City Council - Regular Meeting

I guess one question that I would have that might just be helpful for clarification is, you know, if we go from 35% of a fund balance to 25% of a fund balance, you know, we have had some expenses, you know, like the 100-year rainstorm. We have some water infrastructure things that we need to do. So what is the risk? if we have a big ticket item that we need to handle like an emergency from having 35 versus 25%.

But that is something that we've had happen in the past where we've had to do major repairs

Can I ask another question kind of going along with what Tasha said about the sales tax? As we've seen in inflation, you know, over the last few years, you know, even before the big jump, was the increase of the sales tax revenue every year able to compensate for the inflation up until a certain point?

And then along with my other point about the fund balance and the rainy day fund, we could also dip into sales tax as needed when we were seeing those big increases, which we're not seeing anymore.

Yeah, well, I appreciate everyone who came out in person and who's online. I know people are busy and take time out to come express your thoughts and opinions and your concerns about this. Like Katherine said, it is really important to us. I do think that it might be helpful if we can Maybe if John could come back up and explain the different, the progressive and regressive taxes with sales tax and property tax, because I think there was a little bit of confusion about how those work. And then also, I think the mayor did a really good job of explaining that the property tax revenue does not in

So the difference between a regressive and a progressive tax.