Business Retention and Development Committee Minutes 2009 03 02

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City Council Business Retention & Development Committee Meeting Minutes March 2, 2009 Page 3 of 3 Menaker noted that this presentation sounds as though the City is doing fine fiscally. There is no urgent need to raise additional revenue. The consequences need to be more personal for any resident to offer to pay more taxes. Dalton noted that residents don't know about what items are not being done, for example the consequences of putting off such items as street maintenance. Angell added that in the current bad economy, most resident's response is that the City should cut costs to make ends meet just as residents are doing. Dalton added that the issue to get to residents is that it is ok now, but there will need to be major cuts in the future on this path. He stated that the presentation needs to have a more specific message for residents. Menaker asked if perhaps the discussion shouldn't be how money is allocated, not how to raise revenue. Dalton stated that he basically likes the current spending allocations with some small changes. Sackett agreed. Yarnell noted that new funding is needed just to maintain basic programs, so smaller, non-core programs will have to be cut. If revenue falls and expenses go up, the City will have to prioritize infrastructure over programs. Pritchard stated that for many residents it is those smaller programs that make Louisville the town everyone loves. FEBRUARY ECONOMIC DEVELOPMENT BRIEFING Hogan gave a brief update on her activities during February including work on a profile in the Boulder County Business Report and a publicity campaign on what is working in Louisville. COMMITTEE COMMENTS None. DISCUSSION ITEMS FOR NEXT MEETING None. ADJOURN The meeting adjourned at 10:05 AM.