WERE LIKE, OKAY, YEAH, WE GET IT. 
          YOU KNOW, WHAT WE DO DIRECTLY IMPACTS YOUR, YOUR REVENUE. 
          AND SO, UM, UM, UM, UH, COUNCILMAN CHAIRMAN. 
          SO WE ARE GOING TO STAY HIGHLY, UH, ENGAGED WITH THESE, THESE, THESE LARGE, UM, PROPERTY AND SALES TAX, UM, UM, COMPANIES SO THAT IF THERE'S, IF THERE'S SOMETHING ON THEIR MIND THAT THEY'RE THINKING, YOU KNOW, THEY COULD, THEY COULD GO OFF TRACK OR THEIR TREND MAY CHANGE, WE WILL KNOW THAT. 
          AND, YOU KNOW, WHEN WE, WHEN, WHEN, WHEN BOB BROUGHT THE SALES TAX ISSUE TO OUR ATTENTION TWO YEARS AGO, WE BEGAN VOLUNTARILY PULLING BACK ON EXPENDITURES WITHOUT EVEN, THAT WAS AN OPERATIONS DECISION THAT WE MADE, KNOWING THAT WE WERE HEADING IN THAT DIRECTION. 
          AND WE, THAT'S WHY WE, WE WERE ABLE TO SOFT LAND THAT BUDGET WITHOUT REALLY ANY HUGE IMPACTS. 
          UM, AND SO THE, THE ONGOING COMMUNICATION AND ENGAGEMENT THAT WE HAVE, THE EFFORT THAT WE MAKE TO STAY, UM, REALLY IN TUNE WITH THESE BIG, UH, TAXPAYERS, I THINK PROVIDES US WITH, UH, FLEXIBILITY AND ADAPTABILITY TO GET AHEAD OF SOMETHING. 
          BECAUSE AGAIN, EVEN EVEN THE LAG IN THE SALES TAX THAT WE SAW, WE KNEW THAT, THAT WE KNEW THAT WAS COMING MONTHS AHEAD OF TIME AND WE COULD SEE IT START TO DEVELOP AND EMERGE. 
          AND BY THE TIME IT GOT FULL BORE WHERE WE WERE REALLY MISSING THE MARKS BY HUNDREDS OF THOUSANDS OF DOLLARS, HUNDREDS OF THOUSANDS OF DOLLARS A MONTH, WE'D ALREADY ADJUSTED. 
          AND SO THAT'S, THAT'S A LONG, PROBABLY TOO LONG OF AN ANSWER, BUT THAT'S A LONG ANSWER TO WHY I THINK THAT WE'RE, I THINK WE'RE REALLY WELL EQUIPPED TO MANAGE THE GROWTH AND TO CON, BUT IF IT, IF THAT DOESN'T HAPPEN, WE'RE REALLY WELL EQUIPPED TO REALLY WELL EQUIPPED TO ADAPT TO THE CHANGE THAT WE'RE EXPECT THEN WHAT WE'RE COMPARED TO WHAT WE'RE EXPECTED. 
          YEAH. 
          THANK YOU, DON. 
          THAT'S, UH, THAT'S REALLY, YOU KNOW, COMFORTING. 
          UH, BUT ALSO, YOU KNOW, ONE THING THAT THIS IS, THAT'S WHY THIS IS SO IMPORTANT THAT COUNCIL MAKE THE ALSO THE RIGHT DECISION ON TIME. 
          BECAUSE THE DECISION THAT WE MAKE, IT MIGHT NOT DO ANYTHING TOMORROW, JUST TOMORROW MEANS LITERALLY TOMORROW, BUT IT'S GONNA BE AFFECTING US FOUR YEARS FROM NOW, MAYBE FIVE YEARS FROM NOW. 
          SO, YOU KNOW, THAT'S ONE OF THE THING IMPORTANT, BUT ALSO THAT TARIFF WE TALK ABOUT A LOT. 
          BUT THIS COULD BE A GOOD THING SOMETIMES. 
          UH, I'M ALWAYS TRYING TO LOOK AT THE POSITIVE THINGS THAT, YOU KNOW, THINGS ARE GONNA CHANGE. 
          IF WE CAN ADJUST OURSELVES TO THE RIGHT DIRECTION, WE CAN ATTRACT LOTS OF OTHER BUSINESSES AND MOVE ON POSITIVE WAY. 
          SO THERE ARE SOME PEOPLE THAT ARE GONNA BE WINNER. 
          THERE ARE SOME PEOPLE THAT ARE GONNA BE LOSER. 
          SO, YOU KNOW, IT DEPENDS ON HOW WE DECIDE HERE. 
          WE ARE GONNA BE ON THAT SIDE. 
          SO THANK YOU FOR THOSE VERY DETAIL AND WONDERFUL ANSWER. 
          THANK YOU, COUNCIL MEMBER JUSTICE. 
          THANK YOU, MAYOR. 
          UM, I THINK I ASKED ABOUT IT EVERY YEAR, BUT THE, UM, HOTEL MOTEL TAX FUND, WE DON'T HAVE A FUND BALANCE BECAUSE IT'S SUCH A VOLATILE FUND. 
          UM, SO I ASK YOU ABOUT IT EVERY YEAR. 
          CAN YOU, I, I GUESS LET ME KNOW, WE HAVE $3.8 MILLION FUND BALANCE. 
          WHAT IS THAT IN DAYS DO WE KNOW? AND IS THERE A TREND OF HOW MANY DAYS BALANCE WE HAVE SUCH THAT WE MIGHT WANNA CREATE A POLICY? BOBBY, YOU YOU LOOKING THAT UP? OKAY. 
          THANK YOU. 
          SORRY. 
          THAT'S OKAY. 
          WHILE YOU LOOK THAT UP, I HAVE ANOTHER QUESTION. 
          OKAY. 
          I CAN ASK. 
          UM, SO THE, ON THE CERTIFIED TAX LEVY ANALYSIS, ON PAGE 36, THE NUMBER OF HOMESTEAD CAPPED VA, UM, ACCOUNTS LIKE FELL OFF MASSIVELY. 
          AND THERE WAS AN, THERE WAS AN SHOT UP MASSIVELY FROM N 2223 FROM 47 UNDER ACCOUNTS TO ABOUT 18,000. 
          NOW IT'S FALLEN OFF THE CLIFF TO 11,000. 
          DO WE KNOW WHY THAT'S HAPPENING? IS THAT A TREND OF, YOU KNOW, ARE PEOPLE RENTING MORE NOW VERSUS MING AND, AND CLAIMING HOMESTEAD? OR WHICH DATES WERE YOU ON? 36? SORRY, I WAS TRYING TO CATCH, CAN YOU ASK A 
          [02:05:01]
QUESTION IF, IF YOU DON'T MIND? YEAH, THANKS. 
          CAN YOU ASK THE QUESTION ONE MORE TIME? SORRY, I WAS TRYING TO CATCH UP TO WHAT, SORRY ABOUT THE, THE HOMESTEAD CAP VALUE. 
          UM, THE NUMBER OF ACCOUNTS SORT OF FALLEN OFF A CLIFF FROM ABOUT 18,000 TO 11,000. 
          AND I WENT BACK TO OUR PRIOR BUDGET YEARS. 
          AT ONE POINT IT WAS 4,700 AND SHOT UP TO 18,000 HELD STEADY, AND NOW IT'S FALLING OFF A CLIFF. 
          DO WE KNOW WHY? SO, UM, AS YOU RECALL, THERE'S A 10% CAP ON THE AMOUNT THAT'S GONNA BE REALIZED. 
          SO ANY OF 'EM THAT ARE HITTING THAT CAP, THEY'RE GONNA FALL INTO THAT HOMESTEAD CAP VALUE DIFFERENCE. 
          SO A FEW YEARS AGO WAS WHEN WE WERE SEEING LIKE 20, 30% VALUE GROWTH IN THE MARKET. 
          SO YOU HAD A LOT OF YEARS OF BUILT UP VALUE, BUT NOW, UM, ON THE ONE SLIDE, DON HAD, THERE WAS ONLY 8% OF ACCOUNTS THAT THEIR MARKET VALUE WAS JUMPING MORE THAN 10%. 
          AND SO WHAT YOU'RE STARTING TO SEE IS THERE'S LESS AND LESS ACCOUNTS THAT STILL HAVE STORED VALUE. 
          SO IF YOU HAVE 0%, 2%, 3% GROWTH, MORE OF THOSE ACCOUNTS ARE NOW JUST SEEING THAT TRUE GROWTH AND THEY'RE NOT STILL EXCEEDING THAT 10% CAP. 
          A LOT OF THAT PEN UP VALUE IS BURNED OFF. 
          EXACTLY. 
          YEAH. 
          YEAH. 
          NO, THAT'S HELPFUL. 
          I DIDN'T, THAT'S IN A NUTSHELL THE CAP PIECE THAT, THAT MAKES SENSE THAT THE CAPPED PORTION, UM, AND I, YOU PROBABLY WON'T HAVE AN ANSWER TONIGHT, BUT SOMETHING TO, TO LOOK INTO. 
          I HAD A RESIDENT ASK ME ABOUT LEASE VEHICLE EXEMPTIONS MM-HMM . 
          UM, AND SO I, YOU KNOW, TO THE EXTENT YOU CAN, IT WOULD BE HELPFUL IF YOU COULD SEE WHAT OTHER CITIES DO OKAY. 
          AND WHAT, WHAT THE REVENUE IMPACT WOULD BE, UM, IF WE WERE TO HAVE THAT, THERE'S A PARTICULAR RESIDENT THAT, THAT WANTED SOMETHING ALONG THOSE LINES. 
          UM, REAL QUICK ON THE, ON THE HOTEL MOTEL, WE'RE A HUNDRED FIFTY, A HUNDRED FIFTY THREE 0.19 DAYS OF FUND BALANCE IN THAT FUND. 
          SO TO THE QUESTION, IS THERE, YEAH, BUT ARE WE AT A POINT WHERE WE SHOULD LOOK AT A POLICY? OH, BUT IS THAT CONSISTENT? I THOUGHT YOU WERE ASKING WHAT THE YEAH, BUT I, I THINK THE PROBLEM IS THAT FUND IS REALLY VOLATILE AND SOME YEARS IT'S NOT GONNA BE THAT HIGH. 
          AND SO I, I GUESS IS THERE A TREND, UM, THAT, THAT MAYBE WE COULD ESTABLISH A 30 DAY FUND BALANCE OR, YOU KNOW, SOMETHING LIKE THAT. 
          SO, SO WE CAN ABSOLUTELY ESTABLISH A FUND BALANCE. 
          THE REASON THE FUNDS WE HAVE THAT HAVE FUND BALANCES ARE MORE FROM KIND OF A BOND RATING STANDPOINT. 
          MM-HMM . 
          ALL OF THOSE FUNDS. 
          SO THE GENERAL FUND AND THE DEBT SERVICE FUND, OF COURSE PROPERTY TAX RELATED WATER AND SEWER FUNDS SOLVED WASTE FUNDS, STANDALONE ENTERPRISE FUNDS. 
          THE ONE YOU PROBABLY QUESTION IS WHY THE GOLF FUND? THEN THE GOLF FUND WAS A STANDALONE ENTERPRISE FUND PRIOR TO 2014. 
          AT THAT POINT IN TIME, YOU KNOW, WE WERE SEEING THAT IT WAS NOT ABLE TO COVER ITS FULL OPS OPERATIONS, SO FROM AN ACCOUNTING STANDPOINT REALLY COULD NOT BE AN ENTERPRISE FUND ANYMORE. 
          SO IT GOT CATEGORIZED AS A SPECIAL REVENUE FUND. 
          I THINK CITY COUNCIL PASSED AN ORDINANCE AT THAT TIME, AND SO THE DEBT GETS PAID FOR BY GENERAL GOVERNMENTAL OPERATIONS, BUT THE GOLF FUND STILL COVERS ITS OWN OPERATIONS. 
          IT'S STILL KIND OF, WE, WE JUST STILL KEPT THAT IN THERE WITH A FUND BALANCE POLICY. 
          WE COULD CERTAINLY DO THAT FOR ANY FUND, BUT THAT'S KINDA THE HISTORY BEHIND THE FUNDS WE HAVE. 
          YEAH, I MEAN, I THINK COVID SORT OF SHONE A LIGHT ON, ON, YOU KNOW, SHUTTER VENUES AND SORT OF LIKE THE MAJOR IMPACTS THAT THAT FUND COULD HAVE. 
          BUT, YOU KNOW, THAT'S COMPLETELY BEYOND OUR CONTROL. 
          AND SO I THINK THEN THE PAST FEW YEARS, THE CONVERSATION HAS BEEN, LET'S LIKE, SORT OF STABILIZE IT AND SEE, BUT IF THERE'S A TREND, YOU KNOW, MAYBE A LITTLE BIT OF PRE COVID TRENDING, AND THEN AS WE'VE COME OUT OF IT, IF, IF WE'VE CONSISTENTLY BEEN ABLE TO HIT 30 OR 60, I THINK WE SHOULD MAYBE HAVE A DISCUSSION ABOUT, UM, HAVING A FUN BALANCE FOR, FOR THAT ONE. 
          UM, AND I, I GET IT MIGHT NOT HELP WITH THE RATING, BUT I THINK THAT IT'S PROBABLY STILL GOOD POLICY THEN WE HAVE A POLICY. 
          OKAY. 
          GREAT. 
          UM, OKAY. 
          ANYBODY ELSE? OKAY. 
          MAYOR, DO YOU HAVE ANY QUESTIONS OR, UH, I DON'T, I DON'T HAVE QUESTIONS. 
          I HAVE A FEW COMMENTS, BUT I CAN WAIT UNTIL OKAY. 
          WE'RE DONE WITH QUESTIONS OR I CAN, YOU CAN GIVE YOU A LITTLE BIT OF A BREAK AND JUMP IN. 
          YEAH, THAT'S UP TO YOU. 
          I HAVE VERY SPECIFIC QUESTIONS ABOUT, UM, EXPENDITURES. 
          YEAH. 
          SO ON UH, PAGE ONE 60 FOR PD TRAINING, WE'VE SIGNIFICANTLY SORT OF DECREASED FROM THE ORIGINAL BUDGET OF 25. 
          IS THAT JUST A, A BUDGET IMPACT? WE, WE CAN'T OFFER AS MUCH OR WE'VE ASKED THEM TO SCALE BACK OR, I, I THINK THE BIGGEST THING IS THEY WERE ONE COST CENTER AND THEY WERE BEING BROKE OUT INTO NINE, I BELIEVE. 
          NINE, YEAH. 
          OKAY. 
          SO THEIR TRAININGS NOW KIND OF SPLIT ACROSS THE DIFFERENT DIVISIONS. 
          YEAH, AND I DIDN'T LOOK BACK AT PREVIOUS YEARS, BUT I NOTICED THAT THIS YEAR THAT FIRE IS ONE AND PD WAS MULTIPLE. 
          IS THAT THE FIRST YEAR WE'VE DONE THIS IS THE FIRST YEAR THAT P WHY ARE DOING IT PD REQUESTED IT THIS YEAR TO BETTER TRACK, UH, THEIR EXPENDITURES. 
          THEY HAD BEEN DOING IT INTERNALLY WITH SPREADSHEETS, AND THOSE SPREADSHEETS DIDN'T ALWAYS TIE TO OUR GL. 
          SO BY CREATING THESE SEPARATE COST CENTERS, THEY COULD SEE WHAT PATROL WAS DOING, WHAT DETENTION WAS DOING, INVESTIGATIONS AND SO FORTH. 
          UH, SO THIS WAS A TOOL TO HELP THEM BETTER MANAGE, UH, THEIR OPERATIONS, UH, COMBINED, I BELIEVE THEY'RE GOING FROM, WHAT WAS IT, 39 MILLION TO 
          [02:10:01]
40 MILLION? UM, OVERALL, I THINK THAT'S WHAT WE, WHAT WE HAD. 
          YEAH. 
          UM, SO THERE, MOST OF THE INCREASE IS A RESULT OF THE PAY PLAN ADJUSTMENT, BUT MOST OF THE LINE ITEMS, UH, THEY HAD SOME SAVINGS JUST DUE TO THE, THE TURNOVER WITH THE RECENT RETIREMENTS THEY HAD, BUT ALMOST ALL OF THEIR OTHER LINE ITEMS WHEN YOU LOOK AT 'EM COMBINED, UM, THEY HAD A LITTLE BIT OF RESHUFFLING AROUND, BUT AS A WHOLE, YOU KNOW, UH, THEY KEPT THEIR, UH, CONSISTENT. 
          SAME WITH FIRE. 
          UH, MATTER OF FACT, ALL OF OUR GENERAL FUND DEPARTMENTS REALLY WORKED HARD TO, TO, TO FEND OFF ANY KIND OF INFLATIONARY IMPACTS. 
          UH, SO I, I WOULD, I WOULD SAY THAT NOT MUCH HAS CHANGED IN, IN THEIR OVERALL TRAINING BUDGET WHEN YOU COMBINE ACROSS ALL THE COST CENTERS. 
          OKAY. 
          THAT, THAT'S VERY HELPFUL. 
          THE REST OF MY QUESTIONS, I THINK WERE ANSWERED BY THE, THE PRESENTATION, UM, AND BE PIGGYBACKING ON COUNCILMAN BARRIOS QUESTION. 
          SO, UM, JUST WANNA SAY THANK YOU. 
          CONGRATULATIONS. 
          I KNOW IT'S BEEN A LOT OF, UH, HARD WORK AND IT'S A GREAT BUDGET. 
          IT'S A CREATIVE BUDGET TO, TO SORT OF, UH, NOT HAVE TO IMPACT ANY OF OUR, UH, PARKS MAINTENANCE OR, YOU KNOW, FLEET OR ANYTHING LIKE THAT. 
          SO KUDOS TO ALL OF YOU FOR, FOR MAKING THAT HAPPEN. 
          UM, I REALLY, REALLY APPRECIATE IT. 
          YEAH. 
          SO PROBABLY THE ONLY QUESTION, UM, AND IT'S PROBABLY A, A MATH QUESTION THAT MAY OR MAY NOT BE SOMETHING VERY EASY TO CALCULATE ON THE SPOT, BUT I, I WONDER WITH THE, ONE OF THE THINGS THAT HAPPENED IN THAT LAST BUDGET IS THE ASSUMPTION OF REVENUE, RIGHT? CAUSED US TO CREATE A TAX RATE THAT WAS LIMITED BECAUSE OF THE GROWTH THAT WE COULD HAVE. 
          I BELIEVE IN THAT YEAR. 
          I THINK YOU ALSO TOOK WHATEVER EXEMPTION WAS AVAILABLE, BUT HAD, HAD THE NUMBER BEEN 2 MILLION LIGHTER, THEN WE WOULDN'T HAVE BEEN CAPPED AND WE ACTUALLY WOULD'VE NOT DROPPED THE TAX RATE AS MUCH. 
          IS THAT, IS THAT A FAIR STATEMENT? IT WOULD'VE BEEN WITHIN THE, THE VOTER APPROVAL RATE WOULD'VE BEEN A HIGHER RATE, RIGHT. 
          RELATIVE TO WHAT IT WAS LAST YEAR, ASSUMING THAT THE EXEMPTION HAD BEEN APPLIED FOR THE FY 25 BUDGET AND THERE WAS 592 MILLION LESS AVAILABLE IN THE CERTIFIED ROLE, YES. 
          THE VOTER APPROVAL RATE A YEAR AGO WOULD'VE BEEN HIGHER. 
          SO IN ITS OWN WAY, IT'S CREATED A SCENARIO WHERE WE, A BIT RATE WISE, WE'RE A BIT BEHIND WHERE WE COULD HAVE BEEN, UH, BECAUSE OF THAT, OF THAT ERROR ON COLLIN COUNTY SIDE. 
          UM, SO THE, ALTHOUGH YES, THERE'S THE, THE IMPORTANCE OF, GOSH, THEY GOT THE NUMBER WRONG AND WE HAD TO ADJUST TO IT. 
          THERE'S ALSO THE PROBLEM OF THE 3% CAP AND, AND EVERY OTHER IMPLICATION, WHICH I'M ASSUMING WE, YOU KNOW, CAN'T PROBABLY POLITICALLY OR OTHERWISE GO BACK AND TRY TO, UH, UH, HAVE A DISCUSSION ABOUT THAT OR ADD AN EXEMPTION, UH, RELATED TO THAT OR, OR CAN WE PETITION FOR THAT ADDITIONAL EXEMPTION BASED ON THE DIFFERENCE IN THE NUMBERS? SO ONE THING I WOULD LIKE TO CLARIFY WITH THE STATE FORM WE USE FOR CALCULATING THE TAX RATE AND WHAT THAT 3.5% IS APPLIED ON, IT'S NOT LAST YEAR'S CERTIFIED NUMBER TO THIS YEAR'S CERTIFIED NUMBER. 
          I UNDERSTAND ANY ADJUSTMENTS THAT OCCUR THROUGHOUT THE YEAR FROM LAWSUITS THAT HAVE BEEN RESOLVED, A RB DISPUTES THAT GET FINALIZED, THAT GIVES US AN ADJUSTED NUMBER, WHICH IS THE BASE FOR DETERMINING THE 3.5% THIS YEAR. 
          SO IT'S NOT, SO LAST YEAR'S RATE COULD HAVE BEEN HIGHER IF THE CERTIFIED VALUE WAS LOWER, BUT IT DOESN'T SUDDENLY BECOME, OH, WELL, SHOOT, WE MISSED OUT ON IT NOW BECAUSE, BECAUSE THAT 592 MILLION ABATEMENT FOR TI HAS BEEN APPLIED BECAUSE OF THE NORTH SIDE DROP IN VALUE, THAT IS NOW THE LOWER BASE FROM WHICH THE 3.5% CAP APPLIES THIS YEAR, EXCLUDING TIFF ABATEMENTS THAT DROP AND EXCLUDING NEW CONSTRUCTION. 
          BUT THE TAX RATE WE'RE STUCK WITH THE TAX RATE WE HAVE BECAUSE OF, BECAUSE OF LAST YEAR'S ASSESSMENT. 
          UH, WELL, I WOULD, I WOULD SAY BECAUSE OF, OF, I SAY STUCK, I, I DON'T MEAN STUCK. 
          OKAY, SURE. 
          BUT, BUT IF WE WANTED TO KEEP THE SAME AS LAST YEAR'S TAX RATE, THAT'S, THAT'S PROBLEMATIC BECAUSE THE TAX RATE WAS ESSENTIALLY ARTIFICIALLY DROPPED LOWER BASED ON A NUMBER THAT WE REALLY DIDN'T HAVE. 
          AND, AND IN HAND, AND, AND I'M ONLY, I'M ONLY BRINGING THAT UP JUST TO MAKE SURE THAT WE'RE KIND OF LOOKING AT IT, UM, CLEAR-EYED. 
          THERE'S, THERE WERE TWO ELEMENTS TO THE, THE NEGATIVE THAT HAPPENED WITH, WITH COLLIN COUNTY. 
          I, I'M, I'M CURIOUS AND OR WOULD ENCOURAGE AND, AND, UM, THAT IF THERE ARE ANY WAYS THAT WE CAN, AND YOU FOUND THE LATEST ONE BEFORE IT REALLY IMPACTED US, WHICH IS, WHICH IS GOOD NEWS. 
          IT MEANS THERE'S SOMETHING, UH, UH, HAPPENING IN TERMS OF SOME ADDITIONAL RESILIENCE ON OUR, ON OUR LOOKING AT IT. 
          BUT I DO WONDER, ESPECIALLY WITH EVERYTHING, AI, EVERYTHING, BIG DATA, UH, EVEN A WHOLE TIER ONE UNIVERSITY 
          [02:15:01]
THAT FOR PROBABLY $3,000 COULD GET US A, UH, YOU KNOW, A LOOK AT, AT, AT CREATING SOME NEW SOFTWARE FOR US. 
          I, I WONDER WHETHER OR NOT THERE ARE OPPORTUNITIES FOR US TO REALLY KIND OF DO SOME MORE IN DEPTH ANALYSIS ACCOUNT BY ACCOUNT IN A WAY THAT MAY HELP US BE ABLE TO FIND OTHER ANOMALIES OR TRENDS OR OTHER THINGS THAT WE'D LOOK AT. 
          SO MORE THAN ANYTHING, IT'S, IT'S AN ENCOURAGEMENT TO CONSIDER, UM, IF THERE ARE OTHER TECHNOLOGIES THAT WE CAN UTILIZE THAT ARE AVAILABLE TODAY THAT WEREN'T AVAILABLE TOMORROW, UH, LAST TIME, UM, THAT COULD POTENTIALLY HELP US. 
          SO, UM, I'LL JUST PUT THAT OUT THERE. 
          UM, THE OTHER THING I'M, I WANT TO DOUBLE DOWN ON, I THINK MAYOR PRO TEM HUTCHIN RIDER WAS KIND OF ALL OVER IT, AND I DO REALLY DO APPRECIATE, UM, YOUR CANDOR ON, ON THE WATER SIDE OF THE DISCUSSION, BUT AS, AS I SAID DURING THE DISCUSSION WHEN THEY WERE HERE, UM, WHAT THEY'RE CONSIDERING, WATER CONSERVATION IS A PITTANCE TO WHAT ANY OTHER WATER DISTRICT WOULD EVER CONSIDER WATER CONSERVATION. 
          AND SO, UM, I, I DO THINK THAT PERHAPS PUSHING ON THAT, ESPECIALLY THE POINT THAT, UM, UH, THAT OUR CITY MANAGER MADE RELATED TO THAT WATER CONSERVATION GOES A LOT FURTHER, UH, TO HELPING US WITH FUTURE RATES THAN JUST ABOUT ANYTHING ELSE. 
          AND SO, UM, UM, YOU KNOW, MY HOPE IS TO SHARPEN THAT CONVERSATION WITH THEM QUITE A BIT MORE AS, AS WE GET INTO IT, UH, BECAUSE TO THE POINT THAT A FEW PEOPLE MADE THAT THAT RATE HIKE WAS JUST, UM, YOU KNOW, IT'S JUST UNTENABLE AND, AND IT KEEPS COMPOUNDING, WHICH MAKES IT EVEN WORSE. 
          SO, UM, I DON'T HAVE ANY OTHER STATEMENTS OR QUESTIONS, BUT, UM, IF THERE AREN'T ANY OTHERS, WE CAN MOVE ON AND, UH, 
          [C. REPORT ON ITEMS OF COMMUNITY INTEREST]
WE GET TO MOVE ON TO ITEMS OF COMMUNITY INTEREST. 
          UM, ANY COUNCIL MEMBERS HAVE ANYTHING THAT WAS INTERESTING IN THE LAST WEEK? YES, COUNCIL MEMBERS , AFTER DISCUSSING ALL THIS BUDGET, ALL THE NUMBER INTERESTING THINGS, I DON'T REMEMBER MUCH EXCEPT THE, SOME OF THE SERIOUS STUFF. 
          SURE. 
          UH, LAST TUESDAY, UH, UH, THE EDUCATION COMMITTEE MEMBERS WE MET WITH, UM, WITH THE COLLEEN COLLEGE, UH, THE EDUCATION COMMITTEE MEMBERS WAS, UH, UH, MAYOR PROGRAM, KEN HUON, WRITER, AND THEN, UH, CO COUNCIL MEMBER JOE CORCORAN. 
          WE MET WITH COLIN COLLEGE, AND WE, WE LEARNED LOTS OF INTERESTING THINGS HAPPENING THERE. 
          UH, AND WHICH IS, YOU KNOW, I DIDN'T KNOW THAT YOU COULD GET, UH, TEXAS A AND M COLLEGE DEGREE RIGHT FROM THEM FROM COL COLLEGE AND ALSO TEXAS, UH, STATE UNIVERSITY, AND YOU CAN TAKE SOME OF THE CLASS FROM FOR ALSO UTD. 
          SO BASICALLY, THESE ARE GREAT PROGRAM. 
          IF, YOU KNOW, STUDENTS, THEY LEAVE HERE, THEY DON'T HAVE TO LEAVE THE, YOU KNOW, THIS CAMPUS GO OVER THERE AND GET THE DEGREE FOR A AND M. 
          THEY CAN GET MOST OF THE CLASSES HERE, AND THEN THEY CAN, UH, THEY HAVE TO GO THERE TO FINISH THIS THING UP. 
          BUT FOR TEXAS STATE UNIVERSITY, THEY CAN COMPLETE THE WHOLE PROGRAM HERE IN THIS CAMPUS. 
          COLLIN COLLEGE ALSO, I THINK THE DALLAS COLLEGE OFFERED THOSE SIMILAR PRO PROGRAM. 
          SO, YOU KNOW, THAT WAS A GREAT MEETING WE HAD. 
          UM, IF ANYTHING, COUNCIL MEMBER JOE, OR YOU WANNA ADD, OR MAYOR PROM YOU WANNA ADD? WE'LL LET 'EM ADD, UH, WHENEVER COMES TIME FOR THEIR, UH, OKAY. 
          THEIR TURN IF THEY'D LIKE. 
          UH, IS THERE ANYTHING ELSE YOU WANNA POINT OUT? NO, I THINK THAT'S ALL. 
          I THINK I, I JUST THOUGHT SINCE WE ARE TALKING ABOUT THIS YEAH, YEAH, OF COURSE. 
          OF, OF THESE, UH, TOPICS, MAYBE THEY CAN, BECAUSE THEY'RE THE COMMITTEE MEMBERS. 
          AGREED. 
          AGREED. 
          ABSOLUTELY. 
          YEAH. 
          THANK YOU. 
          AND COUNCILMAN CORCORAN, I THINK YOU HAD YOUR LIGHT ON NEXT. 
          SURE. 
          BUT I'M SORRY. 
          UH, COUNCILMAN, SO WERE YOU DONE? YEAH. 
          OKAY, COOL. 
          COUNCIL MEMBER CORCORAN. 
          NOPE. 
          IT WAS, UH, IT WAS A VERY INTERESTING PRESENTATION AND REALLY EXCITING TO SEE ALL THE, THE GOOD PROGRAMS THAT OUR COMMUNITY COLLEGES ARE, ARE PUTTING TOGETHER. 
          I MEAN, IT'S, IT'S REALLY FASCINATING TO SEE HOW, IN MANY WAYS THEY'RE BECOMING A TRUE ALMOST ALTERNATIVE OR, OR LIKE A REAL, LIKE EQUAL SUPPLEMENT TO A FOUR YEAR DEGREE, AN INTEGRAL PART OF IT, IF YOU WILL. 
          SO IT WAS GOOD. 
          YEAH. 
          UM, COUNCIL MEMBER BARRIOS AND I HAD A, UH, THE OPPORTUNITY TO ATTEND THE, UM, LEADERSHIP NORTH TEXAS, UH, KICKOFF RECEPTION FOR THE SUPPLEMENT CLASS, WHICH I'M, I'M PART OF, AND OF COURSE, HE'S AN ALUMNI FOR, AND SO IT WAS REALLY COOL TO NETWORK WITH A BUNCH OF OTHER PEOPLE. 
          SOME OF OUR CITY STAFF WERE THERE AS WELL. 
          UM, I THINK DANIEL HERRICK AND OUR TRANSPORTATION DEPARTMENT IS A MEMBER OF EMERGING LEADERS OF NORTH TEXAS. 
          AND SO IT'S JUST GREAT TO HAVE RICHARDSON REPRESENTED ALL OVER THE METROPLEX AND DIFFERENT LEADERSHIP ORGANIZATIONS. 
          UH, THANKS FOR BOTH Y'ALL, UH, ALL THREE OF Y'ALL, UH, WORKING ON THE EDUCATION COMMISSION AND, AND CONGRATULATIONS ON LEADERSHIP NORTH TEXAS, UH, IN GETTING THAT STARTED. 
          COUNCIL MEMBER JUSTICE. 
          UH, THANK YOU, MAYOR. 
          UH, THIS PAST WEEK, UM, THE COMMUNITY INCLUSION AND ENGAGEMENT COMMISSION AND THE BICYCLE PEDESTRIAN ADVISORY COMMITTEE HAD 
          [02:20:01]
A JOINT MEETING. 
          I DON'T KNOW FOR SURE, GREG, AND, UH, I WERE TALKING ABOUT THIS MIGHT BE THE FIRST TIME THAT WE'RE AWARE OF THAT TWO COMMITTEES HAVE HAD A JOINT MEETING. 
          I LOVE IT, USUALLY WITH COUNCIL. 
          UM, IT WAS VERY INTERESTING. 
          THERE WAS SYNERGY THERE AROUND TRAINING, AND IT WAS, UM, UH, CHRISTY AVALOS FROM THE ACCESS OLOGY CAME AND TALKED ABOUT THE, UM, THE IMPORTANCE, UM, OF THE A DA AND THE IMPACTS OF THE A DA AND, AND, UH, AND THE ACCESSIBILITY COMMUNITY. 
          AND SO, UM, I WAS FASCINATED. 
          I THOUGHT IT WAS A FANTASTIC PRESENTATION. 
          SHE TALKED ALL ABOUT SORT OF WAYS THAT, YOU KNOW, IT'S IMPORTANT TO, TO, UM, INCORPORATE, UM, ACCESSIBILITY THINKING AS WHEN YOU ARE BUILDING A FACILITY. 
          I TALKED TO MR. MAGNA THE OTHER DAY ABOUT, YOU KNOW, MAYBE WE NEED TO CONSIDER THAT FOR CITY HALL, JUST VERY MINOR CHANGES. 
          SHE POINTED OUT, YOU CAN MAKE, SUCH AS CHANGING THE TEXTURE OF FLOORING OUTSIDE OF RESTROOMS. SO FOLKS THAT, UM, YOU KNOW, MAYBE, UH, SITE IMPAIRED WILL KNOW THAT THEY'VE REACHED THEM, HAVING RESTROOMS ON THE SAME SIDE, UM, OF EVERY FLOOR. 
          YOU KNOW, THOSE SORTS OF THINGS THAT ARE REALLY SMALL, UM, BUT MAKE A MASSIVE IMPACT FOR THOSE WHO, WHO NEED THAT. 
          SO IT WAS A REALLY SORT OF INSPIRING PRESENTATION, UH, AND INFORMATIVE. 
          UH, AND THEN THIS COMING THURSDAY, THE COMMUNITY INCLUSION AND ENGAGEMENT COMMISSION HAS THEIR REGULAR MEETING, UH, ON THURSDAY, UM, FOR, SO THEIR OWN AGENDA, UM, NOT TRAINING. 
          SO, UH, ANYONE WHO'S INTERESTED, IT'S OPEN TO THE PUBLIC. 
          THANK YOU FOR THE UPDATE. 
          THE NEXT LEVEL WOULD BE THREE COMMISSIONS, UH, MEETING ALL AT THE SAME TIME. 
          UH, MAYOR PRO, TAM HUTCHEN RIDER. 
          UM, SOMETHING HAPPENED ON FRIDAY THAT I JUST THOUGHT WAS VERY INTERESTING. 
          SOMETIMES PEOPLE, YOU KNOW, EVERYONE WANTS THAT IMMEDIATE QUICK, UM, RESPONSE. 
          BUT I WATCHED SOMETHING THAT HAS TAKEN 10 YEARS LITERALLY TO CREATE, AND I REMEMBER BACK IN 2015 WHEN CHARLIE CHEN WAS THE CHAIRMAN OF THE RICHARDSON CHAMBER OF COMMERCE, AND IN, AND, OR 2015, EXCUSE ME, I THINK I SAID 20 10, 20 15. 
          UM, AND CHARLIE STARTED DISCUSSING, TRYING TO CREATE AND, UM, INNOVATION, UM, CENTER INNOVATION PLAN, AND BE ABLE TO START, TO MY WORDS, SELL IT TO VARIOUS, UM, INTERNATIONAL FOLKS. 
          AND ON FRIDAY, WE HAD THE OPPORTUNITY TO SEE THAT COME, WHAT I WOULD CONSIDER TO FRUITION, UM, AFTER 10 YEARS, BECAUSE WE HAD A GREAT, UM, OPPORTUNITY TO SPEND TIME WITH THE, UM, T-A-I-T-R-A DELEGATION, WHICH IS THE TAIWANESE, UM, BUSINESS DELEGATION. 
          UM, THAT WAS AT OUR, UM, IQ HQ, OUR MAYOR, AND DON AND JOE, I ALWAYS SCREW HIS NAME UP. 
          PANIO PANIO, THANK YOU MAYOR, UM, FROM UTD DID AN OUTSTANDING, UM, EXPLANATION OF WHY, UM, INTERNATIONAL BUSINESS SHOULD BE FOUNDED HERE IN RICHARDSON. 
          UM, AND I WAS VERY PROUD TO WATCH, KNOWING THAT I WAS ON THE CHAMBER BACK IN 2015, WATCHING CHARLIE PROPOSE THAT BACK IN 2015 AND WORK START, AND NOW TODAY IN 2025, SEE THAT CULMINATION. 
          SO WANTED TO MENTION THAT. 
          BIG, BIG KUDOS TO CHARLIE, UM, ALL OF THAT TEAM TO OUR ECONOMIC DEVELOPMENT TEAM, UM, DON TO YOU AND YOUR TEAM, OUR MAYOR, UM, AND TO UTD. 
          UH, JUST A REALLY, REALLY EXCITING DAY TO WATCH THAT ALL COME TOGETHER IN FRUITION AND, AND SEE WHAT I THINK COULD BE SOME REALLY HUGE OPPORTUNITY TO SEE, UM, TAIWANESE INVESTMENT. 
          I KNOW MARY, YOU'RE GONNA GO, AND YOU'LL PROBABLY TALK MORE ABOUT THIS. 
          I WON'T STEAL YOUR THUMB THUNDER, BUT, UM, YOU KNOW, JUST SEE SOME REAL INVESTMENT IN OUR COMMUNITY FROM THE, FROM THE TAIWANESE NATION. 
          SO THANK YOU. 
          YEAH, I, I'M, I'M GLAD YOU BROUGHT IT UP. 
          UH, UH, SO, AND I'VE, I'LL, I'VE LOST TRACK OF DAYS, SO I'LL JUST SAY THAT, UH, LAST WEEK THERE WAS, UH, A TAIWAN EXPO THAT ACTUALLY TAIWAN USA EXPO THAT HAPPENED, I THINK THE DAY OR TWO DAYS BEFORE, UH, THE MEETING THAT YOU WERE MENTIONING, MAYOR PRO TEM, UH, IF I REMEMBER, COUNCIL MEMBER DORIAN, UH, COUNCIL MEMBER SCHUL, AND I BELIEVE COUNCIL MEMBER BARRIOS, UH, STOPPED IN, AM I MISSING ANYONE? DID YOU MAKE IT? UH, NO, UH, UH, TO THE, UH, TAIWAN EXPO. 
          OKAY. 
          I WAS LOOKING AT YOU, JOE, BUT, UH, NO, I'M SORRY. 
          OKAY, PERFECT. 
          UH, BUT, BUT, OKAY. 
          SO, SO, UM, A, A GREAT, A GREAT GROUP OF FOLKS FROM RICHARDSON SHOWED UP. 
          UM, I HAVE TO SAY, INCREDIBLY IMPRESSIVE TO SEE WHAT THEY WERE DOING, UM, UH, AND GETTING THE CHANCE TO MEET THEM. 
          UH, I KNOW, UH, UH, A FEW OF US GOT A CHANCE TO WORK AROUND AND, AND TALK TO SOME OF THE EMERGING TECHNOLOGIES AS WELL AS SOME KIND OF INTERESTING RETAIL, UH, UH, UH, INVESTORS THAT ARE LOOKING TO BRING KIND OF TAIWANESE FAMILY ENTERTAINMENT TO, UH, UH, TO THE MASSES. 
          UH, BUT JUST SOME REALLY COOL OPPORTUNITIES AND, AND, UH, EXCITING STUFF THERE. 
          THEY ARE INCREDIBLY BULLISH ABOUT INVESTING, UM, IN THE US. 
          AND SOME OF IT KIND OF TIES RIGHT BACK TO THE WHOLE CON CONVERSATION ABOUT, UH, COUNCIL MEMBER SHA SEWELL TARIFFS AND THERE BEING SOME WINNERS AND SOME LOSERS. 
          UH, WELL, IN THAT CASE, THERE'S A SCENARIO WHERE, UH, 
          [02:25:01]
A LOT OF THESE TAIWANESE, TAIWANESE COMPANIES ARE LOOKING TO, UH, TO DO INVESTMENT OUT, OUT IN THESE PARTS. 
          UH, I GOT TO TAKE PART, UM, IN A TAIWAN KNIGHT THAT HAPPENED A LITTLE BIT AFTER THE EXPO LATER THAT EVENING, WHICH WAS ANOTHER EXCEPTIONAL OPPORTUNITY TO, UH, REALLY GET TO KNOW SOME OF THE DIFFERENT COMPANIES AND DIGNITARIES THERE. 
          UH, AND I FELT LIKE BY THE TIME WE GOT TO THE IQHQ, I HAD ALREADY BECOME OLD FRIENDS, UH, UH, UH, WITH CHAIRMAN WONG WHO, UH, OF TTRA WHO, UH, WAS, UH, THE GENTLEMAN WHO, UH, CHARLIE HAD INTRODUCED. 
          UM, AND HE'S INCREDIBLY EXCITED ABOUT HOSTING ME WHEN I GET OUT THERE AND, AND VISITING ME AT HIS OFFICES. 
          SO I THINK, I THINK IT'S ALL KIND OF COMING TOGETHER IN A REALLY NEAT AND INTERESTING WAY. 
          UH, THE LAST THING I WANNA MENTION, AND IT'S ABOUT A WEEK AND A HALF OUT, BUT IT'S AN ANNUAL THING THAT WE DO. 
          AND SO, SO IMPORTANT AND TO ALL OF US WHO NEED TO BOOK THINGS OUT, AT LEAST, UH, UH, 10 DAYS. 
          UH, WE DO HAVE RICHARDSON REAL HEROES, UM, COMING UP, ANOTHER TWO EXCEPTIONAL PEOPLE THAT ARE GONNA BE, UM, UH, FEATURED, UH, AS WELL AS, UH, UH, AS ALWAYS KIND OF A HAT TIP TO EVERYONE ELSE WHO'S BEEN DOING REALLY GREAT THINGS AROUND THE COMMUNITY. 
          UM, DEFINITELY ENCOURAGE ANYONE WHO'S NOT BEEN TO IT, TO, TO MAKE IT OUT. 
          AND, AND THOSE OF US WHO HAVE, UH, YOU GOT A 10 DAY NOTICE THAT, UH, I THINK IT'S NEXT THURSDAY, UH, AT THE EISMAN CENTER, AND IT IS FREE. 
          UH, BUT THE ENTERTAINMENT AND THE, UM, GREAT FEELINGS, UH, ARE PRICELESS. 
          SO, UH, IF THERE IS NOTHING ELSE, I'LL GO AHEAD AND MOVE FORWARD TO, UH, WITH NO FURTHER BUSINESS. 
          THIS MEETING IS ADJOURNED AT 8 26.
* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.