City Council Finance Committee – Oct 29, 2026

Public art and Land Bank funding. Members asked how the proposed calculation would change funding and whether the rules still match their original purpose. Staff said the proposal would increase contributions, and bonds would be issued only when the money is ready to be spent.

Bond term rule. Staff explained that the policy would allow some debt terms up to two years longer than an asset's useful life, mainly for bond bank loans to schools. Members asked about interest costs and were told the rule would apply only in specific cases.

School agreement with the city. Staff are documenting current city and school services, including their costs. Staff aim to finish by December, with committee discussion expected in January.

Police department and Expo Center. Members asked about the police department building design and site selection. Staff said the police project is further along, and the Expo Center project is behind it.

In-person meetings. Members supported returning to some in-person meetings, especially for budget discussions. Staff asked that hybrid options remain available for staff who prefer to attend remotely.