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| | 1. | | Review and approval of the minutes of the October 2nd meeting.
Minutes note:
Mr. Nicolini moved, seconded by Mr. Korban, for approval of the minutes. There were no objections.
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| | 2. | | Further discussion and recommendations for the Mayor's Proposed 2016 Budget.
Minutes note: The committee discussed the 2016 Proposed Budget.
Mr. Froh said that the City should strive to finance more of its capital budget with cash instead of borrowing. Mr. Nicolini agreed that it would be preferable to have a larger cash component. He said the Administration has been able to reduce reliance on borrowing for some capital programs by using revenues, particularly revenues from the Sewer Maintenance Fund.
Ald. Bauman said that the 2016 Proposed Budget reflects many of the recommendations the committee has made in the past. Mr. Korban expressed support for the 2016 Proposed Budget, saying that it reflects many of the sentiments that were discussed here in the past.
Ms. Brengosz suggested revenue options for discussion. Ald. Bauman said alternate revenue options would be a good discussion for next year’s budget. Mr. Nicolini agreed that they will need to be considered at some point in the future.
Mr. Froh expressed support for the current paving strategy. He said that he has seen an improvement in the condition of the City’s streets. Ald. Bauman agreed. He added that the improvements that have been made have not been enough to change the perceptions of many residents. Mr. Korban said that street paving is not an overnight program. He acknowledged that it takes several years of serious commitment to make noticeable changes.
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