Overview
- The mayor said the next city bond is expected to total about $600 million, down from $1.2 billion in 2022, and called for “ruthless prioritization.”
- She linked the smaller plan to “flat” property tax revenue after more households claimed homestead exemptions, which limits how much the city can borrow without raising the rate.
- Her target areas for bond spending include flood control, streets and sidewalks, economic development, and downtown projects.
- She set near-term aims to protect public safety and health services, commission a report to guide early childhood and child care, and improve veterans’ access to rentals where vouchers are often refused.
- She highlighted a Toyota Field agreement tied to a failed MLS bid that requires a $5 million repayment if no team arrived in five years and said the city manager and attorneys should handle collection.