Title
Amending the spending and financing plans for the STAR program.
Body
WHEREAS the COVID-19 pandemic has negatively impacted City revenues including Sales Tax revenues in calendar year 2020; and
WHEREAS the COVID-19 pandemic has increased City expenditures to respond and recover from the pandemic; and
WHEREAS in 2020 the City incurred in unanticipated expenses due to community civil unrest following the murder of George Floyd; and
WHEREAS City departments have made operational adjustments to spend less than their allocated 2020 budget to provide budget solutions to address the City’s current financial situation; and
WHEREAS, the Mayor, pursuant to Section 10.07.3 of the Charter of the City of Saint Paul does certify that the revenue available will be insufficient to meet amounts anticipated in the 2020 STAR budget as indicated in the attachment; and
THEREFORE BE IT RESOLVED, by the Council of the City of Saint Paul, upon recommendation of the Mayor, that the STAR budget, as heretofore adopted and amended by this Council, be hereby further amended in the particulars as specified in the attached financial analysis.
Financial Analysis
See Attachment.