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| | | | Meeting convened at 1:07 p.m. | | | |
Roll call
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Video
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| | | | Also present:
Minutes note: Bill Christianson, City Comptroller
Nik Kovac, Budget Director
Kathy Brengosz, LRB Supervisor | | | |
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260001
| 0 | 1. | Communication | Communication from the Mayor relating to the proposed 2027 budget.
Minutes note: -Deferred Compensation
Appearing:
Tyler Calligaro, Budget Office
Beth Conradson-Cleary, Deferred Compensation
A Deferred Compensation presentation was given on the following 2027 Budget Summary, Salaries and Positions, Operating & Equipment Expenses, Special Funds and Special Purposes Accounts, Revenues, Org Chart, Mission Statement, Core Services, 2026 Major Updates - Department, Participation Rate, Average Savings Rate, Department Demographics, Board Demographics, National Recognized Award Winning Plan, Racial Equity & Inclusion, and Financial Wellness Impact.
There was inquiry and discussion on the contingency fund, annual enrollment (opting out, auto increase and rates, new employees and propationary period), vendor contracting (Voya contract, RFP bidding), and financial wellness program (participation).
Ald. Moore requested for data on employee participation in the financial wellness program. | NOT ACTED ON | | |
Action details
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Video
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260001
| 0 | | Communication | Communication from the Mayor relating to the proposed 2027 budget.
Minutes note: -Employes’ Retirement System
Appearing:
Bryan Rynders, Budget Office
Patrick McClain, ERS Executive Director
Larry Langer, Cavanaugh Macdonald Consulting, LLC
David Silber, ERS Chief Investment Officer
Daniel Gopalan, ERS Deputy Director
An Employes' Retirement System presentation was given on 2027 Budget Summary, Actuarial Projected CMERS Payments, ERS Summary Information, Retired Member Population is Increaseing, Pension Payments by Annuitant Geographic Area, CMERS Investment Performance History Periods Ending August 31, 2026, Investment Income is 73% of Revenue from 2019-2026, Fund Value of Assets 2007 - June 30, 2026, Summary of the Actuary's Comments, Benefit Payments Increased by 21.7% from 2019 to 2025, Employer Contributions have Increased as Discount Rate Declined, Act 12 was the Primary Cause of Contribution Increases Since 2023, Calendar 2027 City Contributions are Higher than Expected, These Future Results are Estimates; Actual Results are Determined by Future Valuations, Benefits are Expected to Peak in 20250 and Continue into the Next Millenium, and Future Returns Impact Contributions; Other Experience Will Impact As Well.
There was inquiry and discussion on rate of return, fund value, vacancies and staffing levels (reduction, experience study), office spaces and locations, disaster recovery data server, discount rate, technology upgrades, WRS system (contributions), professional services (increases), pension payments, contribution increases, salary increases impact on the pension | NOT ACTED ON | | |
Action details
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Video
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260001
| 0 | | Communication | Communication from the Mayor relating to the proposed 2027 budget.
Minutes note: -Health Department
Appearing:
Sarah Osborn, Budget Office
Mike Totoraitis, Health Dept. Commissioner
Aaron Szopinski, Health Dept.
Tyler Weber, Health Dept. Deputy Commissioner
A Health Department presentation was given on 2027 Budget Summary, Salaries and Positions, Operating & Equipment Expenses, Special Funds and Special Purpose Accounts, Revenues, Capital Expenses, Budget by Service, Organization & Functions, Programs & Performance, 2027 Significant Changes, 2027 Funding by Program, Key Performance Indicators, and Department Demographics.
There was inquiry and discussion on the doula program (contract services, funding, continuum of care and tiers, at risk doula preferences), immunizations and vaccinations (response, services offerings), medical billing, lead abatement (contract services, investigations and referrals, prevention, funding sources and grants, voluntary home registrations, Milwaukee Public Schools and other schools), health clinics (staffing levels, hours of operation), housing solutions for at risk populations (mental illness, collaboration with the County), Epic data protection, and health information on the City website (updating, contacts).
Ald. Coggs requested for detailed information regarding voluntary home registrations.
Ald. Burgelis requested for data on clients served through the health clinics and Milwaukee Public School facilities serviced with lead abatement. | NOT ACTED ON | | |
Action details
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Video
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260001
| 0 | | Communication | Communication from the Mayor relating to the proposed 2027 budget. | HELD TO CALL OF THE CHAIR | Pass | 5:0 |
Action details
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| | | | Meeting adjourned at 3:48 p.m.
Chris Lee, Staff Assistant
Council Records Section
City Clerk's Office | | | |
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| | | | This meeting can be viewed in its entirety through the City's Legislative Research Center at http://milwaukee.legistar.com/calendar. | | | |
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