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Presentation #20
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05/04/2021 Regular
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Presentation #20
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5/7/2021 2:14:13 PM
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5/6/2021 11:09:25 AM
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City Clerk
Item #
20
Date
5/4/2021
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Fiscal Year 2021 10 include anything for future labor negotiationsnot Draft budget does•Scheduled increase of Pension Debt payment included, but refinancing savings not yet included•Citywide <br /> Text Communication PlatformNEWPark Facility Attendants and NEW •Train Station recurring subsidy included•recovery is included21, but only partial revenue -Spending restored for pandemic <br /> related reductions during FY20•Redistricting cost•Contract increases (e.g. OCFA, Ambulance, previously bargained wage increases, etc.)•Mandated cost increases are included•21 freeze)-gap <br /> (roughly half the scope of FY20Proposed hiring freeze will close the •Reserve requirement)$12.8 million (in excess of Policy Fund balance at June 30, 2021 is available General Estimated <br /> •Structural deficit of $14+ million•General Fund Budget Discussion2022 - <br /> <br />
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