The Assembly Finance Committee convened on December 1, 2025, to discuss a diverse array of agenda items ranging from property tax exemptions to significant budget allocations for dockage fees, the Fourth of July fireworks display, and legislative capital priorities. The session also included updates on assembly grants, the formation of a new visitor industry task force, and a preview of an upcoming retreat focused on the FY27 budget process. Key discussions centered on liability management, revenue allocation nexus, and prioritizing housing and safety projects within the capital improvement plan.
We will bring the Assembly Finance Committee to order for December first, twenty twenty-five. And I believe we will have Ms. Wall on Zoom that will work with that. Would you call Roll. Thank you, Mayor Weldon. We have all assembly members present in chambers, besides Assemblymember Wool, who is available on Zoom, and Assembly Member Smith, who is absent. Going to approval of minutes. Any objection? See none, those minutes are approved, which leads us to agenda topics, and I'm going to make one slight difference. Kind of in things that are alike. So the first grouping are things that you don't actually get to control. Those are exemptions that exist by another body, which is passed down to you. The only element in this grouping that you do control is with respect to the senior and disabled veterans, state mandated property tax value reduction. There is a deadline by which people need to file for that. Those who file past that submit are submitted to you for approval. And so your decision to approve them or not in that current year in which they submit is completely at your discretion. But if they file timely, they are granted that exemption. The next grouping is everything that is a credit or rebate that's based on a dollar threshold. Most of these don't have an inflator involved or a sunset time or a reset prescribed in code. Many of these haven't been touched in years. And so this is an area where we can certainly look at various items. I will say number 10 on the list, the dollar cap on a sale of a single good or single service. Just before I came down from for this meeting. Because it gets adjusted every even year. So January 1 of 2026, it would be adjusted. The next group is credits or rebates that are on a series of properties that don't follow kind of the normal home titling process. So we've got motor vehicles, vessels. These are items which when they're sold, don't go through the state for titling purposes. Number 14 in here is just an item that we as staff struggle with, and so we wanted to include it on the list. Manufactured homes are taxed as real property, just like other homes, other property, but they are not titled through the state regular natural resources. Rather, they go through Department of Motor Vehicles. And so we often find ourselves in cases where we end up with delinquent taxes with somebody who's a new owner, and they change titles ship at DMV but never inform the city. So we don't have that same route of information. In 24, just a stat that I had available. Manufactured homes that are in a mobile home park represented 467,000 worth of property taxes. So we're not talking about a huge property tax value. The next set of exemptions, 15 through 17, deal with health or other areas of required expenses in our journey of life. So medical type things and burial type things. So where the property doesn't stay here or may not even originate here, but flows through the city on its journey to its end location. The next the last group on page 12 of the packet are a series of exemptions and credits that are related to economic development. So most of these are real property. And then the 31 through 47 is a whole host of things that just aren't like the others, and so they ended up in a popori group at the end. Just a group of random various things that we have as exemptions and credits. So with that, Madam Mayor, I'm I'm happy to answer questions. Thank you. Huscanys, Mr. Steininger, and myself. So just to give you an idea how deeper diving into it, I think we put up to about four hours now, almost close to four hours of work. So if you have anything specific, um send it to Ms. Flick's way, and if it's something different than what we've already looked at, then we will figure out a way to air it publicly before we because we are a group of three, but um I'll take any general questions at this time.