TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
|
Finance |
Kelley Cochran |
425-556-2748 |
DEPARTMENT STAFF:
|
Finance |
Haritha Narra |
Financial Planning Manager |
TITLE:
title
Public Hearing on Proposed 2025-2030 Capital Investment Program (CIP) and Business Technology Investment Program (BTIP)
OVERVIEW STATEMENT:
recommendation
This is the first of four public hearings related to the 2025-2026 budget. The purpose of this public hearing is to gather feedback on the proposed 2025-2030 Capital Investment Program and Business Technology Investment program, the first two years of which will be incorporated into the 2025-2026 budget that is currently being developed.
body
☐ Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
☒ Receive Information ☐ Provide Direction ☐ Approve
REQUEST RATIONALE:
• Relevant Plans/Policies:
N/A
• Required:
The City is required to hold at least three public hearings during the budget development process: 1) property taxes and other revenue sources; 2) preliminary budget; and 3) final budget. Because the Capital Improvement Program and Business Technology Investment Program are critical components of the budget development process, a fourth public hearing is dedicated to these programs.
• Council Request:
N/A
• Other Key Facts:
N/A
OUTCOMES:
N/A
COMMUNITY/STAKEHOLDER OUTREACH AND INVOLVEMENT:
• Timeline (previous or planned):
N/A
• Outreach Methods and Results:
N/A
• Feedback Summary:
N/A
BUDGET IMPACT:
Total Cost:
N/A
Approved in current biennial budget: ☐ Yes ☐ No ☒ N/A
Budget Offer Number:
N/A
Budget Priority:
N/A
Other budget impacts or additional costs: ☐ Yes ☐ No ☒ N/A
If yes, explain:
N/A
Funding source(s):
N/A
Budget/Funding Constraints:
N/A
☐ Additional budget details attached
COUNCIL REVIEW:
Previous Contact(s)
|
Date |
Meeting |
Requested Action |
|
2/13/2024 |
Committee of the Whole - Finance, Administration, and Communications |
Provide Direction |
|
2/27/2024 |
Study Session |
Provide Direction |
|
3/19/2024 |
Committee of the Whole - Public Safety and Human Services |
Provide Direction |
|
4/9/2024 |
Committee of the Whole - Finance, Administration, and Communications |
Provide Direction |
|
4/23/2024 |
Study Session |
Provide Direction |
|
5/28/2024 |
Committee of the Whole - Parks and Environmental Sustainability |
Provide Direction |
|
6/11/2024 |
Committee of the Whole - Finance, Administration, and Communications |
Provide Direction |
|
6/25/2024 |
Study Session |
Receive Information |
|
7/9/2024 |
Committee of the Whole - Finance, Administration, and Communications |
Receive Information |
|
7/9/2024 |
Study Session |
Provide Direction |
Proposed Upcoming Contact(s)
|
Date |
Meeting |
Requested Action |
|
8/13/2024 |
Committee of the Whole - Finance, Administration, and Communications |
Provide Direction |
Time Constraints:
N/A
ANTICIPATED RESULT IF NOT APPROVED:
N/A
ATTACHMENTS:
N/A