Budget Committee

Remote

Council Member LaTrisha Vetaw, who chairs the Public Health & Safety Committee, moved adding to the agenda a proposed agreement between the police union and city. The agreement would draw from $19 million in state funds to pay eligible police officers $18,000 retention bonuses and $15,000 signing bonuses for new hires. Mayor Jacob Frey and MPD Chief Brian O’Hara have advocated for the deal as a way to replenish MPD’s ranks. On roll call, the motion failed, meaning that council members were not up for discussing it.

• Aye: Rainville, Vetaw, Goodman, Jenkins, and Palmisano (5)
• Nay: Payne, Wonsley, Ellison, Osman, Chavez, Chughtai, and Koski (7)
• Absent: Johnson (1)

The Committee received and filed 2023 quarterly Financial Status Reports on select city funds. The total book value of cash and investments, as of September 30, 2023, was $1.1 billion, or a decrease of 14% from September 30, 2022.