12-19-1994 CC - Laserfiche WebLink

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recommending HACA/LGA reductions to fund education reform. The final report is due at the end of January, but few belief their recommendations will change. The House has also appointed a committee to review education funding (K-12) . They have met three times and early indications are that they agree that HACA is an appropriate funding source for education funding. The budgetary caps placed on K-12 spending may be reviewed as part of the reform package. Eliminating the caps could result in over $700, 000, 000 in increased State costs. The recent bank settlement that the State faces means an estimated $-150, 000,000 will have to be_paid_-out over the next biennium. While the current surplus is estimated to be $190, 000, 000, State officials appear not to be looking at the surplus as the funding path to be taken to pay the settlement. What does all this mean to us? I wish I knew. What I suspect is action by the Legislature to shift HACA and, quite possibly, a portion of LGA to K-12 funding. That's the obvious part of the equation. The not so obvious part is what mechanisms they will allow cities to recoup the lost revenue. Needless to say, this upcoming Legislative session will be interesting and challenging. Our attention to their actions will have to be even greater than in the past because so very much is at stake and as stakeholders, we must alert them at every turn to the impact their decisions have on cities. 1994 Budget Rollovers Consistent with past practice, staff has determined that there are a few items that could not be purchased in 1994, due to a variety of factors (which have been outlined in the staff reports for this Agenda item) . Several of the items are dependent on the computer and information management analysis that will be conducted in early 1995. A few of the items relate to the final changes to complete the City Hall remodeling project. If you have questions on any of the proposed rollover items, please call staff. December vacation schedules On behalf of the entire staff, I would like to thank the members of the Council for their kind consideration of December vacation schedules. Changing the last meeting in December to this Monday and eliminating the January Work Session gives the entire staff a very nice "breather" . Not having a Work Session agenda to prepare the week between Christmas and New Year's means a great deal to a lot of us who have worked long hours this year.