Variety of departmental and citywide solutionses including differing funding for our it capital and equipment investment. Looking ahead, youll remember that all of our twoyear all of our budgetses this year are open. So, we have fixed twoyear departments, the puc, the port, the mta, and the airport, and all of our other departments will also be open for the next two years. Well also be negotiating new labor contracts with all of our bargaining units except for the police and firefighters, and we know that the economy as well as the state and federal government will likely continue to have an impact on how we balance our budget overall this year. This slide gives you a summary of whats changing since we balanced the budget last year, and whats on the revenue and expenditure side. Youll see tax revenue improvement in both years, changes in our fund balance, and relatively significant changes on the outlook for the Health Departments revenues. On the expenditure side, the major change is
[speaker not understood], affect our health care costs. The next thing is going to be how our rents are going up and we cannot simply continue to provide services as they are now unless something is done about the cost of living increase. We asked the mayor to fund the cpi this year. We would prefer to take it out of the annual politicized process and have it be something that the city would ultimately institutional eyes through some mechanism so those increases could happen in a rational way through multiyear contracts and automatic escalators. That is something done in every other kind of contract the city has, whether its city leases or supply contracts or forprofit contracts erg. Theres no reason why nonprofits should be treated differently and we hope the Mayors Office come to you before the budget comes to you. We hope to have your support there. Thank you very much. Anybody else wish to comment . Thank you, supervisor. My name is richard heasley, im on the Steering Committee on
[speaker not understood] raising the minimum wage, [speaker not understood], affect our health care costs. The next thing is going to be how our rents are going up and we cannot simply continue to provide services as they are now unless something is done about the cost of living increase. We asked the mayor to fund the cpi this year. We would prefer to take it out of the annual politicized process and have it be something that the city would ultimately institutional eyes through some mechanism so those increases could happen in a rational way through multiyear contracts and automatic escalators. That is something done in every other kind of contract the city has, whether its city leases or supply contracts or forprofit contracts erg. Theres no reason why nonprofits should be treated differently and we hope the Mayors Office come to you before the budget comes to you. We hope to have your support there. Thank you very much. Anybody else wish to comment . Thank you, supervisor. My name i
A financial perspective is the cost of our salaries and Fringe Benefits growing about 100 million 100 million this year and next year the same staff that we have today. Our Capital Budget growing by 26 million and then 36 million, citywide order include things like the cost of power that the puc provide, cost of water, those sorts of things. I do want to delve a bit more into the specifics of our labor costs. This slide gives you some greater detail about whats happening both on the salary side as well as benefits. The first two lines are showing you the impact of additional positions that were added in the budget last year. The second line is showing you the impact prior year colas. So, you will remember that this year in the current year the mass majority of employees are receive the equivalent of a 1. 75 raise spread into three payments of 1 , 1 , and 1 . That annualizes to 3 . So, the gaff youre seeing 2 the second year. The impact is retirement and health and dental increases. The