Minneapolis City — Transcript
3 Topics in This Document
Minneapolis Park and Recreation Board 2027-28 Budget and Levy Request
Authorization for Issuance of Refunding Bonds
Cost of Living Adjustment for BET Executive Secretary
▸Full Extraction
“the maximum levy you set is what provides the ceiling for the park board's property tax request. So it definitely uh directly affects whether we can maintain current levels within our organization for the Minneapolis residents and of course for the taxpayers.”
“Research from the National Recreation and Park Association and a comprehensive report by the Center for City Parks Excellence confirm that every dollar invested in public parks, committees see at least a $3 return in economic benefits.”
“establish and implement an organizationwide revenue strategy and by the end of 2030 develop maintain and publicly report on progress of an organizationwide revenue development ment strategy that increases the total nonpropy tax revenue by 20% or 4.3 million in the general fund and 8% or 1.4 million in our enterprise fund with the overall goal of reducing the property tax share of the MPB's operating budget.”
“the city property taxes has increased over the last decade or or what have you by 40% more um than the park board. Um, so we are already kind of operating as a pretty lean organization and uh in fact, you know, really just recently got to staffing levels that were pre Great recession.”
“the investment would be about 170,000 and the park board currently receives if you cost it uh volunteer services in the area of 700,000 from the 40 or so natural resources caretaker agreements it has.”
“We do estimate approximately uh $1.9 million in interest cost savings right now. Uh where we to refund these uh about twothirds of that is on the capital improvement plan bond portion. Uh that's the public service building. And then a third of th those savings would be recognized in the solid waste uh enterprise fund um related to the east side storage facility.”
“I believe the refunding is of a financing that preceded your time on the job as well as the elected times of anybody here on the board. Um, if this were a funding resolution, I would be voting against it because I resent the fact that the U city did an end run around the uh public and uh click when it came to getting approval for the um public services center. I realize there are mechanisms in state law that allow that to happen, but I am not one to stand in the way of 1 almost $2 million in savings from a brief funding. And I just wanted to get that on the record.”
“this happened uh through no fault of the board, no fault of Miss Kaiderling uh who was early in the year trying to ascertain her status and um uh it actually happened because the city made bro no provision in its HR department for an adjustment in this position uh for cost of living.”
“I can say that this has been reviewed and that the judgment is that a cost of living adjustment cannot be made retroactive.”