TACOMA'S BUDGET IN THE TIME OF COVID-19: AN INTERACTIVE WORKSHOP 1 - - PowerPoint PPT Presentation

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TACOMA'S BUDGET IN THE TIME OF COVID-19: AN INTERACTIVE WORKSHOP 1 - - PowerPoint PPT Presentation

Sep 05, 2023 185 likes •292 views

TACOMA'S BUDGET IN THE TIME OF COVID-19: AN INTERACTIVE WORKSHOP 1 AGENDA Strategic Priorities Commitment to Anti-Racism Budget Overview Balancing Act Interactive Workshop 2 WHATS A GOOD BUDGET Leads with Equity and

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TACOMA'S BUDGET IN THE TIME OF COVID-19:

AN INTERACTIVE WORKSHOP

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AGENDA

  • Strategic Priorities
  • Commitment to Anti-Racism
  • Budget Overview
  • Balancing Act – Interactive Workshop
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Leads with Equity and Anti-Racism Establishes Alignment with Organizational Goals Focuses on Results & Outcomes Given Available Resources Incorporates Long Term Perspective Promotes Fiscally Responsible Actions by Staff Involves & Promotes Effective Communication with Community

WHAT’S A GOOD BUDGET

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Prioritize in Budget and Recovery

  • Keep anti‐racism as a top

priority in the process of budget development and prioritize anti‐racism in our COVID-19 economic recovery strategy

Evaluate and Transform Services

  • Prioritize anti‐racism in

both the evaluation of new policies and programs as well as transforming existing services, with initial priority of policing;

Build Legislative Platform

  • Work with the City Council

to build a legislative platform at the local, state, and federal level that transforms institutions impacted by systemic racism.

COMMITMENT TO ANTI-RACISM

  • Directs the City Manager to:

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  • Resolution 40622 affirms the City Council’s dedication and commitment to comprehensive

and sustained transformation of all institutions, systems, policies, practices, and contracts impacted by systemic racism, with initial priority given to policing. As well as, establishing new practices, centering the voices of those most impacted by systemic racism.

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BUDGET STRUCTURE – 2019-2020

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$1.883 B $3.51 B

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FORECAST – PRELIMINARY COVID IMPACTS

$150 $170 $190 $210 $230 $250 $270 $290 $310 2021 2022 2023 2024 2025 2026

Millions

Revenue Expense

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  • $32M

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  • $35M

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  • $36M

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  • $38M

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  • $40M

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  • $44M
  • Dependent on Epidemiological Progression, Closures and Response Efforts,

Community Support Tools, General Economy

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BALANCING ACT – INTERACTIVE WORKSHOP

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TACOMA'S BUDGET IN THE TIME OF COVID-19:

AN INTERACTIVE WORKSHOP