The Budget Finance and Audit Standing Committee convened on October 22, 2025, to review financial reports, property tax exemptions, public safety funding, and neighborhood development initiatives. The committee received updates on the city's fiscal health, including a discussion of revenue shortfalls and the establishment of a corporate income tax reserve fund. Public commenters addressed retirement benefits, transparency regarding zoning changes, and the operations of the Land Bank board. Key outcomes included the approval of resolutions to send items to formal for public hearings, the authorization of additional funding for Community Violence Intervention (CVI) groups, and the scheduling of a hearing for the Bagley Neighborhood Enterprise Zone expansion.
Corporate Income Tax Reserve Fund & Financial Report (Line Item 6.4)
Property Tax Exemptions (Lines 6.2 & 6.3)
Public Safety Funding & CVI (Line Item 6.6)
Neighborhood Enterprise Zone Expansion (Line Item 6.5)
Willis Street Apartments PILOT Program (Line Item 6.7)
Councilmember Fred Durhall. Present. Councilmember Coleman Young. Councilmember Gabriela Santiago Romero. Present. Mr. Chair, we have quorum. Thank you, Madam Clerk, and good afternoon to you. Next, we will move to approval of the minutes. Members have been provided the minutes from last meeting. Is there a motion to do so? Motion. Here, no objections. That action shall be taken. We'll go directly into public comment. Each member of the public will have two minutes for public comment. We ask that you state your name for the record, then proceed. Seeing no members of the community here in the committee of the whole, we'll go directly to virtual public comment. Good afternoon. Mr. Payne, how many callers do we have today? Good afternoon, Mr. Chair and Honorable Committee members. We have four hands raised. Okay, and we are getting ready to close off public comments. So again, if you wish to participate uh on public comment uh virtually via the Zoom feature, please raise your hand now. Public comment is getting ready to close. Public comment going once, public comment going twice, public comment going three times. Public comment is now closed. Who is our first caller, Mr. Payne? Mr. Chair, our first caller is William M. Davis. Mr. William M. Davis, you have two minutes for public comment. Please state your name for the record and proceed. Mr. Davis, are you there? Okay, I just got unmuted. Can I be heard? You may, sir. Okay. Um, I think it should be a greater effort uh to make sure city retirees are eligible for any and every type of program that's available. And also city retirees that live inside the city of Detroit should get extra um allowance as it relates to paying our property taxes. Uh also I think a greater effort needs to be made to make sure everybody is aware of the hope, hope exemptions and know-how and what hope is all about. And um that's it for the day. Thank you. Thank you, Mr.