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| | | | Meeting convened at 1:46 p.m. | | | |
Roll call
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Video
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| | | | Individuals also present:
Minutes note: Martin Matson, Comptroller
Dennis Yaccarino, Budget Director
Dana Zelazny, Legislative Reference Bureau
Rocky Wruck, Special Deputy Comptroller | | | |
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180001
| 0 | 1. | Budget | Communication from the Mayor relating to the proposed 2019 budget.
Minutes note: -Strong Neighborhoods Program and other Major Initiatives
Individuals appearing:
Irma Yepez-Klassen, Mayor's Office
Maria Prioletta, Dept. of City Development
Larry Kilmer, Dept. of City Development
David Sivyer, Dept. of Public Works
Amy Turim, Dept. of Public Works
Strong Neighborhoods Program Budget Overview and Presentation:
Strong Neighborhoods Plan, Tax Delinquent Accounts, In Rem Tax Foreclosure Filings & Acquisitions, In Rem Tax Foreclosure Redemption Rate, City Owned Improved Property Inventory and Sales, Change in Residential Assessed Value, SNP Performance and Goals, Compliance & STRONG Homes Loans, Neighborhood Beautification & Fondy Park Improvements, SNP 2019 Budget Appropriations, STRONG Neighborhoods Plan 10,000 Household Initiative: Goals & Sample Projects | NOT ACTED ON | | |
Action details
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Video
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180001
| 0 | | Budget | Communication from the Mayor relating to the proposed 2019 budget.
Minutes note: -Mayor's Office
Individuals appearing:
Thomas Bell, Budget Office
Paul Vornholt, Mayor's Office
Aaron Szopinski, Mayor's Office
Mayor's Office Budget Overview:
Summary, Major Budget Changes | NOT ACTED ON | | |
Action details
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Video
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180001
| 0 | | Budget | Communication from the Mayor relating to the proposed 2019 budget.
Minutes note: -Municipal Court
Individuals appearing:
Eric Pearson, Budget Office
Sheldyn Himle, Municipal Court
Judge Derek Mosley, Municipal Court
Sue Eckhart, JusticePoint
Municipal Court Budget Overview:
Community Goals and Objectives, 2019 Budget Summary, Special Purpose Accounts, Revenues, Municipal Court Cases & Revenue, Budget Issues | NOT ACTED ON | | |
Action details
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Video
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180001
| 0 | | Budget | Communication from the Mayor relating to the proposed 2019 budget.
Minutes note: -Deferred Compensation
Individuals appearing:
Beth Conradson Cleary, Deferred Compensation
Adria Campbell, Voya Financial
Nicholas Sinram, Budget Office
Deferred Compensation Budget Overview and Presentation:
Mission Statement, Objectives & Strategies of the DCP, 2019 Budget Summary, Deferred Compensation Plan Assets in Millions, Participants, Summary Plan Data, Recent Accomplishments, Financial Wellness Seminars, Recipient of 2018 National Leadership Awards, Review of Plan Design Changes, Measuring Results: Gender Analysis, Race Analysis, Asset Allocation Impact, 2019 Plan Goals | NOT ACTED ON | | |
Action details
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Video
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180001
| 0 | | Budget | Communication from the Mayor relating to the proposed 2019 budget.
Minutes note: -Employees Retirement System
Individual appearing:
Molly King, Budget Office
Bernard (Jerry) Allen, Employees' Retirement System
ERS Budget Overview:
Budget Data, Pension Fund Status January 1, 2018, Changes to 2018 Plan Reset, 2019 Pension Contribution, Future Pension Payments, Employer Pension Contributions Trends 1996-2019 Projection, Fund Value of Assets: 2007 - June 30, 2018
ERS Presentation:
General Pension Statistics, CMERS Participant Headcount, Total Annual Member Contributions, Annual Member Contributions, CMERS Investment Performance History Periods Ending August 31, 2018, Investment Performance Compared to Public Fund Peers Periods Ending June 30, 2018, ERS 20 Year Rolling Ave. Investment Returns 1978-2017, Rolling Fund Returns 1979-2017, History of U.S. Bear & Bull Markets Since 1926, Active Management vs. Passive Analysis, Stable Employer Contribution Policy, Net Assets Available for Benefits, Portfolio Geometric Average Return, Probability of Achieving an 8.0% Return, Alternative Mixes: 30-Year Return Expectations, Public Fund Actuarial Discount Rates, 2018 COM Contribution - $69.164 Million, Deterministric Stress Test, A Look Ahead Five Years to Future Employer Contributions Beginning in 2022 | NOT ACTED ON | | |
Action details
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Video
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180001
| 0 | | Budget | Communication from the Mayor relating to the proposed 2019 budget. | HELD TO CALL OF THE CHAIR | Pass | 5:0 |
Action details
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| | | | Meeting adjourned at 4:27 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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